Googles new Gemini AI model dominates benchmarks, beats GPT-4o and Claude-3

This is the first time Googles taken the top slot on the Chatbot Arena leaderboard.

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Ethereum Undergoes Major Breakout, Path To New All-Time High?

Ethereum has yet to witness a move on the upside today, following the historic approval of the ETH Spot Exchange-Traded Funds (ETFs). However, given the impact of the exchange funds, as seen with Bitcoin, several crypto analysts and market watchers anticipate a major rally for ETH in the upcoming months. Joining the fray is popular cryptocurrency expert and trader Javon Marks, who has spotlighted a noteworthy breakout in the price action of Ethereum, speculating that the development may trigger a notable rally for the crypto asset. Ethereum Breakout Signal New All-Time Highs Marks’s prediction emphasizes the possibility that ETH could reach unprecedented price levels after the emergence of several distinct Bullish Metrics. He noted that shortly after exhibiting multiple distinct bullish metrics, ETH’s prices confirmed a major breakout. Due to this, a significant move in the upward trajectory could be underway. Related Reading: Ethereum Rally Looms: Analyst Predicts ETHs Next Stop Is $5,300 Earlier this month, Marks pointed out about four bullish metrics in the price of Ethereum. These include a Bull Flag-like price structure, Higher Lows in price action, Lower Lows in the Relative Strength Index (RSI), and Larger Upside price breakout to the $4,811 price mark. Sharing insights on the Bull Flag-like pattern, Javon Marks claims a breakout could result in new all-time highs for ETH, and for the benefit of many Altcoins. However, a few days later, the analyst reported that Ethereum was getting close to the Bull Flag pattern’s breakout levels. Should a successful breakout take place, it will only kickstart the next stage of substantial growth.  Specifically, in the event of a breakout, the price of ETH might rise by about +50% from the level then, to $4,811. Furthermore, it might potentially result in prices topping at $5,000 and setting new peaks.  Meanwhile, less than 2 hours later the expert confirms the asset has broken out of the pattern at lightspeed and is surging in the upward direction. Thus following this breakout, ETH’s prices may be poised for another 23.4% from the current level to the aforementioned price targets, while suggesting that further growth could be on the horizon. ETH Sees Bearish Movement Currently, the digital asset is seeing a bearish movement after failing to break above the $4,000 mark once again. Even though the entire crypto market is experiencing a bearish momentum, a good recovery is still expected to happen soon. Related Reading: When Spot Ethereum ETFs Go Live Expect A Bloodbath, Says Expert Despite the approval of ETH spot ETFs, the coin has recorded a decline of over 5% in the last 24 hours. However, in the past week, ETH has amassed gains of more than 20%, showing resilience to attract more. Its market capitalization has decreased by over 5% in the past day to $445.95 billion. Meanwhile, its trading volume is valued at $45.29 billion, indicating a more than 65% increase in the past day. Featured image from iStock, chart from Tradingview.com

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Shiba Inu Breaks Out Of Bull Flag Pattern-Like, Signaling Uptrend

In a noteworthy development for Shiba Inu investors and traders, well-known cryptocurrency analyst and enthusiast Javon Marks has verified SHIB’s break out from the Bull Flag pattern, an indicator that typically signals the start of an upward price movement. Shiba Inu Breakout To Trigger A Continuation 210% Price Increase Mark’s emphasis delves into the current bullish momentum surrounding Shiba Inu, which has caused traders and investors in the meme coin market to feel optimistic once again, indicating that the crypto asset could be positioned for more gains. Related Reading: If This Happens, Shiba Inu Price Could Double Soon According to the expert, SHIB has now exited a smaller Bull Flag-like pattern, and it is currently holding above it. This breakout appears to be significant as Javon Marks noted that it could start another major wave in an already enormous run on the upside. Specifically, this lesser break can trigger a continuation in an over 210% (3X) run to $0.000081 from the $0.0000254 level, provided that the larger breakout also holds. In addition, should Shiba Inu surpass the $0.000081 level, it might be poised for an additional 90% increase to the $0.0001553 mark. The post read: With a larger breakout also holding, this smaller break can initiate a continuation in an over 210% run to the $0.000081 target which is more than 3X from here. A break above $0.000081 and SHIB may just be set for another +90% move to $0.0001553. The analyst further drew attention to his previous forecasts, in which he predicted a run to the $0.000081 price level. He previously noted that Shiba Inu has made a strong comeback and appears to be primed for yet another huge surge towards the $0.000081 target. Thus, given the progressive breakout from the resisting trend, another 141% upside move to hit the aforementioned price target may not be far off. Also, following price declines, SHIB will garner strength to reach the level and move even higher to $0.0001553. Pullbacks To Buttress The Move Javon Mark affirms that since SHIB’s break out from the resisting trend, it has increased by over 129%, suggesting that a run is well within reach. At this point, Marks claims that as long as current prices maintain their breakout, pullbacks might only enhance these prices. Additionally, an extra 252% price increase toward $0.000081 will be aided by these pullbacks. Related Reading: Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy? It is important to note that the analyst’s prediction began when SHIB ended a 441-day downtrend in September last year. Given the significance of the development, Marks believed SHIB was about to surge, putting his target at $0.000081, a 975% rise from $0.0000074. As of the time of writing, Shiba Inu was trading at $0.0000257, demonstrating over 6% growth in the past day. Both its market cap and trading volume have also attracted significant gains of about 6.83% and 147%, respectively. Featured image from Shutterstock, chart from Tradingview.com

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Dogecoin Forms Symmetrical Triangle, Rally On The Horizon?

Amidst a significant surge displayed by Dogecoin (DOGE) recently, popular crypto analyst Crypto Daily Trade Signals has identified a symmetrical triangle pattern in the price movements of the crypto asset, indicating a possible continuation of the present rising trend. Based on the expert analysis, Dogecoin, which has attracted a lot of attention and interest from investors lately, may be preparing to build on its current momentum and make more gains. Significance Of Dogecoin Symmetrical Triangle Pattern A symmetrical triangle chart pattern is a consolidation phase that precedes a forced breakout or decline in price. A new bearish trend begins with a breakdown from the lower trend line, while a new bullish trend begins with a breakout from the upper trend line. Related Reading: Dogecoin Successfully Breaks Out Above $0.153, What Next? According to the analyst, the symmetrical triangle pattern presents a major obstacle for DOGE at the $0.1545 price level. At the same time, the 50-day Exponential Moving Average (EMA) continues to provide support at the $0.1513 level. Even though the current market price is above the 50 EMA and suggests a bullish bias, Crypto Daily Trade Signals noted that Dogecoin has to surpass the resistance level of $0.1595 in order to confirm that the upward trend is continuing.  This perspective is further strengthened by the Relative Strength Index (RSI), which is currently above the 50 EMA and supports a purchasing trend. The post read: Dogecoin has formed a symmetrical triangle pattern, presenting a significant hurdle around the $0.1545 mark. Simultaneously, support persists around the $0.1513 level, reinforced by the 50-day EMA. The expert highlighted that DOGE is at a pivotal point around $0.15100 on the 4-hour chart, indicating a bullish momentum, and an immediate resistance at the $0.15950 mark. The first obstacle to be cleared is the immediate resistance at $0.15950, which is followed by the $0.16980 and $0.18440 levels. Although caution is advised if DOGE drops below the pivot point, the RSI’s current position indicates an opportunity for more profits. Thus far, the upward trend is supported by a firm base provided by the 50-day EMA around $0.15130. Meanwhile, on the negative side, $0.14270 provides immediate support, while $0.13240 and $0.12030 provide additional levels of support, with the RSI at 53, which denotes neutral conditions. Is $12 DOGE Possible? Crypto analyst Javin Marks has also shared insights on Dogecoin’s recent price action, predicting a potential massive rally to $12. According to the expert, based on previous breakouts and runs, DOGE has maintained its broken status once more. Related Reading: Is Dogecoin About to Take Off? Indicators Suggest Upward Momentum Ahead These runs have become bigger one after the other, and the last run recorded over 20,000% upsurge. Given the nature of the runs, Javon Marks anticipates the recent run, which might be in its early stage now, to be bigger than the last one. As a result, the expert experts DOGE to reach $12 or even higher following the run. Also, Marks noted that after the run has concluded, DOGE could see another massive rise of over 7,500%. Featured image from iStock, chart from Tradingview.com

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Ripples Acquisition of Hidden Road Marks a Game-Changing Moment for XRPL, According to Ripple CTO

Ripple Makes Strategic Acquisition of Hidden Road, Gains New XRPL CTO In a bold move to strengthen its position in the cryptocurrency space, Ripple has recently acquired Hidden Road, a prominent software development firm specializing in blockchain technology. This acquisition marks a significant milestone for Ripple as it aims to enhance its capabilities and drive [...]

The post Ripple’s Acquisition of Hidden Road Marks a Game-Changing Moment for XRPL, According to Ripple CTO appeared first on Crypto Breaking News.

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Trump Company Seeks Trademarks for Exclusive Metaverse and NFT Marketplace

The Trump Organization has taken steps to enter the metaverse NFT market by filing trademarks for a branded marketplace. As the NFT craze continues to gain momentum, the move by the company founded by former US President Donald Trump signals an interest in capitalizing on the digital asset trend. The trademarks filed by the Trump [...]

The post Trump Company Seeks Trademarks for Exclusive Metaverse and NFT Marketplace appeared first on Crypto Breaking News.

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End of an Era: Over 4 Years Pass Without Self-Proclaimed Satoshis

Satoshi Nakamoto, a captivating figure in the world of cryptocurrencies, remains an enigma, intriguing both crypto enthusiasts and experts. Numerous individuals have stepped forward over the years, proclaiming themselves as the elusive creator of Bitcoin. However, none of them have succeeded in providing substantial evidence or convincing the wider crypto community. Interestingly, it has been [...]

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HSBC, Mastercard File More Crypto-Related Trademark Applications

HSBC and Mastercard, two major players in the banking and payment industries, have submitted additional trademark applications related to cryptocurrencies with the United States Patent and Trademark Office (USPTO). Mastercard’s filing focuses on crypto and blockchain transactions while HSBC’s application focuses on metaverse banking and services related to non-fungible tokens (NFTs). HSBC and Mastercard Expand [...]

The post HSBC, Mastercard File More Crypto-Related Trademark Applications appeared first on Crypto Breaking News.

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Africa and Asia-Focused Fintech Jia Raises $4.3 Million in Seed Funding Round

Jia, a blockchain fintech startup, recently revealed it has raised $4.3 million in a seed funding round which was led by the early-stage consumer crypto fund TCG Crypto. Jia has said it will use the funds raised to bolster its Kenyan and Philippines operations. Later, Jia will also use the capital raised to fund the [...]

The post Africa and Asia-Focused Fintech Jia Raises $4.3 Million in Seed Funding Round appeared first on Crypto Breaking News.

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Nissan Expands Web3 Efforts with Trademarks and Metaverse Auto Sales

Nissan has filed four new Web3-related trademarks in the US and is experimenting with auto sales in the metaverse in Japan. The trademarks cover its Infiniti, Nismo, and Nissan brands and include plans for virtual goods and a nonfungible token (NFT) marketplace. Nissan Japan is conducting a three-month "demonstration experiment" of its virtual store "Nissan Hype Lab," allowing customers to "study, consult, test drive and purchase Nissan vehicles" while in the metaverse. The company's moves are in line with other car manufacturers, including General Motors and Ford, who have also been actively filing trademark applications for Web3, crypto, NFTs, and the metaverse. (Read More)

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Car makers, fashion giants and pet food brands seek Web3 trademarks as 2023 rolls on

The first two months of 2023 haven't seen a slowdown in trademark filings, with recent filings covering automotive, clothing and fast-moving consumer goods.

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Firms to Launch Benchmarks for Metaverse-Linked Tokens on Jan. 30

<p class="MsoNormal">Derivatives marketplace operator, CME Group, and cryptocurrency benchmark indices provider, CF Benchmarks, will launch three new Metaverse reference rates and real-time indices on January 30, the firms announced on Thursday. </p><p class="MsoNormal">The benchmarks, which will be calculated and published daily by CF Benchmarks, will provide “accurate and resilient pricing data” for tokens linked to the Axie Infinity (AXS), Chiliz (CHZ) and Decentraland (MANA) Metaverse-based platforms. The benchmarks will be published as non-tradable futures products, the firms said.</p><p class="MsoNormal">“Each of the new Axie Infinity, Chiliz, and Decentraland benchmarks will be calculated with pricing data from a minimum of two of these exchanges – Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital,” the firms disclosed in a statement, adding that the benchmarks will be based on “robust methodologies” and will be regularly vetted by experts.</p><p class="MsoNormal">The firms further noted that each benchmark will provide the US dollar price of each digital asset. These prices will be “published once-a-day at 4 pm London time,” <a href="https://www.financemagnates.com/tag/cme-group/" target="_blank" rel="follow">CME Group</a> and CF Benchmark said, further noting that each index will be published around-the-clock.</p><p>Check out this FMLS22 session on Metaverse and trading.</p><p class="MsoNormal text-align-justify">CME Group and CF Benchmark Aim for ‘Transparent, Regulated and Round-the-Clock Pricing’</p><p class="MsoNormal">Speaking in the statement, Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products noted that the cryptocurrency industry has continued to see increased interest in <a href="https://www.financemagnates.com/cryptocurrency/the-metaverse-is-misunderstood/" target="_blank" rel="follow">Metaverse projects</a>. </p><p class="MsoNormal">"With increased price transparency across more cryptocurrency products, market participants will be able to price sector-specific portfolios, <a href="https://www.financemagnates.com/cryptocurrency/can-the-metaverse-facilitate-sustainable-growth-of-decentralized-finance-defi-systems/" target="_blank" rel="follow">develop structured products</a> with greater confidence and manage price risk around various Metaverse-based projects,” Vicioso explained. </p><p class="MsoNormal text-align-justify">Also speaking, Sui Chung, CEO of CF Benchmarks, expressed excitement at being able to provide investors with exposure to all types of digital assets through high benchmarking standards.</p><p class="MsoNormal">"These benchmarks will provide accurate and resilient pricing data for tokens linked to the Metaverse, an exciting new scion of crypto where properties and communities can exist wholly within a virtual realm," Chung added.</p> This article was written by Solomon Oladipupo at www.financemagnates.com.

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CME Group, CF Benchmarks to Launch Metaverse Indices

<p class="MsoNormal">The derivatives marketplace operator, CME Group, and cryptocurrency benchmark indices provider, CF Benchmarks, will launch three new Metaverse reference rates and real-time indices on January 30, the firms announced on Thursday. </p><p class="MsoNormal">The benchmarks, which will be calculated and published daily by CF Benchmarks, will provide “accurate and resilient pricing data” for tokens linked to the Axie Infinity (AXS), Chiliz (CHZ) and Decentraland (MANA) Metaverse-based platforms. The benchmarks will be published as non-tradable futures products, the firms stated.</p><p class="MsoNormal">“Each of the new Axie Infinity, Chiliz, and Decentraland benchmarks will be calculated with pricing data from a minimum of two of these exchanges – Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital,” the firms disclosed in a statement, adding that the benchmarks will be based on “robust methodologies” and will be regularly vetted by experts.</p><p class="MsoNormal">In addition, the firms noted that each benchmark will provide the US dollar price of each digital asset. These prices will be “published once-a-day at 4 pm London time,” CME Group and CF Benchmark said, noting that each index will be published around-the-clock.</p><p>Check out this FMLS22 session on Metaverse and trading.</p><p class="MsoNormal text-align-justify">CME Group and CF Benchmark Aim for ‘Transparent, Regulated and Round-the-Clock Pricing’</p><p class="MsoNormal">Giovanni Vicioso, CME's Group Global Head of Cryptocurrency Products, noted that the cryptocurrency industry has continued to see increased interest in <a href="https://www.financemagnates.com/cryptocurrency/the-metaverse-is-misunderstood/" target="_blank" rel="follow">Metaverse projects</a>. </p><p class="MsoNormal">"With increased price transparency across more cryptocurrency products, market participants will be able to price sector-specific portfolios, <a href="https://www.financemagnates.com/cryptocurrency/can-the-metaverse-facilitate-sustainable-growth-of-decentralized-finance-defi-systems/" target="_blank" rel="follow">develop structured products</a> with greater confidence and manage price risk around various Metaverse-based projects,” Vicioso explained. </p><p class="MsoNormal text-align-justify">Also speaking, Sui Chung, the CEO of CF Benchmarks, expressed excitement at being able to provide investors with exposure to all types of digital assets through high benchmarking standards.</p><p class="MsoNormal">"These benchmarks will provide accurate and resilient pricing data for tokens linked to the Metaverse, an exciting new scion of crypto where properties and communities can exist wholly within a virtual realm," Chung added.</p> This article was written by Solomon Oladipupo at www.financemagnates.com.

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CME Group and CF Benchmarks to Launch Metaverse Indices

<p class="MsoNormal">The derivatives marketplace operator, CME Group, and cryptocurrency benchmark indices provider, CF Benchmarks, will launch three new Metaverse reference rates and real-time indices on January 30, the firms announced on Thursday. </p><p class="MsoNormal">The benchmarks, which will be calculated and published daily by CF Benchmarks, will provide “accurate and resilient pricing data” for tokens linked to the Axie Infinity (AXS), Chiliz (CHZ) and Decentraland (MANA) Metaverse-based platforms. The benchmarks will be published as non-tradable futures products, the firms stated.</p><p class="MsoNormal">“Each of the new Axie Infinity, Chiliz, and Decentraland benchmarks will be calculated with pricing data from a minimum of two of these exchanges – Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital,” the firms disclosed in a statement, adding that the benchmarks will be based on “robust methodologies” and will be regularly vetted by experts.</p><p class="MsoNormal">In addition, the firms noted that each benchmark will provide the US dollar price of each digital asset. These prices will be “published once-a-day at 4 pm London time,” CME Group and CF Benchmark said, noting that each index will be published around-the-clock.</p><p>Check out this FMLS22 session on Metaverse and trading.</p><p class="MsoNormal text-align-justify">CME Group and CF Benchmark Aim for ‘Transparent, Regulated and Round-the-Clock Pricing’</p><p class="MsoNormal">Giovanni Vicioso, CME's Group Global Head of Cryptocurrency Products, noted that the cryptocurrency industry has continued to see increased interest in <a href="https://www.financemagnates.com/cryptocurrency/the-metaverse-is-misunderstood/" target="_blank" rel="follow">Metaverse projects</a>. </p><p class="MsoNormal">"With increased price transparency across more cryptocurrency products, market participants will be able to price sector-specific portfolios, <a href="https://www.financemagnates.com/cryptocurrency/can-the-metaverse-facilitate-sustainable-growth-of-decentralized-finance-defi-systems/" target="_blank" rel="follow">develop structured products</a> with greater confidence and manage price risk around various Metaverse-based projects,” Vicioso explained. </p><p class="MsoNormal text-align-justify">Also speaking, Sui Chung, the CEO of CF Benchmarks, expressed excitement at being able to provide investors with exposure to all types of digital assets through high benchmarking standards.</p><p class="MsoNormal">"These benchmarks will provide accurate and resilient pricing data for tokens linked to the Metaverse, an exciting new scion of crypto where properties and communities can exist wholly within a virtual realm," Chung added.</p> This article was written by Solomon Oladipupo at www.financemagnates.com.

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Visa's trademark applications suggest more involvement in crypto space

The company's trademark owner applied for its name to be used in software “to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange” crypto and NFTs.

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Nifty News: IHOP bamboozles crypto users with ‘NFT,’ Logan Paul’s NFT falls to $10 and more

The YouTube star’s huge loss on his NFT has been bumped up by a measly bid after he shared how much it had dropped in value since his purchase last year.

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Nifty News: Zilliqa teases Web3 gaming console, Funko teams up with Warner Bros. and more…

Specifications on Zilliqa’s "user-friendly" console are yet to be revealed, but a prototype design resembling an Xbox console has been released.

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BlackRock Bitcoin Private Trust to Be Benchmarked by Kraken's CF Benchmarks Bitcoin Index

The world’s largest investment management firm BlackRock's Bitcoin Private Trust, will use the Kraken subsidiary CF Benchmarks Bitcoin Index as a benchmark for issuance, The Block reported. (Read More)

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Pharmacy Chain CVS Files for ‘Crypto-Collectible’ and NFT Trademarks – Bitcoin News

The American retail and pharmacy corporation CVS is looking to enter the metaverse according to trademark filings registered with the United States Patent and Trademark Office (USPTO). The filings mention things like CVS Health-brand “downloadable virtual goods” and “crypto-collectibles.” CVS Trademark Filings Discuss Virtual Worlds and NFTs The drugstore giant CVS has filed a series […]

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McDonald’s Files For Metaverse Trademark

McDonald’s is jumping head-first into the metaverse. I can only imagine what virtual Big Macs are going to taste like… Covered: McDonald’s Enters The Metaverse Other Corporations Going Virtual is it because i said wagmi https://t.co/vMucAfNnDW — McDonald's (@McDonalds) February 4, 2022 After McDonald’s stepped in to roast crypto bag holders for enduring a 50% […]

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