Month: July 2023

Ethereum price can reclaim $2k in August, Santiment predicts

Santiment predicts that Ethereum price can reclaim the psychological $2k price mark by August.  Since reaching its peak of $2,132 in April 2023, Ethereum (ETH) has struggled to regain its bullish momentum.  According to Santiment, the psychological area of value at $2,000 has become a pivotal point for traders, determining their optimism or skepticism towards the asset. As bitcoin(BTC) dominated the market in June, ETH only managed a meager 4.8% gain against BTC, failing to excite traders.  ETH’s subdued price action has resulted in fewer discussions about the asset, paralleling levels…

Twitter to impose daily limits on DMs for unverified accounts, citing an effort to ‘reduce spam’

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More controversial changes are coming to Twitter, with the social media platform set to introduce daily direct message (DM) limits for unverified users. In a July 21 tweet, Twitter Support stated that the platform will “soon be implementing some changes in our effort to reduce spam in Direct Messages.” “Unverified accounts will have daily limits on the number of DMs they can send,” it stated, as it prompted users to sign up for its subscription service Twitter Blue. We’ll soon be implementing some changes in our effort to reduce spam…

Whales stirring up waves with mega-transactions in BTC, ETH, SHIB, SOL

Major cryptocurrency investors, known as ‘whales,’ have recently initiated significant transactions across multiple digital currencies, causing notable shifts in the digital asset market. Some major whales have instigated movements amounting to hundreds of millions of dollars in crypto. These transactions span a range of digital assets, including industry giants Bitcoin (BTC) and Ethereum (ETH), as well as emerging platforms such as Solana (SOL) and Chainlink (LINK), and meme cryptocurrencies like Shiba Inu (SHIB). As reported by Whale Alert, a tracking platform committed to monitoring large crypto transactions, an unidentified investor…

FTX’s former CEO SBF allegedly leaked ex-lover’s diary

The US Department of Justice (DoJ) has attributed a leak of Caroline Ellison’s personal diary excerpts, recently featured in a New York Times piece, to her ex-lover, Sam Bankman-Fried. Caroline Ellison, previously in a romantic relationship with SBF, was the chief of the quantitative trading company Alameda Research during the implicated period. How did SBF’s lover’s diaries leak? Alleged disclosure of Ellison’s diary by SBF, currently confined to his parents’ California estate on a $250 million bail, faced more sensational allegations this week. “Bankman-Fried’s dissemination of Caroline Ellison’s reflections to…

Binance slashes costs, Ripple ready for US banks and crypto VCs return

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The crackdown on crypto firms by the United States Securities and Exchange Commission (SEC) appears to have severely affected Binance’s business. During the past few weeks, the crypto exchange reportedly fired over 1,000 employees and slashed some benefits.  According to Binance, the “current market environment and regulatory climate” have caused a decline in profits, suggesting more cuts may be in the works. A spokesperson told Cointelegraph the firm would consider scaling back on “certain products, business units, staff benefits and policies” in response to business and regulatory concerns. Binance has…

Polygon ID becomes available on Ethereum after partnership with Rarimo

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Interoperability protocol Rarimo has partnered with Polygon ID, enabling the use of its verifiable credential infrastructure across multiple blockchains. Rarimo, a tool that helps different blockchains talk to each other, has joined forces with Polygon ID, a system for checking identities, to make their identity-checking tools available across many different blockchains, turning Polygon ID into a multi-chain tool. Polygon ID had previously allowed identity checks only on the blockchain where they were first set up. For…

AI21 Labs debuts anti-hallucination feature for GPT chatbots

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AI21 Labs recently launched “Contextual Answers,” a question-answering engine for large language models (LLMs).  When connected to an LLM, the new engine allows users to upload their own data libraries in order to restrict the model’s outputs to specific information. The launch of ChatGPT and similar artificial intelligence (AI) products has been paradigm-shifting for the AI industry, but a lack of trustworthiness makes adoption a difficult prospect for many businesses. According to research, employees spend nearly half of their workdays searching for information. This presents a huge opportunity for chatbots…

Centralized exchanges will become gateways for DeFi: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi saw new advancements in zero-knowledge proofs (ZK-proofs) as a scaling solution as more DeFi protocols embraced the technology. A new United States Senate DeFi bill attracted a lot of scrutiny — though not necessarily of the positive kind — as many stakeholders came out to slam the “unworkable” legislation. The CEO of the dydx Foundation made a…

UK court grants appeal from Craig Wright in Bitcoin rights lawsuit

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A British court granted an appeal on July 20 that gave Craig Wright the right to argue in litigation that the Bitcoin file format is well-defined enough to qualify for copyright protection.  Wright, who since 2016 has claimed to be the inventor of Bitcoin (BTC), launched a lawsuit against 13 Bitcoin Core developers and a group of companies, including Blockstream, Coinbase and Block, alleging violation of his copyright to the Bitcoin white paper, its file format and database rights to the Bitcoin blockchain. The decision reversed a ruling from February…