Month: March 2023

ChatGPT won’t replace developers – ETHDubai devs weigh in

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The newest version of ChatGPT has caused a stir online, scoring high marks for SAT tests and highlighting vulnerabilities and exploits in Ethereum smart contracts. GPT-4 is the latest version of the highly influential artificial intelligence (AI) language model, boasting ‘human-level performance on various professional and academic benchmarks,’ according to its developer OpenAI. Aside from outstanding scores on a range of various professional and academic benchmarks, GPT-4 has also demonstrated the ability to review Ethereum smart contracts, highlighting vulnerabilities and even suggesting potential ways to exploit the code. I dumped…

Bitcoin Options Market Still Afraid of USDC Volatility

Bybit and Deribit calculate the payoff or profit/loss from the options trade, referencing the dollar value of the underlying asset (BTC). However, at Deribit, the actual settlement is paid in BTC, while Bybit uses USDC. Settlement refers to resolving the contract between trading parties through exchange of cash or actual underlying asset. Source

Bitcoin Isn’t Trading as a Currency, but as a Speculative Asset: Morgan Stanley

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Bitcoin whales sent over 21k BTC to exchanges in 48 hours

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Bitcoin (BTC) whale activity has recently seen an uptick, with deep-pocketed addresses sending up to 21,851 ($545 million) to exchanges in the past 48 hours. The development comes on the back of the recent market-wide rally that saw BTC reclaim the $26,000 price. Whale-tracking resource Whale Alert drew public attention to the recent surge in whale activity, highlighting seven transactions involved in the massive exchange inflow. The latest transactions saw an unknown address transfer 1,000 BTC ($24.8 million) to Gate.io today at 2:39 AM (UTC). This transaction was preceded by…

USDC Issuer Circle Updates Its Community on Its Stablecoin Operations

As unveiled by Circle, it has started processing its redemption through a new banking partner after it was able to access the funds worth $3.3 billion locked up in Silicon Valley Bank. Circle, the American startup behind the world’s second-largest stablecoin, USDC has revealed details about its operation to its community. As revealed in a blog post published on March 14, Circle said it has resumed its regular operations including the redemptions of the USDC stablecoin. The previous week marked a significant period for Circle as it not only got…

Study Finds El Salvador Remains One of the Countries Most Interested in Bitcoin – News Bitcoin News

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A recent study that examined the interest of several countries in bitcoin and crypto ranked El Salvador as second for having the most interest in the issue. While the U.S. was still ranked first, El Salvador’s high rank comes amidst criticism President Nayib Bukele has drawn from Salvadorans for his push for bitcoin adoption. El Salvador Retains Interest in Bitcoin El Salvador ranks amongst the countries most interested in learning about bitcoin and its uses, according to a recent study made by Crypto Betting, a decentralized gaming portal. The study,…

Filecoin Virtual Machine Goes Live on Mainnet, Now Supports Smart Contracts and User Programmability

The arrival of the Filecoin Virtual Machine on the mainnet presents a slew of rewarding opportunities to developers.  The Filecoin Virtual Machine (FVM) recently went live on the mainnet, with the payment system’s blockchain now supporting added features. These features include smart contracts and user programmability through the Filecoin Virtual Machine. Launching the FVM on the mainnet also opens up the great potential of an open data economy. Breakdown of Filecoin Virtual Machine Mainnet Launch Capabilities The Filecoin Virtual Machine mainnet launch sees the network become programmable for the first…