Month: May 2023

Cardano introduces Hydra node for enhanced scalability

According to developer Sebastian Nagel, Cardano, one of the most widely used blockchain platforms, has achieved a significant milestone by introducing the first Hydra node compatible with the mainnet. The development marks a crucial step towards enhancing Cardano’s scalability and flexibility, a significant focus for the platform. Per Input Output, the parent company of Cardano, Hydra, is a collection of layer 2 protocols that aim to improve the blockchain’s scalability. The protocols allow faster and cheaper transactions, making the blockchain more flexible for various use cases. 🐲 0.10.0 is out!…

Romania harnesses AI for data-driven policy recommendations

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Countries around the world are beginning to grapple with the pervasiveness of artificial intelligence (AI). While some look to the emerging technology with concern, others, like Romania, embrace it.  According to a report from the Financial Times, Romanian officials have introduced an AI-powered robot named Ion, intending to enhance the government’s understanding of public concerns.  Sebastian Burduja, Romania’s innovation minister, commented on the development saying: “It’s the first attempt, the first experiment, in using AI to connect average citizens to their decision-makers. I think it has great potential to strengthen…

ATPBot Launched a Real AI Quantitative Trading Bot – Press release Bitcoin News

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press release PRESS RELEASE. Recently, ATPBot, the first truly quantitative trading bot, announced that it can now connect to the Binance API for trading, providing users with more opportunities to trade cryptocurrencies. By registering ATPBot, connect to Binance Exchange, enter your investment amount and earn income. Users can experience an unparalleled trading experience, delivering results through mature trading strategies and professional investment management. Have you ever heard about ChatGPT? It has been a hot topic this year, for it’s changing the way we live and work. It provides personalized and…

Texas votes to add crypto to state’s bill of rights

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Texas legislators have voted by a large margin to amend the state’s Bill of Rights and add a provision recognizing the right of individuals to possess, retain and utilize digital currencies. The decision was made on Wednesday, May 10. Bill HJR 146, introduced by State Representative Giovani Capriglione, declares that individuals have the right to use a medium of exchange that is mutually agreed upon, which includes digital currencies, cash, coin, bullion, or scrip, for trading and contracting goods and services, and that this right cannot be violated. The document…

BlockFi Custodial Customers to Receive $300M in Repayment, While BIA Holders Risk Losing Investment to Company’s Creditors

A judge has approved repayment for BlockFi custodial wallet holders but said interest-bearing funds still belong to the bankrupt company.  BlockFi custodial wallet users could receive a massive $300 million repayment from the bankrupt digital asset lender. On Thursday, a New Jersey judge ruled that the assets locked in BlockFi’s custodial accounts belong to clients rather than the company’s estate. However, the judge further ruled that another $375 million that users sought to transfer from interest-bearing accounts following November’s withdrawal suspension still belong to BlockFi. As Judge Michael Kaplan put…

Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says – Finance Bitcoin News

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Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority slowed the pace of its rate hikes last week while indicating that it’s still early for a pause. ECB Registers Heightened Consumer Expectations About Inflation Europeans believe inflation will be around 5% over the next 12 months with their median expectations rising “significantly” in March from 4.6% in February, the European Central Bank (ECB) announced on Thursday, quoting its latest…

Bitcoin enters $26K ‘bearadise’ as BTC price approaches 2-month lows

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Bitcoin (BTC) neared two-month lows on May 12 amid fears that a “head-and-shoulders” pattern would put bears ahead. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysis of BTC price: “Welcome to bearadise” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $26,100 on Bitstamp — its lowest since March 17. Despite encouraging macroeconomic conditions for risk assets, Bitcoin failed to capitalize on the potential for gains as bid liquidity headed lower. “Welcome to bearadise,” on-chain monitoring resource Material Indicators summarized. A chart uploaded to Twitter the day before showed…

Bitcoin (BTC) Price Tanks Under $27,000 amid Rising US Regulatory Pressures

Amid the US regulatory crackdown and the fall of the crypto-friendly banks recently, the lack of liquidity has become a major issue currently in the market. The world’s largest cryptocurrency Bitcoin (BTC) continues to face more and more selling pressure as US regulatory crackdown mounts further. In the last 24 hours, the BTC price has dropped by over 2.98% and is currently trading at a price of $26,654 with a market cap of $516 billion. The latest drop in the Bitcoin price comes along with a market-wide correction with the…

MetaMask Adds Support for US-based Users to Purchase ETH via PayPal

MetaMask has been focused, primarily, on expanding its reach and boosting global crypto adoption. Crypto wallet MetaMask has begun rolling out PayPal-powered Ether (ETH) purchases to all its US-based users. Although it added the PayPal integration to its software wallet last December, the feature was not immediately available to all users in the US. However, the latest reports suggest that all users in the United States may now seamlessly purchase and transfer ETH directly from their MetaMask mobile apps. The rollout has been confirmed by MetaMask to be a first…

Meta Reveals New AI Services for Ad Campaigns

Meta explained that AI Sandbox and Advantage service offerings would ensure enhanced and seamless ad campaigns.  Meta Platforms Inc (NASDAQ: META) recently uncovered several new artificial intelligence (AI) resources and services for advertisers. On Thursday, the Menlo Park-based tech giant announced a veritable AI “testing playground” called AI Sandbox to help advertisers build campaigns. By trying out new generative AI-powered ad tools in the Meta-enabled AI Sandbox, advertisers will have access to several tools. These include text variation (generating multiple text versions for emphasis), background creation (generating background images from text…