Author: Matthew Brown

Mainstream media giant Rolling Stone has raised eyebrows in the crypto world by asserting that nonfungible tokens (NFTs) have become “ultimately valueless.” This declaration follows the publication of a DappGambl study titled “Dead NFTs: The Evolving Landscape of the NFT Market,” which evaluated the status of NFTs in the ever-changing market. According to the research, which examined 73,257 NFT collections, an astounding 95% of NFTs held by over 23 million investors are deemed to possess no intrinsic value whatsoever. To be more specific, the study discovered that among the myriad NFT collections, a staggering 69,795 of them carry a market…

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Coinbase’s layer-2 network, Base, has achieved a new milestone in terms of daily transactions, surpassing its previous record since its launch in August, as reported by blockchain explorer BaseScan. On September 14, Base’s layer-2 blockchain recorded a remarkable 1.88 million transactions, surpassing its prior record of 1.41 million transactions on August 21, the month of its launch. Notably, Base’s layer-2 network outperformed rival chains such as Optimism and Arbitrum, which combined for a total of 878,000 transactions on the same day. Source: BaseScan Despite this significant achievement, Base’s layer-2 network still lags behind more prominent blockchains like Polygon and Binance…

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Goldman Sachs is optimistic about the current stage of a new technology cycle and dismisses the notion of an artificial intelligence (AI) bubble, despite concerns raised by analysts regarding the rapid growth of the AI market and tech stock prices. Instead, the financial giant believes that we are on the cusp of an AI revolution, contrary to the anticipated bubble. Comparisons have been drawn between the recent surge in AI stock prices and the dot-com bubble of the late 1990s, but Goldman Sachs strongly opposes this analogy. Peter Oppenheimer, Chief Global Equity Strategist at Goldman Sachs, emphasized in a recent…

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As India passed the G20 Presidency to Brazil, member nations reaffirmed their commitment to the responsible utilization and advancement of AI technology while also contemplating the future involving crypto assets and central bank digital currencies (CBDCs). The declaration document by G20 leaders underscored the significant role of technology in bridging global digital divides. It acknowledged the G20’s interest in shaping policies and regulations for cryptocurrencies and exploring the potential of CBDCs in facilitating cross-border payments. The G20 comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey,…

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AI may not be as disruptive as corporate executives suggest, as indicated by a survey of 213 computer science professors. The consensus among these experts leans toward the creation of a dedicated federal agency in the United States for overseeing artificial intelligence (AI) governance. This comprehensive survey was conducted by Axios, Generation Lab, and Syracuse University, involving computer science professors from 65 of the nation’s most prestigious universities. The questions probed a wide range of AI-related topics. When asked about the best entity for regulating AI, the majority of respondents favored either the establishment of a new “Department of AI”…

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In a concerted effort to combat the potential misuse of artificial intelligence (AI), a group of influential members of parliament (MPs) in the United Kingdom has recommended that the government collaborate with democratic allies. Their objective is to collectively protect against the misuse of AI by various actors, whether state-affiliated or otherwise. The move underscores London’s aspiration to play a pivotal role in advancing this emerging technology. The Science, Innovation and Technology Committee (SITC), serving as an advisory body to the government, issued this recommendation in a report released on August 31. The report advises the UK to align with…

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In a groundbreaking move, Lufthansa, one of Europe’s leading airline groups, has ventured into the world of nonfungible tokens (NFTs) with the launch of their loyalty program on the Polygon Network. This innovative program enables passengers to transform their travel experiences into NFTs, unlocking a treasure trove of rewards, including flight upgrades and access to premium airport lounges. On August 31, Lufthansa introduced the Uptrip mobile application, a collaborative effort between Lufthansa Innovation Hub, the airline’s digital innovation unit, and Miles & More, its frequent flyer program. Through this app, travelers can simply scan their boarding passes and receive NFT…

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In a significant development, the U.S. Securities and Exchange Commission (SEC) has taken its first enforcement action related to non-fungible tokens (NFTs), ruling that Impact Theory, a Los Angeles-based company, sold these digital collectibles as unregistered securities. As a result, the SEC has mandated that Impact Theory compensate investors who participated in these NFT transactions, labeling them as illegal unregistered securities offerings.It’s important to note that the SEC’s action is specific to Impact Theory and does not imply that all NFTs are considered securities. In this case, Impact Theory, a California media company, generated nearly $30 million by selling three…

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A mysterious wallet has made significant waves in the cryptocurrency community by amassing over 118,000 BTC in the last 90 days, securing its position as the third-largest Bitcoin holder. Speculation abounds regarding the true identity behind this enigmatic wallet, with the community split into two major camps. One faction suggests that Gemini, the crypto exchange co-founded by the Winklevoss twins, is the entity behind this substantial Bitcoin accumulation. The wallet began its Bitcoin accumulation journey on March 8, 2023, and has rapidly ascended to become one of the most significant holders of BTC. Data from BitInfoCharts reveals that this unidentified…

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Elemental Cognition, an AI startup led by David Ferrucci, the AI researcher behind IBM Watson’s development, has successfully secured nearly $60 million in funding. This substantial investment, as reported on August 17, comes from a pool of 17 investors, with additional plans to secure an additional $5.75 million in funding. Located in the Helmsley Building in New York, Elemental Cognition is on a mission to pioneer AI with advanced reasoning capabilities. The company offers two enterprise chatbot solutions, Cogent and Cora, each tailored for a wide range of applications, including finance, interactive travel planning, and scientific research automation. Elemental Cognition…

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Dubai, a shining beacon of innovation in the United Arab Emirates, is making bold strides in its quest to become the epicenter of cutting-edge technology in the Middle East and North Africa (MENA) region. In an enticing move, the city is extending a generous hand to artificial intelligence (AI) and Web3 businesses, offering them operational licenses at an astonishing 90% subsidy. This progressive initiative is spearheaded by the Dubai AI and Web 3.0 Campus, a burgeoning tech hub that aspires to be a magnet for tech pioneers. The campus is set to administer these coveted licenses through the Dubai International…

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In a harmonious fusion of music and technology, Universal Music Group and Google are currently in the throes of crafting a remarkable tool. This ingenious creation aims to navigate the complex waters of AI-generated tracks, all while adhering to the sanctity of legal and ethical norms. The Financial Times, a herald of industry insights, has illuminated the ongoing discussions between Universal Music Group, a titan in the music realm, and Google, the tech juggernaut. The core of these discussions revolves around the licensing of artists’ melodies and vocal talents, with the intent of enlisting them in the composition of AI-generated…

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Koinpr – Las Vegas, 10th July, 2023 BYDFi, a leading cryptocurrency exchange, is honored to announce its sponsorship of the Blockchain Exclusive Poker Club (BEPC) event. The event takes place at the prestigious Las Vegas Hilton Resorts World, bringing together the worlds of blockchain technology and poker for an innovative and entertaining experience. Blockchain Exclusive Poker Club (BEPC) is a community dedicated to the intersection of blockchain and poker. By leveraging blockchain technology, BEPC aims to provide blockchain enthusiasts and poker players with the most cutting-edge entertainment experience. This exclusive event will showcase the fusion of these two dynamic industries…

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Koinpr – Hampshire, UK, June 21, 2023 The year 2022 posed significant challenges for the cryptocurrency industry, with investor confidence reaching multi-year lows and several crypto firms collapsing. Even Bitcoin, the unregulated flagship cryptocurrency, experienced a severe blow after reaching a high of $60,000 in November 2021. By the end of 2022, Bitcoin’s value had plummeted below $20,000. However, the resilience of the industry and the unwavering belief in the transformative power of cryptocurrencies have led to a remarkable recovery. Recently, Bitcoin has reclaimed the $30,000 mark, currently trading at $28,749. In this dynamic landscape, Fancy Crypto emerges as a…

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Governments all around the globe are grappling with the issue of how to deal with the rapid emergence of artificial intelligence. (AI). Local governments in China have declared plans to impose an obligatory evaluation of generative AI services before they are made public. The latest AI safety investigations include natural language processing (NLP) models like ChatGPT. According to a statement on the website of China’s internet regulator, the Cyberspace Administration of China, suppliers of AI services have a responsibility to guarantee that the material is truthful, protects intellectual property (IP), and does not discriminate or jeopardise security. Reports claim that…

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A bill which was proposed on March 30 intended to regulate Bitcoin mining and protect miners by the Senate and the Arkansas House of Representatives. According to the report, miners must “pay applicable taxes and government fees in acceptable forms of currency and operate in a manner that places no burden on the generation or transmission network of an electric public utility.” The Arkansas Data Centers Act of 2023 establishes appropriate laws for Bitcoin miners in an effort to prohibit unethical business practices. Crypto miners have the same privileges as data centres, which Arkansas recognises as being good for the…

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World Cup AI League, a 4v4 soccer strategy game, has just been released by FIFA in open beta. The game uses artificial intelligence (AI) for its characters, visuals, and gameplay components. The open beta for the game is a more developed version of the World Cup prediction game that was released back in November. The smartphone game was created by Web3 AI company Altered State Machine and is now accessible on Android, with an iOS release scheduled very soon. Reflecting on the goal of the game, the Altered State Machine co-founder Aaron McDonald, “Our mission is to lead casual gamers…

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Bank of England’s central bank digital currency (CBDC) lead, Katie Fortune informed about the future benefits of CBDC and bitcoin coexistence. She said that many unknown benefits are yet to be known. In recent months we have witnessed different opinions from different personalities on the possible usage of CBDCs and cryptocurrencies in the future. The Bank of England sees a mixed future ecosystem soon of various currencies. On 30 March, a panel that took place during the Citi Digital Money Symposium, the BoE central bank digital currency lead, provided clarity on the CBDC and other currency coexistence in the future. …

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China, known for its strict measures on cryptocurrencies, is now looking at the development of blockchain technology by the year 2025. The Chinese authorities shifted their focus to developing the country’s fintech industry. According to reports, China recorded nearly 84% of all blockchain applications filed globally. Despite having so many applications the approval rate is only 19% which is very low. To resolve this problem the Ministry of Industry and Information Technology (MIIT) has announced a draft proposal that seeks public opinion on blockchain technology development. On 28 March, a draft proposal by MIIT, a watchdog of the Chinese fintech…

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Multinational hotel chain Novotel has partnered with the technology firm DelNorte in order to tokenize its newest project. This new project includes a hotel and residential areas in the Republic of Georgia. It will be situated in the most exclusive section of Batumi’s seaside city, near the botanical garden with flower species from all over the globe, and surrounded by the Caucasus Mountains and the warmth of the Black Sea. Tokenomics is a collective word in cryptocurrency that describes the elements that influence a token’s use and value. Tokenomics fosters trust by harmonising each actor’s behaviour and fortifying the blockchain…

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The Paris Blockchain Week 2023 is being conducted from March 20 to March 24, 2023. A panel titled ‘MiCA: How is the EU Regulating Crypto?’ had extensive discussions over the proposed MiCA regulation which is expected to take effect in 2024. A wide range of implications and potential repercussions of the European Union’s Markets in Crypto-Assets (MiCA) law have been raised by regulators and industry participants during the week. MiCA is a 400-page long document set to be the new EU regulation concerning any activity around crypto and crypto assets. It is intended to cover areas related to Transparency, disclosure,…

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Following the collapse of the market caused by FTX, Taiwanese Financial Supervisory Committee (FSC) is named as the island country’s primary crypto regulator as early as this month, reflecting from the announcement of Huan Tein-mu who is the chairman of the body. Collaborating with other government agencies and speaking with business groups, Taiwan’s cabinet and FSC have been developing a specific strategy. While addressing the country’s parliament in regards to the crypto regulations in China on March 20, he pointed out that the separation of consumer assets from corporate money and investor protection procedures are only two of the key…

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Gurugram, March 16, 2023, Koinpr In recent years, the world has witnessed a significant surge in the use of cryptocurrencies. As the popularity of digital assets grows, so does the demand for reliable and efficient crypto marketing and PR services. Koinpr is a game-changer in this field, offering a revolutionary approach to help businesses and individuals navigate the complex world of cryptocurrency. Koinpr is the brainchild of Todayq, a leading India-based financial player that has been specializing in cryptocurrency trading, investment, and blockchain technology. Founded in 2017 by the young visionary Varun Goel at an age of 16, Todayq has grown…

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The Australian government issued a token mapping consultation paper in February 2023 for seeking suggestions from stakeholders. The deadline for these suggestions is set up for 3rd March. After the change in the Australian government in August 2022, the new Albanese regime decided to improve the ecosystem. The government also wants to tackle those risks first which may cause any unforeseen mishaps in the future. Token mapping is the process under which the authorities identify the working of the crypto ecosystem and measure them with existing regulatory frameworks. The Australian Treasury seems to be more alert and defensive after the…

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Binance, one of the largest players in cryptocurrency exchange, has decided to diversify its funds from BUSD to native crypto. The amount which they will transfer is something around $1 billion. After analyzing current banking sector collapses Binance has taken this step to secure the funds of its investors. Changpeng Zhao, the CEO of Binance took to Twitter to announce this news to its customers. The previous week was full of turmoil in the banking sector as three big banks namely, Silvergate bank, Silicon Valley Bank, and Signature bank collapsed and froze some services of their users. As of December…

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According to a statement made on March 6, Alameda Research has filed a lawsuit against Grayscale Investments in the Delaware Court of Chancery. The CEO of Grayscale, Michael Sonnenshein, the owner of Digital Currency Group (DCG), and its CEO, Barry Silbert, were also named in the bankruptcy lawsuit filed by the defunct cryptocurrency trading company. FTX, which filed for bankruptcy in November, has Alameda Research as a related debtor. The lawsuit, according to a statement, aims to recover at least $9 billion in value for Grayscale Bitcoin and Ethereum Trust stockholders and more than $2 billion in asset value for…

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Savecryptotax.com is once again calling out to all those who want to trade their cryptocurrency for cash quickly and reliably. They are reaching out to people who subscribe to the Cash By Mail business model, but don’t know which service to trust. Savecryptotax.com is a Cash By Mail provider in the United States ,United kingdom and Europe, shipping cash by mail to customers since the birth of Bitcoin. However, they only just recently launched their online website in 2019. Being known for their OPSEC and quality shipping, Savecryptotax.com has a good reputation for cash deliveries on time. With a monthly…

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Cadalabs protocol has been making waving in crypto community since its inception on cardano network. Cadalabs protocol has a team of highly specialized and skilled developers who are always keen towards the growth of Cadalabs Ecosystem.  Cadalabs is proud to the general public that its has successfully launched Cada Infinity which is the first Metaverse on cardno blockchain, This great milestone was achieved by Cadalabs team of developers. Cada Infinity Metaverse will support the Cadalabs gaming system, Cadalabs Virtual lands, Real estate and so on. Cadalabs Metaverse will support the following below: 1. INTEROPERABILITY – this will anyone to build…

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Crypto mining’s ecological effect keeps on raising worries with controllers and organizations the same. New York State Governor Kathy Hochul has been asked by a gathering of nearby organizations to deny grants for changing over the city’s old non-renewable energy source power plants into crypto mining focuses. The solicitation comes as a letter co-endorsed by various associations, organizations and work gatherings. The letter requires an ecological evaluation for verification of-work (PoW) digital money mining in the province of New York while encouraging Governor Hochul to deny licenses to change over the Greenidge Generating Station and the Fortistar North Tonawanda influence…

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The arrangement as of late united with Etherscan to give blockchain measurements to its local designers. Aurora, an Ethereum Virtual Machine (EVM) intended to scale decentralized applications (DApp) based on the Near convention, has declared a $12-million introduction financing round. The round included more than 100 funding financial backers, including Pantera Capital and Electric Capital. As per an authority explanation, Aurora will utilize the assets to extend ​​cross-chain capacities past its present contribution, as well as employing expert designers to help the development of Ethereum scaling. The scaling arrangement tries to work with interoperability between blockchains through its EVM association…

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