News - Page 36

Baidu, a Chinese tech giant specializing in internet and Artificial Intelligence (AI)-related services, has announced plans to launch a paid version of its ChatGPT-like bot Ernie. This move comes as part of Baidu's efforts to advance AI development and foster economic growth.

Crypto whales have recently made significant transfers of Ethereum (ETH) and Shiba Inu (SHIB) worth hundreds of millions of dollars. These transactions were detected by the blockchain tracker Whale Alert.

BaFin, the German financial regulatory authority, has gained recognition as one of the world's leading influencers in crypto regulation. With a focus on enabling the advancement of digital currencies, BaFin has successfully established a secure regulatory framework. This achievement has been acknowledged by industry experts, such as Dejan Maljevic, the managing director of BitGo Europe, who stated, 'BaFin is recognized as one of the world's key trendsetters in crypto regulation. It enables the progress that digital currencies entail while creating a secure regulatory framework.' This milestone represents the culmination of dedicated efforts and signifies a significant step forward in the crypto industry.

The global discussions surrounding artificial intelligence (AI) and real-world assets have experienced a sudden increase, according to data from Santiment. Traders and investors are now shifting their focus away from bullish or bearish markets. Instead, they are exploring the potential of AI and real-world assets as emerging hot spots in the financial landscape.

Turkey has been on the 'grey list' of the Paris-based global money laundering and terror financing watchdog, the Financial Action Task Force (FATF), since 2021.

In a recent plea agreement, the founder of Oyster Protocol, Amir Elmaani, admitted to minting new PRL tokens after the initial coin offering (ICO), despite publicly stating that the token supply would not increase. Elmaani also acknowledged that he had locked the smart contract that created PRL, but went on to use it to mint new tokens without informing anyone, including other team members. This admission contradicts his previous statements and raises concerns about the transparency and integrity of the Oyster Protocol project.

Turkey is taking significant steps to revamp its cryptocurrency regulations in order to persuade the Financial Action Task Force (FATF) to remove it from the 'grey list'. The FATF recently reported that Turkey is fully compliant with 39 out of the 40 standards established by the international financial watchdog, with the only area of concern being crypto-assets.

Vitalik Buterin, the co-founder of Ethereum, recently transferred 100 Ethereum (ETH) coins to Coinbase, sparking curiosity within the crypto community. This move, valued at approximately $181,000 on November 1, has left many wondering about its implications.

Amir Bruno Elmaani, the founder of the cryptocurrency scheme Oyster Protocol, has been sentenced to four years in prison for tax evasion. This landmark case highlights the legal consequences faced by individuals in the crypto industry who fail to fulfill their tax obligations.

A trader who accurately predicted the bottom of Bitcoin's 2018 bear market believes that the cryptocurrency is on the verge of another significant upward movement. The trader, known as Bluntz, has a large following on the social media platform X and has identified a bullish pennant pattern in Bitcoin's current consolidation phase.

Name.com has confirmed that the domains are now routed back to their proper DNS under our control. They have assured us that they will provide us with information about the cause of the incident once they complete their full investigation tomorrow.

The crypto prices today have started the month on a positive note, continuing the rally from October. This upward momentum is in line with the "Uptober" sentiment that is typically observed in the digital asset space. The crypto market fear and greed index currently stands at 72, indicating a "greed" scenario in the market.

The XRP price has increased by 3% in the last 24 hours, reaching $0.60 and pushing its market cap to $31.7 billion. On-chain data reveals that this price surge is accompanied by a rise in whale participation. According to Santiment, the number of wallets holding at least 10,000 XRP has reached an all-time high of 277,620. This surge in price and whale activity suggests a positive outlook for XRP.

Ripple's native cryptocurrency XRP has maintained stability around the current level of $0.59, following the recent upsurge in the crypto market. Analysts expect a positive outcome for XRP going into November 2023.

Top Republican lawmakers are demanding that the U.S. Securities and Exchange Commission's (SEC) April 2022 rule on crypto accounting be blocked. They argue that the rule, known as Staff Accounting Bulletin (SAB) 121, is harmful and prevents companies from revealing their crypto asset balances.

A crypto strategist warns that Dogecoin (DOGE) may experience a deep pullback after failing to break through a key resistance level. The pseudonymous analyst, Rekt Capital, notes that Dogecoin respected its multi-month diagonal resistance last week, indicating a potential fall to its support at around $0.053. The recent weekly close below the channel top resistance suggests that the DOGE breakout is postponed, with previous similar closes resulting in downside movement. However, if DOGE can hold its highs and reclaim the channel top as support, there may still be a chance for an upward move. On the weekly chart, DOGE needs to convert the $0.07 resistance into support to confirm the channel breakout. At the time of writing, DOGE is trading at $0.0697.