Month: July 2023

OpenSea introduces Deals, monthly trading volumes slump 96% from January 2022

Reports on July 21 reveal that OpenSea, a non-fungible token (NFT) marketplace, has introduced a new feature called Deals, allowing users to trade NFTs for other NFTs or Ethereum (ETH).  Powered by Seaport, an NFT protocol, OpenSea said Deals offer users a more flexible and secure way to trade NFTs directly on the platform. The introduction of Deals comes as NFT trading volumes have seen a significant decline in recent months. Factors such as the overall bearish trend in the cryptocurrency market and increased competition from other NFT marketplaces have…

Bitfinex hackers may plead guilty, prosecutors to recover $3 billion

A recent update in the federal court docket suggests that Ilya Lichtenstein and Heather Rhiannon Morgan, a New York couple, may plead guilty in the case against them for allegedly attempting to launder $4.5 billion in Bitcoin stolen during the 2016 Bitfinex hack. Their names appeared in a document typically used by federal prosecutors when defendants reach a plea agreement, indicating that the charges against them may soon be resolved. Bitfinex hack update: stolen Bitcoin now worth over $4.5 billion  Court records reveal that Ilya Lichtenstein and aspiring rapper Heather Rhiannon Morgan…

OpenAI launches official ChatGPT app for Android

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OpenAI on July 21, revealed its plan to launch an Android version of the well-received ChatGPT chatbot in the upcoming week. This means Android users will now have access to this AI sidekick 24/7, just like iOS users who have been enjoying it since May. The company tweeted the upcoming release of ChatGPT for Android, scheduled for the following week, without specifying the exact day. They provided a preorder page in the Google Play Store, allowing users to register for installation once the app is ready. ChatGPT’s iOS app was…

Bitcoin Cash uptrend wanes as Cardano holds firm, investors exploring Borroe

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied While Cardano supporters are bullish, recent withdrawals of Bitcoin Cash by whales could slow down their uptrend. Because of these concerns, some investors are exploring Borroe and examining the platform’s scalability and real-world utility. Whales withdraw $27.5 million of Bitcoin Cash In June, Bitcoin Cash rallied after the United States Securities and Exchange Commission (SEC) alleged that several altcoins were unregistered securities. However, over the last seven days, Bitcoin Cash has dropped by 11.19% and is currently trading…

AI companies commit to safe and transparent AI — White House

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On July 21, The White House announced that prominent artificial intelligence (AI) companies, such as OpenAI, Google and Microsoft, have committed to developing AI technology that is safe, secure and transparent. The White House also acknowledged other companies like Amazon, Anthropic, Meta and Inflection for committing to AI safety. The Biden Administration emphasized the responsibility of the companies to ensure the safety of their products and harness AI’s potential while promoting high standards in its development. Kent Walker, Google’s president of global affairs, acknowledged that achieving success in AI requires…

Nigerian social payments app shuts down crypto exchange services

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Nigerian social payments app, Bundle announced on July 20 that it is shutting down its crypto exchange arm.  According to a statement released on the company blog, explaining that it is ceasing its crypto exchange operations as it focuses on expanding the services of Cashlink as a payment solution. Bundle stated that it will cease operations of its exchange services as part of the shareholders’ decision to restructure the business to focus on Cashlink. Screenshot of Bundle press release statement. Source: Bundle In the statement, the company cited that this…

Concerns about ApeCoin intensify as investors explore DigiToads and Monero

The bear market has taken a toll on many projects, especially those whose valuations were inflated by hype and easy liquidity during the quantitative easing era.  As the bear market comes to a close and the bull market emerges, investors must realize that not all top altcoins from the previous cycle will survive.  New crowdfunding efforts and decentralized finance (DeFi) projects constantly challenge the established hierarchy and have, so far this year, outperformed well-known players by a significant margin. One example is ApeCoin, which has suffered due to the declining…

Crypto investors in Canada face home theft risk, police say

Canadian police issued a public warning on July 19 regarding a concerning trend of high-value crypto investors falling victim to home robberies. The Royal Canadian Mounted Police (RCMP) in Richmond, located south of Vancouver, reported multiple incidents of similar nature over the past year. Staff sergeant Gene Hsieh from the Richmond RCMP major crime unit claimed that the criminals behind these robberies specifically target individuals known to be high-value cryptocurrency investors. The modus operandi of the thieves involves impersonating delivery drivers to gain access to the victims’ homes. Once inside,…

SEC hints at potential appeal to XRP ruling from Ripple Labs lawsuit

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The U.S. Securities and Exchange Commission has suggested that it may appeal a recent ruling on the Ripple Labs lawsuit, which deemed XRP to not be a security when sold to retail investors. The SEC argues that the ruling goes against “fundamental securities laws principles” such as the Howey Test, which determines what falls under the category of an investment contract or not. Do we really want a judge to ask herself: Does my strict application of the Howey test in this case result in an outcome in 2023 that…

SENATOR leverages Ardor blockchain for urban planning

The Smart Network Operator Platform enabling Shared, Integrated and more Sustainable Urban Freight Logistics (SENATOR) is leveraging the Ardor, a blockchain, for urban planning policies to design sustainable last-mile operations, latest reports on July 20 shows. SENATOR and urban planning policies SENATOR is funded by the European Commission and leverages blockchain technology in urban planning policies. Its main objective is to design decentralized and transparent last-mile operations, focusing on sustainability and security. Coordinated by Correos, an international consortium is managing the affairs of the SENATOR project, the platform aims to…