Month: July 2023

XRP social dominance spikes, hinting on potential price recovery

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…

The UN holds a robot press conference about the state of AI

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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 Price (BTC) Holding Above $30K After Quiet Weekend

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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.”…

Implementing tokenized securities for regulatory compliance

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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…

Sarah Silverman sues Meta and OpenAI for copyright violations

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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 supply shock will send BTC price to $120K — Standard Chartered

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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…

Logan Paul’s energy drink faces regulatory scrutiny in US

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Prime, the drinks brand co-founded by YouTube stars Logan Paul and KSI, is currently under fire in the US due to concerns surrounding the elevated levels of caffeine in its energy drink. US Senate majority leader Chuck Schumer has called upon the Food and Drug Administration (FDA) to launch an investigation into Prime Energy for allegedly targeting children with its marketing, despite containing nearly double the amount of caffeine found in a Red Bull. Although the…

Coinbase shares up 50% since the SEC sued the exchange

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Despite the Coinbase cryptocurrency exchange facing a securities violation lawsuit in the United States, the company’s stock has been on the rise recently. Coinbase (COIN) stock has added more than 50% to its value since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the firm for allegedly offering unregistered securities. According to data from TradingView, Coinbase shares surged 51%, from around $52 on June 6 to $78.7 on July 7. The stock is also up around 133% over the past six months, while year-to-year growth is roughly…

There could be 24 CBDCs live by 2030: BIS survey

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According to a survey by the Bank for International Settlements (BIS), 93% of central banks are already researching central bank digital currencies (CBDCs), and there could be up to 15 retail and nine wholesale CBDCs in circulation by 2030. Published on July 10, the survey of 86 central banks was conducted from October to December 2022. It asked central banks whether they were working on a retail, wholesale or both types of CBDC, how advanced the work was, and their motivations. There could be as many as 24 live CBDCs…