Month: May 2023

BRC20 Token Standard Sparks Frenzy in Bitcoin Community With Market Cap Surpassing $95 Million – Bitcoin News

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As of May 3, 2023, the Bitcoin blockchain has witnessed a staggering 3.35 million Ordinal inscriptions, and a new experimental token standard known as “Bitcoin Request for Comment,” or BRC20, has garnered substantial attention in the past week. With 10,487 BRC20 tokens built using Ordinals and a swelling market capitalization exceeding $95 million, this new development has the crypto world buzzing. Ordinals Protocol Witnesses 3 Million Inscriptions While BRC20 Tokens Drive Bitcoin’s Mempool into Overdrive The Bitcoin community is abuzz with conversations surrounding the BRC20 token standard after its introduction…

US lawmakers introduce bipartisan bill proposing ban on members investing in ‘financial instruments’

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Lawmakers from both sides of the aisle in the United States House of Representatives have backed a bill prohibiting members of Congress and their spouses and dependents from trading or owning certain financial instruments — which could extend to investments in digital assets. In a May 2 announcement, Democratic Representatives Alexandria Ocasio-Cortez (AOC) and Raja Krishnamoorthi, as well as Republican Representatives Brian Fitzpatrick and Matt Gaetz, introduced the Bipartisan Restoring Faith in Government Act. An April 28 draft of the bill proposed amending U.S. laws applying to congressional members to prohibit ownership of…

Bitcoin and crypto markets firm ahead of US Fed interest rate decision

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ahead of the highly anticipated Federal Reserve (Fed) announcement, trader sentiment is bullish, and the total crypto market capitalization is over $1.18t. Bitcoin, ethereum bullish but gains are low Statistics indicate that crypto markets have recorded slow gains recently in anticipation of the impending announcement from FOMC. Data suggests that the total market cap rose 1.47% to $1.18t primarily because some coins have been firm, reversing recent losses. Bitcoin, for instance, is firm, up 2.29% in…

Feel the Thrill of Your Favorite Game – Press release Bitcoin News

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press release PRESS RELEASE. Do you hear the distant roar of numerous stadiums? Are you ready for the next sport challenge? Do you want to resonate with the vibe of the game? If the answer is positive, players should try on a dynamic and explosive platform that hosts a growing number of various sport games. No time for losers. It is high time to play your favorite game. Warm-up The SportVerse is an unprecedented and catchy sport gaming project in the growing crypto space. This online play-to-earn game platform was…

Fuse blockchain pledges $10M for ecosystem development

On May 3, layer-1 blockchain Fuse announced that it would pledge $10 million to “reinvigorate the Fuse ecosystem and drive growth in multiple areas.” The program, dubbed “Fuse Ignite,” is structured between liquid incentives and grants. As told by developers: “Teams can apply for grants of between $5,000 and $25,000, depending on the focus of their project or service. DeFi projects can apply for incentives designed to boost liquidity and general user activity when deploying on Fuse Network.” Upon application approval, Fuse Ignite operator grants are issued in Fuse Tokens…

Price analysis 5/3: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

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Bitcoin and select altcoins are showing a continuation pattern, indicating indecision among the bulls and the bears. Investors seem to have priced in a 25 basis points rate hike by the United States Federal Reserve on May 3. Next, they will look for clues on the Fed’s actions for the rest of the year. Will the Fed maintain its hawkish stance as inflation still remains well above its target range or will the bank troubles and the looming recession make the central bank signal a pause in its rate hikes?…

Cardano’s founder highlights Bitcoin’s limitations, says ADA is better

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In an interview with Maria Bartiromo of Fox Business, Charles Hoskinson, the founder of Cardano, a smart contracting platform; and lead of Input-Output (IO) Global, pointed out various limitations of Bitcoin, specifically highlighting the network’s restricted functionality. Hoskinson said Bitcoin is not programmable and can only carry out restricted activities, primarily value transfer. The founder also discussed the achievements of Cardano, a blockchain network whose native currency, ADA, is held by over 3.5 million users. Hoskinson, also one…

I Owe Coinbase (COIN) CEO Brian Armstrong an Apology

Now, though, Coinbase looks a little bit more like its less-trustworthy competition. So far, its offshore leverage trading offering seems nominal at best – Coinbase International Exchange doesn’t even have an app or website, operating strictly through an API. That could be the foundation for a more robust product, or it might just be the bare minimum required to make a theatrical political statement. While I doubt Gary Gensler cares much, threatening to take its toys and go overseas is one way Coinbase can rally support for a pushback against…

What are convolutional neural networks?

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Several types of convolutional neural networks exist, including traditional CNNs, recurrent neural networks, fully convolutional networks and spatial transformer networks — among others. Traditional CNNs Traditional CNNs, also known as “vanilla” CNNs, consist of a series of convolutional and pooling layers, followed by one or more fully connected layers. As mentioned, each convolutional layer in this network runs a series of convolutions with a collection of teachable filters to extract features from the input image. The Lenet-5 architecture, one of the first effective CNNs for handwritten digit recognition, illustrates a…