Month: July 2023

Polygon spinoff launches testnet bridge to allow for low-cost layer-2s

Blockchain network Avail has launched a testnet data availability bridge to Ethereum, according to a July 7 announcement. Once testing is completed, the bridge will allow developers to easily create “validiums” or low-cost layer-2s that do not store full transaction data on Ethereum, the announcement stated. Avail was originally created by Polygon Labs, but was spun off as an independent project in March. Polygon’s co-founder, Anurag Arjun, is also the founder of Avail. Avail Block Explorer. Source: Avail.tools Layer-2 rollup networks like Optimism, Arbitrum, Polygon zkEVM, and zkSync Era lower…

Why a Bitcoin ETF approval would be a big deal

boss

In this week’s episode of Market Talks, Cointelegraph welcomes Natalie Brunell, a podcast host, educator and media commentator in the Bitcoin space. Her podcast, Coin Stories, consistently ranks among the top 50 to 100 on Apple podcasts. She has over 300,000 Twitter followers, and is an award-winning TV journalist and former investigative reporter. Brunell explains how Bitcoin (BTC) is a tool for the financial empowerment of billions of people worldwide and how the depreciating United States dollar is stripping away people’s economic dignity. The elephant in the room when discussing Bitcoin with…

bitcoin short-term holders are ‘in the money’

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recent data from Glassnode, an on-chain analytics firm, reveals that short-term holders (STHs) of bitcoin are currently posting more profits than losses, and are in green, “making money.”  STHs are mostly traders, eager to clip bitcoin’s volatility in their quest to make money. They mostly hold for short periods, riding the uptrend before liquidating and realizing profits when prices move against them. Bitcoin STHs are making money Based on the “realized profit/loss ratio,” a trading indicator…

CFTC orders two Florida men to pay $5.4m in bitcoin fraud settlement

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On Thursday, July 6, two men from Florida, the United States, were charged with running a bitcoin scheme worth millions of dollars. They have since settled with the Commodity Futures Trading Commission (CFTC) by agreeing to pay a little over $5 million in restitution. CFTC press charges, $5 million in settlement reached The U.S. derivatives market regulator charged Levine and Reichenthal with engaging in digital asset fraud, deceiving investors, and swindling over $5 million intended to purchase bitcoin…

Elon Musk accuses Mark Zuckerberg of cheating: Twitter vs. Threads

boss

Twitter executive chairman Elon Musk alleged in a social media post that Meta is “cheating” over the release of Threads, a text-based social network resembling Twitter. While Musk wrote that he is fine with competition, he made it clear that he would not tolerate cheating. The billionaire’s remarks come after Twitter lawyer Alex Spiro sent a letter to Meta CEO Mark Zuckerberg threatening legal action. Competition is fine, cheating is not — Elon Musk (@elonmusk) July 6, 2023 On July 5, Spiro wrote in the letter that Twitter has the…

How the spot Bitcoin ETF filings affected the crypto industry in June: Report

boss

The news surrounding BlackRock’s application for a spot Bitcoin (BTC) exchange-traded fund (EFT) sent the asset’s price from its local lows in mid-June to a strong monthly close of +12%. To most observers, this was a sign that institutional investment into the cryptosphere is once again on the horizon. A future approval of a spot ETF combined with rate cuts from the United States Federal Reserve could provide the ideal catalysts for the next bull run. For those keen to gain a deeper understanding of the crypto space’s various sectors…

Status’ co-founder shares insights on strengthening civil liberties with politically neutral networks

Jarrad Hope, the co-founder of open source community Status, delivered a thought-provoking speech at the ETHBarcelona conference, highlighting the urgent need to strengthen civil liberties through politically neutral networks. A prominent advocate for privacy and co-founder of open source community Status, Jarrad Hope, addressed a captivated audience at the recent ETHBarcelona conference, shedding light on strengthening civil liberties through politically neutral networks. With a passionate plea for privacy, Hope warned of the dangers of mass surveillance and the potential tyranny associated with the rise of central bank digital currencies (CBDCs).…

ChatGPT sees traffic fall 10% in June after initial rush from users

boss

Worldwide traffic for the popular artificial intelligence (AI) chatbot ChatGPT has witnessed a decline from the month of May to June, suggesting a reduction in interest in the AI assistant tool developed by OpenAI.  According to data estimates from the traffic analytics site Similarweb, desktop and mobile web traffic for ChatGPT dropped by 9.7% in June. In addition, the site’s unique visitors and the amount of time users spend on the site have also declined by 5.7% and 8.5% respectively. In the United States, the recorded month-on-month decline in the…