Day: May 29, 2023

Terra classic developers delay v2.1.0 upgrade to allow for more tests

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In the updated Q2 plan, the L1JTF team is delaying the release of v2.1.0. The project manager for L1JTF, LuncBurnArmy (LBA), said the original release date of May 31 has been moved to June 14 to allow for more testing. The L1 Joint Task Force (L1JTF) is currently concentrating on finishing the network’s v2.1.0 upgrade which aims to revitalize the Terra Classic blockchain. Once completed, Terra Classic will be compatible with Luna 2.0 and Cosmos. LBA…

Bitcoin’s price surges past $28k as non-zero BTC addresses reach 5-year high

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The global capitalization has surged by roughly $27 billion in less than 24 hours as bitcoin (BTC) rallied above $28,000. The largest cryptocurrency by market cap, BTC, has been consolidating between $26,700 and $27,100 since May 11. However, with the recent global hike, the coin is now up 3% in the past 24 hours. BTC price – May 29 | Source: Trading View When writing on May 29, bitcoin is trading at around $28,025. Its 24-hour…

Those Without AI Expertise Will Be Left Behind

According to Jensen Huang, those who are afraid that AI might take their jobs are wrong. It will be those with AI expertise who will steal their jobs. In addition, the AI industry will transform every single job, open a lot of new opportunities for those with experience and create numerous vacancies. Jensen Huang, CEO of the world’s leading artificial intelligence (AI) chip maker Nvidia Corporation (NASDAQ: NVDA), strongly believes that AI expertise is everything. As Jensen Huang stated during his commencement speech on Saturday, individuals and companies with a…

Blockchain Network Fantom Now Pays 15% of FTM Token Fees Back to Eligible Projects

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Lawyer uses ChatGPT in court and now ‘greatly regrets’ it

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A New York attorney has been blasted for using ChatGPT for legal research as part of a lawsuit against a Columbian airline. Steven Schwartz, an attorney with New York law firm Levidow, Levidow & Oberman, was engaged by Robert Mata to pursue an injury claim against Avianca Airlines. Mata claims he sustained the injury from a serving cart during his flight with the airline in 2019, according to a May 28 report from CNN Business. However, after a judge noticed inconsistencies and factual errors in the case documentation, Schwartz has…

‘Dealt with firmly’ — Bali governor issues warning to tourists using crypto

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Bali’s government is cracking down on tourists paying for goods and services using cryptocurrency, with the island’s governor sending a reminder that Indonesia’s fiat currency is the only legal tender. On May 28, the government-owned news agency Antara reported Bali’s governor Wayan Koster hosted a press conference the same day and said tourists who “use crypto as a means of payment […] Will be dealt with firmly.” “Strict actions range from deportation, administrative sanctions, criminal penalties, closure of business premises and other tough sanctions,” he added. The meeting was attended…

Debt ceiling, bank crisis set for ‘powder keg’ explosion: BitMEX co-founder

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Former Bitmex CEO Arthur Hayes is expecting to see significant Bitcoin volatility in the latter half of the year, caused by a “powder keg” explosion from the United States banking crisis and soaring national debt.  Hayes, who currently runs a crypto-focused investment fund called Maelstrom, spoke on the What Bitcoin Did podcast on May 26, where he made a number of predictions about the current economic outlook and the price of Bitcoin (BTC). Notably, Hayes said that he expected the original cryptocurrency not to reach the $70,000 mark until 2024.  “I don’t…

Reddit collectible avatars onboard nearly 10M into the crypto, NFT space

Social platform Reddit is close to breaching 10 million holders of its collectible avatars, or “Reddit NFTs,” nearly 11 months after its launch in July 2022.  According to Dune Analytics, there are currently a total of 9,909,465 million Reddit collectible avatar holders. Around 7.7 million of these are identified as single collective avatar holders, or those that do not have multiple wallets. Reddit Collectible Avatars – Source: Reddit Reddit launched a collectible avatar marketplace on the Ethereum scaling network Polygon in July 2022. NFTs in the customizable collection have been…