Day: December 11, 2023

Court of Appeal ruling on immigration exemption brings ‘greater empathy’ – Commissioner

The Court of Appeal has ruled that the government must make changes to the immigration exemption in the Data Protection Act 2018 to make it clearer. The ruling, which comes following a case brought by the3million and the Open Rights Group, requires the government to set out safeguards, particularly around how people in a potentially vulnerable position within the immigration system are able to access the information held about them. The Information Commissioner was an interested party in the claim. We raised concerns that previous actions from the government, including…

Binance Introduces Fusionist (ACE) as 40th Project Released on Launchpool

Binance has announced a new project on its Launchpool called Fusionist (ACE), the native token for the Endurance blockchain. Major crypto exchange Binance has introduced a new project on the Binance Launchpool – Fusionist (ACE). According to an official announcement, the ACE token is the native token of decentralized social blockchain Endurance. The blockchain will house Fusionist, a web3 AAA game. Binance’s announcement specifies that the total token supply is 147 million ACE. The Launchpool will have an initial circulating supply of 21,969,520 ACE, about 14.95% of the total token supply.…

Crypto Analyst Predicts Short-Term XRP Price Rally To $18

A crypto analyst has provided some optimism regarding the XRP price as many contemplate whether or not to continue to hold on to their XRP tokens. This comes as the crypto token’s underperformance has been a cause of concern to holders, with talks about a potential manipulation resounding through the community. XRP Price To Hit $18 In The Short-Term In a post on his X (formerly Twitter) platform, crypto analyst Dark Defender shared an interesting analysis where he noted that XRP could hit $18 soon enough. To back up his…

Immutable expands Web3 gaming payment options with Transak integration

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Web3 gaming firm Immutable is set to integrate Transak as the sole payment service provider for its Immutable zero-knowledge Ethereum Virtual Machine (zkEVM). The service is set to directly power fiat and Web3-based payments in gaming environments. Transak’s service will be integrated into Immutable Checkout and Immutable Passport. The former acts as Immutable’s all-in-one transaction infrastructure for games and provides a configurable interface for game developers to integrate various payment options. Transak’s on-ramp, off-ramp and nonfungible token (NFT) payment service allows fiat payments through credit and debit cards, as well…

UK asset manager M&G invests $20M in Bitcoin derivatives exchange

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The investment arm of UK-based pension fund M&G has invested $20 million in the country’s first regulated Bitcoin (BTC) derivatives exchange, Global Futures & Options Holdings (GFO-X). An announcement from M&G and GFO-X outlined the details of the investment, which forms part of a $30 million Series B funding round for the derivatives exchange. The platform will initially offer clearing of Bitcoin index futures and options contracts. The move provides a platform for traditional finance institutions to gain exposure to a variety of cryptocurrency derivatives investment products. GFO-X is set…

ChatGPT passes neurology exam for first time

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OpenAI’s latest update of its large language model (LLM), ChatGPT 4.0, has passed a clinical neurology exam with 85% correct answers in a proof-of-concept study. The research authors believe that after some fine-tuning, LLMs could have “significant applications” in clinical neurology.  The results of the experiment, conducted by a group of researchers from the University Hospital Heidelberg and the German Cancer Research Center in Heidelberg, were published on Dec. 7. The test, performed on May 31, featured two LLMs, ChatGPT 3.5 and its later version, ChatGPT 4.0. The researchers used…

US Fed 2024 rate cut could prove perfect catalyst for BTC halving

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Goldman Sachs, the second-largest investment bank in the world, has predicted that the United States Federal Reserve could cut interest rates twice in the next two years, starting as early as the third quarter of 2024.  Interest rates have a strong correlation to investors’ risk appetite. Goldman Sachs predicted the first Fed rate cut by December 2024, but this forecast has been brought forward to Q3 of 2024 due to cooling inflation, Reuters reported on Dec. 11. The lender expects the two Fed cuts to bring interest rates to 4.875% by…

Solana Price Drops Under $70, Watch Out These Key Support Levels for SOL

Solana’s network activity has surged significantly and the current drop in the SOL price could be short-lived leading to a trend reversal soon. Amid strong sell-off in the broader cryptocurrency market, Ethereum Layer-1 competitor Solana is also facing some selling pressure. In the last 24 hours, the Solana (SOL) price has tanked by over 3% slipping under $70. SOL is trading nearly 10% down from its 2023 peak attained last week, however, it still maintains 13% gains on the weekly charts. Solana price continues to maintain its position above $66.…

Bitcoin Slips to $42K From Last Week’s Yearly High

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Bitcoin, the world’s largest cryptocurrency by market value, lost ground on Monday after reaching yearly highs last week. Bitcoin fell 3% in the last 24 hours to trade around $42,400 after hitting $45,000 last week. There are a number of factors for the drop in price, with some analysts attributing it to macroeconomic fundamentals. Friday’s economic data from the U.S. came in strong, with better-than-expected nonfarm payrolls and lower employment. The dollar rallied and bitcoin dropped slightly immediately after. The pullback could also stem from investors taking profits after last…