Month: June 2024

Block 840,000, mined on April 19, 2024, was special for Bitcoin (BTC). In addition to marking the fourth halving of the world’s largest blockchain, it also signaled the launch of the Runes Protocol, currently the most popular for creating fungible tokens on Bitcoin. While token creation is common on blockchains such as Ethereum (ETH) or Solana (SOL), this practice is relatively new for Bitcoin, only becoming popular in 2023. Tokens on the Runes Protocol — launched in April — are even more recent. Over the last 15 years, traditional media…

Cryptoslam data indicates that the initially strong NFT market is now recording a downward momentum, having declined in critical metrics, including sales volumes, unique sellers, and buyers. The ongoing rough patch in Bitcoin markets has been blamed for the decline in NFT volume. NFT Volumes Downward Momentum According to data from Cryptoslam, the NFT market experienced a significant decline in monthly volumes during Q2 compared to the first quarter of 2024. Sales volumes in Q2 fell by 45% quarter-on-quarter. In the first quarter of 2024, total sales volumes in the…

Analysts from Goldman Sachs and MIT recently took a deep dive into the generative artificial intelligence (AI) market to determine its short- and long-term viability for investors.  The question looming over their research was whether the current AI market represents an expanding bubble waiting to burst, or the “pickaxes and shovels” stage of the next frontier for technology and industry. Unfortunately, according to the report, the answer isn’t so simple. The marketplace differences that occur when a bubble is about to burst — as seen when the dot-com bubble burst…