AI tokens' recovery highlights market sensitivity to regulatory news, underscoring the volatility and investor sentiment in the tech sector.
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Mining revenues hit 12-month lows in August, according to Bitbo.
Energy rivalry between Artificial Intelligence and Bitcoin mining is heating up. As tech firms improve AI, they compete with Bitcoin miners for energy. This competition reshapes US energy consumption, as both sectors have driven unprecedented electrical demand. Related Reading: Elon Musk Wins Legal Battle Over $258 Billion Dogecoin Price Manipulation AI data centers are leading […]
Crypto miners are moving away from debt and embracing stock dilution to fuel their AI and HPC ambitions, but the payoff is still uncertain.
Bitfarms assumes control of its first U.S. mega-site, marking a significant expansion in its power capacity and mining operations.
Framework Ventures, Lightspeed Faction, Arrington Capital, and Hivemind Capital, along with Microsoft’s M12 Ventures and OKX Ventures, backed SxT Labs’ Series A round.
According to data from SMR Nuclear, nuclear energy plants produce 441,398,880 megawatt-hours of energy throughout their lifetimes.
Fetch.ai is opening an Innovation Lab in San Francisco for early-stage startups working with AI agents.
Victor Miller entered the race and now uses a nickname to distinguish himself from the “Virtual Integrated Citizen, The Official Robot” he says is on the ballot.
Ethereum co-founder Vitalik Buterin has just paid around $500 to register a new Ethereum Name Service (ENS) domain name called "dacc.eth."
Ethereum co-founder Vitalik Buterin has just paid around $500 to register a new Ethereum Name Service domain name called “dacc.eth.”
Dek: AI-powered websites allowing users to create nonconsensual nude photos of women and girls were visited 200 million times in the first half of the year.
Crypto VC giant a16z claims the AI legislation will “burden startups because of its arbitrary and shifting thresholds.”
The NYDFS is recruiting a policy specialist to address key crypto, DeFi, and AI issues within financial services.
The program will be open to a limited number of participants initially but will expand at a later date.
The two companies face antitrust probes in the US and EU over their partnership.
The two companies face antitrust probes in the US and EU over their partnership.
Render investors and traders continue their sell-off, following the broader market’s bearish attitude. After weeks of continuous bullish action, CoinGecko data shows that the market is down a few percent, translating to losses in the altcoin market. Related Reading: Crypto Watch: Why Today’s FOMC Meeting Is The ‘Most Important Of Your Life’ Although the environment brought gains to a number of tokens, it dragged several tokens, like Render, to the ground. The latest market data shows that the latter is down in almost all timeframes, with the biggest loss in the monthly timeframe at nearly 25%. This presents a big question to investors and traders whether Render will continue its downward spiral. Big Things Coming For Render Jensen Huang, CEO and Co-founder of NVIDIA, recently spoke at SIGGRAPH 2024 about the effects of accelerated computing and generative AI on different industries. He also briefly mentioned the company’s jump in computer graphics saying that “it was the best decision” the company made. Almost like NVIDIA, Render’s framework as a provider of decentralized graphics and computing resources places the platform in a unique position in the world of AI. When asked about the AI revolution which started in 2022, Huang said: “[And] this is really the revolutionary time that we’re in. Just about every industry is going to be affected by this just based on some of the examples I’ve already given you.” This just shows how the broader industry is pivoting towards supporting the development of AI, thus providing a bullish signal for investors on Render as the latter’s nature as a provider of computing resources makes them valuable for the AI space. Key moment from today’s #SIGGRAPH2024 fireside with Jensen Huang and Lauren Goode: Q. Where do you draw the line between AI is augmenting and helping [artists] and this is replacing certain things that we do?https://t.co/muYWEq586d A. “These tools help us be more productive.… — The Render Network (@rendernetwork) July 30, 2024 And traditional finance institutions recognize this potential at the crossroads of AI and crypto. Asset management firm Grayscale launched its first decentralized AI fund in the early half of this month, featuring the likes of RENDER, TAO, FIL, LPT, and NEAR. With Render’s providing a valuable resource to anyone who needs computing power, their market position remains secure despite facing substantial downturns this month. More Bearish Pressure In The Offing? As it currently stands, the token’s position is quite shaky as it might push the token to lower lows following the general trend it has had since May. If the downward trend continues, the bears might push the crypto to January 2024 levels, wiping out the token’s year-to-date gains. Thus bulls should consolidate and gain control of the $6 support before any attempt upward. Related Reading: Can Bitcoin Cash (BCH) Go Up 680% This Week? This Analyst Believes So But the token’s volatility might work in the bull’s favor. The current market environment is still mostly bullish, mostly by the fact that the major cryptocurrencies are in a rally, pulling the market upward. This greedy mood counters the bearishness of the current market correction, putting more emphasis on long-term gains rather short or medium-term increases. Investors and traders should then monitor the market for long-term opportunities that will support the movement of the altcoin. Featured image from Pexels, chart from TradingView
Hyperbolic's blockchain-based cloud platform aims to make AI affordable to startups, researchers and builders squeezed by surging GPU prices.
BTC price rallied as an improved regulatory outlook in the US and a series of improvements in the Bitcoin ecosystem altered investor expectations.
The Nigerian government has launched an annual training program for 1,000 citizens in AI and blockchain to position Nigeria ahead of global economies and foster innovation.
A new European Investment Bank report highlights the need for increased innovation financing in the EU to maintain tech leadership and compete globally in key sectors like AI and emerging technologies.
Bitcoin miner IREN (formerly known as Iris Energy) is the latest crypto mining company looking to profit from the artificial intelligence market boom, according to its July 23 Analyst & Investor Day presentation. The planned presentation shows that the firm will launch a GPU pilot at its Childress site in Prince George. This follows the […]
The post Bitcoin miner IREN ventures into AI with GPU pilot and Morgan Stanley’s guidance appeared first on CryptoSlate.
SingularityNET's investment in modular supercomputing could accelerate AGI and ASI development, challenging Big Tech's dominance in AI.
The post SingularityNET to invest $53 million to advance AGI, ASI with world’s first modular supercomputer appeared first on Crypto Briefing.
As Bitcoin mining firms turn toward the expanding field of artificial intelligence (AI), the terrain of data centers is changing underfoot. These companies are now reallocating their large resources to accommodate AI workloads, therefore ushering a new age in data infrastructure, confronted with declining returns and growing operational issues. Related Reading: Crypto Mining In Russia: […]
What’s behind the correction in the US stock market and how might it continue to negatively impact cryptocurrencies?
Hurting for revenue and profit, bitcoin miners are looking to activities outside mining bitcoin, such as hosting AI computers, to make up the difference. It's paying off, at least in their stock prices.
Chainbase's aim is to provide unbiased and transparent data that is not controlled by a small number of dominant companies.
A bipartisan group of US senators has proposed the Content Origin Protection and Integrity from Edited and Deepfake Media Act (COPIED), in a historic action to counteract the growing use of artificial intelligence (AI) deepfakes. Related Reading: Crypto Craze: Republicans See Digital Currency Shaping 2024 Elections — Survey Under direction by Senators Maria Cantwell (D-WA), […]
AI's utility is more obvious to everyday people than crypto's, and AI's risks are so much greater that power consumption fears seem beside the point.