Big tech stocks led a heavy sell-off on Tuesday. AI leader Nvidia lost more than $250 billion in its market cap. However, this setback will not stop the growth of AI-crypto projects, experts say. Crypto-linked artificial intelligence projects ride out market volatility to soar beyond their $25 billion market. They said, according to Alice Liu, … Read more
Nvidia will report its second quarter results on Wednesday. AI Crypto Coins Expected to Reach $33 Billion Still, traders should brace for more market turmoil if the chipmaker fails to impress, one analyst said. Traders are clamoring for Nvidia's earnings. “They should be really impressive,” says Luke Nolan, research associate at alternative asset manager Coinshares. … Read more
IMF proposes taxes to increase electricity costs for miners, data centers Higher energy costs drive the industry towards increased efficiency. Cross-border coordination is important for energy taxes, IMF says. Higher energy taxes to increase the cost of electricity used by crypto miners and artificial intelligence data centers will help curb carbon emissions in the future. … Read more
Bitcoin miners are turning some of their computing power over to AI. Skeptics argue that this is a mistake because AI and Bitcoin mining are very different businesses. Bitcoin miners must commit to mining Bitcoin. According to Elliott Chun, a partner at crypto finance strategy firm Architect Partners, Bitcoin miners have argued against efforts to … Read more