Author: Crypto News Live
Artificial intelligence (AI) has become a hot topic in public discourse inside and outside the emerging tech industry amid an increase in the popularity of OpenAI’s chatbot ChatGPT and others.At the Proof of Talk 2023 blockchain and Web3 conference in Paris, Cointelegraph sat down with Robbie Yung, the CEO of Animoca Brands, to discuss the relationship between AI, blockchain and gaming. Robbie Yung, CEO of Animoca Brands (left), with Cointelegraph Reporter Savannah Fortis at Proof of Talk 2023 in Paris. Source: CointelegraphYung told Cointelegraph that Animoca had been involved with AI for “a long time,” both incubating AI companies and utilizing…
A widely followed analyst believes that Bitcoin’s (BTC) latest correction is setting up the crypto king for a parabolic surge. Pseudonymous analyst Credible Crypto tells his 340,800 Twitter followers that Bitcoin’s retracement from above $30,000 is part and parcel of an uptrend that could push BTC to fresh yearly highs. The crypto strategist predicts a steep climb for Bitcoin (BTC), one that erases months of consolidation in a matter of days. “Consolidation precedes expansion. Our last corrective structure lasted 48 days and was erased with just four days of impulsive price action. Our current corrective structure is 83 days long…
Broadening its horizons and looking to increase its on-chain footprint, ChainGPT has begun its interchain movement by bridging the $CGPT token to the Ethereum Network. Enabled through a partnership with ChainPort, KuCoin, BitGet, and other top-tier Web3 partners, ChainGPT has developed a decentralized bi-directional bridge between the Binance Smart Chain and Ethereum for the $CGPT token. Now users will be able to transfer their $CGPT to and from the ETH and BNB/BSC networks seamlessly. With the implementation of the bridge, the $CGPT token’s on-chain presence expands, gaining access to the robust and vibrant ecology of the Ethereum network. Integrations into…
Introduction This report provides an analysis of the cryptocurrency Cardano (ADA) based on the latest data as of 19 June 2023. The analysis includes a review of the current price, volume, bid/ask prices, day’s range, technical indicators, and moving averages. Cardano has seen some interesting movements recently, and this report aims to provide insights into its potential future performance. Price and Volume Overview As of 02:49 a.m. UTC on 19 June 2023, on Binance, Cardano (ADA) is trading at $0.2616, down by $0.0051 (-1.91%) from the previous close. The volume stands at 58,542,381 ADA. The bid and ask prices are…
Institutional adoption of the XRP Ledger (XRPL) has been steadily growing, yet the sixth largest digital asset, XRP, finds itself navigating through a potentially difficult period. Over the past two weeks, the XRP market has experienced a bearish sentiment, with hourly time frames showing lower highs and lower lows.Furthermore, XRP’s trading volume has notably decreased as bullish attempts to surpass key resistance levels around 54 cents have encountered hurdles. As a result, XRP price could fall further in the coming days, especially if the United States SEC keeps on its hawkish crypto regulatory stance.Nonetheless, the final XRP fate has been…
Recently, the first-ever Ethereum CryptoPunks have been migrated to Bitcoin via burn, marking a significant milestone in the NFT migration process. The transaction was carried out by 0xBc…0a71, who spent 54.49 ETH to purchase CryptoPunks 8611 on June 18 and then sent it to the burning address Null: 0x00…dEaD before rebirthing it in Bitcoin Inscription 12,456,749. 0xBc…0a71 spent 54.49 ETH to purchase CryptoPunks 8611 on June 18, and then sent it to the burning address Null: 0x00…dEaD and reborned in Bitcoin Inscription 12,456,749. This is the first-ever Ethereum CryptoPunks migrated to Bitcoin via burn. https://t.co/tHdHMg8ZXm — Wu Blockchain (@WuBlockchain) June…
TL;DRThe SEC wanted to freeze all of Binance.US’ assets. To avoid that, Binance agreed to a deal that has been described by a former SEC enforcement agent as “unprecedented.”Binance.US will now have to do the following:Provide the SEC monthly reports covering its “ordinary course of businesses expenses.”Provide to the SEC a list of every account or wallet under its management since Dec 1, 2022.Produce a record of asset transfers greater than $1,000 in value in that same time period.All of this alongside associated financial institutions, account numbers, recipient names and reasons for each transfer.From what we can tell: as long…
Join Our Telegram channel to stay up to date on breaking news coverage In response to stricter regulations and reduced market depth on centralized exchanges, crypto traders are increasingly resorting to over-the-counter (OTC) markets to access much-needed liquidity. Crypto Traders Embrace OTC Markets for Liquidity The surge in OTC demand can be attributed to various factors, including the collapse of FTX, the downfall of crypto lenders, and the recent SEC lawsuit against Binance, according to Zahreddine Touag, the head of trading at Woorton, a market-making firm based in Paris. The catalyst for this growing demand is the significant decline in…
A JPMorgan Chase analyst believes the stock market may soon witness the departure of billions of dollars in capital following its fierce rally since March. JPMorgan strategist Nikolaos Panigirtzoglou says he believes institutional investors are preparing to rebalance their portfolios to satisfy their allocation targets, reports Bloomberg. Institutions around the world invest in a variety of assets, including bonds, stocks and real estate, in an effort to diversify their holdings, and follow strict mandates on asset allocation that limit their exposure to a certain asset class. Panigirtzoglou says the recent stock market rally has pushed the portfolios of institutions above…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. ARB faced a crucial range high and support-cum-resistance level of $1.0623. Long positions were discouraged in the past 12 hours by the time of writing. Arbitrum [ARB], a successful Layer 2 (L2) roll-up, has struggled to regain its $1 psychological level in the past week. It dropped below the $1 level after Bitcoin [BTC] retested $24k on 10 June. How much are 1,10,100 ARBs worth today? However, BTC reclaimed $25k and crossed $26k, but it remains to be seen…
