Month: April 2023

Elon Musk Ramps Up Twitter AI Project Plans with Purchase of New GPUs

The move comes as a surprise, considering that Musk was recently at the forefront of another movement that raised concerns about the development of AI. Billionaire businessman Elon Musk has reportedly made some new buys in line with Twitter’s artificial intelligence (AI) project. According to a Business Insider report, Musk is forging ahead with his plans to create an AI infrastructure for Twitter and has bought almost 10,000 graphics processing units (GPUs) to this effect. Interestingly, however, the move comes as a surprise, considering that Musk was recently at the…

NFT warranties can help mass adoption of the technology, says Web3 exec

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The Web3 space has seen its fair share of exploits in the recent past, with more than $320 million exploited by hackers in the first quarter of 2023. For many users, particularly prospective users, securing their digital assets is a top priority.  A new nonfungible token (NFTs) warranty service from Web3 payment provider Wert and insurtech service Avata is trying to troubleshoot the asset security gap for both active and prospective collectors. According to the announcement, the opt-in warranty for NFTs will cover up to 90% of the value of…

Bitcoin price teases $30K breakdown ahead of US CPI, FOMC minutes

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Bitcoin (BTC) traced $30,000 on April 12 as looming United States macroeconomic data heightened nerves. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst warns markets “discounting significance” of CPI Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near the significant psychological level after overnight lows of $29,875 on Bitstamp. Consumer Price Index (CPI) data for March is due at 2.30 pm Eastern Time, followed by minutes from last month’s meeting of the Federal Reserve Federal Open Market Committee (FOMC), at which policymakers confirmed a 0.25% interest rate hike.…

Ether-Bitcoin Ratio Likely to See Deeper Decline After Shapella Upgrade: QCP Capital

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Users cannot withdraw the entire stack of over 18 million staked ether immediately after the upgrade. However, just over 1 million ETH earned in staking rewards can be pulled out immediately. Troubled entities like crypto lender Celsius might sell its staked ether balance of 158,176 ETH to recover at least a portion of creditors’ funds, according to K33 Research. Original

TRON Token TRX Slides 6% following Binance.US Delisting Announcement

In its delisting announcement, Binance.US said it would remove TRON’s TRX from its trading platform on April 18th.  TRON‘s native TRX coin recently shed 6.4% following delisting from Binance.US amid a regulatory lawsuit against founder Justin Sun. Weeks ago, the Securities and Exchange Commission (SEC) sued Sun over allegations that he sold and airdropped unregistered securities. The regulatory agency also accuses the popular crypto entrepreneur of fraud and market manipulation involving the TRX coin. Binance.US followed up the TRX delisting announcement with a statement that read: “We periodically review each digital asset we list to ensure that…

Validator service to use API for ETH staking process

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Ether (ETH) unstaking, brought about by the Shappella upgrade, a service aimed at validators, is aiming to make staking easier by utilizing Application Programming Interfaces (APIs).  In an announcement, blockchain infrastructure provider InfStones said that it’s expecting a heightened market demand for ETH staking as the Shanghai upgrade comes. Capitalizing on the event, the platform said that it is aiming to attract more participants to the Ethereum ecosystem by creating an easier staking experience through its validator service. InfStones founder Zhenwu Shi said that their Ethereum validator service lets anyone…

Bitcoin gaming enters Africa with local crypto exchange partnership

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Gamers in Africa can now send and receive small amounts of Bitcoin (BTC) while playing classic titles like Counter-Strike. Zebedee, a fintech and payments processor targeting the gaming space, has partnered with crypto exchange platform Bitnob to offer payments and gaming reward options in Africa using the Bitcoin Lightning Network (LN). Within the partnership, African users can earn Bitcoin through Zebedee-powered apps and games. Zebedee’s offering serves as a second layer in games that allows developers to replace vague in-game points rewards with satoshis, the smallest denomination of Bitcoin. Through…

US Treasury to Attempt Coercing European Countries Into Implementing Sanctions Against Russia – Economics Bitcoin News

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Officials of the U.S. Treasury Department will travel to Europe this month with the objective of getting more countries to apply punitive actions against Russia. The tour, which includes visits to Switzerland, Italy, and Germany, aims to stop the material support companies in these states provide Russia, threatening to cut trade if they don’t comply. US Treasury to Demand Implementation of Sanctions Against Russia in Europe The U.S. government is seeking to forcefully disable the trade relations that Russia still has with companies and countries in Europe. According to AP,…

OpenAI launches bug bounty program to combat system vulnerabilities

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Amid privacy and cybersecurity issues and recent bans by different countries, artificial intelligence (AI) company, OpenAI released a program to combat vulnerability concerns. OpenAI, the company behind ChatGPT, on Tuesday, announced the launch of The OpenAI Bug Bounty Program to help identify and address vulnerabilities in its systems. According to the announcement the program rewards security researchers for their contributions to keeping OpenAI’s technology and company secure. OpenAI invited the global community of security researchers, ethical hackers and technology enthusiasts, offering incentives for qualifying vulnerability information. The AI company believes…