Day: December 7, 2023

Google’s ‘GPT-4 killer’ Gemini is out, here’s how you can try it

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Tech giant Google has officially rolled out Gemini, its latest artificial intelligence model that it claims has surpassed OpenAI’s GPT-4. On Dec. 6, Google CEO Sundar Pichai and Google DeepMind CEO and co-founder Demis Hassabis announced the launch of Gemini in a company blog post The AI model has been optimized for different sizes and use cases (Ultra, Pro, Nano) and built to be multimodal to understand and combine different types of information. The model is also advanced in math and specialized coding, as compared to OpenAI’s GPT-4, which cannot…

Bitcoin Price Consolidates Rally and Primed To Surge Toward $45K

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Bitcoin price started a strong increase above the $42,000 zone. BTC is now consolidating gains and might rally further toward the $45,000 zone. Bitcoin gained pace above the $42,200 and $43,200 levels. The price is trading above $43,000 and the 100 hourly Simple moving average. There are two bullish trend lines forming with support near $43,900 and $42,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely setting up for a fresh increase above the $44,000 level. Bitcoin Price Remains Supported Bitcoin price…

House Committee passes bill to ‘preserve U.S. leadership’ in blockchain

A United States House Committee has unanimously passed a pro-blockchain bill, which would task the U.S. commerce secretary to promote blockchain deployment and thus potentially increase the country’s use of blockchain technology. On Dec. 5, the House Committee on Energy and Commerce voted 46-0 to pass H.R. 6572, the Deploying American Blockchains Act of 2023, in a session aiming to clear 44 pieces of legislation. The 13-page blockchain bill would direct Secretary of Commerce Gina Raimondo to “take actions necessary and appropriate to promote the competitiveness of the United States…

Solana Dominates Ethereum In Daily Active Wallets, SOL Back To $140?

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Solana (SOL), the fourth-generation blockchain, has staged a remarkable comeback, looking at on-chain metrics. Citing Artemis data, Step Data Insights on X noted that Solana’s daily active wallets flipped Ethereum’s, the pioneer smart contract platform. This development is when SOL prices have been ripping past resistance levels in the past few months. Solana’s Resurgence Continues, Daily Active Wallets Flips Ethereum According to Step Data Insights, Solana’s daily active wallets currently hover at around 400,000, slightly edging past Ethereum’s. This spike in activity suggests that Solana is attracting a growing user base,…

ARK Invest sells $33m in Coinbase shares, $5.9m in GBTC

Cathie Wood’s ARK Invest sold 237,572 Coinbase (COIN) shares for $33 million and 168,127 Grayscale Bitcoin Trust (GBTC) shares worth about $5.9 million. On Dec. 5, ARK Invest, led by Cathie Wood, sold $33 million in Coinbase (COIN) stock after the crypto exchange’s shares reached a 19-month peak in a move analysts connect to the recent uptick in Bitcoin (BTC) price. The sale involved a total of 237,572 COIN shares, distributed across three of ARK’s exchange-traded funds (ETFs): ARK Innovation (ARKK), ARK Next Generation Internet (ARKW), and ARK Fintech Innovation…

Terraform’s Do Kwon mounts last ditch effort to avoid extradition: Report

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Terraform Labs co-founder Do Kwon has launched his final attempt to appeal a Montenegrin court’s decision that could see him extradited from the country.  In a Dec. 6 report, local state media stated that lawyers for Kwon had officially appealed the Nov. 24 decision from the High Court of Podgorica, which approved that Kwon could be extradited to either the United States or South Korea pending a final decision by the Montenegrin Ministry of Justice. The Ministry of Justice will now consider the appeal and reexamine the initial extradition order…

UAE researchers launch blockchain carbon trading platform at COP28

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An Abu Dhabi government-affiliated research center has announced the launch of a new blockchain-powered carbon tracking and trading platform, amid efforts from the United Arab Emirates government to lower emissions toward net zero. The new blockchain was unveiled at the latest the United Nations Climate Change Conference (COP28) on Dec. 5, which will enable the international trade of carbon tokens linked to investments in green projects, such as forestation and carbon capture. The platform was built by Technology Innovation Institute’s (TII) Cryptographic Research Center, according to a Dec. 5 statement…

marking 10 years in the crypto world

Explore Dogecoin’s 10-year journey from a meme-inspired joke to a major cryptocurrency, hitting a 52-week high as it celebrates its anniversary. Initially a joke based on a popular internet meme, Dogecoin (DOGE) has surprisingly survived a decade in the competitive crypto market and is now celebrating its 10th anniversary. As Dogecoin marks its anniversary, the cryptocurrency community is experiencing renewed optimism. The coin’s value has risen over 14% in the past 24 hours, reaching a 52-week peak of $0.10 as of Dec. 6. DOGE 52-week chart | Source: CoinMarketCap This…

Bitcoin Poised For December Surge As Historical Patterns Suggest Strong Upside Ahead

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As the eagerly awaited Bitcoin (BTC) exchange-traded fund (ETF) verdict approaches, excitement and anticipation continue to grow in the cryptocurrency market.  According to a report by K33 Research, the upcoming decision, expected between January 8 and January 10, has been a significant factor behind Bitcoin’s positive momentum since October. Institutional demand remains robust, with traditional investors strongly interested in adding long BTC exposure.  Bitcoin Set For Bullish December?  Bitcoin has displayed a notable tendency to surge higher in the lead-up to major events, creating a sense of enthusiasm and driving…