Month: July 2023

Why is Litecoin price down today?

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Litecoin (LTC) price is down today, mirroring downside moves elsewhere in the crypto market. On July 5, the LTC price dropped over 3% to $100.50. On the same day, the crypto market’s overall capitalization fell 2%, suggesting traders have started securing profits at the local tops of multiple cryptocurrencies. LTC/USD daily price chart vs. crypto market capitalization. Source: TradingView Litecoin’s RSI turns “overbought’ Litecoin rallied by more than 65% to reach a year-to-date (YTD) high of $116 on July 2. The gains appeared primarily due to euphoria around its halving in…

The Digital Euro Isn’t a Threat to Data Privacy

As such, the ECB is looking to replicate some cash-like features, like paying offline or not needing a bank account. But in designing these experiences there will be a choice on what are the limit above which identify verifications are needed. And, to advance anti-money laundering goals, the limits are likely to end up lower than those that we de facto have with cash. If the digital euro gradually replaces cash payments, some of the privacy of cash will be sacrificed. Original Source dataDigitalEuroIsntPrivacyThreat CryptoX Portal

Valkyrie Joins BlackRock To Resubmit Spot Bitcoin ETF Filing

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Summary: Valkyrie refiled its application for a spot Bitcoin ETF with the SEC per a 19b-4 filing seen on Wednesday. The asset manager joins other Wall Street titans like BlackRock and Fidelity in filing a second application after the SEC responded. Valkyrie, like other asset managers, names Coinbase as its partner for the contentious surveillance-sharing agreement meant to tackle market manipulation. Trillion-dollar asset manager Valkyrie Digital Assets submitted another application for a spot Bitcoin ETF after the U.S. Securities and Exchange Commission rejected previous attempts, saying that the filings did…

EU blockchain sandbox unveils first 20 use cases after wave of applications

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The first batch of blockchain use cases to debut in Europe’s regulatory sandbox was formally introduced on July 3, following a long wait and nearly 90 applications received in April. First disclosed in 2020, the initiative aims to bridge the regulatory gap between European nations and crypto companies. According to the European Commission, 20 projects have been selected in the first cohort, with companies in finance and capital markets, telecoms and IT, global trade, transportation, and cross-sectoral projects leading the group. The projects are spread across five European regions, including…

FOMC Minutes, Jobs Numbers Lead Busy Slate of Economic Releases

This week’s main event comes Friday morning at 8:30 am ET, with the U.S. Nonfarm Payrolls report for June. This gauge has topped expectations for an astounding 14 consecutive months, continuing to show strength in the face of surging interest rates that many had expected by now would have slowed the economy and put a larger dent in hiring. Economist forecasts are for 250,000 jobs to have been added in June, down from 339,000 in May. The unemployment rate is anticipated to remain at 3.7%. Source

Elon, You Don’t Need Crypto to Do Twitter Payments

You’ve heard the script before. Migrants need to make payments back home to their family, but cross-border payments are achingly slow, taking days to process. Luckily, revolutionary new technologies like blockchains, stablecoins, and central bank digital currency (CBDC) are on the verge of speeding things up, or so their advocates claim. Source CryptoDontElonPaymentsTwitter CryptoX Portal

What is Web3? | Blockchain News

Web 3.0, frequently abbreviated as Web3, is often recognized as the upcoming or third generation of the internet. It builds upon Web 1.0, characterized primarily as read-only, and Web 2.0, which introduced interactive user-generated content and sharing capabilities. Key components of Web3 include: Decentralization: In a departure from the single-server model owned by one entity, data and operations in Web3 are distributed across a network, enhancing both fairness and resilience. Blockchain: Functioning as the backbone of Web3, blockchain provides decentralized data storage and operations. It enables asset transfers that are…

How to use ChatGPT like a pro

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OpenAI created the sophisticated language model known as ChatGPT. It makes use of deep learning to produce text responses that sound human in conversational circumstances. ChatGPT can comprehend and produce logical and pertinent responses when given a large enough training set. It can be utilized in many different applications, such as interactive dialogue systems, content creation and customer service. It has limitations and occasionally gives out incorrect or absurd responses, despite its outstanding conversational skills. To guarantee precise and trustworthy interactions, human oversight and careful analysis of their results are…