Crypto News
Everyone Wants a Piece of the Bitcoin Pie, Now the AI Bots Are Coming for It...
Bitcoin's (BTC) market cap is consistently in excess of 50% of the size of the total crypto industry, meaning more funds are held in BTC than every other digital asset combined. With bitcoin dominance reaching multiyear highs of over 60% during the current bull market, projects built on other networks have been looking for ways to get a slice of the pie. Now the AI bots are giving it a go.Artificial intelligence-focused Ethereum layer-2 blockchain Mode is the latest to bridge to Bitcoin in an attempt to access the deep wells of liquidity held in BTC.Mode has teamed up with rollup protocol BitcoinOS (BOS) to give AI agents on its network permissionless access to Bitcoin, according to an emailed announcement...
Dogecoin and Litecoin Even More Profitable Than Bitcoin, Says Mining Firm
American Bitcoin miner BIT Mining said that it is making more money mining Dogecoin and Litecoin than the biggest digital coin.Source link
Court Filing: Bitcoin Advocate Roger Ver Argues Government Overreach in Tax Case, Seeks Dismissal
Roger Ver, a prominent figure in the cryptocurrency world known as “Bitcoin Jesus,” has filed a motion to dismiss an eight-count U.S. tax indictment, claiming unconstitutional government overreach and misuse of evidence. Roger Ver Seeks Dismissal of U.S. Tax Indictment Roger Ver, 45, was arrested earlier this year in Barcelona following an indictment alleging thatSource link
MicroStrategy Leveraged ETFs’ Impact on Crypto Markets Is Growing: JPMorgan
The increased size of leveraged MicroStrategy (MSTR) exchange-traded funds (ETFs) and the flows they attract are having a more pronounced effect on the company's stock and crypto markets than before, JPMorgan (JPM) said in a research report on Wednesday.These ETFs played a significant role in amplifying the stock's near-60% rise in November, the bank said.November saw a record of almost $11 billion flow into U.S. spot bitcoin (BTC), spot ether (ETH) and leveraged MicroStrategy ETFs combined, the report said, with the leveraged MSTR ETFs accounting for $3.4 billion, or almost a third, of the total."This highlights the rising impact of MicroStrategy's leveraged ETFs in crypto markets via facilitating MicroStrategy's bitcoin purchase program," analysts led by Nikolaos Panigirtzoglou wrote.The company founded...