Crypto News
Spot Bitcoin ETFs Exceeded Expectations in 2024, but Just Wait for 2025
To say that the spot bitcoin exchange traded funds (ETFs) exceeded expectations in their first year on the market is an understatement at best. Instead, it might be more accurate to say that they’ve shocked the industry to its core.“Just how big was the first year for Bitcoin ETFs?” Bloomberg Intelligence ETF analyst James Seyffart wrote on X. “MASSIVE.”BlackRock’s iShares Bitcoin Trust (IBIT) had the most successful launch in the history of U.S. ETFs, accumulating more than $52.3 billion worth of assets in its first year (a combination of large inflows and the sharp rise in the price of bitcoin), according to Seyffart.Three of the other spot bitcoin ETFs, the Fidelity Wise Origin Bitcoin Fund (FBTC), the ARK 21Shares Bitcoin...
Genius Group to Expand Bitcoin Holdings With $33 Million Rights Issue
Genius Group intends to invest 100% of the proceeds from the $33 million rights issue into the acquisition of more bitcoin. Bitcoin is Genius Group’s Favorite Investment Asset Genius Group, an artificial intelligence (AI)-based educational tech company has announced a $33 million rights offering for the company’s ordinary stock with all net proceeds going towardSource link
Dogecoin Spikes 11% as Bitcoin and XRP Bounce Back After Dive
Dogecoin, XRP, and Bitcoin have not only rebounded from Monday's plunge but are actually flying higher on Tuesday.Source link
io.net and Injective (INJ)Join Forces to Boost Decentralized AI Development
io.net partners with Injective (INJ)to enhance decentralized AI and blockchain projects, providing scalable GPU resources for developers. This collaboration aims to democratize AI access and stimulate innovation. (Read More)Source link
Hashed’s Simon Kim Says AI Has a ‘Black Box’ Problem
Hashed's Simon Kim believes the future of artificial intelligence hinges on a radical shift: breaking open the black box of centralized models like OpenAI and building a decentralized, transparent ecosystem powered by blockchain.For Kim, CEO of South Korea’s leading crypto VC fund, the urgency is clear. AI's unchecked centralization threatens to create a "god" we don’t understand, while blockchain offers the tools to reward creators, protect intellectual property, and provide transparency into generative AI – which has been widely criticized for its bias and selective reasoning."AI is being centralized. OpenAI is not open, and it is controlled by very few people, so it's quite dangerous. Making this type of foundational model is similar to making a 'god', but we...