Day: December 6, 2023

Bonk vs Dogecoin and Shiba Inu

While DOGE and SHIB experienced notable gains of 16% and 10%, respectively, in the past 24 hours, Bonk outshone its counterparts with a surge exceeding 70%. In recent developments in the crypto market, the resurgence of dog-themed tokens has taken center stage, with Bonk (BONK) emerging as a formidable contender against the more established players like Dogecoin (DOGE) and Shiba Inu (SHIB). The recent resurgence in interest in these tokens has seen substantial gains for holders, particularly in the case of BONK, which has experienced a remarkable 1,000% surge in…

Crypto Analyst Predicts Dogecoin Price Pump Of Epic Proportions To $0.7, Here’s When

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A crypto analyst has shared his projections on the future trajectory of the foremost meme coin, Dogecoin (DOGE). He also hinted as to when DOGE would experience this tremendous rally that would make it rise to $0.7. When DOGE Will Hit $0.7 In a post shared on his X (formerly Twitter) platform, crypto analyst Captain Faibik stated that an “epic pump” is not far for Dogecoin. From the accompanying chart he shared, this projected rally would see the meme coin rise to $0.7. This move, which will see DOGE gain…

Crypto Lending Firm Ledn Offers Low-Risk Custodied Loans

“The collateral must be held in custody, and that will always be a qualified custodian, whether that is with BitGo, or one of our banking or credit fund partners,” said Ledn co-founder Mauricio Di Bartolomeo in an interview. “This is the first time this type of loan, which is done through a centralized entity that can offer 24 hour disbursements, is being offered outside the U.S. to international customers.” Source

21Shares COO Lucy Reynolds Has Exited the Firm

“She has played a pivotal role in the evolution of our company and we are grateful for her contributions,” said a spokesperson for 21Shares in an email to CoinDesk. “This mutual decision has been in the works for over 6 months, and we have been collaborating together on the transition plan.” Source

Lawmakers’ fear and doubt drives proposed crypto regulations in US – Cointelegraph Magazine

Real bipartisan legislative efforts are rare in Washington, DC, these days, but Democratic Senators Elizabeth Warren and Joe Manchin and Republican Senators Lindsey Graham and Roger Marshall have managed to come together to co-sponsor a bill focused on crypto crime.  According to the senators, the Digital Asset Anti-Money Laundering Act of 2023 aims to close loopholes in the nation’s Anti-Money Laundering rules. The bill would amend the Bank Secrecy Act and would designate a diverse range of digital asset providers as financial institutions.  The Bank Secrecy Act establishes program, recordkeeping…

Artists aim to thwart AI with data-poisoning software and legal action

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As the use of artificial intelligence (AI) has permeated the creative media space — especially art and design — the definition of intellectual property (IP) seems to be evolving in real time as it becomes increasingly difficult to understand what constitutes plagiarism. Over the past year, AI-driven art platforms have pushed the limits of IP rights by utilizing extensive data sets for training, often without the explicit permission of the artists who crafted the original works. For instance, platforms like OpenAI’s DALL-E and Midjourney’s service offer subscription models, indirectly monetizing…

Coinbase Introduces New Features For Global Remittances

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Coinbase, an American-based cryptocurrency exchange, has revealed its latest wallet features for transferring money internationally without going through the traditional hurdles. Significance Of Coinbase New Transfer Features On Tuesday, Coinbase announced its latest feature for its wallet to simplify and hasten global money transfers. The new feature is presented as a user-friendly procedure. According to the crypto firm, the new initiative is described as “Send money with a link.” Within the Coinbase Wallet, users can generate a link to distribute via their favorite social media platforms. However, the exchange noted…

Worldcoin Foundation Announces $5 Million Community Grants Program Called ‘Wave0’

Remco Bloemen, the head of protocol at the Worldcoin Foundation, told CoinDesk in an interview that the grants are not just aimed at developers, but that “there’s a larger community effort here to be made, which is also like raising awareness, educating people of the importance” of the work the technology tries to solve, in terms of “income inequality, governance and other existential risks.” Source

Traders Are Turning to Ether (ETH): First Mover Americas

Key derivatives market metrics show sophisticated traders are turning their attention to ether (ETH) from the recent market standout, bitcoin (BTC), hinting at a potential outperformance of Ethereum’s native token in the coming weeks. Bitcoin has rallied over 60% this quarter, while ether, the supposedly deflationary currency with bond-like appeal and an ESG-compliant label, has lagged big time, gaining just 35%, CoinDesk data show. The performance gap is even wider over larger time frames, with bitcoin boasting a 163% year-to-date gain versus ether’s 89%. Source