Cryptocurrencies linked to artificial intelligence experienced significant drops shortly after Nvidia unveiled its earnings for the second quarter of 2024. Although Nvidia’s earnings exceeded forecasts, the figures did not meet investor expectations. Following the earnings announcement, the value of Artificial Superintelligence Alliance (FET) decreased by 7.8% to $1.16, Bittensor (TAO) dropped 4.5% to $295.22, and […]
Nvidia’s recent earnings announcement exceeded expectations as Colette Kress, the CFO, revealed that the company generated $30 billion in revenue for the second quarter, surpassing forecasts by $2 billion. This robust performance is poised to uplift the artificial intelligence industry as trading resumes on Thursday, Aug. 29. The Q2 earnings presentation, which occurred on Aug. […]
Toncoin (TON), the native cryptocurrency of the TON blockchain, has resumed block production after an almost six-hour interruption caused by an unexpected spike in network activity. When a blockchain stops producing blocks for a prolonged period, it raises concerns about the network’s stability. Such disruptions can potentially create security vulnerabilities and delay transactions. While these […]
Long-term Bitcoin holders have collectively invested a notable $10 billion in acquiring the cryptocurrency and have been holding back on selling as the asset’s value continues to drop from its 2021 peak, according to an analysis. Long-term holders less likely to panic-sell “For the first time, the realized capitalization of long-term holders has surpassed $10 […]
On August 28, Sony Block Solutions Labs (Sony BSL) introduced the Soneium Minato public testnet and the Soneium Spark incubator. The layer-2 Soneium blockchain, crafted by Startale Labs, a Singapore-based subsidiary of Sony, had its initial launch a week prior, marking Sony’s most significant venture into the Web3 arena to date. Bootstrapping, the Sony way […]
BlackRock’s Bitcoin exchange-traded fund (ETF) recently experienced its largest daily net inflow in over a month, as investors appeared to capitalize on a slight dip in Bitcoin’s price below $64,000 after a week of strong gains. On August 26, the iShares Bitcoin Trust ETF (IBIT) recorded a net inflow of $224.1 million, marking its biggest […]
The global population of Bitcoin millionaires has surged by an impressive 111% over the past year, with 85,000 individuals now holding Bitcoin worth over $1 million, according to a recent wealth survey. The Crypto Wealth Report 2024, published by Henley and Partners, reveals that the number of Bitcoin holders with million-dollar portfolios more than doubled, […]
Meta CEO Mark Zuckerberg has claimed that Facebook faced significant pressure from the Biden administration to censor content related to COVID-19 during the pandemic, a decision he now regrets complying with. On August 26, Zuckerberg addressed these concerns in a letter to U.S. Representative Jim Jordan, who chairs the House Judiciary Committee, as part of […]
The messaging platform Telegram has released what seems to be its first official statement regarding the detention of its CEO, Pavel Durov. Durov’s situation is still uncertain, as French authorities have reportedly declined to cooperate with the Russian embassy up to this point. As previously mentioned, the authorities in Paris are expected to issue an […]
Artificial intelligence (AI) cryptocurrencies have experienced significant growth in the past week, driven by excitement surrounding Nvidia’s upcoming second-quarter earnings report. AI-focused tokens like Near Protocol, Artificial Superintelligence Alliance (FET), Bittensor (TAO), and Render (RENDER) have all seen their prices surge, outpacing the broader cryptocurrency market. Near Protocol, a proof-of-stake layer-1 network, saw its native […]