Luis Oscar Ramirez, founder and CEO of Mawari, believes the idea that artificial intelligence (AI) has contributed to the decline in metaverse interest and investment is misguided. Instead, Ramirez said he sees AI as a powerful catalyst for metaverse innovation, enhancing user experiences and making digital interactions more natural, intuitive, and engaging. Metaverse, NFT Decline […] Source: https://news.bitcoin.com/spatial-computing-expert-ai-didnt-contribute-to-metaverses-decline/
Illustration by Mitchell Preffer for Decrypt. There’s depressing news for those hoping the price of crypto markets would improve this week. Depressing news for nearly all investors, it would seem. Bitcoin continued to drop, and hard, this week. Over the past seven days, the price of the asset has descended by more than 9% and—after dipping as low as $52,690…
Bitcoin could experience more downward pressure leading up to the Sept. 18 US interest rate cut. Will it fall below $50,000 this weekend? Source: https://cointelegraph.com/news/sub-50k-bitcoin-correction-whales-sell-btc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
OpenAI is looking to introduce more expensive subscription plans for upcoming large-language models like the Strawberry and Orion AI models. Source: https://cointelegraph.com/news/openai-1m-business-users-premium-subscriptions?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US citizens can now reportedly use Kalshi to bet on the upcoming election through derivatives after a judge overturned the CFTC’s decision. However, the CFTC still has the option to appeal. Source: https://cointelegraph.com/news/united-states-prediction-market-kalshi-cftc-derivatives-election?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The general public is not actively concerned about whether applications are decentralized because they often cannot tell the difference between centralized and decentralized systems, according to Cais Manai, co-founder of Obscuro Labs. What matters more to them, Manai argues, is how decentralization can address real-world issues. Users Set to Value Decentralized Systems More As an […] Source: https://news.bitcoin.com/computer-scientist-users-will-value-decentralized-systems-more-as-web3-tech-matures/
The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally using regular banking rails. Japanese Banks Aim to Ditch Intermediaries for Blockchain-Based Stablecoin System Traditional […] Source: https://news.bitcoin.com/largest-japanese-banks-to-use-swift-linked-stablecoin-system-for-cross-border-payments/
Jan3 CEO Samson Mow reiterated that fear-driven markets “never lasts long” because fundamentals usually “win out over time.” Source: https://cointelegraph.com/news/bitcoin-bears-40k-prediction-fear-jan3-samson-mow?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
According to Victor Yu, co-founder of Carv, the current digital ecosystem favors data distributors over data creators. While he acknowledges the usefulness of regulatory frameworks like the General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA)in overseeing internet users, Yu believes these frameworks fall short because they do not translate into full user […] Source: https://news.bitcoin.com/serial-entrepreneur-digital-ecosystem-favors-data-distributors-over-creators/
Zambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initiative in June and is still consulting market participants, with no set implementation date. Kalyalya highlighted that foreign currency use hinders effective monetary […] Source: https://news.bitcoin.com/zambias-dedollarization-plan-aims-to-strengthen-kwacha-stability/
