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Bitcoin (BTC) is on target to end the week with gains of about 6%, indicating continued demand from the bulls. MicroStrategy co-founder Michael Saylor said during a speech at the 2023 Australia Crypto Convention on Nov. 10 that Bitcoin’s demand on a monthly basis could surge between two to 10
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The Graph observes several large transactions worth at least $100,000, leading to a nine-month high in overall whale activity as social volume sees a massive upswing. Notably, on Nov. 6, GRT recorded an intraday figure of 149 transactions worth $100,000 and above for the first time in months, according to Santiment. In
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"Artificial intelligence holds extraordinary potential for both promise and peril," read the order. "Responsible AI use has the potential to help solve urgent challenges while making our world more prosperous, productive, innovative, and secure ... Irresponsible use could exacerbate societal harms such as fraud, discrimination, bias, and disinformation; displace and
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Today's result follows Nvidia's blowout first quarter results from last May which revealed an extremely bullish outlook for revenue tied to AI. This sentiment, coupled with increasingly AI mainstream reach with the likes of OpenAI’s ChatGPT, spilled over onto AI-related cryptocurrencies, sending them soaring, even though they've fallen back over
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Miners like Applied Digital (APLD), Iris Energy (IREN), Hut 8 (HUT) and Hive (HIVE) have already started to revitalize their data centers to accommodate AI and other computing services as mining has become less profitable during the prolonged bear market. As investors have also been rewarding the shares of some
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Other AI-related tokens also surged on Thursday with decentralized AI marketplace, SingularityNET rising 15%. Original Source
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The month of February was filled with investors’ hope that an earlier-than-expected Federal Reserve policy pivot would occur, but this sentiment faded as the inflation and employment data came in hotter than expected. While the start of the month was bullish for the crypto market, Bitcoin (BTC) retraced 60% of
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The Graph (GRT) price slipped on Feb. 8 alongside a broader correction across the top crypto assets.GRT price skyrockets with other data management tokensGRT’s price plunged nearly 14.5% intraday to $0.18, showing signs of short-term upside exhaustion after rising over 200% earlier in the year. At its sessional high, the
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The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 7, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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Some analysts also attributed GRT’s rally to its link to Artificial-Intelligence (AI) related tokens, which have been surging recently due to the ChatGPT effect. CoinMarketCap’s rankings of the “most valuable AI and big data crypto projects and tokens” currently has The Graph as the leading platform in market capitalization. According
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