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AI’s energy consumption concerns echo Bitcoin mining criticisms, says Heatbit founder

Artificial intelligence (AI) and machine learning (ML) are demanding huge amounts of computing resources as interest in the space grows, but conventional Bitcoin (BTC) miners are not jumping on the bandwagon just yet.Speaking to Cryptox journalist Joe Hall at Web Summit 2023 in Lisbon, Portugal, Heatbit founder Alex Busarov believes

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Funding rates echo $69K BTC price — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week still riding high near $37,000 as macroeconomic data returns to the fore.The largest cryptocurrency continues to circle its highest levels in 18 months, with excitement over a possible exchange-traded fund (ETF) approval in the United States driving sentiment.That is getting increasingly greedy, however, as

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Binance’s zero-fee Bitcoin update could echo March downturn

Binance cryptocurrency exchange announced its intention to modify its zero-fee Bitcoin trading program on Aug. 24. This action has the potential to initiate a significant market downturn, reminiscent of the 90% trading volume decline observed following Binance's discontinuation of zero-fee trading in March.In an official statement, cryptocurrency exchange Binance unveiled

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‘Looks Bad’ — Bitcoin Futures Echo Days Before March Crash, Says Trader

Bitcoin (BTC) futures were worrying analysts on July 10 as volume data suggested serious weakness and the potential for a major pullback.Uploading a weekly chart of CME Group’s Bitcoin futures to Twitter, Cryptox Markets analyst filbfilb did not mince his words describing the current climate.Filbfilb: BTC futures “almost identical” to

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