Month: July 2023

Bitcoin trading activity surges during US market hours, research shows

Research findings by K33, a digital assets platform, show a pattern in bitcoin trading, with increased activity during US market hours compared to Asian and European sessions.  US market power  Despite growing concerns about regulatory uncertainties in the United States, with various crypto market participants currently locked in legal battles with the Securities and Exchange Commission (SEC), a new study by K33 shows, the country remains a force to reckon with when it comes to bitcoin trading. Per the latest research findings, the world’s flagship cryptocurrency has shown a rise…

Bitcoin traders torn between breakout and $28K dip as BTC price stalls

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Bitcoin (BTC) lingered below $31,000 at the July 3 Wall Street open with bulls still in need of a catalyst. BTC/USD 1-hour chart. Source: TradingView Bitcoin price: Sink or swim at $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in a tight range following the weekly close. BTC price performance remained firmly sideways into the new week, punctuated only by modest attempts at attacking the $31,000 mark. More optimistic market participants hoped that nearby resistance levels — and not only for Bitcoin — would soon fall. “The…

Do We Need a New Blockchain for Generative AI?

Until a few months ago, the gap between API-based and open-source foundation models was significant. Models such as OpenAI’s GPT-4, Anthropic’s Claude in the language space, DALL-E, and Midjourney in the computer vision space, seemed significantly advanced compared to open-source alternatives. However, a change started to occur late last year with the surprising open-source release of Stable Diffusion, which provided a viable alternative to API-based text-to-image models. Despite this, large language models (LLMs) continued to be the focal point of generative AI, and in that domain, open-source models paled in…

Twitter rival Mastodon active user base increases by 100+k

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A day following Twitter’s new limits on the number of posts users can see according to their verification status, a rival to the social media company called Mastodon reported a large increase in traffic.  According to a post from the creator and CEO of Mastodon, Eugen Rochko, on July 2 the platform’s active user base surged, with an increase of at least 110,000. Mastodon CEO, Eugen Rochko on Mastodon.  Mastodon is a German rival of Twitter with a similar tweet-like structure, though it highlights that the platform is user-driven and…

UK Law Commission recommends ‘distinct’ legal category for crypto

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The United Kingdom’s Law Commission is pushing for the creation of a ‘distinct’ category of personal property to accommodate and protect unique features of cryptocurrencies and digital assets. The body made the recommendation alongside three other key points following a mandate from the British government to carry out a common law analysis unpacking how legal frameworks in England and Wales can accommodate cryptocurrencies, nonfungible tokens (NFTs) and other digital assets. Chief among the recommendations is the creation of a new and distinct category of personal property for digital assets. The…

Revenge trading goes wrong as whale losses $1.88 million on ETH shorts

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A crypto whale has lost approximately $1.88 million after their ETH short position failed to yield the desired result. The price of ether (ETH) has continued its bullish momentum this week.  Most likely fueled by a desire to recover losses from an initial liquidation, the whale decided to double down on the short position on ether. However, the price of ETH kept soaring higher, resulting in a $1.88 million loss for the trader. Ether price analysis …