Another Bitcoin break above $70,000 will be a significant signal for traders but until it happens, analysis is “pretty futile,” according to Mati Greenspan. Source: https://cointelegraph.com/news/bitcoin-price-analysis-is-noise-until-70k-break
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Reddit shares jump after-hours on OpenAI data-sharing deal
Reddit said the deal allows OpenAI’s tools to “better understand and showcase Reddit content” and sees the AI firm back new features on the social platform. Source: https://cointelegraph.com/news/reddit-shares-jump-on-openai-deal
What Is Restaking?
The concept of restaking introduces a groundbreaking way for people to utilize their staked cryptocurrency across various protocols simultaneously. This not only boosts reward potential but also significantly enhances the security and scalability of blockchain networks, benefiting the entire crypto ecosystem. Introduction to restaking A common occurrence In the rapidly evolving world of blockchain technology […] Source: https://news.bitcoin.com/what-is-restaking/
Block Subsidiary, TBD, Partners With Chipper Cash for Quicker, More Affordable Remittances
TBD, a subsidiary of Block, owned by Jack Dorsey, has formed a partnership with Chipper Cash, an Africa-focused fintech company. This partnership aims to expedite consumer remittances and make them more affordable. According to a statement, Chipper Cash plans to use the decentralized exchange protocol of TBD. This will enable trusted transactions that comply with […] Source: https://news.bitcoin.com/block-subsidiary-tbd-partners-with-chipper-cash-for-quicker-more-affordable-remittances/
Altcoins a ‘relatively huge’ risk as days of big returns are gone, say analysts
Altcoins have “tactical opportunities” but not the massive gains seen in previous cycles, says 10xResearch head of research Markus Thielen. Source: https://cointelegraph.com/news/altcoins-riskier-as-big-returns-behind-us-analysts
Legendary Investor Tim Draper Leads Bitcoin Lending Protocol Zest’s $3.5 Million Seed Round
Draper Associates, the VC firm led by the legendary investor Tim Draper, has led the $3.5 million seed round of Zest Protocol, a Stacks-based Bitcoin lending market. The round, which also had the participation of Binance Labs, Flow Traders, Trust Machines, and others, seeks to allow bitcoin holders to put their capital to use using […] Source: https://news.bitcoin.com/legendary-investor-tim-draper-leads-bitcoin-lending-protocol-zests-3-5-million-seed-round/
DTCC, Chainlink complete fund data tokenization pilot with U.S. banks
The pilot program tested a method of bringing traditional finance fund data onto blockchains with big banks JPMorgan and BNY Mellon also involved. Source: https://cointelegraph.com/news/dtcc-chainlink-pilot-us-banks-fund-data-tokenization
OpenAI Will Mix ‘Authentic’ Reddit Content Into Its AI Training Data
OpenAI will train its AI model on content from social discussion platform Reddit, the two companies jointly announced on Thursday. Reddit declared itself “an important space for conversation on the internet,” and said the agreement will expand the range of material in OpenAI’s large language model (LLM) while helping it enhance its user experience. “This partnership will also enable Reddit…
Juno Addresses Banking Service Disruption — ‘This Is Outside Our Control’
Juno Finance acknowledges the disruption in banking services and is collaborating with its brokerage and banking service providers, Synapse and Evolve Bank & Trust, to restore full service as soon as possible. Juno is a financial platform that integrates checking and savings accounts with cryptocurrency trading. “Currently, Evolve Bank & Trust has frozen all card […] Source: https://news.bitcoin.com/juno-addresses-banking-service-disruption-this-is-outside-our-control/
Memecoin launcher pump.fun claims ex-employee behind $1.9M exploit
Pump.fun said its smart contracts are safe and impacted users will receive “100% of the liquidity” that it previously had within the next 24 hours. Source: https://cointelegraph.com/news/solana-memecoin-tool-pumpfun-claims-ex-employee-exploiter