Day: December 5, 2023

Salus Advances Web3 Security with Deep Learning in New Research

Salus’s research extends beyond smart contracts, proposing that the Lightning Cat technology can be applied to identify weaknesses in other types of code throughout the entire blockchain stack. Salus, a leading Web3 security company, has accomplished a big milestone with the publication of its research in ‘Scientific Reports’, a sub-journal of the esteemed ‘Nature.’ The research paper “Deep learning-based solution for smart contract vulnerabilities detection” explores the potential of deep learning in identifying vulnerabilities in smart contracts. Deep Learning for Smart Contract Security Web3, often referred to as the decentralized…

BlackRock Receives $100K in Seed Funding Round

While the SEC has yet to greenlight any spot ETF applications, the new filings lend further credence to the likelihood of a spot Bitcoin ETF approval soon. Investment manager BlackRock has revised its application for a spot Bitcoin ETF approval with the US Securities and Exchange Commission (SEC). The revision comes on the heels of rumors that investment companies seeking Spot ETF approval would update their S-1 filings in response to SEC comments The new BlackRock filing reveals the company has received seed funding of $100,000 for its proposed Bitcoin…

Bitcoin Price Moving Past $42,000 Could Be Start of Mega Bull Run

As Bitcoin price has rallied past $42,000, the surge in BTC perpetual futures open interest suggests further price rally going ahead. On Monday, December 4, the world’s largest cryptocurrency Bitcoin (BTC) delivered a bullish rally shooting past $42,000. The recent bullishness around Bitcoin revolves around the expectations of a Bitcoin ETF approval in early January 2024. Bitcoin surging past $42,000 is viewed as the beginning of a new crypto supercycle, with enthusiasts predicting it could surpass $500,000. The digital assets community is brimming with optimism as Bitcoin records its third…

Hashdex Unveils Crypto Investment Forecast for 2024

This integration with established financial institutions is expected to provide substantial support for the crypto sector. Hashdex, a leading global crypto-focused investing company, has unveiled its much-anticipated “2024 Crypto Investment Outlook – Opportunity meets Optimism”. The forecast delves into the expectations for the upcoming year and beyond, providing insights from Hashdex’s leadership and digital asset experts. Marcelo Sampaio, Co-Founder and CEO of Hashdex expresses optimism about the prospects of the crypto industry, emphasizing the sector’s resurgence after a period of skepticism. Key Themes Shaping Crypto Investments in 2024 Hashdex’s research…

CryptoQuant CEO reveals how whales prepare for market fluctuations

CryptoQuant CEO Ki Yong Ju notes that whales carefully prepared for the growth of the crypto market at the end of 2023. He shared his observations about what steps large investors take in a thread shared on X. According to Ju, whales recently opened the bulk of long positions when Bitcoin (BTC) reached $29,000. The accumulation phase, according to his observations, started in early Aug. 2023. At the same time, many whales began to enter the market when BTC reached a cyclical low against the backdrop of the collapse of…

Singapore releases national AI strategy 2.0, plans for 15,000 AI experts

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The Singaporean government released its updated national strategy for artificial intelligence (AI) 2.0 on Dec. 4, in which it outlined how it plans to embrace innovation and tackle the challenges coupled with the technology.  Singapore structured its AI strategy into three distinct systems, consisting of ten “enablers,” which drive those systems and then 15 action steps to make the system work. It’s first AI strategy was introduced in 2019. The updated plan’s systematic approach focuses on three main areas of its society, including what it calls “activity drivers,” “people and…

Coinbase Stand with Crypto Campaign Unveils First Presidential Forum

Stand With Crypto disclosed on its website that the event would feature the presence of Republican candidate Asa Hutchinson, currently serving as the 46th governor of Arkansas.  The “Stand With Crypto” campaign, introduced last year by the cryptocurrency exchange Coinbase, is set to host its first presidential forum with 2024 presidential aspirants to discuss digital assets and blockchain-related issues. In an announcement on X, formerly Twitter, the crypto advocacy group said the free-to-attend event will be held in New Hampshire on Monday, December 11. We are excited to announce the…

GTA VI Trailer Unveils New Female Protagonist and Sparks Crypto Surge

An unexpected release forced Rockstar Games to publish its GTA VI trailer a day earlier. Gaming tokens in the crypto space celebrated the development. Rockstar Games, the powerhouse behind the Grand Theft Auto franchise, dropped the much-anticipated trailer for Grand Theft Auto VI (GTA VI) a day earlier than planned, sending shockwaves through both the gaming and crypto communities. The gaming world is buzzing with excitement as Rockstar Games introduces Lucia, the first female protagonist in the Grand Theft Auto series. The teaser trailer released today is more of a…

Societe Generale issues its first green bond on Ethereum

The third-largest bank in France, Societe Generale, reported issuing its first digital green bond as a Security Token on the Ethereum public blockchain. The bond, registered by Forge, a subsidiary of Société Générale, went public on Nov. 30.  The bond has a value of 10 million euros (around $11 million) and a maturity of three years. Its “green” status means that the net proceeds of this bond will be used to finance or refinance products and companies classified under the Eligible Green Activities (ESG) category. Related: Tether’s ‘new era for…

MicroStrategy’s Bitcoin Investment Surpasses $2 Billion in Profit

Microstrategy has now realised more than $2 billion in profits directly from its repeated investments in Bitcoin. Business intelligence company MicroStrategy Inc (NASDAQ: MSTR) has seen a staggering surge in gains, amassing over $2 billion in profit from its substantial Bitcoin (BTC) holdings. This comes following the cryptocurrency’s recent surge above $42,000. MicroStrategy started its Bitcoin investment journey in August 2020. Since then, the company has continuously increased its Bitcoin holdings, with the most recent acquisition of 16,130 BTC in November. As of November 30, MicroStrategy had an impressive 174,530 Bitcoins, acquired at…