Peter Schiff has argued that the rise of artificial intelligence is not a bullish development for Bitcoin, pushing back against attempts to link the cryptocurrency to the booming AI sector. In an Aug. 23 post on X, Schiff said Bitcoin advocates were trying to associate the asset with AI in the hope that investors would
ECX Blasts Through 25,000 Blocks in 13 Hours Bitcoin’s latest fork has kicked off its Alpha stage, with Drivechain creator Paul Sztorc’s ECX network going live at block height 963648. As of 9 a.m. Sunday, Aug. 23, the new network had already ripped through more than 25,000 blocks in barely 13 hours. Block intervals have
Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor laid out a new logic for cryptocurrency accumulation in a recent post. According to him, Bitcoin’s breakthrough lies in the ability to “convert economic energy into digital form and securely bind it to a person, family, company, machine, or state.” This statement immediately explains the changes taking place
A hidden message has been discovered on the Bitcoin blockchain. An unknown cryptographer appears to have rediscovered Satoshi Nakamoto’s code, creating a puzzle wallet whose key is based on data from the network’s very first block, mined in 2009. Galaxy Research analysts detected this unusual on-chain activity in block 963,629. A 255-byte text message was
Veteran trader Peter Brandt’s earlier bearish Bitcoin call is facing a reality check after the largest cryptocurrency by market cap staged a sharp rebound and moved well above the $58,000–$62,000 zone he had previously identified as a potential downside target. Brandt had said in January that $58,000 to $62,000 was where he believed Bitcoin was
The cryptocurrency market was essentially muted for many, many weeks. Ever since the May surge from $BTC to over $82,000 and the subsequent crash to under $58,000 on July 1, the market has remained dull with little to no movement from the larger caps. Then it all changed within hours on Wednesday afternoon as something
Bitcoin traded near $76,600 on Aug. 23 after reaching $79,500 two days earlier, prompting claims that veteran trader Peter Brandt’s 58,000–62,000 forecast was wrong. The historical price record shows otherwise. Brandt issued the forecast in January when Bitcoin traded near $92,400. Bitcoin later entered his stated range and fell to approximately $57,717 on July 1.