Month: August 2023

Rollbit Continues Supremacy Over Top 100 Cryptos

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Within the select group of the top 100 cryptocurrencies at the moment, Rollbit Coin (RLB) stands out as the best-performing project. The token has impressively increased by an astonishing 113% in the last week alone, and its daily performance charts also show an equally impressive gain of 30%. Recent statistics highlight Rollbit’s impressive financial accomplishments, with its income topping $2 million in the previous day. A wide range of services, such as cryptocurrency futures, sports betting, and casino games, are responsible for this remarkable financial achievement. A significant amount of funds—net…

What is FreedomGPT? | Blockchain News

Introduction to FreedomGPT FreedomGPT is an open-source AI chatbot initiative, emphasizing uncensored, private, and unbiased interactions. Launched by Age of AI, LLC, FreedomGPT’s mission is to democratize artificial intelligence, making it accessible, uncensored, and free from corporate or governmental control. This unique approach sets a new standard for AI interaction, emphasizing user privacy and unbiased communication. The goal of FreedomGPT  is to  “illustrate that AI Safety isn’t advanced through censorship. Additionally, we believe every company and individual should have access to their own 100% private LLM.” Technology and Design: Leveraging…

The next big leap for Ethereum liquid staking: The staking landscape

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Imagine a world where everyone, regardless of their background, can easily access and participate in the revolutionary world of Ethereum. A world where decentralized applications empower individuals, and the potential for innovation knows no bounds. Against a highly equivocal and chaotic macroeconomic landscape, this is the world that the prophets of Ethereum dream of. But little do they know this world is like an unrealized dream. Why? Let’s dig deeper. Reflecting on the Ethereum liquid staking landscape Centralized liquid staking protocols are at the forefront of the liquid staking revolution…

A ‘Head-and-Shoulders’ Case for Altcoins

A bullish inverse head-and-shoulders price pattern is building in the combined market capitalization of altcoins. The term “altcoin” is short for “alternative coin” and, in this case, refers to cryptocurrencies other than bitcoin, ether and top stablecoins. A potential completion of the pattern would signal “alt season,” or outperformance of alternative cryptocurrencies relative to bitcoin and ether, according to technical analysis by Josh Olszewicz, a crypto trader and former researcher at Valkyrie Investments. Olszewicz analyzed the charts of altcoins, excluding ether and prominent stablecoins. The inverse head-and-shoulders, one of the…

Binance applies for Taiwan AML compliance: Report

The world’s leading crypto exchange by trading volume, Binance, has reportedly applied to get registered under the money laundering control act introduced by the Financial Supervisory Commission (FSC) of Taiwan. FSC reportedly informed dozens of domestic crypto service providers that Binance is applying to get registered for anti-money laundering (AML) compliance, according to a report published in local media. The report cited Chen Peiyun, the co-founder of Taiwan’s currency exchange BitShine,  as the source of the information who revealed that the FSC named Binance as one of the exchange prospects that is planning…

US regulators consider regulating political deep fakes ahead of 2024 election

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The United States Federal Election Commission (FEC) voted unanimously on Aug.10 to advance a petition that would potentially regulate deep fakes in political ads generated by artificial intelligence (AI). The petition targets ads that use AI to portray political candidates doing or saying things they did not do ahead of the 2024 elections. Robert Weissman, the president of the advocacy organization behind the petition, Public Citizen, called deep fakes a “significant threat to democracy.” “The FEC must use its authority to ban deep fakes or risk being complicit with an AI-driven…

Bittrex Settles with SEC for $24 Million After Unregistered Exchange Charges

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Bankrupt cryptocurrency exchange Bittrex, along with its CEO, has reached a settlement with the Securities and Exchange Commission (SEC) for a sum of $24 million. This resolution comes after the SEC charged the exchange in April for its operation as an unregistered exchange, media reports said. Bittrex, its foreign affiliate, and former CEO William Shihara neither admitted nor denied the allegations. Bittrex’s foreign affiliate, known as Bittrex Global GmbH, has agreed to settle charges regarding its failure to register as a national securities exchange, according to an official statement by…

Solana Cuts Saga Price By 40%, Case For SOL YTD High Rises

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Solana Mobile, a subsidiary of Solana Labs, announced a significant 40% price reduction for its Saga smartphone, slashing the price from its initial $1,000 to a more affordable $599. This move comes just four months after the phone’s launch, sparking a flurry of reactions from the crypto community. The official statement from the company suggests that the price cut is a strategic move to foster wider adoption of mobile web3 and to enhance the user experience for the Solana mobile community. However, on-chain data paints a slightly different picture. According…

Worldcoin opens up WLD reservations for unverified users

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The iris scanning crypto project Worldcoin has now made it possible for even unverified customers to reserve their Worldcoin tokens (WLD). In an announcement on Aug. 11, the Worldcoi n project noted that the World app now offers a reservations feature to make it easier for everyone to reserve their WLD tokens before verifying their World ID. The reservation will be valid for 12 months and users can redeem their reserved world tokens by visiting the iris scanning device called Orb. World App with reservation feature. Source: Worldcoin The Worldcoin…