Day: July 25, 2023

Japan Signals More Web3 Promotion Policies Are To Come

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

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

boss

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…

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…

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

boss

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

boss

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

boss

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…

Bitcoin BTC Price Holds Its Latest Foothold at $29.1K While Worldcoin Soars

boss

After a rough 2022, bitcoin mining is swinging upward, as CoinDesk analyst George Kaloudis writes. The bear market that sapped prices and publicly traded miners’ stocks tumbling has lessened this year. Crypto mining is now mostly healthy. Bitcoin network’s hashrate, a measure of the amount of computing power committed to running the network, shows a bountiful capacity with which to run crypto’s premier network. As of July 21, Bitcoin’s hashrate was 400 exahash per second, up five-fold from June 2021. And a number of miners have returned to report healthy…

Likely Interest Rate Hike on the Menu as FOMC Begins Latest Monetary Policy Deliberations, but BTC Seems Unchangeable at Present

Crypto markets have been curiously resistant to the latest macroeconomic utterances. With a few blips, bitcoin has been trading in a range between $29,000 and $31,500 for much of the past two months. It was recently changing hands at $29,100, down more than 3% over the past 24 hours. “It will take a fresh catalyst to excite Bitcoin traders,” Edward Moya, senior market analyst at foreign exchange market maker Oanda wrote in a Monday note. Source