Author: instant-news

Source: Adobe / Dennizn In a blog post released on August 8, Bitstamp, the oldest cryptocurrency exchange, declared its intention to “permanently” halt trading of certain altcoins for its users based in the United States, starting August 29, 2023. The suspended assets include Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), NEAR Protocol (NEAR), The Sandbox (SAND), and Solana (SOL). “Considering recent developments, we are making some changes to our crypto offerings—specifically for our customers residing in the United States,” the exchange said in the announcement on Tuesday. While Bitstamp has not explicitly stated the motives behind its decision, there are…

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Bitcoin / Source: Adobe The Bitcoin (BTC) price is holding within recent ranges to the north of the $29,000 level in the wake of the latest mixed US jobs report for July. The report revealed that the US economy added 187,000 jobs in July, below the expected gain of 200,000. Moreover, June’s job gain of 209,000 was revised lower to a job gain of 185,000. However, a separate survey of households revealed that the unemployment rate had unexpectedly declined to 3.5% from 3.6% in June. Average hourly earnings growth was also stronger than expected, rising 0.4% MoM in July against…

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Bitcoin Taking Off / Source: Adobe Could owning one Bitcoin (BTC) make you a millionaire? According to prominent figures in the crypto space like Ark Invest’s CEO Cathie Wood and MicroStrategy executive chairman (and former CEO) Michael Saylor, yes. In a report released by Ark Invest earlier this year, Cathie Wood and co. predicted that Bitcoin could hit a price of $1.48 million by 2030, a rise of 6,300% in just seven years. In the report, Ark Invest outlined its view that Bitcoin is to become a “multi-trillion-dollar markets” that outperforms “every other major asset class over long time horizons”.…

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When it comes to artificial intelligence in music, legendary rock musician Nick Cave is not a fan. The 65-year-old lead singer of Nick Cave and the Bad Seeds (the band behind the theme song of the crime drama “Peaky Blinders”) took to his blog to answer fan questions about ChatGPT and the music business. “ChatGPT rejects any notions of creative struggle, that our endeavours animate and nurture our lives giving them depth and meaning,” Cave wrote. “It rejects that there is a collective, essential and unconscious human spirit underpinning our existence, connecting us all through our mutual striving.” When asked his view on an…

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In the race to develop advanced artificial intelligence, not all large language models are created equal. Two new studies reveal striking differences in the capabilities of popular systems like ChatGPT when put to the test on complex real-world tasks. According to researchers at Purdue University, ChatGPT struggles with even basic coding challenges. The team evaluated ChatGPT’s responses to over 500 questions on Stack Overflow, an online community for developers and programmers, on topics like debugging and API usage. “Our analysis shows that 52% of ChatGPT-generated answers are incorrect and 77% are verbose,” the researchers wrote. “However, ChatGPT answers are still preferred…

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A New Zealand supermarket’s artificial intelligence-powered app designed to help customers creatively use leftovers has gone rogue, cheerfully suggesting recipes for toxic chemical weapons over family dinner. Pak ‘n’ Save launched its “Savey Meal-bot” app late last month, advertising it as a high-tech way to whip up money-saving meals during tough economic times. After entering ingredients on hand, users receive an auto-generated recipe from the app’s AI technology, complete with enthusiastic commentary like “Delicious!” and “Yum!”  Artificial Intelligence How to Uncensor Any AI Large Language Model Like ChatGPT Have you ever asked your Large Language Model (LLM) for something, only…

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Source: GettyImage According to the latest Coinshares Fund Report, outflows into short Bitcoin (BTC) products have ceased for the first time in fourteen weeks. This notable shift in the market suggests that significant digital asset funds are now adopting a different strategy towards the leading cryptocurrency, seeking alternative opportunities for returns. In the report published on August 7th, 2023, titled “Digital Asset Fund Flows | Week 32,” James Butterfill, the head of research at CoinShares, unveiled that Bitcoin saw the largest weekly outflow since March; however, investors have ceased to bet on the fall of BTC. Source: CoinShares Despite the report suggesting a…

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Source: GettyImage According to the latest Coinshares Fund Report, outflows into short Bitcoin (BTC) products have ceased for the first time in fourteen weeks. This notable shift in the market suggests that significant digital asset funds are now adopting a different strategy towards the leading cryptocurrency, seeking alternative opportunities for returns. In the report published on August 7th, 2023, titled “Digital Asset Fund Flows | Week 32,” James Butterfill, the head of research at CoinShares, unveiled that Bitcoin saw the largest weekly outflow since March; however, investors have ceased to bet on the fall of BTC. Source: CoinShares Despite the report suggesting a…

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Source: Adobe The staunchest Bitcoiners, known in industry terms as long-term holders, now control more Bitcoin (BTC) than ever before, new data from blockchain analytics firm Glassnode has revealed. According to the data, the so-called long-term holder supply now stands at 14.599 million BTC, representing 75% of the circulating BTC supply. 14.599 million BTC held by long-term holders is the highest reading ever recorded for this metric, Glassnode said. The number has increased by 43,949 BTC (approximately $1.3 billion) in the past seven days alone. Long-term holders are wallet addresses that have held on to their coins for 155 days or more,…

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Binance Logo / Source: Adobe Binance’s latest proof-of-reserves (PoR) report has come under scrutiny following its depleting USDC reserves after the collapse of Silvergate Bank. The report released on Aug 1 to show transparency in the exchange’s dealings with user assets has sparked arguments across social media spaces heightened by Brian Armstrong’s witty comment at the company’s latest earning call. Per the report, the exchange’s USDC balance plummeted from $3.4 billion to $23.9 million between March 1 and April 1, 2023. Recall that Binance began implementing its USDC to Binance USD (BUSD) swap in September 2022 leading to diminishing USDC issuance but at the…

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