Crypto LVL

2023-05-14 23:01:59 Cryptocurrency arbitrage is several logically related transactions aimed at extracting profit from the difference in prices for the same or related assets at the same time on different exchanges or on different markets of the same platform. In simple words, it is the purchase of an asset on the stock exchange, where the demand for it (and, accordingly, the price) is lower, and the sale is where it is higher.

Take advantage of the arbitration opportunities with the help of the project Nimbus - is a Defy platform managed by ISO DAO, which offers 16 training strategies for apps-based users to participate in IPOs, start-up financing, and so on. Open / Comment

2023-05-13 22:00:01 ​Binance calls it quits in Canada, blames new rules

Binance is the latest in a string of departures from CEO Changpeng Zhao’s home country, but it promises to keep working with regulators.

Binance will withdraw from the Canadian market, the cryptocurrency exchange announced on Twitter on May 12. It called its withdrawal “proactive” as new guidance issued by Canadian regulators continues to take a toll on the country’s crypto industry.

Binance is joining some of its smaller competitors in the Canadian exodus brought on by the introduction of rules by the Canadian Securities Administrators (CSA) on Feb. 22 that required them to file new preregistration undertakings and adhere to added restrictions.

Although Binance had reportedly filed a new preregistration undertaking, it explained in a tweet:

“Unfortunately, new guidance related to stablecoins and investor limits provided to crypto exchanges makes the Canada market no longer tenable for Binance at this time.”

The new CSA rules prohibit firms “from permitting Canadian clients to enter into crypto contracts to buy and sell any crypto asset that is itself a security and/or a derivative,” and define stablecoins as a security.

OKX pulled out of the Canadian market in March. It was followed in April by the decentralized exchange dYdX and blockchain fintech Paxos.

Binance sent its Canadian users an email, seen by Cointelegraph, that instructed them to close their open positions by Sept. 30, 2023. “From October 1st, 2023, Canadian customers will be put into liquidation only mode,” it warned. The exchange added:

“While we do not agree with the new guidance, we hope to continue to engage with Canadian regulators aimed at a thoughtful, comprehensive regulatory framework.”

Binance operated in all Canadian provinces and territories except Ontario, which it withdrew from in March 2022 after a lengthy disagreement with the province’s regulators. Open / Comment

2023-05-10 23:30:00 ​ParaSpace team clashes with CEO over alleged whereabouts of protocol funds

Protocol developers demand that CEO and CTO Yubo Ruan step down, while Ruan has accused the development team of an "illegal takeover."

On May 10, nonfungible tokens (NFT) financialization protocol ParaSpace published several alleged irregularities tying its CEO, founder, and CTO Yubo Ruan to the mismanagement of funds equaling 2,909 Ether recovered through a white-hat interception that occurred on March 18. Ruan denied any wrongdoing, writing: "manufacturing claims with the intent to take over and force me to step down as CEO. This is highly problematic and the legal team has taken action."

On or around March 18, ParaSpace suffered a price-slippage exploit that was quickly resolved. Around the same time, blockchain security firm BlockSec intercepted the hack. It moved 2,909 ETH from the protocol before malicious actors could obtain the funds and subsequently returned the assets to ParaSpace staff.

According to Paraspace, Ruan had "exclusive control and management" of a portion of protocol funds returned by BlockSec. Developers subsequently allege that a portion of the 2,909 ETH believed to be in control by Ruan had "not been fully returned to protocol, with initially over 50% unreturned, leaving a hole in the protocol treasury." The development team also alleges that these assets had "outflown to various unknown wallets as well as out to CEXs and Circle redemptions," totaling $1 million.

"As a result, the team has come together, secured the protocol's multi-sig, and removed Yubo as well as any addresses not directly controlled by the team."

ParaSpace, through its official Twitter account, calls for Ruan to "step down from his roles as CEO and CTO."

On the other hand, Ruan alleges that two former ParaSpace consultants, Thomas Schmidt and Jay Yao, who are currently stated as the protocol's COO and CBO, respectively, "have illegally obtained control of one of the protocol's multisig and social media accounts" through misrepresentation. Open / Comment

2023-05-07 20:30:38 Stripe tackles ‘cold start problem’ with the launch of fiat-to-crypto on-ramp

Web3 companies can utilize the Stripe-hosted fiat-to-crypto on-ramp to allow customers to buy crypto at the “precise moment they need it.”
Internet payment processor Stripe has introduced a fiat-to-crypto on-ramp to address the “cold start problem” faced by Web3 companies due to customers not having “crypto in their wallets to carry out transactions.”

According to a May 4 statement, Stripe’s newly launched fiat-to-crypto on-ramp, which Stripe itself will host, will allow Web3 companies to offer United States-based customers the ability to purchase crypto “at the precise moment they need it” without the need to embed any code into a website or app. Open / Comment

2023-05-04 23:50:00 ​UK reviews AI development: It can ‘drive substantial economic growth’

The U.K. Competition and Markets Authority said it would examine AI’s development, deployment and social impact.

The United Kingdom’s Competition and Markets Authority (CMA) has turned its attention to artificial intelligence (AI) after announcing an examination of the impact of the technology on consumers and the economy.

On May 4, the regulator said it would be looking at the development and deployment of foundation models — applications like OpenAI’s ChatGPT — against key principles. Those include safety, transparency, fairness and accountability, among others.

Sarah Cardell, the chief executive of the CMA, commented that since AI tools “burst” into the public sphere, regulators have had their eye on it.

“It’s a technology developing at speed and has the potential to transform the way businesses compete as well as drive substantial economic growth.“

She continued by deeming it “crucial” that businesses and consumers in the U.K. have access to the potential benefits of AI technologies while being shielded from fake information. AI-generated fakes have already started populating the web, resulting in lawsuits.

The initial review will examine the competitive market for AI foundation models and their usage. Regulators plan to monitor how they can expand and present opportunities, along with risks to competition and consumers.

The CMA says its goal is to help the technology develop in ways that “ensure open, competitive markets and effective consumer protection.“

Additionally, the review is intended to produce “guiding principles” for the protection of consumers and support healthy competition as the technologies develop. A report on the findings is scheduled to be published in September 2023.

This announcement follows the publication of a white paper on AI from the U.K. government in March 2023. Open / Comment

2023-05-01 23:00:00 ​Bhutan has been mining Bitcoin with hydropower since BTC price was $5,000

Bhutan uses Himalayan rivers to generate energy used to mine Bitcoin, local reports reveal.

Bhutan is bullish on Bitcoin. Following the revelation that the small Himalayan kingdom has been quietly accumulating crypto, the country is also mining Bitcoin. Moreover, the country of less than 800,000 people leverages green energy to power its Bitcoin mining operations.

Known for its focus on “Gross National Happiness” and picturesque landscapes, Bhutan has found ways to harness its immense hydroelectric potential, which accounts for 30% of its gross domestic product.

First reported in an exposé in local Bhutanese news and followed by inquiries from Forbes, Bhutanese officials confirmed that mining began when the price of Bitcoin was around $5,000 in April 2019. The price per Bitcoin has since soared to roughly $28,000 per coin at the time of writing.

The kingdom has reportedly explored partnerships to expand its mining operations further. Notably, it is negotiating with Nasdaq-listed mining company Bitdeer to secure 100 megawatts of power for a Bitcoin mining data center in Bhutan. This partnership would increase Bitdeer’s mining capacity by about 12%.

The scale of Bhutan’s mining operations remains a mystery, with little information available about the location, size and profitability of its mining farms. Some Druk Holding and Investments (DHI) employees have listed “crypto mining” as their tasks and skills on their LinkedIn profiles.

It is also unclear why the government chose not to disclose this project to its citizens or international partners. However, it is known that the state-owned holding company DHI has invested millions of dollars in cryptocurrency holdings, with the funds managed on behalf of its people. Open / Comment

2023-04-28 22:30:00 ​46% of millennials across major economies own crypto

The study featured over 255,000 respondents across 26 countries in four age groups.

A new survey suggests that 46% of millennials across major population countries, such as the United States, China, Japan, Germany, Indonesia and Nigeria, own cryptocurrencies.

The study, conducted between July 2022 and January 2023 and published on April 28 by cryptocurrency exchange Bitget, featured approximately 255,000 adult respondents from 26 countries, with around 10,000 respondents per country. The survey revealed that 46% of millennial respondents owned cryptocurrencies, compared with 25% of Gen X, 21% of Gen Z and 8% of baby boomers. The confidence interval for the study is 95%, with a margin of error of ± 0.1%.

In addition, 4% of baby boomers, 6% of Gen X, 27% of millennials and 36% of Gen Z respondents said they considered cryptocurrency regulation an important factor when voting for political candidates. Bitget staff wrote:

"By the beginning of the next decade, demographic processes may lead to a dramatic shift towards increased acceptance of cryptocurrencies as a higher proportion of younger generations continue to exhibit strong demand for crypto, despite the slowdown in population growth."

Other studies also suggest that Gen Z and millennials tend to have the highest adoption rates for cryptocurrencies out of all population groups. In October 2022, a Charles Schwab survey revealed that almost 50% of Gen Z and millennials want crypto in retirement funds. The survey also found that 43% of Gen Z and 47% of millennials already invest in cryptocurrencies outside their 401(k) retirement accounts. Open / Comment

2023-04-27 19:00:04 Get a FREE CRYPTO CARD and education from a TOP academy!

Register on the Qmall cryptocurrency exchange before June 1st and get two amazingly cool bonuses:

Crypto card with free service for six months!
Access to an educational course from the best academy in Europe.

Pay for goods and services using a card that transcends borders and currencies!

To participate, you must first complete KYC verification.

The crypto cards will be launching in September, making this promotion a fantastic chance for you to become one of the first proud owners of this cutting-edge product.

Register now! Open / Comment

2023-04-26 16:00:07 ​ Laugh Out Labs LLC presents ‘IT'S JUST A JOKE’ – the first-ever NFT joke card collection - on May 15th 2023.

#01 The first collection will feature just 52 unique 1 of 1 NFTs, doubling up as your membership into our VIP Comedy Club and Private Access Streetwear Brand.

Our mission is to spread laughter and humor, uplifting our community through specially curated token gated events and experiences. The project positively impacts the world with our ‘special purpose cards’ which gives back to charities and organizations focused on causes such as mental health, environmental conservation, and social justice.

Laugh Out Labs has teamed up with top comedians Norman Towns, Ksenia, Clayton Farris and Mark Serrittella for the jokes in Drop 01. These “Jokestars” have previously graced Emmy Award-winning shows on networks such as HBO, Comedy Central, ABC, truTV, BET, Adult Swim and MTV. 

HOLDER BENEFITS

Free entry and additional discounts for friends to our in-person comedy events, festivals and parties. Hang in VIP with major comedian partners.
Access to the limited-edition merchandise store, ‘Your Clothes are Funny.’
Your Joke submissions shared with comedy networks, TV, and media partners for commercial use
Free complimentary tickets to televised TV comedy and late-night specials.
Collectible autographed items from renowned comedians and VIP collaborators
Complimentary free “LOL Face” PFP NFTs - Drop 02
(Gold/Silver Tier) Private -In-person comedy show for you and up to 25 of your guests
(Gold Tier) Exclusive dinner with a VIP comedian for you and 4 fortunate friends

Mark your calendars for May 15th, 2023 and join our community below: 

Check out the Discord: https://discord.com/invite/laughoutlabs 

Website - Join Our Limited Cap Waitlist: https://www.nftsareajoke.com/  

Public Mint: May 15th 2023 Open / Comment

2023-04-25 23:00:01 ​Opera integrates generative AI in the latest browser update

The multi-platform web browser Opera announced its forthcoming version Opera One with a plethora of new features including the in-browser integration of generative AI.

Artificial intelligence (AI) has been making headlines as the technology becomes more pervasive in major industries across the world.

The legacy web browser Opera announced the latest version of its application, Opera One, which will include a new generative AI integration. According to Opera , the in-browser AI feature known as AI Prompt will deliver users “contextual prompts” for web pages or highlighted text.

In a tweet, the web service provider said AI features will be automatically enabled for all users, and in addition, there will be quick access to other AI tools like ChatGPT and ChatSonic in the browser’s sidebar.

On the Opera One update page, it lists a few examples of how generative AI can be used while browsing which include shortened long texts for more accessible reads, explanations of “complex ideas” and content creation (i.e. tweets).

Currently, the AI-enhanced version of Opera One is released under early access. The company has called its updated browser a Web3, “future proof” platform.

Back in December, Opera launched a suite of security tools which were aimed at protecting users from malicious Web3 actors. The tools, known as Web3 Guard, are integrated into the original Opera browser which helps detect harmful decentralized applications (DApps) and seed phrase phishing attacks, among other features.

However, its latest AI integration falls in line with major trends in the emerging technology industry. Internet and tech giants such as Google, Microsoft, Amazon and more have all recently made AI-integration related-announcements since the beginning of the year.

Moreover, Elon Musk has also reportedly purchased thousands of GPUs for an upcoming Twitter AI project. Open / Comment