Day: September 8, 2023

Apple buys rights to book on SBF for $5m

Apple reportedly acquired the rights to a book by author Michael Lewis based on FTX founder Sam Bankman-Fried’s bio. Tech giant and iPhone maker Apple scooped up the rights to an upcoming book centered around Sam Bankman-Fried (SBF), the founder of bankrupt crypto exchange FTX, currently facing criminal charges. Apple paid $5 million for rights to the book titled Going Infinite: The Rise and Fall of a New Tycoon written by best-selling author Michael Lewis, according to media outlet The Ankler. Lewis is popular for written works like The Big…

U.S. SEC Counters Ripple in Ongoing Effort to Appeal Groundbreaking XRP Ruling

Judge Torres ruled in July that Ripple violated federal securities law in how it sold XRP to institutional investors, but that it had not done so with retail investors. Another judge in the same court, Judge Jed Rakoff, disagreed with the judgment when he ruled on a different case, also brought by the SEC. The regulator pointed to this in its first memo and Friday’s filing as part of its bid to convince Torres to allow the so-called interlocutory appeal, allowing an appellate court to take up some legal questions…

This Indicator Sparks Confidence In Bitcoin Rise To $27,000

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For Bitcoin (BTC), the largest cryptocurrency in the market, the month of September has seen a lack of definitive strength from both bulls and bears, resulting in a period of sideways chop and rapid bouts of volatility.  Material Indicators, a prominent crypto analysis firm, sheds light on the prevailing market conditions and highlights the intricacies of short-term price action (PA) against the backdrop of the macro sentiment. Unpredictable Market Conditions Prevail As BTC Seeks Direction Despite a bearish macro sentiment, where a broader downtrend is anticipated, short-term price action often…

Coinbase’s lending bet, a new ads policy at Google and Marathon’s mining performance

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Crypto giant Coinbase seems to be strategically steering its ship amid constant crypto industry turbulence in 2023. The company recently unveiled its lending platform for institutional investors, aiming to fill the void left behind by major players during 2022’s crypto winter, when firms such as Celsius Network, BlockFi and Genesis went bankrupt.  The move comes after the company shut down its Borrow service for retail customers in May amid regulatory scrutiny. The service allowed certain customers to use crypto as collateral to receive a cash loan. The new lending solution,…

Binance NFT ends Sandbox staking and drops Polygon network

Binance NFT announces the end of The Sandbox NFT Staking Program and discontinuation of Polygon Network support, effective from Sept. 26, 2023. Binance NFT has announced significant changes to its platform. They include discontinuing The Sandbox NFT Staking Program and removing support for the Polygon Network.  These updates are part of Binance NFT’s ongoing efforts to refine its product offerings on its marketplace. Important Update: Binance NFT Marketplace will be discounting The Sandbox NFT Staking Program and remove Polygon Network with effect from 2023-09-26 06:00 (UTC). Read more ➡️ https://t.co/rnk78i0rTw…

NFT Video Startup Glass Falls to Crypto Bear Market

The idea of Glass was to give online content creators a platform for minting and selling their videos directly to their fans, where they might make more money than, say, on YouTube. Its founders saw the blockchain as bringing more transparency to this process, and also permanence, by storing them in a decentralized manner. Source

Scientists created ‘OpinionGPT’ to explore explicit human bias — and you can test it for yourself

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A team of researchers from Humboldt-Universitat zu Berlin have developed a large language artificial intelligence model with the distinction of having been intentionally tuned to generate outputs with expressed bias. Called OpinionGPT, the team’s model is a tuned variant of Meta’s Llama 2, an AI system similar in capability to OpenAI’s ChatGPT or Anthropic’s Claude 2. Using a process called instruction-based fine-tuning, OpinionGPT can purportedly respond to prompts as if it were a representative of one of 11 bias groups: American, German, Latin American, Middle Eastern, a teenager, someone over…

Why is Stellar (XLM) price up this week?

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The Stellar token experienced a notable 11.5% increase in value between Sept. 2 and Sept. 8, a novelty given that Bitcoin and most altcoins are down for the week. The surge came after Stellar (XLM) tested the $0.113 support level, which marked its lowest point in the past eight weeks. The price upswing followed a preliminary announcement made by the Stellar organization on social media.  While the announcement was somewhat cryptic, it hinted at something significant occurring on Sept. 12, with phrases like “something cool is dropping” and “change” on the horizon.…

Over 40% Holders In Profit, But How Do Other Meme Coins Fare?

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A recent report by IntoTheBlock offers new insights into the profitability of meme coin holders, including Dogecoin, highlighting variations in the percentage of holders in profit and whale concentration. Dogecoin, the forerunner in this category, continues to hold its own, with new data underscoring its dominance in terms of profitability for its holders. Dogecoin Holds The Lead According to the report by blockchain data analytics platform IntoTheBlock, Dogecoin outpaces its counterparts, with 42% of its holders being in profit. It is worth noting that this appears to solidify its position as…

Alibaba’s Ant Group unveils blockchain development brand

Ant Group Digital Technologies, linked to China’s Alibaba Group, has unveiled ZAN, a brand dedicated to providing blockchain development tools. Ant Group Digital Technologies, an affiliate company of the Chinese conglomerate Alibaba Group, recently announced the launch of ZAN. The new brand will offer a range of blockchain development products and services aimed at meeting the needs of both institutional and individual web3 developers. The announcement, made at this year’s Inclusion Conference on the Bund, emphasized resolving key issues that the emerging web3 sector faces, including regulatory compliance and security.…