News – Page 36

The Intersection of Crypto and AI: Vitalik Buterin’s Take

Vitalik Buterin explores potential intersections and synergies between crypto and AI. While recognizing the superficial connections, he notes that specific applications were limited. With the advancements in AI, particularly modern Language Model Machines (LLMs), and the progress in crypto technologies such as zero-knowledge proofs, he observes a transformative shift in the landscape. The post is part of a series on the evolving relationship between cryptocurrency and artificial intelligence (AI) The other part of the series is titled “The promise and challenges of crypto + AI applications.”

Source: Wayne Jones, 2024-01-31; https://cryptopotato.com/the-intersection-of-crypto-and-ai-vitalik-buterins-take/

Hong Kong’s Harvest Fund Management Seeks Spot Bitcoin ETF Approval

Harvest Fund Management’s Hong Kong branch is the latest entity to apply for a spot Bitcoin exchange-traded fund (ETF) with local regulators. This move aligns with Hong Kong’s preparations for its first wave of spot crypto ETFs. According to the Tencent , Harvest aims to launch the city‘s first spot Bitcoin ETF after the Lunar New Year holiday on February 10. These ETFs are anticipated to offer a regulated avenue for digital asset investment, promising benefits such as fostering orderly markets for the asset class.

Source: Chayanika Deka, 2024-01-30; https://cryptopotato.com/hong-kongs-harvest-fund-management-seeks-spot-bitcoin-etf-approval/

Why Investors Are Starting to Buy Bitcoin Over Bonds: $2 Trillion Allianz Economist

Allianz chief economic advisor Mohamed El-Erian says the Treasury market has lost its economic, policy, and technical ‘anchors’ The economist expects the market supply of treasuries to continue rising as the government issues more debt, and as the Federal Reserve remains a net seller of such debt. “The question mark is: who is gonna buy?” El-Elrian on Thursday. ‘That question of buyers isn’t gonna go away any time soon. Buyers are hesitant, and they should be hesitant, in view of what’s happening to the supply of government debt.’

Source: Andrew Throuvalas, 2023-11-01; https://cryptopotato.com/why-investors-are-starting-to-buy-bitcoin-over-bonds-2-trillion-allianz-economist/

COTI Successfully Deploys Garbled Circuits on Blockchain Ahead of V2 Launch

Web3 infrastructure development firm COTI announced the successful demonstration of garbled circuits on the blockchain. Garbled circuits bring on-chain privacy with a computation speed up to 1,000 times faster than other encryption systems like fully homomorphic encryption (FHE) The digital fintech platform said deploying the new encryption system creates a Web3 environment, allowing users access to on- chain immutability while maintaining complete privacy. This feat has never been accomplished in a scalable way, the firm said.

Source: Mandy Williams, 2024-02-21; https://cryptopotato.com/coti-successfully-deploys-garbled-circuits-on-blockchain-ahead-of-v2-launch/

Entering Top 150 ETFs: BlackRock’s IBIT Bitcoin Fund Surpasses $10 Billion in AUM

BlackRock’s IBIT spot Bitcoin exchange-traded fund (ETF) has reached $10 billion in assets under management (AUM) within seven weeks of its launch on January 11. The fund now holds over 162,000 Bitcoin, making it one of the few ETFs to surpass the $10billion mark. Only about 150 out of 3,400 ETFs have > $10bil AUM. The vast majority of those launched 10+yrs ago. IBIT could hit this mark in 7 weeks. — Nate Geraci (@NateGeraci) January 11, 2015

Source: Wayne Jones, 2024-03-02; https://cryptopotato.com/entering-top-150-etfs-blackrocks-ibit-bitcoin-fund-surpasses-10-billion-in-aum/

How to Bridge Crypto to Solana? Step by Step Guide to the Top Solana Bridges

Solana is one of the most popular blockchain ecosystems in the industry. As the network grows, more users from other blockchains migrate their coins to Solana. Many cross-chain bridges exist to transfer their crypto from different blockchains. The question, then, is, what bridge should you use? And most importantly, what is the correct way of doing it? This guide will serve as a blueprint for you as we answer these and other crucial questions. The term might be self-explanatory, but a cross-Chain bridge allows you to transfer the native assets from Blockchain A to Blockchain B to perform multiple activities.

Source: Jose Oramas, 2024-01-26; https://cryptopotato.com/solana-bridges-guide/

Angel Drainer Strikes Again: $400,000 Stolen from 128 Crypto Wallets with New Attack Vector

The Angel Drainer phishing group reportedly pilfered over $400,000 from 128 crypto wallets using a new tactic. A recent analysis suggests that the notorious entity exploited Etherscan’s verification tool to mask the malicious nature of a smart contract. Blockaid, a popular blockchain security company, disclosed on X (formerly Twitter) that the attack kicked off at 6:40 am on February 12, 2024. The security firm promptly notified Safe of the attack and was actively engaged in mitigating any potential further damage.

Source: Chayanika Deka, 2024-02-19; https://cryptopotato.com/angel-drainer-strikes-again-400000-stolen-from-128-crypto-wallets-with-new-attack-vector/

Following ETH’s Recent Explosion Above $3K, This is the Next Important Target (Ethereum Price Analysis)

Einsteinia has recently experienced a notable upswing, surging past key resistance levels, including the $2.8K mark. This upward movement suggests a prevailing bullish sentiment in the market, with investors eyeing the crucial yearly swing high of $3.6K as the next target. Despite the optimism, there’s a cautious note regarding a potential expanded bearish divergence between the price and the RSI indicator. This suggests a likelihood of short to mid-term correction or consolidation before Ethereum makes its next significant move.

Source: CryptoVizArt, 2024-02-27; https://cryptopotato.com/following-eths-recent-explosion-above-3k-this-is-the-next-important-target-ethereum-price-analysis/

BNB Chain Launches Secure Multi-Signature Wallet Service

The BNB Safe wallet is based on the Gnosis Safe protocol and now live on BSC + opBNB. It offers a secure way to manage digital assets. Create BNB safe account: Documentation: — BNB Chain (@BNBCHAIN) “We’re launching the BNB safewise wallet.” “It’s a multi-sig wallet. We’ve got a number of different types of wallets.’ ““ “ ” � “We have a lot of different kinds of wallets,” he said. “I’m looking for one that works for everyone.“”

Source: Wayne Jones, 2023-10-31; https://cryptopotato.com/bnb-chain-launches-secure-multi-signature-wallet-service/

Despite Bitcoin’s Soaring Success, Critics Still Lurking

European Central Bank advisors have described the U.S. Securities and Exchange Commission’s approval of spot Bitcoin exchange-traded funds in January as “the naked emperor’s new clothes” The advisors, Ulrich Bindseil, ECB Director General for Market Infrastructure and Payments, and Advisor Jürgen Schaaf, criticized Bitcoin, outlining its unsuitability as a means of investment or payment. They expressed concern over the prospect of another boom and bust cycle for the asset, labeling it a dire outlook with potentially massive collateral damage.

Source: Wayne Jones, 2024-02-25; https://cryptopotato.com/despite-bitcoins-soaring-success-critics-still-lurking/

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