Day: October 2, 2023

Bitcoin MPI Forms Death Cross, End of The Rally?

boss

On-chain data shows the Bitcoin Miners’ Position Index (MPI) has formed a death cross recently, a sign that the asset’s rally may end. Bitcoin MPI Has Formed A Bearish Crossover Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the 365-day moving average (MA) of the BTC MPI has crossed above the 90-day recently. The “MPI” here refers to an indicator that measures the ratio between the miner outflows and the yearly MA. The “miner outflows” are the amounts these chain validators transfer out of their combined…

FTX Founder Sam Bankman-Fried’s Closest Friends Will Testify Against Him. Here’s Who Else We’ll Hear From

Brian Kim, a data analytics and forensics expert, may speak to internal messaging between Bankman-Fried and his employees at FTX and its sister companies. If he is called to the stand, he may testify on “the content, metadata, and file paths associated with Slack data and Google documents,” that allegedly prove Bankman-Fried instructed his employees to destroy evidence of his companies’ alleged fraud. That data would include “the fields [of documents and messages] listing the author, custodian(s), and viewer(s), as well as the content created, modified, viewed, saved, and/or deleted…

Researchers find LLMs like ChatGPT output sensitive data even after it’s been ‘deleted’

boss

A trio of scientists from the University of North Carolina, Chapel Hill recently published preprint artificial intelligence (AI) research showcasing how difficult it is to remove sensitive data from large language models (LLMs) such as OpenAI’s ChatGPT and Google’s Bard.  According to the researchers’ paper, the task of “deleting” information from LLMs is possible, but it’s just as difficult to verify the information has been removed as it is to actually remove it. The reason for this has to do with how LLMs are engineered and trained. The models are…

BestChange.com Revolutionizes Cryptocurrency Exchanges With User-Centric Features and Trusted Network

boss

October 2, 2023 – Dubai, United Arab Emirates BestChange.com, a leading platform in the cryptocurrency industry, is taking a pioneering step in simplifying cryptocurrency exchanges for individuals seeking reliable and user-friendly solutions. With over 250 meticulously vetted exchangers and 16 years of experience, BestChange.com is transforming the way people exchange digital assets. BestChange.com offers an alternative approach to buying cryptocurrencies. BestChange.com boasts a comprehensive selection of digital assets available for exchange. From well-known cryptocurrencies like BTC, LTC and USDT to lesser-known crypto – refer to the website for the complete…

Grayscale files to convert $5b Ethereum fund into spot Ether ETF

Grayscale Investment submitted an application with the SEC seeking to reshape its current Ethereum-based trust into an exchange-traded fund tied to Ether’s spot price. The conversion move was disclosed in a Form 19b-4 SEC filing made by the New York Stock Exchange (NYSE) Arca, Grayscale’s chief legal officer Craig Salm confirmed via a post on X (formerly Twitter). If successful, the bid would convert the largest Ethereum-focused investment fund from a publicly traded private trust to a spot Ether ETF.  Grayscale Ethereum Trust, which trades under the ticker ETHE, commands…

XRP Price Bloodbath On The Horizon? Report Casts Doubt On Rally

boss

Over a billion dollars in liquidations sent the XRP price and the crypto market back from the dead and into local highs. However, new data suggests the rally might be short, pushing down the nascent sector into critical support. As of this writing, the XRP price trades at $0.5 with a 4% profit in the last week. The cryptocurrency rallied in the previous 24 hours but has been retracing its steps over the past few hours, hinting at potential losses unless buyers step in and defend these levels. XRP’s price…

Sphere Entertainment (SPHR) Stock Rallies Following Opening of Sphere Venue with U2 Concert

JPMorgan Chase & Co. recently raised its Sphere Entertainment stock price target from $25 to $28 following the release of the entertainment company’s Q4 figures. Sphere Entertainment Co (NYSE: SPHR) stock rose by more than 7% after the company opened its Sphere venue in Las Vegas with a show by U2 on Friday night. The 360-foot-tall venue is located at the Venetian Resort and will host live concerts and sporting events. Everything you need to know about the all new MSG Sphere in Las Vegas. This concert venue is state…

Grayscale Seeks SEC Approval to Convert Ethereum Trust into Spot ETF

If approved, the move marks a significant step towards providing investors with transparent and regulated access to crypto within familiar product structures.  Grayscale Investments, one of the world’s largest asset management companies, has submitted a formal request to the US Securities and Exchange Commission (SEC) for approval to convert the Grayscale Ethereum Trust (ETHE) into a spot Ethereum Exchange-traded fund (ETF). According to an official press release on Monday, the Form 19b-4 application was filed by the New York Exchange (NYSE) Arca on October 2, following the approval of the…

Crypto Analyst Reveals Why He Will No Longer Accumulate

The sentiment around the XRP price has been mostly bullish lately with numerous predictions coming through for a potential rally. However, not everyone has joined the bull bandwagon after being disappointed by the XRP price performance. One analyst in particular has expressed its displeasure at XRP’s performance over the years, and as a result of this, the analyst wants to abandon the token. XRP Price Value Weakens One analyst who goes by CryptoCheck on the TradingView platform has put forward reasons for why he is no longer bullish on the…