News - Page 14

Sam Bankman-Fried, a prominent figure in the crypto world, has undergone a transformation in his goals and aspirations. While he initially presented himself as an effective altruist, whose primary objective was to accumulate wealth for charitable purposes, recent allegations suggest a different motive.

Modulus is a cutting-edge technology that harnesses the power of zero-knowledge machine learning (ZKML) to ensure the accuracy and integrity of AI models. By utilizing zero-knowledge proofs, Modulus provides a robust method for verifying the correct execution of AI models.

Some people in the crypto community have long assumed that Web3 would naturally follow the same path as the Web did in the 1990s. However, this assumption overlooks the regulatory advantages that the early Web enjoyed, such as the absence of sales tax and the legal protections provided by acts like the Digital Millennium Copyright Act and the Communication Decency Act. These regulatory tailwinds played a significant role in the success of the Web. It is important to recognize that Web3 does not have the same favorable regulatory environment and will face different challenges. As we navigate the development of Web3, it is crucial to consider the regulatory landscape and work towards creating a supportive framework for its growth and adoption.

Floki, in a recent post on X (formerly Twitter), has accused Bitget of listing the token without permission and subsequently listing a fake version of TOKEN before its official release. Floki further alleges that Bitget conducted tens of millions of dollars worth of trading volume without actually possessing any tokens in their wallet.

The crypto markets operate 24/7, which poses a challenge for traders who have other daily responsibilities. Additionally, a significant number of participants in these markets are non-professional retail investors. As a result, their attention to the market is limited, leading to delayed reactions.

The trial of Sam Bankman-Fried (SBF) in October has sparked discussions and speculation within the crypto industry. Industry insiders are now analyzing the implications of the concluded trial.

The Chainlink coin recently broke through a resistance trendline, resulting in a significant rally. However, the LINK price is now facing a strong supply barrier at the $12 level, hindering further upward movement. This suggests that a bearish pullback may be imminent.

XRP has gained the attention of crypto enthusiasts as whales continue to move XRP, leading to strong uptrend movements.

A widely followed crypto analyst, Altcoin Sherpa, has shared his predictions for two altcoins - THORChain (RUNE) and Blur (BLUR). Altcoin Sherpa believes that THORChain is ready to move up, with the next target price being $3. THORChain is a decentralized liquidity protocol that enables the exchange of assets across different blockchain networks without the need for centralized intermediaries.

The paper presents a radical rethinking of how blockchains could work by separating out the various functions of a distributed ledger into distinct 'application layers'. The main focus is on optimizing the way users query the network for data. By doing so, the authors aim to minimize the total resources required to run the main blockchain.

The Commodity Futures Trading Commission (CFTC) has paid out $16 million to whistleblowers this year, with the majority of the 1,530 tips received involving cryptocurrency. Commissioner Christy Goldsmith Romero stated that crypto continues to be an area with pervasive fraud and other illegal activities. The rise of cryptocurrency has led to more retail customers falling under the CFTC's jurisdiction, making the efforts of the CFTC's Whistleblower Program and the Office of Customer Education and Outreach even more crucial.

The Theta coin price has experienced a significant uptick in recent weeks, rising from $0.564 to its current trading price of $0.745, marking a 32% increase. This surge in buying interest has positioned the coin to challenge the upper trendline of a longstanding falling wedge pattern, indicating a potential continuation of its bullish momentum.

Bitcoin (BTC) price is overheating amid calls for a pullback to allow fresh liquidity to enter the market ahead of the next rebound targeting highs above $40,000. The bellwether cryptocurrency has experienced significant gains over the past year, with a 66.6% increase. However, recent data shows a slight decrease in value over the last 24 hours, trading at $34,370.

The Relative Strength Index (RSI) is a popular technical analysis tool used by traders to identify overbought and oversold conditions in the market. It measures the strength and speed of a price movement and provides insights into the potential direction of an asset.

In an interview with CoinDesk, Simon Barnby, Archax's chief marketing officer, stated that everyone is in the same state as them when it comes to applying for service provision. He emphasized that all participants are allowed to provide the service while the application process is ongoing. Barnby mentioned that if a participant successfully passes the application process, it is considered positive. However, if a participant does not pass, they would have to cease providing the service.

Tuesday was a much quieter day for Bankman-Fried compared to Monday. He seemed to have improved his responses, providing slightly tighter answers than before. However, his overall tone remained consistent with earlier in the week, giving the impression that he did not want to be there.