ChatGPT is a powerful new artificial intelligence (AI) tool, capable of problem-solving, advanced coding, answering complicated questions and now spelling out the end of fiat currencies. Parman, a Bitcoin self-custody mentor and writer, taught ChatGPT that Bitcoin (BTC) would bring about the end of government-issued fiat currencies and shared the results in a Twitter thread. You’re not going to believe this, but I just Orange Pilled #ChapGPT. It is now a Bitcoiner. See this conversation, it’s… Source link

On-chain data shows the Bitcoin exchange whale ratio has surged recently. Here’s what it may mean for the price of the cryptocurrency. Bitcoin Exchange Whale Ratio (72-Hour MA) Breaks Above 85% As pointed out by an analyst in a CryptoQuant post, the BTC whale ratio is rising right now. The “exchange whale ratio” here is an indicator that measures the ratio between the sum of the top 10 Bitcoin transfers to exchanges and the total exchange inflows. Here, the 10 largest transactions… Source link

Bitcoin mining (BTC) is the process of adding transactions to the Bitcoin blockchain, a decentralized public ledger of all Bitcoin transactions. Miners use powerful computers to solve complex mathematical puzzles, known as proof-of-work (PoW), to validate transactions and add them to the blockchain. In return, miners receive newly minted BTC as a reward for their work. The process of mining Bitcoin involves solving a complex mathematical puzzle, known as a hash, using specialized software and… Source link

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Bitcoin (BTC) is seeing new records in network activity as volatility sends BTC price action to fresh five-month highs. Data from resources including MiningPoolStats confirms that Bitcoin’s hash rate hit new all-time highs on Jan. 26. Hash rate passes 300 EH/s threshold In another example of Bitcoin’s blitz recovery from the pits of post-FTX woes, network hashing power is now bigger than ever. Hash rate, which is an expression of the processing power dedicated to the network by miners, is… Source link

Aave Stablecoin Expected to Boost Revenue Aave, the largest decentralized lending protocol, is expected to launch on Friday the latest version of its software on Ethereum, a move that will pave the way for its stablecoin, GHO. AAVE token holders must approve the move in a vote that ends Wednesday at 5 p.m. New York time, though the measure is expected to pass. Fewer than a tenth of one percent of votes cast were in opposition on Tuesday evening. Kuchelov Interview In an interview with The… Source link

Top Story Layer 1 blockchain Aptos’ token, which has been surging since the start of the year, broke an all-time high on Wednesday. This article originally appeared in Crypto Markets Today, CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Subscribe to get it in your inbox every day. The token, APT, hit new record highs and is up 427% since Jan. 1, according to CoinDesk data. APT was more recently changing hands at $18.30, a more than 46% gain over the past 24… Source link

While MAS is considering requirements for risk disclosures for lending and staking, the regulator seems to be leaning towards outright prohibition, Nizam Ismail, CEO of Ethikom Consultancy and chairman of the regulatory and compliance sub-committee for the Blockchain Association of Singapore, told CoinDesk. “By putting in place blanket bans, Singapore-based platforms would be disadvantaged in not being able to offer these features,” Ismail said. Source link

Bitcoin investors’ sentiment improved after signals pointing to lower inflationary pressure suggested that the U.S. Federal Reserve could soon move away from its interest rate increase and quantitative tightening. Commonly known as a pivot, the trend change would benefit risk assets such as cryptocurrencies. On Jan. 22, the China-based peer-to-peer trades of USD Coin (USDC) reached a 3.5% premium versus the United States dollar, indicating moderate FOMO by retail traders. This level is the… Source link

That new beginning, crucially, is starting from a stronger baseline thanks to the wave of COVID-19 pandemic-driven education and enthusiasm, despite the wave of frauds that closed out the last bull. Bitcoin hit a local bottom of just under $16,000 back on Nov. 9, 2022, which, despite the huge drawdown from late 2021 highs, was still 66% up from prices as recently as September 2020. Source link