Day: May 7, 2024

Spectral Labs Joins Hugging Face’s ESP Program to advance the Onchain x Open-Source AI Community – Blockchain News, Opinion, TV and Jobs

New York, New York, May 7th, 2024, Chainwire Spectral is excited to announce its participation in Hugging Face’s Expert Support Program. Spectral is collaborating with deep learning experts from Hugging Face to advance open-source models, datasets, and applications for the Onchain Agent Economy. How to use Hugging Face Hugging Face plays a critical role across Spectral’s organization. Through the Expert Support Program, Spectral regularly meets with the Hugging Face team to plan new use cases, strategize dataset construction, and develop training strategies. Earlier this year, Spectral launched Syntax, which is…

Cartier Family Member Indicted for Using USDT to Launder Hundreds of Millions in Drug Trafficking Money

Maximilien De Hoop Cartier, a descendant of the family famous for their French luxury goods Cartier, has been indicted for his participation in a network that allegedly used several shell companies to launder drug trafficking money proceeds using USDT. Cartier and five Colombian individuals allegedly conspired to directly launder $14.5 million and used these shell […] Source CryptoX Portal

Bloomberg’s Mike McGlone Reveals Why A $150,000 Bitcoin Price Target Is Far Off

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Mike McGlone, Senior commodity strategist at Bloomberg Intelligence, has made a rather pessimistic prediction for Bitcoin, emphasizing that the cryptocurrency’s potential rise to $150,00 was a long shot. The strategist has revealed factors that could make Bitcoin’s projected surge to $150,000 difficult, highlighting both macroeconomic trends and Bitcoin’s performance in 2024.  Bitcoin Surge To $150,000 Unlikely In a recent interview with Scott Melker, the host of “The Wolf Of All Streets,” podcast, McGlone discussed Bitcoin’s price fundamentals and its possible rise to $150,000 in the 2024 bull cycle.  Comparing Bitcoin…

Former NFL Star “Gronk” to Pay $1.9M to Settle Voyager Investor Suit

Coincidentally, the investors filed the proposed settlement with the court just two days before former NFL quarterback Tom Brady – Gronkowski’s former teammate – participated in a comedic roast, which saw several comedians and other stars comment on Brady’s previous crypto endorsements, though without mentioning FTX, Sam Bankman-Fried’s defunct exchange Brady promoted. Source

Trump being elected could be good for Bitcoin

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A Standard Chartered report warns that the growing risk of U.S. fiscal dominance due to the Federal Reserve’s potential debt monetization could drive investors to cryptocurrencies. In this context, a second term under former President Donald Trump might benefit digital assets. “We think that a second Trump administration would be broadly positive via a more supportive regulatory environment,” the report said. Standard Chartered analyst Geoff Kendrick emphasized that Bitcoin could offer a valuable hedge against de-dollarization and waning confidence in U.S. Treasuries. “A steeper nominal 2-year/10-year curve, a greater increase…

U.S. DOJ Identifies and Charges LockBit Ransomware Gang Leader with Fraud, Extortion

In a sprawling 26-count criminal indictment unsealed Tuesday morning, prosecutors allege that Khoroshev, 31, developed, promoted and oversaw the LockBit software, recruiting “affiliates” on cybercriminal forums who then carried out the actual ransomware attacks. Once a ransom was paid, typically in bitcoin (BTC), affiliates would give Khoroshev a 20% cut of their earnings, according to the indictment. Source CryptoX Portal

What Visa’s ‘Organic’ Stablecoin Report Misses

“This means trying to exclude all of trading, so not just automated trading,” he said. Trading, it shouldn’t have to be said, is a pretty big part of why people use crypto. Additionally, as far as Campbell can tell, Visa’s report cut out wallet addresses for centralized exchanges like Binance and Coinbase, which both hold stablecoins used in services like prepaid cards, “some of which are literally Visas.” Source

Bitcoin Local Bottom In? Analyst Offers Insights

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In an ever-evolving world of cryptocurrency markets, deciding the bottom of Bitcoin price correction is an endeavor that attracts interest from both investors and analysts. Joining the fray is cryptocurrency analyst and trader MilkyBull offering insights on the subject, claiming that Bitcoin’s local bottom has developed due to a certain development. Following its weekend recovery out of bear market territory, the price of Bitcoin slightly decreased on Monday. However, MilkyBull is confident that the recent retracement might be the last before BTC turns to move on the upside. Bitcoin Local…