The Bitcoin ecosystem has witnessed a dramatic recovery as the market cap of BRC-20 tokens surpassed $4 billion shortly after their invention in January. According to a Dec. 15 research report by cryptocurrency exchange Bitget seen by Cointelegraph, Bitcoin (BTC) miners’ earnings from on-chain fees have surged from 1.7% in August to 19.57% by November. Meanwhile, daily mining revenue from…
The financial services firm First Trust is the latest company to file for a Bitcoin (BTC) exchange-traded fund (ETF), and not for a spot one. First Trust on Dec. 14 submitted a Form N1-A filing with the United States Securities and Exchange Commission (SEC) to launch a new Bitcoin-linked product called the First Trust Bitcoin Buffer ETF. According to the…
OpenAI has opened applications for the second cohort of its six-week program for artificial intelligence (AI) startups, Converge 2, through which it will invest $1 million into each of the 15 successful participants selected. The organization behind ChatGPT announced that the initiative, accessible worldwide, is aimed at individuals like engineers, designers, researchers, and product builders utilizing AI for innovative purposes.…
The media company “Channel 1 AI” is rolling out a brand new newsroom in 2024, but with a catch – it’s powered by generative artificial intelligence (AI) and manned by AI-generated news anchors who will deliver personalized AI-generated content. On Dec. 12, the channel released a teaser video of its upcoming segments on the social media platform X, formerly Twitter,…
DeFi meme coin SafeMoon’s SFM token has crashed by over 50% after the firm behind the project filed for Chapter 7 bankruptcy. SFM is currently trading at $0.00003270, down 49.6% in the last 24 hours and marking an all-time low for the cryptocurrency, per data from CoinGecko. SafeMoon US, LLC applied for Chapter 7 bankruptcy a in December 14 filing…
Crypto stealth addresses, explained The purpose of crypto stealth addresses is to enable privacy for each transaction, concealing the recipient’s identity and transaction history. Crypto stealth addresses are a privacy-enhancing feature in blockchain technology that lets users receive money anonymously. Unlike conventional public addresses, stealth addresses provide distinct, one-time addresses for every transaction. The recipient’s actual address is kept secret…
While a large majority of enterprises are adopting crypto solutions, these institutional players also recognize the challenges of adopting this new technology, according to a new report. Crypto firm Paxos surveyed 400 executives from United States-based financial services companies with at least five million users and $50 billion in assets under management or $50 billion annual payments volume. The crypto…
Bitcoin (BTC) may enjoy a familiar tailwind in the coming weeks and even beyond if new macro forces continue to play out. In a post on X (formerly Twitter) on Dec. 14, popular trader Crypto Ed, founder of trading group CryptoTA, eyed multi-month lows in U.S. dollar strength. Bitcoin trader targets sub-100 DXY dive Bitcoin and dollar strength have in…
Ripple has doubled down on its public support for central bank digital currencies by issuing a white paper on CBDCs. The 23-page document was released by the blockchain company on Dec. 14. In the document, Ripple explains the basics of CBDCs, their attractiveness and risks, and barriers to widespread adoption. The white paper states that CBDCs help expand financial inclusion,…
The President of Brazil, Luis Inácio Lula da Silva, has signed a law introducing the taxation of crypto assets held abroad by the country’s citizens. Lula signed the law on Dec. 12, which was then published the following day in the official Gazette of the Union. With some reservations, the law will come into force from Jan. 1, 2024. The new taxes…
