Day: April 23, 2024

Controversy Swirls Around Bitcoin’s BIP-420: Push Behind Opcode ‘Isn’t in Good Faith,’ Says Developer

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On Monday evening, Taproot Wizards co-founder Udi Wertheimer unveiled a Bitcoin Improvement Proposal (BIP) that reintroduces the OP_CAT opcode to Bitcoin. This opcode could facilitate more streamlined and efficient decentralized file hosting systems, payment channels, and sophisticated Bitcoin smart contracts by minimizing reliance on intricate cryptographic techniques. However, Bitcoin developer Luke Dashjr has labeled the […] Original

Decentralized Cloud Computing Altcoin Explodes After Korea’s Biggest Crypto Exchange Announces Support

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A decentralized cloud computing altcoin is soaring after Korea’s biggest crypto exchange announced support for the digital asset. Akash Network (AKT) shot up Tuesday from a low of $4 to a high of $6.74, a more than 68% increase after crypto exchange Upbit announced support. Source: CoinGecko/X At time of writing, AKT has retraced slightly to $5.30 and is sitting at a market cap of $1.2 billion. Akash Network is a decentralized open-source cloud network that supports decentralized finance (DeFi) applications and organizations, as well as machine learning, blockchains and AI.…

Is The Bitcoin Top Already Here? This Historical Pattern Says So

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A historical pattern currently forming in a Bitcoin on-chain indicator could suggest that a top may be near for the asset, if not already in. Bitcoin SOPR Ratio Is Forming A Historical Top Pattern Right Now In a CryptoQuant Quicktake post, an analyst has discussed about a pattern regarding the SOPR Ratio. The “Spent Output Profit Ratio” (SOPR) is an indicator that tells us whether the Bitcoin investors are selling their coins at a profit or loss right now. When the value of this metric is greater than 1, it…

Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court

Sales of LUNA and MIR to institutional investors totaled $65.2 million and $4.3 million, respectively, sales of LUNA and UST through the Luna Foundation Guard (LFG) totaled $1.8 billion, and investors bought $2.3 billion in UST on various crypto asset trading platforms between June 2021 and May 2022, according to court documents. Source

Fidelity Digital Assets ‘Signals’ Report Revises Bitcoin Outlook to ‘Neutral’

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The latest quarterly report from Fidelity Digital Assets (FDA) Research reveals key insights into the bitcoin and ethereum markets as of Q1 2024. With a detailed analysis of market conditions and future outlooks, FDA’s research report provides several predictions for short and long-term trends. Fidelity Digital Assets Spotlights Bitcoin and Ethereum Market Shifts in New […] Original

Will Bitcoin’s New BIP Editors Streamline Development?

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“One of the big frustrations is that Luke would comment, like, hey, you need to fix this thing, and the author will fix it in like a few hours. But then we wouldn’t see Luke again on that PR [pull request] for another month or two. Which is really frustrating because like, well, I did exactly what you wanted me to do,” Chow, who has at least four open BIPs, explained. Original

OP_CAT’s BIP-420 proposes to revive Bitcoin covenants

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OP_CAT recently unveiled its BIP-420 proposal amid the ongoing discourse surrounding covenants within the Bitcoin community. According to Udi Wertheimer on X, an advocate for OP_CAT, the proposal aims to enable covenants on Bitcoin, opening avenues for smart contracts, secure bridges, on-chain trading, zk proof verification, and more. However, it’s worth noting that the proposal hasn’t yet gained official status as a Bitcoin Improvement Proposal (BIP). Covenants on Bitcoin (BTC), in essence, are sophisticated scripting features dictating specific conditions on how bitcoins can be spent in future transactions. Covenants have…

SEC delays Franklin Templeton spot Ethereum ETF

The U.S. SEC postponed the application to open an Ethereum ETF from Franklin Templeton. According to a document published on the regulator’s website, the Commission considers it appropriate to set a more extended period for action on the proposed rule change to give it sufficient time to consider the proposed rule change and its issues. The SEC must decide on Franklin Templeton’s application by June 11. “The Commission shall either approve or disapprove or institute proceedings to determine whether to disapprove the proposed rule change.” SEC filing In February, Franklin…

AI Safety for Smart Contracts Is AI Safety for the World

Second, there’s authentication of inputs to LLMs, which means ensuring that inputs are trustworthy for a given purpose. For example, to decide whether to refund ticket purchases, Alice’s smart contract might accept from users not raw natural-language requests, but only pointers to trustworthy weather- and airline-information websites, whose data are interpreted by the underlying LLM. This setup could help filter out adversarial inputs. Source

Web3 Artist Shavonne Wong on the Future of NFTs

My husband told me about NFTs and I was like, “Don’t know what it is. Sounds very technical. But let’s try stuff, right?” So I basically got into NFT Twitter around January 2021 and started to check things out, ask questions, following people. And I was like, “All right, I’ll make something.” So I created a piece, minted it, and it sold. So I was like, “Okay, cool.” Created more pieces, they sold. I was like, “Oh, shit.” Source