Day: October 25, 2023

Bitget Announces To Be One of the First Exchanges To List Tottenham Hotspur Fan Token (SPURS)

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October 25, 2023 – Victoria, Seychelles Bitget – a leading cryptocurrency exchange and copy trading platform – is thrilled to announce the platform is one of the first centralized exchanges to list the Tottenham Hotspur Fan Token (SPURS) in the Innovation Zone and Fan Token Zone. The SPURS token is the official fan token of Tottenham Hotspur football club – England-based Premier League football club. Developed in collaboration with Chiliz, the token has received official authorization and offers fans a unique opportunity to engage with their favorite football club in…

Will Ethereum Rally Continue? These Could Be The Factors To Watch

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The data of two on-chain indicators may be referred to for finding out whether the latest Ethereum rally can go on or not. Ethereum Has Enjoyed A Sharp Rally Of More Than 12% In The Past Week Like the rest of the cryptocurrency market, Ethereum has observed a rally during the past few days. Although the coin’s bullish momentum hasn’t been quite as strong as Bitcoin’s, its weekly gains of 12% are still nonetheless significant. Yesterday, the asset had been carrying even higher profits, as its price had touched above…

Researchers in China developed a hallucination correction engine for AI models

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A team of scientists from the University of Science and Technology of China and Tencent’s YouTu Lab have developed a tool to combat “hallucination” by artificial intelligence (AI) models.  Hallucination is the tendency for an AI model to generate outputs with a high level of confidence that don’t appear based on information present in its training data. This problem permeates large language model (LLM) research, and its effects can be seen in models such as OpenAI’s ChatGPT and Anthropic’s Claude. The USTC/Tencent team developed a tool called “Woodpecker” that they…

BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

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Bitcoin (BTC) easily soared above the $31,000 to $32,400 resistance zone on Oct. 23, which came as a suprise to many market participants. Usually, the price tends to consolidate or hesitate near stiff overhead resistance levels but that was not the case this time around. Market participants are bullish as they anticipate a Bitcoin spot exchange-traded fund to receive approval sooner rather than later. Bloomberg ETF analyst Eric Balchunas said in a post on X (formerly Twitter) on Oct. 23 that the listing of BlackRock’s spot Bitcoin ETF on the…

Citi analysis shows 60/40 portfolio could’ve been helped with bitcoin

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If you held some bitcoin in your 60/40 portfolio back in 2014, you might have gotten a nice lift from the then-shadowy cryptocurrency, according to a Citi analysis of bitcoin returns. Based on a 1-year rolling analysis dating back to 2014, Citi found that a U.S. portfolio that’s split 60% toward stocks and 40% in bonds would see a return of 6.95%. That return rose to 7.42% when analysts added a 1% allocation toward bitcoin. When committing 5% of the portfolio to the flagship cryptocurrency, that return rose to 9.3%,…

New ETF Speculation and Innovations, Including Taproot Assets, Redefine Its Landscape

BITCOIN BLOSSOMS: It’s not just bitcoin’s price that’s suddenly exploding – thanks to speculation that U.S. regulators might approve new exchange-traded funds or ETFs allowing traditional investors to ape in. There’s also an upsurge in new products and technologies claiming to enhance the oldest and largest blockchain. Just two weeks ago, The Protocol covered the details of Robin Linus’s research paper on “BitVM,” proposing a way of incorporating smart contracts onto Bitcoin. The development offered yet another manifestation of Bitcoin getting Ethereum-style features that many members of the community had…

Hashdex engages in dialog with SEC over Bitcoin DeFi ETF filing

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According to an Oct. 24 memorandum, digital asset management firm Hashdex has had a discussion with the SEC about their ETF filing that would purchase physical Bitcoin. In a follow-up post on X, Nate Geraci, the co-founder of the The ETF Institute and host of the ETF Prime Podcast, shares the importance of this ongoing dialogue and why it is interesting for the community. Looking back to 2022 The memorandum, which included a presentation from Hashdex, shares that the CME market has sufficiently developed to support its new product, quoting the…

Bitcoin ETF Will Send BTC Back To $44,000, This Firm Bets On It

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The price of BTC continues to push higher, and the bullish momentum remains intact as news around the Bitcoin ETF (Exchange Traded Fund) improves overall sentiment. In the wake of the recent rally, some trading firms doubled down on their bullish positions. As of this writing, the price of Bitcoin stands at $24,200 with sideways movement in the last 24 hours. The cryptocurrency rose by over 20% the previous week, operating as the top performer in the top 10 by market capitalization. BTC’s price trends to the upside on the…

Polygon launches POL token contract on Ethereum to eventually replace MATIC

Polygon Labs has launched the Ethereum contract for the new Polygon token, POL, according to an October 25 announcement. The new token is intended to replace the ecosystem’s current token, MATIC. However, the team said users presently don’t need to exchange their MATIC for POL. The POL token upgrade is now live on Ethereum mainnet. Polygon 2.0, released this summer, is a roadmap for scaling Ethereum to build the Value Layer of the Internet. POL unlocks that future. POL is a next-generation token that can power a vast ecosystem of…