Month: August 2023

Lightning Is Key to Bitcoin Adoption

The current market price of Bitcoin, approximately $29,500, puts the prospect of owning a full bitcoin outside of the reach of most people. However, each bitcoin is subdivisible into one hundred million sub-units called “satoshis,” allowing anyone to exchange fiat-to-bitcoin in smaller amounts. Bitcoin investors refer to investing in smaller increments as “stacking sats.” This, paired with Layer Two (L2) integrations like the Lightning Network, are seen by many as the pathway to increasing Bitcoin use cases and elevating its role as a medium of exchange in commerce. Source

IBM blockchain and AI expert says ChatGPT poses several ‘key risks’ for enterprise use

IBM vice president and chief technology officer of IBM Automation, Jerry Cuomo, recently published a blog post laying out what he claims are several risks associated with using ChatGPT for enterprise.  There are several key risk areas, according to the blog post, that businesses should consider before operating ChatGPT. Ultimately, however, Cuomo concludes that only non-sensitive data is safe with ChatGPT: “Once your data enters ChatGPT,” writes Cuomo, “you have no control or knowledge of how it is being used.” Per the post, this type of unintentional data leakage could…

XRP Pain May Not Be Over Following This Decision In The Ripple Vs SEC Case

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The United States Securities and Exchange Commission (SEC) has reopened old wounds after a federal Judge grants the regulator’s request to file a new appeal against Ripple.   Ripple And SEC Legal Battle Continues Ripple, the crypto firm behind XRP cryptocurrency, had secured a partial victory in July in its case against the SEC that had raged on for almost three years. However, the regulator has not taken this lying down as on Thursday, August 17, Judge Analisa Torres reportedly gave official approval to the SEC’s motion to file an interlocutory…

A Weekly Digest of Everything in Real-World Assets

It could be a smart business play for Republic, which noted how blockchains can increase access and opportunities to invest in assets that are usually off limits to most people. “For millions of global retail investors, investing in private assets like startups, real estate, and fine art is opaque, highly illiquid, and mostly inaccessible,” Andrew Durgee said in a statement. “Tokenization solves all of these problems. It’s why we built Republic Wallet.” Source

Consensus 2024 Presented by CoinDesk

Consensus is the world’s largest, longest-running and most influential gathering that brings together all sides of the cryptocurrency, blockchain and Web3 community. From hard-hitting conversations with visionary speakers to hands-on workshops aimed at solving industry challenges, developers, investors, founders, brands, policymakers and more will walk away with the tools and insights needed to continue laying the foundation of a more decentralized future. It is called “Consensus” for a reason. This event is the primary forum where the industry comes together to discuss the most pivotal matters of the day, highlight…

Bitcoin price drops to a two month low — Did pro traders benefit?

The price of Bitcoin (BTC) fell by 11.5% from Aug. 16 to Aug. 18, resulting in $900 million worth of long positions being liquidated and causing the price to hit a two-month low. Before the drop, many traders expected a breakout in volatility that would push the price upward but this was obviously not the case. With the substantial liquidations, it’s important to address whether professional traders gained from the price crash. Bitcoin just saw one of its largest daily liquidations by volume in history. Starting at 4:30 PM yesterday,…

Bitcoin price drops to a two-month low — Did pro traders benefit?

boss

The price of Bitcoin fell by 11.5% from Aug. 16 to Aug. 18, resulting in $900 million worth of long positions being liquidated and causing the price to hit a two-month low. Before the drop, many traders expected a breakout in volatility that would push the price upward, but that was obviously not the case. With the substantial liquidations, it’s important to address whether professional traders gained from the price crash. Bitcoin just saw one of its largest daily liquidations by volume in history. Starting at 4:30 PM yesterday, #Bitcoin fell…

LiFi launches multi-bridge governance solution after Uniswap debate

Multichain bridging protocol LiFi has launched a multi-message aggregator for decentralized autonomous organization (DAO) governance, according to an Aug. 17 announcement from LiFi research lead Arjun Chand. If implemented by decentralized exchanges, lending apps, and other Web3 protocols, the new aggregator should help prevent governance attacks that originate from cross-chain bridges, according to the aggregator’s documentation. The announcement comes after a vigorous debate over bridge security on the Uniswap forums in late January and early February, concluding that no single bridge has all the security features necessary for secure governance.…

More Blood Ahead? Why Bitcoin Could Crash Further If It Loses $26,000

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The Bitcoin price range has been obliterated as the crypto market was corrected into a final support line. Volatility in the sector was compressed for weeks, and many were expecting some action in the short term, but the drop caught market participants by surprise as BTC kept on pushing lower. As of this writing, Bitcoin trades at $26,400, with an 8% loss in the last 24 hours. BTC recorded a 10% correction in the previous seven days, while some altcoins experienced a 17% and even 20% loss on BTC’s crash.…