The firm has sold over $150 million worth of stake in COIN since Dec. 5. Source
ARK Sells $42.6M Coinbase Shares as COIN Hits 20-Month High
Day: December 14, 2023
Opensource AI can outperform private models like Chat-GPT
While generative artificial intelligence (AI) models backed by centralized cloud infrastructure — such as ChatGPT — currently lead on overall performance, new research shows that open-source competitors are catching up. The current market leaders of generative AI, such as Google and OpenAI, took a centralized approach to building their infrastructure — effectively limiting public access to various information, including the data sources used for the training model. This could change, the research team at Cathy Wood’s ARK Invest claims, suggesting the possibility of open-source AI models outperforming their centralized counterparts…
JPMorgan Says Ethereum Will Rise Above Bitcoin In 2024
JPMorgan analysts, while maintaining an overall cautious stance on the cryptocurrency market, foresee Ethereum (ETH) surpassing Bitcoin (BTC) and other digital currencies in market price performance by 2024. This bullish outlook for Ethereum reflects a distinctive perspective within the institution, suggesting that the analysts see unique potential and favorable prospects for Ethereum relative to other digital assets, even amid an overall cautious sentiment towards the broader crypto landscape. In a published note on Wednesday, a team of analysts headed by Nikolaos Panigirtzoglou conveyed their expectation that Ethereum (ETH) will reclaim…
Cardano’s ADA Jumps 17% as Value Locked on Cardano DeFi Ecosystem Reaches $450M
The total value locked (TVL) of all Cardano-based projects jumped to over $440 million late earlier this week, crossing a previous peak of $330 million set in April. Most growth seemingly occurred over the past week, with lending protocol Indigo and on-chain exchange Minswap seeing their TVL surge by over 50% to nearly $100 million each. Source
Blockchain media authentication app eyes news journalism as primary use-case
Decentralized infrastructure network provider Nodle has released the first version of its blockchain-based media authentication application called Click, which could prove useful in combatting artificially generated media and fake news. As previously reported by Cointelegraph, Nodle has developed a software development kit (SDK) for its ContentSign solution, which cryptographically proves the integrity of data captured by mobile devices using blockchain technology. The Click application supports the Coalition for Content Provenance and Authenticity (C2PA) and is a member of the Content Authenticity Initiative (CAI). The latter is a project led by…
Bitcoin and Solana holders considering this crypto project
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin (BTC) and Solana (SOL) have long reigned supreme in crypto, drawing in investors with their technology and market presence. Meanwhile, a new player, BorroeFinance (ROE), is being monitored by BTC and SOL bulls looking to diversify their portfolios. Why Borroe Finance? Borroe Finance is an AI-driven decentralized finance (defi) platform addressing fundamental challenges in financial technology. While Bitcoin has been the gold standard and Solana has impressed with its…
Ethereum’s Vitalik Buterin Wants to Transfer Some Layer-2 Functions Back to L1 via Enshrined zkEVM
Buterin believes the enshrined zkEVM method, which returnes functions to L1, is the next course of action as “light clients” get stronger. Ethereum co-founder Vitalik Buterin has made a case for taking some functions away from Layer-2 networks or rollups, back to the main Ethereum chain. This “enshrined zkEVM” (zero-knowledge Ethereum Virtual Machine) method is a direct opposite of his previous campaign years ago, which sought to transfer computational load from the main Ethereum chain to Layer-2 networks. Buterin previously touted major support for Layer-2 networks that bundle transactions for off-chain…
Worldcoin Integrates with Major Tech Firms, Expands Its World ID to Mexico and Singapore
Riding in its current wave of success, Worldcoin has decided to spread its tentacles. Presently, the company is looking at expanding to Mexico and Singapore. Worldcoin, co-founded by OpenAI’s Sam Altman, has shared an update about its digital identity platform World ID. According to a company statement, the upgrade includes making significant integrations with five prominent tech firms. The tech firms that the crypto project has now added support for regarding the use of its World ID for user authentication, include Telegram, Reddit, Shopify, Minecraft, and Mercado Libre. Recall that…
Move Over Anchoring Bias, But Bitcoin’s Bull Run Still Has Plenty of Steam Left
Traditional finance investors who want exposure to bitcoin could fall victim to the anchoring bias and intuitively wait for cheaper entry prices. That’s because, in conventional markets, assets rarely double in value in less than a year. Besides, investors, in general, are vulnerable to loss aversion, a cognitive behavior of booking out of winning trades early and holding on to loss-making bets for longer. Original
Bitcoin surges to $43k amid declining whale activity
After surpassing the $44,000 mark last week, Bitcoin (BTC) witnessed a sharp decline to a local low of around $40,700 on Dec. 12. However, the flagship cryptocurrency has gained momentum again. Bitcoin is up by 5.1% in the past 24 hours and is trading at around $42,950 at the time of writing. The asset’s market cap witnessed a $37 billion surge over the past day and is currently standing at over $840 billion. BTC price, whale activity, open interest and RSI – Dec. 14 | Source: Santiment BTC’s price rally…