Bill Miller IV, chairman and CIO of Miller Value Partners, has explained why bitcoin is undervalued despite the cryptocurrency’s recent highs. He emphasized bitcoin’s potential as a revolutionary monetary system superior to fiat currencies, which are subject to human control and debasement. Miller believes bitcoin’s market cap has room for substantial growth. ‘I Believe Bitcoin […] Source CryptoX Portal
Bitwise’s Senior Crypto Research Analyst, Juan Leon, predicts a transformative impact on the global economy as artificial intelligence (AI) and cryptocurrency converge, potentially adding $20 trillion to the global Gross Domestic Product (GDP) by 2030. AI and Crypto — The Trillion-Dollar Synergy Leon’s bold forecast was emphasized at the recent Consensus conference in Austin, which […] Source CryptoX Portal
The Artificial Superintelligence Alliance (ASI) announced its token merger would be postponed to next month after presenting logistical and technical issues. The alliance was set to merge Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) into the ASI token on Thursday. As a result, the three AI tokens faced a 4% drop in the last 24 hours. Related Reading ASI Token Merger Postponed To July In March, Fetch.AI, SingularityNET, and Ocean Protocol, three leading AI blockchain projects, revealed their plan to merge into the ASI token. This move aims to…
Pixelverse, a developing entertainment studio and game ecosystem, has secured $5.5 million in a private funding round led by prominent Web3 venture capital firms. The funds are intended to support the growth of Pixelverse’s gaming platform, which has seen significant user engagement since its launch. Pixelverse Secures $5.5 Million Pixelverse‘s recent funding round saw participation […] Source CryptoX Portal
Crypto markets jumped on June 12 after U.S. CPI numbers for May came in flat, fueling expectations for promising inflation data. U.S. Consumer Price Index (CPI) data was unchanged last month, down from 0.3% in April. The year-over-year (YoY) CPI also dropped from 3.4% in April to 3.3% in May, besting predictions that data would remain the same. Core CPI YoY levels declined from 3.6% to 3.4% last month, the lowest rate since April 2021. The general consensus estimated a 3.5% point for this index. Following the improved data, the…
Cryptocurrencies and stocks rebounded on Wednesday after the weak US inflation data and as investors bought the recent dip. Bitcoin approached the key $70,000 level while futures tied to the Dow Jones and Nasdaq 100 indices rose by 365 and 150 points, respectively. Here is the outlook for some of the more followed cryptocurrencies on Wednesday: Render Token (RNDR), Floki, and Arweave (AR). Render Token price Render Token has been under pressure this week as the altcoin sell-off gained steam. It crashed from this month’s high of $11.86 to a…
A new stablecoin has emerged among the top ten U.S. dollar-pegged tokens. Known as USDB, this auto-rebasing stablecoin was developed by the Blast team. Despite the stablecoin economy being underwhelming over the past 30 days, USDB has quietly secured the ninth-largest market capitalization among all U.S. dollar stablecoins. USDB Climbs the Ranks The decentralized finance […] Source CryptoX Portal
Scarce City X VESA = Bitram Auction Now LIVEGet ready for the legendary Scarce City dropping a hot auction with OG artist VESA. June 11-13th. Watch a video on how the artwork was made and what it is all about. It’s the first Bitcoin specific piece VESA has made in a couple years now exclusively on Scarce.City – Youtube link Watch substance video number two on Youtube How to bid: Input the amount of bitcoin you want to bid, an email address that we can reach you at, and a…
In a significant announcement at the XRP Ledger Community Summit (#XRPL Apex) held in Amsterdam from 11-13 June 2024, Brad Garlinghouse, the CEO of Ripple, unveiled the name of Ripple’s new stablecoin – $RLUSD. Garlinghouse expressed his fondness for the name, stating, “I like to call it Real USD… Ripple USD”. This development marks a […] Source CryptoX Portal
Pepe (PEPE), the popular frog-themed meme coin, has outshined most of the popular memecoins with an 11% surge in the last 24 hours. At the time of writing, PEPE was trading at $0.0000129, with a trading volume of $1.27 billion over the past day. The memecoin has surged by 50% over the last seven days and a massive 1372% over the last year. PEPE 24-hour price chart | Source: CoinMarketCap The crypto asset’s market cap has also risen by 9%, currently holding at $5.43 billion. However, the token is still…