Day: June 22, 2023

Decentralized Chess Game Secures $1.5M in Funding

Anichess, made in partnership between Animoca Brands and Chess.com-owned Play Magnus Group (PMG) and its Champions Chess Tour, is a community-driven, free-to-play game that’s billed as having “new strategic layers powered by magical spells.” Anichess combines the core rules of a classic chess game with a so-called “spell mechanic” that includes a range of offensive, defensive and counter tactics. There will also be esports-like elements added through challenges. Source

Bitcoin traders eye $28K retracement as BTC price retains 20% gains

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Bitcoin (BTC) lingered near $30,000 on June 22 as traders sought opportunities to “buy the dip.” BTC/USD 1-hour chart. Source: TradingView Bitcoin dip-buyers “ready” for $28,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD volatility calming overnight after rapid gains. BTC price performance had wowed the day prior, the largest cryptocurrency returning to the $30,000 mark for the first time since mid-April. Now, hopes were increasing over a modest correction next, enabling lucrative entry points for further long positions. #BTC Not shorting, waiting for an entry lower. pic.twitter.com/WgIibKQAs9 —…

QCP Capital, SBI Alpha Execute First Uncleared Crypto Options Trade Using Bitcoin (BTC) as Collateral

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The trading parties collected the collateral at the start of the transaction and locked the same in an account at an independent custodian, which was controlled by all three parties to mitigate the counterparty risk stemming from the absence of a clearing house. All exchange-traded derivatives and most over-the-counter derivatives involve a clearing house that validates and finalised the transaction, ensuring the parties to the trade honor their contractual obligations. Original

Wimbledon 2023 to feature AI-generated highlights commentary

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In an effort to enhance fan engagement, this year’s Wimbledon tennis tournament will incorporate artificial intelligence (AI)-powered commentary and player analysis, enabling fans to connect with the championship on a more profound level. In a recent announcement issued on Wednesday, June 21, by the All England Lawn Tennis Club (AELTC) and technology company IBM, the world’s oldest tennis tournament revealed its plans to adopt the new technology across its online platforms. Developed in collaboration with the AELT, a new AI commentary feature powered by IBM’s WatsonX technology will generate audio…

Web3 startups get security boost as CertiK joins Cointelegraph Accelerator

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Despite the crypto bear market, the Web3 ecosystem continues to grow. True to the notion that “bear markets are good for builders,” developers continue to flock into the Web3 space — the blockchain-based universe governed by smart contracts. Reports from early 2023 show that the number of monthly active Web3 developers grew to over 23,300 in 2022. As the Web3 developer community evolves into an established industry, the security of technologies that hold the ecosystem together are increasing in importance. The backbone of the blockchain-based industry is smart contracts —…

Bitcoin (BTC), Ether (ETH) Short Traders Lose Over $100M as Bullish Sentiment Returns

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“Bitcoin’s rally is part of a larger trend signaling a shift towards bitcoin as a distinctly strong and established store of value,” shared Alex Adelman, CEO of bitcoin rewards app Lolli, in an email. “Bitcoin’s recent climb to over 50% market dominance in the crypto markets reflects a growing demand for bitcoin among institutional and retail investors as a highly secure, decentralized holding that has proven its value over time.” Original

Binance Director Could Be Summoned by Brazilian Parliament over Pyramid Scheme Allegations

This month, the crypto company faced issues with regulators in at least four countries.This month, the crypto company faced issues with regulators in at least four countries. The Director of Binance in Brazil Guilherme Haddad could be called to appear before the Brazilian Parliament. This is because there is an ongoing investigation regarding the crypto company operating a pyramid scheme in the country. Congressman Alfredo Gaspar made the summons, and the vote on this issue will be held on Tuesday, June 27th. One of the major issues this time is…

Dropbox Announces AI Offerings Including New Features and $50M Venture Fund for Startups

As Dropbox unveiled the new AI features, it also announced a new $50 million venture initiative to support startups in the AI world. With its recent announcements, file hosting service operator Dropbox is the latest tech company to embrace AI technologies. The company introduced two new features powered by AI and launched its first venture arm to focus on startups in the AI market. Dropbox hit the market with the latest announcements at a time companies are intentionally integrating with AI. Ahead of its developments, many tech companies have made numerous revelations…