Top stories of the week
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.
Wall Street loses its fear of Bitcoin as money printing presses go haywire
“Moral Responsibility”: Can Blockchain Really Increase Trust in AI?
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.
FUD of the week
Missing ‘Bitcoin Millionaire’ and ONFO Coin Co-Creator Found Dead
Co-founder of cryptocurrency project ONFO Coin About a week after his disappearance, he was found dead from an apparent gunshot wound. John Forsyth, a cryptocurrency advocate and emergency room doctor, was reported missing by his relatives after failing to show up to work at a hospital in Missouri. The ONFO coin project allows users to earn coins by referring others to the platform. The company calls this “network mining.” Forsythe joins the list of cryptocurrency advocates and founders who died under mysterious circumstances.
Jinbos Protocol Offers Public Bounty Of $800,000 After Hackers Ignore Deal
DeFi platform Jinbos Protocol gave the public 10% of the misappropriated funds after giving hackers days to respond to the deal. His Arbitrum-based DeFi app was exploited on his May 28th due to a lack of liquidity conversion slippage control, allowing the abuser to seize approximately $7.5 million worth of assets. The team behind the exploited protocol attempted to negotiate with the hacker offering an “immediate payday of $800,000” in exchange for his 90% return of funds. This time, the protocol has extended bounty offerings to the general public.
Multi-Chain Team Unable to Identify CEO, Suspends Affected Chains
Cross-chain protocol Multichain reveals its team has lost contact with CEO Zhaojun, and rumors that the protocol’s leader may have been arrested in China amid ongoing technical troubles is rising. The protocol has experienced technical issues over the past week, delaying transactions on multiple cross-chain he bridges. After failing to contact the CEO and without permission to address the matter, the team announced on May 31 that 10 companies including KeKchain, Public Mint, DynoChain, Redlight Chain, Dexit, Ekta, High Performance Blockchain, Onus, Omax and Findora. We have temporarily suspended the services of the above chains. and plank.
Best Features of Cointelegraph
Bitcoin Is On A Collision Course With The Promise Of “Net Zero”
Every year, countries are under pressure to step up their efforts on climate change at the COP conference, making bitcoin mining an easy target.
Mad Scientist NFT Degrades When Traded: 0xDEAFBEEF, NFT Creator
Self-proclaimed tinkerer 0xDEAFBEEF has hit big with audio-visual NFTs that slowly degrade in quality with each trade.
AI Eye: 25,000 traders bet on ChatGPT stock selection, AI is bad at throwing dice and more
Distributed ledger technology is probably everything that AI lacks: transparent, traceable, trustworthy, and tamper-proof. Can you offset the opacity of AI’s black-box solutions?
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