Day: April 27, 2023

Russian Bitcoin (BTC) Wallets Allegedly Exposed by Apparent Hacker

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The unknown individual used a feature in how the bitcoin blockchain documents transactions to identify 986 wallets controlled by the Foreign Military Intelligence Agency (GRU), Foreign Intelligence Service (SVR), and Federal Security Service (FSB), Chainalysis, which works closely with the U.S. government, said in a post shared with CoinDesk. Written in Russian, the vigilante’s messages accuse the wallets of being involved in hacking activity. Original

Santa Cruz Adopts Blockchain for Govt Services

The County of Santa Cruz in northern California has become the latest local government to adopt blockchain technology for governmental services. At a meeting of the Board of Supervisors on April 25, 2023, members unanimously voted to move forward with implementing digital wallets for government services and official documentation purposes. The white-label digital wallet will be powered by HUMBL and will launch a three-stage pilot program starting in July 2023. During the pilot period, beta testers, such as mobile users seeking access to government services like bicycle registration and RV…

Ethereum Price to Peak at $2,758 This Year, Then Fall to $2,342 by 2023’s End, Finder Experts Say – Markets and Prices Bitcoin News

A recent survey made public by the online comparison platform Finder.com has revealed the predictions of 32 professionals in the fields of fintech and cryptocurrency. The specialists have expressed their conviction that ethereum, the second largest digital asset by market capitalization, will culminate at $2,342 per unit by the end of 2023. Optimistic Outlook for Ethereum as Finder Survey Forecasts $5,491 by 2025 and $14,814 by 2030 Crypto and fintech specialists have convened to predict ethereum’s (ETH) future price in the latest Finder’s prediction report. Along with the projected price,…

US GDP misses goal as Bitcoin price seeks to erase ‘ultra nasty’ 7% dip

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Bitcoin (BTC) stuck to $29,000 at the April 27 Wall Street open as United States GDP growth missed expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. GDP figures reveal surprise slowdown Data from Cointelegraph Markets Pro and TradingView showed BTC/USD once again stagnant after flash volatility the day prior. The largest cryptocurrency had liquidated over $300 million in long and short positions after a snap correction over claims that Mt. Gox and U.S. government bitcoins had left their wallets. A subsequent rebound rescued some of the losses, but $30,000…

Decentralized file storage pricing differentials persist despite market growth: Report

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According to a new report published by Singaporean venture capital firm Foresight Ventures, the cost of decentralized file storage on blockchains such as Filecoin, Arweave, Swarm, StorJ, and Sia currently ranges from near zero to $4 per terabyte (TB) per month. This is much lower than traditional Web2 services such as Amazon Cloud or Microsoft Azure, where prices can range from $16 to $23 per TB of monthly storage. However, the report also outlined other costs associated with decentralized storage, such as data upload fees and retrieval fees, the latter…

Meme Coins that Are to Change Your Mind on Crypto Investing

Meme coins may be fun, but it’s obviously not just that. Tokens such as Dogecoin and Shiba Inu are clear proof that this kind of asset can have real gain potential Crypto investing has long been all about Bitcoin and Ethereum, but have you ever considered diversifying your portfolio? There are so many alternatives to these big-name cryptocurrencies that it’s hard to choose something, but let’s take it easy. We’ll focus on a specific type of digital coin that has managed to catch investors’ attention in a relatively short period…

Bitcoin Stays Stagnant with Strengthened DXY Negative Correlation as US GDP Slows

The US Commerce Department’s recent shows that economic growth and GDP have slowed even as Bitcoin struggles to regain $30,000. The price of Bitcoin (BTC) has remained relatively stagnant for about a week as the US gross domestic product (GDP) is slowing. Currently trading at $28,870 according to CoinMarketCap data, BTC has been unable to hit $30,000, last seen briefly on the 19th of April, and not seen in the first quarter of the year. This trend follows the GDP’s slowing in the same period. An economic downturn characterized the…

Standard Chartered-backed Zodia Crypto Custody Raises $36M in Funding Round Led by SBI Holdings

With the SBI investment, Zodia Custody will increase its Japan presence amid increased demand for digital assets from institutional investors in the country. Zodia Custody, an institutional-grade crypto asset custodial platform backed by Standard Chartered in association with Northern Trust, has announced that it raised approximately $36 million led by Japanese financial conglomerate SBI Holdings. The London-headquartered crypto startup announced that the funding round also saw participation from SC Ventures, Standard Chartered’s venture arm. As a result, SBI Holdings is now the second-largest shareholder in Zodia Custody after Standard Chartered…

Merck Q1 2023 Report Shows Revenue Drop as COVID Treatment Sales Crash, MRK Stock Down 1%

Affected by reduced demand for Covid drug Molnupiravir, Merck has published reduced revenue figures according to its Q1 2023 report. Multinational pharmaceutical giant Merck & Co Inc (NYSE: MRK) has released its Q1 2023 report. The company’s figures show a reduction in revenue due to several factors, including a plunge in sales. According to published figures, Merck’s Q1 revenue is 9% lower than reported in Q1 2022. This is mainly because its Molnupiravir Covid treatment drug has seen a considerable drop in demand. At the press time, MRK stock is 1%…

7 popular tools and frameworks for developing AI applications

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Artificial Intelligence (AI) is a rapidly growing field with numerous applications, including computer vision, natural language processing (NLP) and speech recognition. To develop these AI applications, developers use various tools and frameworks that provide a comprehensive platform for building and deploying machine learning models. This article will discuss the seven popular tools and frameworks used for developing AI applications: TensorFlow, PyTorch, Keras, Caffe, Microsoft Cognitive Toolkit, Theano and Apache MXNet. These tools have become the go-to choice for developers thanks to their ease of use, scalability and efficient execution of complex…