Day: May 16, 2023

3 reasons why Ethereum price could struggle at the $1.9K level

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Since May 12, Ether (ETH) price has been struggling to sustain its $1,800 support level as investors face pressures from a worsening crypto regulatory environment and the Ethereum network’s high gas fees. Also negatively impacting Ether’s price are 3 indicators signaling reduced demand for its decentralized applications (DApps) and a lack of leverage buying demand from professional traders. Regulators signal their plan to further limit crypto intermediaries According to court documents filed on May 15, the U.S. Securities Exchange Commission (SEC) has given a formal response in court in relation…

OpenAI CEO Sam Altman testifies in ‘historic’ Senate hearing on AI safety

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Sam Altman, the CEO of OpenAI and co-founder of Worldcoin, recently testified before Congress alongside IBM’s chief of trust, Christina Montgomery, and NYU professor Gary Marcus.  The Senate Judiciary Privacy, Technology, & the Law Subcommittee session represented Altman’s first official appearance before Congress, giving senators the opportunity to question the OpenAI CEO concerning his company’s views on regulation. ‘If this technology goes wrong, it can go quite wrong.’ OpenAI CEO Sam Altman admitted during a Senate hearing that his ‘worst fears’ are causing ‘significant harm to the world’ via developing…

Bitcoin and bitcoin (BTC) mining are a threat to the energy-use status quo – and that’s a good thing

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Some Bitcoin industry actors are finding ways to turn the power consumption paradigm on its head. My company, Aspen Creek Digital Corporation (ACDC), is using bitcoin mining’s energy demands to stand up new renewable assets like solar, wind and batteries. Over the next three years, ACDC will help stand up a 3-gigawatt pipeline of solar energy, with current operations in Colorado and Texas – the equivalent of 6 million homes’ worth of power. Our facilities are powered by renewables that are sized greater than our needs, so we can send…

Can you recover stolen Bitcoin from crypto scams?

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The process of recovering stolen Bitcoin (BTC) from cryptocurrency scams is difficult and complex. The prevalence of cryptocurrencies has led to an increase in scams and other fraudulent practices that prey on the gullible. Numerous people have suffered significant financial losses as a result of falling for different crypto scams, such as phishing, rug pulls and hacker attacks. Although cryptocurrencies like Bitcoin’s decentralized and pseudonymous structure have some benefits, they also create major obstacles for recovering stolen funds. This article will delve into the various methods and potential avenues for…

Surge in Ordinal Inscriptions Ignites Exponential Growth in BRC20 Token Economy – Bitcoin News

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Over the past four days, there has been a surge in Ordinal inscriptions, and as a result, the BRC20 token economy has experienced significant growth with over 10,000 additional coins. The current value of the BRC20 token economy now stands at $497.75 million, comprising a total of 24,677 distinct tokens. Bitcoin Users Issued More Than 10,000 New BRC20 Tokens In a Permissionless Fashion in 4 Days Bitcoin is embracing functionalities that were previously synonymous with the Ethereum blockchain, such as the innovation of new tokens and the generation of non-fungible…

River CEO says bitcoin interest fueled by institutional investors after $35m capital raise

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied River Financial, a San Francisco-based bitcoin technology and financial services institution raised $35 million in a new equity funding round, with the company’s CEO stating that institutional adoption rather than hype is mostly fueling a renewed interest in bitcoin.  River’s new funding round raises $35 million River’s series b funding was led by London-based investment management company Kingsway Capital, as stated in a press release. Other participants in the fundraise include Paypal co-founder and billionaire Peter…

Ledger Bats Back Criticism of New Wallet Recovery Service

“Ledger, the company that has experienced multiple security breaches that exposed the personal information of hundreds of thousands of its customers, now wants you to export your private keys from your hardware wallet and give fragments to them, Coincover, and an unnamed third party, where any two can siphon funds,” tweeted ChainLinkGod.eth, a community ambassador for the crypto infrastructure firm, Chainlink. “To facilitate recovery, they need you to dox yourself and give even more of your personal information, allowing anyone with your identity documents (e.g. from other data breaches) to…

Conflux and China Telecom debut first on-chain interaction with Blockchain SIM card – Blockchain News, Opinion, TV and Jobs

Conflux Network, the first regulatory compliant public blockchain in China and global communications network, China Telecom, today unveiled its jointly developed Blockchain SIM (BSIM) card at the Xuhui District West Bank Artificial Intelligence Center in Shanghai. In a world first, the BSIM card is a mobile user identification card based on blockchain technology. With an appearance nearly identical to traditional SIM cards, the BSIM card is fully compatible with mainstream mobile terminal systems such as Android and iOS. It also boasts storage space 10-20 times larger than traditional SIM cards…