Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is creating jobs, boosting revenue, and funding essential services. With over $ 1 billion in investments, bitcoin …
Hashkey Capital, one of Asia’s largest venture capital firms specializing in Web3 and cryptocurrency, has released its sector analysis for the first half of 2024. The report covers significant technological advancements across multiple blockchain sectors, with a strong focus on Ethereum, account abstraction, and developments in decentralized finance (defi). Hashkey Capital’s Report Warns of Block […]
A researcher from 21shares has offered an analysis of how bitcoin’s price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are likely tied to labor market trends, could lower borrowing costs, potentially boosting the cryptocurrency market. Bitcoin’s […]
In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve’s recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious. Bitcoin Reclaims Short-Term Cost Basis According to Glassnode, bitcoin’s price has risen above […]
Albert Castellana, co-founder and CEO of Yeager.ai, believes artificial intelligence (AI) can propel blockchain-based applications beyond simple, static contracts. AI integration unlocks “much more subjective decision-making,” opening doors to entirely new use cases, he argues in written responses to Bitcoin.com News questions. Risks Associated With Centralized AI Models Castellana said he envisions developers creating applications […]