Category: ICO

AI Agents Will Drive the Next Wave of Crypto Adoption

We can see today that LLMs like GPT-4 are already capable of understanding the intent behind a user’s message, and reason intelligently about how to respond, while at the same time having read all of the text on the internet to inform its answer. So it’s not a big leap to imagine a text-based interface to an agent that has read all relevant crypto media, ingested and understood all the data from all the blockchains, AND has the ability to execute actions on-chain. Source

No, Hong Kong’s Crypto ETFs Aren’t Available in Mainland China

Adding some fuel to the fire was a piece in the SCMP that said these ETFs would be available to mainland traders who have Hong Kong residency and brokerage accounts. That’s certainly true, but there’s a massive caveat: it’s like saying that mainlanders with U.S. residency can open an American brokerage account and trade New York-listed stocks (which they can’t). This doesn’t mean that they are available in mainland China, as the trading, by mainlanders with Hong Kong residency, is done in Hong Kong. Source

Bitcoin (BTC) Fails to Hold $63K, May Remain Range-Bound

Bitcoin (BTC) rose during the European morning on Monday, peaking at around $63,200, before retreating below $62,800. BTC may be again trying to rally above $64,000, of which there have been numerous instances this month, all of which have been sold off. This behavior, along with transaction numbers plummeting, points toward a consolidation in the market and the possibility of bitcoin being range-bound for the time being. At the time of writing, bitcoin is 2.34% higher in the last 24 hours at $62,543. The CoinDesk 20 Index (CD20), which measures…

Singapore-Based Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia

In the past few weeks, Liminal has seen a series of regulatory positives in the Asian Pacific (APAC) and Middle East and North Africa (MENA). Late last month, its Dubai entity, First Answer Custody FZE, secured initial approval from the emirate’s Virtual Asset Regulatory Authority (VARA). Liminal’s Indian subsidy, First Answer India Technologies, is also registered as a reporting entity. Source