This past Friday marked Bitcoin‘s fourth halving event. Despite this significant milestone, the cryptocurrency market has yet to experience any noticeable price fluctuations. The total market capitalization currently stands at $2.32 trillion, representing a 1.37% decrease, while trading volume amounts to $72.64 billion, showing a substantial 36% drop. These statistics suggest a lethargic market. Some … Read more
Five Cryptocurrencies with Poor Performance: Late in the Friday evening, Bitcoin experienced its fourth reduction in mining rewards, transitioning from 6.25 to 3.125 new bitcoins per block at block 840,000. This procedure, which occurs roughly every four years, aims to decrease the production of new bitcoins and manage inflation, thereby increasing the currency’s lifespan. Based … Read more
Some cryptocurrency prices are climbing on the markets, while others are declining. According to CoinMarketCap, the overall trend remains unbiased. SHIB/USD The price of SHIB has risen by 1.02% over the last 24 hours. On the hourly chart, SHIB‘s price is showing signs of a bullish trend as it approaches the resistance level of $0.00002328. … Read more
The Chinese Embassy has reminded that the law banning cryptocurrency mining and other virtual asset activities in Angola took legal force on April 10. This law makes it illegal to mine cryptocurrencies, with penalties including prison terms between 1 and 12 years. The intent behind this legislation is twofold: first, to suppress unlawful cryptocurrency mining … Read more
The Nigerian government, headed by the Ministry of Communication and Digital Economy, unveiled a versatile, multilingual large language model (LLM). This revelation was made by the Communications Minister, Dr. Bosun Tijani, at the conclusion of a four-day Artificial Intelligence (AI) workshop in Abuja. Collaborative Efforts Enhance Nigeria AI Development A collaboration between Nigerian AI company … Read more
Today marked the fourth Bitcoin halving, an significant event in the cryptocurrency world where mining rewards are reduced. This reduction can lead to volatility in the value of various digital assets. Let’s look at this week’s crypto market movers, as reported by CoinMarketCap, and consider potential reasons behind their price changes. 5 Top Crypto Gainers … Read more
Recently, Ripple CTO David Schwartz spoke up about XRP‘s impressive 1,500% increase in value over the past seven years. This came as a response to a user expressing regret over losses they had experienced during that same time frame while holding XRP. In reaction to the user’s statement, Schwartz explained that XRP would have been … Read more
According to Chainlink’s co-founder Sergey Nazarov, the crypto industry is poised for a bright future. He anticipates this advancement through the arrival of additional crypto Exchange-Traded Funds (ETFs) in the market, which he predicts will occur imminently. More Crypto ETFs To Launch Soon At the Token2049 conference in Dubai, Nazarov spoke with Cointelegraph and shared … Read more
It appears that the persistent drop in NVIDIA’s (NVDA) stock price may signal that the Artificial Intelligence (AI) market is entering a downturn, with some speculating that the “AI bubble” might be popping. NVIDIA Business Model Disrupted Business executive Bryan Beal expressed his perspective on X, emphasizing that the AI boom is not coming to … Read more
On Saturdays, the cryptocurrency market showed stability with only minor fluctuations, defying expectations after the fourth bitcoin halving was carried out successfully. The majority of significant coins, including Dogecoin, have been exhibiting a consolidation pattern recently, suggesting no definitive control from buyers or sellers. However, the fact that Dogecoin’s price remains above the 50% mark … Read more