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BlockFi’s Zac Prince opens up about bankruptcy and new role
Cryptopolitan (RSS)

In a recent update, Zac Prince, the founder and former CEO of the now-bankrupt cryptocurrency lender BlockFi, has shared insights into the company’s bankruptcy proceedings and his future career plans. Prince’s silence until now was a strategic decision to allow the bankruptcy process to unfold without external interference.

Successful bankruptcy proceedings and future plans

Prince highlighted the success of the bankruptcy process, noting that BlockFi wallet account holders have seen 100% distributions. He also mentioned that the initial distributions for interest account clients have begun, with the potential for these recipients to recover up to 100% of their accounts. The extent of recovery for interest account clients largely depends on the potential distribution from the FTX est...

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Vitalik Buterin advocates quantum-proofing Ethereum blockchain
Cryptopolitan (RSS)

In a recent development, Ethereum co-founder Vitalik Buterin has shared insights into the platform’s strategy to combat potential quantum computing threats. This move comes amid growing concerns over the security of cryptographic systems against the advancing capabilities of quantum technology. Buterin’s approach focuses on enhancing Ethereum’s resilience through strategic updates and the integration of quantum-resistant cryptographic methods.

Vitalik Buterin proposes hard fork for Ethereum’s safety

Buterin has identified the primary risk to Ethereum as stemming from its current cryptographic foundation, which quantum computing could potentially exploit. The nature of ETH addresses and the cryptographic functions that secure them are at the heart of this vulnerability.

In response, Buterin proposes a combi...

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Solana Competitors That Can Outperform SOL Growth In 2024
Cryptopolitan (RSS)

Bitcoin ETFs have recently hit record levels under Gary Gensler’s leadership at the SEC. In connection with this event, the crypto market appears to be diversifying its strengths. Several of Solana’s competitors are showing potential for significant performance in 2024, demonstrating the shifting dynamics within the digital asset landscape.

BlastUP Presale Exceeds $1 Million: Anticipating the Next Big Thing in Crypto

BlastUP, the premier launchpad on Blast, has recently made a splash in the crypto world with its head-spinning outset, raising  over $1 million in a few weeks. This project is creating a buzz and attracting the growing number of early investors who have already recognized BlastUP’s high potential.

BlastUP is poised to reach roaring success, with plans to empower Web3 tools with AI innovation for fast and quality startup launches. It offers a comprehensive suite of tools and a ...

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Will Microsoft’s AI Filters Transform Your Video Experience?
Cryptopolitan (RSS)

In the realm of technological innovation, Microsoft stands at the forefront, continuously pushing the boundaries of what’s possible. With the eagerly awaited Build 2024 conference on the horizon, whispers and speculations abound regarding the tech giant’s next move. Amidst the buzz, a fascinating revelation has emerged concerning Microsoft’s potential plans to integrate AI-powered video filters into its ecosystem. This groundbreaking development, brought to light by XenoPanther’s keen observation of Windows files, hints at a future where users could seamlessly transform themselves into various styles using advanced AI algorithms.

Microsoft’s potential leap into AI-powered video filters

Rumors surrounding Microsoft’s foray into AI-powered video filters gained traction following a recent discovery made by XenoPanther, an astute observer within the tech community. Delving into the intricacies of Windows fil...

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Buckle Up For March Madness: Polygon (MATIC) And Cardano (ADA) Price Set To Soar In March, Retik Finance (RETIK) Holds Strong As Top Pick
Cryptopolitan (RSS)

As March unfolds, the cryptocurrency market gears up for what promises to be an exhilarating period of price action. Among the myriad of digital assets making waves, two prominent contenders stand out: Polygon (MATIC) and Cardano (ADA). Additionally, Retik Finance (RETIK) emerges as a top pick, poised to maintain its momentum in the ever-evolving world of decentralized finance (DeFi). Let’s delve into the factors driving the potential surge in prices for MATIC and ADA, as well as the continued strength of RETIK.

Polygon (MATIC): Scaling New Heights

Polygon, formerly known as Matic Network, has cemented its position as a premier layer-2 scaling solution for the Ethereum blockchain. With Ethereum facing scalability challenges and high transaction costs, Polygon offers a compelling solution by providing a framework for const...

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Are Global Companies Equipped to Tackle Emerging AI-Driven Cyber Threats? New Study Reveals Insights
Cryptopolitan (RSS)

In a groundbreaking revelation, a recent study conducted by cybersecurity firm Darktrace exposes the vulnerability of global corporations to AI-enhanced cyber threats. Despite the heightened awareness surrounding the evolving cyber landscape and the looming specter of AI-augmented attacks, a staggering majority of IT and security teams remain ill-prepared to fend off these sophisticated assaults.

Darktrace study – Unveiling trends in AI-augmented cyber threats

New research from Darktrace underscores the growing threat posed by AI-augmented cyber attacks, shedding light on the concerning gap between awareness and preparedness among global companies. The study, based on a comprehensive survey of 1,773 IT professionals and an in-depth analysis of customer data, reveals a stark reality: while 89% of respondents anticipate significant impacts from AI-boosted threats wit...

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Leading DeFi Platform Algotech (ALGT) Raised $2 Million in Few Weeks, Outshines Retik Finance (RETIK)
Cryptopolitan (RSS)

Retik Finance has emerged as a promising project, with its 10-stage presale ending with raising $31 Million. Retik Finance features a solid blockchain infrastructure with a variety of decentralized financial services like lending, borrowing, trading, and earning money through yield farming. 

Now that Retik Finance’s presale is over and the token is priced at $0.12, many investors are focusing on other significant DeFi projects still in their presale stage with the potential for massive gains. 

Emerging DeFi Platform Algotech Outshines Retik Finance

Retik’s showed impressive performance in the presale due to its narrative of integrating DeFi into everyday transactions. Retik Finance’s ecosystems and communities are expanding rapidly. Despite RETIK’s successful seed round, an emerging ...

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Shiba Inu Whale Is Bullish On These Crypto Picks
Cryptopolitan (RSS)

The Bitcoin record has been making waves recently, as the world waits for Gary Gensler and the SEC’s decision on Bitcoin ETFs. This monumental event closely aligns with the mysterious Shiba Inu whale’s bullish behavior towards selected cryptos. Their picks signal potential shifts in the crypto landscape, tying into the conversation surrounding SEC’s impending move.

BlastUP Presale Exceeds $1 Million: Anticipating the Next Big Thing in Crypto

BlastUP, the premier launchpad on Blast, has recently made a splash in the crypto world with its head-spinning outset, raising  over $1 million in a few weeks. This project is creating a buzz and attracting the growing number of early investors who have already recognized BlastUP’s high potential.

BlastUP is poised to reach roaring success, with plans to empower Web3 tools with AI innovation for fast and quality startup launches. It offers a comprehensive suite of...

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Will AI-Driven Financial Audits Transform DoD’s Fiscal Accountability? Congressman Proposes Audit Legislation
Cryptopolitan (RSS)

In a bid to address the ongoing challenge of achieving a clean financial audit within the Department of Defense (DoD), Representative David Schweikert from Arizona has unveiled a groundbreaking proposal aimed at implementing an AI-driven financial audit. The proposed legislation, dubbed the Algorithms Utilized to Detect Institutional Transactions (AUDIT) Act, seeks to revolutionize the auditing process within the DoD by mandating the integration of artificial intelligence (AI) technologies. With the DoD grappling with consecutive years of audit failures and soaring costs, Schweikert’s initiative aims to harness AI capabilities to streamline internal reviews, cut down expenditures, and bolster governmental accountability.

The need for innovation

Amidst the persistent struggles of the Department of Defense to secure a clean financial audit, Representative Da...

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Optimism Around Spot Ethereum ETF Approval Waning Down, Can ETH Price Rally Continue?
CoinGape (RSS)

Last week, Ethereum attempted a surge past $4,000 levels, however, faced selling pressure at this point and has partially retraced back. At press time, the Ethereum (ETH) price is trading 2% down at $3,866 with a market cap of $464 billion. All eyes are currently on the Etheruem Dencun upgrade scheduled to go live on the mainnet ahead of this week. However, the optimism around spot Ethereum ETF seems to waning down with time.

Spot Ethereum ETF Approval Unlikely?
Fox Business Journalist Eleanor Terret shared her observations stating that optimism surrounding the approval of spot Ethereum ETFs by the U.S. Securities and Exchange Commission before May 23rd appears to be diminishing.

Conversations with knowledgeable individuals indicate that recent meetings have been largely one-sided...

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Shiba Inu Burn Soars 300% Amid SHIB ETF Buzz, $0.0001 Imminent?
CoinGape (RSS)

In what comes as a push to boost Shiba Inu’s cryptographic venture further, the Shiba crypto community noted a colossal surge in their token’s burn rate today, garnering significant attention among crypto market traders and investors globally. As per insights unveiled by the meme coin’s burn tracker Shibburn, a nearly 300% surge in the SHIB burn rate fueled optimism for Shiba Inu’s price action ahead.

Although the token traded primarily in the red as of writing, its community’s recent advancements, continued burning, and the scaling of the $0.00003 mark collectively birthed a tidal wave of market optimism for Shiba Inu. Notably, a highly bullish sentiment for the token’s run to the $0.0001 mark has also prevailed within the market ever since SHIB broke above the $0.00001 barrier.

Meanwhile, with a potential SHIB ETF looming over the crypto horizon, the Shiba crypto community continued to showcase efforts t...

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Coinbase and Grayscale in talks with SEC on Spot Ethereum ETF rule change
Cryptopolitan (RSS)

Coinbase and Grayscale have been knocking on the SEC’s door, pitching a game-changer for the Ethereum market. They are pushing the boundaries of what’s possible in the world of finance with a spot Ethereum exchange-traded fund (ETF).

After the dust settled on the spot Bitcoin ETF celebrations, Grayscale and Coinbase decided it was Ethereum’s turn on the stage. Like it did with Bitcoin, Grayscale has been pushing to morph its Ethereum Trust into an ETF. This would be an investment vehicle that mirrors the market price of Ethereum, making it as easy to buy as stocks, minus the headache of managing digital wallets.

Now, why is this a big deal? For starters, Ethereum is a powerhouse with a massive following and an ecosystem th...

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Can We Trust AI-Generated News? A Closer Look at the Israeli Prime Minister’s Psychiatrist Story
Cryptopolitan (RSS)

In a bizarre turn of events, a captivating tale about the supposed suicide of Israeli Prime Minister Benjamin Netanyahu’s psychiatrist has flooded the online sphere, igniting a storm of controversy. The AI-generated news story, which initially surfaced in 2010, resurfaced this week, coinciding with heightened tensions in the Middle East due to the Israeli invasion of Gaza. The suicide note allegedly left by the therapist accuses Netanyahu of draining the life out of him, adding a sinister layer to an already complex geopolitical landscape.

In light of the ongoing situation in Gaza and the profound human crisis attributed to Israel, divergent opinions persist regarding the veracity of recent news reports, despite assertions from numerous sources that the information originated from an antiquated satirical blog. The recent surge in social media shares and discussions surr...

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Crypto Prices Today March 11: Bitcoin Drops To $68K, Ethereum At $3,800, SOL, XRP, PEPE Dip
CoinGape (RSS)

The top crypto prices today registered a bearish turn as the Bitcoin (BTC) price slumped to the $68,000 level after attaining a peak at $70,000. In addition, the Ethereum price dropped below the $3,900 mark. Meanwhile, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) dipped in value.

Major Crypto Prices Today
The Bitcoin price sustained above $68,000 despite the pullback The Bitcoin price was down by 1.50%, reaching $68,508.25 at the time of writing on Monday, March 11. On the other hand, it’s trading volume surged by 43.47% to $36.63 billion in the last 24 hours. Meanwhile, the crypto boasted a market cap of $1.34 trillion.

In the altcoin arena, the Ethereum price dropped 2.54% to $3,854.68 at press time with a market valuation of $462.93 billion. Whilst, ETH saw its...

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Crypto Phishing Attacks Over $1 Million Drop By 75% In February
CoinGape (RSS)

As the cryptocurrency market continues to see more adoption, there’s also been a surge in crypto phishing attacks taking place in the market. However, the industry has shown some developments during the month of February with the large amounts of thefts significantly under control.

Crypto Phishing Attacks Steal $47 Million
According to the latest phishing report by ScamSniffer for the month of February, approximately 57,000 individuals fell victim to crypto phishing scams, resulting in losses totaling around $47 million.

Compared to the previous month of January, the number of victims losing over $1 million decreased by a significant 75%.
US CPI Data on Tuesday To Influence Crypto Market Movement This Week
CoinGape (RSS)

This week, the United States is set to unveil significant inflation metrics, encompassing February’s unadjusted core CPI annual rate, February PPI annual rate, one-year inflation rate expectations, and more. According to CME, the likelihood of the FOMC maintaining unchanged interest rates on March 20 stands at a remarkable 97%.

Crypto Market Rally Pauses Before US CPI Data Release
After a strong rally last week, the broader cryptocurrency market is taking a pause at this time. The top two cryptocurrencies – Bitcoin and Ethereum – have retraced from their respective highs of $70,000 and $4,000 respectively. A similar pullback is visible across other altcoins that rallied strongly last week.

Tuesday’s release of the US CPI (consumer price index) data will take center stage in this week’s economic reports. Projections suggest the core prices index may rise by 0.3% in February compared to the previous mon...

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