AI needs a killer app to prove its not a bubble Goldman Sachs, MIT

Analysts were split over whether todays AI investments would pay off in the next decade.

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Microsoft: AI Empowers Ireland's Remote Communities with New Tools

Microsoft's Skill Up Ireland initiative brings AI training to Inishbofin, benefiting innkeepers, weavers, and florists. (Read More)

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Microsoft pours $2.2B into Malaysia for cloud, AI expansion

In a statement, Microsoft said it will collaborate with the Malaysian government to establish a national AI Center of Excellence and improve cybersecurity capabilities.

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Why is Solana (SOL) price up today?

Today, the price of Solana has risen, propelled by a series of positive announcements related to the network and the Fed's decision to forego rate hikes in 2024.

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Solana-Based Memecoin Scammers Rake in $328 Trillion, Leaving Investors Unable to Sell

The cryptocurre­ncy realm experie­nced an astonishing event on April 29, 2024, whe­n an obscure Solana memecoin, Bonk Kille­r (BONKKILLER), experience­d a meteoric rise, re­aching an astounding $328 trillion market capitalization. However, this stagge­ring valuation concealed a dece­itful reality a malicious honeypot scam meticulously designed to trap inve­stors. Bonk Killer, a me­mecoin, gained over 1,000 […]

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Shiba Inu Mania: Price Surges 60% As Burn Rate Heats Up Over 22,000%

Shiba Inu (SHIB), the self-proclaimed “Dogecoin Killer,” has the crypto world buzzing once again. This meme coin, forever linked to the adorable Shiba Inu dog breed, has witnessed a meteoric rise in both price and burn rate, igniting a passionate fire within its devoted “Shiba Army” community. But beneath the current frenzy lies a crucial question: can Shiba Inu transform itself from a playful pup into a respected player in the ever-evolving cryptocurrency game? Related Reading: Ethereum Wallets Overflow: Over 90% Addresses In Profit, Ether To Retest ATH Shiba Inu Burns Bright: Can It Melt The Ice Of Skepticism? The recent surge stems from a staggering 22,432% increase in the burn rate over a 24-hour period, according to Shibburn, a platform dedicated to tracking SHIB transactions. This translates to a colossal 14 billion SHIB tokens being sent to a “dead wallet,” effectively removing them from circulation. Proponents hail this decrease in supply as a catalyst for long-term price appreciation, echoing the basic economic principle of scarcity driving demand. Source: Shibburn However, seasoned crypto veterans remain cautious. The dramatic rise is based on data from a limited timeframe (one week, one day), and the cryptocurrency market is infamous for its hair-trigger volatility. This rapid price increase could very well be a bubble on the verge of bursting, leading to a sharp correction. Additionally, the “meme coin” label itself carries a certain stigma. Meme coins, often lighthearted parodies, tend to be more speculative and prone to wild price swings compared to established cryptocurrencies with underlying utility. SHIB market cap currently at $20 billion. Chart: TradingView.com Shiba Army Marches On Despite the skepticism, the Shiba Inu community, affectionately known as the “Shiba Army,” pulsates with unwavering enthusiasm. They’ve been instrumental in the burning initiative, actively contributing to the surge. Furthermore, recent hints from Kusama, the lead developer of Leash (another token within the Shiba Inu ecosystem), regarding a potential token burn have further stoked the flames of community spirit. This dedicated fanbase is a powerful force, capable of influencing market sentiment and potentially propelling the price upwards. Related Reading: Bitcoin Bulls On Alert: Top Analyst Anticipates A Big Spike In The Cards A Look Beyond The Hype The future of Shiba Inu remains shrouded in uncertainty. The short-term outlook appears bullish, with some analysts predicting a surge towards $0.0001. However, long-term sustainability hinges on several crucial factors. The success of Shibarium, the upcoming layer-2 blockchain specifically designed for SHIB, will be a major determining factor. Furthermore, developing real-world use cases that extend beyond mere speculation is essential for Shiba Inu to shed its meme coin label and establish itself as a serious contender in the ever-evolving cryptocurrency landscape. Featured image from Nguyen Duc Khoi/Unsplash, chart from TradingView

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Discover Why Greedy L2s Are Killing ETH Investments, According to VC

The decline in Ethereum’s investment appeal may be attributed to the rise of Layer 2 solutions, according to a prominent crypto venture capitalist. Layer 2 scaling solutions aim to address the issues of high transaction fees and slow confirmation times on the Ethereum network, making it a more attractive option for investors. These Layer 2 [...]

The post Discover Why Greedy L2s Are Killing ETH Investments, According to VC appeared first on Crypto Breaking News.

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Wu-Tang Clans Ghostface Killah enters the blockchain to drop new tracks as Bitcoin Ordinals

Wu-Tang Clan's Ghostface Killah is about to drop new tracks on the Bitcoin blockchain through a new Ordinals collection.

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Wu-Tangs Ghostface Killah to Release Exclusive Music Collection on Bitcoin Blockchain

This week, the popular American rapper and Wu-Tang Clan member, Ghostface Killah, declared his intention to release exclusive tracks on the Bitcoin blockchain. The influential hip-hop artist mentioned that this issuance will encompass a 10,000-piece collection, granting owners the rights to the music. Ghostface Killah Innovates With Bitcoin-Backed Music Rights Collection Tracks produced by Wu-Tang [...]

The post Wu-Tangs Ghostface Killah to Release Exclusive Music Collection on Bitcoin Blockchain appeared first on Crypto Breaking News.

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How to financially prepare for a recession

To stay recession-proof, build an emergency fund, cut expenses, diversify investments, pay off debt and enhance your skills.

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Shiba Inu Predicted To Soar to $0.01, Surpassing All-Time High

Gov Capital, a data analytics platform, utilized advanced deep learning algorithms to make projections about Shiba Inu’s (SHIB) daily price until July 27, 2028. While the firm’s forecast indicated that SHIB is not expected to reach $0.01 or $1, it did anticipate the asset’s price surpassing its previous all-time high of $0.00008616. According to the […]

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Shiba Inu’s Future Price: Millionaires Dream or Fantasy Scheme?

Shiba Inu has established itself as a significant player in the cryptocurrency world, renowned for being a meme coin and holding the second-largest market position. The team behind SHIB has consistently displayed their commitment to its development through various initiatives. Currently, Shiba Inu is trading at approximately $0.000007, burdened by five zeroes in its indices. […]

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Do ‘Ethereum killers’ have a future? Here’s what the crypto community says

While many of the arguments support Ethereum, some argue that things can still go south for the network.

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Building a career in the metaverse: Skills and opportunities

Building a successful career in the metaverse requires a combination of technical, creative and business skills.

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Shiba Inu (SHIB) Community Picks Slogan for SHIB: The Metaverse

The SHIB Army barks for "a new tomorrow" while Shytoshi polishes Shibarium's Whitepaper in the situation room.

Continue reading Shiba Inu (SHIB) Community Picks Slogan for SHIB: The Metaverse at DailyCoin.

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Shiba Inu Fiat Transactions Now Gain Support From S.Korea’s Largest Exchange

Shiba Inu was able to incline by 28% after surpassing its lowering channel last week. As anticipated, SHIB’s price dropped a zero and surpassed $0.000011. SHIB has already produced two consecutive red candles on its daily chart as a result of the correction that was necessary due to the overbought conditions. SHIB attempted to break […]

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Nifty News: Fake Pokémon NFT game spreads malware, ‘Jai Ho’ singer to launch metaverse and more

Software used to access computers remotely has been inserted in a phishing website fronting as an NFT card game for the popular Pokémon franchise.

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Bonk Achieves New Milestone As Meme Coin: Eclipses Ethereum Transaction Count

Notorious Shiba Inu (SHIB) killer Bonk (BONK) has continued to surpass previous milestones, including surpassing the total number of transactions on the Ethereum (ETH) network, and is maintaining its stellar start as a meme coin. A tweet from the meme coin’s official account claims that in the last 14 days, the token has processed 4,623,518 […]

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Is SOL About To Crumble? Major NFT Projects Plan To Switch To Other Blockchains

In the preceding 24 hours, the sentiment of the cryptocurrency market as a whole was mixed, as the majority of top cryptocurrencies experienced mixed price changes. Solana is in a difficult position, since two of the ecosystem’s most prominent NFT projects are abandoning its network for rivals.  The outlook on the crypto remains bearish in 2022. On Monday, DeGods announced that the NFT collection will bridge to Ethereum in the first quarter of next year. The y00ts NFT collection, which is part of the same cohort, will move to Polygon. The official explanation for the transition to these blockchains has not been announced. Related Reading: VeChain Jumps By 4% As VET Investors Look To Profit Before Christmas Image: The Crypto Times What’s Going On With SOL? Due to bearish signal readings and unfavorable news, the crypto’s price could resume its freefall toward $10. Strong bearish momentum allowed the bears to push its price below the $12.00 threshold. As of writing, SOL was trading at $11.16, down 6.5% in the last seven days, data from Coingecko shows. The crypto’s price has retreated by 23.15% since December 15. Nonetheless, the bulls established support at the level, which stabilized the price activity. Regardless, bearish pressure persists as it continues to decline, although at a much slower rate. Concerns over the crypto’s exposure to the cryptocurrency exchange FTX increased as cryptocurrencies took a severe battering this year and its stock performance plummeted. Image: Business2Community Glory Days No More SOL’s price dropped by roughly 90% in 2022 after being a sparkling gem in 2021. It has fallen from a peak of $260 to its current price of $11.16. Solana established itself as a frontrunner in the rapidly growing field of decentralized finance (DeFi), a key application area for blockchain technology. In its zenith, DeFi’s total value locked (TVL) soared beyond $12 billion. Although Solana is regarded as the second-largest NFT ecosystem in the world, developers and projects are departing the network. According to data provided by DappRadar, the ecosystem’s NFT marketplace ranks fourth in terms of trade volume. The departure of DeGods and y00ts from the ecosystem is anticipated to drop the coin completely out of the top 10 in terms of sales volume. Related Reading: Why USDT Is Plunging While Other Stablecoins Are Not SOL total market cap at nearly $4.06 billion on the daily chart | Chart: TradingView.com What Now ‘Ethereum Killer?’ There are speculations that both projects requested funding from the Solana foundation in order to continue on the blockchain, although this has not been proven. Solana is a blockchain platform that competes with Ethereum. The proof-of-stake (PoS) system upon which it was founded is both quicker and less taxing on the environment than Ethereum’s. And while Ethereum can only process 20 transactions per second, Solana can process thousands. In the meantime, the price of SOL risks falling to the weekly and monthly lows of $11.00 and $10.90 respectively. If the “Ethereum Killer” breaks out of its downtrend and closes above the trendline, the bearish narrative could be invalidated.

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Binance Counters ‘Wrong Narratives’ About FTX — CZ Calls SBF ‘One of the Greatest Fraudsters in History’

The CEO of crypto exchange Binance, Changpeng Zhao (CZ), has countered several “wrong narratives” about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The Binance boss calls SBF “a master manipulator” and “one of the greatest fraudsters in history.” Binance’s CEO on ‘Wrong Narratives’ About FTX and Sam Bankman-Fried The CEO of

The post Binance Counters ‘Wrong Narratives’ About FTX — CZ Calls SBF ‘One of the Greatest Fraudsters in History’ appeared first on BTC Ethereum Crypto Currency Blog.

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