Author: bitcrypto.io

The global cryptocurrency market has surged significantly over the past week as investor sentiment has turned from neutral to greed. This boom was largely driven by Bitcoin, the world’s largest cryptocurrency by market cap, coming within touching distance of its all-time high of $73,798.   Bitcoin Hits $72,000 as US Election Tips in Favor of Pro-Crypto Former President Donald Trump The apex cryptocurrency witnessed its price rise by 1.2% to trade at $72,055 on Wednesday as it is largely speculated that Donald Trump will beat Kamala Harris in the upcoming US Presidential election on November 5. The sector picked up steam…

OpenAI on Thursday launched a search feature within ChatGPT, its viral chatbot, that positions the high-powered artificial intelligence startup to better compete with search engines like Google, Microsoft’s Bing and Perplexity. ChatGPT search offers up-to-the-minute sports scores, stock quotes, news, weather and more, powered by real-time web search and partnerships with news and data providers, according to the company. It began beta-testing the search engine, called SearchGPT, in July. The release could have implications for Google as the dominant search engine. Since the launch of ChatGPT in November 2022, Alphabet investors have been concerned that OpenAI could take market share…

Kraken’s Ethereum layer-2 network Ink is built on Optimism’s OP Stack, the same tech that powers Base, Unichain, and World Chain. Cryptocurrency exchange Kraken has unveiled Ink, an Ethereum-based layer-2 blockchain powered by Optimism’s OP Stack. Ink will offer on-chain wealth management tools for seasoned digital asset traders and crypto-curious clients, Kraken said Thursday in a joint statement with the Optimism Collective. The network, which rolls out on testnet in November, will be interoperable with Optimism’s Superchain, a network of layer-2s that share security and infrastructure. “As part of the Superchain, Ink is laying the groundwork for an interoperable and…

Vietnam took a big step towards becoming a regional leader in blockchain technology with the official release of its new national blockchain strategy on October 22. By 2025 a foundational blockchain infrastructure will have been developed, which should comply with all regulations on cybersecurity, network security, and personal data protection. The strategy sets ambitious goals for building brands, infrastructure, and expertise in blockchain technology. The strategy, signed by Deputy Prime Minister Ho Duc Phoc, outlines a comprehensive plan to develop Vietnam’s blockchain ecosystem and capitalize on this technology’s potential. By 2030 the infrastructure will have been strengthened and expanded, providing…

The Gam3 Awards for Web3 games is returning for a third year in a row with a prize pool of $5 million. The awards for the best blockchain-based games is now winnowed down to a shortlist. The organizer said the annual web3 gaming celebration main event is set to reach new heights with more exciting game developments, more rewards, new award categories, and for the first time ever — a physical ceremony alongside the livestream which had over 50,000 viewers tune in last year. Gam3s.gg has partnered with Yield Guild Games (YGG), one of the world’s largest networks of Web3 gamers, to…

The news media has extensively covered the crash and burn trajectories of some of the leading crypto companies since FTX led the way into bankruptcy in November 2022. Soon to follow were BlockFi, Celsuis, Voyager, and many others that were not as high profile. Crypto companies were highly criticized, and in some instances deservedly so, but what about the failures on financial technology firms providing traditional products? Customers are at much higher risk from the non-crypto providers because in many cases the customers do not recognize the risks and underestimate the consequences of failure. Financial technology (fintech) companies that provide…

With 21 days left until the November 5th election, Vice President Kamala Harris’s campaign is navigating tightening polls and narrow margins. Despite Democrats winning the popular vote in recent elections, outcomes often hinge on key swing states due to the Electoral College. Some pollsters question whether Trump’s support has peaked and acknowledge that Harris still has room to continue her upward trend, especially after gaining momentum following Biden’s exit and endorsement. With key affinity groups critical to her success, Harris will be focusing her efforts on securing their support as election day approaches. Even though Black men have historically been…

Boston Dynamics and Toyota Research Institute (TRI) Wednesday revealed plans to bring AI-based robotic intelligence to the electric Atlas humanoid robot. The collaboration will leverage the work that TRI has done around large behavior models (LBMs), which operate along similar lines as the more familiar large language models (LLMs) behind platforms like ChatGPT. In research revealed at last year’s Disrupt conference, institute head Gill Pratt explained how the lab has been able to get robots to 90% accuracy when performing household tasks like flipping pancakes through overnight training. “In machine learning, up until quite recently there was a tradeoff, where…

September NFT Sales Reach Lowest Volume Since 2021 Since January 2021, NFT sales have not been this low as of September. All sales came to $296 million, down 20% from August and 81% from March, according to data from CryptoSlam. In the NFT market, which has experienced a reduction in sales and user engagement in recent months, this notable drop indicates persistent issues. The quantity of transactions experienced a significant decrease in addition to the overall sales volume drop. From 7.3 million in August to 4.9 million in September, NFT transactions decreased. The mean transaction value had a marginal rise…

In a decisive move, cryptocurrency exchange Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) following the agency’s issuance of a Wells Notice, according to the legal filing. The complaint seeks declaratory and injunctive relief to prevent what the company describes as an unlawful expansion of the SEC’s jurisdiction—led by its chair, Gary Gensler, to include secondary market sales of cryptographically secured digital assets. A Wells Notice signals the SEC’s intent to pursue formal enforcement action against a regulated party. Rather than waiting for any formal action, Crypto.com is challenging what it considers a significant overreach…