News

Bitcoin Dominance Taps Three-Year High, But Analyst Says Alts Are Poised to Rally

Bitcoin is now the most dominant force in the crypto market, surpassing 53% of the total crypto market—stronger than it has been in three years. Bitcoin’s market cap now stands at $1.27 trillion, according to CoinGecko data. By contrast, crypto’s total market cap is $2.43 trillion, with 15.9% of the market occupied by Ethereum, worth $389 billion. The upward climb of Bitcoin dominance this year is an unusual one, given that altcoins usually thrive better than Bitcoin in a bull market environment...

Canva Grows AI Toolbox With Leonardo.AI Acquisition

Canva has announced its acquisition of Australian generative AI startup Leonardo.AI for an undisclosed amount. This move will help strengthen Canva’s generative AI offerings as it looks to take on brands like Adobe, Microsoft, and Google in the visual content creation space. Canva's CEO Cameron Adams emphasized the significance of the acquisition, “This field is constantly evolving, and Leonardo.AI’s technical leadership and community impact can’t be overstated,” he wrote. “Bringing our worlds t...

AI Startup Unveils $99 ‘Friend’ Necklace, Raising Eyebrows and $2.5 Million

Remember Tamagotchis, the pocket-sized virtual pets that had millennials glued to tiny screens in the 90s? Well, they're back—sort of. A California-based startup called My TabAl, Inc. purchased the domain friend.com for $1.8 million to launch its entry in the rapidly burgeoning, virtual best-friend market: a $99 AI-powered necklace dubbed ‘friend’ (yes, lowercase). The device is expected to ship early next year. Judging by the information and videos available that started hitting the net this we...