Google is now facing a lawsuit in the follow-up to its recent privacy policy update that accuses the tech giant of misusing large amounts of data, including copyrighted material in artificial intelligence (AI) training. The lawsuit was filed on July 11 by eight individuals who claim to represent “millions of class members” – internet users
Month: July 2023
Ripple may be holding its breath a bit longer after a United States District Judge refused to rule on if the secondary sale of LBRY Credits (LBC) constitutes a security. On July 11, New Hampshire District Court Judge Paul Barbadoro made the ruling in the case the United States Securities and Exchange Commission (SEC) brought
Polygon (MATIC) price is up today, mirroring upside moves elsewhere in the cryptocurrency market as traders assess a mix of fundamental factors. On July 11, the MATIC price rose 2.32% to $0.75, its highest level in a month — outperforming the crypto market, whose valuation stayed relatively unchanged from the previous day at around $1.14
Bitcoin (BTC) held on exchanges is down to where it was at the 2017 BTC price all-time high, data confirms. Tracked by on-chain analytics firm Glassnode, the latest figures show less than 12% of the BTC supply now resides in exchange wallets. Analyst: BTC price “on the cusp of true price discovery” Bitcoin returned to
A person is using the Multichain Executor to drain tokens associated with the AnySwap bridging protocol, according to a July 10 report from on-chain sleuth and Twitter user Spreek. The report follows outflows of over $100 million from Multichain bridges that occurred on July 7, which were reported by the Multichain team as “abnormal.” The
Exchange operator Cboe Global Markets has amended five spot Bitcoin (BTC) Exchange-Traded Fund (ETF) applications to include a surveillance-sharing agreement (SSA) with Coinbase. On July 11, Cboe amended filings with the United States Securities and Exchange Commission (SEC) for the ETFs from Invesco, VanEck, WisdomTree, Fidelity and the joint fund by ARK Invest and 21Shares.
In the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), anticipation has reached fever pitch as the community eagerly awaits a ruling. Already 931 days ago, the SEC filed its lawsuit against Ripple Labs and its executives Brad Garlinghouse and Chris Larsen. The last publicly visible action in the litigation occurred
A third straight week of positive digital asset inflows has fully corrected nine previous weeks of outflows for the market, according to a report from CoinShares published on July 10. This week’s inflows registered $136 million. Bitcoin (BTC) funds continued their trend of holding the anchor position, with 98% of the inflows coming from BTC. The
Caradano’s native gas-paying token ADA received a big blow at the start of June when the SEC regarded it as a security in its lawsuit against Binance and Coinbase. The lawsuit triggered a 42.5% drop in ADA’s price from $0.37 to a two-year low at $0.21 within a few days after SEC’s lawsuit. Additionally, the
The price of Bitcoin (BTC) has been trading between $29,900 and $31,160 for the past 18 days, causing concern among investors who are looking for explanations for the lack of a clear trend. After a 25.5% rally between June 15 and June 23 leading to Bitcoin’s highest level in 13 months one would expect investors
The Ethereum ecosystem welcomes another layer-2 scaling solution as ConsenSys begins onboarding partners to its Linea network, which has produced significant scaling milestones in testing. Linea is an Ethereum layer-2 scaling network that allows developers to build or migrate decentralized applications for Ethereum. It operates using zero-knowledge proofs and is Ethereum Virtual Machine (EVM) equivalent, meaning its
$30 trillion worth of capital could suddenly unlock for the Bitcoin market if a Bitcoin spot ETF is approved by the U.S. Securities and Exchange Commission, according to Bloomberg ETF analyst Eric Balchunas. That is the estimated amount of assets controlled by financial advisors in the U.S., who would be willing to get exposure to
Bitcoin is accepted by various online merchants, travel companies, gift card retailers, food establishments and online service providers, offering diverse options for using cryptocurrency in transactions. While physical stores accepting Bitcoin are less common, they can be found in cryptocurrency-friendly locations. Online merchants Bitcoin is a common payment option accepted by many online merchants. Electronics,
An Ethereum Improvement Proposal (EIP) made on July 7 seeks to standardize how tokens are bridged between networks. The “Sovereign Bridged Token” standard, or EIP-7281, allows token issuers to create canonical bridges across multiple networks. The proposal was co-authored by Arjun Bhuptani, founder of the Connext bridging protocol. In a July 7 social media post,
The Chinese government is now considering additional regulations on artificial intelligence (AI) development that emphasize content control and licensing. A July 11 report from the Financial Times revealed that China’s Cyberspace Administration (CAC) wants to impose a system that would require local companies to obtain a license prior to releasing generative AI systems, according to
The weighted average cost of purchased Bitcoin recently reached a level signifying that all investors who have consistently dollar-cost averaged into Bitcoin (BTC) are now in the black, regardless of how long they have been holding. Just a reminder that every single pleb who has been dollar cost averaging #bitcoin is now in profit no
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