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The AI arms race is in full swing, as CNBC reported a Mark Zuckerberg announcement that the Meta Team is developing ChatGPT-like AI for Instagram and WhatsApp. Specifically, the company is putting resources into a generative AI system that could rival the OpenAI product. The news follows a previous announcement from Zuckerberg that the company was entering the space. Stating they are developing a language model, the foundation of any generative AI system. Subsequently, the news of the development of a ChatGPT alternative by Meta was to be expected and should intrigue the market due to its potential integration into the platforms’ host of user applications. Source: Meta-Facebook Meta Gets in on the AI Arms Race Since ChatGPT’s debut in November, the OpenAI-developed system has taken the tech world by storm. Moreover, it has shown the industry how advanced the tech has actually become and opened a new market that has proven to be robust in its limited existence. T...

Feb 27, 2023 at 14:00 // Price Author Coin Idol As altcoins return to previous support levels, selling pressure is prevalent in the cryptocurrency market. The downtrend has slowed down as altcoins try to rise above their respective support levels. We will take a closer look at some of these cryptocurrencies.  Filecoin The price of Filecoin (FIL), despite being in the uptrend zone, has risen above the 21-day SMA line. In other words, FIL has fallen from a high of $9.50 to a low of $6.70. However, the oversold area of the market has been reached by th...

Billionaire Jeffrey Gundlach, aka the “Bond King,” has warned of “painful outcomes that are coming in the next recession.” Commenting on the Federal Reserve’s attempt to curb inflation, he cautioned: “The more you try to reduce the severity of problems, you’re going to end up ultimately having a very high severity problem.” ‘Bond King’ Jeffrey Gundlach on the Next Recession Jeffrey Gundlach, chief executive officer and chief investment officer of investment management firm Doubleline, shared his outlook on the U.S. economy in an interview with Yahoo Finance last week. Gundlach is nicknamed “the Bond King” after he appeared on the cover of Barron’s as “The New Bond King” in 2011. According to Forbes, his net worth is currently $2.2 billion. “It doesn’t matter if it’s a soft landing or a hard landing,” he began. “People are always asking me this question: ‘How b...

Join Our Telegram channel to stay up to date on breaking news coverage Filecoin (FIL) has been trading with a bullish bias since December 20, soaring 114% to a high of $6.0 on February 16. The price exploded by almost 42% on February 17 with a massive 24-hour trading volume, as indicated by the long green bar. This breakout took FIL price to a higher zone, operating above the $7.3 level for a week before bears took the stage. At the time of writing, the FIL price is down 12% to $6.86, but the bullish grading remains. Along with the falling prices, Filecoin’s market cap has also plunged 11.68% to $2.7 billion, placing the token at #27 on the CoinMarketCap list . Nevertheless, the token had a lot of trading activity, gaining 61.53% to $780.73 million in the last 24 hours as investors continued transacting with Filecoin. Filecoin is designed to create a decentralized, efficient, and robust foundation for humanity’s information. Filecoin is designed to create a decen...

Bitcoin takes the prize as the No. 1 leading player in the crypto and blockchain space on Cointelegraph’s 2023 Top 100 list. Who takes the cake as the prime mover of the crypto and blockchain sector for 2023? The answer is more of a “what” than a “who.” Good Ol‘ Bitcoin, the industry’s pioneer cryptocurrency, sits atop the list as the most impactful player in the space on the Cointelegraph Top 100.  Bitcoin (BTC) was created following the 2008 global financial crisis with the goal of doing things differently — in a decentralized fashion requiring less trust than traditional finance. But the cycle has made a full circle, and global financial trouble has once again reared its head, begging the question of whether the current economic uncertainty will take Bitcoin into the mainstream. DISCOVER COINTELEGRAPH’S TOP 100 IN CRYPTO AND BLOCKCHAIN 2023 The industry has grown since Bitcoin was first launched in 2009, with countless assets, concepts, products and companies emerging in the years ...

The report showed high reserve ratios for USDT, USDC, BTC, and ETH. On Feb. 22, cryptocurrency exchange MEXC Global released its proof -of- reserve s (PoR) snapshot after 45 days of testing . In a document seen by Cointelegraph, MEXC claimed its reserve ratios for Tether (USDT), USD Coin (USDC), Bitcoin (BTC), and Ethereum (ETH) were 120.70%, 240.18%, 116.50%, and 110.53%, respectively via the Merke Tree method.  As of the date of snapshot on Feb. 10, MEXC held 232.4 million USDT, 33.0 million USDC, 1,869.0 BTC, and 12,472.0 ETH in custodied user assets. Meanwhile, the total assets held within MEXC wallets for the four coins were 280.6 USDT, 79.4 million USDC, 2177.5 BTC, and 13,785.6 ETH, respectively. A spokesperson for MEXC told Cointelegraph: "MEXC will provide monthly updates on users' asset data through the Merkle Tree. This Proof considers strong Proof that our users' assets are available for 1:1 redemption at any time. As the industry becomes more regulated, we ...

Join Our Telegram channel to stay up to date on breaking news coverage FLOKI price has been pumping in the wake of the release of the project’s most ambitious roadmap. Investors seem to be shifting their attention to smaller altcoins and especially meme coins after Bitcoin, Ethereum and other bigger altcoins stalled their rallies late last week. This bullish comeback is reflected by a massive 25.5% spike in FLOKI price, which is trading at $0.000052 at the time of writing. Meet FLOKI’s New 2023 Roadmap – Focusing on DeFi and Web3 The team behind FLOKI, a dog-themed meme coin – coming up as a worthy competitor to Dogecoin (DOGE) and Shiba Inu (SHIB) has released one of its most ambitious roadmaps. Although the roadmap was made public this week, the team said it has been working on it since the beginning of the year. (1) FLOKI on Twitter: “THE #FLOKI 2023 ROADMAP IS NOW LIVE! We just released #Floki’s 2023 roadmap to give you insights into wha...

Real-world artifacts from the famous Titanic wreckage are set to be tokenized as NFTs through a new partnership using blockchain technology. Artifacts recovered from the wreckage of the Titanic are set to be tokenized using blockchain technology through a partnership driven by the company that acts as the steward of the sunken vessel. A three-way partnership involving RMS Titanic Inc. (RMST), Hong Kong-based Venture Smart Financial Holdings and Web3 firm Artifact Labs will begin tokenizing precious artifacts from the Titanic to unlock a myriad of Web3 functionalities. Select artifacts from the sunken Titanic will be preserved as nonfungible tokens (NFTs), which is aimed to open up shared ownership to the wider general public. RMST holds the exclusive rights to recover artifacts from the Titanic and its wider debris field from the bottom of the North Atlantic Ocean. Venture Sm Art Financial Holdings will be tasked with structuring the tokenization of intellectual property linked to th...

Polygon Labs is the latest cryptocurrency company to lay off employees and hop on the layoff bandwagon. Cryptocurrency prices did indeed start off better in 2023, as most of them saw double-digit increases. However, the majority of tech behemoths and cryptocurrency companies started firing employees in preparation for an impending recession. Also read: How to Buy Shiba Inu (SHIB) — A Beginner’s Guide Just in 2023, major companies like Spotify, Google’s parent company, Capital One, Microsoft, Amazon, Crypto.com, BlackRock, Coinbase, Goldman Sachs, Genesis Trading, and more will let go of staff. Polygon Labs joins the list and lays off 20% of its workforce. JUST IN: # Polygon Labs fires 20% of its staff. — Watcher.Guru (@WatcherGuru) February 21, 2023 Polygon’s decision affected 100 positions The news regarding the layoff was made official by Polygon in one of its recent official announcements. The main reason cited by the company for t...

Join Our Telegram channel to stay up to date on breaking news coverage Over the past ten years, the public block chain industry has grown from a few million dollars to a $1 trillion market. The space hasn’t yet succeeded in creating a decentralized, safe, interoperable solution, though. Consider switching from Ethereum to Bitcoin, the biggest blockchain network. Centralized exchanges have traditionally been among the few secure, workable options for switching from one chain to another. Via Wrapped Bitcoin, BitGo, a centralized solution provider, offers the biggest pool of liquidity for Ethereum users to access Bitcoin (WBTC). More than 93.6% of the Bitcoin crossed to Ethereum is represented by the BitGo IOU. To exchange BTC and WBTC, users must use BitGo partner services like centralized exchanges or CoinList. WBTC is clearly vulnerable to centralization and regulatory issues because to its dominance. With the demise of FTX, Alameda Research’s platform RenBTC was s...

The price of an altcoin backed by two well-known Bitcoin (BTC) billionaires is going up quickly as the crypto project’s upgrade gets closer. New data shows that the storage-focused blockchain Filecoin (FIL), which is backed by the Winklevoss twins, is skyrocketing as the protocol’s groundbreaking update gets closer. From its 24-hour low of $5.40 to its high of $7.77, Filecoin went up by about 38%. Even though the token has grown a lot in recent months, it is still a long way below its all-time high of $25.98, which was set in March 2022. The official website for the project says that the new Filecoin upgrade is a runtime environment for smart contracts built on the Ethereum Virtual Machine (EVM). This is called the Filecoin Virtual Machine. Its goal is to add user-programmability and smart contracts to the altcoin , which will make it much more useful and increase its potential. The mainnet for the project should go live in the next week or two. ...

Download the whole news here https://apps.sfc.hk/edistributionWeb/gateway/EN/consultation/doc?refNo=23CP1 1、The tone is regulation The turmoil in the virtual asset market and the collapse of FTX. Major jurisdictions are transitioning from a light-touch approach (ie, regulating from an anti-money laundering (AML) or payment perspective) to a more comprehensive approach (ie, regulating from an investor protection perspective). 2、What kind of tokens are allowed to list a) the background of the management or development team of a virtual asset; b) the regulatory status of a virtual asset in each jurisdiction in which the platform operator provides trading services and whether its regulatory status would also affect the regulatory obligations of the platform operator; c) the supply, demand, maturity and liquidity of a virtual asset, including its market capitalisation, average daily trading volume, track record (for example, issued for at least 12 months except for security tokens), whether...

In 2023, the leading crypto assets, such as bitcoin and ethereum, have captured decent gains. Bitcoin has increased 17.2% over the last 30 days, and ethereum has risen 9.3% in the same timeframe. However, year-to-date statistics show that bitcoin is down 38.3%, and ethereum has lost 39.3% against the U.S. dollar. The following presents a look at 12 crypto assets that have increased in value during the last 12 months. 12 Crypto Assets With Year-to-Date Gains Against the Greenback Crypto assets rebounded in 2023 and are faring much better than they were last year. Out of the top 125 cryptocurrencies in terms of the largest market capitalizations, only 9.6%, or 12 digital currencies, have seen year-to-date gains. The leader among the 12 crypto assets is the native token to the Binance Smart Chain (BSC) game Cyberdragon. The token, called binary x (BNX), has gained 613% against the U.S. dollar since this day last year. BNX is followed by the artificial intelligence cryptoasset singularit...