Author: Crypto News Live

Officials in the United States are making efforts to keep tabs on the development of artificial intelligence (AI) as new plans surface to examine workers’ experience with AI surveillance. According to a Reuters report, on May 23, White House officials said they would be asking workers how their employers use AI for monitoring purposes. This comes as federal investments are allocated toward the technology’s development. Regulators in the U.S. are planning to hold a listening session to hear about AI experiences for workplace surveillance, monitoring and evaluation. Also on the call will be gig work experts, researchers and policymakers.The forthcoming listening…

Bitcoin’s 24-hour trading volume declined by more than 20% while its price moved marginally.  BTC’s open interest increased, suggesting the current price trend might continue for longer. Bitcoin’s [BTC] price has remained under the $28,000 mark for quite some time now. The slow price action has disappointed many investors.  Is your portfolio green? Check the Bitcoin Profit Calculator      Additionally, the latest reports suggest that the scenario can turn worse. A CryptoQuant analysis pointed out an interesting development regarding BTC’s exchange deposits.    Bitcoin is becoming comfortable under $28,000 As mentioned earlier, BTC’s price has been declining for multiple weeks now. According…

The total market capitalization for the altcoin industry has consolidated around $566 billion after the January rally saw an increment of $100 billion from last year’s ATL. The Ethereum (ETH) market has held dominance of more than 38 percent in the altcoin industry with its valuation at around $218 billion on Friday. Bitcoin Dominance TrendsWith Bitcoin dominance showing a lot of indecisiveness in the next move around 48 percent, crypto traders have no option than wait for a clear signal.Moreover, Bitcoin’s dominance is a significant factor when considering the next move in the altcoin market. Typically in the crypto bear market,…

Blockchain According to Solana Labs CEO Anatoly YAKOVENKO, Solana’s support in the ChatGPT interface will make working with the blockchain easier and more understandable. The plugin can be used to purchase non-fungible tokens (NFTs), transfer crypto assets, inspect transactions and public account details, and find the cheapest NFT collections. The Solana Foundation also announced that it will increase funding for grants exploring the intersection of the Solana blockchain and artificial intelligence to $10 mln, up from the original $1 mln pledge. The developers said that 50 applications have already been received for the grant program. Within its ecosystem, Hivemapper launched…

NFT YouTube star Darren famously known as “IShowSpeed” purchased the Midnight Blue Sparkle Time Fedora NFT worth 14,000,000 Robux. The fat finger error caused the YouTube star $125,000. Darren was astounded to see the Midnight Blue Sparkle Time Fedora’s exorbitant price and began clicking on the Buy button in jest. To his surprise, the transaction went through. The content creator was browsing his official Discord server, when a viewer shared a link to the NFT fedora in the Roblox game. IShowSpeed loses it over Midnight Blue Sparkle Time Fedora NFT Darren expressed shock saying he expected a verification message to…

Binance NFT announced today the launch of an innovative NFT Loan feature. This initiative enables platform users to obtain cryptocurrency loans using their NFTs as collateral, effectively unlocking liquidity without the need to sell prized digital assets.Unlocking Value with NFT-backed Crypto LoansThe new service focuses on prime NFT projects, offering competitive interest rates and eliminating gas fees, thus facilitating users to borrow Ethereum (ETH) against their NFTs. The move introduces the benefits of Decentralized Finance (DeFi) to the Binance NFT community, enhancing the flexibility and utility of digital assets.Users can currently secure loans against famous NFT collections such as Bored…

Splinterlands brings us a special, 5 year anniversary, token burning event called ‘The Great Burning’. This event will give players an opportunity to burn DEC tokens and earn rewards in the process! It’s been five years since Splinterlands first sold their Alpha packs on the Steem network. And to celebrate they are bringing us a special event known as The Great Burning! The event will start on Tuesday, May 30th, 2023 and it will run for 30 days, ending on June 29th, 2023 and allow players to burn DEC tokens via a special page on the Splinterlands website. The Burninating…

Cardano, a blockchain platform known for its innovative approach and peer-reviewed scientific research, has recently hit a significant milestone. The Total Value Locked (TVL) in Cardano’s DeFi ecosystem has soared to over 446 million ADA, marking a new all-time high, according to data from DeFiLlama. This surge in TVL is a testament to the growing popularity and trust in Cardano’s ecosystem as more protocols come online. The rapid expansion of decentralized finance (DeFi) protocols on Cardano has significantly contributed to this growth. These protocols enable users to engage in various financial activities, including lending, borrowing, and yield farming, all while…

Short-term holders were dumping their coins on exchanges at a loss. Long-term holders amassed a significant amount of BTC in the last 24 hours. On-chain analytics firm Glassnode took to Twitter to draw attention to the exchange transfer patterns of Bitcoin’s [BTC] short-term holders (STH) and long-term holders (LTH). Read Bitcoin’s [BTC] Price Prediction 2023-24 The analysis divulged that, on average, most coins were flowing into exchanges at a loss with a negative exchange inflow bias of 0.7. When assessing the profit/loss ratio (bias) of #Bitcoin deposit volume to exchanges, we note a current negative bias of 0.7, suggesting coins are flowing…

Over the last few months, there have been multiple cases of banks and financial institutions collapsing. Needless to say, this has contributed to FUD in traditional and crypto-markets. Is your portfolio green? Check out the Bitcoin Profit Calculator Can you bank on the Banks? The most recent additions to the ongoing FUD around traditional banking have been caused by Capital One and Key Bank. On 25 May, the New York City Banking Commission made the decision to suspend the acceptance of deposits into bank accounts held by Capital One and KeyBank within the city. This action followed the banks’ failure…