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Showing posts from March, 2023

Here’s how the crypto industry is using artificial intelligence

The rise of artificial intelligence (AI) though in its early stages has found use cases in crypto through countless projects. The use of artificial intelligence (AI) in crypto, though still in its very infant stages, has shown prospects for growth. According to statistics, the blockchain AI market is projected to grow from $220.5 million in 2020 to $973.6 million in 2027 at a CAGR of 23.6% in the 2020-2027 period. Countless projects are trying to put AI at the forefront of their use cases. Despite Tesla CEO Elon Musk and other prominent tech moguls penned an open letter, asking governments to suspend large-scale AI development temporarily, the crypto industry is ripe with AI projects. Here are some examples of crypto AI projects that have recently emerged in the community: Blocktrace Blocktrace is a service provider that specializes in Blockchain forensics and Analysis bolstered by the use of AI technology. Its AI Chatbot is designed to simplify the process of tracking Blockchai...

‘Gensler Will Cost US Its World Leader Position in Finance,’ Says Deaton

CryptoLaw founder and cryptocurrency lawyer John E Deaton has recently taken to Twitter to express his agitation against the arrogance of US regulators. He expressed the view that regulators like Gary Gensler will cost the United States its position as the world’s leader in global trade and finance. The arrogance of American regulators like @GaryGensler is going to cause the United States its position as the world’s leader in global trade and finance. Foreign regulators in the U.K., Singapore, UAE, Japan, Switzerland and elsewhere are eating our lunch when it comes to crypto https://t.co/CurZaoIsIp — John E Deaton (@JohnEDeaton1) March 29, 2023 Deaton’s comment on the whole SEC thing comes after foreign regulators, including the UK, Singapore, UAE, Japan, and Switzerland, embrace the cryptocurrency industry. He mentioned that these “regulators are eating our lunch when it comes to crypto.” The recent legal action against Binance intensifie...

Bitcoin price briefly hits $29K despite regulatory crackdowns

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Despite ongoing crypto crackdowns, the price of BTC briefly tipped over $29,132.82 on March 30, clocking a new high for 2023. The price of Bitcoin (BTC) briefly tipped over $29,000 on March 30, recording a new high for the 2023 year, despite recent United States regulatory crackdowns on crypto firms and related uncertainty.  According to Cointelegraph Markets Pro, the price of Bitcoin reached $29,132.82 on March 30, reaching levels seen just before the collapse of cryptocurrency exchange FTX in early November. Bitcoin's price over the last 24 hours. Source: Cointelegraph Markets Pro The increase comes despite a range of regulatory crackdowns in recent days, such as the United States Commodity Futures Trading Commission suing Binance and its CEO Changpeng "CZ" Zhao on March 27. Bitcoin's price resilience in the wake of such a bombshell development drew surprise from many industry commentators. Some believe this is due to speculation the lawsuit will only result in...

Nigerian crypto investors question central bank's decision to flag p2p users

Crypto P2P users in Nigeria worry over using various platforms to launder funds as the country's central bank cracks down on bank accounts that receive a share of Flutterwave’s rumored stolen funds. Nigerian crypto investors using peer-to-peer (P2P) services have expressed concerns about the Central Bank of Nigeria (CBN) flagging their bank accounts. CBN's decision to flag accounts is believed to be in relation to the near $6.3 million (2.9 billion nairas) Flutterwave hack, as the bank accounts have yet-to-be-proven affiliations with the hack. According to local news sources, on February 19, 2023, Albert Onimole, legal counsel for Flutterwave, a Nigerian fintech company, allegedly reported a case to the Deputy Commissioner of Police, in Yaba, Lagos, of almost $6.5 million (3 billion nairas) that had been illegally transferred from the accounts of his client. On February 27th, a motion ex-parte was filed and granted in support of Flutterwave's claims. According to the motio...

Apple Introduces 'Apple Pay Later', Allowing Users to Split Purchases into Four Payments

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Tech giant Apple has introduced its new ‘Apple Pay Later‘ feature, allowing users to split purchases into four payments. Moreover, the new loan feature allows split payments to accrue with zero interest and no fees. The new feature will allow users to spread the four payments over the span of six weeks. Subsequently, they will be able to track, manage, and repay their respective loans within their Apple Wallet. JUST IN: Apple introduces ' Apple Pay Later' allowing users to split purchases into four payments over time with zero interest and no fees. pic.twitter.com/2583DHrZLL — Watcher.Guru (@WatcherGuru) March 28, 2023 Apple Introduces New Loan Feature One of the largest tech companies in the world has introduced a new loan system for its users. Specifically, Apple has just introduced its ‘ Apple Pay Later’ function, allowing users to split various purchases into four convenient payments. A press release over the development released today states users ca...

Disney reportedly scraps its metaverse division

The metaverse division was originally put together to work on new ways to engage Disney’s audience. Entertainment giant Disney has reportedly ditched its metaverse division as part of a broader restructuring plan that will see the firm cut its operating expenses by $5.5 billion and lay off 7,000 staff over two months. The news was reported by the Wall Street Journal (WSJ) in a March 28 post, citing "people familiar with the matter." All of the metaverse division’s 50 or so members will be left without a new employment contract, with the exception of Michael White, who led the broader consumer-products unit, the WSJ reported. Disney has abandoned a plan to develop its own membership program like Amazon Prime, according to @RWhelanWSJ. Disney has also eliminated the division that was developing Metaverse strategies, according to the report . https://t.co/mSm92XtqE0 pic.twitter.com/e2KqbxAC8i — Scott Gustin (@ScottGustin) March 28, 2023 The metaverse division is understood t...

Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules

The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges claim the crypto exchange broke several trading and derivatives rules. The lawsuit also names Binance’s former chief compliance officer, Samuel Lim, for allegedly aiding and abetting Binance’s violations. CFTC Charges Binance with Willful Evasion of Federal Law; CEO Changpeng Zhao Named in Lawsuit The CFTC has charged Binance with willful evasion of federal law as the regulator insists Binance operated an illegal digital asset derivatives exchange. The CFTC filed the lawsuit in the U.S. District Court for the Northern District of Illinois. The regulator claims that Binance engaged in a calculated strategy of regulatory arbitrage to their commercial benefit. The crux of the charges stem from Binance allegedly offering commodity derivatives transactions to...

Shiba Inu, Bone, Leash Grab Top-10 Spot: Report

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The weekend was devoid of price action. Bitcoin continued consolidating around $28k, while most other altcoins remained rangebound. During the Asian trading hours on Monday, March 27, the global crypto market cap was up by a mere 0.8% and reflected a value of $1.16 trillion. As far as the Shiba network triplets—SHIB, LEASH, and BONE—are considered, only the leader was trading in the green, while the others had borderline red numbers. At press time, Shiba Inu was up by 0.47% over the past 24 hours, while Doge-killer LEASH and Bone , ShibaSwap were down by 0.98% and 0.2% respectively. Nevertheless, the Shiba Inu ecosystem coins’ continue to put forward their best foot in the social game. A recent tweet from LunarCrush revealed that SHIB, BONE, and LEASH were all listed on the top 10 coins based on social engagements. This metric gauges the depth of conversations within posts and indicates actively participating communities. As illustrated below, SHIB stood below BTC and MAN...

In-Chat Tether Transfers Introduced in Telegram

Users of the Telegram messenger will now be able to send each other the leading stablecoin, tether (usdt), directly in the chats. The new option expands the list of cryptocurrencies available for purchase, sale, and trade in the messaging app. Tether Added to Wallet Bot in Telegram Messenger Support for transactions with the U.S. dollar-pegged tether, the largest stablecoin, has been introduced in Telegram, the most popular messaging service in the crypto space. USDT has been integrated in the Telegram Wallet bot, allowing users to buy, sell, exchange as well as transfer tether free of charge between each other. “We’re excited to announce the long-awaited integration of USDT into @wallet, making sending stablecoins as easy as sharing a photo,” the wallet service said in a Telegram post. You can replenish your tether balance through the bot’s main menu, using an external USDT wallet and also by purchasing the stablecoin with a bank card or on Telegram...

Will Dogecoin Breach Its All-time High of $0.73 Before 2030?

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Dogecoin rallied massively in early 2021 after it hit $0.01 and skyrocketed to reach its all-time high of $0.73 in five months. The meme currency was the talk of the town, all thanks to Tesla CEO, Elon Musk who announced that he invested in the coin. Musk repeatedly tweeted and gave out interviews about DOGE making its price soar. In addition, he also debuted in SNL for The Dogefather show and DOGE’s price began slipping thereon never to recover. Now that Dogecoin added an extra ‘zero’, investors are skeptical about when could it climb above its ATH next. DOGE is on a downward spiral for nearly 22 months straight with only minor price spurts in two years. In this article, we will highlight when could Dogecoin breach its all-time high of $0.73 and move forward. Also Read: Shiba Inu: You Can Now Become a SHIB Millionaire With Only $10 Dogecoin: When Will DOGE Breach Its ATH of $0.73? Source: DailyHodl.com A machine-learning algorithm forecasted that Dogecoin could b reac...

Bitcoin: 4 Reasons Why BTC Could Hit $500,000 in 5 Years

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In a recent tweet, Haider Rafique, the CMO of the prominent crypto exchange, OKX, highlighted the possibility of Bitcoin reaching a high of $500K. While this seems like a far-fetched prediction, he also explained why and how the asset could reach this level. According to Rafique in the next five years, the BTC network is expected to entail more than 2 billion wallets. Currently, there are about 45,264,498 addresses in the network. Several firms across the globe have begun embracing Bitcoin through thick and thin. The king coin is found in the treasury of several firms. But Rafique believes that in five years, hundreds of publicly traded platforms will entail BTC in their treasury. The third point is focused on Bitcoin’s market cap. At press time, the market cap of the king coin is around $534 billion. Back in 2021, the market value of BTC soared to a high of $1.2 trillion. Despite the dip, the crypto currency surpassed several prominent entities like Meta and Visa. It currently sta...

7 free learning resources to land top data science jobs

Discover seven free resources to learn data science and land top jobs. Data science is an exciting and rapidly growing field that involves extracting insights and knowledge from data. To land a top data science job, it is important to have a solid foundation in key data science skills, including programming, statistics, data manipulation and machine learning. Fortunately, there are many free online learning resources available that can help you develop these skills and prepare for a career in data science. These resources include online learning platforms such as Coursera, edX and DataCamp, which offer a wide range of courses in data science and related fields. Coursera Data Science and related subjects are covered in a variety of courses on the online learn ing platform Coursera. These courses frequently involve subjects such as machine learn ing, Data Analysis and statistics and are instructed by academics from prestigious universities. Here are some examples of data science course...

CCP Games secures $40M funding for upcoming Web3 game

The financing was led by venture capital firm Andreessen Horowitz, with participation from Makers Fund, BITKRAFT, Kingsway Capital and HASHED, among others. Independent game developer CCP Games, known for its multiplayer online game EVE Online, has announced that it has secured $40 million in financing from external partners to develop a new triple-A title set in the EVE Universe.  We're excited to announce that we have secured $40M financing, led by @a16z, to create a new AAA game within the EVE Universe utilizing blockchain technology. Learn more here: https://t.co/IZJlPRcZ0z pic.twitter.com/y9cqZKtt2l — CCP Games (@CCPGames) March 21, 2023 The financing was spearheaded by venture capital firm Andreessen Horowitz (a16z), with participation from Makers Fund, BITKRAFT, Kingsway Capital, HASHED, Nexon, and other investors.  According to CCP Games, the upcoming project will rely on blockchain technology and smart contracts to develop core game systems, prioritizing persistence, c...

Mastercard To Accept USDC Payments in Asia-Pacific Region

Payments giant Mastercard has partnered with Stables to provide USDC payments in the APAC (Asia Pacific) region. Stables is an Australia-based stablecoin platform. The firm has developed a stablecoin-only wallet, which comes with a card powered by Mastercard. We've partnered with @ Mastercard and @circle to allow people to spend $ USDC anywhere Mastercard is accepted – that's over 54 million locations worldwide! pic.twitter.com/KE8PS0bEOz — Stables (@stables_money) March 21, 2023 Stables’ wallet is capable of accepting deposits in other stablecoins as well, such as Tether (USDT) and Binance USD (BUSD). However, all deposits are automatically converted to USDC at zero charges. The integration is anticipated to go live in June, Q2 2023. Mastercard ’s USDC payments will be first available in Australia. However, the payment option will later be available throughout Europe, the US, the UK, and most of Asia Pacific. Stables co-founder and CEO, Erez Rachami...

LUNA Price Prediction: LUNA Puts up Fight – Is there a Rebound in Sight?

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Join Our Telegram channel to stay up to date on breaking news coverage It has been 10 months since the disastrous collapse of the crypto project Terra Luna in May of last year. The cryptocurrency is now picking up and attempting to reclaim its former glory. However, there have been other incidents in the financial world, and most recently, the crash of the Silicon Valley Bank (SVB). The impact has been devastating, and investors are looking towards crypto as a hedge against financial loss. Despite the global financial crisis, the broader crypto market has maintained its bullish momentum, with LUNA and several altcoins increasing in value before retracing. Is this an ideal time for investors to take advantage of the decline in value to buy the asset before it rebounds? LUNA Shows Signs of Rebound At the time of writing, LUNA is trading at $1.43, following a slump of 2.43% in the last 24 hours. Despite the decline in value of 23.7% in the last month, the digital asset had a b...