Month: April 2023

AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets – Blockchain Bitcoin News

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A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into the largest Asian markets, and the company now has a valuation of $250 million. Cryptogpt Startup Raises $10 Million; Startup Now Has a $250 Million Post-Valuation Artificial intelligence (AI) has become a popular subject in 2023 as AI projects, such as Midjourney…

Chinese authorities to enforce security reviews for AI services

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Governments around the world are finding themselves face to face with questions on how to handle the swift rise of artificial intelligence (AI).  In China, local authorities announced that they plan to enforce a mandatory review of generative AI services prior to their public operation. According to a statement on the website of the Cyberspace Administration of China – China’s internet regulator – providers of AI services have a responsibility to make sure all content is accurate, respects intellectual property (IP) and does not discriminate or endanger security. Additionally, all…

Summer’s Price Rises After the Halving as Expected – Press release Bitcoin News

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press release PRESS RELEASE. The Seasonal Tokens economy has gone through its second change of season. Like bitcoin, the four tokens – Spring, Summer, Autumn and Winter – go through regular halvings of the supply from mining. Every nine months, the rate of production of one of the tokens is cut in half. On the 6th of March, the Summer halving took place. Summer went from being produced at the fastest rate of the four tokens, to the slowest. As the market adjusts to the lower rate of supply after…

BNB Greenfield hits testnet, decentralized storage coming to BNB Chain

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The BNB Chain ecosystem is set to integrate decentralized storage solutions after testing of its BNB Greenfield began on April 10.  BNB Greenfield is modeled to emulate conventional Web2 cloud storage solutions, providing fast and cost-effective data services in combination with enhanced ownership and integration for Web3 applications and services. The announcement of the testnet shared with Cointelegraph outlined initial features that will allow users and developers to begin using decentralized storage. Data permission can be moved cross-chain to the Binance Smart Chain (BSC), allowing data to be turned into…

Ripple to Work with Central Bank of Montenegro to Launch Its CBDC Project

Ripple said that the CBDC project will involve several stages such as identifying the practical application of the CBDC, simulating its circulation, as well as its use under controlled conditions. In an interesting development on Tuesday, April 11, blockchain startup Ripple joined hands with the Central Bank of Montenegro (CBCG) to build a pilot program for the launch of the country’s central bank digital currency (CBDC). So far, Montenegro has been using the Euro as its currency ever since its introduction in 2022. As part of their partnership, Ripple will…

Coinbase Senior Director Leaves Company to Start New Crypto Project

Vishal Gupta ends his two-and-a-half-year stint at Coinbase as the proceeds to undertake a new crypto project, said sources. There’s yet another major exit from a senior position at crypto exchange Coinbase. On Monday, April 10, Coinbase’s senior director of product management – Vishal Gupta – announced an exit from the company. Sources familiar with the matter said that the decision comes as Gupta is planning to work on a new crypto project. Although the details regarding the new project are unclear, Gupta plans to continue working in the crypto…

Huobi Realizes $30 Million Q1 2023 Profit amid Restructuring Plans

Following its Q1 2023 profit, Huobi expects an even bigger net income haul of $110 million for the second quarter. Crypto exchange Huobi reportedly made a tidy $30 million in profit for Q1 following a restructuring. The Seychelles-based company’s return to profitability came after cutting down its workforce and benefits accruable to employees. According to Huobi Global’s de facto owner Justin Sun, the exchange realized a quarterly revenue of $150 million against $120 million in expenditures. Sun further explained that Huobi took “a large number of measures were taken to reduce costs…

Bitcoin (BTC) Price Retests $30K as It Hits New Multi-Month High

With the Federal Reserve refusing to back down on its rate hikes, investors are beginning to turn to risk-on assets to safeguard any potential fallout from hawkish monetary policies. The price of Bitcoin (BTC) has been impressing investors with its recent performance which saw it breach the $30,000 resistance for the first time since June 2022. At the time of writing, Bitcoin is now changing hands at a price of $30,097.78, up by 6.42% over the past 24 hours according to data from CoinMarketCap.  Bitcoin’s parabolic growth thus far this…