AI compute cannot create a new class system
As AI compute becomes increasingly valuable, there is a need for a more inclusive AI economy to ensure equitable distribution of AI’s benefits across society.
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Social media discussions play a crucial role in influencing crypto returns: Study
The researchers also determined that “news sentiment” is a much less effective predictor of cryptocurrency returns. Researchers at Pennsylvania State University recently analyzed whether attitudes and emotionality surrounding cryptocurrency could help predict returns. What they found may stand in stark contrast to related financial markets.According to the team’s research paper, social media plays an outsized role…

Bitcoin Went Parabolic The Last Time This Happened
A key plateau was reached yesterday that is associated with some of the biggest bull runs in history. The number of active Bitcoin (BTC) addresses just broke an important plateau. If history is anything to go by, this metric may indicate that we’re in for a parabolic bull run.On May 7, the number of active…

Microsoft quietly closing down Azure blockchain in September
Microsoft is closing its Azure Blockchain Service, giving existing customers just four months to transition to new service providers. 3976 Total views 23 Total shares Microsoft is turning off its corporate Azure Blockchain Service on September 10 and will not accept any new deployments effective immediately, with no official explanation provided.Large corporate customers who use…

Billionaires, Teslas, and Satoshi: fun facts for Genesis Block Day
Satoshi Nakamoto mined the first Bitcoin block 12 years ago today. 1062 Total views 8 Total shares Since Satoshi Nakamoto mined the first Bitcon block on Jan. 3, 2009, the crypto asset has led to substantial gains for investors given its meteoric rise in the last week alone.The price of Bitcoin (BTC) reached parity with the…

Indian Authorities Arrest 4 Individuals Accused of Crypto Ponzi Scheme
The Criminal Investigation Department (CID) of India has arrested Vijay Prajapati, Dhiraj Patel, Kamruddin Syed, and Ashiq Shaikh, the alleged creators of the cryptocurrency KBC Coin, according to a report by The Times of India on July 4.As per the report, the CID argues that KBC is a Ponzi Scheme. KBC reportedly launched 6 months ago,…

Ripple Labs escalates dispute with SEC, files notice of cross-appeal
Ripple has disclosed plans to take its legal battle with the SEC to a higher court in the United States.

Binance’s DOJ settlement offered some glimmers of hope for the crypto industry
Binance CEO Changpeng Zhao's (CZ) departure from the platform he founded and the company's guilty plea in a staggering $4.3 billion settlement with the United States Department of Justice have sent shockwaves through the cryptocurrency world. This development poses a crucial question: Is it a harbinger of doom or a bullish signal for the industry?On

Why is Dogecoin price down today?
Dogecoin is down today after entering overbought territory, with some traders securing profits generated from the "Trump trade."