Daily Archives: May 24, 2023

The Bitcoin network is secure. Like, really secure. For now, anyway.

The amount of computing power crunching numbers to keep the network operational makes it nearly impossible for any central entity to overrun it.

The most prominent of all decentralized networks achieves this degree of security by rewarding competing miners all over the world with bitcoin block rewards for guarding it from attacks.

This block subsidy diminishes through halvings that take place every 210,000 blocks, or approximately four years. Eventually, miners wont receive a subsidy at all, but will instead rely strictly on transaction fees for their revenues.

But what if the fees arent financially rewarding enough to attract miners? If they decide its not worth securing the network, couldnt the whole system fall apart?

Founder of Lyn Alden Investment Strategy, Lyn Alden, and CIO of Selini Capital, Jordi Alexander, spoke to Blockworks about the conundrum on the Empire podcast.

The long-term expectation from the beginning, even in Satoshis own words, was that fees eventually would be the primary and eventually only source of revenue for Bitcoin miners, which is important for the long-term immutability and censorship-resistance of the network, Alden says.

The concern, according to Alden, is that Bitcoin block space might not be attractive enough long-term for people to pay a significant amount on a per-transaction basis in order to settle value there or to do other things, in which case the network becomes open to lower-cost attacks.

Alexander argues that, other than the recent blip in traffic, fee income is aggressively trending down. You have to pay security guards to protect you when you have something valuable, and if you start paying them less and less, a lot of them dont show up for work.

And if they dont show up to protect the network, he says, you can have state actors or other actors coordinate, buy a bunch of ASICs or whatever is going to be the technology at the time to start spamming the network or blocking or censoring the network.

Alden suggests the fee model already works as designed and that the network continues to see a gradual increase in adoption, albeit in a cyclical manner. Since early 2023, transaction fees have, in fact, increased. The longer that Bitcoin keeps working and keeps doing what it does, and it keeps being functional and keeps being understood by more and more people, I expect that adoption to increase.

Alexander suggests theres a free rider problem on the network. Somebody just buys a lot and then they just sit on it. They dont do anything. They dont even create fees.

He argues that because many people have settled on the concept of bitcoin as digital gold primarily, a store of value the number of transactions could eventually trend to unsustainably low levels.

Alden counters, saying the network could thrive even with the relatively low number of transactions from people using the network strictly for settlement and savings. If you just assume that five percent of the world in 20 years is going to want to occasionally directly interact with the Bitcoin base-layer, then theres going to be at least some degree of sustained fee market.

With only five percent of the worlds population using Bitcoin occasionally and a base-layer transaction costing the equivalent of $30 in the future, Alden says, Youre talking billions and billions of dollars of annual fees for miners.

The actual ASIC value that you need to buy to even attempt an attack is in the billions or tens of billions at that point.

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Will Fees Alone Keep the Bitcoin Network Secure in the Long Term? - Blockworks

U.S. investment managers have grown bullish about Bitcoins prospects despite recent events that have roiled digital-currency markets, research released Wednesday indicates.

Feeding the renewed optimism are prospects for improved regulation and expectations of a recovery in valuations for Bitcoin, according to the research, in which 30 major investment managers were queried in January by Nickel Digital Asset Management, a London-based hedge-fund manager. The 30 firms collectively manage more than $450 billion in assets.

Some 53% of the surveyed managers indicated they plan to boost investment in digital assets over the next six months, while fully 93% feel Bitcoins valuation will return to the $69,000 levelits all-time highwithin five years. At the same time, none of the investors doubted Bitcoins prospects as a leading cryptocurrency. It is significant that our research shows no investors are questioning Bitcoins future, says Anatoly Crachilov, chief executive and founding partner at Nickel Digital, in a statement.

Bitcoin, along with other cryptocurrencies, tumbled last fall following the collapse in November of the major crypto exchange FTX and the ensuing financial scandal surrounding its founder, Sam Bankman-Fried. Charged with a dozen federal charges related to fraud, Bankman-Fried is awaiting trial in the United States following a not-guilty plea.

Bitcoins value plummeted to $15,000 in the wake of the FTX failure and stood at $26,439 as of early Wednesday, according to coinmarketcap.com. Only in April did the digital currency return to the better-than-$28,000 valuation it had last posted in June last year. It still ranks as by far the largest of the worlds cryptocurrencies by market capitalization, with a more than $500 billion total value for coins in circulation.

But the failure of FTX wasnt the sole cause of Bitcoins headwinds. The collapse earlier this year of three major banks with ties to cryptocurrencySilicon Valley Bank, Silvergate Capital Corp., and Signature Bankalso roiled the market for Bitcoin and other digital assets.

Still, investor sentiment regarding Bitcoin, at least, appears to be rapidly improving. Some 74% of the U.S. investors surveyed by Nickel Digital say investment opportunities in digital currencies are either attractive or quite attractive. The rising sentiment is founded on prospects for increased regulation and recovering valuations, according to the survey, though investors indicated they would like more clarity regarding which regulators have the authority to police the market, according to Nickel Digitals report. Some also feel regulatory agencies in other countries are waiting for the United States to take the lead.

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U.S. Investors Are Optimistic About Bitcoin in the Face of the Coin's ... - Digital Transactions

ChatGPT continues to revolutionize the way financial conversations are conducted, by providing its users with a fast and reliable tool for decision-making.

The synergy between Bitcoin and ChatGPT is evident in how each technology enables the other to reach its full potential. Bitcoin provides an efficient payment system, while ChatGPT enhances conversational capabilities through natural language processing (NLP) technology.

ChatGPTs NLP algorithms can be used to help improve user experience during financial discussions. It understands human behavior patterns as well as underlying market trends, allowing it to generate intelligent insights that can help inform decisions in real-time.

In addition, ChatGPT can be integrated with existing blockchain systems, such as Ethereum or Hyperledger Fabric, which allows for improved security and stability of financial transactions.

The synergy between Bitcoin and ChatGPT is further strengthened when it comes to customer service. ChatGPTs AI-powered chatbot can assist customers with their queries in a fraction of the time taken by human labor, allowing for faster resolution times and better customer satisfaction. It can even use sentiment analysis to detect user emotions, meaning that it can respond appropriately in different scenarios.

Ultimately, this combination of technologies enables users to conduct financial conversations in a secure and efficient manner, all while being informed by accurate insights and backed up by reliable security systems.

By exploring the power of these two revolutionary technologies together, businesses and individuals are sure to benefit from improved communication capabilities as well as enhanced customer service. In short, Bitcoin and ChatGPT offer a powerful synergy that is sure to shape the future of financial conversations.

The potential for this combination of technologies is limitless, and businesses in all industries should take advantage of it. With Bitcoin and ChatGPT powering their financial conversations, they can expect to streamline operations, increase customer satisfaction, and reduce costs. The true power of these two technologies lies in how they empower each other so start exploring today.

Another point of synergy between ChatGPT and Bitcoin is the way in which it can easily break down complex topics like fractional trading and bitcoin halving, as well as whitepapers related to blockchain technology.

For example, if a user wants to learn more about a certain token or protocol, they can ask ChatGPT an open-ended question such as What is the difference between ERC-20 and ERC-721? ChatGPT will then provide a comprehensive explanation which could include definitions of both tokens, how they work, their advantages and disadvantages, and any other relevant information.

This helps users gain a better understanding of cryptocurrency investing without having to strain through pages of technical documents.

By leveraging the power of natural language processing (NLP) and deep learning algorithms, ChatGPT further improves its ability to understand financial questions asked by users. This allows it to provide more accurate and in-depth financial advice tailored specifically for individual portfolios.

A lot of people have been putting a considerable amount of faith is ChatGPT as a money manager and, while, perhaps, still not there yet, it is not unimaginable to consider that one day, investors may be able to have a conversation with ChatGPT that helps them construct the ideal investment portfolio.

As Bitcoin continues to gain in value and acceptance, its inclusion as part of an investors portfolio could become more commonplace. With the assistance of ChatGPT, it might even become possible for individuals to craft their own personalized portfolios based on their individual risk profiles and long-term goals.

ChatGPT can help create customized financial plans tailored to each investors needs. Through intelligent conversations, it can guide users through different options and explain why certain investments may be better suited than others depending on an individuals risk preference and goals.

This provides increased autonomy over ones finances while ensuring guidance is at hand when needed.

As Bitcoin continues to mature, it has the potential to become a key part of investment portfolios. With the help of ChatGPT, investors can receive tailored advice on how best to include Bitcoin in their portfolio and how much to allocate towards it.

This could be particularly useful for those who are new to investing or cryptocurrency and need some direction when figuring out where and how much they should invest in Bitcoin.

By combining the power of ChatGPT with the growing acceptance of Bitcoin, investors have access to an unprecedented level of customized financial guidance that allows them to make informed decisions about their investments with confidence.

Risk analysis refers to the process of evaluating potential investment opportunities. Risk analysis is based on a set of criteria and typically involves an assessment of potential returns, risks, and costs associated with a given investment strategy.

By analyzing the risk factors associated with Bitcoin investing, ChatGPT can help you understand how to best manage your investments in order to maximize return while minimizing risk.

ChatGPT can generate personalized financial advice tailored specifically for your portfolio, but it is important to keep in mind that ChatGPT and its architects acknowledge that AI is not qualified to pick assets.

It can create custom portfolios that reflect unique strategies and optimize for specific preferences such as low-risk or high-returns. Additionally, its capable of generating trading code which allows users to automatically execute trades according to predefined parameters.

For example, someone who is 45 years old and trying to put money away for retirement might ask ChatGPT something like What is the best way for me to invest $10,000? ChatGPT can then generate a portfolio of investments that is customized to this individuals risk tolerance and long-term goals.

This portfolio could include a combination of Bitcoin, stocks, bonds, and other investments.

ChatGPT also offers advice on token risk analysis. It considers factors like market volatility when recommending tokens for investment.

With its comprehensive understanding of the crypto market and vast insights from the blockchain technology it leverages, ChatGPT can offer valuable advice on which tokens you should buy or sell in order to meet your financial objectives.

Its important to recognize that ChatGPT is still in its relative infancy and, therefore, any guidance it is able to provide users should be approached cautiously.

It cannot guarantee a return on investment, or make any promises about the performance of an asset over time. As with any investment, it is important for users to do their own research before making financial decisions.

Ultimately, the potential synergy between Bitcoin and ChatGPT offers investors unprecedented access to customized financial guidance that helps them make informed decisions with confidence.

By leveraging its powerful chatbot capabilities, ChatGPT can generate personalized portfolios tailored specifically for individual risk tolerances and goals.

Additionally, its ability to break down complex topics related to blockchain technology gives users deeper insights into cryptocurrency investments, allowing them to maximize returns while minimizing risks.

With all these features combined, ChatGPT has become an invaluable asset for investors looking to maximize their success.

The synergy between Bitcoin and ChatGPT is undeniable, offering investors the ability to customize their portfolios, take advantage of token risk analysis, and gain a better understanding of complex topics related to blockchain technology.

By combining these powerful technologies together, ChatGPT can revolutionize the way people interact with the crypto market and build long-term financial success.

With its comprehensive understanding of cryptocurrency markets and vast insights from the blockchain technology it leverages, ChatGPT can offer invaluable assistance when it comes to making smart investment decisions and optimizing ones portfolio.

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Exploring the Synergy between Bitcoin and ChatGPT: Empowering ... - Data Science Central

A stunning discovery has sent shockwaves across IT, revealing a fascinating secret inside every Mac computer. Rumors have circulated that a secret Bitcoin (BTC) blueprint exists inside the sophisticated design of Apples famed devices. This mysterious discovery has attracted interest and discussion among Bitcoin fans and technology enthusiasts alike.

The mystery around this hidden Bitcoin blueprint has become a gripping problem, leaving users interested and willing to go further into the world of opportunities with the promise of unearthing a possible treasure trove of digital riches.

In this article, we will explore the secrets buried inside every Mac, shedding light on the nature of this cryptic blueprint and its possible ramifications for the Bitcoin world. Prepare to enter the unknown, where technology and money merge compellingly.

Bitcoin (BTC), the pioneering cryptocurrency founded in 2009 by the mysterious figure Satoshi Nakamoto, works on a decentralized network powered by breakthrough blockchain technology.

Bitcoin, at its foundation, provides a decentralized system that eliminates the need for intermediaries such as banks or governments.

Transactions are made possible through a peer-to-peer network, in which users participate in safe and transparent trades. This is made feasible by the underlying blockchain technology, an open-source code that maintains the transaction historys integrity and immutability.

Bitcoin uses a consensus technique known as proof-of-work to verify transactions and ensure network integrity. Miners compete to solve complicated mathematical challenges by dedicating processing power to the network. Successful miners are rewarded with freshly minted Bitcoins and transaction fees, rewarding their contributions to the networks security and dependability.

Bitcoin may be a digital asset in digital wallets or cryptocurrency exchanges. Each Bitcoin has a market value that changes with market demand, but ownership may be divided into fractional shares, offering prospective investors more access. Satoshi is the name given to Bitcoins smallest divisible unit in honor of its mystery founder.

Using private and public keys is the core of Bitcoins security. Bitcoin wallets produce two cryptographic keys: one for accepting money and one for signing transactions. This combination assures the transactions legitimacy and secrecy, allowing for safe ownership transfers.

The notion of mining is fundamental to Bitcoins functioning. Users may utilize mining to verify transactions and avoid fraudulent behavior. This procedure entails checking the consistency of new transactions with previously completed ones, ensuring the correctness and integrity of the whole transaction history.

Bitcoins meteoric ascent has upended established financial structures and prompted a worldwide shift toward decentralized finance. Because of its transparency and lack of borders, it has attracted a thriving community of fans and investors, defining the future of digital currencies and blockchain technology.

A blueprint in the context of Bitcoin refers to a collection of instructions, concepts, or tactics that may assist newcomers in understanding and navigating the world of Bitcoin and cryptocurrencies. It is a comprehensive framework that covers a wide range of topics, including Bitcoin principles, cryptocurrency fundamentals, blockchain technology, and mining.

A Bitcoin blueprint often explains Bitcoin by discussing its decentralized structure, function as digital money, and possible advantages over existing fiat currencies. It might go into the blockchain, the underlying technology that powers Bitcoin, and how it allows safe and transparent transactions.

A Bitcoin blueprint may also address significant cryptocurrency investment and trading themes. It may include information on how to get Bitcoin, store it in wallets, and engage in safe and responsible trading methods. The plan also emphasizes the significance of recognizing market trends, performing research, and managing the risks of Bitcoin investments.

A Bitcoin blueprint might also investigate the mining idea, which entails verifying and adding transactions to the network. It may describe the mining process, the necessary hardware and software, and the possible rewards.

We go on a digital adventure to discover the road to the mysterious Bitcoin Whitepaper lurking beneath the bowels of your Mac. Prepare for an intriguing experience led by Finders blue and white happy face emblem.

Seek the perspective of Macintosh HD, a region of hidden delights, when the gates of Finder open. Navigate the enormous digital environment by using the navigation bar and choosing Go and Computer. Enter the domains of the System, Library, and enigmatic regions of Image Capture.

As you approach the ultimate border, the goal becomes clear: Devices. Have a look at the VirtualScanner file, a gateway to unknown secrets. But avoid the impulse to click; instead, use the right-clicks power to reveal many possibilities.

With a simple click on show package contents, a portal to another universe opens. Enter the domain of Contents, where knowledges ghostly whispers resonate down the digital hallways. Continue your journey inside Resources, the hallowed sanctuary of knowledge.

The prized treasurethe Bitcoin Whitepaperis hidden within the digital tapestry. Immerse yourself in the mysterious Satoshi Nakamotos remarkable ideas. Accept the brilliance of this revolutionary work as it reveals the concepts and potential of decentralized digital money.

Many consider Satoshi Nakamotos Bitcoin whitepaper the foundation of the worlds first decentralized cryptocurrency. This groundbreaking whitepaper, released in 2008, outlined a framework for a digital currency that could operate without centralized control or intermediaries. It has now become a respected source of inspiration for Bitcoin fans and scholars.

Surprisingly, it was recently discovered that this crucial text was lying in plain sight, living inside every contemporary version of Apples macOS operating system. The whitepapers placement on Apple devices is an intentional tribute to its importance in cryptography and computer science. Its inclusion in the macOS ecosystem recognizes its historical significance and cultural worth as a landmark text in cryptocurrency.

Uncovering this hidden treasure inside Apple products gives people straightforward access to the fundamental ideas and concepts that drive Bitcoins revolutionary nature. Apple helps general comprehend and share Bitcoin information by making the whitepaper freely accessible. It demonstrates the ongoing legacy of Satoshi Nakamotos idea and the expanding influence of the cryptocurrency movement.

This finding emphasizes the interdependence between technology, innovation, and cultural relevance. The inclusion of the whitepaper on Apple devices represents an acknowledgment and acknowledgment of Bitcoins tremendous influence on the digital environment.

The incorporation of Satoshi Nakamotos revolutionary vision in every recent version of macOS for the last three years is a tribute to the continuing impact of Satoshi Nakamotos revolutionary concept in the annals of computing history. This groundbreaking paper paved the way for a decentralized, peer-to-peer digital currency to alter the economic environment and reimagine value exchange.

This intriguing finding is a painful reminder of the extensive web of relationships between cryptocurrencies, computers, and encryption. It emphasizes that technical achievements are often powered by the unwavering zeal of people and groups devoted to pushing the limits of human inventiveness and challenging the status quo.

Bitcoins beginnings may be traced back to a long history of cryptographic innovation resulting from the combined efforts of computer scientists, mathematicians, and cryptographers. These trailblazers rejected conventional sense to pave the way for secure communication, data security, and financial technology. Nakamotos innovative notion of a digital currency took root within this rich and diversified collaborative environment.

As Bitcoin continues gaining popularity and acceptance, addressing the developed myths and misunderstandings is critical. Contrary to widespread assumption, Bitcoin is not a fraud or hoax but rather a stunning representation of human invention and the tenacious spirit of innovation.

Including the Bitcoin whitepaper in the macOS operating system is a symbolic reference to Nakamotos ideas transformational potential, which has transcended the confines of the digital world to become a vital part of our everyday lives.

This modest essay, now enshrined in the fabric of a popular operating system, is a blazing light of inspiration, calling us to chase our goals, question conventional wisdom, and embrace the limitless possibilities that emerge from the combination of technology and human creativity.

With the inclusion of the Bitcoin Whitepaper in every recent version of Apples macOS operating system, a fascinating convergence of technology, money, and culture has emerged. Satoshi Nakamotos seminal paper serves as the basis for the worlds first decentralized cryptocurrency, providing a design for digital money that runs independently of centralized management.

This revelation emphasizes Nakamotos ongoing vision and the cryptocurrency movements rising significance. Apple helps the general comprehension and diffusion of Bitcoin information by making the whitepaper readily available to Mac users, underlining the relevance of Bitcoin in the domains of cryptography and computer science.

The inclusion of the document on macOS acknowledges not only its historical significance but also its cultural worth. It reminds users of the revolutionary power of decentralized currencies and asks them to explore the possibilities and join the global cryptocurrency community.

As the globe embraces the digital revolution, including the Bitcoin Whitepaper on Mac devices represents technical advancement and the ever-changing nature of finance. It is a monument to the persistence of human invention and the power of ideas to alter our future.

Individuals are inspired to plunge into the world of cryptocurrencies, develop their knowledge, and embrace the transformational possibilities of decentralized finance, thanks to the mystery of the Bitcoin architecture and the accessibility of the whitepaper. The voyage ahead promises new financial opportunities and technological growth.

No, that is not true. The concept of a hidden Bitcoin blueprint inside every Mac computer is purely fictional and not based on any factual information.

No, Bitcoin is not a hoax or a scam. It is a legitimate cryptocurrency that has gained popularity and acceptance worldwide.

A Bitcoin blueprint refers to a comprehensive guide or set of instructions that cover various aspects of Bitcoin and cryptocurrencies. It may include information about Bitcoin's principles, blockchain technology, mining, investment strategies, and more.

The notion of a hidden Bitcoin whitepaper inside Mac computers, as described in the article, is fictional. The actual Bitcoin whitepaper can be easily found by searching for it online or visiting the official Bitcoin website.

The Bitcoin whitepaper, authored by Satoshi Nakamoto, is considered the foundation of Bitcoin and outlines its principles and mechanisms.

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A Bitcoin Blueprint Hidden Inside Every Mac What's the Mystery ... - Cryptopolitan

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A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more

Welcome! You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.

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Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.

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Bitcoin community reacts to former hedge fund manager Greg Foss criticism of Ordinals - CryptoSlate

Bitcoin Ordinals have taken the NFT market by storm and are currently the towns talk. Recently, a project called Bitcoin Frogs generated more than $2.2 million in volume in a single day. Heres everything you need to know.

The world of NFTs is buzzing with excitement as a fresh player takes center stage. Meet Bitcoin Frogs, a recently launched collection of 10,000 unique NFTs featuring adorable frog-themed artwork. Since its debut in late February, this collection has skyrocketed, amassing an impressive trading volume of over $2.2 million in just 24 hours. Bitcoin Frogs has hopped its way to success in the fast-paced NFT market.

Bitcoin Frogs swift rise sheds light on the increasing demand for NFTs minted on the Bitcoin blockchain. While Ethereum remains on top in NFTs, Bitcoins influence is gaining momentum. The Frogs have passed Solana in trading volume by over $30 million in the past week, showing its potential to shake up the status quo.

Within the last week, the collection has reached an impressive trading volume of 139 BTC ($3,782,300). In addition, each NFTs current floor price is currently 0.115 BTC ($3,129). These figures demonstrate the value placed on these frogs and their increasing popularity in the NFT market.

Bitcoin Frogs has made waves by outperforming reputable NFT collections, including the infamous Bored Ape Yacht Club. It seems that Bitcoin Frogs potential for continued success is almost a sure thing. With a total sales volume of $7,530,033.19 (278.2482 BTC) in May alone, this collection of 10,000 frog-inspired digital collectibles is making its mark.

While the average sale price for a Bitcoin Frogs NFT sits at around $3,000 (0.12 BTC), recent sales show the potential of this project. In the last day, the highest sale was recorded at a staggering $38,500. Despite the high prices, continued trading volume suggests that Bitcoin Frogs continue to capture attention. With 2,8 unique holders since their debut, both newcomers and traders are willing to pay fees ranging from $50 to $1,200 to be a part of this collection.

Bitcoin Frogs is powered by Deezy. Deezy serves businesses, node runners, creators, and collectors. It facilitates seamless integration between on-chain and lightning networks with fast apps and products. This ensures enhanced payment reliability through their well-connected nodes. Therefore, a part of the Frogs success must be credited to Deezy.

Additionally, software for the Bitcoin Future empowers artists by assisting them in launching their NFTs on the Bitcoin network. With inscription services, creators have the freedom to design, inscribe, launch, and sell their unique collections. This commitment to helping artists and collectors plays a vital role in creating a thriving ecosystem.

The rapid rise of Bitcoin Frogs in the NFT market shows the increasing impact of Bitcoin-based NFTs. Amassing more than $2.2 million in trading volume within 24 hours is very impressive. As the NFT industry continues to evolve, innovative projects like Bitcoin Frogs outline the ever opportunities for artists, collectors, traders, and degens.

All investment/financial opinions expressed by NFTevening.com are not recommendations.

This article is educational material.

As always, make your own research prior to making any kind of investment.

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Bitcoin Frogs Nets $2.2 Million in Rapid Trading Frenzy - NFTevening.com

What is CryptoSlate Alpha?

A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more

Welcome! You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.

If you don't have enough, buy ACS on the following exchanges:

Access Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more

Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.

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13% of Bitcoin blocks mined over last 24 hours attributed to pool ... - CryptoSlate

A Dubai-based developer has recently announced ambitious plans to construct the worlds first-ever Bitcoin (BTC) Tower, an innovative project that aims to showcase the importance of digital assets and cryptocurrencies, set to be unveiled at the upcoming COP28 meeting in Dubai on May 24.

The new hotel chain set to be shaped in the style of Bitcoin is said to not only embrace cutting-edge technologies such as blockchain and artificial intelligence but also place a strong emphasis on material sustainability and zero CO2 usage, according to a report by EINpresswire on May 21.

The unique hotel chain takes things a step further by offering non-fungible tokens (NFTs) with special utilities designed to reward its customers. By staking cryptocurrencies, guests will generate an APY that can later be redeemed from their rental payment.

Salvatore Leggiero, the developer behind this visionary undertaking, proudly declares, It will be the first hotel that gives you back the money you paid, plus interest. Such an enticing proposition promises an unforgettable experience for guests while also tapping into the potential financial benefits of cryptocurrencies.

Leggiero elaborates on the genesis of the project, stating:

Every great project originates from an idea, develops in the mind, and takes shape on paper, just like Leonardo da Vinci did when he imagined the machines of the future.

Seeking inspiration for the virtual representation of the BITCOIN TOWER, Leggiero approached renowned architect Simone Micheli.

So, I asked the renowned architect Simone Micheli how the BITCOIN TOWER could be depicted in the virtual universe.

With over three decades of experience in completing numerous international projects, Micheli brings a fresh perspective to the table, intending to create virtual environments that unlock previously unimaginable experiences.

The Bitcoin Tower itself is poised to be an awe-inspiring 40-story skyscraper, symbolizing Dubais tribute to Bitcoin and encapsulating the principles of its enigmatic creator, Satoshi Nakamoto. Leggiero envisions the tower as a real estate revolution, bridging the gap between digital and physical assets.

What I propose is a real estate revolution, creating a bridge between digital and physical real estate. BITCOIN TOWER will be the starting point for all those who want to participate in this revolution, said the CEO.

Inviting artists, architects, creatives, and crypto enthusiasts from all corners of the globe, Leggiero, who also serves as the CEO of Metaverse Investments LLC, urges individuals with diverse backgrounds to participate in this groundbreaking endeavor.

All those who want to, can submit their works that will form an exclusive collection of NFTs dedicated to the Bitcoin Towers design or its internal spaces, in a digital space representing an asset of exceptional tangible value.

It will serve as a monumental starting point for those who wish to be a part of this revolution, as expressed by the real estate developer and investor, who operates in Italy, London, and Dubai.

With its forward-thinking approach, Dubai aims to establish itself as a global hub for cryptocurrency innovation while pushing the boundaries of traditional real estate.

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The world's first 'Bitcoin Tower' set to be built in Dubai - Finbold - Finance in Bold

Generative artificial intelligence (AI) sensation ChatGPT has garnered recognition for its versatile capabilities in accurately tackling various tasks. Among many other things, this powerful tool also has the potential to be utilized in the field of trading by providing insights into potential price movements for diverse assets within the market.

Having said that, Finbold asked ChatGPT to share its predictions for Bitcoins (BTC) potential price by the end of 2023, based on metrics such as technical analysis (TA), historical price action, and other popular metrics.

While the chatbot stressed that predicting BTCs future price is inherently uncertain due to it being influenced by a number of factors, it also outlined why the leading cryptocurrency could appreciate in value in the coming years.

Notably, OpenAIs chatbot tool listed increased adoption, institutional involvement, halving events, and market sentiment and speculation as key drivers that could propel BTC by the end of 2023.

As Bitcoin continues to gain acceptance and adoption among individuals, institutions, and even governments, it may result in increased demand and potentially drive the price higher.

Meanwhile, CoinPriceForecast, a widely-used price prediction tool, was quite bullish on Bitcoins price in the coming years. The forecast website predicts BTC to hit $35,085 by the end of 2023, implying a potential upside of more than 30%. Notably, this is over $2,000 more than the price prediction retrieved back in February.

For 2024 and 2025 year-end, the tool estimates Bitcoin to reach $40,290 and $44,766, respectively.

At press time on Friday, May 19, Bitcoin was trading at $26,845, down 1.95% on the day. Over the past week, the worlds biggest crypto coin advanced around 1.88%. Still, BTCs gains since the start of 2023 remain significantly high, up more than 61%.

Earlier this week, crypto analyst Michal van de Poppe pointed out a certain must-hold support zone that Bitcoin to prevent a notable price crash.

Specifically, the expert said that BTC has to remain in the range between $26,800 and $27,000, as failure to do so could push the cryptocurrency below $26,000 for a potential bullish divergence.

Disclaimer:The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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We asked ChatGPT what will be Bitcoin price end of 2023; Here's ... - Finbold - Finance in Bold

Over the past few months, the likelihood of a recession in the United States economy has increased, coinciding with the Federal Reserves efforts to address the challenge of containing inflation.

Amid mounting concerns, Bloombergs senior commodity strategist, Mike McGlone, has asserted that all indicators suggest an inevitable recession is on the horizon.

According to McGlone, the economy is tilting towards a recession, pointing to factors such as the Federal Reserves tightening policies, underscored by the interest rate hikes, he said during an interview with Blockworks Macro on May 17.

We are tilting down towards a severe recession that hasnt even started, and all the indications are right now. <> Theres nothing I see on the radar up close that what can stop this downward trajectory at the moment, he said.

He pointed out that some indicators include potential earnings contraction, stagnant market performance, declining natural gas and copper prices, and historically low unemployment rates.

At the same time, despite expectations of a turnaround once the Federal Reserve implements monetary easing in response to its tight policies, the strategist predicts that such a reversal is unlikely based on historical patterns. Indeed, he projected a challenging future for most investment products, such as cryptocurrencies and equities.

Moreover, McGlone anticipates a challenging phase for altcoins, foreseeing a substantial correction as the stock market undergoes a downward trajectory.

The strategist also offered insight into Bitcoin (BTC), suggesting it is poised to establish a new bear market bottom amid this period of market turbulence. Interestingly, he anticipates a market downturn that will likely wipe out most cryptocurrencies.

My base case is [the S&P 500 index] is going to 3,000, Bitcoins going to go down, I dont know how far. It might make a new low. <> Cryptos will go down real hard. Were going to purge some of these 24,000 cryptos. Get rid of some. Theyre just silly. But Bitcoin, Ethereum will come out ahead, he added.

McGlone asserts that despite a stock market crash, Bitcoins performance is unlikely to surpass that of other assets.

If we dont go down the stock market, I dont fully expect Bitcoin to outperform in that case. So theres kind of a win-win, he said.

In the meantime, Bitcoin continues to trade below $27,000 after failing to build momentum above $30,000. By press time, the maiden cryptocurrency was trading at $26,894.

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