Our Scans · (FS.5.09) Cryptocurrency Market · Weekly Summary

• [New] Global electricity demand from data centers, cryptocurrencies, and artificial intelligence is projected to nearly double by 2026, reaching between 620 and 1,050 terawatt-hours, with a base case of just over 800 TWh, up from 460 TWh in 2022. KGI Research Singapore
• [New] With the potential for significant growth, the best new cryptocurrencies of 2024 hold the promise of reshaping industries, empowering users, and unlocking new possibilities in the digital asset space. Coinpedia Blockchain Fintech News
• [New] The upcoming decision by the SEC will play a crucial role in shaping the future of cryptocurrency ETFs and their role in mainstream investment strategies. Bitcoinsensus
• [New] Global electricity demand from data centers, cryptocurrencies, and AI will more than double over the next three years, adding the equivalent of Germany's entire power usage. Attack of the 50 Foot Blockchain
• 2028 will be the year of the 5th Bitcoin Halving event, and with cryptocurrencies now mainstream and, with investors knowledgeable of the Bitcoin Halving cycle and the expected increase in cryptocurrency prices. cryptonews
• Governments around the world could crack down on cryptocurrencies, imposing strict regulations that limit their use and adoption. US Newsper
• Electricity consumption from data centers, artificial intelligence and the cryptocurrency sector could double by 2026. IEA
• The world of cryptocurrencies is moving fast, and by 2030, the regulation and adoption of cryptocurrencies will be much greater than they are now - we can even expect many merchants to be accepting crypto payments. cryptonews
• While Bitcoin is the largest cryptocurrency in the world, many investors are interested in new alternatives that could potentially offer high growth potential. cryptonews
• Cryptocurrency Exchanges: Cryptocurrency exchanges remain central to the crypto economy, providing liquidity, trading services, and investment opportunities for users worldwide. Deccan Chronicle
• With Crypto prices prominent in the news last year thanks to new ATHs, we can expect governments around the world to be well on the way to implementing cryptocurrency regulations. cryptonews
• Despite the potential risk of hacking, Coinbase's security protocols offer users a sense of security that is critical in the unpredictable world of cryptocurrencies. FinExtra
• Recognizing the risks associated with cryptocurrency, regulatory bodies worldwide have been implementing new regulations to combat money laundering and terrorist financing activities within the crypto industry. Financial Crime Academy
• Advanced Micro Devices (AMD) offers high-performance processor technologies used in the mining of Bitcoin and other cryptocurrencies, with 20% growth in 2024 and an expected revenue growth rate of 30.9% in 2024. CryptoDnes.bg
• The cryptocurrency mining industry had the potential to disrupt the U.S. electricity supply, and absent the survey, public harm is reasonably likely if normal clearance procedures are followed. Just The News
• By addressing the barriers to entry, reducing transaction costs, and empowering individuals with greater control over their finances, cryptocurrencies have the potential to unlock economic opportunities for billions of unbanked and underbanked individuals worldwide. London Post
• A recent report by the International Energy Agency offered similar estimates, suggesting that electricity usage by data centers will increase significantly in the near future thanks to the demands of AI and cryptocurrency. The Verge
• The integration of cryptocurrency in sectors like the CBD industry exemplifies the broad potential of digital currencies to revolutionize traditional markets, making them an indispensable part of the financial landscape in 2024 and beyond. Altcoin Investor
• Corporate interest, spurred by the approval of BTC spot ETFs, could potentially influence the prices of Bitcoin and other cryptocurrencies during Super Bowl 2024. EconoTimes
• As the world hurtles further into an era defined by digital innovation, few industries remain untouched by the transformative potential of cryptocurrency and blockchain technology. The News Pocket
• The recent approval of Bitcoin Exchange-Traded Funds by the U.S. Securities and Exchange Commission (SEC) is anticipated to catalyze the integration of cryptocurrencies into traditional investment portfolios. O'Neil Digital Solutions

Last updated: 23 April 2024