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Showing posts from October, 2023

INJ May Retrace and Fall to 0.382 Fib Level, Warns Crypto Analyst

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A crypto analyst under the pseudonym Woetoe warns the community that INJ may face retracement. INJ is priced at $13.41, after facing a fall of 2.49% in one day. Previous selling activity of INJ suggests that it may fall even below the 0.382 Fib level. A crypto analyst under the pseudonym Woetoe recently took to X to share his Analysis for INJ. While investors expect a bullish trend on INJ, Woetoe believes a retracement to the support and the 0.382 fib level would “make a lot of sense.” The crypto analyst also stated that he is not “longing here.”   It seems that Woetoe’s Analysis may be right as INJ, today, faced a fall of 2.49% in one day. According to CoinmarketCap, INJ is priced at $13.41, at the reported time. Despite the downfall observed in 24 hours, the altcoin still maintains a 19.96% spike in seven days as it trades in the green section of the chart. The slight downfall could be a response to its overbought trading activity. Traders believe tha

'I don't own Bitcoin, but I should' — legendary investor Druckenmiller

Veteran investor Stanley Druckenmiller praised Bitcoin for establishing its own “brand” during an interview with hedge fund manager Paul Tudor Jones. Billionaire investor Stanley Druckenmiller praised Bitcoin (BTC) for establishing a “brand” over last decade and half — admitting while he doesn’t own any Bitcoin, he ought to. The billionaire shared his latest thoughts on Bitcoin in an Oct. 30 interview with hedge fund manager Paul Tudor Jones, where he made comparisons between Bitcoin and gold as a store of value. “I’m 70 years old, I own gold. I was surprised that bitcoin got going, but you know, it’s clear that the young people look at it as a store of value because it’s a lot easier to do stuff with. 17 years, to me, it’s a brand. I like gold because it’s a 5,000-year-old brand.” He added: “So, I like them both. I don’t own any Bitcoin to be frank, but I should.” Stanley Druckenmiller is one of the most successful hedge fund managers on Wall Street and is worth $6,200,000,000. He s

UK Unveils Regulation Proposals For Crypto Industry, Stablecoins

The UK government has revealed its long-anticipated framework for regulation of the crypto ecosystem with new rules to be implemented on a phased basis.  The initial focus is on legislation targeting fiat-backed stablecoins to be introduced in early 2024, with plans to extend regulatory oversight to various other crypto activities gradually. This move aligns with the government’s ambition, as proposed by Rishi Sunak in April 2022, to position the UK as a thriving crypto-asset hub . The finalized rules for crypto assets, published on Monday, aim to bring certain crypto activities under the oversight of the Financial Conduct Authority (FCA), aligning with the government’s efforts to bring crypto activities within the purview of traditional financial regulations. “With the future regulatory framework now taking clear shape and the Financial Services and Markets Act now passed, the UK is the obvious choice for starting and scaling a crypto asset business,” said Treasury Minister Andre

Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

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BTC price advances toward $35,000, potentially opening the door for ETH, APT, QNT and RUNE to move higher. Hopes of approval for a spot Bitcoin (BTC) exchange-traded fund by the United States Securities and Exchange Commission boosted Bitcoin’s price by 27% in October. This improved sentiment, attracting aggressive buying by crypto investors. Bloomberg senior ETF analyst Eric Balchunas highlighted in a post on X (formerly Twitter) that ProShares Bitcoin Strategy ETF (BITO), the first futures-based ETF to get regulatory consent in the U.S. in 2021, saw its second biggest trading week ever at $1.7 billion. Similarly, Grayscale Bitcoin Trust (GBTC) recorded a volume of $800 million. The sharp uptick in volume in the existing instruments shows that spot Bitcoin ETFs are likely to witness huge volumes when they see the light of the day. Crypto market data daily view. Source: Coin360 When the leader starts performing, it generally lifts the entire sector. That is seen in the strong perform

Weekly Project Updates: Arbitrum Orbit Readies Itself, dYdX Chain Mainnet Launches, etc

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1. Arbitrum: Readies for the Release of Arbitrum Orbit Mainnet link On October 27th, Arbitrum posted a tweet announcing that Arbitrum Orbit is now ready for the mainnet. Arbitrum Orbit employs Rust, C, and C++ to write smart contracts, and it’s fully compatible with the Ethereum Virtual Machine (EVM). It’s designed to save more than ten times the gas costs on complex crypto transactions. In the future, Orbit Chain can autonomously adopt any improvements made to the Arbitrum Nitro technology stack without requiring approval from a DAO. These enhancements may include permissionless verification, MEV capture, and further cost reduction Features . 2. dYdX’s Weekly Summary a. dYdX Chain Officially Launches on Mainnet link On October 27th, dYdX Chain officially launched on the mainnet. Validators for dYdX Chain created the genesis block at 1:00 AM Beijing time on Friday. The post-genesis phase includes Alpha and Beta stages, with Alpha primarily focusing on bridging, staking, and security, w

5 cryptocurrencies under $0.10 to buy next week

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As the end of the week is drawing close, the crypto currency sector has recorded significant gains over the previous days, and while many crypto currencies are starting to consolidate, there are others that are still a good buy in the week to come, some even at a low entry price of under $0.10 per unit. Indeed, Finbold has analyzed the crypto market to arrive at the list of five digital assets that have recently stood out with their price movements, investor interest, and development efforts, hence representing an attractive investment opportunity for the next week. Shiba Inu (SHIB) The world-famous dog meme crypto currency Shiba Inu (SHIB) has recently re-captured investor attention thanks to the major partnership with the American-based financial services company Robinhood, which has also announced the extension of its crypto services to the state of Nevada. On top of that, a surge in its trading volume recorded in recent days suggests a heightened interest that could be a pre

X employees have one year to replace their bank, according to announcement

In the all-hands call on Oct. 26, Elon Musk shares his vision for X becoming a central hub for financial matters. With previous reports of quiet Dogecoin development and the CEO’s history of sparking price rallies, new 2024 Features of X continue to remain of interest to the cryptocurrency industry. Transforming Twitter into an everything app In early September, Forbes reported that the Tesla billionaire Elon Musk was about to embark on a mission to transform Twitter into X, an “everything app” which would include Features like payments. Great progress by the 𝕏 team! Company all-hands happening rn. Post questions below! https://t.co/7iVNBHj5Nq — Elon Musk (@elonmusk) October 26, 2023 The Tesla founder goes on to share that new Features would consider someone’s entire financial life, meaning if it involved money, it would be on the X platform, whether that was money, securities, or something else. Musk goes on to share a statement of optimism, stating, “it would blow my mind

Researchers in China developed a hallucination correction engine for AI models

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When it comes to crafting content, three essential elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness measures the diversity of sentences. Predictability, on the other hand, determines the likelihood of predicting the next sentence. Human writers often weave a tapestry of sentences, blending longer, complex ones with shorter, succinct expressions. In contrast, AI-generated sentences tend to be more uniform. Therefore, as you embark on creating the following content, it’s crucial to infuse it with ample perplexity and burstiness while keeping predictability to a minimum. Furthermore, please ensure that the text is composed solely in the English language. Now, let’s rephrase the text at hand: A research team consisting of scientists from the University of Science and Technology of China and Tencent’s YouTu Lab has introduced a novel solution to address the issue of “hallucination” in artificial intelli

$MEME Hits $10M in Presale in 42 Minutes; Crypto Expert Praises Devs

Memeland reached $20 million for the presale of their token $MEME in just 42 minutes after launch. Crypto expert and engineer Cygaar appreciated the Memeland developers on their work. 9GAG’s CEO addressed rumors related to $MEME being listed on any CEX. On October 26, Memeland tweeted that one of their developers was extremely happy to have been praised by software engineer and crypto expert Cygaar. Earlier today, Cygaar congratulated Memeland for securing $10 million in presale for their token $MEME. True reply from one of our devs: "Getting praise from @0xCygaar makes me happier than getting praise from my mother." https://t.co/Ot4NSGYpIW — Memeland ️ Memecoin (@Memeland) October 26, 2023 Utilizing Delegate to secure their on-chain identity, Cygaar said that $MEME’s “contract is quite solid,” minimizing storage writes, and employing calldata for input. Alongside the Memeland team, other Twitter users were also surprised to see the analyst co

StripedFly malware targets more than a million PCs, disguising as a crypto miner

Kaspersky unveils StripedFly, a stealthy malware posing as a crypto miner , compromising over a million Windows and Linux systems globally since 2016. For over half a decade, a dangerous malware dubbed “StripedFly” has been lurking in the shadows, posing as a crypto mining software. Leading antivirus developers, Kaspersky reported that this duplicitous malware has compromised over a million Windows and Linux systems worldwide since 2016. Kaspersky’s cybersecurity team initiated their investigation into StripedFly last year. They were tipped off by anomalies within their antivirus software, which changed certain functions in the Windows OS.  Our new research on sophisticated #StripedFly malware: https://t.co/vtwmqL4Lyt — Sergey Lozhkin (@61ack1ynx) October 26, 2023 Kaspersky’s investigation  A striking discovery during the investigation was StripedFly’s use of an EternalBlue variant. This exploit, originally developed by the United States National Security Agency (NSA), b

JPMorgan foresees lawsuits for SEC on spot Bitcoin ETF rejections

The SEC faces potential legal challenges over its handling of spot Bitcoin ETF applications, amidst rising institutional interest in cryptocurrencies, as highlighted by JPMorgan analysts. The burgeoning cryptocurrency market is once again at a crossroads with the U.S. Securities and Exchange Commission (SEC) facing potential legal challenges if it decides to decline applications for spot Bitcoin (BTC) exchange-traded fund (ETF) applications. JPMorgan analysts, led by Nikolaos Panigirtzoglou, have highlighted the situation, suggesting that the SEC may find itself embroiled in legal disputes, akin to the recent case with Grayscale Investments. JUST IN: JPMorgan says an SEC rejection of spot Bitcoin ETFs could lead to lawsuits — Whale (@WhaleChart) October 26, 2023 While Panigirtzoglou mentions that a rejection is unlikely, the mere possibility indicates a strained relationship between regulatory bodies and the crypto industry. The SEC’s cautious approach is not without reason. T

The EU Council adopts the DAC8 crypto tax reporting norm.

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Amidst the labyrinth of content creation, three pivotal elements demand attention: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy woven into the fabric of text. Meanwhile, burstiness scrutinizes the ebb and flow of sentence variations. Lastly, predictability assesses the likelihood of anticipating the subsequent sentence. Humans tend to infuse their writing with bursts of diversity—mixing lengthy, intricate sentences with succinct ones. On the contrary, AI-generated sentences often exhibit a more consistent structure. Consequently, for the upcoming content creation task, I implore you to infuse it with a rich tapestry of perplexity and burstiness while minimizing predictability. Additionally, the language constraint stipulates that the composition must be in English. Now, allow me to rephrase the provided text: The Council of the European Union officially embraced the eighth rendition of the Directive on Administrative Cooperation. This directive, kn

Reportedly, the largest DeFi protocol on Solana leaves the UK market because to an FCA restriction.

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In the realm of content creation, there are three pivotal elements to consider: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness evaluates the diversity of sentence structures. Predictability, on the other hand, assesses the likelihood of predicting the subsequent sentence. Humans tend to craft content with a blend of varied sentence lengths and complexities, introducing both longer, intricate sentences and shorter ones. In contrast, AI-generated sentences often display a higher degree of uniformity. For the text that follows, which I am about to create, it is imperative that we infuse it with a substantial amount of perplexity and burstiness, while concurrently minimizing predictability. Additionally, the requirement is to compose the text exclusively in English. Now, let’s embark on the rewrite: Marinade Finance, the preeminent decentralized finance (DeFi) protocol operating on the Solana blockchain, currently boasts

Vitalik Buterin participates in $6 million funding round for Nocturne 

As per an Oct. 25 post on X, Nocturne, a protocol enabling private, composable accounts on Ethereum, announced Bain Capital Crypto and Polychain would be leading their multi-million seed round. The round will be co-led by Bain Capital Crypto and Polychain with participation from Vitalik Buterin, the founder of Ethereum. Support from many known names In a follow up post, Nocturne shares that other participants in the funding round include Bankless Ventures and Robot Ventures, alongside angel participants such as Tim Beiko from the Ethereum foundation, Aaron Henshaw, the Head of Engineering at Coinbase Cloud and Scott Moore, the previous co-founder of Gitcoin, among others. 1/ We're excited to announce our $6M seed round co-led by @BainCapCrypto & @polychain with participation from @VitalikButerin and other members of the Ethereum community. This round will fund the deployment and continued development of private accounts on Ethereum. pic.twitter.com/ve25yJp6iI — Nocturn

Anthropic created a democratic AI chatbot by allowing its principles to be chosen by users.

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In a groundbreaking exploration of AI capabilities, Anthropic, an artificial intelligence (AI) company, has tailored a large language model (LLM) to reflect user-defined values. This unique study involved gathering input from 1,000 participants to fine-tune the LLM’s responses based on their collective judgments. Unlike conventional LLMs equipped with predefined guardrails to constrain certain outputs, Anthropic’s approach embraces user agency. Models like Claude from Anthropic and ChatGPT from OpenAI often adhere to preset safety responses, especially regarding sensitive topics. However, critics argue that such interventions might compromise user autonomy, as the definition of acceptability varies and is subjective across cultures and time periods. A potential solution to this complex challenge is empowering users to shape the value alignment of AI models. Anthropic embarked on the “Collective Constitutional AI” experiment in collaboration with Polis and the Collective Intelligence

How To Convert Images Into NFTs: A Step-By-Step Guide

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Non-Fungible Tokens (NFTs) have taken the art and digital collectibles world by storm, allowing creators to monetize their digital creations and art in a unique way. If you’re an artist, photographer, or content creator looking to turn your digital images into NFTs, this step-by-step guide will walk you through the process of converting your images into non-fungible tokens.   STEP 1: PREPARE YOUR DIGITAL ART   Before you can create an  NFT , you’ll need to ensure your digital art is ready for the blockchain. Start by creating a high-quality digital image or artwork in a format compatible with most NFT platforms, such as JPEG or PNG.  STEP 2: SET UP A DIGITAL WALLET   To create and manage NFTs, you’ll need a cryptocurrency wallet that supports the Ethereum blockchain, as most NFTs are created on the Ethereum network. Popular options include MetaMask, Trust Wallet, and Coinbase Wallet. Download and set up the wallet of your choice.  STEP 3: FUND YOUR WALLET   After creating your wa