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Bitcoin ETF hopium fades as on-chain and futures data reflect traders’ muted activity
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…
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SEC is ‘wrongfully attempting’ to police crypto markets: Paradigm counsel
Crypto investment firm Paradigm’s Special Counsel Rodrigo Seira has become the latest to slam the United States securities regulator, this time for “wrongfully” pursuing crypto exchange Bittrex in an attempt to police secondary crypto markets. In a July 11 Twitter thread, Seira added his thoughts after an amicus brief filing from Paradigm, arguing that the…
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Grayscale lawyers refer to SEC allowing Volatility Shares’ investment vehicle in push for ETF
Digital asset manager Grayscale has filed a letter in its lawsuit against the United States Securities and Exchange Commission (SEC) over the rejection of a spot Bitcoin exchange-traded fund (ETF), citing a possible precedent in furtherance of its case. In a letter dated July 10, Grayscale’s legal team notified the U.S. Court of Appeals for…
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Bitcoin on $3K discount at Binance.US, but there’s a catch
Bitcoin (BTC) is selling for a nearly $3,000 discount on Binance.US, providing a significantly better rate than global spot prices — but there’s just one catch. On July 9, a swathe of crypto users began noticing a widening price discrepancy between cryptocurrencies listed on the United States crypto exchange and their global spot prices, with…
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Robert F. Kennedy Jr. invested up to $250,000 in Bitcoin after Miami’s conference
Democratic presidential candidate Robert F. Kennedy Jr. owns up to $250,000 in Bitcoin (BTC), in contrast to his previous claim that he was not an investor in the leading cryptocurrency. A record obtained by CNBC shows Kennedy Jr. owned between $100,001 and $250,000 worth of Bitcoin at the end of June. The investment was made…
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Marathon Digital blames weather conditions for mining 21% less Bitcoin in June
Bitcoin mining company Marathon Digital has linked the recent slump in its total amount of Bitcoin’s (BTC) mined in June to the weather conditions in Texas and a drop in transaction fees. According to a July 5 statement, Marathon Digital experienced a “21%” decline in June for the total amount of Bitcoin mined compared to the…
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What is prompt engineering, and how does it work?
Prompt engineering has become a powerful method for optimizing language models in natural language processing (NLP). It entails creating efficient prompts, often referred to as instructions or questions, to direct the behavior and output of AI models. Due to prompt engineering’s capacity to enhance the functionality and management of language models, it has attracted a lot…
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Over $765K worth of NFTs stolen after SIM swap attack on GutterCatGang
More than $765,000 worth of nonfungible tokens has been stolen as part of a reported SIM swap attack on the GutterCatGang NFT project. The security breach was highlighted by several NFT community members at around 8 pm UTC on July 7, with GutterCatGang co-founder @GutterMitch tweeting out a warning that: “Our Twitter has been compromised…
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$30B stolen from crypto ecosystem since 2012: Report
From 2012 to the present, over $30 billion in crypto has been hacked in 1,101 documented incidents, a July 7 report from SlowMist has revealed. According to the blockchain security firm, the top five most common hacks are smart contract vulnerabilities, rug pulls, flash loan attacks, scams and private key leaks. The losses represent roughly…
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Lightning Labs releases tools letting AI transact and hold Bitcoin
Bitcoin (BTC) Lightning Network development firm Lightning Labs unveiled a new set of tools for artificial intelligence to send and receive BTC on the network’s layer-2 solution. On July 6, Lightning Labs announced the toolkit which helps enable AI applications such as OpenAI’s ChatGPT to interact with the Bitcoin network to send, receive and hold…