BTC selling volumes generated by nation states are a drop in the ocean this bull market, argues CryptoQuant’s Ki Young Ju. Source: https://cointelegraph.com/news/bitcoin-sales-govt-225b-bull-market-inflows-analyst
Month: July 2024
Spot Bitcoin ETFs see record inflows post-July 4 dip
The Bitcoin price correction provides strong opportunity for ETF investors to buy the dips. Source: https://cointelegraph.com/news/spot-bitcoin-etfs-record-143m-inflows-july-6
Tangem Partners With Visa to Launch Self-Custodial Crypto Payment Card
Hardware wallet firm Tangem AG is collaborating with Visa to launch a self-custodial payment solution. This collaboration introduces a Visa payment card integrated with a hardware wallet, allowing Tangem users to make payments using their crypto or stablecoin balances at any Visa-accepting merchant across Europe. Unlike traditional custodial solutions, Tangem’s card embeds a private key […] Source: https://news.bitcoin.com/tangem-partners-with-visa-to-launch-self-custodial-crypto-payment-card/
Bitfinex to refund investors of its failed El Salvador Hilton hotel project
Bitfinex intends to refund all investors but is firstly awaiting a potential new offer from the debt issuer to keep the project alive. Source: https://cointelegraph.com/news/bitfinex-to-refund-investors-in-el-salvador-hotel-project
Zambia to Outlaw Use of Foreign Currency, Criminals Could Face Jail Time for up to 10 Years
The Bank of Zambia has proposed a new series of guidelines that seek to outlaw the use of foreign currency, including the U.S. dollar, for local transactions. If finally approved, the document would establish harsh penalties for infringement, including jail time for up to ten years and hefty fines. Zambia to Punish Illegal Use of […] Source: https://news.bitcoin.com/zambia-to-outlaw-use-of-foreign-currency-criminals-could-face-jail-time-for-up-to-10-years/
Corruption in Paraguay: Senator States Illegal Bitcoin Mining Farms Pay up to $500,000 to Operate Underground
Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated these unnamed officials collected up to $500,000 in bribes monthly and called for the resignation or interrogation of ANDE’s President Felix Sosa on this matter. Senator States National […] Source: https://news.bitcoin.com/corruption-in-paraguay-senator-states-illegal-bitcoin-mining-farms-pay-up-to-500000-to-operate-underground/
US House may vote to overturn Biden's SAB 121 veto next week
While the House and Senate already voted to overturn SAB 121, it will need a two-thirds majority vote from both chambers to invalidate Biden’s veto. Source: https://cointelegraph.com/news/united-states-house-to-vote-on-oveturning-biden-sab-121-veto
Crypto Theft Surge: Hackers Steal $1.38 Billion in First Half of 2024, Doubling 2023 Figures
A new report by blockchain intelligence firm TRM reveals that crypto thefts in the first half of 2024 have doubled compared to 2023, with $1.38 billion stolen by June 24. Major hacks constitute 70% of losses, with private key compromises and smart contract exploits as top attack vectors. Crypto projects are advised to adopt comprehensive […] Source: https://news.bitcoin.com/crypto-theft-surge-hackers-steal-1-38-billion-in-first-half-of-2024-doubling-2023-figures/
Transhumanism and the Quest for Immortality with SingularityNET CEO Dr. Ben Goertzel
Transhumanism and the Quest for Immortality with SingularityNET CEO Dr. Ben Goertzel Transhumanism is a philosophical and intellectual movement that advocates the enhancement of the human condition using technologies that can increase longevity, cognition, and well-being. In this interview, SingularityNET founder and CEO Dr. Ben Goertzel discusses his background in the transhumanist movement and how AI, and AGI will play…
New AI Training Technique Is Drastically Faster, Says Google
Google’s DeepMind researchers have unveiled a new method to accelerate AI training, significantly reducing the computational resources and time needed to do the work. This new approach to the typically energy-intensive process could make AI development both faster and cheaper, according to a recent research paper—and that could be good news for the environment. “Our approach—multimodal contrastive learning with joint…