โThe brand recognition of BlackRock and the iShares franchise, familiarity with purchase and sale methods through securities brokers, and simplicity of position reporting, risk measurement, and tax reporting, a spot ETF could bring some noted benefits compared to existing alternatives,โ NYDIG writes in its report. Source
Myanmarโs first entirely crypto-based banking institution has announced a soft launch for July 22 โ a move that could see the countryโs shadow government given greater access to financial services and funding. The Spring Development Bank is named after the Spring Revolution, the opposition movement led by Myanmarโs exiled National Unity Government (NUG) against the ruling State Administration Council (SAC) โ a military junta that seized control of the country in February 2021. The bankโs target demographic isnโt just the 55 million Burmese living in Myanmar, but also the two-million-strong…
The Ichimoku Cloud, a technical analysis indicator created by Japanese journalist Goichi Hosoda in the late 1960s, is widely used by traders and analysts to identify support and resistance levels and gauge trend changes. The indicator comprises five lines based on the price’s moving averages: Leading Span A, Leading Span B, Conversion Line or Tenkan-Sen (T), Base Line or Kijun-Sen (K) and a lagging closing price line. The spread between the Leading Span A and the leading Span B represents the cloud. Original
Moxy.io, an esports platform, held a triple launch for its Moxy platform, MOXYโits native token, and a battle among top internet influencers on July 15. Moxy.ioโs triple launch The launch marked the introduction of Moxyโs platform, a blockchain-powered platform that allows interested participants of the GameFi space, not just esports professionals, to play their favorite games competitively and earn rewards. The event also featured the public sale of the native token, MOXY, allowing gamer enthusiasts and potential investors to join the Moxy ecosystem. Moreover, those participating in esport competitions for…
Nearly $250 billion worth of transactions have taken place using Chinaโs digital yuan in the one-and-a-half years since the start of its pilot, the countryโs central bank governor has claimed. On July 19, Peopleโs Bank of China governor Yi Gang spoke at a conference in Singapore and said its central bank digital currency transacted 1.8 trillion yuan as of the end of June. Yi added there have been around 950 million transactions from roughly 120 million wallets since the e-CNYโs initial January 2022 rollout lending to an average transaction amount…
Ubisoft, a video game creator and publisher, is growing its footprint in the non-fungible token (NFT) gaming industry after partnering with Cronos, a blockchain network, per an update on July 18. Ubisoft to run a Cronos validator node Ubisoft, famous for franchises such as Just Dance and Assassinโs Creed, will manage a node on the Cronos network, an open-source platform compatible with Ethereum and Cosmos blockchains. Ubisoft, a leading creator and video games publisher, joins the Cronos ecosystem as network validator.Cronos will greatly benefit from the expertise of Ubisoftโs Strategic…
OpenAIโs artificial intelligence-powered chatbot ChatGPT seems to be getting worse as time goes on and researchers canโt seem to figure out the reason why.ย In a July 18 study researchers from Stanford and UC Berkeley found ChatGPTโs newest models had become far less capable of providing accurate answers to an identical series of questions within the span of a few months. The studyโs authors couldnโt provide a clear answer as to why the AI chatbotโs capabilities had deteriorated. To test how reliable the different models of ChatGPT were, three researchers,…
An Ethereum wallet address that has been dormant for eight years recently moved its entire stash of 61,216 ETH, valued at $116 million at spot rates as of July 19, to an address on Kraken, a crypto exchange. Initially worth approximately $20 million during the pre-mine phase, ETH prices have since surged, lifting the entire stash by 8X to roughly $116 million over the years. ๐ค ๐ค ๐ค ๐ค ๐ค ๐ค ๐ค ๐ค ๐ค ๐ค A dormant pre-mine address containing 61,216 #ETH (116,396,127 USD) has just been activated after 8.0…
BitSport has unveiled BitPool V2 that has cross-platform functionality and multiplayer capabilities. It has also initiated a Balancer Liquidity event on Fjordfoundry for its governance token, BITP. BitSport unveils BitPool v2 BitPool v2 is an artificial intelligence (AI) and web3-based 8-ball pool game designed to merge the traditional 8-ball pool gameplay with blockchain technology and enhance user experience globally via enhanced rewards using its gamified features. The recent update also adds cross-platform functionality and multiplayer capabilities for the first time, allowing gamers to enjoy multiplayer matches across web browsers or…
Zero-knowledge proofs could be used to solve the โbiggest problemโ plaguing the internet today โ privacy, according to one cryptocurrency executive. Speaking with Cointelegraph at the Ethereum Community Conference (EthCC) the marketing chief at privacy-focused infrastructure platform Aleo, Brennen Schlueter, said while ZK proofs have become a popular solution to provide blockchains with improved scalability through ZK rollups, they have the potential to reshape the entire internet. ZK proofs enable the transfer of information to take place between two parties in which the originator only needs to reveal relevant information…