Author: Preeti Dangwal

Rich Dad, Poor Dad author Robert Kiyosaki has once more stated his support for bitcoin (BTC), gold, and silver. According to him, the amount of these assets that investors currently own is more significant than concerns about the future pricing of those assets. Kiyosaki recommends consumers to get BTC, gold, and silver now while they are still at discount rates because they might not be as accessible in the future. The American businessman claims that the country’s dire financial situation and the impending crash in stocks, bonds, and real estate are the reasons he is investing in these assets. Since…

CoinDesk asserts that the global growth of cryptocurrencies as a new investable asset class will alter how the internet operates. New business model analyses, measurements, benchmarks, reporting and audit structures, data suppliers, and buy- and sell-side research structures will result from this. To properly analyze crypto networks, protocols, and applications, investors must be familiar with ideas like Metcalf’s Law, Moore’s Law, Lindy effects, open-source technologies, composability, and the 10-year window. Ethereum is getting close to its “broadband moment,” when throughput issues are solved by a layer-2 blockchain, allowing for scalable infrastructure to handle new apps and the subsequent billion users.…

The Author’s Guild in the United States filed a class-action complaint against OpenAI, funded by Microsoft, on September 19, alleging exploitation of copyrighted content during the training of its artificial intelligence (AI) models, according to Cointelegraph. The lawsuit asserts that OpenAI’s large language models (LLMs) flagrantly and harmfully violated registered copyrights in fictional works by copying works verbatim without authorization or compensation. The Author’s Guild, representing a group of paid fiction writers, contends that the LLMs jeopardise fiction writers’ ability to support themselves through their artistic endeavours. The group asserts that AI models might have been created using items in…

According to reports, Apple is looking into the idea of adding a built-in stock trading facility to its iPhones. Millions of consumers will now have easier access to investing, which could put existing brokerage systems to the test. The innovation occurs at a time when mobile trading apps have become extremely popular and enable users to purchase and sell stocks at the touch of a button. According to sources close to the company, Apple’s entry into the stock market is a part of a larger plan to improve the financial services provided through its ecosystem. Insiders allude to attributes including…

Reports says that Meta has refuted claims that its artificial intelligence (AI) model Llama was developed using content that was protected by copyright from well-known novels. On September 18, Meta asked for the accusations brought by author Sarah Silverman and other authors accusing the business of breaking copyrights to train its AI system to be dismissed in a San Francisco federal court. The parent corporation of Facebook and Instagram claimed that using materials to train its systems constituted “fair use” and was “transformative.” Meta compared their situation to Authors Guild v. Google, Inc., where fair use was established for Google’s…

The ‘Online Privacy Bill,’ which extends online safety regulations to virtual worlds like the eagerly awaited Metaverse, has reportedly been approved by the UK Parliament. The legislation, which was unveiled in March of last year, aims to hold businesses responsible for identifying and reducing any risks that kids may face when interacting with virtual environments. Companies working in the digital sector, particularly those providing access to virtual worlds like the Metaverse, will be required to carry out extensive risk assessments under the requirements of the Online Privacy Bill. These evaluations will determine how likely it is that children will come…

According to CryptoPotato, recent milestones have been reached for Shiba Inu (SHIB), Ripple (XRP), and Bitcoin (BTC). With 58.6 million XRP balances maintained in these wallets and around 47.8 million XRP reserves, Ripple’s XRPL is almost at 5 million total accounts. An automated market maker (AMM) and a clawback feature have recently been added to XRPL. Users won’t be able to recover their XRP tokens via the clawback mechanism, though. The total number of freshly certified contracts for Shibarium, Shiba Inu’s layer-2 scaling solution, increased by 530% on September 18. At the beginning of the month, there were more than…

Coincu claims that Litecoin (LTC) has been unable to overcome a consistent resistance level at $70 since mid-August despite numerous tries. LTC witnessed a slight decline from its level of $68.46 on September 20th. Even while it is still a well-liked option for portfolio diversification, Litecoin’s performance in 2023 has been subpar when compared to the whole cryptocurrency market. LTC experienced a notable 18.6% return last week to reach $68 thanks to purchases made by LTC whales when the price was falling. Prior to the impending Federal Open Market Committee (FOMC) meeting, the buying pressure has decreased. Currently, buyers are…

Last week, Bitcoin’s transaction volume significantly increased and its price somewhat increased at the same time. According to data from IntoTheBlock, the amount of reported Bitcoin transactions hit approximately 703,000, which is the highest level in almost two years. This increase in transactions happened as Bitcoin’s price this week rose to $27,000. Additionally, the number of daily active addresses on the network increased. According to Bitinforcharts data, the number of daily active addresses increased to a multi-month high on September 15th, going from 754,000 two years prior to 1.08 million. Surprisingly, the day prior, Ethereum briefly outperformed Bitcoin in terms…

With the help of DAO governance, SushiSwap has suggested a bond programme in Arbitrum to enhance liquidity control. The programme offers quarterly bond sales and incentives for owners of LP tokens in an effort to make use of idle ARB tokens. Due to SushiSwap’s background as a Uniswap fork and prior aggressive strategies to gain liquidity, many have questioned the company’s objectives. The proposed bond programme would enable Arbitrum to utilise unused ARB tokens that are now held in its vault, enhancing the protocol’s own liquidity base and transforming a portion of the cash in the vault into yield-producing assets.…

As the company’s bankruptcy procedures near their conclusion, a new wave of phishing attempts are allegedly focusing on the creditors of the insolvent cryptocurrency lender Celsius Network. Social media postings over the past week have revealed an upsurge in phishing attacks from con artists pretending to be Stretto, the platform for bankruptcy services used by Celsius and its creditors. On September 18, some users claimed to have received phishing emails purporting to be from Celsius, while others claimed to have received phoney emails with harmful links that purported to be from Stretto, the claims agent handling the bankruptcy case. Users…

Foresight News reports that Liberty City Ventures and Abu Dhabi startup capital firm Further Ventures jointly led a $14 million seed fundraising round for Middle Eastern blockchain infrastructure platform Fuze. Fuze was founded in December 2022 and this year joined Hub71, Abu Dhabi’s international technological ecosystem. The company’s white-label solution enables businesses to sell digital assets including stablecoins, cryptocurrencies, central bank digital currencies (CBDCs), and tokenized assets by handling the regulatory burden and blockchain complexity for corporations.

Coincu claims that the Balancer frontend has been targeted, and the Balancer team is presently looking into the matter. Users are recommended to take precautions and hold off on using the Balancer UI until further notice. So far, a loss of almost $238,000 has resulted from the attacker sending stolen money to the address 0x645710Af050E26bB96e295bdfB75B4a878088d7E. PeckShieldAlert reports that MEXC, a cryptocurrency exchange, sent 1.04 $AVAX to the attacker’s associated address, 0xf998. In a recent update, it was noted that the hacker converted 15.4 $ETH into roughly 2,730 $AVAX before sending the money to MEXC’s deposit address.

Foresight News reports that the token economy model and other upgrades are detailed in the whitepaper for the Web3 social application Phaver. According to the whitepaper, the in-app purchase points feature will reportedly go live in the fourth quarter of 2023, while the advertising functionality will debut in 2024. Phaver also intends to launch an NFT series through various in-app tools. The entire supply cap for the token economy paradigm, as revealed by Phaver, is 10 billion tokens. Phaver also intends to launch a quarterly token burn programme using money earned from fiat money, native tokens, or other liquid tokens.…

Blockchain technology has found use in a variety of industries since Bitcoin BTC first popularised it, including public administration and finance. What was formerly seen as an innovation statement for early adopters has transformed into a potent tool for modernising legacy systems, enabling improved decentralisation, transparency, and immutability. Due to worries about governance and security, as well as its close ties to the cryptocurrency ecosystem, many government agencies have been hesitant to incorporate blockchain into their paper-based operations despite its proven real-world use cases. However, a paradigm shift is taking place, particularly in emerging economies where blockchain is seen as…

According to Cointelegraph, as part of a broader cryptocurrency market uptrend, Litecoin’s (LTC) price rose by 3.85% to over $68.50 on September 19, setting a three-week high. Despite this, Litecoin underperformed the overall cryptocurrency market in 2023, declining 3.85% year to date (YTD) compared to the latter’s 39% gains during the same time frame. This week has seen a lot of focus on the Federal Open Market Committee (FOMC) meeting, which ended on September 20. Federal Reserve officials were anticipated to suspend continued interest rate hikes. Before the ruling, U.S. stocks and the majority of crypto assets rose as a…

CoinDesk reports that a London High Court judge has maintained a previous decision that operators of the Bitcoin.org website, including the fictitious Cbra, must reveal their identities to avoid paying hefty legal fees demanded by self-declared Bitcoin inventor Craig Wright. In April 2021, Wright served legal proceedings against Cbra regarding the copyright of the Bitcoin whitepaper, claiming that the website’s administrators had violated his rights by allowing the publication of the material. Wright asserts that he is the real Satoshi Nakamoto, and that he is the owner of the rights to the Bitcoin Manifesto. A judge ruled that the white…

Thailand’s Revenue Department intends to levy personal income tax on foreign earnings, including those from cryptocurrency trading, for people who have been residents for more than 180 days, according to Cointelegraph. The first tax forms, including those for foreign income, will be given in 2025. The new regulation will go into force on January 1, 2024. Until recently, only foreign income sent to Thailand in the year it was earned was subject to tax. By requiring people to report all foreign income, even if it is not spent locally, the new legislation plugs this loophole. The change’s justification, according to…

As part of a request to compel hearing, the United States Securities and Exchange Commission (SEC) was unable to persuade the judge to provide them quick access to Binance.US software. Nine additional senators have backed U.S. Sen. Elizabeth Warren’s Digital Asset Anti-Money Laundering Act, according to a statement from her office. SEC rejects Binance’s request for immediate access.a US programme The Securities and Exchange Commission of the United States was unable to gain rapid access to Binance.The judge stated that he is “not inclined to allow the inspection at this time” with regard to the US’s software. The SEC’s move…

Foresight News reports that Wanxiang Blockchain Labs’ 2023 Shanghai Blockchain International Week was keynoted by Avery Ching, co-founder and chief technology officer of Aptos Labs. Ching emphasised the necessity for the sector to quicken the adoption of blockchain for all internet users, enhance user experience, and increase the number of blockchain applications in the gaming, social, finance, media, and entertainment industries. The Asia-Pacific region is a key support area for the Web3 business, according to Ching, and gaming presents a sizable possibility in the Web3 space. He added that less than 0.4% of all internet users are currently early blockchain…