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Ripple CTO David Schwartz Debuts Trading Bot Based on XRPL AMM
CoinGape (RSS)

David Schwartz, the Chief Technology Officer at Ripple, has unveiled a fresh AI-powered trading bot. This advanced concept adheres to an algorithm from XRP Ledger AMM and is designed to have the same functionality. The primary design feature of this bot is its capability to act effectively and reliably on centralized exchange markets. Schwartz performed preliminary testing there, primarily focusing on Solana trading.

The initial phase of the application’s development left David Schwartz with a solid conclusion that “it’s really rough now.” In this regard, he opined that the GitLab link was needed since this would enable the public to review the code. This ...

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Reddit IPO Success To Fuel Company’s AI Exploration: Report
CoinGape (RSS)

After a successful Reddit IPO, the company is now embarking upon AI and advertisement opportunities. According to Yahoo Finance, Reddit CEO Steve Huffman revealed that the company will now be focusing on AI projects and more for future growth plans.

Reddit to Keep AI Growth on Cards
Huffman claims that Reddit is actively seeking new partnerships that feed its data to large language models (LLMs), but the company’s primary goal is to increase its share of the advertising market. The claim comes at a time when other tech giants like Google and Microsoft are also trying to mint AI revenue in the future.

Reedit IPO Sees Good Success
Reddit’s stock began trading at $47 a share after it was listed on the New York Stock Exchange today. The company’s shares debuted in trading ab...

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BlackRock BUIDL Platform Stained By 0.97 ETH Tornado Cash Inflow
CoinGape (RSS)

BlackRock Inc’s newly launched institutional cryptocurrency fund allegedly received 0.97 Ethereum (ETH) via Tornado Cash, a popular crypto mixer known for facilitating money laundering. 

Unsolicited ETH Transaction Into BUIDL
On Tuesday, it was reported that investment asset management firm BlackRock sent a filing to the United States Securities and Exchange Commission (SEC) informing the agency of its newly created tokenized asset fund. The new fund which is dubbed BlackRock USD Institutional Digital Liquidity Fund (BUIDL) emerged in alliance with Securitize, a renowned financial service provider. 

As a reputable asset manager, the introduction of BlackRock’s tokenized asset fund drew massive a...

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‘Am I sorry? No’ — 3AC founder. $6B BTC laundered for fast food worker: Asia Express
Cointelegraph.com News (RSS)

“Companies go bankrupt all the time,” says 3AC founder, Brit found guilty of laundering $6B in Bitcoin for fast food worker: Asia Express
Bitcoin halving will be a litmus test for inefficient ops: Mining execs
Cointelegraph.com News (RSS)

Major mining firms expect the Bitcoin halving to reduce profitability and cause an increase in network fees, which could challenge the existence of less efficient miners.
Estonian Government Approves Bill for Crypto Regulation
CoinGape (RSS)

The Estonian government has approved a bill aimed at overseeing cryptocurrency service providers. This legislation aligns with the nation’s financial oversight with the European Union’s Markets in Crypto-Assets (MiCA) regulations. The bill, however, awaits a parliamentary vote to become law.

New Supervisory Framework
The proposed bill will put in place a strong regulatory framework transferring the oversight of cryptocurrency service providers from the Financial Intelligence Unit (FIU) to the Financial Supervision Authority (FSA). In the past, FIU used to register cryptocurrency service providers, which was mainly focused on compliance with Anti-Money Laundering (AML) measures.

Accordingly, the shift to FSA supervision implies a change to the more comprehensive regulation of the crypto industry...

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US DOJ Charges Texas Man For Meta-1 Coin Scam
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The United States Department of Justice (DOJ) has charged a Texas man for orchestrating the Meta-1 Coin scam that led to users losing over $10 million. 

A recent press release by the Department disclosed that Robert Dunlap was indicted in Chicago on counts of mail fraud as the case unraveled. Dunlap was arrested in Virginia before being ordered by the District Court for the Eastern District of Virginia to be transferred to Chicago.

Charged with four counts of mail fraud, he faces a risk of 20 years per charge according to the DOJ. The Department added that if convicted, the court must impose reasonable sentences under federal statutes and sentencing guidelines.

How Meta-1 Coin Scam Unfolded
According to reports, Dunlap worked in partnership with others to sell an asset called Meta-1 C...

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Internet Computer (ICP) Demonstrates First Blockchain AI Smart Contract
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Internet Computer (ICP) CEO and Chief Scientist Dominic Williams took to X to showcase a demonstration of the parent company, DFinity’s latest Artificial Intelligence (AI) innovation.

DFinity’s AI In Building Phase
According to Williams’ post, ICP has introduced the first blockchain-based AI smart contract. He described the new product as “a demonstration of AI running *on* blockchain as a smart contract.” 

“The Internet Computer is used – the world’s first 3rd gen. blockchain #ICP. AI will become the beating heart of our web3, multi-chain world, and this is only my first demo,” the ICP boss added.

Markedly, the Internet Computer AI is a part of the protocol’s mission to develop a system where powerful Large Language Models (LLMs) run as smart contracts on the ICP. Also, it is expected that this mission is achieved in such a way that it is tamperproof, unstoppable, and optionally autonomous...

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Elon Musk (Twitter)

RT @cb_doge: 𝕏 is adding new filters to the job search!

via @nima_owji
Elon Musk (Twitter)

When sending medical advice, ask your doctor, but also ask an experienced nurse.

Nurses are underrated.
Media is too big
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Elon Musk (Twitter)

RT @MattWalshShow: Squatters Can Now Come In And Steal Your Home With No Consequences
Sleeper ICO-era project becomes 3rd most actively developed crypto app
Cointelegraph.com News (RSS)

A decentralized messaging app has soared into the top three most actively-developed crypto projects of the last month.
Polkadot Launches PINK Memecoin, Airdrops to Parachain Teams
CoinGape (RSS)

Polkadot has announced the launch of its new community token, PINK, a memecoin aimed at fostering participation and growth within its ecosystem. This initiative marks a significant step for Polkadot as it seeks to engage its community further and enhance the network’s collaborative spirit.

The launching of PINK is marked by a planned airdrop to parachain teams, which is symbolic of a community-centric distribution of tokens at the development of the ecosystem.

...

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