Day: June 4, 2023

Cryptocurrency markets’ low volatility: A curse or an opportunity?

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The cryptocurrency market has been experiencing low volatility for the past two months, but does that mean investors should just sit and wait? Cryptocurrency markets are well-known for their volatility, where large price swings help investors create or lose fortunes. Yet there are often periods of relative stability where the tight price action bores some while being an opportunity for others. Since the beginning of the year, Bitcoin’s (BTC) price has soared by over 60%, climbing from around $18,000 to over $27,000 at publishing time. However, the cryptocurrency has been…

Atomic Wallet hacked, users lose millions in crypto

There are reports of a significant hack that targeted Atomic Wallet, a non-custodial decentralized wallet. As a result, users are currently dealing with the consequences, with some reporting that they have lost their entire cryptocurrency portfolios. Initial indications of the hack emerged from the crypto community on Twitter, with users expressing their distress over the complete loss of their funds. They voiced their concerns, urging the team behind the platform to provide a transparent and concise explanation in response to the situation. On June 3, the Atomic Wallet team took…

5 free ChatGPT and generative AI courses

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In the realm of technology, becoming proficient in using the most recent generation of generative artificial intelligence (AI) tools has quickly become essential. These tools, like ChatGPT or Bard, have proven to be fun and have the ability to really help us in a variety of areas of our lives. To aid you in embracing this new era of generative AI, here is a compilation of top-notch courses that can serve as invaluable resources for honing your skills and staying at the forefront of this transformative technology. One may improve their knowledge and…

Stablecoin risks and how to overcome them

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Given the rise in interest towards central bank digital currencies, their usage will continue to increase. This is despite the recent turmoil about the recent depegging of USDC or, much worse, the collapse of the TerraUSD (UST) stablecoin and its sister cryptocurrency LUNA. But with all this attention, it becomes increasingly important to understand what kind of risks you might face using CBDCs.  Stablecoins are digital currencies…

Pro-XRP attorney’s phone hacked to promote LAW token

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Pro-XRP lawyer, John Deaton, has suffered a phone hack on June 4, after a relentless cyberattack over several days.  CryptoLaw, an account created by the attorney representing over 76,000 XRP token holders in the Ripple Vs U.S. Securities and Exchange Commission (SEC) lawsuit, responded to the hacker’s tweet from the attorney’s account. CryptoLaw clarified that the tweets were not coming from Deaton but from hackers and immediate steps are being taken to remedy the situation. The hack happened as Deaton celebrated his birthday amid wishes from all corners of the…

FTX debtors object Genesis’ ‘critical’ claim estimate of ‘$0.00’

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Just a month after bankrupt cryptocurrency exchange FTX was seeking $4 billion from the also bankrupt crypto lender Genesis, it is now contesting a claim that it is entitled to nothing. According to a June 2 court filing in a New York Bankruptcy Court, the FTX debtors have raised an objection to Genesis’ estimation that they are entitled to claims totalling ‘$0.00’ – as stated by Genesis in an estimation procedures motion filed on June 1. The FTX debtors alleged they were not “invited to participate” in the mediation and…

Elliptic integrates ChatGPT to bolster crypto risk detection

Crypto risk management firm Elliptic has integrated artificial intelligence chatbot, ChatGPT, to ramp up its accuracy and speed in detecting crypto threats – a move which comes amid other crypto firms reporting mixed results in its implementation. Elliptic provides blockchain analytics for crypto asset compliance and assesses risks associated with crypto wallets, virtual asset service providers and crypto transactions. According to a June 1 statement, Elliptic will be utilizing ChatGPT in its off-chain intelligence and research operations to explore new risk factors in an “entirely new way.” We’re very pleased…