Crypto Biz: Consolidation ramps up among crypto firms
This week’s Crypto Biz examines recent acquisitions in the crypto industry, Tether’s plans for a dirham stablecoin, and Polychain’s investment in the Bitcoin protocol Corn.
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Elon Musk’s new AI startup is as ambitious as it is doomed
Almost nothing is known about Elon Musk’s latest endeavor, an artificial intelligence startup named xAI. But “almost nothing” is still something. And we can glean a lot from what little we do know.As Cointelegraph recently reported, Musk announced xAI on July 12 in a statement comprising three sentences, “Today we announce the formation of xAI. The…
Layer-two scaling solutions solve enterprises’ public blockchain challenges
At the end of 2019, research firm Forrester and Big Four firm Ernst & Young, or EY, published a report surveying the adoption of public blockchains by enterprises. Findings revealed that 75% of respondents were likely to use a public blockchain in the future.Although this was the case, the report also found that most enterprises were…
Web3 gaming still a long way from mainstream adoption: Survey
In a survey commissioned by Coda Labs, 6,921 people from five countries were asked a series of questions to determine their perception of crypto, NFTs, and Web3 gaming. 150 Total views 3 Total shares A new survey commissioned by blockchain entertainment provider Coda Labs suggests that despite the huge amount of money being poured into…
Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles
Bitcoin (BTC) hit daily lows at the May 3 Wall Street open as markets counted down the hours to the Federal Reserve interest rate decision.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewFed set to hike into banking crisisData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $28,152 on Bitstamp, down 2.2% from the day’s highs.The…
Possible Bitcoin price drop to $52K rises as BTC derivatives data shows traders losing hope
Worsening US macroeconomic data and some slight changes in the Bitcoin options market could be signs that BTC’s price weakness is set to intensify.
Play-to-earn games are ushering in the next generation of platforms
The online gaming industry has been on the rise for the past few years and for a good reason. From a global pandemic pushing an online revolution to the ever-increasing mobile and internet penetration, more people are spending more time online. It is no wonder the industry is big money, raking in over $20 billion in…
Bitcoin Not Moved for at Least Five Years is at an All-Time High
The amount of Bitcoin (BTC) that has not been moved for at least five years is at an all-time high, reports cryptocurrency data website Coinmetrics on July 23.Is hodling currently at its highest?Per the report, the amount of BTC held in a single address unmoved for at least five years recently reached its all-time high.…
Cointelegraph announces the Top 100 Notable People in Blockchain 2021
Let’s get one thing out of the way. You will not agree with every selection on the Cointelegraph list of the Top 100 Notable People in Blockchain.In fact, you will almost certainly disagree, vehemently, with many of the people we’ve included in this year’s list.You will rage at the inclusion of [insert comedy villain here]…