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ChatGPT, the artificial intelligence bot seems to know the value that Bitcoin holds and commands in the financial sector. A Bitcoin maxi who provides educational materials for new entrants in the cryptocurrency markets asked ChatGPT “How can humanity end central banking?” Surprisingly, ChatGPT explained that one way for central banking to come to an end could be through “decentralized digital currencies,” which sounds more like Bitcoin. The BTC maxi straightforwardly asked, “Which one is it ChatGPT : Bitcoin, or crypto?” The bot replied with “Bitcoin” . Also Read: Here’s How Bitcoin Could Fare in February 2023 Bitcoin was created by Satoshi Nakamoto after the 2008 financial crisis to safeguard investors from central institutions. The AI also stressed in one of its answers that “decentralize finance” could be another option to end central banking. “You’re not going to believe this, but I just ...

Shiba Inu (SHIB), one of the most popular Ethereum-based ERC-20 tokens and the second largest dog-inspired meme coin by market capitalization after Dogecoin, has come off the boil on Monday. SHIB/USD was last changing hands just over 3.5% lower on Monday in the mid-$0.000011s, now down about 10% from earlier monthly peaks near the $0.000013 level. Broad downside in crypto markets and across risk assets in the traditional finance space amid caution ahead of a massive week of macro risk events (including Fed, ECB and BoE meetings plus US jobs, ISM and Consumer Confidence data) is the main factor weighing on SHIB on Monday. But the crypto token is still on course to have gained a massive more than 43% this month, which would be its best month since October 2021, when it rocketed a stunning 830% higher. Where Next For SHIB? Since Shiba Inu’s break above its 200-Day Simple Moving Average (SMA) earlier this month – the first sustained break above this level sin...

Join Our Telegram channel to stay up to date on breaking news coverage Gala (GALA) managed to break past last week’s consolidation below $0.05 when it entered the weekend with a rush to close Saturday’s trading session with a high of $0.06. The uptrend was sustained through Sunday as bulls led the GALA market. At the time of writing, GALA price was trading at $0.06, up 5.18% on the day and recording a 24-hour trading volume of $474.9 million. With a live market cap of $$13.2 million, the GALA token ranked #91 on CoinMarketCap. Gala Games Heats Up For 2023 The Gala Games ecosystem started the year with steam, unleashing news upon news that has sparked excitement within the GALA community. Something is cooking over here in Games, along with @GoGalaFilms and @GoGalaMusic! Make sure to check it out! Goes into the whole $GALA ecosystem and so much more! https://t.co/ZSYvLkqrJY pic.twitter.com/dxKpFqEylI — Gala Games (@GoGalaGames) January 28, 2023 Based on ...

Bitcoin Mining Network Hits New Record Hash Rate According to Bitcoin mining data tracking website MiningPoolStats, Bitcoin’s hash rate hit a new record high earlier this week. According to the website, the network reached the milestone of computing three hundred quintillion (300,000,000,000,000,000,000) hashes per second (300 EH/s). Bitcoin’s hash rate is viewed as a proxy of the processing power allocated to securing the Bitcoin network by its army of miners. A rising hash rate is viewed as a sign of network adoption, as well as that the network is growing more secure. The achievement was separately confirmed by Bitcoin mining company Braiins. They defined the real-time network hash rate as “the estimated total network hash rate based on API-reported hash rate values for all mining pools and estimated hash rate values based on blocks found for miners and pools who are not reporting their real-time hash rate”. One Twitter user responded with ...

Join Our Telegram channel to stay up to date on breaking news coverage Fantom (FTM) price continues to display strength leading the gains in the crypto market on late Thursday and during the early Asian trading hours on Friday. The token of the smart contracts-based decentralized finance (DeFi) platform is up 13.55% in the past 24 hours and 56.5% over the past week. FTM has so far recorded 135% gains since the beginning of 2023 to the current levels.  Top Crypto Gainers Source : CoinMarketCap The growth in Fantom price has been linked to the recent announcement by the Fantom Foundation that it has collaborated with Axelar to provide interchain communication for the network and its Web3 ecosystem. With these fundamentals coupled with the technical setup, it is expected that FTM’s value would continue growing. Fantom’s Partnership With Axelar To Send FTM Ballistic Fantom described itself as a safe, secure, and scalable smart contracts platform that is design...

Tesla’s latest balance sheet shows the company’s bitcoin holdings worth $184 million. Tesla did not sell any digital assets in the fourth quarter of 2022 despite the crypto winter and contagion in the crypto ecosystem. Tesla’s Digital Assets Valued at $184 Million Tesla Inc. (Nasdaq: TSLA) released its earnings results for Q4 2022 on Wednesday. The company’s balance sheet shows net digital assets of $184 million, down from $218 million in the previous quarter. According to its other financial statements, no digital assets were bought or sold during the fourth quarter. Tesla’s Q4 2022 balance sheet. Source: Tesla Inc. The electric car company’s digital assets comprise mostly bitcoin. The reduced value of its crypto holdings is due to fluctuations in the price of BTC, which led to an impairment charge of $34 million. At the time of writing, bitcoin is trading at $23,087; it fell from about $47.8K to around $16.6K during 2022. Tesla has not re...

According to the year-to-date asset return report by Goldman Sachs, Bitcoin is their best-performing asset of 2023. The development follows what was a horrendous year for the cryptocurrency sector in 2022, with the number one crypto surpassing some of the largest assets in the financial sector. The results of the Goldman Sachs report noted the comparative status of the asset. Moreover, the metrics have divulged Bitcoin’s superiority over the likes of the S&P 500, gold, real estate, and even the Nasdaq 100. JUST IN: Goldman Sachs names #Bitcoin best performing asset of 2023. — Watcher.Guru (@WatcherGuru) January 25, 2023 Bitcoin Tops Goldman Sacs 2023 Assets The year 2022 will undoubtedly be remembered as one of the worst years in the cryptocurrency industry. Marred by bankruptcies and plummeting prices brought on by macroeconomic and industry factors. The year sported what felt like an endless “crypto winter”. Despite all of that, ho...

Source: Tupungato/Adobe Police in Barcelona, Spain, have arrested five men after a gang tried to storm a crypto company “armed with taser guns and zip ties.” Per El Caso, officers belonging to the Mossos d’Esquadra – the Catalonian police force – swooped after the alleged would-be thieves were intercepted by the company’s owner.  The owner stepped in as the gang was attempting to bind and gag the concierge of the building where the company’s offices are located. Police said the incident took place in the afternoon of January 14. They explained that one of the gang had posed as a client with an appointment at the company to “gain access to the offices.” But when they were met with resistance, a struggle broke out as they tried to gain entry. Company workers then notified the company’s owner. The owner then called the police and attempted to apprehend the gang.  The thieves then, the police continued...

Short-term and long-term investors alike are back in the black with Bitcoin undecided on where to go next. Bitcoin (BTC) traded sideways at the Jan. 24 Wall Street open with analysts at a loss over where price would go next. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price holds below key resistance Data from Cointelegraph Markets Pro and TradingView tracked a day of consolidation for BTC/USD, which continued to linger near $23,000. The pair saw little reaction to the start of trading, including technical problems at the New York Stock Exchange, while United States macroeconomic data also failed to change the status quo. Bitcoin thus lacked direction after establishing a narrower trading range on Jan. 20. “ Bitcoin couldn't break through a crucial resistance at $23.1K,” Cointelegraph contributor Michaël van de Poppe summarized. “If we continue to make LHs, we'll probably test and sweep around $22.3K before continuation. Grants some serious buying opportuni...

Join Our Telegram channel to stay up to date on breaking news coverage According to the most recent data, mining bitcoin has never been more difficult. After registering a remarkable spike of over 10% on January 15, the network’s mining difficulty reached a new all-time high of 37.59 trillion hashes, the largest jump since last November—the only time in 2022 when mining difficulty grew by a double-digit percentage. In addition to having a high mining difficulty, data from CoinWarz reveals that despite briefly falling after Terra’s collapse in May 2021, Bitcoin’s hash rate, which is best described as the network’s processing capacity, has been gradually increasing over the last three years. Bitcoin’s hash rate peaked on January 6, 2023, at 361.20 EH/s (ExaHashes per second). When combined, hash rate and mining difficulty show a robust and expanding network. Nevertheless, there have been a lot of recent indications that the mining industry...

U.Today has reported that one anonymous user has purchased 850 billion SHIB ahead of the highly-anticipated Shibarium beta launch. With the Layer-2 protocol on the horizon for the meme coin, some members of the SHIB Army are opting to add more of the token to their cryptocurrency asset stash. The purchase was originally reported on Twitter by user @needazar, who shared a screenshot of a successful purchase involving nearly 850 billion SHIB. The transaction showed the user paid just over $9.2 million in USD for the digital assets. #Shibarium around the corner 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 pic.twitter.com/Z0BUbkka3M — Ali Needazar™ (@needazar) January 22, 2023 Although many assumed the original poster was behind the transaction, he quickly disputed the claim, according to the initial report. Stating that it was not he who purchased the massive amount of Shiba Inu, but anoth...