Author: Crypto News Live
The artificial intelligence (AI) task force adviser to the prime minister of the United Kingdom said humans have roughly two years to control and regulate AI before it becomes too powerful. In an interview with a local U.K. media outlet, Matt Clifford, who also serves as the chair of the government’s Advanced Research and Invention Agency (ARIA), stressed that current systems are getting “more and more capable at an ever-increasing rate.”He continued to say that if officials don’t consider safety and regulations now, the systems will become “very powerful” in two years.“We’ve got two years to get in place a…
An executive at the $1.5 trillion asset management giant Franklin Templeton says that large institutions are becoming increasingly interested in digital assets. In a new interview with Scott Melker, Franklin Templeton senior vice president Sandy Kaul says that financial institutions are now looking at crypto following the industry’s deep correction over the past year. According to Kaul, institutions have an appetite to invest in asset classes that are heavily discounted. “Institutions hate buying in already rising markets. They want to get positioned when things are cheap and when nobody is really looking at a space. And they have the patience…
The cryptocurrency market has been under the intense gaze of the SEC, leading to a strong bearish trend across numerous digital assets. Many coins have been caught in this storm, with Binance Coin (BNB) epitomizing the peak of this bearish wave. The U.S. Securities and Exchange Commission (SEC) has initiated a lawsuit against Binance, asserting that BNB is a security, a development that has triggered a sharp decline in the coin’s value.Binance’s Lawsuit: A Cloud Over BNB?Binance, the world’s largest cryptocurrency exchange by trading volume, has recently been hit with a lawsuit, adding a layer of uncertainty to BNB’s future.…
The Gateway is officially going global. nft now has joined forces with Factblock to present The Gateway: Korea as part of the highly anticipated Korea Blockchain Week (KBW). This two-day activation, taking place from September 7-8 in Seoul, promises to captivate attendees with an immersive audiovisual gallery showcasing leading digital artists, while also offering compelling programming that includes fireside chats, keynote speakers, and more. Request an invite here to join “The Gateway: Korea.” The Gateway: Korea builds upon the success of last year’s groundbreaking five-day festival during Miami Basel, which attracted 12,000 visitors and featured prominent brand partners such as…
Outflows increased to $62 million from $39 million the week before, representing an increase of 58%. The short Bitcoin fund, which bets on the decline of Bitcoin, recorded $6.3 million in net outflows. According to the latest report by crypto asset manager CoinShares, digital asset investment products recorded a seventh straight week of net outflows, underlining the bearish sentiment prevalent in the market. Outflows increased to $62 million from $39 million the week before, representing an increase of 58%. Read Bitcoin’s [BTC] Price Prediction 2023-2024 However, according to the research, the withdrawals were primarily driven by investors closing short positions and taking profits,…
Blockchain Binance, the leading cryptocurrency exchange, has introduced its inaugural summer internship program designed to nurture talent and ignite innovation within the Web3 industry. The Advanced Management Program (AMP), a highly immersive experience, will empower young talents with practical knowledge and skills through hands-on collaboration with the brightest minds within the world’s largest crypto organization. This program promises to be a transformative journey, fostering personal growth and professional development for the interns while driving forward the boundaries of the Web3 ecosystem. Binance’s summer internship program spans over 10 weeks and provides interns with valuable cross-functional learning experiences. Throughout the program,…
NFT NFT marketplaces witnessed substantial trading volumes, indicating the growing demand. Blur emerged as the leader with $446 million in trading volume. Magic Eden and X2Y2 showcased community-driven experiences and unique features. NFTs (Non-Fungible Tokens) continue to captivate the digital art and collectibles world, as evidenced by the substantial trading volumes witnessed in various NFT marketplaces during May 2023. This emerging sector has been gaining momentum, attracting artists and investors eager to explore the potential of blockchain-based digital assets. NFT Marketplaces Experience Surging Trading Volumes in May 2023 Leading the pack in terms of trading volume was Blur, a prominent…
The evolving world of NFTs continues to unfold its potential, with the latest addition being Trekki NFT, an initiative from Trip.com. This project aims to uplift users’ travel experiences, offering a unique blend of digital assets and real-world perks.Trekki NFT: A New Era of TravelTrekki NFT’s uniqueness lies in establishing enduring intellectual property enriched with a worldview and immersive narrative. This venture represents Trip.com’s maiden foray into the Web3 space, marking an innovative step in utilizing NFTs in real-world use cases.In the near term, Trip.com plans to join industry entities to deliver unique travel experiences. These could encompass preferential hotel…
ETH’s daily active addresses and daily transactions have declined of late. On-chain metrics gave hope for a price uptick in the coming days. Ethereum [ETH] has witnessed quite a few interesting developments over the last few days. At first glance, it seemed that network usage had increased, while the rest of the metrics suggested otherwise. Not only that, but ETH underwent a price correction as well. Read Ethereum’s [ETH] Price Prediction 2023-24 Looking at the bigger picture Glassnode Alert’s 5 June tweet revealed that Ethereum’s mean gas price had reached a one-month low at press time. A lower gas price…
Illuvium, a unique open-world RPG, has joined forces with renowned video game retailer GameStop. This alliance has given birth to an enticing 20,000-strong NFT collection set to debut on June 12th. With multiple developments and the partnership with GameStop, Illuvium is set to bring a new dimension to Web3 gaming. Dive into the details below.‘Illuvitars’ NFTsAccording to the game’s developers, the “Illuvitars” NFTS are “dynamic collectable works of art, representing a specific avatar of an Illuvial with a distinct expression. Each Illuvitar carries a power rating, determined by its rarity, which helps you climb the leaderboard.”Each “GameStop x Illuvitar D1SK…
