After moving markets with its shuffling of Bitcoin holdings, Grayscale has significantly slowed its BTC outflows down, according to blockchain analysts. In a Tuesday post on Twitter, Arkham Intelligence dropped figures showing that Grayscale had offloaded over 4,400 BTC to its custodian Coinbase over the past day. The price of that much BTC right now stands under $200 million. But…
Month: January 2024
Tick Tock: Get A New Poem Every Minute From This AI Clock
A new project is using ChatGPT to publish whimsical rhymes in the form of a physical, digital clock. Designed to look at home on a desk or bedside table, Poem/1 is the brainchild of London-based technologist Matt Webb, who launched a Kickstarter campaign to fund the project. Holding a master’s degree in physics from Oxford University, Webb began the Poem/1…
Strange Crypto Tweets From Spanish Government Account Stirs Speculation
It seems everyone is thirsty for the JUP airdrop, but few appear as desperate for free tokens as the Spanish embassy in Bosnia and Herzegovina. In a series of unexpected social media exclamations, the official Twitter account of the government of Spain in Bosnia and Herzegovina has veered from its usual diplomatic discourse, engaging actively with multiple cryptocurrency projects. Since…
What’s Next for Arbitrum’s Gaming Network After the XAI Token Launch
Xai, the layer-3 gaming network built on Ethereum scaler Arbitrum, kicked off 2024 with a bang, launching its XAI token to early supporters and then announcing that noted NFT game studio Laguna Games will bring Crypto Unicorns and related titles to the network. So what’s next? More games, of course. Ex Populus, which co-founder and CEO Tobias Batton described to…
Jupiter Airdrop: What You Need to Know About the Solana JUP Token Launch
Months in the making, Solana decentralized exchange (DEX) aggregator Jupiter is set to launch its JUP token airdrop on Wednesday, January 31. Nearly a million Solana wallets are eligible, and the token launch will likely be the largest in 2024. Are you ready? The long run-up means that Jupiter has already launched an airdrop checker tool and provided ample guidance…
Sharp Decline in Crypto Payments Puts El Salvador’s Bitcoin Adoption in Question
El Salvador ‘s government loves Bitcoin, but Salvadorans? Not so much. The openly Bitcoin-friendly nation saw a sharp decline in cryptocurrency payments in 2023, despite Bitcoin’s price surge and significant governmental promotion efforts. According to the Central Bank of El Salvador, the amount of money Salvadorans living outside their country sent to their local relatives—known as “remesas” or remittances—plummeted to…
Ethereum Could Nearly Double in Price on ETF Approval in May: Standard Chartered
Exchange-traded funds (ETFs) giving investors exposure to Ethereum (ETH) will be approved in May, British multinational bank Standard Chartered has projected. In a Tuesday report, the bank said that it was likely that the U.S. Securities and Exchange Commission would give spot ETH ETFs the green light by the final deadline of May 23. And when the funds start trading,…
$2.1 Billion in Bitcoin Seized in German Piracy Sting
German authorities, bolstered by the U.S. Federal Bureau of Investigations, have recovered 50,000 BTC, worth around $2.1 billion, in a sweep of piracy websites, the lead agency said on Tuesday. Described as the largest seizure of its kind in Germany, the Bitcoin was confiscated from German and Polish nationals who were accused of running piracy websites and money laundering. “This…
Gas-Free Ethereum Games? Animoca Brands and Layer-2 LightLink Team Up
Crypto game publisher and metaverse investor Animoca Brands announced Tuesday that it has agreed to a collaboration with Ethereum scaling protocol LightLink to integrate gasless transactions into Animoca’s games. LightLink is a layer-2 scaling network built on Ethereum that allows creators of decentralized applications (dapps) to provide users instant transactions without any gas fees. Under the agreement, Animoca will look…
Ethereum Founder Vitalik Buterin Says AI Can Be Like “A Player in a Game” for Crypto
Can artificial intelligence have a meaningful crossover with crypto? Ethereum founder Vitalik Buterin published a blog post on Tuesday exploring the intersection between two of the biggest tech trends, comparing the potential role of AI within crypto to the components of a video game. The famous developer argued that the most viable role for the former would be “as a…