AI Tokens Surge Ahead Of ‘Super Bowl’ Nvidia Earnings | ZeroHedge

Artificial intelligence crypto tokens have surged over the past week ahead of a highly anticipated second-quarter earnings report from tech giant Nvidia. 

As Arijit Sarkar reports via CoinTelegraph.com, the market capitalization of artificial intelligence and big data cryptocurrency projects and tokens has surged by 79.7% over the past three weeks, reflecting renewed confidence among crypto investors.

On Aug. 6, the total market cap of AI and big data crypto projects recorded (more…)

Continue ReadingAI Tokens Surge Ahead Of ‘Super Bowl’ Nvidia Earnings | ZeroHedge

The Singularity: How AI Could Become The Final Boss Whale Of Crypto | ZeroHedge

Authored by Tristan Greene via CoinTelegraph.com,

Everyone from Elon Musk to the CEO of Google DeepMind has predicted that artificial intelligence will surpass human intelligence within a matter of decades. This scenario is often referred to as the AI singularity. 

Big Tech, academia and governments around the world have started workshopping potential scenarios to prepare for this hypothetical moment. While much has been written about the threat of a violent AI takeover, (more…)

Continue ReadingThe Singularity: How AI Could Become The Final Boss Whale Of Crypto | ZeroHedge

Surge In Derivative Bets Leaves Bitcoin “Ripe For A Short Squeeze” As ETF Inflows Accelerate | ZeroHedge

Traders aggressively betting on further moves south for Bitcoin could be caught unawares in the coming days and weeks, with the derivatives market forming a setup primed for a short squeeze.

That’s according to research-led digital assets brokerage K33’s latest analysis, which found a mix of both negative perpetual swap funding rates in recent weeks and a spike in open interest.

As Decrypt reports, K33's call for a short squeeze hinges on the 7-day average funding rate, (more…)

Continue ReadingSurge In Derivative Bets Leaves Bitcoin “Ripe For A Short Squeeze” As ETF Inflows Accelerate | ZeroHedge