Day: July 29, 2023

Worldcoin stuck after 70% drop from peak — More downside for WLD price?

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The price of Worldcoin (WLD) has stabilized after a volatile debut across mainstream cryptocurrency exchanges. On July 29, the WLD price rose nearly 6% to $2.35. Still, the token was down 70% from its market debut peak of $7.50. It now appears stuck inside the $2–2.50 trading range, hinting at a growing bias conflict in the market. WLD/USD daily price chart. Source: TradingView WLD could stick around $2 until October Notably, WLD is a part of the Worldcoin Foundation launched by OpenAI’s Sam Altman on July 24. The token has a maximum circulation…

This Machine Learning Tool Was Asked To Predict XRP Price, Here’s What It Said

XRP has been one of the trending tokens following the summary judgment which ruled that the token was not a security, giving its parent company, Ripple, a ‘partial victory’ over the United States Securities and Exchange Commission (SEC). That event saw XRP’s price soar to about $0.93.  However, XRP’s price seems to have cooled off, settling at the $0.7 price mark. Despite this, there still seems to be bullish sentiment around XRP’s future price, which is why this Machine Learning tool was consulted to predict XRP’s price.  Here’s What It…

TOADS, ETH prices set for rally, outpaces Bitcoin with burning strategy

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The crypto market consists of various tokens, including those with finite, deflationary, and infinite supplies. Deflationary tokens are often deemed valuable due to the consistent reduction of supply. The token burning strategy has made DigiToads and Ethereum more popular, an effect that has supported prices. Considering their approach, their respective circulating supplies are decreasing at a faster rate than Bitcoin. In this article, we will delve into the burning strategy adopted by DigiToads and Ethereum.  DigiToads:…

Bitcoin is in the summer doldrums. Here’s what to expect in August.

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Chalk it up to the summer doldrums, perhaps, but for weeks nothing has been able to make the bitcoin price budge and investors may be in for more of the same in August. There’s plenty to look forward to on the other side of the break, however. The largest cryptocurrency by market cap is on pace to finish July down about 3.5%, according to Coin Metrics, after surging 12% in June. In the latest week, bitcoin closed lower by 1.9%. That was its fifth straight weekly decline and worst week…

Most Blockchains Cannot Handle AI’s Needs

A completely/fully decentralized blockchain, such as The Internet Computer (ICP), the network I helped build that offers compute power matching or exceeding Web2 cloud servers, will allow AI models to be run entirely inside of smart contracts. This will make the training parameters and inputs that make large language models both open source and tamper-proof. To enable AI integration on the blockchain, we need blockchains capable of processing data at speeds comparable to Web2 clouds, which can only come from full decentralization. Source

What is Character AI? | Blockchain News

Introduction Character AI (Character.AI) is a popular artificial intelligence (AI) platform that revolutionizes the way we communicate with AI. It crafts text responses that mimic human conversation, immersing users in engaging dialogues that feel remarkably authentic and personalized. Since its beta version was unveiled in September 2022, the platform has witnessed a meteoric rise in popularity, thanks to its unique proposition of enabling users to craft a fully-customizable AI companion with distinct personality traits and values. This innovative approach to AI interaction has distinguished Character.AI in the realm of AI chatbots,…

Is Apple’s App Store Policy Hindering Blockchain Innovation? US Lawmakers Investigate

As the relationship between platform guidelines and emerging technologies, particularly blockchain, continues to become a topic of scrutiny, two U.S. lawmakers – Representatives Gus Bilirakis (R-FL) and Jan Schakowsky (D-IL) – have recently vocalized concerns regarding these potential clashes in the field of distributed ledger technology and nonfungible tokens (NFTs). The primary point of contention lies in the restrictive guidelines of Apple’s App Store. The lawmakers, in a recent letter to Apple CEO Tim Cook, raised questions about the possible stifling effect of these guidelines on these burgeoning sectors of…

Tether (USDT)’s Market Cap Reaches A New Peak, Edges Towards $84 Billion Mark

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Tether USDT has seen its market cap value reach new highs in the month of July. According to a report by on-chain analytics company Into The Block, the world’s largest stablecoin is steadily approaching the key $84 billion mark. Based on data from DeFiLlama, USDT’s market cap is up by over $480 million since the beginning of July, indicating an increasing level of adoption. Generally, the stablecoin’s total market share value has been on the rise for the majority of 2023, moving from $66.23 billion on January 1 to its current…

Worldcoin data collection investigated by French privacy regulator

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Worldcoin (WLD) project, which has gained notoriety due to its controversial iris-scanning biometrics, is currently being investigated by France’s data privacy regulatory agency. The Commission Nationale de I’informatique et des Libertés (CNIL), an agency in France responsible for ensuring data privacy, has launched an investigation into Worldcoin, according to an emailed response to Reuters as revealed on July 28.  The French regulator raised concerns about Worldcoin’s data collection method, telling the publication that “the legality of this…

AI Tokens Record Lowest Weekly Trading Volume Since January

AI (artificial intelligence) tokens were one of the most promising assets in the cryptocurrency market at the beginning of 2023. One of the major drivers of this was the launch of ChatGPT – an AI-based chatbot – in late 2022, which propelled some AI-related cryptocurrencies to substantial gains. However, the interest in this set of cryptocurrencies appears to be cooling, with data research firm Kaiko revealing a significant decline in trading activity for the AI-related tokens. Lowest Weekly Trading Volume For AI Tokens AI-related tokens registered their lowest weekly trading…