Month: August 2023

OpenAI gets lukewarm response to customized AI offering

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OpenAI has introduced the option of fine-tuning for GPT-3.5 Turbo, enabling artificial intelligence (AI) developers to enhance performance on specific tasks using dedicated data. However, developers have expressed criticism as well as excitement for the development. OpenAI clarified that through the process of fine-tuning, developers can customize the capabilities of GPT-3.5 Turbo according to their requirements. For example, a developer could fine-tune GPT-3.5 Turbo to create customized code or proficiently summarize legal documents in German, using a data set sourced from the client’s business operations. You can now fine-tune GPT-3.5-Turbo! Seems…

SEC may approve Ethereum futures ETF as DigiToads launches NFT game

In the crypto markets, things can happen very slowly and then all at once. An insider recently revealed that a US regulator could fast-track the approval of several futures products for Ethereum.  Currently, more than 12 futures products are on the pending list. However, the Securities and Exchange Commission’s (SEC) unexpected move on Ethereum futures exchange-traded fund (ETF) will likely see them all approved at once.  The expected capital influx to Ethereum (ETH) could boost its ecosystem, and analysts are confident this could also support ERC-20 tokens.  Popular decentralized finance…

Increase in ETH-BTC Ratio Fails to Inspire Bullish Crypto Market Positioning in Ether Options

“BTC continues to be ‘the’ macro asset for the crypto market and could also see some strong inflows as the macro environment shifts,” Noelle Acheson, author of the popular Crypto Is Macro Now newsletter, said. “Many large investors will continue to prefer BTC exposure for its liquidity, market cap, and relative stability. So, we could see some ETH outperformance on the ETF narrative, but BTC could again outperform once macro investor funds start to take crypto positions.” Source

Atomic Wallet faces lawsuit over $100M crypto hack losses: Report

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A group of disgruntled cryptocurrency investors have launched a class action against Atomic Wallet, which suffered a major breach and $100 million in losses in June. Dozens of high-net worth investors from Russia and the Commonwealth of Independent States are part of the class action against Atomic Wallet, the German business media agency bne IntelliNews reported on Aug. 21. The lawsuit is being coordinated by German lawyer Max Gutbrod and Boris Feldman, a co-founder of Moscow legaltech firm Destra Legal. Gutbrod, former partner of over two decades at Baker &…

Elon Musk’s Latest Tweet Boosts Dogecoin By 4%: Buy Now?

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Once again, the crypto world is abuzz today with another unexpected movement in Dogecoin’s (DOGE) price, thanks to a tweet from the iconic Tesla CEO, Elon Musk. This has become a consistent phenomenon, where virtually every Elon Musk tweet hinting at or referencing Dogecoin prompts a flurry of activity from DOGE enthusiasts, regardless of the subtlety or directness of the tweet’s content. This morning, the catalyst for the sudden upswing in DOGE’s value was a simple tweet from Musk. He shared a logo animation of the “X” logo, created by…

Will The Planned Token Unlock Bring Back The Energy?

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Avalanche (AVAX)  is gearing up for a significant unlock event that has sparked speculation among investors. The past month has witnessed a prevailing bearish sentiment, with volume indicators suggesting that the buying pressure might not be robust enough to counter the crypto’s prevailing losses.  Despite this recent decline, all eyes are on the impending unlock event, pondering the potential impact it might have on AVAX’s price trajectory. Scheduled to occur later this week, the unlock event is based on data sourced from Token Unlocks. This data indicates that an impressive…