#cryptocurrencies

Joe Lonsdale, the co-founder of analytics company Palantir, views the expansion of artificial intelligence as a potential driving force for the cryptocurrency market. He foresees a future where many AI-focused companies will embrace cryptocurrencies for payments.

JPMorgan CEO Jamie Dimon, in a CNBC interview, made a distinction between cryptocurrencies that facilitate smart contracts (for data transfer and tokenization) and those he considers to have no inherent value.

The Spanish Ministry of Finance is drafting a bill aimed at the confiscation of digital assets to cover outstanding tax liabilities. The new regulations will allow investigators to track users' cryptocurrencies and freeze them for subsequent confiscation at the earliest opportunity.

The X account of the Spanish Embassy in Bosnia and Herzegovina has been actively engaging in discussions about cryptocurrencies, particularly regarding potential airdrops or updates. The embassy's account commented on various cryptocurrency projects, including Beam, Phantom, and SatoshiVM.

Cryptocurrencies, primarily due to their mining processes, are projected to boost their energy consumption by at least 40% within the next two years. Concurrently, the energy expenditure for AI apps is set to increase tenfold. These findings come from the International Energy Agency's recent report.

Indonesia's upcoming elections are poised to be a pivotal moment for the nation's approach to cryptocurrencies. Incumbent President Joko Widodo has been supportive of crypto companies and startups, despite implementing comprehensive regulations across the sector, including trading exchanges.