According to its Q3 Commentary report, ARK Investment Management believes technological innovation, particularly in artificial intelligence and blockchain technology, could be pivotal in revitalizing the global economy. As inflation transitions to deflation in several sectors, ARK believes that its five innovation platforms, robotics, energy storage, AI, blockchain, and multi-OMIC (biological analysis) sequencing, may significantly impact The post Ark Invest calls blockchain and AI the key to revitalizing economy with deflation coming appeared first on CryptoSlate.

Bitcoin’s recent market activity reveals significant shifts in demand and accumulation patterns among large holders, suggesting potential influences on its price trajectory. The top cryptocurrency’s price surged from around $40,000 in January 2024 to above $70,000 by March before retracing. It has recently begun to again threaten $70,000, coinciding with notable increases in apparent demand The post Bitcoin accumulation fuels market uptick signaling potential surge in price appeared first on CryptoSlate.

Global payment platform Stripe is reportedly negotiating to acquire Bridge, a company that facilitates transactions involving stablecoins, according to a Bloomberg report. The potential deal signifies Stripe’s deeper foray into digital currencies and blockchain technology. As Bloomberg noted, discussions between Stripe and Bridge are ongoing, though no final agreement has been reached. Bridge enables businesses The post Stripe looks to increase stablecoin exposure with Bridge fintech purchase – report appeared first on CryptoSlate.

Bitcoin is trading at a discount on South Korean exchanges, reversing the traditional “kimchi premium” that has historically signaled bullish market sentiment. Per The Korea Times, the cryptocurrency is priced approximately 700,000 won ($511.73) lower domestically compared to global exchanges, resulting in a negative premium (discount) of -0.74% as of Thursday afternoon. This shift appears The post Bitcoin trades at discount in Korea destroying historical ‘Kimchi Premium’ appeared first on CryptoSlate.

The GAM3 Awards 2024 has revealed its final shortlist for a $5 million prize pool. Returning for its third year, the annual web3 gaming event will, for the first time, feature a physical ceremony held in the Philippines in partnership with Yield Guild Games (YGG). The event serves as the grand finale for the YGG The post GAM3 Awards 2024 finalists revealed including Epic Games Store smash hit Off The Grid appeared first on CryptoSlate.