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CATEGORY: buying power

Arthur Hayes Insists ‘Bitcoin Will Be the Currency’ of Artificial Intelligence
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 08, 2023 05:50

Arthur Hayes Insists ‘Bitcoin Will Be the Currency’ of Artificial Intelligence

In a freshly unveiled blog piece, Arthur Hayes, the former CEO of crypto derivatives platform Bitmex, posits that bitcoin is the prime currency for artificial intelligence (AI). Hayes maintains that moving forward, BTC will be the favored currency for AIs since they “must use a system that is available at all times, digital, and completely [...]

The post Arthur Hayes Insists ‘Bitcoin Will Be the Currency’ of Artificial Intelligence appeared first on Crypto Breaking News.

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Growing supply diminishes stablecoin Bitcoin buying power
Author: Andjela Radmilac
United States
Source: CryptoSlate
Aug 06, 2023 05:50

Growing supply diminishes stablecoin Bitcoin buying power

The Stablecoin Supply Ratio (SSR) is a vital market indicator that has been steadily climbing since the start of the year, signifying a decrease in the purchasing power of stablecoins. The SSR is a metric that provides insight into the supply and demand dynamics between Bitcoin (BTC) and the U.S. dollar. The calculation of SSR […]

The post Growing supply diminishes stablecoin Bitcoin buying power appeared first on CryptoSlate.

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Tether Surpasses Previous Market Cap Record, Reaching $83.23 Billion
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 01, 2023 10:30

Tether Surpasses Previous Market Cap Record, Reaching $83.23 Billion

On June 1, 2023, the stablecoin issuer Tether exceeded the dollar-linked token USDT’s previous all-time market capitalization record of $83.2 billion, which was set in May 2022. In the last 186 days, USDT’s market value has surged by 27.15% from the low of $65.43 billion reached at the end of November 2022. Tether Market Cap [...]

The post Tether Surpasses Previous Market Cap Record, Reaching $83.23 Billion appeared first on Crypto Breaking News.

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