Coinbase has struck a deal with the Golden State Warriors NBA team, the latest sign that digital asset companies are taking a fresh look at the value of U.S.-based sports marketing deals—and that teams and leagues are keen on such deals after many were burned in the wake of FTX’s collapse. As part of the deal, the crypto exchange’s branding…
On Friday, Oct. 25, 2024, Bitcoin’s network hashrate climbed to a new all-time high, reaching 736.81 exahash per second (EH/s)—a milestone unmatched in the network’s history. Bitcoin’s Hashrate Hits Historic High — How Close Are We to the Zettahash Era? Bitcoin’s computing power has hit new heights, with over 67 EH/s added to the network […] Source: https://news.bitcoin.com/the-race-to-the-zettahash-era-bitcoins-hashrate-breaks-new-records/
The AI art scene is getting hotter. Sana, a new AI model introduced by Nvidia, runs high-quality 4K image generation on consumer-grade hardware, thanks to a clever mix of techniques that differ a bit from the way traditional image generators work. Sana’s speed comes from what Nvidia calls a “deep compression autoencoder” that squeezes image data down to 1/32nd of…
Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had been removed. According to Geckoterminal data, the value of the stablecoin, which normally trades at par with the U.S. dollar, dropped by nearly 98% to […] Source: https://news.bitcoin.com/stablecoin-plunges-98-in-24-hours-sparks-rug-pull-allegations/
As a narrative mixing AI and meme coins runs hot on Crypto Twitter, some analysts are predicting Terminal of Truth’s rise in popularity is just the beginning. Instead of simply shilling digital assets, AI agents could use financial motives to become drivers of human behavior. In a Friday blog post, crypto exchange Coinbase said AI agents and crypto could give…
Lamine Brahimi discusses how blockchain-based government bonds could revolutionize debt markets, with benefits including lower borrowing costs and efficient settlements. Source: https://cointelegraph.com/news/digital-bonds-blockchain-government-debt-market-impact?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Based on Dune Analytics’ latest figures, the prediction market Polymarket’s October volume has soared to over three times what it was in September. Polymarket Continues to Hit All-Time Highs In the lead-up to the 2024 U.S. election between former President Donald Trump and Vice President Kamala Harris, Polymarket’s trading activity has spiked dramatically. Data shows […] Source: https://news.bitcoin.com/polymarkets-staggering-growth-in-october-will-post-election-events-keep-the-momentum-going/
This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Polymarket, Traditional Markets, and Crypto Markets Are Predicting a Trump Victory A widely circulated sentiment for the past week on CT and Fintwit is that markets are positioning for […] Source: https://news.bitcoin.com/markets-are-telling-us-something-about-the-us-election/
Bitcoin rapidly rids itself of record open interest but concerns remain over the short-term BTC price trend. Source: https://cointelegraph.com/news/btc-price-nurses-5-dip-warning-bitcoin-60k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Learn the fate of seized cryptocurrency, including how it’s stored, auctioned and redistributed after being confiscated by law enforcement. Source: https://cointelegraph.com/explained/what-happens-to-seized-cryptocurrency?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
