The global AI market is set to soar to $1,057.47 billion by 2030, fueling a surge in AI-related stocks like Nvidia, which has seen a staggering 1,900% increase in shares over the past five years. Despite this growth, challenges persist in the centralized nature of AI, prompting calls for decentralized solutions. Dan Thomson, CEO of Sensay, advocates for AI tokens to democratize access to AI technology, while John Arrow, Co-Founder of FreedomGPT, highlights their role in incentivizing user participation and powering decentralized AI networks.
During a recent CNBC interview, Bitwise’s Chief Investment Officer made an ambitious projection for Bitcoin’s price in 2024, foreseeing it reaching between $100,000 and $200,000 or even higher. The CIO attributed this bullish forecast to the significant demand for Bitcoin coupled with a limited supply.
An official from Indonesia’s Commodity Futures Trading Supervisory Agency (Bappebti) has advocated for a reevaluation of the tax regulations governing digital assets in the country. Currently, cryptocurrencies are categorized as commodities in Indonesia, thereby subjecting them to value-added tax (VAT) and income tax obligations. However, as regulatory oversight of cryptocurrencies is set to transition to the country’s financial services regulator, OJK, by 2025, calls have intensified for a reassessment of these tax policies.
FTX Derivatives Exchange, amidst ongoing bankruptcy proceedings, has reinforced its restructuring efforts by appointing Galaxy Asset Management as the exclusive investment manager authorized to handle offers and solicitations on behalf of the exchange. This strategic move aims to streamline negotiations and ensure compliance with legal requirements while safeguarding the restructuring process against unauthorized entities. Additionally, FTX has received approval from the Supreme Bankruptcy Court to shift its stake in AI firm Anthropic, valued at over $1 billion, potentially alleviating significant financial burdens and facilitating the repayment of customer claims and creditor obligations.
Grayscale’s latest report delves into the role of cryptocurrency in the upcoming 2024 presidential election. Highlighting findings from a national survey conducted by The Harris Poll, the report sheds light on voter sentiments and attitudes towards cryptocurrency, emphasizing its increasing political relevance. As Bitcoin, Ethereum, and other cryptocurrencies gain prominence, Grayscale’s insights provide valuable perspectives on how digital assets may influence voter decisions and shape the political landscape in the election year.
Despite Bitcoin’s remarkable 45% surge in February, surpassing the $60,000 mark for the first time since November 2021, Grayscale, a leading cryptocurrency asset manager, has expressed caution. The company’s analysts have flagged macroeconomic factors, particularly inflation and its potential impact on Federal Reserve policy, as potential hurdles to sustained cryptocurrency appreciation.
MicroStrategy’s chairman and bitcoin evangelist, Michael Saylor, has seen a significant surge in his wealth this week, as his company’s shares jumped by 40% amidst…
A thorough investigation conducted by Zachxbt reveals the intricate web of phishing scams orchestrated by the elusive figure known as “Ultra.” Through compromised Discord channels, Ultra siphoned millions of dollars into various crypto addresses, fueling a lavish lifestyle marked by excessive gambling and extravagant purchases. Despite efforts to conceal his identity, Ultra’s digital footprint ultimately exposes his true identity as Nicolas, linking him to multiple data breaches and illicit activities.
VanEck is rewarding its dedicated NFT community with a special treat! They have reserved a unique rarity tier of “Adventurer” NFTs from the upcoming SegMint project specifically for VanEck NFT holders. This exciting news was announced on the VanEck Community Twitter page, encouraging holders to get ready to claim their character.
Matrixport co-founder Daniel Yan issues a cautionary note on the current market sentiment, warning of potential risks ahead and predicting a 15% correction by April. He highlights concerns about market euphoria and advises investors to remain cautious, particularly in light of upcoming macroeconomic events in March.