Day: December 1, 2023

AntPool surpasses Foundry as top Bitcoin miner

boss

AntPool, a mining pool linked to Bitmain, overtakes Foundry USA as the leading Bitcoin mining pool, for the first time since January 2022. The development, based on the quantity of monthly blocks mined, was recorded for the first time since January 2022, coming amidst the aggressive distribution of Bitmain’s latest mining equipment. Hashrate Distribution | Blockchain.com The latest data from Bitcoin’s network indicates that in November, Antpool successfully mined 1,219 blocks, marginally outpacing Foundry USA, which mined 1,216 blocks. Antpool’s mining efforts have yielded substantial rewards for its clientele, amassing…

Shibarium Transactions Sees 4,400% Explosion, Time For SHIB And BONE ATH?

boss

Shibarium has crossed a new milestone in the space of a few days. The layer-2 solution built for Shiba Inu’s ecosystem just saw transactions spike an astounding 4,400%, registering 748,230 transactions in the past 24 hours.  Numbers like this demonstrate the sheer adoption rate of Shibarium, and investors are left wondering if high valuations for the tokens on the Shiba Inu ecosystem are inevitable. Shibarium Transactions Explode Over 4,400% In One Day Shibarium went live in August and has become the go-to platform for SHIB whales and investors. Shibarium recently…

Crypto investors are falling into a trap: analyst

In a recent video, the analyst behind the popular Crypto Banter channel warned viewers that crypto investors are currently falling for “one of the biggest traps ever.” However, he also outlined a scenario in which Bitcoin could be on the cusp of a major breakout. It’s the oldest trick in the book. […] I’m gonna outline why you should not fall for that trap and how you can identify what it may look like. The potential trap relates to the relative strength index (RSI), a technical indicator that measures the…

Court Rejects Appeal to Dismiss Class Action Suit against Terraform Labs and Do Kwon

The class action was one of the many lawsuits brought against the company last year after the Terra-LUNA fiasco that wiped out billions of dollars as investors watched their funds vanish into thin air within a matter of days.  A federal court in Singapore has denied an appeal to dismiss a class action suit filed against Terraform Labs, the brains behind the former Terra blockchain, and its disgraced co-founder Do Kwon on November 30. According to a Business Insider report, the duo filed a motion of appeal at the High…

Are These The Best 2 AI Altcoins?

boss

Two AI-focused projects have recently garnered significant attention: Render Network (RNDR) and Bittensor (TAO). These projects, while distinct in their objectives and execution, are at the forefront of integrating artificial intelligence with blockchain technology. Analyst Crypto Stream has analyzed the two most hyped AI projects in this cycle and tried to answer the question: “Which one is the true king of AI coins?” Render Network (RNDR): A Leap In GPU Rendering Crypto Stream highlights that Render Network addresses a critical need in the current digital era: the demand for GPU computing…

FTX and Alameda Research Move $10.8M in Cryptocurrencies to Binance, Coinbase, Wintermute

These asset shifts have also been constantly noticed ever since FTX filed for bankruptcy, leaving many to speculate about the rationale behind the moves. According to a recent tweet by Spot on Chain, crypto accounts linked to the collapsed crypto exchange FTX and its sister trading firm Alameda Research executed over $10 million worth of token transfers across six currencies within a 12-hour span. These movements involve a part of the remaining digital assets still controlled by FTX bankruptcy administrators. The frequency and strategies behind the withdrawals have kept many…

Crypto-based AI markets, and AI financial analysis – Cointelegraph Magazine

We’re rolling out genuine use cases for AI and crypto each day this week — including reasons why you shouldn’t necessarily believe the hype. Today get two for the price of one: Blockchain based AI marketplaces, and financial analysis. It may not seem like the most exciting use case blending AI and crypto, but both Near co-founder Illia Polosukhin and Framework Ventures founder Vance Spencer cite blockchain-based marketplaces that source data and compute for AI as their top pick. AI is an incredibly fast-growing industry requiring ever-increasing amounts of computing…

Evidence mounts as new artists jump on Stability AI, MidJourney copyright lawsuit

boss

A copyright lawsuit filed against multiple companies developing artificial intelligence (AI) tools has been amended as artists and their legal teams alleged the misuse of their creative works.  On Nov. 29, a group of visual artists amended a case previously struck down by a United States judge, adding seven new artists and more details about the alleged infringement. The new artists include H. Southworth, Grzegorz Rutkowski, Gregory Manchess, Gerald Brom, Jingna Zhang, Julia Kaye and Adam Ellis. According to the amended class action case Stability AI, Midjourney and DeviantArt, along…

Exploring The Possibility Of Ether’s New Peaks In 2024

Ethereum (ETH), the world’s second-largest cryptocurrency, is demonstrating robust momentum as its price stages a resurgence, reclaiming levels above $2,000. This bullish trend gains traction concurrently with significant developments in the US Securities and Exchange Commission (SEC). The regulatory authority is engaging in discussions regarding the potential approval of a spot Ethereum Exchange-Traded Fund (ETF). This pivotal development has injected optimism into the Ethereum market, as the prospect of an ETF introduces new possibilities for mainstream adoption and investment, further fueling the current upward trajectory of Ether’s value. Ethereum’s Ascending…

United Nations, Algorand Network To Launch Blockchain Academy In 2024

An organization that works to end poverty on behalf of the United Nations is about to provide its 22,000 employees with extensive blockchain training. The main goal of this program, administered by the United Nations Development Programme, is to enable the agency’s workers to actively contribute to the promotion of sustainable development in different countries. By providing its staff with cutting-edge understanding and expertise in blockchain technology, UNDP hopes to capitalize on creative ideas that can be crucial in tackling issues related to poverty and supporting global sustainable development goals.…