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Bitcoin Technical Analysis: BTC Reclaims $41K Mark Following Short-Term Consolidation 

At present, the price of bitcoin is $41,106, marking a significant climb from its 24-hour low of $39,538 and peaking at $41,474. This upward movement signifies a 3% gain within the last day, reflecting a surge of optimistic sentiment among investors in the short term. Yet, when expanding the view to include a broader timeframe, the picture shifts: there’s a marginal 0.5% decrease over the previous week, a more pronounced 10% fall in the past fortnight, and an aggregate drop of 4.3% since the preceding month. Bitcoin As of Friday, bitcoin’s market capitalization stands impressively at $806 billion, bolstered by a vigorous 24-hour trading volume of $21.44 billion. A glance at the 1-hour chart reveals bitcoin’s recent upward trajectory, marked by significant price increases underpinned by strong trading volume, vital for maintaining this upward trend. However, recent declines hint at a moderate retraction from its highest point, likely a standard correction after a steep rise. The 4-h
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Peeling Back the Layers: Ensuring AR Remains a Tool for Expression, Not Manipulation

With the launch of Apple’s Reality Pro headset just a few days away, Augmented Reality (AR) is the topic on everyone’s minds. But the buzz isn’t baseless – the possibilities of AR technology are breathtaking! Fancy the new MSG Sphere in Las Vegas? Imagine having one in your own backyard! But beneath this surface-level spectacle, AR presents a major paradigm shift in technology and introduces several potential threats. AR will add exciting new dimensions to our physical world, but we need to build the infrastructure to ensure they are equitable and resistant to manipulation. The following is an opinion editorial written by Markus Levin , the co-founder of XYO Network , a technology protocol designed to improve the validity, certainty, and value of data. As a blockchain pioneer and industry visionary, he is known for his integral role in shaping the introduction and growth of oracle technology in decentralized finance. What Are AR ‘Layers’? Simply put, AR layers are virtual content o

Core DAO Launches $5 Million ‘Innovation Fund’ to Support Africa-Based Web3 Developers

Core DAO, the foundation supporting Core Chain protocol, said on Jan. 24 that it has launched a fund to “provide resources and networks to support African Web3 builders.” Brendan Sedo said since much of Core DAO’s community is in Africa, it therefore made sense to launch a fund that supports the continent’s Web3 builders. More Than Just a Regular Fund Core DAO, the foundation behind the decentralized protocol Core Chain, recently announced the launch of a $5 million fund to support blockchain builders and projects in Africa. According to the foundation, qualifying projects or individuals are expected to access the fund via grants, builder programs, technical resources, and venture capital investments. Remarking on the fund dubbed Core African Innovation Fund, Rich Rines, an initial contributor at Core DAO, suggested that the fund’s launch is a testament to how the crypto market has evolved in Africa. He also explained why the Core African Innovation Fund is more than just a regul

Grayscale’s GBTC Offloads $527M in Bitcoin as Spot ETFs Record Lower Trading Volumes; Other Funds Continue BTC Accumulation

Based on the latest data, the recently introduced spot bitcoin exchange-traded funds (ETFs) experienced their lowest trading volume day since Jan. 11, 2024, recording roughly $1.28 billion in volume on Wednesday. Additionally, figures indicate that Grayscale’s Bitcoin Trust GBTC has offloaded another tranche of bitcoins, totaling 13,178.50 bitcoin valued at $527 million, in the last 24 hours. Spot Bitcoin ETFs Hit Lowest Volume Since Jan. 11; Grayscale Unloads Over 13,000 Bitcoin, 9 New ETFs Hold $4.91B in Assets As of Thursday, Jan. 25, Grayscale’s GBTC possesses 523,516.43 BTC , valued approximately at $20.71 billion based on the current BTC exchange rates. This figure is 13,178.50 BTC less than the previous day when the holding was 536,694.93 BTC . Consequently, since Jan. 12, 2024 , GBTC’s bitcoin holdings have diminished by 93,563.56 bitcoin, equivalent to a value of $3.74 billion. Despite Wednesday’s trading sessions being less vigorous than earlier days, GBTC remained a ma

WEF Panelists: Blockchain’s ‘Killer Use Case’ Might Be Tracking AI Model Data Bias

Using blockchain to stamp out biases in artificial intelligence models might turn out to be the technology’s “killer user case,” executives attending the World Economic Forum in Davos have said. The blockchain firm Casper Labs and the computer giant IBM have partnered to create an AI data bias tracking system. Artificial Intelligence Hallucinations Some of the business executives attending the World Economic Forum (WEF) in Davos have argued that using blockchain to stamp out bias or misinformation in the data used to train artificial intelligence (AI) models could be the technology’s “killer user case.” According to a report by CNBC, blockchain is now preferred because it allows AI developers to track the data that their respective models are trained on. The blockchain firm Casper Labs and the multinational technology corporation IBM have partnered to create such an AI data-tracking system. The executives’ call for a blockchain-based tracking system comes at a time when concerns

LABEL Foundation’s Tracks Launches Web3 Music dApp on LG Smart TVs

PRESS RELEASE. Tracks, the innovative Web3 music streaming dApp created by LABEL Foundation and built on the BNB Chain, is now available on LG Smart TVs running webOS 22 and webOs 23, globally. This pioneering launch introduces the first-ever Web3 music app on an LG smart TV platform, transforming how users engage with music streaming. The app delivers an engaging experience by offering high-quality music coupled with stylish artworks, strongly resonating with millennials and seamlessly integrating into their daily lives. Since its debut in July, the mobile dApp TRACKS, running on the BNB Chain, has rapidly gained momentum, acquiring over 150,000 users and 10,000 daily active users, predominantly among millennials. This surge in popularity followed investments from top-tier funds in 2022. Tracks’ success stems from its user-centric approach, distinguishing it from conventional content provider-focused music services. Along with a sustainable revenue model, Tracks aligns with the

Samourai Wallet, Strike and Others Ask FinCEN to Withdraw Proposed Rules Tied to Crypto Mixing

Samourai Wallet, River, Strike, Swan, and other companies in the cryptocurrency space have sent a letter to the Financial Crimes Enforcement Network (FinCEN), commenting on the proposed rules over mixing transactions introduced in October. These companies are asking FinCEN to withdraw its proposal because it considers it inadequate for many reasons, criticizing it for being “overbroad” and including lawful activities under its scope. Samourai Wallet Blasts FinCEN Cryptocurrency Mixing Proposed Requirements A group of 26 companies linked to the cryptocurrency industry have sent a letter to the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury, commenting on the validity of the rules the institution has proposed to apply for cryptocurrency mixing transactions in October. The letter , produced by Samourai Wallet and Ten31 and co-signed by River, Strike, Ronindojo, Swan Bitcoin, Primal, GRIID, Zaprite, Peach, Mempool Space, Upstream Data, Stakwork, Vida Global, Voltag