Tag: crypto boom

Cryptoverse: Investors pick their AI race horses
26Apr By adminNo Comments
Technology

Cryptoverse: Investors pick their AI race horses

[ad_1] What do you get when you cross cryptocurrencies with artificial intelligence?A seemingly sentient bitcoin that codes itself in the style of Japanese haikus? Alas not, though you do get billions of dollars of trading in a new class of crypto tokens. The machine mania sweeping the tech world amid the launches of bots like ChatGPT and Bard has reached the cryptoverse, with interest in tokens tied to AI blockchain projects surging. Average daily volumes for the biggest coins including SingularityNET, Fetch.AI and Render topped $1 billion in early February, hitting a two-year high, according to data firm Kaiko.AI-linked blockchain products cover a gamut of services including payments, trading models, machine-generated non-fungible tokens and blockchain-based marketplaces for AI applic...
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Bitcoin Surged Past $30,000. Is Another Crypto Boom on the Way?
17Apr By adminNo Comments
Technology

Bitcoin Surged Past $30,000. Is Another Crypto Boom on the Way?

[ad_1] When Bitcoin plunged from around $30,000 to below $20,000 in little more than a week last year, Three Arrows Capital co-founder Su Zhu described the tailspin as the “nail in the coffin” for his hedge fund.Fast forward to today, and the largest cryptocurrency has just retraced that path from $20,000 back to $30,000 in the past month — but the industry is a shadow of what it was the last time the token crossed that milestone. That's because several more caskets were hammered shut in the domino-like wave of bankruptcies that followed Three Arrows' collapse: Voyager Digital, Celsius, FTX, Blockfi, Genesis Global, and other formerly high-flying startups. It's clear that while the mood has improved compared with last year's apocalyptic vibe, the promising Bitcoin rebound alone won't be...
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