Category: Blockchain

Bitcoin Consolidates as Profitability for Long-Term Holders Increases – Blockchain News, Opinion, TV and Jobs

Last week, Bitcoin (BTC) concluded at approximately $37,350, posting an increase of 0.8% compared to the preceding week’s closing value of $37,000. It commenced with notable volatility, witnessing BTC’s price dropping to as low as $34,800 on Tuesday, followed by a robust recovery, nearly reaching $38,000 on Wednesday. Subsequently, BTC dipped again to $36,000 on Thursday. The latter part of the week saw an uptick, and BTC closed the week at around $37,350. BTC dominance, which gauges Bitcoin’s market capitalization in relation to the entire digital asset market, rebounded after…

Can blockchain supply the guardrails to keep AI on course?

Artificial intelligence (AI) and blockchain are emerging digital technologies that have captured the public imagination but also raised serious concerns. So it bears asking: Can AI and blockchain be integrated in a way that benefits humanity? There are reasons to think so. As far back as 2016, Vitalik Buterin wrote that both the crypto economics and AI safety communities were “trying to tackle what is fundamentally the same problem” of how to regulate complex and smart systems with “unpredictable emergent properties.” Both rely for control on essentially “dumb” systems “whose…

Blockchain Association files support in suit to lift Tornado Cash sanctions

The Blockchain Association has thrown fresh support behind six plaintiffs suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on the crypto mixer Tornado Cash. In a Nov. 20 amicus curiae brief to a U.S. appellate court, the crypto advocacy group argued OFAC’s decision to sanction the privacy protocol was not only unlawful but exceeded its statutory authority and was both “arbitrary and capricious” — contrary to the U.S. Constitution. It’s the second amicus brief filed by the Blockchain Association supporting a group of Tornado…

PYTH Airdrop Shines Spotlight on Pyth Network, Blockchain Oracle to Rival Chainlink

Pyth, by contrast, sources data directly from first-party financial institutions – both traditional and crypto-centric – like Jane Street and Binance. While this institution-driven system carries whiffs of “centralization” – anathema to the disintermediating world of crypto – it brings drastic speed improvements, several orders of magnitude faster than competing services, supposedly in the name of serving the demands of modern finance. Source link

Event recap for North American Blockchain Summit

Once branded for a Texas-specific audience, the North American Blockchain Summit (NABS) shook things up in 2023 — changing its location and name as many United States lawmakers prepared for an election season. Hundreds of crypto and blockchain enthusiasts gathered in Fort Worth, Texas from Nov. 15-17 to network, discuss mining, and listen to politicians and industry leaders talk about developments in policy and regulation affecting the space. Among the headliners of the event were longshot Republican presidential candidate Vivek Ramaswamy, Independent presidential candidate Robert F. Kennedy, Jr. and current…

OpenChat To Experiment With Facial Recognition In Blockchain

In a bid to elevate the user experience, OpenChat is steering towards a new frontier where conversations are not just exchanges of words, but authentic connections facilitated by advanced technology. The innovative chat application operating on the revolutionary Internet Computer blockchain acknowledges the imperative to authenticate users and deter the proliferation of multiple profiles by launching a cutting-edge facial recognition technology. OpenChat co-founder Matt Grogan emphasizes the app’s goal of attaining “proof of unique humanity.” He acknowledges the simplicity of proving one’s humanity but underscores the greater challenge of verifying…

Public needs to know blockchain use cases, AI needs regulation now — Andrew Yang

Andrew Yang, former candidate for United States president and New York City mayor and founder of the Forward Party, had sobering observations about the uses of blockchain, or its lack of use, in the United States and U.S. regulation of artificial intelligence (AI) when he spoke Nov. 16 at the North American Blockchain Summit (NABS) in Fort Worth, TX. Yang, who described himself as “enormous believer in smart money, smart currencies,” said he saw blockchain and Web3 technology in a sorry state, especially in the United States, which creates the risk…

How On-chain Analytics Bring Transparency to Blockchain and Cryptocurrency Transactions

As managers investing on behalf of clients, we are constantly monitoring on-chain analytics to ensure we are making informed decisions. You can gather a lot of useful, actionable information with on-chain analytics. For example, you can look at unique wallet addresses. If this is growing rapidly it could mean that adoption of the project is picking up. You could also look at wallet activity if there are a lot of transactions, addresses sending crypto back and forth, it could indicate that the project has a meaningful user base and it…

Blockchain ‘Intents’ Growing in Popularity as Crypto Ecosystem Gets Harder to Navigate

Simply defined, an intent is a specific goal a blockchain user wants to accomplish. While no two “intent-centric” systems are the same, they all work similarly: users, be they traders or protocols, submit their intent to a service, and then it is outsourced to a “solver” – it could be a person, or an AI bot, or another protocol – that does whatever it takes to get the job done. Source link

Web3 advocate and author Alex Tapscott on the future of blockchain mass adoption

Web3, blockchain, crypto and mass adoption were major buzzwords in 2021 and 2022, but the public interest in the terms fell to the wayside over the last year as media headlines narrowed their focus to the now defunct FTX exchange and the trial of its founder, Sam Bankman-Fried.  Fast forward to the present, and media headlines are focused on the handful of pending spot Bitcoin ETF applications, Bitcoin’s (BTC) more than 100% year-to-date gain and there is a bit of a revival happening in the NFT markets. Perhaps, Web3 is…