BTC price weakness continues into Wall Street trading, and Bitcoin has yet to rival seller capitulation from earlier this year. Source: https://cointelegraph.com/public/index.php/news/btc-price-26k-warning-bitcoin-sell-pressure-double
Month: August 2023
IBM blockchain and AI expert says ChatGPT poses several ‘key risks’ for enterprise use
IBM vice president and chief technology officer of IBM Automation, Jerry Cuomo, recently published a blog post laying out what he claims are several risks associated with using ChatGPT for enterprise. There are several key risk areas, according to the blog post, that businesses should consider before operating ChatGPT. Ultimately, however, Cuomo concludes that only non-sensitive data is safe with…
Another Crypto Bridge Collapses as DeFi Lender on Optimism Suffers $7 Million Attack
Continuing the trend, another decentralized finance (DeFi) protocol bridge has been hacked, according to the project and various security firms. Exactly, a credit market on the Optimism network, said early Friday that it was “actively investigating a security issue within our protocol.” It added that the protocol was temporarily paused, but users could still withdraw assets. Security firm PeckShield said…
Bitcoin price drops to a two month low — Did pro traders benefit?
The price of Bitcoin (BTC) fell by 11.5% from Aug. 16 to Aug. 18, resulting in $900 million worth of long positions being liquidated and causing the price to hit a two-month low. Before the drop, many traders expected a breakout in volatility that would push the price upward but this was obviously not the case. With the substantial liquidations,…
Meet the DJ Who Wears a CryptoPunk Helmet While He Spins
With today’s launch of his debut single “Angels,” electronic musician Danny Maegaard expects some doubters who are “skeptical of this new kid on the block.” That skepticism only increases when you know this digital native has spent the past couple years performing as Seedphrase, a DJ who wears a large helmet based on his CryptoPunks NFT #8348—arguably the rarest in…
LiFi launches multi-bridge governance solution after Uniswap debate
Multichain bridging protocol LiFi has launched a multi-message aggregator for decentralized autonomous organization (DAO) governance, according to an Aug. 17 announcement from LiFi research lead Arjun Chand. If implemented by decentralized exchanges, lending apps, and other Web3 protocols, the new aggregator should help prevent governance attacks that originate from cross-chain bridges, according to the aggregator’s documentation. The announcement comes after…
Billionaire Biohacker Who Wants to Live Forever Just Started ‘Penis Rejuvenation’ Therapy
Bryan Johnson, the controversial 45-year-old tech billionaire on a mission to “turn 18 again,” has raised eyebrows with the latest addition to his anti-aging regimen: penis rejuvenation therapy. The longevity-obsessed entrepreneur revealed on Twitter that he has started receiving shockwave treatment on his penis three times a week, aiming to achieve teenage-level erections that last over three hours per night.…
Price analysis 8/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, LTC
Bitcoin and most major altcoins are reeling under intense selling and charts suggest that the market sell-off is not complete. Source: https://cointelegraph.com/news/price-analysis-8-18-btc-eth-bnb-xrp-ada-sol-doge-dot-matic-ltc
New Zealand parliamentary report advises against hasty crypto regulation
While the cry for crypto regulation is becoming ever louder in much of the world, and regulation by enforcement is a controversy, a report prepared for the New Zealand Parliament has recommended a slow, agile approach. The report was commissioned by the Finance and Expenditure Committee of the New Zealand House of Representatives in 2021 and titled “Inquiry into the…
eToro co-founder Yoni Assia’s life in finance led him to adopt crypto early
Yoni Assia, co-founder and CEO of eToro, entered the finance industry early. After receiving stock as a bar mitzvah gift, he became a successful trader while still in high school. Those profits largely disappeared as the dot-com bubble burst just as he was beginning his military service. That would turn out to be the first of a number of dramatic…