Q2 earnings: AI sector enters flat spin as consumer disinterest in chatbots intensifies
Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem.
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ECB report likens PoW to fossil fuel cars, PoS to electric vehicles
European Central Bank researchers anticipate a clash between the green transition policies and Bitcoin investors. Amid the soaring inflation, the European Central Bank (ECB) has found time to sum up its concerns about the “significant carbon footprint” of Bitcoin (BTC) and other cryptocurrencies, which require vast amounts of computational power. ECB published the report titled “Mining the environment…
Anchorage set for growth following $80M fundraise
With additional millions in funding, Anchorage looks toward scaling. 2384 Total views 6 Total shares Last month, digital asset entity Anchorage received a bank charter from the United States Office of the Comptroller of the Currency, or OCC. This month, the outfit has added $80 million in funds. "Today, we are pleased to announce that Anchorage…
Binance Debuts Euro Pairs as CZ Says 180 Fiat Currencies Set for 2020
Cryptocurrency exchange Binance has confirmed it will offer euro (EUR) trading against six cryptocurrencies in the platform’s latest fiat expansion.In a blog post on Jan. 3, Binance confirmed trading for EUR pairs would begin at 8am the same day. Users will be able to trade EUR against Bitcoin (BTC), Ether (ETH), XRP and Binance Coin…
Alleged $3.6B crypto Ponzi’s ‘victims’ still believe the exchange is legit
Some of those caught up in an alleged $3.6 billion crypto Ponzi scheme are refusing to aid police investigations as they still expect to triple their investments. 2876 Total views 4 Total shares Victims of an alleged $3.6 billion crypto Ponzi scheme in South Korea are reportedly hampering the progress of a police investigation and…
Aave Ascends Market Rankings as Flash Loans Explode
Aave is climbing the DeFi and market cap rankings as its flash loans see daily volume exceeding $100 million. 1788 Total views 16 Total shares Decentralized finance (DeFi) loan protocol Aave has seen an explosion in the number of flash loans issued — with the daily value of said loans growing more than 1,000% since…
VeChain launches blockchain platform to encourage carbon data reporting
VeChain has announced a new blockchain initiative designed to help businesses openly track and report their carbon emissions data. 1314 Total views 96 Total shares Supply chain management platform VeChain has announced a new service for combining businesses to overhaul their carbon footprint data management practices.The new service, detailed in a Medium post on Thursday,…
Crypto social governance will lead to online freedom
The saying, “Everything in moderation, including moderation,” has taken on new meaning since Facebook outsourced responsibility for content moderation to its Oversight Board following the violent events that occurred at the United States Capitol back on Jan. 6, 2021. First conceived in November 2018 as Facebook’s “Supreme Court” for public appeals, the social media giant’s Oversight Board was…
Bitcoin hit by $2.7 billion futures liquidation frenzy: What happens next?
Over $2.7 billion worth of futures contracts got liquidated in the last 24 hours, based on data from Bybt.com. This caused the price of Bitcoin (BTC) to see a large drop in a short time frame as it plunged from over $41,000 to sub-$32,600.BTC/USDT 4-hour price chart (Binance). Source: TradingView.comWhy would mass liquidations cause Bitcoin…