Tag: Bitcoins

Bitcoin’s creator has become an AI chatbot

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Satoshi Nakamoto may have effectively disappeared over 12 years ago, but two artificial Intelligence dabblers are seeking to revive the ability to chat with the famed Bitcoin (BTC) creator. On May 31, Bitcoin FilmFest co-organizer Pierre Corbin and the chatbot’s co-developer Hugo Ferrer — released “Talk2Satoshi” — an AI chatbot that aims to answer questions about Bitcoin and economics as if they came from Nakamoto. Announcing my newest project! Together with @HugoFerrer_, we’ve spent the last few weeks working on something that has been missing in #bitcoin: the Bitcoin GPT.…

Bitcoin fragments could become more valuable than full Bitcoins

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Since January, there have been over 10 million inscriptions on the largest blockchain in the world, and this number continues to grow exponentially. To provide some context, the Ordinals Protocol allows for the ordered identification of satoshis, the smallest subdivision of a Bitcoin (BTC), enabling each of them to have an individual identity. From that people can inscribe sats with arbitrary content, creating Bitcoin-native digital artifacts, more commonly known as nonfungible tokens (NFTs). Among the various narratives resulting from this technique, the existence of an extremely underground group of individuals…

Bitcoin’s next rally may be imminent, on-chain analyst says

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After a long period of unusually low volatility, Bitcoin’s (BTC) next major price move is likely imminent and could drive BTC to $32,000, according to James Check, lead on-chain analyst at Glassnode. That price level is where Bitcoin’s “true cost basis is sitting,” Check explained in an exclusive interview with Cointelegraph.  To calculate Bitcoin’s average cost basis — the average price at which BTC was bought — Check and his team removed coins that are lost forever from the calculation and focused on active Bitcoin investors.  “It’s where the mean reversion…

Bitcoin’s next rally may be imminent, on-chain analyst points out

After a long period of unusually low volatility, Bitcoin’s next major price move is likely imminent and could drive BTC to $32,000, according to James Check, the lead on-chain analyst at Glassnode. That price level is where Bitcoin’s “true cost basis is sitting,” Check explained in an exclusive interview with Cryptox.  To calculate Bitcoin’s average cost basis – the average price at which BTC was bought – Check and his team removed the coins that are lost forever from the calculation and focused on active Bitcoin investors.  “It’s where the mean…

Bitcoin’s price surges past $28k as non-zero BTC addresses reach 5-year high

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The global capitalization has surged by roughly $27 billion in less than 24 hours as bitcoin (BTC) rallied above $28,000. The largest cryptocurrency by market cap, BTC, has been consolidating between $26,700 and $27,100 since May 11. However, with the recent global hike, the coin is now up 3% in the past 24 hours. BTC price – May 29 | Source: Trading View When writing on May 29, bitcoin is trading at around $28,025. Its 24-hour…

RGB protocol may offer solution to Bitcoin’s Ordinals jam, proponent claims

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Gideon Nweze, the founder and CEO of the newly launched Digital Bitcoin Art and Assets (DIBA) nonfungible token (NFT) marketplace, believes there’s an alternative way to bring NFTs to Bitcoin that doesn’t impact block space and transaction fees. Nweze recently put this belief to the test, launching a beta version of his NFT marketplace on May 19. Rather than using Ordinals, it leverages the RGB Smart Contract Protocol to mint NFTs on top of the Bitcoin (BTC) network. Since the introduction of Ordinals Protocol in January, Bitcoin-based NFTs and tokens have…

Stably USD stablecoin enters bitcoin’s on-chain economy

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied To facilitate efficient trading within bitcoin’s (BTC) evolving on-chain economy, crypto startup Stably has introduced Stably USD, a new dollar-backed stablecoin. In a significant development for bitcoin‘s rapidly developing on-chain economy, a new dollar-backed stablecoin named Stably USD has been launched. Stably, the issuing firm, anticipates the token becoming a preferred currency for traders seeking to participate in the proliferation of new asset classes on the bitcoin platform. The company argues that their stablecoin could facilitate…

Ledger Recover Fiasco Exposes Gap Between Bitcoin’s Self-Custody Ideals and Technical Reality

CryptoX – Cryptocurrency Analysis and News Portal The latest example comes from Ledger, the Paris-based crypto hardware wallet company, which, following a public-relations firestorm last week, announced Tuesday that it would delay plans to release a controversial new wallet-recovery feature called Ledger Recover. Source The post Ledger Recover Fiasco Exposes Gap Between Bitcoin’s Self-Custody Ideals and Technical Reality appeared first on CryptoX. CryptoX Portal

Bitcoin’s role as a crisis hedge and the implications for the USD

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent video posted by popular cryptocurrency YouTuber, CryptosRUs, gave a comprehensive analysis of current economic events in the U.S. and their potential implications on the crypto market. US debt ceiling and economic uncertainty A pressing issue in the U.S. is the stalemate over the debt ceiling, a legal limit to the amount of money the federal government can borrow to cover its existing obligations. CryptoRUs warns that failure to increase this limit could lead…