Bitcoin (BTC) bounced near multiple support trend lines into June 2 as market indecision remained in force. BTC/USD hit lows of $26,519 on Bitstamp after the daily close. The pair showed little signs of a trend change as a stalemate between bulls and bears continued to produce little volatility. ...

Global search interest for the term “AI” has reached a new all-time high on Google. But it’s yet to hold a candle to peak Bitcoin (BTC) mania in 2017. The results, however, vastly differ in China, where cryptocurrency is banned and Google search is restricted. ...

CleanSpark announced that it had purchased 12,500 brand-new Antminer S19 XP units for $40.5 million. The deal worked out at $23 per terahash per second (TH/s), which is lower than the average market price. The news comes as Bitcoin mining difficulty reached an all-time high of over 50 trillion on June 1. ...

Twitter account of Mira Murati, chief technology officer of artificial intelligence firm OpenAI, was seemingly hacked. Murati’s account tweeted what appeared to be a phishing link promising an airdrop of a purported ERC-20 token. The post was viewed 79,600 times and retweeted 83 times before it was deleted. Some Twitter users theorize Murati was a victim of a SIM-swapping attack. ...

The U.S. Dollar Index (DXY) has been on a remarkable uptrend since early March’s banking crisis when the dollar wrecking ball wreaked havoc on asset prices. The surge in the dollar has raised concerns among market participants due to its high inverse relationship with Bitcoin. ...

A team of researchers from universities in Australia and the U.S. has proposed a novel proof-of-work (PoW) scheme. The scheme relies on quantum computing techniques to validate consensus. The quantum advantage provided by this scheme would also increase the difficulty of mining. ...