Month: July 2023

China’s digital yuan nears $250B transaction volume: Central bank governor

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Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank governor has claimed. On July 19, People’s Bank of China governor Yi Gang spoke at a conference in Singapore and said its central bank digital currency transacted 1.8 trillion yuan as of the end of June. Yi added there have been around 950 million transactions from roughly 120 million wallets since the e-CNY’s initial January 2022 rollout lending to an average transaction amount…

Ubisoft to run a Cronos blockchain validator node

Ubisoft, a video game creator and publisher, is growing its footprint in the non-fungible token (NFT) gaming industry after partnering with Cronos, a blockchain network, per an update on July 18. Ubisoft to run a Cronos validator node Ubisoft, famous for franchises such as Just Dance and Assassin’s Creed, will manage a node on the Cronos network, an open-source platform compatible with Ethereum and Cosmos blockchains. Ubisoft, a leading creator and video games publisher, joins the Cronos ecosystem as network validator.Cronos will greatly benefit from the expertise of Ubisoft’s Strategic…

ChatGPT’s capabilities are getting worse with age, new study claims

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OpenAI’s artificial intelligence-powered chatbot ChatGPT seems to be getting worse as time goes on and researchers can’t seem to figure out the reason why.  In a July 18 study researchers from Stanford and UC Berkeley found ChatGPT’s newest models had become far less capable of providing accurate answers to an identical series of questions within the span of a few months. The study’s authors couldn’t provide a clear answer as to why the AI chatbot’s capabilities had deteriorated. To test how reliable the different models of ChatGPT were, three researchers,…

Dormant whale awakens after 8 years, moves over $116 million of Ethereum to Kraken

An Ethereum wallet address that has been dormant for eight years recently moved its entire stash of 61,216 ETH, valued at $116 million at spot rates as of July 19, to an address on Kraken, a crypto exchange. Initially worth approximately $20 million during the pre-mine phase, ETH prices have since surged, lifting the entire stash by 8X to roughly $116 million over the years. 💤 💤 💤 💤 💤 💤 💤 💤 💤 💤 A dormant pre-mine address containing 61,216 #ETH (116,396,127 USD) has just been activated after 8.0…

BitSport unveils BitPool v2 and BITP token

BitSport has unveiled BitPool V2 that has cross-platform functionality and multiplayer capabilities. It has also initiated a Balancer Liquidity event on Fjordfoundry for its governance token, BITP. BitSport unveils BitPool v2 BitPool v2 is an artificial intelligence (AI) and web3-based 8-ball pool game designed to merge the traditional 8-ball pool gameplay with blockchain technology and enhance user experience globally via enhanced rewards using its gamified features. The recent update also adds cross-platform functionality and multiplayer capabilities for the first time, allowing gamers to enjoy multiplayer matches across web browsers or…

ZK proofs could change the internet, not just Web3 — Aleo exec

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Zero-knowledge proofs could be used to solve the “biggest problem” plaguing the internet today — privacy, according to one cryptocurrency executive. Speaking with Cointelegraph at the Ethereum Community Conference (EthCC) the marketing chief at privacy-focused infrastructure platform Aleo, Brennen Schlueter, said while ZK proofs have become a popular solution to provide blockchains with improved scalability through ZK rollups, they have the potential to reshape the entire internet. ZK proofs enable the transfer of information to take place between two parties in which the originator only needs to reveal relevant information…

EV maker’s Bitcoin holdings see no change in Q2

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For the fourth quarter in a row, Tesla hasn’t sold or added to its digital asset holdings with the electric vehicle manufacturer continuing to hold $184 million worth of its remaining Bitcoin (BTC). In Q2 2023 earnings released on July 19 the net value of Tesla’s Bitcoin holdings stood at $184 million which has held at the same value for the past two quarters. Tesla hasn’t bought or sold any Bitcoin since Q2 last year when it sold more than 30,000 Bitcoin — which accounted for roughly 75% of its…

XRP Price, XLM Price Climb Again While Bitcoin BTC Price Trudges Below $30K

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ADA and SOL, the native cryptos of smart contracts platforms Cardano and Solana, rose over 6% at certain points, far outstripping bitcoin and ether, which slogged through another dispiriting day of little price movement. Bitcoin was recently trading at $28,877, roughly flat over the previous day. Ether had edged down the better part of a percentage point to trade just below $1,900. Original

New bill proposes strict rules for DeFi protocols

The U.S. Senate is again preparing to tackle crypto industry regulation through a new bill. The proposed Crypto-Asset National Security Enhancement Act of 2023, backed by bipartisan support, aims to enforce strict anti-money laundering (AML) measures on decentralized finance (DeFi) protocols, mandating them to adopt banking-like controls for their users. Regulating DeFi DeFi protocols, the decentralized applications enabling users to engage in crypto borrowing, lending, and trading through smart contracts, present a unique regulatory challenge due to their operation on permissionless blockchains.  However, the proposed bill released on July 18 addresses these…

Societe Generale’s crypto division secures license in France

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied SG-FORGE, the cryptocurrency unit of the French multinational financial giant, Société Générale Group, has become the first institution to receive a cryptocurrency regulatory license in France, enabling the company to operate as a regulated digital asset service provider (DASP) in the country.  According to an updated list from the website of France’s financial markets watchdog, Autorité des Marchés Financiers (AMF) Societe Generale-Forge was listed as the only licensed DASP. The subsidiary received regulatory approval from the…