Day: April 24, 2023

Nearly 1,000 Ancient Bitcoins from 2010 and 2011 Moved in 2023, Valued at Over $27 Million – Bitcoin News

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Based on present data, within the last four months, a mere three block rewards from the year 2010 have been transferred after 13 years of dormancy. This is due to the fact that dormant wallets from that era are becoming a rarity to behold. The latest expenditure of a 2010 block took place on April 22, 2023, at 11:14 p.m. (UTC), when a miner spent 50 bitcoin that was valued at approximately $1.3 million. A historic moment occurred today, as a transfer of 400 bitcoin from 2011 took place, marking…

Redefining the yield ecosystem with Cake DeFi CEO

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The first quarter of 2023 provided much-needed relief to the entire crypto community — from investors and miners to businesses and developers — as Bitcoin’s (BTC) bull sprints helped crypto market participants recoup losses from prior investments.  However, not all sub-ecosystems managed to replicate the recovery with the same intensity. In particular, the decentralized finance (DeFi) sector suffered massive hacks, ultimately shaking investors’ confidence. The DeFi ecosystem initially attracted investors seeking passive revenue streams, but 2022’s unforgiving bear market nullified many of the gains made from assets earned over time.…

Binance integrates ChatGPT into the Web3 Academy

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The artificial intelligence (AI) chatbot ChatGPT took the world by storm after its latest release in late November 2022. While initial reactions included much opposition to the technology, the technology continues to witness growing implementations.  Cryptocurrency exchange and blockchain developer Binance announced that it is integrating ChatGPT into its education platform Binance Academy. In a blog post on April 24, the company introduced its new AI-driven tool which it calls the “Binance Sensei.” Introducing #Binance Sensei, your personal crypto assistant powered by AI. Learn all there is to know about…

Ethereum up 20% in April while Markets Pro sees 379% gain in one day

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Cointelegraph Markets Pro stunned traders on April 8th with a massive 379% gain from a single alert. The AI-powered crypto trading platform detects market-moving events as they happen. One of the indicators pointing to these events is the VORTECS™ score. On April 7th, the OG Fan Token was getting ready for a remarkable rally. OG Fan Token is a cryptocurrency created for esports clubs to interact easier with their fans. In partnership with the blockchain mobile applications Socios.com, the OG esports club powered by the CHZ token aims to enhance…

Coca-Cola Releases Q1 2023 Results, Beats Estimates & Doubles Down on Yearly Outlook

According to its Q1 2023 report, beverage giant Coca-Cola realized revenue of $10.96 billion on higher product prices and increased demand. Coca-Cola (NYSE: KO) published a Q1 2023 earnings report that beat estimates, largely by benefitting from price increases and higher demand. For the first quarter of 2023, the beverage giant pulled in revenue of $10.96 billion adjusted. This haul compares favorably to the $10.8 billion analysts expected for the same period. For Q1 2023, Coca-Cola also realized earnings per share (EPS) of 68 cents adjusted versus the consensus estimate of 64 cents…

LVMH Becomes First European Company to Exceed $500B Market Value

As LVMH records new levels in market valuation, its CEO and co-founder of the company is currently the world’s richest person. Luxury goods company LVMH has become the first European company to exceed $500 billion in market value. LVMH, which engages in the design, manufacture, and sale of luxury products globally, is the parent company of Louis Vuitton, Hennessy, and Moet & Chandon. Its other subsidiaries include Dior, Bvlgari, Sephora, Kenzo, Givenchy, etc. For Q1 2023, LVMH reported a 17% increase in Q1 sales, representing more than X2 of analysts’ expectations.…

Cosmose AI and NEAR Foundation Partner to Improve Retail Shopping

Through the partnership with NEAR Foundation, Cosmose AI will expand its individualized experiences to its worldwide clientele through several channels. Cosmose AI, a leading AI and retail company, is partnering with NEAR Foundation to bring Web3 personalization to retail shopping. While the strategic investment by the NEAR Foundation was not disclosed, it raised the valuation of Cosmose AI from $100 million to $500 million. The partnership will leverage the power of AI and blockchain to create hyper-personalized shopping experiences that increase loyalty and happiness. It will also incorporate a new…

How to distinguish a good crypto project from a bad one

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The world of crypto can be a daunting place to adventure in and with the inherent risk of capital, figuring out how to distinguish a good project from a bad one could be the difference between a bumpy ride or a smooth journey. Here are 10 data points to help you figure out whether a project could be worthy of investment or should be desperately avoided. Utility — the differentiating factor The utility of a crypto project can be the difference between a successful or unsuccessful project tenure. The reason…

China to expand CBDC use case for Belt and Road Initiative

China is expanding the use cases for its central bank digital currency (CBDC) called digital yuan or e-CNY for its Belt and Road initiative and cross-border trades. The digital yuan a.k.a. digital RMB was one of the first CBDCs to be developed and widely tested. While there hasn’t been an official launch, the government has expanded its testing parameter to include multiple cities and millions of people. A plan promoting the use of the Chinese digital currency in cross-border trade was issued in Xuzhou city, which serves as the departure…

The day the last withdrawal is locked

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Imagine the feeling (maybe you’ve experienced this before): you’re a regular person, somewhat familiar with cryptocurrency. You’ve heard the phrase “Not your keys, not your crypto,” and sure, that makes sense for some of those sketchier exchanges, but this is Exchange Corp (let’s use this as a hypothetical example). Everybody trusts Exchange Corp. You saw their CEO on cable news the other day, and he sounded very trustworthy. In fact, he even said on his Twitter that your coins always belong to you, even when you hold them on Exchange…