News - Page 34

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.

The U.S. Department of Justice has concluded its case against Bankman-Fried after a nearly five-week trial. The case centered around the disappearance of billions of dollars worth of customer funds from the FTX crypto exchange. Assistant U.S. Attorney Nicholas Roos, who presented the DOJ's findings, stated that there was no dispute regarding the missing funds. Bankman-Fried has been charged with two counts of wire fraud and five counts of conspiracy in relation to the operation and collapse of FTX and Alameda Research, his trading firm.

In order to attract traditional gamers to explore Web3, it is crucial for games to prioritize fun over the play-to-earn model. This shift in focus allows game developers to fully embrace the original gaming ethos and create an engaging experience for players.

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.

Web2 has primarily focused on the progression from social to finance, while Web3 is now shifting from finance to social. This shift has led to a growing emphasis on the social element of Web3, with various initiatives such as Friend.tech and on-chain loyalty programs gaining attention.

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.

The upcoming policy statement and press conference by the U.S. central bank will have a significant impact on bitcoin prices. There are signs that the Fed might not raise interest rates further in this cycle, which could potentially lead to a breakout in bitcoin prices.

The price of Ethereum (ETH) has lost momentum just above $1,800, dampening investor optimism for a potential rise above $2,000. Although declines have been minimal below the immediate support/resistance level at $1,800, bulls lack the momentum to resume the upward trend.

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

Coinbase, the leading cryptocurrency exchange in the U.S., has recently launched a new trading avenue for its users. This exciting development allows eligible retail customers in the country to trade in crypto futures. By offering futures contracts at 1/100th of a Bitcoin and 1/10th of an Ethereum, Coinbase aims to cater specifically to this demographic and expand the range of trading options available.

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.