Day: July 25, 2023

Japan Signals More Web3 Promotion Policies Are To Come

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Reading the Elon Musk ‘tea leaves’ — Is Dogecoin coming for Twitter?

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A subtle change in Elon Musk’s Twitter bio after his platform’s rebrand to “X” has again fanned the flames of speculation — that Dogecoin (DOGE) may have a future on the platform. On July 25, eagle-eyed Twitter (now X) users began pointing out that Elon Musk’s profile location now sports both an “X” and a “D” — with X referencing Twitter’s new branding, while D has been interpreted to mean Dogecoin — a memecoin he has been publicly supportive of in the past. Anyone else notice the Dogecoin (Ɖ) symbol…

Ethereum Price Struggles Below $1,900 – Can Bulls Save the Day?

Ethereum price is showing bearish signs below the $1,900 resistance against the US Dollar. ETH could extend its decline toward the $1,780 support. Ethereum is showing bearish signs below the $1,900 level. The price is trading below $1,880 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support near $1,845 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline further toward the $1,825 and $1,780 levels. Ethereum Price Drops Further Ethereum’s price remained in a bearish zone below the…

Crypto whales accumulate MakerDAO (MKR) token

Maker (MKR) stats show significant deposits, swaps, and accumulations carried out by major players in the crypto market.   In recent days, MakerDAO Founder RuneKek has been involved in noteworthy swaps, according to data from Spot on Chain. He acquired 1,613 MKR by swapping a total of 1.61 million DAI, averaging $998.2 per MKR. Moreover, he removed 300.7 MKR and 305.8K DAI from the Uniswap liquidity pool, indicating a strategic move on his part.  Venture Capital firm a16z has reportedly transferred 1.5K MKR daily to Coinbase in the past four days…

Bitcoin Price Hits Next Bearish Target But Bears Are Not Done Yet

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Bitcoin price extended its decline and traded below $29,000. BTC is still at risk of more downsides toward the $28,200 support zone in the near term. Bitcoin is gaining bearish momentum below the $29,200 level. The price is trading below $29,500 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with support near $29,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline toward the $28,200 support zone. Bitcoin Price Turns Red Bitcoin…

Vitalik Buterin reflects on Worldcoin’s proof-of-humanity

Vitalik Buterin, Ethereum’s co-founder, shared his perspective on Worldcoin’s (WLD) human identity verification system, launched earlier today. Buterin’s blog post revolved around Worldcoin and its vision, as well as the overarching theme that informed the development of the Worldcoin token—proof-of-humanity. He underscored the importance of this concept as artificial intelligence had progressed and the boundary between humans and machines had begun to blur. Several platforms, including Worldcoin, Proof of Humanity, BrightID, Idenam, and Circles, posited that as bots became increasingly proficient, humans might face existential threats, which a universal basic…

Binance, CEO Changpeng Zhao intends to seek dismissal of CFTC complaint

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Crypto exchange Binance and its CEO Changpeng “CZ” Zhao are planning to file a motion to dismiss a March-filed lawsuit from the United States commodities regulator. In a July 24 filing to an Illinois District Court, multiple Binance entities, Zhao and former chief compliance officer Samuel Lim said they plan to file two separate motions to dismiss the complaint before July 27. “The Foreign Binance Entities and Zhao intend to file a joint Motion to Dismiss the Complaint. Lim intends to file a separate Motion to Dismiss the Complaint, and…

OpenAI shutters AI detector due to low accuracy

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Artificial intelligence powerhouse OpenAI has discreetly pulled the pin on its AI-detection software citing a low rate of accuracy. The OpenAI-developed AI classifier was first launched on Jan. 31, and aimed to aid users, such as teachers and professors, in distinguishing human-written text from AI-generated text. However, per the original blog post which announced the launch of the tool, the AI classifier has been shut down as of July 20: “As of July 20, 2023, the AI classifier is no longer available due to its low rate of accuracy.” The…

Crypto investors cool on Bitcoin funds, turning to Ether and XRP

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Bitcoin-related investment products appear to have lost some of their sheen among crypto investors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June. According to a July 24 report by CoinShares’ head of research, James Butterfill, Bitcoin (BTC) investment products saw outflows of $13 million for the week ending July 21, reversing five weeks of inflows. Short Bitcoin products also saw outflows of $5.5 million in the week. Bitcoin Fear and Greed Index is 50 ~ NeutralCurrent price: $29,178 pic.twitter.com/T1DMFpsX9p — Bitcoin Fear and Greed…