Nik Pash, a coder working for OpenAI, wanted to test just how good AI had become last week. He thus created an AI bot and instructed it to start trading with $50,000 worth of crypto. Once the final profit was $1,000,000, the AI bot would be allowed to stop. After a user on X requested money, […]
Unless we see a rapid bull run of more than 15% in the last week of this month, Bitcoin is bound to close February negatively. That would thus be the fifth consecutive month of declining prices. The last time we saw such a move, it was practically the end of the decline. Will that be […]
You probably saw it on some social media channel this week. In Ichikawa, Japan, a baby macaque was abandoned by its mother earlier this month. Because the zoo staff didn’t want the young monkey to die of loneliness, they gave it a plush toy monkey from Ikea so it could cling to its fur. The […]
A growing number of companies that purchased billions of dollars’ worth of Bitcoin in recent years are facing growing investor complaints. After Strategy in the United States saw tons of investor critique, it’s now Metaplanet’s turn in Japan. In early 2024, the company copied Strategy’s playbook and began buying Bitcoin (and borrowed money to do […]
The Austrian financial regulator FMA is immediately prohibiting KuCoin EU Exchange GmbH from onboarding new customers. The reason: the company no longer has the required officers for anti money laundering and counter terrorism financing in place. It is a painful setback for the crypto exchange, which only recently obtained a MiCAR license through Austria to […]
Google Trends is a section of the Google website where you can see what’s currently trending in global internet searches. Judging by this week’s news, that was likely the arrest of (former) Prince Andrew in the UK and the Winter Olympics in Italy. Also trending is the question whether Bitcoin is dead. The answer is […]
Michael Saylor isn’t letting this Bitcoin bear market faze him. Whether Bitcoin falls further or not, he’s not changing tack. With his company Strategy (formerly MicroStrategy) he bought Bitcoins again, this time for approximately $168.4 million, at an average price of $67,700 per Bitcoin. Strategy now owns 3.4% of all Bitcoins in circulation. Hero Until […]
Historically, a weak dollar used to be good news for Bitcoin. That’s because the largest digital currency is quoted in dollar terms. A weak dollar was also good news for oil prices and other dollar-denominated assets. However, this all changed for Bitcoin last year. That’s because the currency market is experiencing unprecedented turbulence. Global investors […]
We’ve heard plenty of Bitcoin doomsday scenarios in recent weeks, but what Mike McGlone, the crypto expert at Bloomberg, predicts is truly record-breaking. He thinks Bitcoin could fall to $10,000, simply because he’s convinced the US stock market is too high and that the bursting of the AI bubble could trigger a recession. If Bitcoin […]
The Midterms are coming. These are the elections held every four years in the United States in between presidential ones. This time, Trump seems to have to choose between crypto and Wall Street as a sponsor for his election campaign, as the two industries haven’t meshed well since the expansion of stablecoins. Emotions are running […]
