Cryptocurrency prices saw some lift over the weekend as lawmakers on Capitol Hill appeared less likely to trigger the first-ever debt default in U.S. history. Republican House Speaker Kevin McCarthy and President Joe Biden were inching closer to a finalized deal on America’s debt ceiling on Sunday and assessing the support they have to pass legislation this week, per the…
The United States looks to avoid a catastrophic debt default after the White House and the House Republicans agreed upon a tentative deal on May 27. The U.S. equities markets rallied in anticipation of the deal on May 26 and the positive sentiment has rubbed off onto the cryptocurrency sector, which is attempting a recovery. Buying is not limited to…
Bitcoin may be the answer to combat cybersecurity threats driven by artificial intelligence, such as deepfake, said Michael Saylor, executive chairman of MicroStrategy, during a recent interview with Kitco News. Saylor illustrated his views using social media accounts created by robots as an example. According to him, billions of fake accounts are behind a digital “civil war” in today’s society,…
While Web3 is poised to revolutionize existing businesses and entire industries—from finance to film—MyCo’s co-founder Phil McKenzie believes matrimony is more meaningful than making a martyr out of Web2 and its associated business models. “It’s about marrying the two together and bridging them,” McKenzie told Decrypt at the inaugural MetaCannes Festival in France, which he helped co-organize. “Web3 is fantastic,…
A slow news cycle resulted in the fourth consecutive week of flat prices in the crypto markets. Crypto Twitter was similarly sedate throughout the week, although markets briefly panicked on Monday when a machine-generated mockup of an explosion at the Pentagon went viral. An AI image of an explosion near the Pentagon caused the market to sell off violently for…
The attacker used the lack of slippage control over tokens to steal the funds. Source: https://cointelegraph.com/app/public/index.php/news/arbitrum-based-jimbos-protocol-hacked-losing-7m-in-ethereum
The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows. In the past 12 months, Circle’s USD Coin (USDC) has seen its market share decline from 34.88% to 23.05%…
JPMorgan’s ChatGPT rival, IndexGPT, will be used across various business units, including advertising, business consulting and different finance-focused softwar… Source: https://cointelegraph.com/app/public/index.php/news/jpmorgan-chase-enters-generative-ai-race-with-indexgpt-trademark
JPMorgan’s ChatGPT rival, IndexGPT, will be used across various business units, including advertising, business consulting and different finance-focused softwar… Source: https://cointelegraph.com/public/index.php/news/jpmorgan-chase-enters-generative-ai-race-with-indexgpt-trademark
Bitcoin sentiment is overly bearish, some claim, with BTC price protecting a key moving average trend line. Source: https://cointelegraph.com/public/index.php/news/bitcoin-holds-200-week-average-as-trader-says-inflection-point-is-here
