Elon Musk's latest AI creation, Grok, aims to provide real-time knowledge, humor, and unrestricted conversational experiences, but faces challenges due to rushed development, limited training, low parameter count, and a price tag, raising concerns about the reliability of information, the potential for misinformation, and the lack of multimodal capabilities.
Crypto startup Ava Labs has laid off a significant number of employees, particularly impacting its communications and marketing teams, highlighting the continued struggle faced by crypto companies amid the industry's ongoing bear market.
Artificial general intelligence (AGI) may be only three to eight years away, according to Ben Goertzel, CEO of SingularityNET, as advancements in large language models have increased enthusiasm and resources for AGI development. However, concerns remain about the potential dangers and ethical implications of AGI.
Senator Ted Cruz (R-TX) has announced his acceptance of bitcoin for campaign donations, following a trend of politicians, including mayors and presidential candidates, embracing the cryptocurrency, potentially shifting sentiment on Capitol Hill, despite resistance from the Biden Administration's push for a Central Bank Digital Currency (CBDC).
Solana's recent price surge does not align with its on-chain activity, as its DApp metrics, including total value locked and active user numbers, are relatively low compared to its competitors, raising concerns about centralization and dissatisfaction among token holders.
Crypto YouTuber Benjamin "Bitboy" Armstrong has filed a lawsuit against his former colleagues and affiliates over the alleged theft of his Lamborghini and involvement in racketeering activities, adding to the multiple legal complaints that have been filed against Armstrong in Georgia in the past four months.
Former Alameda Research CEO Caroline Ellison faces backlash as a resurfaced clip of a children's show suggests her involvement with FTX and Alameda may have started at a young age, while a blog connected to her expresses frustrations with elementary school education and racial diversity.
Coinbase is removing support for Bitcoin SV and will liquidate customers' holdings of the cryptocurrency unless they withdraw their coins by January 9. Bitcoin SV has faced delistings and controversy due to a "51% attack" and its association with Craig Wright, who claims to be Bitcoin's creator.
Reports have emerged of attendees at the Bored Ape festival experiencing eye burns, extreme pain, and impaired vision after being exposed to UV lights, with the company investigating the issue.
The Office of the Inspector General of the SEC has highlighted the lack of legislative clarity and interagency coordination as challenges in regulating crypto assets, while also facing difficulties in hiring crypto specialists due to competition with the private sector and unwillingness of candidates to divest their crypto assets.
BTC remained relatively stable while large-cap altcoins experienced gains of 5%-10% in a broader crypto rally, indicating a shift towards riskier assets and a potential altcoin season.
Several guests who attended a Bored Ape NFT event in Hong Kong reported experiencing eye pain and burning, which they attribute to the bright lighting during the event. Yuga Labs, the company behind the event, confirmed the complaints and is investigating the cause.
The Bitcoin price uptrend may be coming to an end in the short term as it faces pressure at the $35,500 level, while Ethereum price is at a critical point below the $1,935 mean threshold, and Ripple price's bullish momentum faces a challenge at the $0.800 level.
OpenAI announced upgrades to its products, including ChatGPT's latest version, GPT-4 Turbo, which improves context length and accuracy, introduces JSON mode, and eliminates the need to select a specific model. They also introduced the Assistants API, a text-to-speech AI assistant with real-time data capabilities, and rolled out prompt-based GPT development for non-coders. Additionally, OpenAI launched Copyright Shield to defend against copyright infringement claims.
Bitcoin traders remain cautious at higher levels, as reflected by a marginal rise of about 1.5% last week, but the positive sentiment among investors can be seen in increased Bitcoin withdrawals from exchanges, indicating a belief that a spot Bitcoin exchange-traded fund may eventually be approved by regulatory authorities.
Fidelity Investments' global macro director, Jurrien Timmer, predicts that Bitcoin could reach over $96,210 by 2025 based on real interest rates and BTC's adoption rate.
"The Simpsons" released NFTs of Bart, Homer, and their skateboard, which sold out globally for $60 each, but later mocked NFTs in an episode, while the digital collectibles marketplace VeVe acknowledged the reference on Twitter.
The Ethereum (ETH) price broke a 200-day descending resistance trendline and reached a new yearly high of $1,916, with analysts predicting further increases and a potential surge to $3,400 if certain conditions are met.
Eight new arrests have been made in India in connection with a $300 million cryptocurrency scam that targeted around 100,000 victims, including government officials and police personnel, with investigations still ongoing.
The S&P 500 Index had its best performance since November 2022, rising 5.85%, driven by expectations that the Federal Reserve will not raise rates, while Bitcoin had a more muted performance with a 2% rise and altcoins may benefit from a risk-on sentiment in the cryptocurrency market.
Bitcoin can serve as a hedge against deflation and has no counterparty risk due to its decentralization, making it a preferable investment choice over gold, according to Cathie Wood, founder of ARK Invest.
Investment in crypto products reached $261 million last week, marking a six-week period of positive inflows and the longest streak of inflows since early 2022, with Bitcoin being the largest recipient of weekly inflows, followed by Ethereum and Solana.
Silicon Valley investment firm Proof Group is one of the contenders to relaunch the collapsed cryptocurrency exchange FTX, with a decision expected by mid-December.
Llama, a platform for on-chain access control and governance, has raised $6 million from investors and aims to provide an all-in-one system for companies using smart contracts.
Litecoin's price has maintained the $70 level for three consecutive days due to increased network demand and growing adoption, with the possibility of reaching $100 as 2024 approaches. However, the price must overcome resistance at $76 to reach the target of $80, while a drop below $65 could attract support from LTC holders.
Ether (ETH) faces resistance in breaking the $1,900 mark due to regulatory hurdles, centralization concerns, high gas fees, reduced activity in decentralized applications, and increased ETH deposits at exchanges.
Hackers stole 16.8 bitcoin worth $770,000, along with other cryptocurrencies, after a fake Ledger Live app was posted on the Microsoft app store.
Several individuals who attended the "ApeFest" Bored Ape Yacht Club NFT collection event in Hong Kong reported waking up with burning sensations in their eyes and fears of vision loss, possibly caused by bright flashing lights emanating from the conference stage.
The Cointelegraph Research Terminal has released a report titled "L1 vs. L2: The Blockchain Scalability Showdown," which explores the rise of layer-2 (L2) solutions, such as Polygon, and their implications for scalability and interoperability in the crypto market, providing insights into emerging trends and protocols outside of traditional layer 1s (L1s), like Ethereum and Bitcoin.
Warren Buffett, despite being a vocal critic of cryptocurrencies, has profited around $250 million from his investment in Nubank, a financial institution offering crypto-related services.
XRP, the fifth largest cryptocurrency, has seen an 11.5% price surge overnight and a 24% increase over the past week, potentially boosted by Ripple's approval for use in the Dubai International Financial Centre.
A U.S. spot Bitcoin ETF could be a game-changer for the digital asset as it provides legitimacy, convenience, and strong oversight, with industry experts predicting a 90% chance of approval by early January.
PayPal has received a subpoena from the SEC's Division of Enforcement relating to its stablecoin, PayPal USD, and is cooperating with the investigation.
Smart contract platform Llama has raised $6 million in seed funding to make the governance of blockchain protocols more effective by enabling encoded roles and permissions for on-chain actions, aiming to address security vulnerabilities and inefficiencies.
Bankrupt exchange FTX and its debtors are seeking court approval to sell Grayscale and Bitwise assets valued at $744 million to prepare for distributions to creditors, according to a court filing, while XRP has surged to become the top-performing major cryptocurrency, and the Bank of England plans to regulate systemic stablecoins alongside oversight of the wider crypto sector.
Telegram Wallet, a major bot on the Telegram platform, has opted for a custodial solution instead of self-custody in order to facilitate easier onboarding for new users looking to buy and sell cryptocurrencies.
Crypto traders are employing various strategies in the current market, including breakout trading, moonbag strategy, correlated arbitrage, using the Wyckoff Method, trading across different markets, using leverage cautiously, and scalping.
In November, several altcoins including XRP, Injective, eCash, Hedera, and the Graph have upcoming developments that could impact their prices, such as conferences, NFT collections, network upgrades, and community events.
Attendees of the Bored Ape Yacht Club's ApeFest concert have reported experiencing severe eye pain and potential vision impairment, which they believe may be due to overexposure to high-powered UV-C bulbs used for illumination during the event.
The tokenization of Real World Assets, particularly U.S. treasuries, has become a significant trend in the crypto space, with the market value of tokenized treasuries increasing nearly six-fold since the beginning of 2021, offering attractive yields and diversification options for investors.
Crypto analyst The Flow Horse predicts further rallies for Chainlink (LINK) and Solana (SOL), stating that both altcoins are still in the early stages of their bull runs. Additionally, The Flow Horse believes that Bitcoin's current breakout could lead to a price range of $40,000.
NFT sales volumes reached 68,342 ETH in the week ending Nov. 6, with NFT marketplaces Blur and OpenSea leading in trading volume, and Bored Ape Yacht Club (BAYC) having the highest trading volume among NFT collections in the last 30 days.
Sam Bankman-Fried, the founder of FTX, has been found guilty of fraud and may face a century in prison, but there is a possibility of FTX's estate returning 90% of customer funds as Bitcoin's price recovers and its utility potential grows. The approval of Bitcoin ETFs, movement from the Fed, and renewed interest from institutions have led to increased trading volumes in the crypto market.
FTX founder Sam Bankman-Fried, recently found guilty on fraud charges, is likely to remain in jail until his sentencing, and his defense team may attempt to appeal the verdict, although it is unlikely to be successful; his sentence is predicted to be in the "teens" or lower, and there is a possibility for him to contribute to society during and after his imprisonment.
The Bank of England and the Financial Conduct Authority in the UK have released a plan to regulate the stablecoin crypto market, focusing on stablecoins backed by the British pound and requiring issuers to obtain prior permission.
Hong Kong is reportedly considering launching a spot cryptocurrency exchange-traded fund (ETF), which could have significant implications in the economic competition between the U.S. and China and be beneficial for Bitcoin, according to BitMEX co-founder Arthur Hayes and other cryptocurrency experts.
Bitcoin and other cryptocurrencies remain stable at high levels following a recent rally, as investors believe that the Federal Reserve has concluded increasing interest rates.
The number of blockchain addresses holding at least $1,000 worth of bitcoin has reached a record high of 8 million, indicating growing monetization and purchasing power for the cryptocurrency.
Former advisor accuses Ethereum's co-founders of fraudulent activities, suggesting they exceed the notorious FTX scandal, and alleges secret dealings between Ethereum and U.S. officials, raising concerns within the cryptocurrency community.
Roger Ver and Jihan Wu are involved in a legal dispute over $8 million, with Ver alleging that Wu took the funds as punishment for Ver's supposed role in the downfall of CoinFLEX, while Wu claims the funds are being withheld due to investigations into Ver's margin trading irregularities.