Chainlink (LINK) witnessed a price jump of nearly 19% on Thursday as the blockchain oracle rolls out a new protocol combined with upticks in whale transactions and trading volume. LINK’s new Cross-Chain Interoperability Protocol (CCIP) launched its “Mainnet Early Access phase” on the Ethereum (ETH), Optimism (OP), Polygon (MATIC) and Avalanche (AVAX) blockchains earlier this …
Monthly archives: July 2023
Dogecoin Becomes 8th-Largest Cryptocurrency After Adding $1 Billion To Market Cap
Dogecoin continues to cement itself as the largest meme coin by market cap, displaying signs of renewed enthusiasm every so often. This week, the meme-inspired cryptocurrency added over $1 billion to its market cap, making it the 8th-largest crypto. This was a result of Dogecoin’s surge of over 10%, boosting its market cap to more …
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Bitfinex Hackers Surrender: Couple Agrees to Forfeit 120,000 Bitcoin in Plea Deal
An American couple accused of laundering billions of dollars worth of Bitcoin stolen from the 2016 hacking of virtual currency exchange Bitfinex has entered into a plea agreement, according to court records reported by Reuters. Heather Morgan, who used the hip-hop alias “Razzlekhan” to push her music online, and her husband Ilya Lichtenstein were arrested …
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South Park’s Kenny Powers Up: Meme Coin Raises Over $400,000 In Market Cap On Presale
South Park’s Kenny McCormick may be perpetually doomed, but his latest venture in the world of cryptocurrency is anything but. Burn Kenny, the new hilariously irreverent meme coin has raised over $400,000 in market cap on its presale, leaving fans excited for what’s to come. Inspired by the beloved South Park character, Burn Kenny is …
We gave ChatGPT $20,000 to invest and this is how it spent it
2023 has seen the rise of AI, with programs such as Bard and ChatGPT offering answers to any and all queries, ranging from what the weather is to writing college essays. We all know AI is based on machine learning, but how much can we trust the advice it gives? We wanted to find out …
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Ethereum Daily Users Plunge Amid Declining Network Revenue
The second quarter of 2023 brought significant challenges for the Ethereum network as its revenue experienced a sharp decline. Ethereum network revenue plummeted from $1.27 billion to $847 million during Q2, representing a staggering 33.3% drop. The network revenue for Ethereum encompasses all transaction fees paid by users to Ether validators, as well as the …
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Twitter to impose daily limits on DMs for unverified accounts, citing an effort to ‘reduce spam’
Twitter has not yet specified what the daily DM limits will be, and the move hasn’t been received well by both verified and unverified users. News Join us on social networks More controversial changes are coming to Twitter, with the social media platform set to introduce daily direct message (DM) limits for unverified users. In …
Chainlink ‘Recovering Quite Well’ After 50% Pump in a Month, Says Crypto Analytics Firm – But There’s a Catch
Crypto analytics firm IntoTheBlock is updating its outlook on Chainlink (LINK) after the blockchain oracle had a strong recovery in just one month. The firm says that with LINK’s more than 50% surge since June, the least number of Chainlink holders are seeing losses this year. According to IntoTheBlock, LINK has more room to run …
Crypto Biz: Binance slashes costs, Ripple ready for US banks and crypto VCs return
This week’s Crypto Biz looks at Binance’s ongoing efforts to curb declining profits, Ripple’s expectation that U.S. banks may soon adopt XRP and the first signs of venture capital returning to crypto. News Join us on social networks The crackdown on crypto firms by the United States Securities and Exchange Commission (SEC) appears to have …
AI21 Labs debuts anti-hallucination feature for GPT chatbots
Contextual Answers is designed for enterprise but could have far-reaching implications for the generative AI sector. News Join us on social networks AI21 Labs recently launched “Contextual Answers,” a question-answering engine for large language models (LLMs). When connected to an LLM, the new engine allows users to upload their own data libraries in order to …
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US SEC’s Spot Bitcoin ETF Approval Would Have a Global Impact, Market Awaits Regulator’s Decision
The crypto industry has been expecting a Bitcoin spot ETF for a full decade now, ever since the filings started in 2013. However, until now, […] Go to Source
Senate DeFi Bill Slammed by Think Tank as “Messy” and “Unconstitutional“
A new bill in the US Senate to regulate decentralized finance (DeFi) was slammed as ”messy,” ”unworkable,” and ”unconstitutional” by a crypto think tank. The […] Go to Source
US DOJ Accuses Bankman-Fried of Leaking Colleague’s Diary to Discredit Witness
US prosecutors alleged that Samuel Bankman-Fried, co-founder of defunct FTX, leaked his former colleague’s private diary to the media in an effort to undermine her […] Go to Source
FTX Sues Sam Bankman-Fried, Others for $1B, Says He’s Using Misappropriated Funds to Pay for Defence
FTX filed a new lawsuit against former CEO Sam Bankman-Fried (SBF) and three other executives in an attempt to recoup $1 billion for clients who […] Go to Source
Binance’s French Arm Reports A Loss of €4 Million In 2022
Binance France reported a loss of €4 million in the financial statements for 2022. The crypto exchange’s French arm currently holds €1bn in crypto assets on behalf of its clients. The exchange started recording expenses eight months before revenue, which led to the multi-million euro loss. Binance France expects to be profitable by the end …
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