Day: October 6, 2023

Microsoft Nears Completion of $68.7B Activision Blizzard Deal

The approval came after the FTC in the United States initially filed a lawsuit to block the Activision Blizzard acquisition last year. According to a Friday report from The Verge, Microsoft Corp (NASDAQ: MSFT) is edging closer to finalizing its proposed $68.7 billion acquisition of Activision Blizzard, with an expected announcement set for next week. The US-based tech giant has earmarked October 13 as the potential closing date for the deal. The long-awaited acquisition, which has been in the works for over 20 months, is subject to approval from the…

MyTonWallet Unveils Enhanced Version New Features and Security

MyTonWallet’s v16 version upgrade comes on the heels of the introduction of messaging functionality implemented on the TON blockchain earlier in July. MyTonWallet, an independent crypto and browser extension wallet for the TON network has unveiled its highly anticipated v16 version. This latest update brings a host of exciting features to the table while bolstering security measures, reinforcing MyTonWallet’s commitment to responsible wallet use. Exciting Features on MyTonWallet’s v16 Version One of the most noticeable changes in the v16 version is the refreshed design. Both the browser extension and mobile…

Ethereum (ETH) Becomes Centralized with Staking Surge

The analysts stressed that centralization, whether caused by specific entities or inherent features of the protocol, presents significant risks to the Ethereum network. This In recent months, the Ethereum (ETH) staking ecosystem has witnessed significant growth following the implementation of the Merge and Shanghai upgrades, transitioning the network from proof-of-work to proof-of-stake blockchain. However, this surge in staking activities has posed challenges, as revealed in a recent report by JPMorgan analysts led by Nikolaos Panigirtzoglou. Decentralized Dilemma: Ethereum Staking Ecosystem Faces Centralization Risks In September 2022, Ethereum made the bold…

Will Bearish Momentum Push It Below $0.06?

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Dogecoin (DOGE) finds itself at a critical juncture. The $0.06 support level, a longstanding stronghold for buyers since early June, now faces increasing selling pressure that could potentially send DOGE sinking below this key level.  Support and resistance zones, like the $0.06 mark, are pivotal in assessing the direction of price movements in the crypto world, as they often dictate the market sentiment. In recent months, DOGE has weathered a bearish trend, but this vital support level has managed to hold firm and mitigate the extent of the downtrend. Nevertheless,…

Art gallery in Dubai to educate artists on NFTs, Web3

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The 37xDubai art gallery, which will be opened to the public later in October, aims to educate artists and art aficionados on nonfungible tokens (NFTs) and the broader Web3 ecosystem through workshops held in the gallery after its official launch.  Cointelegraph sat down with Danilo Carlucci, the founder of investment firm Morningstar Ventures and 37xDubai, which is based in the Dubai International Financial Centre (DIFC). Carlucci spoke about its goals with the new art gallery and why it is diving into NFTs and Web3 despite the conditions of current markets.…

Binance spot market share drops for 7th consecutive month: Report

Major global cryptocurrency exchange Binance has reportedly continued to lose its market share amid ongoing regulatory issues in the United States. Binance’s spot market share fell for a seventh consecutive month in September 2023, Bloomberg reported on Oct. 5, citing analysis from cryptocurrency data provider CCData According to the report, Binance’s spot market share dropped from 38.5% in August to 34.3% in September. In January 2023, Binance’s spot market share accounted for as much as 55.2%. Binance’s global spot market share percentage chart year-to-date. Source: Bloomberg Apart from the spot…

Ex-FTX founder Sam Bankman-Fried’s trial day 3: recap

Ex-FTX founder Sam Bankman-Fried’s criminal trial entered its third day on Oct. 5, with proceedings resuming at 10 a.m. in New York. During this session, the prosecutor continued to question the second witness, Adam Yedidia. Yedidia is a close college friend of Sam Bankman-Fried (SBF). They both went to MIT together, and he was employed by SBF at FTX. Yedidia also used to live with Bankman-Fried at his apartment in the Bahamas, along with Nishad Singh and Garry Wang.  Here are the latest live updates by innercitypress, from inside the…

OpenAI May Start Manufacturing AI Chips for Itself

There is a growing interest in generative AI space, which has inadvertently resulted in increased demand for Graphical Processing Units (GPUs). OpenAI, the company widely known for its artificial intelligence (AI) chatbot ChatGPT, is reportedly interested in manufacturing custom AI chips. According to a Reuters report, which cited inside sources, OpenAI may already have its eyes set on an unnamed company it intends to partner with, even as its chip-making ambitions go into full throttle. Although the reports are unconfirmed at the moment, it appears that the move is a…