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Californias Senate passed Assembly Bill 1836, prohibiting unauthorized AI-generated replicas of deceased personalities without prior consent to protect performers rights and likenesses.
The market sentiment towards Ethereum (ETH) has turned relatively bearish, largely due to the cryptocurrencys recent price volatility. This negative sentiment is evident in Ethereums new active addresses, having crashed by a whopping 43%, underscoring reduced network activity and investor confidence. New Active Addresses On Ethereum Decline Data from The Block is showing notable fluctuations [...]
The post Ethereum Sees 43% Crash In Active Addresses, Whats Going On? appeared first on Crypto Breaking News.
OpenAIs potential transformation into a for-profit corporation is not impossible, but it will likely not be an easy process.
Ethereum, the second-largest cryptocurrency by market capitalization, is signaling a potential price recovery based on recent data from its perpetual futures market. According to a CryptoQuant analyst named Shayan, Ethereums futures market has noticed a notable shift that could indicate an upcoming price surge. The key to this analysis lies in the 30-day moving average [...]
The post Ethereums Futures Market Points To Potential BreakoutHeres What You Need To Know appeared first on Crypto Breaking News.
The partnership comes shortly ahead of the implementation of the MiCA regulatory framework for crypto service providers.
He also said itll solve all physics and usher in an era our grandparents couldnt have imagined.
Ethereum (ETH) holders appear to be adopting varying strategies amid ongoing market uncertainty, latest data from CryptoQuant shows. Particularly, according to a recent analysis by a CryptoQuant analyst under the pseudonym ‘Darkfost,’ a noticeable shift in ETH’s investor behaviour is taking place. So far, larger holders of Ethereum and smaller retail investors are exhibiting signs [...]
The post Ethereum Holders Show Mixed Signals: Are The Big Players Losing Interest? appeared first on Crypto Breaking News.
Pumas latest partnership could be a pivotal moment for mainstream crypto adoption and play-to-earn gaming.
Ethereums bullish fractal pattern from 2021 consists of a five-point setup, which ETH is currently mirroring in 2024.
Regardless of the Ethereum (ETH) price’s unappealing performance, the latest analysis from top crypto analysts in the space predicts that the asset might be on the verge of a parabolic rise. In a recent post uploaded on X, renowned crypto analyst Javon Marks has laid out an optimistic scenario for Ethereum, suggesting a potential price [...]
The post Is Ethereum Primed For Surge? Analyst Reveals Key Levels to Watch For A $8,100 Rally appeared first on Crypto Breaking News.
The Friend.tech team said on Sept. 10 that it has no plans to discontinue its website application.
LangGraph v0.2 introduces new checkpointer libraries, including SQLite and Postgres options, to enhance customization and resilience in LLM applications. (Read More)
Ethereums underperformance against Bitcoin is largely due to competition from Solana and the weaker-than-anticipated debut of its spot ETFs.
Scientists are using quantum algorithms to uncover new insights into how our brains learn and apply information.
BNB Chain launches voting for its 4th Anniversary Ecosystem Catalyst Awards, recognizing innovative projects in various categories. Voting runs from September 2 to September 9. (Read More)
The two companies face antitrust probes in the US and EU over their partnership.
Technology commentator Edward Zitron claims OpenAI will need to make several changes to survive beyond two years, but some industry executives disagree.
Joe Consorti, an analyst at The Bitcoin Layer and advisor to self-custody app Theya, released an incisive critique on the future of Ethereum in comparison to Bitcoin, shedding light on why he believes Ethereum is facing a “slow and painful death.” Published on X, his analysis titled “The Slow & Painful Death of Ethereum” compares the two leading cryptocurrencies, emphasizing significant underperformance and declining market interest in Ethereum. Why Ethereum Is Dying Consorti begins his analysis by highlighting the stark contrast in performance metrics between Ethereum and Bitcoin over the past year. Ethereum, according to Consorti, has suffered a 10.6% drop in value since January, whereas Bitcoin has recorded a substantial 42% increase. This divergence is underscored by the ETH/BTC ratio which has recently broken below the 0.05 level, a critical threshold for the two assets historically. This ratio, Consorti argues, is more than just a number; it represents the shifting balance of power in the crypto market. Related Reading: Solana, Ethereum Attract Traders Amid Bitcoin Open Interest Plunge The more important gauge of the staying power of Ethereum, and all of “crypto” by extension, is ETH/BTC. By removing dollars from the denominator, we can clearly see that from a market dominance perspective, all of “crypto” is on life support. ETH/BTC has cratered through the key 0.05 level, an arbitrary threshold but crucial to the trading behavior of the two assets over the years, Consorti writes. Talking about the reasons, Consorti points to the differing narratives that have driven investor interest in both cryptocurrencies. Ethereum’s narrative has largely been built around its technological advancements and potential applications, from smart contracts to decentralized finance. However, Consorti suggests that this narrative is no longer resonating with investors as it once did, leading to diminished hype. On the other hand, Bitcoin continues to attract investors with its clear value proposition of being a decentralized, finite digital asset, which Consorti refers to as “absolute scarcity.” The analyst points to the performance of the US spot Exchange Traded Funds (ETFs). He notes that US-based Ethereum ETFs have experienced consistent net outflows, totaling over $110 million during an 8-day streak, indicating waning investor confidence. In stark contrast, Bitcoin ETFs have not only launched successfully but have continued to attract significant capital, accumulating approximately $750 million in net inflows. Related Reading: Ethereum (ETH) Eyes $3,000: Data Suggests Imminent Breakout Another pivotal aspect of Consortis argument centers around the monetary policies of Ethereum and Bitcoin. Ethereum’s shift to a Proof of Stake (PoS) consensus mechanism in 2022 initially led to a deflationary supply mechanism. However, this was short-lived, as highlighted by a subsequent upgrade that increased Ethereum’s supply by 200,000 ETH over five months. The ultrasound money narrative has also died on the vine, Consorti adds. He criticizes the frequent changes of monetary policies, contrasting it with Bitcoin’s fixed supply of 21 million coins, which he argues offers investors a reliable hedge against inflation and monetary debasement. This makes BTC appealing to everyone. Bitcoin’s fixed monetary policy and absolutely scarce supply schedule are a breath of fresh air for investors who are keen on hedging themselves from unfettered monetary debasement. While ETH ETFs are off to an abysmal start, Bitcoin ETFs have managed to grab the number 3 and 9 spot in YTD net inflows amongst all US-based ETF products, Consorti notes. The broader financialization of Bitcoin is also a key theme in Consorti’s analysis. He discusses recent developments such as Nasdaqs filing to allow Bitcoin options trading, which reflects Bitcoin’s growing integration into mainstream financial markets. This, Consorti implies, not only enhances Bitcoin’s legitimacy but also its attractiveness as an investment vehicle relative to Ethereum, which has seen its ecosystem deteriorate in parallel with the price decline of its native token. At press time, ETH traded at $2,522. Featured image created with DALL.E, chart from TradingView.com
After previously opposing another AI-related bill, SB 1047, OpenAI has expressed support for AB 3211, which would require watermarks on AI-generated content.
The Hong Kong Mortgage Corporation Limited (HKMC) alerts the public to an impersonation scam involving fake loan offers and a fraudulent website. (Read More)
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