Through the IndiaAI Mission, India aims to democratize access to computing power and support nationwide AI development. India’s supreme decision-making body, the Union Cabinet, has approved the “IndiaAI Mission” with an initial budget of 10,300 crore rupees ($1.24 billion). The drive aims to support artificial intelligence (AI) startups and innovations over the next five years. ...Continue Reading

Bitcoin at just under $70,000 is “fairly priced” in terms of energy expenditure, the latest analysis of on-chain BTC price action and miner behavior concludes. Bitcoin (BTC) has left its “deep value” zone as on-chain data points to a seismic shift in BTC price dynamics. In an X thread on March 7, Charles Edwards, founder of quantitative...Continue Reading

Pro-Bitcoin Senator Cynthia Lummis is drafting regulations for stablecoins after attacking major stablecoin firm Tether in 2023. Pro-Bitcoin (BTC) United States Senator Cynthia Lummis is drafting regulations for stablecoins, a type of cryptocurrency pegged to real-world assets to ensure stable prices. Lummis has been working jointly with Senator Kirsten Gillibrand for several months on a...Continue Reading

A new virtual smartphone application has launched on Solana’s blockchain and Aethir’s decentralized cloud infrastructure aimed at users with outdated hardware and those in emerging economies. Mobile device users in emerging economies and those hampered by outdated hardware could tap into a new virtual smartphone application running on Solana’s blockchain and decentralized cloud infrastructure. Aphone...Continue Reading

Researchers concluded that it is necessary to formulate approaches for addressing the enforcement and governance of IP issues in the metaverse. Researchers in the United Kingdom have studied the viability of current intellectual property (IP) laws and their application to new technologies like the metaverse. In the study, the researchers identified the shortcomings of existing...Continue Reading

Rising Bitcoin ETF inflows and increasingly favorable technicals suggest that BTC price might rise above $90,000 in the coming weeks. Bitcoin (BTC) price looks ready to rally toward or above $90,000 in the coming weeks due to a mix of supportive technical, on-chain, and fundamental indicators. BTC’s price entered a phase of consolidation, moving sideways...Continue Reading

BlackRock’s Global Allocation Fund aims to buy the company’s own spot Bitcoin ETFs as well as BTC ETFs by other issuers. BlackRock, one of the largest asset managers in the world, is planning to buy spot Bitcoin (BTC) exchange-traded funds (ETF) for its Global Allocation Fund (MALOX). According to a March 7 update to the...Continue Reading

The SEC will again decide on whether to greenlight derivatives trading on spot Bitcoin ETF on April 24. The United States Securities and Exchange Commission has postponed its decision on whether to approve options trading on spot Bitcoin (BTC) exchange-traded funds (ETFs) — which could open the door for more institutional capital into Bitcoin. In...Continue Reading

While some crypto-AI tokens continue to deliver profitable trades, the long-term sustainability of the ecosystem will require more than just decentralizing AI components. While technologists continue to explore artificial intelligence (AI) use cases in all business verticals, a Coinbase research report suggests that AI-related tokens may be over-hyped right now, at least in the short...Continue Reading

The United States and South Korea have been fighting for Kwon’s extradition since he was arrested in March 2023. United States prosecutors will contest the latest Montenegrin high court ruling that has placed Terraform Labs’ Do Kwon headed for South Korea extradition. The United States Department of Justice (DOJ) told Bloomberg that it “continues to...Continue Reading