Day: May 31, 2023

USDT Issuer Tether Invests in Georgia Payment Processor CityPay.io

Stablecoins are a key piece of plumbing in the crypto ecosystem, bridging government-issued currencies and facilitating trading. Issuers are increasingly boosting stablecoins as a means for payments and remittances, especially in the developing world. Recently, Bitcoin-based payments app Strike integrated USDT as part of its global expansion to 65 countries. Earlier, rival stablecoin issuer Circle teamed up with payment firm Block’s (SQ) subsidiary TBD to offer remittance payments using its own stablecoin, USDC. Source

Bitcoin hodlers exited ‘capitulation’ above $20K, new metric hints

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Bitcoin (BTC) is in a “transition,” which should pave the way to the next bull market top, new research has concluded. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode unveiled its latest tool for tracking Bitcoin’s resurgence. Bitcoin hodlers in “transition” After the 2022 bear market and signs of recovery in Q1 this year, on-chain metrics have undergone a broad transformation, many suggesting that a long-term BTC price bottom is already in. With price action stagnating since mid-March, however, doubts have returned — along…

Blockchain Analytics Firm Nansen Cuts Workforce by 30%

Nansen has promised to work assiduously with its remaining team to ensure they provide the best services to their customers as well as build the best workplace in crypto. Nansen, a leading startup in the blockchain technology industry, has recently announced a significant reduction in its workforce. The news of the 30% cut in blockchain data analytics firms has caused quite a stir in the industry, with many speculating on the reasons behind the decision. According to the blockchain analytics platform’s Chief Executive Officer (CEO), Alex Svanevik in a tweet,…

EU’s Banking Regulator Highlights AML Risks in Crypto Privacy Coins, Self-Hosted Wallets

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Foxconn Expects Growing AI Demand to Boost Its Server Business This Year

Contract electronics manufacturing giant Foxconn banks on explosive AI popularity to drive its server business revenue in 2023.  Foxconn has forecasted significant growth in its artificial intelligence (AI) server business due to robust demand. On Wednesday, the company’s Chairman, Young Liu, said revenue generated from its AI businesses would more than double this year. Liu credited the popularity of generative AI applications like ChatGPT for stoking interest in the sector. At Foxconn’s annual shareholder meeting in New Taipei City, the leading Taiwanese contract electronics manufacturer’s Chairman said: “People’s reliance on…

EU, US should push for AI code of conduct: EU tech chief

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Lawmakers in the European Union are seeking to implement a code of conduct for the development and implementation of artificial intelligence (AI) prior to their forthcoming EU AI Act.  In a joint meeting of the EU-U.S Trade and Technology Council in Sweden on May 31, the EU tech chief Margrethe Vestager said officials in the United States and EU should push the AI industry to adopt a voluntary code of conduct within months. According to Vestager, this would create safeguards while the new laws are still under development. She stressed…

Sotheby’s To Auction Dmitri Cherniak’s The Goose at Second 3AC NFT Sale

“For the live auction, we specifically wanted to focus on showcasing generative art, and the sale was curated to reflect not only the collection’s deep holdings of some of the most sought-after and renowned generative artists in the movement, but also to spotlight the wider community of artists pushing the boundaries of the algorithm-based art,” Micahel Bouhanna, Sotheby’s head of digital art and NFTs, told CryptoX. Source 3ACAuctionCherniaksDmitriGooseNFTSaleSothebys CryptoX Portal

0xDEAFBEEF, NFT Creator – Cointelegraph Magazine

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When NFTs first took off, it was Beeple’s digital art, CryptoPunks and Bored Ape Yacht Club PFPs that dominated the headlines and top sales — but one individual bucked the trend in a unique way, garnering attention with generative audiovisual art using just a C compiler.  That individual was 0xDEAFBEEF, an artist and engineer based in Toronto, Canada who’s spent over 20 years experimenting with art, technology, music, generative art, computer animation, blacksmithing and sound recording.  Using low-level computer code and a minimal toolset to craft raw information into audiovisual…