Category Archives: Crypto News

Argentina Plans for National Digital Currency as Peso Declines, Volcano Energy Begins Operations of Lava Pool While recent developments have left the Argentine peso floundering, the country has plans on the table to launch its own digital currency, according to Economy Minister and presidential hopeful, Sergio Massa. This move, which is part of Massa’s politicalContinue reading “Unveiling Argentina’s National Digital Currency amid Sinking Peso: Latam Insights Plus Volcano Energy’s Lava Pool Launch”

The Power of Gold-Backed Tokens in Zimbabwe In a remarkable development in the Zimbabwean financial technology landscape, the nation’s central bank has endorsed the use of gold-backed digital tokens for settling domestic transactions. The central bank governor, John Mangudya, further expressed his confidence in these tokens’ ability to act as a tool of value preservation.Continue reading “Zimbabwean Central Bank Approves Gold-Backed Digital Tokens as a Payment Method”

Openai, Chatgpt’s Developer, Pondering Over Its Own Powerful AI Chip Openai, the main force behind the development of Chatgpt, is reportedly weighing its possibilities to tackle the ongoing chip shortage issues affecting its artificial intelligence (AI) product’s performance. The company has reportedly considered building its own high-performance processor amidst this crisis. Openai Considering In-house AIContinue reading “OpenAI, Creator of ChatGPT, Considering Production of Unique AI Chips, Reports Reveal”

Renowned Investor Charlie Munger Dismisses Most Cryptocurrencies As Bound To Worthlessness Warren Buffett’s confidant and the Vice Head of Berkshire Hathaway, Charlie Munger, holds the perspective that the bulk of investments in cryptocurrencies will ultimately yield no value. Speaking about Bitcoin specifically, he stated: “It is the most unwise investment I’ve ever encountered.” Munger isContinue reading “Berkshire Vice Chair Charlie Munger Predicts Majority of Crypto Investments Heading for Zero”

Joe Rogan Puts Bitcoin Forward as a Possible Universal Currency A recent episode of Joe Rogan’s popular podcast saw him converse with Sam Altman, the CEO of Openai. The conversation took several interesting twists and turns, including discussions on artificial intelligence (AI), the controversy surrounding the FTX, and the topic that caught Rogan’s attention: Bitcoin’sContinue reading “Joe Rogan Considers Bitcoin as Leading Candidate for a Universal Viable Currency”

Security Breach at Social On-Chain Platform Stars Arena In a recent unsettling development, Stars Arena, a popular social on-chain platform that utilizes the Avalanche blockchain network, experienced a substantial security breach. The breach resulted in the loss of a whopping $2.9 million due to a glitch in the system’s smart contracts. The team at StarsContinue reading “Stars Arena On-Chain Social App Endures $2.9 Million Hack – Team Safeguards Funds for Gap Closure”

Non-Fungible Token Sales Witness Persistent Downtrend For an unbroken stretch of seven weeks, the sales of non-fungible tokens (NFTs) have continued to dwindle. The past week’s transactions amounted to a meager $66.11 million, demonstrating a decrease of 11.65% compared to the figures from the week before. The Continual Seven-Week Slump in NFT Sales In contrastContinue reading “NFT Market Struggles Continue with Persistent Decline in Sales”

The Balance Continues: Bitcoin Reflects Market Equilibrium According to Fear and Greed Index On the 8th of October, 2023, the cost of Bitcoin hovered just shy of the $28K mark, representing a 2.6% increase compared to the previous week. Currently, the Crypto Fear and Greed Index (CFGI), a significant indicator, stands at a “neutral” 50Continue reading “Bitcoin Hovers in a Neutral Phase as Fear and Greed Index Indicates Market Stabilization”

Bitcoin’s Staggered Pace: A Look at the Ebbing Trend of Ordinal Inscriptions Since September 25, 2023, a notable drop in Bitcoin-based Ordinal inscriptions can be observed, reaching its lowest since mid-April. Partcularly over October 3 and 4, less than 17,000 inscriptions were imprinted on Bitcoin’s decentralized ledger, with a significant dip in both, the volumeContinue reading “Bitcoin’s Ascend and Pullback: The Latest Ordinal Inscription Wave Recedes”