Month: August 2023

Uniswap (UNI) Stays Afloat With 11% Gain

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Uniswap (UNI) has experienced a remarkable, bullish surge in its price amidst mounting sell-pressure on cryptocurrency exchanges. Bullish crypto traders have actively placed orders to buy 1.3 million UNI tokens, driving the price to $6.43, one of the highest levels in the past four months.  CoinGecko data indicates that the token experienced a minor 0.07% drop in the past 24 hours but a notable seven-day rally of 12.4%. Recent data compiled by Santiment also reveals a noteworthy and sudden surge in Uniswap’s Age Consumed, indicating significant movement of tokens in…

AI can be a ‘creative amplifier’ — Grammy chief exec Harvey Mason Jr.

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Using artificial intelligence (AI) in creative industries is not an entirely new phenomenon. Whether in color-correcting images or cleaning up vocals, the technology has been deployed for years.  However, since the emergence of generative AI chatbot ChatGPT made AI tools widely accessible to the public, there has been a stir surrounding the technology’s place in the arts. Music industry giants like Universal Music Group have been active in trying to manage AI-generated content. Most recently, the Recording Academy — the institution behind the yearly Grammy music awards — updated its…

Taj Quantum Utilizes Blockchain in Authentication Systems, Awarded Patent for Groundbreaking Type II Superconductor

Taj Quantum, a company specializing in quantum technology and blockchain-based authentication systems, has been awarded a patent by the United States Patent and Trademark Office (USPTO) for its Above Room Temperature Type II Superconductor. The patent, numbered #17249094, was announced on July 31, 2023. The patented superconductor operates at a wide range of temperatures, from about -100° F (-73° C) to about 302° F (150° C). This range, which includes temperatures well above room temperature, is a characteristic uncommon in the world of superconductors. Inventors John Wood and Paul Lilly,…

SushiSwap furthers cross-chain functionality with Core integration

Decentralized finance (DeFi) platform SushiSwap is set to integrate with the growing blockchain protocol, Core, tapping into the protocol’s unique consensus mechanism to provide a broad set of DeFi services to its cross-chain functionality. The integration is touted to increase the possibilities for developers building within the Core ecosystem, with decentralized applications built on the protocol gaining access to SushiSwap’s liquidity pools, cross-chain swaps and its decentralized exchange (DEX) aggregator. The liquidity of SushiSwap’s automated market maker platform is also set to benefit the Core ecosystem, with the additional liquidity…

FTX.com releases restructuring plan, hints at rebooted offshore exchange

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FTX.com has outlined its intended re-organization plan that will categorize claimants of the bankrupt exchange into specific classes and pave the way for the exchange to become re-operational as an offshore entity. Dockets filed on July 31 include a draft plan of reorganization that outlines the company’s intended path to settle an “exceptionally large and complicated collection of claims”. There are a total of 13 different classes of claims, including specific brackets for Dotcom customer entitlement claims, U.S. customer claims and nonfungible tokens (NFTs) customer claims. Related: FTX reboot on the…

AI mentions skyrocket in major tech companies’ Q2 calls

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In earnings calls for the second fiscal quarter for major tech companies, the mention of artificial intelligence (AI) has skyrocketed compared to the previous quarter, according to a report on the topic from Reuters.  The S&P 500 companies that took the lead in discussions surrounding AI included Google’s Alphabet, Intel, Microsoft and Meta platforms, along with others who increased talks around AI such as Cadence Design, IBM, ServiceNow, Moody’s and Omnicom. In Intel’s second-quarter call, AI was mentioned 58 times compared to 15 times in its first-quarter call. Alphabet’s call…

Bitcoin loses $29K as traders flag key BTC price levels to watch next

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Bitcoin (BTC) shed 2% into the start of August as traders’ expectations of further downside slowly came true.  BTC/USD 1-hour chart. Source: TradingView Bitcoin short-term holder breakeven point in focus Data from Cointelegraph Markets Pro and TradingView showed BTC’s price trajectory leaning lower at the July monthly close. Volatility was already anticipated, and BTC/USD did not disappoint after a week of barely any movement whatsoever. Bulls, however, were left in the cold. For popular trader and analyst Rekt Capital, the close price was significant but demanded that buyers now step…

FTT Token Surges 17% After FTX Confirms Rumors Of Relaunch

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Bankrupt crypto exchange FTX has submitted a proposal that may result in the relaunch of its international arm FTX.com. On August 1, the company’s bankruptcy administrators confirmed rumors of a relaunch by filing a draft plan of reorganization in which it proposes the kick-off of a “rebooted” offshore exchange exclusive to non-US users only. FTT Gains By 17% Amidst Plans To Terminate Claims FTT, the native token of the FTX exchange, recorded a significant boost in its price on the emergence of the exchange’s proposal to relaunch in the international…