Author: Crypto News Live

British Prime Minister Rishi Sunak recently announced that Google DeepMind, OpenAI, and Anthropic — three tech outfits widely considered the global industry leaders in generative AI technologies — have agreed to provide the United Kingdom with early access to their AI models.Sunak made the announcement during a speech opening London Tech Week, an event described by organizers as “a global celebration of tech, uniting the most innovative thinkers and talent of tomorrow in a week-long festival.”He made the comment while explaining a three-part plan to ensure AI systems in the U.K. are deployed in a safe and secure manner. The…

Billionaire Chamath Palihapitiya says that the U.S. Securities and Exchange Commission’s (SEC) recent enforcement actions against the crypto industry are an attempt to cover its previous mistakes. In a new episode of the All-In Podcast, the business magnate says that the SEC’s latest assault on the crypto industry is partly because the regulator failed to do its job when it allowed crypto-focused firms to go public. Palihapitiya also says that the SEC is hostile toward crypto because it appears that the agency had “cozy” ties with FTX, a controversial digital asset exchange that imploded last year. “There is one part…

Seasoned trading expert Peter Brandt has made headlines by declaring Ethereum (ETH) and all other crypto assets as “scams”, placing Bitcoin (BTC) as the sole reliable option for investors. What’s the reasoning behind his rebellious stance? Read on.Bitcoin Reigns SupremeBrandt, a respected foreign exchange trader, took to social media to express his disbelief in the potential of any crypto asset besides Bitcoin (BTC). He boldly asserted that BTC is the only contender that will survive the volatile crypto market, dismissing all others as mere imitators or fraudulent schemes.His statement came as a response to a prominent crypto trader, Cheds, on Twitter…

Let’s face it: The NFT space moves really fast. Considering how quickly things can change in the metaverse, a week in NFTs might as well be a month IRL. Don’t get us wrong — the more people onboarded into the space, the merrier. But because of the constant influx of great art and ideas, it’s becoming increasingly difficult to keep up with all the news, launches, and general happenings. Well, you can put the days of endless Twitter and Discord scrolling behind you as we pull together a weekly list of upcoming NFT drops you definitely don’t want to miss.…

Blockchain Chorus One, a provider of staking services for more than 40 blockchains and protocols including Ethereum, Solana, Cosmos and Polkadot, is joining a growing field of hosting service providers on the Urbit peer-to-peer network. The new hosting platform, called Red Horizon, marks the first foray onto the Urbit network by a major blockchain or technology player that was not originally building within the close-knit ecosystem, according to Chorus One’s Gary Lieberman. Urbit is a peer-to-peer network that works largely by giving each user a “personal server” to store their own data; when users interact over the network, they each…

“Raphjaph”, the current principal maintainer of the Bitcoin protocol Ordinals, has incorporated Casey Rodarmor’s (the developer of the Bitcoin protocol Ordinals) “recursive inscriptions” No. 2167 upgrade into the Ordinals source on GitHub. Inscriptions may now utilize the specific “/-/content/:inscription id” syntax to request material from other inscriptions, according to developer Leonidas.og. This small modification opens up a slew of new possibilities. For example, rather than inscribing 10,000 JPEG files individually for a PFP collection (which would be prohibitively expensive), it would be preferable to inscribe 200 features from the collection, followed by 10,000 more inscriptions, each of which uses a…

Multiple datasets revealed that investors were accumulating BTC while its price dipped  BTC’s miners revenue remained high, as did its hashrate  Altcoins have been having a hard time of late while Bitcoin’s [BTC] price has remained comparatively stable. Glassnode and Santiment’s data revealed that investors have been highly confident in BTC, which was evident from their accumulation trend. In the coming week, should we expect BTC’s price to follow that of altcoins’, or will BTC change the market trend? Read Bitcoin’s [BTC] Price Prediction 2023-24 Bitcoin holders are being patient  Glassnode’s tweet revealed that the percentage of BTC long-term holder…

Summary: Data from Blockchain Intelligence startup Nansen shows a steady increase in the number of staked ETH.So far, users and entities have locked over 22 million coins which amount to about 18% of the token’s supply.At the same time, balances in crypto exchanges are declining and now sit below 30 million tokens. Analysts say the Shapella upgrade eliminated concerns around withdrawals and triggered a boom in locked tokens since stakers can earn rewards as opposed to just holding their coins. The number of staked ETH continues to increase following the release of Shapella which enabled withdrawals for locked coins on…

Key highlights:The total cryptocurrency market cap decreased from $ 1.07T to $ 1.06T in the past 24 hours, representing a -0.56% changeThe Bitcoin price at press time is $ 25,779 after falling by -0.16% in the last 24 hoursThe total crypto trading volume decreased by -0.56% in the past 24 hours, and is currently at $ 130.75BAll prices and changes are presented at the time of publication: June 12, 2023, at 06:00 UTCMarket OverviewThe total cryptocurrency market cap is currently $ 1.06T after a -0.56% decrease on the day. The total crypto trading volume declined by -0.56% in the same time frame.Bitcoin is trading at…

SHIB’s price declined by more than 24% in the last seven days  Weighted sentiment was negative, but several metrics looked positive for SHIB  Most altcoins have seen a major price correction of late, because of which they registered double digit declines. Shiba Inu [SHIB] was one of the affected coins, as its price went down by more than 24% in the last seven days. Nonetheless, SHIB’s Shibarium continued to perform well and also hit a new milestone.  Read Shiba Inu’s [SHIB] Price Prediction 2023-24 Shibarium stats are on FIRE Shibarium registered a major update recently after a tweet revealed that…