Ramaswamy vowed to reduce the agency’s workforce as part of his goal to eliminate 75% of bureaucratic jobs, noting that the third U.S. president, Thomas Jefferson, who died nearly 200 years ago, would be “turning in his grave” over the agency’s actions toward crypto, a technology that was invented roughly 15 years ago. Source
Day: December 12, 2023
Solana rising as network activity spikes, BTCMTX presale gains momentum
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana’s native SOL token has seen an 8% jump from yesterday’s low, taking price back above the $70 level. This comes amid rising network activity and transactions on the blockchain, helping push Solana’s market cap back above $30.5 billion. Meanwhile, the new altcoin Bitcoin Minetrix (BTCMTX) continues to gain ground in its viral presale phase, with many experts speculating it could pump after listing on mainstream exchanges. Solana rebounds…
The Unspoken Mismatch of Web3 and Generative AI
If you follow the generative AI space, you probably have come across projects such as AutoGPT, BabyAGI, or the just-announced OpenAI GPTs, which are based on semi-autonomous agent capabilities. The simplest version of semi-autonomous agents is intelligent models that can reason through abstract tasks, formulate, and execute plans in a given environment. Source
Polygon to Offer Data Solution Celestia as Option for New Layer-2 Developers
Ethereum has its own roadmap for handling data, including an initial step known as “proto-danksharding,” but developers of the blockchain have been slow to realize the plan, and in the meantime several independent networks like Celestia, EigenLayer’s EigenDA, Avail and even the rival layer-1 blockchain NEAR have sprung up to provide their own data-availability solutions. Source
‘Not the right people to lead’
Dean Phillips, a member of the United States House of Representatives running against Joe Biden for the Democratic nomination in the 2024 presidential election, said there are currently “very few” people in Congress who understand digital assets. Speaking at the Crypto Presidential Forum in New Hampshire on Dec. 11, Phillips said he didn’t “know it all” about financial technology and cryptocurrency but criticized U.S. President Joe Biden and former President Donald Trump for their positions. The U.S. lawmaker was the third presidential candidate to address the New Hampshire crowd after…
A Week’s Surge Crumbles in a Blink of 20 Minutes
After hitting $43,000 last week, Bitcoin traded just below it over the weekend. But the price of the cryptocurrency dropped significantly on Tuesday, reaching $41,800. Following Bitcoin’s December surge, investors chose to take profits, which led to this fall. There was a significant decline the night before, with Bitcoin momentarily falling as low as $40,300. Due to the decline, the top cryptocurrency in the world had almost a week’s worth of gains erased in only 20 minutes on Sunday night. According to statistics from TradingView, Bitcoin saw a dramatic 7%…
Binance Peer-to-Peer Trading Platform Halts Ruble Support Following Russia Exit
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StakingRewards Releases Guide to ORBS Staking Ecosystem
The newly launched ORBS guide on StakingRewards provides token holders access to robust analytics for optimizing staking strategies. The customizable dashboards offer at-a-glance visibility into key metrics. StakingRewards, a leading staking information platform, has published a comprehensive guide catering specifically to ORBS token holders interested in staking on the Orbs blockchain network. The newly released guide offers useful metrics, comparisons, and tutorials to inform and assist those who are staking on the platform. Orbs is an open, decentralized public blockchain designed to facilitate scalability and security for decentralized apps through…
Binance Announces Resolution with US Agencies, Shares Compliance Improvement
Binance says it has agreed to a robust monitorship for its compliance and sanctions control programs. Popular crypto exchange Binance has revealed that it has made significant progress with regulators. This follows after its recent run-in with regulatory bodies such as the US Securities and Exchange Commission (SEC) and the (CFTC). In a Tuesday blog post, the exchange acknowledged that it may have done things a bit wrongly in the past. That is, it may have not considered how quickly it was growing as a firm, to update its compliance…
Cardano 50% Rally Sets Stage For A Merry Christmas
Cardano saw a sharp increase in market value, shooting up to a high of $0.61 today, to the delight of traders and investors, in light of the cryptocurrency’s past price fluctuations. People in the trading community are talking more about possible catalysts and causes that have contributed to Cardano’s recent market dynamics because of how unexpected its ascension is. Although there was early jubilation following Cardano’s recent jump to $0.65, it turned out to be fleeting. ADA quickly experienced a reversal, reflecting a more extensive and unanticipated decline in the…