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Wood’s enthusiasm for the two exciting aspects of technologies prove how rapidly the landscape of the crypto and Artificial Intelligence sectors are evolving. The tweet also showcases the Bitcoin Br AI nstorm Podcast by Ark Invest and Blockch AI n Park featuring Cathie Wood to discuss the building and scaling of Bitcoin .  advertisement What Is The Basis For Cathie Wood’s Sentiment? Supporting Wood’s bullish sentiment is a research paper by ARK Invest called “Investing In Artificial Intelligence.” The research paper serves as a strong indication that both Cathie Wood and Ark Invest are actively considering the implications of AI in their investment strategies. Over the years Cathie Woods has invested in a number of A.I related stocks showing her belief in the rising technology. Apart from the rising technology, Cathie Wood’s interest in Bitcoin is evident with the ARK Invest Bitcoin ETF developments. Apart from Bitcoin,...

Whale Alert brought to light that a dormant address containing 1,005 BTC was activated recently after a period of almost 12.8 years. The coins were worth around $29.75 million when they were moved. The address paid 0.00004013 BTC [$1.18] as a fee to execute the transaction. The address was created in 2010, and these coins were mined a year after Bitcoin’s birth. The coins were valued at $328 in 2010. Commenting on the movement of the 1005 ‘virgin’ Bit coins , Blockchain Researcher Kirill Kretov posted on LinkedIn, “That is quite a remarkable awakening that we see lately, not only by the date of creation but also by the amount that has been transferred.” Such transfers are usually not welcomed by the people because they perceive that an influential holder has lost confidence and intends to liquidate holdings. Diamond hands selling the asset have triggered market sell-offs in the past. Keeping the optimistic door open, and laying out an...

Peter Schiff and his New Bear Rationale  In his opinion, “rallies end when the lowest quality stuff finally participates” noting that there’s no lower quality than crypto.”  advertisement Until recently the rally in highly speculative assets excluded # Bitcoin . Now that Bitcoin has finally joined the party, perhaps it's a sign that the party will soon end. Usually rallies end when the lowest quality stuff finally participates. There's no lower quality than #crypto. — Peter Schiff (@PeterSchiff) June 23, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read ...

Bitcoin (BTC) has just completed an inverse head and shoulders pattern in the daily chart. The pattern, upon completion, signals a potential price trend reversal. The pattern is made of a peak (shoulder), followed by a higher peak (head), and then a lower peak (shoulder). In the case of BTC, it could mean that the original crypto falls down to the $25k level. It should be noted that veteran trader Peter Brandt saw the signs of a head and shoulder pattern emerging on Bitcoin’s (BTC) daily chart yesterday. However, the asset has since completed the pattern. A head and shoulders should be taken seriously if it is completed $BTC pic.twitter.com/n5ZiLasmUC — Peter Brandt (@PeterLBrandt) May 11, 2023 BTC fell below its previous support at around $27K and is heading towards fresh support at around $25K. The $25K level was previously tested in Mid-March, February, and August 2022. There is also the possibility that BTC falls below $25K, and hovers somewhere between $25K and $2...

Over the past day, several users took to Twitter to reveal that one of China’s most popular social media applications, Douyin has started displaying Bitcoin price in real-time. Douyin is China’s version of TikTok. Posting a screenshot of the same, Tron founder Justin Sun recently tweeted: #Bitcoin price is now live on Douyin 抖音 （@ tiktok _us in China） pic.twitter.com/sgvdn70LQr — H.E. Justin Sun 孙宇晨 (@justinsuntron) April 10, 2023 According to Statista, the video-based social networking platform boasted a total of 730 million monthly active users in its home country as measured in November 2022. Parallelly, according to Business of Apps, Douyin had around 780 million annual daily active users in 2022. As tabulated below, the figure has seen a significant rise over the years. Source: Douyin Also Read: 80+ Crypto Firms Eyeing Hong Kong As a Foundation Base The latest development seems to be fairly unconventional, given China’s harsh stance towards crypto. Over the ...

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 ...

The crypto currency industry has been subject to increased criticism for its energy consumption. This isn’t limited to crypto currency mining alone, as transactions related to the industry also get their fair share of backlash. While several have been coming up with sustainable ways to employ crypto currency, it doesn’t seem quite enough. As Bitcoin [BTC] continues to leave behind high carbon footprints, Dogecoin [DOGE] was turning a new leaf in this arena. Recent research from Forex Suggest revealed that Dogecoin ’s carbon emissions dipped by 25% in one year. The asset released 1.423 tons of emissions back in 2021. This dropped to 1,063 tons in 2022. Source Additionally, Polygon [MATIC] and Bitcoin Cash [BCH] were right behind Bitcoin in terms of high carbon emissions. While BTC uses 1,183.58 kWh per transaction, Polygon and Bitcoin Cash use 90.18 kWh and 18.96 kWh respectively. Dogecoin , on the other hand, employs only 0.12 kWh. Ethereum [ETH], followin...

The market’s crypto assets had quite a dull weekend, and so did Bitcoin. Over the past day, the BTC’s valuation noted a net 0% change and was priced at $16.75k at press time. Over the past 7 days, however, the $322.49 billion market-capped asset noted a 1% downward deviation. Source: CMC Leaving aside the short term, the state of affairs has similarly been monotonous over the mid-term too. It has been more than 6 months since the returns of the average active 5-year traders have been hovering in the negative territory. Data from Santiment revealed that this metric is currently hovering around a historically low level of -34%. As illustrated below, the MVRV [Market Value to Realized Value] Ratio stepped into the negative return territory on June 9, 2022, and has been hovering there ever since. At the first glance, the number might seem to be discouraging, but when viewed from the other perspective, it implies that this set of participants has no incentive to sell ...