It’s been a bit of a choppy ride for the cryptocurrency market this past quarter, coming off a strong first quarter. Over the past three months, the CoinDesk Market Index (CMI), which spans over 90% of the crypto market capitalization, appreciated 2.2%, while both bitcoin (BTC) and ether (ETH) outperformed the broad benchmark, posted a gain of 7%, and 5.2%, respectively. Source
Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, has reportedly had his first hearing for charges related to allegedly illicit profits from the sale of Terra (LUNA). According to a July 10 report from News1 Korea, a trial preparation hearing for Shin and 7 alleged accomplices began in a Seoul Southern District Court following his indictment in April. Prosecutors have reportedly said they deceived investors and manipulated the price of certain tokens through media coverage and transactions starting in 2018, resulting in “unfair profits” of roughly 462.9 billion…
The number of new developers entering the cryptocurrency sector has dropped by nearly 50 percent over the past year, according to research from Electric Capital’s Developer Report. The latest gauge of the state of the cryptocurrency developer ecosystem indicates that long-term coders that have worked in the industry for over a year commit more code and work more days than developers that have left. According to the data, the cryptocurrency ecosystem has an estimated 21,300 monthly active open source developers as of June 1. The space has seen a 22%…
The bank previously said it expected the cryptocurrency to reach $100,000 by then. Original
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied XRP (XRP) has observed an uptick in social dominance amid the prevailing bearish condition plaguing the asset. Crypto analytical resource Santiment suggests that the new XRP trend might indicate increasing chances of a potential price recovery. Santiment confirmed that XRP started witnessing an uptick in social activity in the early hours of today. Data reveals that this morning the asset observed its most significant spike in social dominance since May. Notably, XRP’s social volume had continued…
At the AI for Good 2023 global summit, a panel of robots and their creators sat in front of the press to answer journalists’ questions on topics such as job automation, artificial intelligence (AI) leadership and collaboration with humans for a better future. The summit was hosted by the International Telecommunication Union (ITU), the tech agency of the United Nations, in Geneva from July 4-7 and included a variety of speakers along with the world’s most advanced androids. The UN called this its first robot press conference. Altogether nine robots…
Bitcoin (BTC) and ether (ETH) were little-changed on Monday, but a number of crypto gainers from last week were pulling back. In macro news to come this week, investors will be focusing on U.S. inflation figures on Wednesday for signals regarding the Federal Reserve’s next move. Since breaking above $30,000 in June, bitcoin has traded between $29,500 and $31,500. “These levels could be important in the near-term,” said SEBA Bank in a morning note. “With U.S. CPI expected this week, a break of either level could see a trend emerge.”…
Tokenization, today, is no longer a buzzword but a phenomenon that needs more comprehension. Over the years, on-chain tokenized securities have gained acceptance among the big shots of the finance sector that want to leverage it for newer investment opportunities. As understood, converting traditional securities such as real estate assets, stocks, bonds, etc., into digital tokens over a blockchain is known as tokenized securities in the popular sense. Since they are programmable, tokenized securities enable the implementation of automated compliance rules and the execution of complex financial transactions. While we…
The American comedian and author Sarah Silverman, along with two other authors Richard Kadrey and Christopher Golden, have filed lawsuits against Meta Platforms’ LLaMa and OpenAI’s ChatGPT over copyright infringement. Meta and OpenAI are alleged to have used the plaintiffs’ content for training their respective artificial intelligence (AI) systems without obtaining any prior permission. According to the court documents against Meta, many of the plaintiffs’ books under copyright appear in the dataset that “Meta has admitted to using to train LLaMA.” Similarly, in the case against OpenAI, the lawsuit alleges…
Bitcoin (BTC) is in line to hit $50,000 this year and crack all-time highs in 2024, says Standard Chartered. In a report quoted by media outlets including Reuters on July 10, the banking giant went on record to announce a BTC price recovery. Standard Chartered vs. 2023 BTC price: From $5,000 to $50,000 In the wake of seismic changes in the institutional approach to Bitcoin in the United States, the mainstream narrative around the largest cryptocurrency is shifting rapidly. Standard Chartered, which just last year forecast the BTC price dropping…