Musk’s alleged price manipulation, the Satoshi AI chatbot and more

Dogecoin Investor Accuses Elon Musk of Insider Trading in Amended Class Action Lawsuit

Dogecoin Investor Group Requests Leave To Fix Class Action Lawsuit Against Tech Entrepreneur Elon Musk, Who Claims DOGE Is Responsible For Insider Trading, Token Is Unregulated By U.S. Securities And Exchange Commission and claimed to be securities based on The lawsuit alleges that Musk inflated the price of the token through actions such as changing the Twitter logo to Dogecoin’s logo, profiting from the DOGE trade at the expense of other investors. The Twitter CEO, one of the richest people in the world, has frequently spoken out about Dogecoin to his millions of followers since 2019, which often causes the token’s price to soar. .

Satoshi Nak AI Moto: Bitcoin founder turned AI chatbot

Satoshi Nakamoto may have virtually disappeared over a dozen years ago, but two artificial intelligence dabblers are trying to bring back the ability to chat with the famous bitcoin creator. . This model is essentially his ChatGPT in OpenAI, trained on a limited dataset including Nakamoto’s public emails, forum posts, and other Bitcoin sources. In tests, chatbots typically generate responses that are uncertain about the future of fiat currencies and hopeful about bitcoin. Its goal, one of its creators said, is to demonstrate the potential use of AI tools in education.

Buying Banks Won’t Solve Crypto Debanking Problem — Binance CEO

Binance CEO Changpeng “CZ” Chao is considering buying a bank as cryptocurrency companies bankruptcy around the world. However, according to CZ, it is unwise for Binance due to regulatory complexity and capital requirements. “Reality is much more complex than concept,” said a cryptocurrency executive. Binance recently lost a fiat onramp and offramp partner in Australia after having trouble finding a banking partner in the US earlier this year. The company is looking for new payment providers in the country.

Crypto.com has been granted a leading clearing house license for Digital Payment Token (DPT) services in Singapore. The license allowed the cryptocurrency exchange to offer her DPT services to domestic customers. This announcement further strengthens Crypto.com’s track record of securing regulatory licenses. The exchange is also registered and/or licensed in France, UK, Dubai, South Korea, Australia, Italy, Greece and Cyprus.

Web3 developer Magic raises $52 million in funding led by PayPal Ventures

Wallet-as-a-Service provider Magic has raised $52 million in a strategic funding round led by PayPal Ventures. Venture firms including Cherubic, Synchrony, KX, Northzone and Volt Capital also participated in this funding round, bringing Magic’s total funding to over $80 million. Magic’s software is currently used by retail, music, fashion and gaming brands such as Mattel, Macy’s, Xsolla and Immutable. Founded in 2020, Magic has so far generated over 20 million unique wallets.

winner and loser

Bitcoin over the weekend (BTC) is in $27,160,ether (ethereum) and $1,903 and XRP and $0.52.The total market capitalization is $1.15 trillion, according to Go to Coin Market Cap.

Top 3 Altcoin Gains This Week Among Top 100 Cryptocurrencies Are Injective (INJ) 22.67% by volume (QNT) 18.60% on the XDC network (XDC) It was 15.92%.

This week’s top 3 altcoin losses are Pepe (Pepe) -14.26% on Hippopotamus (Hippopotamus) -11.13% with flare (FLR) at -10.80%.

For more information on cryptocurrency prices, be sure to read Cointelegraph’s market analysis.

most memorable quotes

“The bear period is over. […] We will likely see a new high in late 2024 or 2025. […] It will probably reach a maximum of 6 trillion to 8 trillion [in market capitalization]”

Dan Tapierofounder of 10T Holdings and 1RoundTable Partners

“Is it the creators of AI who are responsible for creating the tools used to infringe copyright, or is it the people actually using the tools to infringe copyright? Is not it?”

Andrew PetalY Intellectual Property Trademark Attorney

“The debt ceiling agreement is essentially a departure from the traditional financial system, and thus highlights the usefulness of Bitcoin.”

Josh GilbertMarket Analyst at eToro

“Although Ethereum does not have the largest market capitalization compared to Bitcoin, I think Ethereum is the most likely candidate in terms of promoting global adoption.”

Roger VerEarly Bitcoin Investor and Bitcoin Cash Advocate

“Cryptocurrency, like the Internet before it, has the potential to modernize finance and many other areas. […] By providing a faster, cheaper, more private and accessible platform. “

Brian ArmstrongCoinbase CEO

“Combining the power of cryptography with the power of decentralized cryptographic networks like Bitcoin can bring costs and consequences to cyberspace.”

Michael ThalerMicroStrategy Executive Chairman

Forecast for the week

Bitcoin Drops To $26,500, But Traders Look Out For ‘Bullish Surprise’ Opportunity

On Bitstamp, the BTC/USD pair hit a low of $26,519 this week, showing little sign of a change in trend as the stalemate between the bulls and bears continues and little volatility has been seen.

Analyzing the current setup, pseudonymous trader Crypto Ed thought that the top could plateau at $27,500. “I think it will drop, but unless it breaks below $26,000, there could be some bullish surprises,” he said.

Bitcoin still needs to tackle the region above $27,600 to break out of the current impasse, continued Crypto-Ed. “We now expect a rally towards the previous range-high resistance of $27,500, from which we will probably look for shorts towards $25,000,” he said.