Day: April 21, 2023

Bitcoin’s dramatic plunge from $31k

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin’s dramatic fall from its high of $31,000 has left the market reeling, with experts analyzing the factors that contributed to this sudden downturn and questioning the cryptocurrency’s future as a viable investment. After a seemingly unstoppable surge, bitcoin’s meteoric rise to $31,000 appears to have reached its peak, as the leading cryptocurrency has seen a significant decline in value currently sitting at $27,300. Market sentiment has shifted, and experts are trying to make sense of…

Toy Manufacturer Mattel to Launch P2P Marketplace for Virtual Collectibles on NFT Platform – Blockchain Bitcoin News

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On April 20, the American toy manufacturing company Mattel announced an update to its virtual collectibles platform, which will go live on April 27. The peer-to-peer platform, called Mattel Creations Virtual Collectibles, will coincide with the Hot Wheels NFT Garage Series 5, featuring some of Hot Wheels’ most popular car designs. Mattel Creations Virtual Collectibles Platform to Launch Peer-to-Peer Market Feature The toy manufacturer Mattel, Inc. (Nasdaq: MAT) is continuing to expand into the non-fungible token (NFT) realm with the latest update to its Mattel Creations Virtual Collectibles platform. The…

Keep personal info of FTX users private

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Jeremy Sheridan, former assistant director of the United States Secret Service Office of Investigations, has warned that certain FTX customers could become targets if their personal information were to be made public. In an April 20 declaration filed with the U.S. Bankruptcy Court for the District of Delaware, Sheridan supported a motion from the debtors which would withhold “certain confidential information” of FTX users. According to Sheridan, currently a managing director for FTI Consulting, releasing the names of customers associated with the failed crypto exchange imposes “a severe and unusual…

Ethereum is going to transform investing

Ethereum is often depicted as traditional finance’s adversary in a Manichean struggle for decentralization. In reality, there isn’t any conflict at all. Rather than subverting the traditional financial sector, Ethereum is improving it. Soon, the two systems will be inextricably entwined.  Ethereum’s core value propositions — self-custody, transparency and disintermediation — are enormously relevant to financial institutions, and they can be realized within existing regulatory frameworks. Ethereum has already taken the first steps toward institutional adoption, and with its unmatched network decentralization, it is all but destined to become the…

Innovate some compliance mechanisms, US Treasury official tells DeFi community

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The United States Treasury did a risk assessment of decentralized finance (DeFi) and found the sector lacking in several ways, Assistant Treasury Secretary for Terrorist Financing and Financial Crime Elizabeth Rosenberg reminded an audience at the Atlantic Council think tank on April 21. Get ready for more regulation, she said. Rosenberg was referring to a report released earlier in April by the Treasury that found scammers, money launderers and North Korean hackers benefitting from the lack of Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) compliance in the sector.…

What is Decentralized Media? How Web3 is Making Its Way Into Journalism

In order to build a Web3 community around its show, Coinage has released three different tiers of NFTs. The Network membership passes, distributed at Coinage’s launch, help to fund and give holders the ability to co-own the content of the show. In addition, Subscriber membership passes allow exclusive access to Coinage’s content before it gets released to the public on YouTube and Caucus passes allow holders to weigh in on the topics that Coinage covers. Source

How Blockchain Pioneers David Rojas and Ashissh Raichura Are Disrupting the Industry With Their Vision and Leadership – Sponsored Bitcoin News

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sponsored Blockchain technology has been a significant disruptor in various industries over the past decade, and it’s only expected to continue growing in influence and adoption in the coming years. In particular, David Rojas and Ashissh Raichura have earned a reputation as industry leaders in blockchain and cryptocurrency. Over the past decade, Buterin and Ethereum have been at the forefront of driving innovation and adoption in the industry. Along with other established players like Bitcoin and newer projects like Solana and Polkadot, Buterin and Ethereum are among some of the…

EU looks under the hood of Big Tech algorithms, Musk’s TruthGPT and more

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Whether the intelligence can provide truthful answers will have to be seen, but the move would undoubtedly strengthen Musk’s business portfolio, which already includes SpaceX and Twitter, both companies sharing Musk’s curiosity about the universe and his approach to truth. Speaking of facts, European authorities are strengthening regulations on AI projects by launching a new research hub to investigate Big Tech algorithms. A team of multidisciplinary experts will be in charge of looking “under the hood” of large search engines and online platforms to examine how those algorithms contribute to…