News

The crypto market is expected to continue its expansion over the next two years as several tailwinds continue to stack up for the asset class, crypto exchange Gemini said in its latest Institutional Insights report on Thursday. A combination of favorable monetary policy, regulatory shifts, and infrastructure development will drive growth, even in the face of recent market volatility, the exchange said. Over the past three months, the prices of major cryptos Bitcoin and Ethereum, have traded with...

Bitcoin miner Marathon Digital Holdings reported a significant loss for the second quarter of this year, citing the impact of Bitcoin’s halving event on its operations as rivals posted similar results. The Fort Lauderdale, Florida, firm faced a substantial net loss and decreased Bitcoin production amid rising operational challenges, according to its latest quarterly figures. The Bitcoin halving event in April, which typically occurs approximately every four years, effectively slashed the reward...

Black Forest Labs—the team that helped develop the original Stable Diffusion—has launched Flux, the largest open-source text-to-image model to date. With a staggering 12 billion parameters, Flux can delivery visuals that rival those of Midjourney, and possibly beat any other model currently available—be it open or closed source. Flux comes in three variations: Flux Dev, which is open source with a non-commercial license for community development; Flux Schnell, which is a faster, distilled versio...

In its latest bid to curb unauthorized AI-generated deepfakes, Google is taking new steps to remove and demote websites in searches that have been reported to contain illicit images, the technology and search giant said on Wednesday. An AI deepfake is media created using generative AI to produce videos, pictures, or audio clips that appear real. Many of these fake images depict celebrities like actress Scarlett Johansson, politicians like U.S. President Joe Biden, and, more insidiously, children...

The bullish news continued on Thursday morning, but sellers remained in control of the market.

The slide in the odds of a Donald Trump victory in November might have bulls rethinking some bets.

The crypto market pulled back from the first-quarter's record highs during the three-month period.