Today at Chaintalk News

May 20, 2024

Monarch – One App For Everything

cointelegraph

Ripple publishes math prof’s warning: ‘public-key cryptosystems should be replaced’

Mathematician Massimiliano Sala says current encryption methods won’t protect blockchain systems from quantum computers.

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Bitcoin bulls take charge as SOL, AR, GRT and FTM flash bullish signs

Bitcoin is hogging all the limelight, but SOL, AR, GRT and FTM are also trying to move higher.

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OpenAI leadership responds to former employee safety allegations

The company’s head of alignment, Jan Leike, resigned on May 17, stating they’d reached a “breaking point” with management.

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Tornado Cash verdict has chilling implications for crypto industry

The conviction of Tornado Cash developer Alexey Pertsev reinforces a very broad interpretation of criminal liability, which has major repercussions for blockchain.

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Bitcoin clings to $67K, but analysis warns of 10% BTC price drop next

Bitcoin bulls are enjoying 10% month-to-date gains currently, but one trader warns that the picture should soon look very different for BTC price action.

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Venezuela bans crypto mining to protect power grid

This move follows a recent crackdown involving the confiscation of 2,000 cryptocurrency mining devices as part of an anti-corruption initiative.

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XRPL on-chain transactions jump 108% in Q1 2024

The XRP Ledger recorded 251.39 million on-chain transactions during the first quarter of 2024, an increase of approximately 108% over the fourth quarter of 2023.

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Phantom Wallet climbs Apple app store charts — Bullish sign for Solana?

Phantom Wallet has climbed to third place in the utility category on the Apple app store, and several crypto commentators are taking this as a bullish signal for Solana.

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Bitcoin’s $66.9K price holds strong, casts doubts on a ‘deep correction’

Despite ongoing speculation about Bitcoin’s next potential “deep correction,” some cryptocurrency analysts disagree on its likelihood.

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Trader turns $3K into $46M in PEPE, Ethereum gas overhaul, Tornado dev guilty: Hodler’s Digest, May 12-18

Trader makes millions after PEPE price soars, a new gas model for Ethereum, and Tornado Cash developer convicted.

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Microsoft faces multibillion-dollar fine in EU over Bing AI

The company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27.

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‘Godfather of AI’ advises UK government to start UBI

Geoffrey Hinton also warns that advanced AI could pose an existential threat within the next five to 20 years.

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LayerZero identifies over 800K addresses in sybil self-reporting phase

Initially, the team identified over two million addresses as potential sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification.

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Why is XRP price up today?

XRP whale accumulation and cooling inflation in the U.S. are the top catalysts behind the cryptocurrency's ongoing price recovery.

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What is the Ethereum (ETH) burn address

The Ethereum burn address is a null address where ETH and other Ethereum-based tokens are sent to be permanently removed from circulation.

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AI safety researchers leave OpenAI over prioritization concerns

Following the recent resignations, OpenAI has opted to dissolve its “Superalignment” team and integrate its functions into other research projects within the organization.

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US authorities bust $73M crypto scam, make two arrests

The scammers convinced victims to transfer millions of dollars into U.S. bank accounts, which were then used to launder the illicit funds.

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Genesis Global secures court approval for $3B payout

According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake.

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If SEC approves spot Ether ETFs, many ‘will be caught severely offside’

Coinbase institutional research analyst David Han believes “there is room for surprise to the upside on this decision.”

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Aussie admits to promoting BitConnect crypto services without a license

The Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform at four seminars and via two social media posts.

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Biden may rethink SAB 121 vote veto due to political support for crypto

The U.S. Congress bipartisan vote has overwhelmingly demonstrated its rejection of the SEC’s SAB 121. President Biden threatened to veto the overruling. Will the executive branch overthrow Congress’s decision?

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Crypto personality pleads guilty to fraud after promising 60% ‘fictitious’ returns

The United States Department of Justice alleges Thomas John Sfraga convinced a victim to invest in a “fictitious” cryptocurrency” wallet after promising significant gains.

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Changpeng Zhao teases writing project ahead of reporting to prison

On April 30, a judge sentenced the former Binance CEO to four months in federal prison but did not set a reporting date at his hearing.

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Ghana, Singapore conduct trade in semi-fungible token pilot project

Project DESFT is meant to encourage trade between small businesses using a CBDC and a stablecoin, emphasizing credentialing.

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Alex Labs freezes $3.9M of exploited funds sent to CEXs after hack

The team behind the Bitcoin layer-2 developer has successfully frozen some exploited crypto after the attacker tried to cash out by sending funds to exchanges.

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Crypto Biz: Galaxy, CoinShares Q1 results, ETFs on the blockchain, and more

This week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting on blockchain, Polymarket’s funding raise, and a leadership transition at dYdX.

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Blockchain gaming investments reached nearly $1B in April

The investment figures come alongside a record high 2.9 million daily unique active wallets (dUAW) for the month.

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Ethereum price rallies above $3.1K after unexpected regulatory victory

ETH price hit $3,100, backed by a favorable court ruling and increased network activity.

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Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

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Tornado Cash founder sent to prison, DeFi’s EU struggles: Finance Redefined

The Tornado Cash developer has been detained in the Netherlands since August 2022 after the United States government blacklisted Tornado Cash.

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