Some crypto miners are turning to AI. Crypto miners generate revenue in part thanks to AI customers.
AI is still a potential to be mined in many areas, it can be stated that the cryptocurrency mining industry has changed as crypto miners have diverged after the Ethereum revolution last September, Bloomberg reported.
The digital currency ecosystem is seeing a definitive recovery today as Bitcoin (BTC) and most altcoins are in the green. Litecoin (LTC) is among the protocols seeing an impressive price jump today after it printed a 7% upsurge to pare off some of the losses it has incurred in the past week. In the week-to-date period, Litecoin is up by 6.54%, taking its spot trading price to $87.11. The steady growth in the digital currency has lent many theories that can help sustain the growth. One of these theories or reasons pushing the growth of Litecoin is the latest integration of the Lightning Network. As revealed by the protocol, the very first Lightning Network transaction has been carried out on the Litecoin blockchain, helping to push its scalability by up to 10x. The Lightning Network is a Layer 2 protocol that is primarily built on the Bitcoin blockchain to help with expedited transactions and low cost. It has worked effectively since its introduction to the Bitcoin protocol, and with the latest Litecoin Lightning Network transaction, the versatility of the solution is reinforced, to the benefit of all Litecoin users.
ALSO: The stablecoin supply ratio has dropped 11% over the past 11 days, suggesting that buying power for stablecoins may be increasing, writes CoinDesk analyst Glenn Williams.
In a new surge of optimism, a highly-regarded crypto analyst predicts a significant upswing for Bitcoin, potentially setting a new all-time high within the next year and a half.
The crypto trader and analyst Altcoin Sherpa uploaded his latest analysis for several altcoins yesterday.
Sui (SUI) and Pepe (PEPE) present good buy opportunities, according to the trader.
He also warned that the altcoin market is still at the mercy of Bitcoin (BTC).
Commenting on the sharp rise in Bitcoin transaction fees, Hayden Hughes, co-founder of social-trading platform Alpha Impact, told Bloomberg on Monday that Ordinals have caused a “massive run up in network fees and congestion.”He further explained that this caused Binance and other exchanges, which typically operates with fixed fees for withdrawals, ran into trouble since the fees they charged users fell short of the actual network fee.
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