Day: April 18, 2023

Elon Musk Announces Plans to Launch TruthGPT to Better Understand & Preserve Universe

Tesla’s Elon Musk touted TruthGPT as a “maximum truth-seeking” initiative that is “the best path to safety”. Elon Musk seeks to launch an artificial intelligence (AI) platform called TruthGPT to “understand the nature of the universe”. In an announcement during a media session yesterday, the Tesla CEO described the AI as a “maximum truth-seeking” initiative. Furthermore, Elon Musk also expects TruthGPT to rival the wildly popular chatbot ChatGPT in the emerging era of AI-enabled technology. As a large language model (LLM), Musk believes that TruthGPT pushes back against what he deems “left-wing” bias in the industry.…

Top Ethereum Altcoin Explodes 47% in One Week As Whales Send Millions of Tokens to Crypto Exchange

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A couple of crypto whales unloaded millions of Arbitrum (ARB) after the popular Ethereum (ETH) scaling solution witnessed significant gains this week. Blockchain tracker Lookonchain notes that the largest buyer of Arbitrum on its first day of listing back in March transferred a large stack of nearly 10,000 ARB, worth about $17 million, to top crypto exchange Binance a few days ago. Source: Lookonchain/Twitter A separate ARB whale also transferred its entire Arbitrum bag, worth $18 million, to Binance on Friday, according to Lookonchain. “The whale with 11 million ARB…

Zambia to Complete Testing Real-Life Crypto Usage Simulations by June — Government Minister – Bitcoin News

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Zambia is set to complete real-life crypto usage simulations by the end of June, Felix Mutati, the country’s science and technology minister has said. The Zambian minister said his country is seeking a balance between innovation and consumer protection. Zambia Needs to Build Digital Infrastructure Before It Introduces Crypto According to the Zambian minister of science and technology, Felix Mutati, his country is set to complete tests which simulate real-life cryptocurrency usage by the end of June. However, Mutati also argued that Zambia must focus on building a digital infrastructure…

Bitcoin․com Launches VERSE Staking as Ecosystem Token and DEX Heat Up – Press release Bitcoin News

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press release As the traditional banking system experiences growing instability with the failures of Silicon Valley Bank, Signature Bank, Silvergate Bank, and Credit Suisse, more individuals are turning to decentralized finance (DeFi) as a secure and attractive alternative. Verse DEX, Bitcoin.com’s decentralized exchange, has been flourishing as a result, enjoying a rapid surge in Total Value Locked (TVL) and gaining recognition as a reliable refuge from traditional banking woes. In recent weeks, Verse DEX has witnessed TVL increase by nearly 300%, surpassing the $15 million mark. This impressive growth has…

Hong Kong Banks to Decide on CBDC Outlook

The central bank of Hong Kong has charged other banks to come up with what they think the CBDC should look like. Hong Kong has been frantically working toward launching its own central bank digital currency, the e-HKD, in 2023. However, a huge part of the plan is now up to the other banks, according to a CoinDesk report. The central bank of Hong Kong has charged other banks to come up with what they think the CBDC should look like. That is they must decide whether it will be…

Bitcoin drops below the $30k mark: what to expect

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) has been on a downward movement for the past 24 hours and has dropped below the highly-awaited $30,000 mark. On the other hand, BTC’s price volatility seems to have cooled down for the first time since January. The largest cryptocurrency, bitcoin, is down by 0.5% in the past 24 hours and dipped by 4% from its local top of $30,950 on April 14. According to data provided by crypto.news, BTC is trading at roughly…

ETH staking passes withdrawals for the first time since Shapella upgrade

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The Ethereum blockchain underwent a successful Shapella upgrade on April 12, allowing validators to withdraw their staked Ether (ETH) from the Beacon Chain after three years. After seeing over 1 million ETH in withdrawals in the first week, the amount of staked ETH has now surpassed the number of ETH being withdrawn for the first time since the Shapella upgrade. Data from the on-chain analytic firm Nansen suggests that there are more ETH being staked at present than withdrawal requests. As of April 17, the ETH staking volume ETH staked…

Environmental Impact of AI Models Takes Center Stage Amid Criticism Against Bitcoin Mining – Featured Bitcoin News

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While bitcoin’s effect on the environment has been discussed at length over the last two years, the latest trend of artificial intelligence (AI) software is now being criticized for its carbon footprint. According to several headlines and academic papers this year, AI consumes significant electricity and leverages copious amounts of water to cool data centers. Reports Insist AI and Chatgpt Consumes a Ton of Electricity and Water In recent times, environmentalists have aimed their targets at various technologies, and during the last 24 months, a great deal of focus has…

Lesser-Known Bitcoin Indicator Signals Onset of Major Bull Run

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