Day: June 19, 2023

Cointelegraph Accelerator welcomes Web3 venture builder GAMI as a strategic partner

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Cointelegraph Accelerator, the startup booster leveraging Cointelegraph’s media capabilities, has announced GAMI — a Web3 Venture Builder — as its new strategic partner. The blockchain and crypto ecosystems are expanding into a much broader universe with the rise of Web3. With decentralization as a core value, Web3 brings more utility and use cases for blockchain-based technologies in a user-centric environment. Although initiated by decentralized finance (DeFi), Web3 offers a much broader spectrum of digital interactions and experiences, including nonfungible tokens (NFTs), loyalty programs, action-to-earn and gaming. Cointelegraph Accelerator’s newest strategic…

AI has a ‘symbiotic relationship’ with blockchain: CEO, Animoca Brands

Artificial intelligence (AI) has become a hot topic in public discord both in and outside of the emerging tech industry, after an increase in popularity of OpenAI’s chatbot ChatGPT.  At the Proof of Talk 2023 blockchain and Web3 conference in Paris, Cointelegraph sat down with Robbie Yung, the CEO of Animoca Brands to discuss the relationship between AI, blockchain and gaming. Robbie Yung CEO of Animoca Brands (left) with Cointelegraph Reporter Savannah Fortis at Proof of Talk 2023 in Paris. Source: Cointelegraph Yung told Cointelegraph that Animoca has been involved…

Shiba Inu (SHIB) Loses Over $1 Billion in Market Cap but There Are Positive Signs

Despite an industry-wide state of decline, Shiba Inu (SHIB) was a notable exception over the weekend. Meme coins have recently been facing significant corrections and Shiba Inu (SHIB) is no exception. Although the corrections are reflective of the state of the general cryptocurrency market, SHIB’s loss has been quite massive, threatening its rank as one of the top 20 crypto assets. In 30 days, Shiba Inu shed over $1 billion from its market capitalization. As of May 2023, the meme coin had a market cap of $5.12 billion, which now…

Binance CEO Accuses Binance Nigeria Limited of Operating as Scam

The only recognized Binance arm on the African continent is Binance Africa. Binance CEO Changpeng ‘CZ‘ Zhao recently took to Twitter to express his dissatisfaction with Binance Nigeria Limited, claiming that the company is a scam. CZ added that Binance has, therefore, issued a cease and desist notice to the alleged scammer entity. The notice serves as a legal warning, demanding that Binance Nigeria Limited immediately halt any activities falsely claiming association with the Binance brand. By taking this step, Binance aims to protect its reputation and dissociate itself from…

Most ‘fear’ in 3 months as $26.4K becomes key — 5 things to know in Bitcoin this week

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Bitcoin (BTC) emerges from a hectic macro week to circle some classic trend lines near $26,000 — what could happen next? After some brutal tests of traders’ resolve over the past seven days, the BTC price is still determined to hold familiar ground. Market participants are in “wait and see” mode as a lack of clear direction characterizes the largest cryptocurrency at the start of a new week’s trading. United States holidays mean traditional markets will only open on June 20, giving at least one day’s grace before any surprises…

ICO urges organisations to harness the power of data safely by using privacy enhancing technologies

The Information Commissioner’s Office (ICO) is recommending organisations to start using privacy enhancing technologies (PETs) to share people’s personal information safely, securely and anonymously. These types of technologies open unprecedented opportunities for organisations to harness the power of personal data through innovative and trustworthy applications, by allowing them to share, link and analyse people’s personal information without having access to it. PETs can be used to share anonymised personal information to detect and prevent financial crimes and related harms such as fraud, money laundering, and cybercrimes. The ICO has launched…

What are Ethscriptions and how they work compared to Bitcoin Ordinals

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Despite its relatively recent launch, Ethscriptions has shown tremendous acceptance, evoking parallels with Bitcoin’s Ordinals. The Ethereum (ETH) community, known for its unrelenting pursuit of experimentation and innovation, has a new brainchild—Ethscriptions.  Ethscriptions is the latest protocol stirring interest in the Ethereum community. It leverages Ethereum’s calldata to enable users to inscribe non-financial data directly onto the Ethereum main chain. Developed by Tom Lehman, co-founder of Genius.com, Ethscriptions offers a more decentralized and economical approach than…

Coinbase Stock and Price Target Rise despite SEC Indictment and Lawsuit

Coinbase is still enjoying a relatively healthy market sentiment as its stock price and target seem unperturbed by the SEC’s lawsuit. The stock price of Coinbase (NASDAQ: COIN) rose roughly 6% last week, along with the average price target expected by analysts. The major crypto exchange’s stock climbed 5.93% over the period, closing at $55.59. According to data from MarketWatch, COIN has seen more than 57% in year-to-date (YTD) gains, despite its 26.86% drop over the last three months. COIN has also shed 2.10% of its weight in the past month.…

France Seeks to Establish Itself as AI Hub of Europe, Challenges US and China

President Macron said that France is accelerating developments in AI to bridge the gap with the US and shall invest much more in research and development. Artificial Intelligence has become the new battleground for the top global economies and France is among the latest to make a strong push in the AI. France is now taking all efforts to position itself as the hub of artificial intelligence in Europe. Speaking to CNBC’s Karen Tso last week, French President Emmanuel Macron made a bold statement explaining: “I think we are number…