Day: November 20, 2023

Bitcoin (BTC) Price and BNB Coin (BNB) Price Rally on Binance Settlement News

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ChatGPT Forecasts $1,000 In 2024

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AI Chatbot ChatGPT from OpenAI has forecasted a tremendous price movement for the Solana (SOL) cryptocurrency, indicating an 8x price surge for the token from its current price level. Solana To Hit $1,000 By 2024 ChatGPT believes Solana is well positioned for a bullish run, expecting to be at the $1,000 mark by 2024. The bot’s prediction results from positive market developments and the broad use of the cryptocurrency’s blockchain. The bot has also been seen predicting that the price of SOL could reach $1,000 by the end of 2024.…

Ethereum-Based Decentralized Exchange dYdX Suffers $9,000,000 Loss in an Alleged ‘Market Manipulation Attempt’

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An Ethereum-based (ETH) decentralized exchange (DEX) has suffered millions of dollars in losses after an alleged market manipulation attempt by a rogue user. In a new thread on the social media platform X, the DEX protocol dYdX says that $9 million from its insurance fund was used to fill gaps in liquidations processed in the recent yearn.finance (YFI) correction but notes that no customer funds were affected. “Last night about $9 million from the dYdX v3 insurance fund was used to fill gaps on liquidations processed in the YFI market.…

What Bitcoiners Are Getting Wrong

Don’t get me wrong, I’m glad Javier Milei won, and if I were Argentinian, I would have voted for him (only reluctantly, with deep sadness, and because the “continuity” opponent Sergio Massa would have been even worse). Profound change is needed in Argentina, and I am eager to see the results of the radical economic experimentation Milei – an outspoken, libertarian economist – has been promising. Source

Binance in Talks to Pay More Than $4B to End U.S. Criminal Case vs Crypto Exchange: Bloomberg

CryptoX – Cryptocurrency Analysis and News Portal Binance Holding Ltd. would be asked to pay $4 billion to settle U.S. Department of Justice accusations of multiple criminal violations, according to a report from Bloomberg News on negotiations between the DOJ and the company, which are also leaving open the possibility that its founder Changpeng “CZ” Zhao would also face U.S. criminal charges. Source The post Binance in Talks to Pay More Than $4B to End U.S. Criminal Case vs Crypto Exchange: Bloomberg appeared first on CryptoX. CryptoX Portal

Scientists develop AI monitoring agent to detect and stop harmful outputs

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A team of researchers from artificial intelligence (AI) firm AutoGPT, Northeastern University and Microsoft Research have developed a tool that monitors large language models (LLMs) for potentially harmful outputs and prevents them from executing.  The agent is described in a preprint research paper titled “Testing Language Model Agents Safely in the Wild.” According to the research, the agent is flexible enough to monitor existing LLMs and can stop harmful outputs, such as code attacks, before they happen. Per the research: “Agent actions are audited by a context-sensitive monitor that enforces…

ARK Invest discloses 80 bps fee in spot Bitcoin ETF filing

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Experts say Cathie Wood’s company is the first issuer to publicly disclose basis points (bps) fees for its Bitcoin ETF, signaling constructive talks with the U.S. Securities and Exchange Commission (SEC). ARK Invest and 21Shares filed an update to their joint form S-1 application with the SEC for a spot Bitcoin (BTC) ETF amid industry-wide anticipation that America’s premier securities watchdog would approve such products in the coming weeks or months. The amended ARK 21Shares Bitcoin ETF under the ticker ARKB included the fund’s bps fee stated as 80 bps,…

Shiba Inu Burn Rate Crashes 98.79% With Less Than 1 Million tokens Burned

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The majority of cryptocurrencies have started to turn green in terms of their price movement, which has led to Shiba Inu seeing gains of 2% over the past 24 hours. In spite of the modest increase in price, the SHIB burn rate seems to have taken a massive nosedive.  According to the official SHIB burn tracker, Shibbburn, only 983,884 SHIB tokens were burned in the last 24 hours, representing a decline of over 99% from the previous day. A significant reduction of this kind in the burn rate is guaranteed…

DOJ Investigation Leads Tether to Freeze $225M Associated with Human Trafficking Ring

Besides freezing assets, Tether follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. Tether, the USDT issuer, has announced the freezing of 225 million in USDT tokens. Globally, USDT has a market cap of $87.7 billion. It also offers dollar exposure to individuals who cannot access the dollar in their own market.  According to Tether, it traced the frozen funds to an international human trafficking ring in Southeast Asia. This move followed a collaboration with OKX and the Department of Justice (DOJ). The investigation took months and involved…