Day: March 31, 2023

Non-Fungible Token Sales Slid 31% Lower in March With $882 Million in NFT Sales – Market Updates Bitcoin News

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According to statistics, the number of non-fungible token (NFT) sales in March was 31.42% lower than the previous month, dropping from $1.03 billion in sales for February to $882.89 million. The number of NFT buyers and transactions also declined, by 22% to 29%, over the last 30 days. March NFT Sales Slow, Ethereum Sales Dominate by Over 60% In March, sales of non-fungible tokens (NFTs) dropped by 31% compared to the previous month, as the number of buyers and transactions declined. Data shows that in February, NFT sales reached $1.03…

Elon Musk Reportedly Planning to Visit China to Meet with Premier Li

Tesla CEO Elon Musk appears set to visit China amid an increasingly frosty relationship between Beijing and Washington.  Elon Musk reportedly plans to visit China in April to meet with the country’s Premier Li Qiang. However, inside sources explained that the timing of Musk’s visit remains subject to Li Qiang’s availability.  The Elon Musk trip to China would be the first time the Tesla (NASDAQ: TSLA) CEO would visit the East Asian nation since Covid. Musk last visited China when President Xi Jinping was still serving his second term as leader of…

Coinbase CEO Is Against Call to Suspend ChatGPT Development

Though the Coinbase CEO is very clear in his support for ChatGPT, many other tech leaders blatantly disagree with him. Brian Armstrong, the Chief Executive Officer (CEO) of American publicly traded crypto exchange Coinbase Global Inc (NASDAQ: COIN) has come out to kick against the call to stop the development of ChatGPT, the chatbot developed by OpenAI. Armstrong took to his Twitter page to dissociate himself from the call for the halt as he noted that for advancement to be made, fear must not be allowed to prevail over innovation.…

Elon Musk-led petition to halt AI development divides tech community

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Tesla CEO Elon Musk and Apple co-founder Steve Wozniak were signatories on an open letter signed by more than 2,600 tech industry leaders and researchers. The open letter called for a temporary halt on any further artificial intelligence (AI) development. The petition shared concerns that AI with human-competitive intelligence can pose serious hazards to society and mankind. It urged all AI firms to “immediately cease” developing AI systems that are more potent than Generative Pre-trained Transformer 4 (GPT-4) for at least six months. GPT-4 is a multimodal large language model…

White House to tighten banking regulation amid crypto resurgence

The US government is tightening its banking and AI regulations as cryptocurrencies profit from the recent US banking crisis. In a March 30 press briefing, White House press secretary Karine Jean-Pierre announced that the president had directed banking agencies to consider a series of reforms to reduce the risk of future banking crises. This announcement comes on the heels of public concern over recent bank failures attributed by experts to the weakening of regulatory measures under the Trump administration. The proposed reforms include stronger liquidity and capital requirements, more rigorous…

OKX launches AI integration to monitor market volatility

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After the latest update of the infamous artificial intelligence (AI) chatbot ChatGPT-4, the technology has been a buzzword inside and outside the crypto industry. While opinions on the technology may be mixed, companies continue to integrate AI to enhance their user experience. On March 31, the cryptocurrency exchange and Web3 technology company OKX announced that it will be launching a new integration from EndoTech.io which utilizes AI algorithms to capture crypto market volatility. The algorithms incorporate both machine learning and “other advanced techniques” in an effort to conduct real-time analyses…

Huobi partners with Gala Games for L1 and Web3 development

Huobi Global, a cryptocurrency exchange, has declared a strategic partnership with Gala Games, a blockchain-based play-to-earn gaming platform.  In an official blog post on March 31, Huobi announced a partnership with Gala Games for the development of the Web3 ecosystem. The two companies will collaborate to invest in and list projects within the Gala ecosystem. Gala Games enables developers to create play-to-earn crypto and non-fungible token (NFT) games, which allow players to buy and sell in-game items. Once purchased, these in-game items cannot be modified or deleted by developers without…

MetaBirkins Artist Mason Rothschild’s Latest NFT Project Ignites Market

For one, the project plans to collaborate with several NFT artists to design its rotating artwork. Collectors have the option to “freeze” their NFT’s metadata on an artwork that they like, resulting in a collection with evolving rarity that will reveal itself over time. However, users will not know which artist Gasoline has commissioned until the next artwork shift is made, shifting the focus to the art rather than the artist. Source

Italy blocks ChatGPT, investigates suspected violations

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Italy’s watchdog in charge of protecting data has announced that it’s temporarily blocking the artificial intelligence chatbot ChatGPT and is opening an investigation over suspected breaches of data privacy rules.  The data protection agency has ordered the immediate limitation of data processing for Italian users by OpenAI, the United States company behind ChatGPT. The agency highlighted that this was a response to the recent data breach that the AI platform suffered on March 20. We believe the number of users whose data was actually revealed to someone else is extremely…