Month: May 2023

Bitcoin (BTC) Price Gains Momentum Ahead of US Debt Ceiling Increase

BTC, ETH, and many other leading altcoins are all showing positive signs in the past few hours. Following a recent stint of decline in value, Bitcoin (BTC) price may finally be showing some signs of recovery. This follows after its price surged by over 2.5% in the past day, per CoinMarketCap data. Incidentally, the surge follows shortly after a CNBC report surfaced about the United States President Biden and House Speaker Kevin McCarthy agreeing to raise the nation’s debt ceiling. Bitcoin (BTC), Ether (ETH), Others Jump in Excitement As of…

Turkish Lira Slumps as Incumbent President Erdogan Retains Power

The suppression of the lira stems from Erdogan’s core idea that economic growth can be hampered by raising interest rates. Turkish President Recep Tayyip Erdogan has retained his seat after winning the past presidential election in the country and while this naturally calls for celebration, the outlook of the Lira is showcasing the industry’s perception of the victory. According to CNBC, the Turkish Lira was trading as low as 20.44 against the United States Dollar by 10 am local time. The revelation that Erdogan will continue in power with his…

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…