Day: December 6, 2023

Execs weigh in on blockchain gaming future

As Web3 gaming showed resilience despite the crypto bear market, professionals working in the space predict that the next year will be more eventful for the blockchain gaming niche.  Henry Chang, the CEO of the South Korean game development company Wemade, believes that there will be an increase in blockchain-based games released in 2024. Chang told Cointelegraph in a statement that there will be more complex applications of Web3 within games. Chang said: “As developers gain experience and confidence, we should also see greater experimentation and sophisticated use of blockchain…

IBM Unveils Offline Crypto Storage for Institutional Investors Seeking Top-Notch On-chain Security

The IBM Hyper Protect Offline Signing Orchestrator has been tapped by Ripple Labs-backed Metaco to provide secure crypto storage. International Business Machines Corporation (NYSE: IBM), a leading software and consulting information technology company with much focus on cloud computing, has been working on its way to the web3 space through its vast infrastructure. Notably, IBM unveiled the Hyper Protect Offline Signing Orchestrator that allows crypto investors to transfer assets from their cold storage wallet seamlessly with utmost security. In a recent demonstration video, IBM showed how Bitcoin sender can automate…

Animoca’s Yat Siu bullish on TON partnership as Bitcoin sets strong foundation for 2024

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Animoca Brands co-founder Yat Siu is confident that a number of investments and partnerships could prove fruitful in 2024 as mainstream institutional interest in Bitcoin (BTC) gathers steam. Speaking exclusively to Cointelegraph at the Next Block Expo event in Berlin, the chairman of the gaming venture capital firm highlights some 70 investments made in 2023 that are expected to deliver results next year. Related: Animoca eyes SportFi ecosystem, becomes Chiliz Chain validator Chief among these is a high-profile partnership with The Open Network (TON) blockchain, which was announced on Nov.…

ChatGPT tops Wikipedia’s most-viewed articles of 2023 list

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ChatGPT from OpenAI became the most-viewed English article on Wikipedia in 2023, amassing an impressive 49.5 million page views and showcasing the increasing impact of artificial intelligence (AI) technology on the public’s interest. The Wikimedia Foundation disclosed that, in 2023, English Wikipedia pages received more than 84 billion page views. ChatGPT outperformed topics like “Deaths in 2023” and sports content, such as the “2023 Cricket World Cup” and the “Indian Premier League.” Launched in November 2022, ChatGPT rapidly grew its user base to exceed 100 million in its first year.…

UK Information Commissioner warns against 2024 becoming the year people lose trust in AI

People’s concerns starting to outstrip excitement Tech developers must embed privacy from the very start to maintain trust  UK Information Commissioner, John Edwards, will today warn that 2024 could be the year people lose trust in AI – and call on tech developers to embed privacy into their products from the very start. Referring to research which shows people are growing ever more nervous of AI, Mr Edwards will set out the steps the ICO has taken to support businesses using the smart technology and make it clear that there…

Cathie Wood’s ARK dumps 237K Coinbase shares at $140 per stock

ARK Invest, one of the firms hoping to launch a spot Bitcoin exchange-traded fund (ETF) next year, is continuing to rake in the profits made from its large stash of Coinbase (COIN) stock. On Dec. 5, ARK dumped as many as 237,572 Coinbase shares from its three funds, according to a trade notification seen by Cointelegraph. The sale came on the day the Coinbase stock closed at $140 per share, netting at least $33 million. The trading firm offloaded 201,711 Coinbase shares from the ARK Innovation ETF (ARKK) alone, with…

IBM and Meta Unveil AI Alliance for Open-Source Development

IBM disclosed that the Alliance will support projects addressing benchmarks, evaluation standards, and the deployment of resources essential for the ethical use of AI systems on a global scale.  International Business Machines (IBM), one of the leading technology companies in the world, and Facebook’s parent firm Meta Platforms Inc (NASDAQ: META) have announced the launch of the AI Alliance to promote the development of open-source, responsible, and safe artificial intelligence (AI) tools. The AI Alliance seeks to democratize the closed system for large language models (LLMs) defended by tech giants…

SEC Delays Decision on Grayscale Spot Ethereum ETF, ETH Price Remains Stable

The US SEC has delayed its decision on converting Grayscale’s ETHE product to a spot Ethereum ETF by another 45 days with the next hearing on January 25, 2024. The Securities and Exchange Commission (SEC) has announced a postponement in the decision-making process regarding the approval or disapproval of the Grayscale Ethereum Trust’s spot exchange-traded fund (ETF). In a filing on Tuesday, December 5, the SEC revealed an extension of the timeline for a decision on the proposed ETF by an additional 45 days, shifting the deadline to January 25.…

Bloomberg Experts Forecast Timeline For Ethereum ETF Approval

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The journey towards the approval of an Ethereum ETF in the United States has seen a new development yesterday as the US Securities and Exchange Commission (SEC) has announced a delay in the decision for Grayscale’s Ethereum trust conversion into a spot Exchange Traded Fund (ETF). The SEC has stated the need for an extended period to evaluate the proposed rule change, pushing the new deadline Grayscale to January 25, 2024. In its reasoning, the SEC has reiterated, “The commission finds it appropriate to designate a longer period within which…

After Bitcoin Halving BTC Will Be More Scarce than Gold for First Time Ever, Brian Kelly Says

The rise in Bitcoin price and the reduction in production quantity may offer Bitcoin some bullishness but also make it scarcer than gold. The chief executive officer (CEO) of digital currency investment firm BKCM LLC Brian Kelly says that Bitcoin (BTC) will be more scarce than gold after the halving. Speaking to CNBC’s Fast Money, Kelly discussed the event expected in April this year, talking about the asset’s scarcity. Bitcoin Scarcity to Rival Gold’s In his explanation, Kelly said historical data shows that Bitcoin performs best in the 12-16 months after a…