Bitcoin developers set to draft guide for BRC-20 tokens
Cryptopolitan (RSS)
The growing popularity of Bitcoin and the emergence of new meme coins on its blockchain have catalyzed a collaborative effort among Bitcoin developers to establish and formalize the BRC-20 fungible token standard. This initiative is led by the recently formed Layer 1 Foundation, which aims to ensure transparency and trust within the protocol to facilitate future growth.
Bitcoin developers establish BRC-20 token standard
Co-founded by the pseudonymous BRC-20 creator known as Domo, the Layer 1 Foundation boasts participation from various notable entities in the cryptocurrency space, including Hiro, Alex Labs, Oyl Dynamics, Allium Labs, and UTXO Management. Key figures such as Bitcoin wallet developer Unisat and Ordinals aggregator Best in Slot have been appointed to jointly oversee the maintenance of the BRC-20 protocol under the foundation’s au...
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Cryptopolitan (RSS)
The growing popularity of Bitcoin and the emergence of new meme coins on its blockchain have catalyzed a collaborative effort among Bitcoin developers to establish and formalize the BRC-20 fungible token standard. This initiative is led by the recently formed Layer 1 Foundation, which aims to ensure transparency and trust within the protocol to facilitate future growth.
Bitcoin developers establish BRC-20 token standard
Co-founded by the pseudonymous BRC-20 creator known as Domo, the Layer 1 Foundation boasts participation from various notable entities in the cryptocurrency space, including Hiro, Alex Labs, Oyl Dynamics, Allium Labs, and UTXO Management. Key figures such as Bitcoin wallet developer Unisat and Ordinals aggregator Best in Slot have been appointed to jointly oversee the maintenance of the BRC-20 protocol under the foundation’s au...
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Popular rapper Drake shares insight on Bitcoin’s future, highlights Michael Saylor’s views
Cryptopolitan (RSS)
Drake, the Canadian rapper with over 146 million followers on Instagram, recently shared a clip of Michael Saylor’s CNBC interview discussing Bitcoin. The clip, originally posted by bitcoin_memes_daily with the caption “Michael Saylor on Bitcoin,” features Saylor’s insights on Bitcoin as a superior store of value compared to gold. This share by Drake, known as “champagnepapi” on Instagram, marks a significant moment of celebrity engagement with cryptocurrency content during this bull market period.
Cryptopolitan (RSS)
Drake, the Canadian rapper with over 146 million followers on Instagram, recently shared a clip of Michael Saylor’s CNBC interview discussing Bitcoin. The clip, originally posted by bitcoin_memes_daily with the caption “Michael Saylor on Bitcoin,” features Saylor’s insights on Bitcoin as a superior store of value compared to gold. This share by Drake, known as “champagnepapi” on Instagram, marks a significant moment of celebrity engagement with cryptocurrency content during this bull market period.
Goldman Sachs, BNY Mellon, and leading firms pilot blockchain technology for assets
Cryptopolitan (RSS)
Digital Asset, a prominent blockchain technology firm, recently completed a pilot test of its Canton Network, showcasing its capabilities with the participation of major financial institutions, including Goldman Sachs, BNY Mellon, DRW, Oliver Wyman, and Paxos. The test involved a broad spectrum of participants, totaling 15 asset managers, 13 banks, four custodians, and three exchanges, to explore the potential of blockchain in enhancing the efficiency of financial transactions.
The Canton Network pilot successfully executed over 350 simulated transactions, covering a wide range of financial activities such as the handling of tokenized assets, fund registry, digital cash, repo, securities lending, and margin management transactions, according to a press release on Tuesday.
Furthermore, this exercise demonstrated the netwo...
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Cryptopolitan (RSS)
Digital Asset, a prominent blockchain technology firm, recently completed a pilot test of its Canton Network, showcasing its capabilities with the participation of major financial institutions, including Goldman Sachs, BNY Mellon, DRW, Oliver Wyman, and Paxos. The test involved a broad spectrum of participants, totaling 15 asset managers, 13 banks, four custodians, and three exchanges, to explore the potential of blockchain in enhancing the efficiency of financial transactions.
The Canton Network pilot successfully executed over 350 simulated transactions, covering a wide range of financial activities such as the handling of tokenized assets, fund registry, digital cash, repo, securities lending, and margin management transactions, according to a press release on Tuesday.
Furthermore, this exercise demonstrated the netwo...
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“Killer Whales” – The first Crypto Reality TV Show to hit mainstream streaming platforms.
Cryptopolitan (RSS)
Los Angeles, United Kingdom, March 12th, 2024, Chainwire
The revolutionary television experience, “Killer Whales” hits mainstream streaming platforms, merging the captivating world of cryptocurrency with the thrill of reality television.
This innovative show promises to capture the hearts and minds of audiences everywhere with its unique blend of high-stakes crypto pitches and gripping human drama.
“Killer Whales” brings together the dynamic worlds of cryptocurrency and reality TV like never before, offering viewers an edge-of-your-seat journey into the heart of blockchain innovation as budding tech entrepreneurs pitch their crypto and NFT projects to a panel of industry experts in the hope of achieving as many ‘Swim’ votes as possible and avoiding the dreaded ‘Sink’ vote. From seasoned crypto enthusiasts to newcomers eager to dive into the world of digital assets, t...
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Cryptopolitan (RSS)
Los Angeles, United Kingdom, March 12th, 2024, Chainwire
The revolutionary television experience, “Killer Whales” hits mainstream streaming platforms, merging the captivating world of cryptocurrency with the thrill of reality television.
This innovative show promises to capture the hearts and minds of audiences everywhere with its unique blend of high-stakes crypto pitches and gripping human drama.
“Killer Whales” brings together the dynamic worlds of cryptocurrency and reality TV like never before, offering viewers an edge-of-your-seat journey into the heart of blockchain innovation as budding tech entrepreneurs pitch their crypto and NFT projects to a panel of industry experts in the hope of achieving as many ‘Swim’ votes as possible and avoiding the dreaded ‘Sink’ vote. From seasoned crypto enthusiasts to newcomers eager to dive into the world of digital assets, t...
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Shiba Inu Coin Price Prediction: Can SHIB Overcome Recent Dip to Reach New Peak?
CoinGape (RSS)
Shiba Inu Coin Price Prediction: SHIB has recently captured the spotlight in the cryptocurrency market, marking a significant bullish trend. This meme coin soared past the $0.00003 resistance level, achieving an impressive 250% increase this month.
This remarkable growth has drawn widespread interest from both crypto enthusiasts and investors. Despite its remarkable ascent, Shiba Inu has seen some price volatility on the last day and is undergoing a slight correction. In the past day, Shiba Inu’s value has dipped to $0.00003067, with a 5% decline.
Shiba Inu Price Prediction: Analyzing the Recent Market Correction
Over the last week, its price has fluctuated, showing signs of both declines and gains without clear direction. The Shiba Inu Coin price has slightly fallen by 3.94%, showcasing a period of stagnation.
...
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CoinGape (RSS)
Shiba Inu Coin Price Prediction: SHIB has recently captured the spotlight in the cryptocurrency market, marking a significant bullish trend. This meme coin soared past the $0.00003 resistance level, achieving an impressive 250% increase this month.
This remarkable growth has drawn widespread interest from both crypto enthusiasts and investors. Despite its remarkable ascent, Shiba Inu has seen some price volatility on the last day and is undergoing a slight correction. In the past day, Shiba Inu’s value has dipped to $0.00003067, with a 5% decline.
Shiba Inu Price Prediction: Analyzing the Recent Market Correction
Over the last week, its price has fluctuated, showing signs of both declines and gains without clear direction. The Shiba Inu Coin price has slightly fallen by 3.94%, showcasing a period of stagnation.
...
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AI News: Google Gemini Chatbot Implements Restrictions on Election-Related Queries
CoinGape (RSS)
Google’s Gemini chatbot will “roll out restrictions on the types of election-related queries” that the AI chatbot would respond to. The news comes after the surge in artificial intelligence (AI)-generated content caused major concerns about disinformation during the election, according to a CNBC article.
Google Restricts Gemini Chatbot Response to Election Queries
According to a blog post by the company, Google said that it will limit the kinds of election-related questions that users can pose to its Gemini chatbot. It also mentioned that the adjustments have already been implemented in the United States and India. These countries are set for elections which will be scheduled for this spring. According to a Google representative who talked with CNBC, the adjustments...
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CoinGape (RSS)
Google’s Gemini chatbot will “roll out restrictions on the types of election-related queries” that the AI chatbot would respond to. The news comes after the surge in artificial intelligence (AI)-generated content caused major concerns about disinformation during the election, according to a CNBC article.
Google Restricts Gemini Chatbot Response to Election Queries
According to a blog post by the company, Google said that it will limit the kinds of election-related questions that users can pose to its Gemini chatbot. It also mentioned that the adjustments have already been implemented in the United States and India. These countries are set for elections which will be scheduled for this spring. According to a Google representative who talked with CNBC, the adjustments...
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Bitcoin ETF: SEC Declares First Trust’s Application “Abandoned”
CoinGape (RSS)
After several months of lying fallow, First Trust SkyBridge Bitcoin ETF has been declared “abandoned” by the United States Securities and Exchange Commission (SEC).
Abandoned ETF Application
According to the screenshot shared by senior Bloomberg ETF analyst Eric Balchunas, on March 12, 2024, the U.S. SEC officially ordered that the registration statement for spot Bitcoin ETF of the duo First Trust and SkyBridge be declared as abandoned. The regulator confirmed that First Trust and SkyBridge had jointly filed a registration statement to register securities under Section 6(a) of the Securities Act of 1933.
Before the recent announcement from the U.S. regulator, the application had spent up to nine months on the SEC’s desk and was yet to become effective. First Trust SkyBridge was sent a notification informing them that the registration statement would be declared abandoned if no action is taken to eit...
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CoinGape (RSS)
After several months of lying fallow, First Trust SkyBridge Bitcoin ETF has been declared “abandoned” by the United States Securities and Exchange Commission (SEC).
Abandoned ETF Application
According to the screenshot shared by senior Bloomberg ETF analyst Eric Balchunas, on March 12, 2024, the U.S. SEC officially ordered that the registration statement for spot Bitcoin ETF of the duo First Trust and SkyBridge be declared as abandoned. The regulator confirmed that First Trust and SkyBridge had jointly filed a registration statement to register securities under Section 6(a) of the Securities Act of 1933.
Before the recent announcement from the U.S. regulator, the application had spent up to nine months on the SEC’s desk and was yet to become effective. First Trust SkyBridge was sent a notification informing them that the registration statement would be declared abandoned if no action is taken to eit...
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Avalanche Price Rally Eyes $90 As Buyers Clear 600-day Resistance
CoinGape (RSS)
AVAX Price Prediction: AVAX, the cryptocurrency of layer one blockchain witnessed a notable inflow within a week, highlighted by two long green candles in the daily chart. This upswing recorded 33% and surpassed the neckline resistance of the cup and handle pattern at $50. This breakout signals the buyer’s escape from two years-long accumulation and the start of a sustainable uptrend.
What’s Ahead for AVAX after $50 Breakout?
Avalanche Price| Tradingview
The Avalanche coin is now riding a steady recovery initiated in late January when the price rebounded from $27.24. A V-shaped recovery from this support surged the altcoin 109 within seven weeks to reach $56, while the market cap soared to $21.3 Billion.
An analysis of the daily chart shows this upswing breaks the neckline...
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CoinGape (RSS)
AVAX Price Prediction: AVAX, the cryptocurrency of layer one blockchain witnessed a notable inflow within a week, highlighted by two long green candles in the daily chart. This upswing recorded 33% and surpassed the neckline resistance of the cup and handle pattern at $50. This breakout signals the buyer’s escape from two years-long accumulation and the start of a sustainable uptrend.
What’s Ahead for AVAX after $50 Breakout?
Avalanche Price| Tradingview
The Avalanche coin is now riding a steady recovery initiated in late January when the price rebounded from $27.24. A V-shaped recovery from this support surged the altcoin 109 within seven weeks to reach $56, while the market cap soared to $21.3 Billion.
An analysis of the daily chart shows this upswing breaks the neckline...
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AI News: Cognition Labs Unleashes Devin, World’s First AI Software Engineer
CoinGape (RSS)
A one-of-its-kind Artificial Intelligence (AI) model has been introduced by a new startup called Cognition AI.
Cognition AI Touts Devin’s Super Capabilities
The newly launched applied AI lab debuted the first AI software engineer dubbed Devin. Described as a “state-of-the-art” tool, Devin has been screened by several top AI companies and has even completed its practical engineering interviews hosted by these entities. For a test run, the artificial intelligence software engineer from Cognition AI has successfully done real-time jobs on the freelance platform Upwork.
According to Cognition AI, Devin can perform autonomous coding and also fine-tune its AI models. While it shares certain similarities with GitHub and ...
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CoinGape (RSS)
A one-of-its-kind Artificial Intelligence (AI) model has been introduced by a new startup called Cognition AI.
Cognition AI Touts Devin’s Super Capabilities
The newly launched applied AI lab debuted the first AI software engineer dubbed Devin. Described as a “state-of-the-art” tool, Devin has been screened by several top AI companies and has even completed its practical engineering interviews hosted by these entities. For a test run, the artificial intelligence software engineer from Cognition AI has successfully done real-time jobs on the freelance platform Upwork.
According to Cognition AI, Devin can perform autonomous coding and also fine-tune its AI models. While it shares certain similarities with GitHub and ...
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CPI Report Reaction: Market Bets on Fed Rate Cut Fall As US Inflation Climbs
CoinGape (RSS)
Market speculations on how the Fed rate cuts will be rolled out this year have been dwindling since the release of today’s CPI data. A hotter-than-expected inflation print has kept market sentiments under pressure, raising concerns about the interest rates will stay higher for longer.
US CPI Comes Hotter Than Expected
As CoinGape previously reported, the U.S. Bureau of Labor Statistics released the much-needed Consumer Price Index (CPI) inflation figures for February, revealing higher-than-expected US inflation of 3.2%. Annual core CPI inflation, on the other hand, decreased even further to 3.8% from 3.9% last month—a greater percentage than anticipated at 3.7%. The monthly rate of 0.4% is in line with January’s rate of 0.4%, exceeding market expectations. The US is still experiencing a slow deflation process, despite...
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CoinGape (RSS)
Market speculations on how the Fed rate cuts will be rolled out this year have been dwindling since the release of today’s CPI data. A hotter-than-expected inflation print has kept market sentiments under pressure, raising concerns about the interest rates will stay higher for longer.
US CPI Comes Hotter Than Expected
As CoinGape previously reported, the U.S. Bureau of Labor Statistics released the much-needed Consumer Price Index (CPI) inflation figures for February, revealing higher-than-expected US inflation of 3.2%. Annual core CPI inflation, on the other hand, decreased even further to 3.8% from 3.9% last month—a greater percentage than anticipated at 3.7%. The monthly rate of 0.4% is in line with January’s rate of 0.4%, exceeding market expectations. The US is still experiencing a slow deflation process, despite...
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VanEck Bold Fee Cut Wins $119M Inflow into Bitcoin ETF
CoinGape (RSS)
VanEck Bitcoin Trust (HODL), the VanEck Bitcoin ETF, recorded an unmatched daily inflow on Monday. This rally occurred immediately after the asset manager had declared a brave decision to waive management fees for 0% for an entire year. The reduction from the earlier rate of 0.2% is expected to remain effective until March 31, 2025, or until the BTC ETF reaches $1.5 billion in assets under management. The project was aimed at strengthening the fund’s attractiveness relative to the growing number of Bitcoin ETFs that were newly launched.
The VanEck Bitcoin Trust gathered another $119 million on the day of this announcement, adding more than 1,600 bitcoins to its assets. This inflow was the biggest that the ETF had experienced since its...
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CoinGape (RSS)
VanEck Bitcoin Trust (HODL), the VanEck Bitcoin ETF, recorded an unmatched daily inflow on Monday. This rally occurred immediately after the asset manager had declared a brave decision to waive management fees for 0% for an entire year. The reduction from the earlier rate of 0.2% is expected to remain effective until March 31, 2025, or until the BTC ETF reaches $1.5 billion in assets under management. The project was aimed at strengthening the fund’s attractiveness relative to the growing number of Bitcoin ETFs that were newly launched.
The VanEck Bitcoin Trust gathered another $119 million on the day of this announcement, adding more than 1,600 bitcoins to its assets. This inflow was the biggest that the ETF had experienced since its...
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Web Inventor Envisions AI and VR as Internet’s Next Phase
CoinGape (RSS)
In an interview celebrating the 35th anniversary of the World Wide Web, Tim Berners-Lee, the man credited with creating the Internet architecture that transformed digital communication, discussed the future of the Web. His estimates focus on the possible change of the internet influenced by the developments in artificial intelligence (AI), virtual reality (VR), and the idea of spatial computing, indicating that digital communications will become more interactive and customized.
Transformative Role of AI and VR
His first central forecast is connected with AI integration in routine internet use, imagining it as a future where AI assistants will be esteemed instruments ...
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CoinGape (RSS)
In an interview celebrating the 35th anniversary of the World Wide Web, Tim Berners-Lee, the man credited with creating the Internet architecture that transformed digital communication, discussed the future of the Web. His estimates focus on the possible change of the internet influenced by the developments in artificial intelligence (AI), virtual reality (VR), and the idea of spatial computing, indicating that digital communications will become more interactive and customized.
Transformative Role of AI and VR
His first central forecast is connected with AI integration in routine internet use, imagining it as a future where AI assistants will be esteemed instruments ...
View original post
Hong Kong’s Monetary Authority launches its stablecoin sandbox
Cryptopolitan (RSS)
The regulatory sandbox introduced by the Hong Kong Monetary Authority (HKMA) is a significant development in the realm of stablecoin regulation. By providing a controlled environment for testing and development, the sandbox aims to foster innovation while ensuring regulatory compliance and consumer protection.
Hong Kong floats stablecoin sandbox
Stablecoins, which are cryptocurrencies pegged to the value of fiat currencies like the U.S. dollar or the Hong Kong dollar, have gained traction in recent years due to their potential for facilitating faster and cheaper cross-border transactions. However, they also pose regulatory challenges related to issues such as money laundering, terrorist financing, and consumer protection.
The HKMA’s decision to establish a regulatory sandbox reflects its proactive approach to a...
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Cryptopolitan (RSS)
The regulatory sandbox introduced by the Hong Kong Monetary Authority (HKMA) is a significant development in the realm of stablecoin regulation. By providing a controlled environment for testing and development, the sandbox aims to foster innovation while ensuring regulatory compliance and consumer protection.
Hong Kong floats stablecoin sandbox
Stablecoins, which are cryptocurrencies pegged to the value of fiat currencies like the U.S. dollar or the Hong Kong dollar, have gained traction in recent years due to their potential for facilitating faster and cheaper cross-border transactions. However, they also pose regulatory challenges related to issues such as money laundering, terrorist financing, and consumer protection.
The HKMA’s decision to establish a regulatory sandbox reflects its proactive approach to a...
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Yuga Labs’ Ethereum-based NFTs experience a drop in value
Cryptopolitan (RSS)
Yuga Labs, a prominent player in the NFT space, has recently faced challenges as several of its NFT collections, including Mutant Ape Yacht Club (MAYC) and Otherdeed NFTs, have experienced significant declines in ETH valuations. These declines come at a time when other NFT projects, such as CryptoPunks, have seen substantial growth in value.
Yuga Labs NFTs experience a drop in valuations
MAYC, released in August 2021, has seen its floor price drop to 2.4 ETH, down from the initial minting cost of 3 ETH. Similarly, Otherdeed NFTs, which represent virtual land in Yuga Labs’ ape-themed metaverse game, Otherside, have fallen to a floor price of 0.23 ETH, from the initial minting cost of 305 ApeCoin, equivalent to $5,800 at the time of launch.
The situation is mirrored in Yuga Labs’ flagship collection, Bored Ape Yacht Club (BAYC), where the f...
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Cryptopolitan (RSS)
Yuga Labs, a prominent player in the NFT space, has recently faced challenges as several of its NFT collections, including Mutant Ape Yacht Club (MAYC) and Otherdeed NFTs, have experienced significant declines in ETH valuations. These declines come at a time when other NFT projects, such as CryptoPunks, have seen substantial growth in value.
Yuga Labs NFTs experience a drop in valuations
MAYC, released in August 2021, has seen its floor price drop to 2.4 ETH, down from the initial minting cost of 3 ETH. Similarly, Otherdeed NFTs, which represent virtual land in Yuga Labs’ ape-themed metaverse game, Otherside, have fallen to a floor price of 0.23 ETH, from the initial minting cost of 305 ApeCoin, equivalent to $5,800 at the time of launch.
The situation is mirrored in Yuga Labs’ flagship collection, Bored Ape Yacht Club (BAYC), where the f...
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Central Bank of Nigeria’s inability to defend the naira raises concerns
Cryptopolitan (RSS)
The Economic Intelligence Unit (EIU) recently released an analysis of Nigeria’s economic situation, particularly focusing on the challenges faced by the Central Bank of Nigeria (CBN) in stabilizing the local currency, the naira. According to the EIU, the CBN is unable to effectively control the depreciation of the naira, which has been experiencing rapid decline.
Central Bank of Nigeria faces criticism over the naira
This volatility in the exchange rate is expected to lead to unpredictable regulatory measures, posing significant challenges for businesses that rely on foreign exchange. One of the key factors contributing to the instability of the naira is the limited capacity of the CBN to intervene in the foreign exchange market.
Despite having an e...
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Cryptopolitan (RSS)
The Economic Intelligence Unit (EIU) recently released an analysis of Nigeria’s economic situation, particularly focusing on the challenges faced by the Central Bank of Nigeria (CBN) in stabilizing the local currency, the naira. According to the EIU, the CBN is unable to effectively control the depreciation of the naira, which has been experiencing rapid decline.
Central Bank of Nigeria faces criticism over the naira
This volatility in the exchange rate is expected to lead to unpredictable regulatory measures, posing significant challenges for businesses that rely on foreign exchange. One of the key factors contributing to the instability of the naira is the limited capacity of the CBN to intervene in the foreign exchange market.
Despite having an e...
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