Crypto Companies Crunched by Cautious UK Banks

https://www.pymnts.com/cryptocurrency/2023/crypto-companies-crunched-by-cautious-uk-banks/

U.K. Prime Minister Rishi Sunak’s cryptocurrency plans have reportedly hit some snags.

As Bloomberg News reported Sunday (April 2), crypto companies were already dealing with pushback from big British banks like HSBC and NatWest, which in February put limits on the amount of money customers in the U.K. can transfer to digital asset exchanges.

Now, crypto firms say they’re running into new banking difficulties, such as rejected applications to excess paperwork, leading the companies to petition the government for help.

“There aren’t many options available — most traditional banks won’t offer banking services to crypto firms,” Edouard Daunizeau, CEO of the London-based crypto investing company SavingBlocks, said in an interview with Bloomberg.

“With the recent string of events it will be even tougher. We are seeking licenses in France where we think it will be easier.”

The U.K. government last year announced plans to make the country a “global hub” for cryptocurrency companies.

While the country has had three leadership changes since then, Sunak’s elevation to prime minister in October 2022 was greeted with enthusiasm among crypto enthusiasts because of his support for the “hub” plan in his time as chancellor.

However, a lot has happened in the digital asset sector since then, including the downfall of FTX, the collapse of two crypto-friendly banks, and an increase in regulatory pressure on Binance, the world’s biggest cryptocurrency exchange.

In March, HSBC and Nationwide Building Society announced a ban on cryptocurrency purchases using credit cards for their retail customers, while also creating tougher restrictions on debit-card purchases of crypto to a daily limit of $6,000.

(HSBC last month announced plans to acquire — and invest $2.1 billion in — failed lender Silicon Valley Bank’s U.K. operations.)

And despite Sunak’s support for the industry, the country’s financial watchdog — the Financial Conduct Authority (FCA) has for years labeled crypto as high risk, even threatening crypto executives with jail time if they break certain rules.

“The cryptocurrency sector has yet to pull the proverbial magic rabbit from its top hat,” PYMNTS wrote in March. “The audience, having purchased tickets to the show, are now realizing they may leave empty-handed as their hard-earned money pulls a disappearing act.”

Instead of revolutionizing the financial world the way the technology’s advocates promised, the industry has instead been rocked by “bad actors and back-door platforms, leaving its future more uncertain than ever.”

US CoinDesk, Unusual Opinion Statement ── Is it okay for the US to crush crypto assets | coindesk JAPAN | Coindesk Japan

https://ourbitcoinnews.com/us-coindesk-unusual-opinion-statement-%E2%94%80%E2%94%80-is-it-okay-for-the-us-to-crush-crypto-assets-coindesk-japan-coindesk-japan/

When I walk my dog, I often see Harry in his 70s. A former New York City Police Department detective, he feeds stray cats on a nearby walkway every morning. We became friends through animals, but that’s the only place Harry can talk to. He believes in QAnon conspiracy theories and believes America is on the verge of another civil war. He is waiting for that “signal”.

Sometimes I actively respond to what Harry says, and other times I just listen. He also talks about crypto assets while he greets my dogs. I told him a few days ago that the banking crisis and increased regulation are going through tough times for crypto.

Harry reacted immediately. “Did you really think central banks and governments would allow fiat currencies to compete?”

I froze at his words. I found it hard to refute his conspiracy theories.

All-out attack on crypto assets

In just the past few weeks, US regulators and governments have been affected by the pervasive effects of the FTX bankruptcy, with a natural desire to “do something” to push domestic cryptocurrency projects (but not completely neutralize them). It’s getting easier and easier to think that we’re trying to beat them down.

As a conspiracy theory, this would be plausible. Even those in established positions, including former regulators, see the current situation as a coordinated attack.

The administration’s animosity towards cryptoassets has been made clear in public statements, and is accompanied by actual acts of tightening regulation. After years of ignoring industry calls for guidance and regulatory clarity, the U.S. government appears to be launching an all-out assault on all parts of crypto.

The all-out attack also includes a series of enforcement actions by the U.S. Securities and Exchange Commission (SEC) against licensed cryptocurrency companies like Coinbase and Kraken. Last week, the Commodity Futures Trading Commission (CFTC) sued Binance. The Biden administration released a “Presidential Economic Report” last week, arguing that cryptocurrencies are not a useful technology and highlighting a string of crypto-related frauds in recent years.

idealism and cynicism

There are two reasons why I still don’t believe in organized malice. One is based on idealism, the other on cynicism.

First, this is America, the land of opportunity and freedom. A deliberate attack on the economic freedom that crypto assets symbolize goes against American values.

Second, this is America, a country whose infrastructure is crumbling. Leaders can’t even coordinate the efforts needed to repair bridges and tracks. It is too daunting to think that we can cooperate with destroying the financial infrastructure of the future rather than maintaining the existing infrastructure.

Supporting the claim of lack of coordination is that in the Binance lawsuit, the CFTC claims the cryptocurrency Ethereum (ETH) is a commodity, while the SEC and the New York Attorney General say it is a security.

But it may not matter whether the current regulatory tightening is a systematic act of hostility to crypto assets. There are others who believe this, not just Harry. The idea that the United States is making crypto assets an enemy is spreading.

So some companies are considering moving abroad, while others are worried that they may lose or be unable to open bank accounts. Bankers are even refusing to speak at crypto-related events for fear of being targeted by regulators themselves.

Unless the Biden administration’s policies change significantly, the idea that America is anti-cryptoassets will soon become so entrenched that it will be difficult to reverse. This is largely due to the fact that most of the U.S. government’s response has been punitive rather than constructive.

Regulators and the White House need to be clear that cryptoassets have a future in America. There’s no better way to do that than to give the industry the regulatory clarity it’s been asking for.

Blueprints for a better framework have been proposed, such as in the Senate’s Responsible Financial Innovation Act. Most of the crypto industry would welcome such regulatory clarity. But regulators and many politicians seem reluctant to bring such clarity.

existential crisis

CoinDesk rarely takes official positions on specific issues. As I’ve said in the past, we value the breadth and balance of our coverage, rather than offering official views on specific topics.

However, the reason why we decided to present a common view as an organization here is because we thought that we should clarify our position this time. Our editors believe that the threats facing cryptocurrency, whether intentional or not, from the actions of the U.S. government are potentially good, representing technologies and industries that enable economic empowerment. I think that the more we need to clarify our attitude, the more it will affect our survival.

We believe that government attacks on crypto assets will not achieve the goal of protecting the American public from fraud and fraud.

The early reaction to increased regulation is very likely to push innovation out of the United States. For all but the most savvy insiders, then, it becomes difficult to distinguish between outright fraudulent behavior and solid efforts to innovate.

We are alarmed by the signs that tightening regulation is beyond the authorities’ powers under current law and running counter to the spirit of freedom and innovation that underpins America and the world of crypto.

Operation Coke Point 2.0

Regulators appear to be blocking crypto firms from accessing traditional banking services. Former lawmaker Barney Frank, a driving force behind strict banking regulation in the wake of the 2008 financial crisis, said he wanted to send a “very strong anti-crypto asset message” to regulators. Signature Bank, which served as a director, claimed to have been forced into liquidation by the New York State Department of Financial Services (NYDFS). NYDFS denies it.

But the claims appear to be backed up by recent moves by the authorities.

Reuters reported on March 16 that the Federal Deposit Insurance Corporation (FDIC) is contingent on the sale of Signature Bank to abandon its cryptocurrency business. The FDIC denied the reports, but once the sale took place, crypto-related clients were actually excluded from the acquisition.

He likened this approach to Operation Coke Point, an Obama-era policy that pressured banks to keep “legal but politically undesirable businesses” such as gun manufacturers and payroll lenders from doing business with them. Some call it Coke Point 2.0. These measures not only circumvent due process, but repeat mistakes of past administrations that have been criticized harshly by both the legislature and the legal system.

Surprisingly, current FDIC Chairman Martin Greunberg was the driving force behind the original Operation Coke Point.

Operation Coke Point eventually faced a number of lawsuits and hearings, largely settled on government abuse of power. To settle various lawsuits, the FDIC promised internal reforms to prevent regulator overreach against legitimate businesses, including ending the practice of tacitly interfering with banks on customer choices. I doubt now how sincere that promise was.

CoinDesk is working hard to uncover the true story behind recent events and determine if it was a coordinated effort to harass the cryptocurrency industry. But even before the full picture is revealed, the abuse of government power is reason enough to sound alarm bells.

indiscriminate carnage

What appears to be an implicit anti-crypto agenda must be distinguished from legal action against some scammers preying on the crypto world.

We are well aware that cryptocurrencies, like many pioneering technologies before them, are extremely attractive to fraudsters. I applaud criminals such as Do Kwon and Sam Bankman-Freed being prosecuted and possibly jailed.

At CoinDesk, we are actively working to stop fraud. CoinDesk’s award-winning journalists played a major role in exposing FTX’s massive fraud. Moreover, we warned investors to be vigilant even before the collapse of crypto lending firm Celsius Network and Kwon’s Terra.

But not giving crypto developers the tools or giving crypto service providers the ability to manage US dollars in American banks is not anti-fraud. It’s like a bomb that causes indiscriminate carnage.

Failure to establish a clear framework for regulated cryptocurrency issuance also makes it more difficult for consumers and law enforcement to prevent fraud. Because the most virtuous cryptocurrency projects lose the means to maintain their legitimacy.

cascading risk

Efforts that seem to try to suppress crypto-assets also have a large knock-on effect. Bankers are reluctant to speak publicly about crypto assets or participate in debates, fearing conflict with regulators. Getting central bankers to speak publicly is nearly impossible.

As a result, talking about the future of the industry risks repeating voices in favor of crypto instead of being a source of real truth and real innovation.

In addition, there is a risk that crypto assets will be politicized. The crypto community has often shunned partisan politics, preferring to stick to the spirit of freedom and individual autonomy.

In fact, constructive, bipartisan crypto bills were largely the norm. The sweeping bill by Republican Senator Cynthia Lumis and Democratic Senator Kirsten Gillibrand is a prominent example. But the view that the regime is anti-cryptoassets is destroying open collaboration. Individuals’ opinions of crypto assets may one day become dictated by their political affiliation. There are no winners in such situations.

Crypto-assets certainly have real-world utility and benefits, such as providing an alternative option for providing financial services to people around the world suffering from oppression and violence. For example, it was crypto assets that made it possible to deliver $100 million in immediate donations to Ukraine after the Russian invasion. Donations were delivered faster than through more formal government channels.

In addition, crypto assets are a core supporting tool for resisting the dangerous concentration of power in the digital world in the hands of companies that use large amounts of data and have turned surveillance and censorship into their main business. It also exists. The worrying rise of surveillance capitalism is now a clear concern for many lawmakers who feel banking regulators are encroaching on their power.

Much like tech stocks, speculation drives much of the trading of cryptocurrencies, but their prices are also driven by real demand from current users. Billions of dollars of value circulate around the world every day on the Bitcoin network.

not american

Bitcoin (BTC) and many other crypto assets will survive comprehensive and indiscriminate regulatory tightening functionally intact. That’s what crypto assets are all about. Cryptocurrency systems were created with the goal of giving individuals control over their destinies in the digital age, independent of government and corporate structures.

Cryptoassets, in short, test the principle of restraining government power that lies at the heart of the American psyche. Freedom of religion, freedom of speech, and other rights guaranteed by the U.S. Constitution are a blueprint for spreading freedom around the world. It has helped millions of people increase their prosperity, happiness and wealth.

Protecting those rights seems a given to many Americans today. But it was once considered dangerous and destabilizing by those in power. Even now, even in America, authoritarians are reverting to old habits and chasing the illusion of safety through censorship and restrictions.

Considering these realities, making economic autonomy as a matter of course protected in a democratic society as freedom of speech and freedom of religion is unlikely to be a grand project that will take years. Clear. Instead, if the government really wants to impede that progress, it should publicly declare its purpose and do so through transparent, democratic means.

I hope my conspiracy walking buddy Harry is wrong and the Biden administration isn’t trying to kill crypto. If so, the White House needs to make his positive intentions clear.

For example, support a bipartisan effort to require the SEC to have clear guidelines for crypto assets. Given the erupting and pervasive cynicism over heavy-handed government action against crypto, there is no other way to persuade the crypto industry that it does not need to flee the United States for safety. deaf.

Prove Harry wrong.

Kevin Reynolds: US CoinDesk Editor-in-Chief

|Translation and editing: Akiko Yamaguchi, Takayuki Masuda
|Image: Shutterstock
|Original: CoinDesk Editorial: It Sure Looks Like the US Is Trying to Kill Crypto

The post US CoinDesk, Unusual Opinion Statement ── Is it okay for the US to crush crypto assets | coindesk JAPAN | Coindesk Japan appeared first on Our Bitcoin News.

Weekly Market Watch: Bitcoin Bulls Lead The Way, Altcoins Follow Suit

https://www.tronweekly.com/weekly-market-watch-bitcoin-bulls-lead-the-way/

Last week, the crypto market experienced a bullish surge, which left bears struggling to counter the bulls’ momentum. Notably, both Bitcoin and Ethereum faced the brunt of this upward trend. However, the positive impact of this surge had a favorable effect on the overall market outlook. 

Nevertheless, certain altcoins displayed considerable gains in the weekly chart, standing out in the crypto market for their exceptional performances amidst the bullish trend of Bitcoin and Ethereum.

Some low-cap coins on the list of weekly gainers have shown substantial growth, with Solar (SXP) leading the pack, followed by Hedera (HBAR), and third in line is Stellar (XLM).

Solar (SXP) has experienced a significant surge of 160% over the past week, making it the leading performer among the top 100 tokens by market capitalization. 

SXP 7D graph coinmarketcap
Source: CoinMarketcap

This rise in value can be attributed mainly to its recent achievement of Binance, the leading global crypto exchange, which has announced its support for the mainnet swap and rebranding plan of Swipe (SXP) to Solar (SXP). 

As per the plan, all ERC20, BEP2, and BEP20 Swipe (SXP) tokens will be migrated to the Solar mainnet at a ratio of 1 Swipe (SXP) = 1 Solar (SXP):

After the mainnet swap is complete, deposits and withdrawals of ERC20, BEP2, and BEP20 Swipe (SXP) tokens will no longer be supported. Binance will only support deposits and withdrawals of Solar (SXP) tokens via its mainnet.

Currently, SXP is trading at $0.6933, demonstrating a 16% increase in the past 24 hours and a 14.14% surge in its marketcap. The token hit its peak of $0.736 after beginning the week at $0.2641, displaying a strong and remarkable performance. 

Meanwhile, Hedera (HBAR) is also gaining attention from the community as a second top weekly performer. Over the past week, FLR has experienced a surge of approximately 18.24%. As of now, HBAR is trading at $0.07149; in the last 24 hours, the token has experienced a 1.66% decrease.

HBAR 7D graph coinmarketcap 1HBAR 7D graph coinmarketcap 1
Source: CoinMarketcap

The HBAR price surged following the developers of HashPack announced the release of version 7.1.1. The latest update addresses several community-raised issues and includes improvements to token price accuracy. 

In addition, the update addresses some community-raised issues, including fixing AR support in mobile apps and improving the transfer confirmation screen.

Stellar (XLM), which is currently trading at $0.108 with a 17.76% rise in the weekly chart, is also gaining attention. This surge can be attributed to the latest announcement that Coinme and Stellar Development Foundation have partnered to introduce Circle’s USDC on Stellar through the Coinme wallet. 

XLM 7D graph coinmarketcap 2XLM 7D graph coinmarketcap 2
Source: CoinMarketcap

The integration will improve the accessibility and user experience of USDC, promoting financial inclusion and providing a new option for unbanked or underbanked Americans to access digital finance.

Moreover, some popular coins are experiencing gains in weekly charts, including XRP at 16%, FXS at 8%, and DOGE, with an increase of 6%, according to the data from CoinMarketcap. 

Bitcoin (BTC) & Ethereum (ETH) Weekly Review

Bitcoin, the largest cryptocurrency, has hit a major resistance level of $29,159.90 in the past week, sparking excitement amongst traders as it inches closer to the coveted $30,000 threshold. 

BTC 7D graph coinmarketcap 7BTC 7D graph coinmarketcap 7
Source: CoinMarketcap

Despite facing multiple hurdles, Bitcoin has displayed remarkable resilience in recent times, consistently attempting to set new local all-time highs. This impressive performance was in sharp contrast to market predictions at the end of last year when many observers anticipated a steep drop to $10,000 following the collapse of FTX. 

As it turns out, Bitcoin has defied expectations, closing out Q1 2023 with a remarkable surge of over 70%, marking its best quarter in two years. According to Santiment, there also has been a significant increase in the number of addresses holding ten or more Bitcoins, with a staggering rise of 10,279, or a 7.1% increase, since February 2022. 

Although the overall percentage of available Bitcoin held by these wallets has remained relatively stagnant, the actual amount is quickly closing in on the all-time high recorded in September 2019.

Ethereum, the second most valuable cryptocurrency, has faced a similar fate to Bitcoin but has seen a slight increase in value over the past week. It recently reached a key resistance level of $1,844.68. 

ETH 7D graph coinmarketcap 8ETH 7D graph coinmarketcap 8
Source: CoinMarketcap

Lately, there has been a battle between buyers and sellers for Ethereum’s price, with buyers looking to surpass the significant resistance level of $2000 and sellers resisting. 

Ethereum’s upcoming upgrade, the Shanghai upgrade, is set to launch on April 12, 2023, and is expected to significantly impact the cryptocurrency’s price, potentially pushing it above $2000.

According to the data from CoinMarketCap, Bitcoin is currently trading at $28,044.81, with a 1.02% growth over the past seven days but a 1.73% decrease in the past 24 hours. While ETH is trading at $1,786.93, experiencing an increase in the last seven days and a 2.03% decrease in 24 hours.

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Dan Benjamin: CEO of Dig Security Explains Why Organizations Must Prioritize Cloud Data Security

https://www.crowdfundinsider.com/2023/04/204392-dan-benjamin-ceo-of-dig-security-explains-why-organizations-must-prioritize-cloud-data-security/

We recently connected with Dan Benjamin, Co-Founder and CEO of Dig Security, which raised its $34 series A in September 2022 after emerging from stealth in May 2022. Dan has held leadership roles at Microsoft and Google, and during that time noticed customers encountered a… Read More

Crypto prices steady, Arbitrum DAO drama and what’s coming down the line in markets

https://www.theblock.co/post/224434/crypto-prices-steady-arbirtrumdao-drama-whats-coming-markets?utm_source=rss&utm_medium=rss

Crypto prices shrugged off the Commodity Futures Trading Commission’s case against Binance early in the week as bitcoin clocked its best quarter since 2021.

Bitcoin was trading at $28,200, up about 2.6% over the past week, according to Coinbase data via TradingView. The first quarter of the year saw bitcoin jump more than 70% as risk assets rallied, leading to its best quarter since the first of 2021. 

Binance and CEO Changpeng Zhao are being sued by the CFTC for allegedly violating federal laws and not registering the exchange in the U.S. The regulator’s move caused crypto prices to dip at the top of the week before shrugging off the news. The BNB coin fell about 3% to $314 over the past week.

Ether was up about 3.2% over the past seven days, trading around $1,800. Ripple’s XRP added around 18% following news from its case with the SEC, although a verdict is still some time off. Cardano’s ADA added over 8%, and dogecoin jumped 7.5% in the same period.

DAO-rama

The price of ARB fell to $1.18, down 7.2% over the past 24 hours, according to data via CoinGecko.

The drop followed the news that the Arbitrum Foundation had begun selling ARB tokens for stablecoins before the community had formally ratified its budget. 

 
"The Arbitrum Foundation set aside nearly $1 billion worth of ARB tokens and utilized some of it before its governance proposal was ratified without disclosing how the tokens were utilized," Eden Au, a research director at The Block Research, said.
 
This left the community to speculate whether the foundation had sold some of its tokens before voting, he said.
 
Arbitrum’s long-awaited airdrop went live on March 23 with governance tokens given to users of the Ethereum Layer 2 scaling solution. Over one billion ARB tokens were allocated to nearly 300,000 wallets, creating a decentralized autonomous organization, the ArbitrumDAO. 

What’s coming up

With the first quarter of 2023 over and done with, several key economic indicators lie ahead in April for the U.S. Traders and the Fed will keenly watch next Friday’s U.S. jobs report. Any signs of a softening labor market could impact interest rate expectations. 

Inflation data for March on April 12 will also prove pivotal to any potential Fed pivots or pauses. An advanced estimate of first-quarter GDP will be released on April 27. 

There’s no Fed decision in April, with the next FOMC interest rate decision expected on May 3. The CME’s FedWatch tool shows markets are split on whether the Fed will pause or increase by 25 basis points again. 

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Top 10 AI Tools everyone should use

https://ambcrypto.com/top-10-ai-tools-everyone-should-use/

Artificial Intelligence (AI) tools have become increasingly important in the modern economy. They are used to automate repetitive tasks, improve efficiency and productivity, and create new products and services.

One major role of AI tools is in data analysis. With the explosion of data in recent years, companies are using AI tools to analyze vast amounts of data and extract valuable insights. These insights can be used to optimize business processes, develop new products, and improve customer experiences.

AI tools are also being used to automate repetitive tasks such as data entry, customer service, and inventory management. By automating these tasks, businesses can save time and money, and free up their employees to focus on higher-level tasks.

In addition to automation, AI tools are also being used to create new products and services. For example, chatbots and virtual assistants are becoming increasingly common in customer service, while self-driving cars and drones are being developed for transportation and delivery.

Here are 10 AI-powered tools that could significantly improve your ability to effectively execute your tasks –

ChatGPT

OpenAI’s ChatGPT is an AI-enabled tool that uses natural language processing (NLP) to engage in conversations with users. It can understand and respond to written or spoken language, making it a versatile tool for a wide range of applications.

Many companies now use ChatGPT-powered chatbots to interact with customers and provide them with quick and accurate responses to their inquiries. These chatbots can handle a high volume of inquiries, freeing up human customer service representatives to focus on more complex issues.

Source: OpenAI

Brandmark

Brandmark.io is an AI-powered branding tool that helps professionals create logos, color schemes, and other visual elements for their brand. It uses Machine Learning (ML) algorithms to generate unique and customized designs based on the user’s input and preferences.

In addition to logos, Brandmark can generate a variety of other branding assets, including business cards, social media graphics, and marketing materials. Its user interface (UI) is designed to be intuitive and easy to use, with drag-and-drop functionality.

Brandmark.io can also generate color schemes and other visual elements for a brand, making it a comprehensive branding tool for professionals.

Namelix

Namelix.com is an AI-powered business name generator that helps professionals come up with unique and memorable names for their businesses.

Users can enter keywords related to their business, select the industry, and indicate their preferred style and tone. Namelix integrates with domain name registration services and other tools, making it easy for users to purchase domains and set up their online presence. It is a valuable tool for entrepreneurs, startups, and businesses that need to create a brand name or company name.

Source: Namelix

Action Transformer (ACT-1) by Adept

ACT-1 is an upcoming AI-powered hiring tool that helps companies streamline the recruitment process and identify the best candidates for a given position. It uses natural language processing and machine learning algorithms to analyze resumes and job descriptions, as well as assess candidates’ skills and qualifications based on their responses to online assessments.

ACT-1 can also automate many of the time-consuming and repetitive tasks associated with the hiring process, such as scheduling interviews and sending follow-up emails.

Moonbeam

Moonbeam is an AI-powered content creation tool that helps professionals create high-quality marketing content such as blog posts, social media updates, and email campaigns. It integrates with popular content management systems (CMS) such as WordPress and Hubspot, making it easy to incorporate the generated content into existing workflows.

The tool can also automate many of the time-consuming and repetitive tasks associated with content creation, such as formatting and editing.

Source: Moonbeam

Waldo

Waldo is an AI-powered search engine that uses search indexes pulled from Google, Bing, and others. However, it packages the results into a different kind of interface that lets you hyper-tune your search with the click of a few buttons.

The company officially launched with a Chrome extension six months ago. On the contrary, as of today, a more advanced version of it is also available as a stand-alone site and on mobile.

Postwise

Postwise is an AI-powered social media management tool that helps professionals create and schedule engaging social media content. It allows users to schedule and publish their social media posts on various platforms, including Facebook, Twitter, and Instagram.

Postwise can also schedule posts for optimal engagement times, making it easy for users to stay consistent and reach their target audience. It can also analyze social media performances and provide insights into engagement, reach, and audience demographics.

Snipd

Snipd is a Swiss AI-enabled tool that transcribes content and synchronizes with note-taking apps. It automatically generates book-style chapters and delivers podcast highlights.

Users can manually create “snips” as they listen to an episode, allowing them to save their favorite moments and add notes to each clip.

Source: Snipd

byAutomata

byAutomata is another AI-based content repurposing tool that converts existing content into different formats, such as turning a blog post into a social media post, an infographic, or a video.

It can also be used to personalize content for different audiences. With its AI-powered automation capabilities, you can create workflows that customize content based on different audience segments, such as adapting the language or tone to fit the target audience’s preferences.

Playground AI

Playground AI is an AI-powered design platform that enables designers to create, prototype, and iterate on designs with the help of artificial intelligence. It uses machine learning algorithms to analyze user behavior, identify patterns, and generate insights that designers can use to improve their designs. The tool integrates with a variety of content management systems and marketing tools, making it easy to publish and distribute generated content. It also integrates with other design tools, such as Sketch and Figma, so designers can use it alongside their existing workflows.

Source: Playground AI

A lot of positives, but the challenges are…

While AI tools can offer many benefits in the workplace, there are also some challenges and concerns to be aware of. Many AI tools rely on collecting and analyzing data, which can raise concerns about privacy and security. AI algorithms can reflect the biases of the data they are trained on, leading to unfair or inaccurate results.

Some AI tools can be opaque, making it difficult to understand how they are making decisions or recommendations. It’s important to seek out tools that are transparent and provide clear explanations of their methods and results.

Integrating AI tools with existing systems and workflows can be challenging, particularly if there are compatibility issues or other technical hurdles.

To address these challenges, it’s important to approach the use of AI tools with care and caution. It’s important to remain cautious of potential issues and to be prepared to adapt and adjust as needed to ensure the responsible and effective use of AI tools in the workplace.

Pro-XRP Lawyer Updates Investors on When Ripple Lawsuit May End, Says Insiders Won’t Have Prior Knowledge

https://dailyhodl.com/2023/04/02/pro-xrp-lawyer-updates-investors-on-when-ripple-lawsuit-may-end-says-insiders-wont-have-prior-knowledge/

Crypto lawyer and XRP supporter John Deaton is giving his take on when Ripple’s legal tussle with the U.S. Securities and Exchange Commission (SEC) could end.

The SEC sued Ripple in late 2020 under allegations that the company sold XRP as an unregistered security.

Deaton tells his 257,000 Twitter followers that he believes Judge Analisa Torres, who is overseeing the case, isn’t bound to any particular timeline.

“There is no deadline of today for her to rule. The decision could come out within the next hour or it could take another 30-60 days. Based on previous cases, Judge Torres has issued her ruling on summary judgment within a couple months of her Daubert/Experts’ decision.”

Deaton, who represented XRP holders as an amicus curiae in the case, also says that there won’t be any insider knowledge of the case’s final outcome.

The attorney says that only Judge Torres and her small circle of staff will know what the ruling is before the public does.

“I see comments about ‘insiders’ and whether Ripple and the SEC will learn beforehand. The only people who will know before the Judge publicly issues her ruling is her staff and any clerks who helped her with research or helped [write] the decision.”

Ripple CEO Brad Garlinghouse said last month that the lawsuit had implications on the entire crypto industry, and that its outcome would be “pivotal.”

“The SEC bringing the case against Ripple was not really just a case about Ripple or about XRP. It’s really about the industry and how the SEC is kind of playing offense and attacking the whole industry. Two and a half years ago when it started, I’m not sure everyone fully digested that. And now that is widely understood.

This is going to be pivotal for the whole industry because if the SEC is able to prevail, I think there’s a lot of other cases and some of them just in the last four weeks: I think they brought five additional enforcement cases.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Slanapotam

The post Pro-XRP Lawyer Updates Investors on When Ripple Lawsuit May End, Says Insiders Won’t Have Prior Knowledge appeared first on The Daily Hodl.

Arbitrum Foundation plans to steal $750 million via AIP-1?

https://www.fxstreet.com/cryptocurrencies/news/arbitrum-foundation-plans-to-steal-750-million-via-aip-1-202304020630

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  • Arbitrum Foundation’s first governance proposal stirred a controversy as it recommended the transfer of 750 million tokens to Special Grants. 
  • While Arbitrum Foundation’s documents state 4.278 billion ARB tokens were meant to be allocated to the DAO treasury, only 3.5 billion have been transferred. 
  • 750 million tokens represent 7.5% of ARB’s total supply, this has raised concerns in the community. 

The Arbitrum blockchain’s first governance proposal asked for transfer of 750 million ARB tokens worth nearly $1 billion to a “Special Grants” program. This would transfer control of nearly 7.5% of ARB’s total supply to three directors, therefore requiring careful consideration by the community. 

Also read: Will MATIC price conquer the bullish target of $2 again?

Arbitrum’s $750 million governance proposal, a controversy

The Arbitrum Foundation alarmed the ARB community with its first attempt at governance on April 1. The proposal called for 750 million ARB tokens, worth nearly $1 billion to fund a “special grants” program that would foster the ecosystem’s growth. 

The proposal, AIP-1 has raised concerns because the transfer to special grants would exclude grant allocations from on-chain governance. A team of three directors would be responsible to determine who receives the grants, when and how many ARB tokens are distributed to them. 

No votes would be required from the community and this has resulted in criticism on crypto Twitter. Chris Blec, a crypto advocate and proponent criticized Arbitrum Foundation’s move in a recent tweet:

Why does the Special Grants proposal take a step back in transparency?

Blockworks Research commented on Arbitrum Foundation’s move and explained that while AIPs are expected to improve DAO governance and transparency, the proposal represents a step backwards. 

With no mention of security or oversight from the community, with no provision to vote on grant allocations, a team of three directors that control the foundation would hand out “Special Grants.” This makes it questionable and garners criticism from the community of ARB holders and DAO proponents in the crypto ecosystem. 

The three directors identified by Blockworks are Campbell Law, Edward Noyons and Ani Banerjee. 

Cause of concern for ARB holders?

There are a few key moves since the ARB airdrop that have raised questions among DAO researchers and ARB token holders. As per the Arbitrum Foundation’s documents, 4.278 billion ARB tokens were meant to be allocated to the Arbitrum DAO treasury. 

However, as seen in the table from AIP-1, only 3,527,046,079 ARB tokens have been transferred to the DAO treasury. 

DAO treasury receives smaller than promised share

It was stated that the ArbitrumDAO would have direct on-chain governance powers over the treasury, therefore the community finds no explanation for 750 million ARB to be taken out and moved to a “Special Grants” allocation that has no oversight. 

Blockworks Research’s recent tweet reveals that the firm has reason to believe that Offchain Labs has pre-emptively separated the Administrative Budget Wallet, as seen from the two DAO Treasury wallets below.

ARB holder addresses in AIP-1

The new address is not listed in the token distribution addresses in foundation documents.

The contract address represents a multi-sig wallet, however it is not a part of the documentation and leaves a security loophole if malicious actors gain access to the 699 million ARB. 

Why Vitalik Buterin is bullish on ZK coins

https://www.fxstreet.com/cryptocurrencies/news/why-vitalik-buterin-is-bullish-on-zk-coins-202304020845

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  • Vitalik Buterin addresses Ethereum’s interaction with ZK EVMs, technical challenges, trade offs and solutions for creating a multi-client ecosystem. 
  • The Ethereum co-founder believes the ZK ecosystem could evolve to become an essential part of the altcoin’s Layer 1 security. 
  • The ZK coins narrative becomes relevant with Vitalik’s comments on its importance in the Ethereum ecosystem. 

Vitalik Buterin, the co-founder of Ethereum addressed technical challenges involving security and scalability on the altcoin’s blockchain in a recent blog post. Buterin explained how Zero Knowledge Ethereum Virtual Machine (zkEVM) protocols could help enhance Layer 1 security in the long term. 

Buterin’s comments indicate ZK projects and their native tokens could witness a boost in utility in the short-term, and likely fuel a bullish sentiment among holders. 

Also read: Arbitrum Foundation plans to steal $750 million via AIP-1?

Vitalik Buterin sheds light on ZK rollups and their importance in Ethereum

Vitalik Buterin, the Ethereum co-founder explained how Ethereum’s multi-client philosophy interacts with ZK EVMs. Buterin explains the technical challenges, trade-offs and potential solutions involved in the creation of a multi-client ecosystem. 

The Ethereum co-founder believes that ZK-EVMs will become an essential part of Ethereum’s Layer 1 security and verification process in the future. ZK technology offers developers the chance to prove the authenticity of a transaction or message without revealing any additional information. Thus making ZK protocols key to Ethereum’s ecosystem. 

ZK coins narrative heats up

Leading ZK coins like Polygon (MATIC), ImmutableX (IMX), Loopring (LRC) and Zcash (ZEC) have yielded gains to holders over the past week. With the ZK coins narrative heating up, tokens of key projects in the ecosystem are rallying. 

ZK coins 

Buterin’s comments on ZK coins could fuel the narrative and likely a bullish sentiment among holders of ZK tokens like MATIC, IMX, LRC, ZEC and AZERO. 

Binance, CZ, BitBoy Crypto Dragged Into New $1 Billion Lawsuit

https://beincrypto.com/binance-cz-bitboy-crypto-1b-lawsuit/

It is raining lawsuits for Binance as the cryptocurrency exchange has been dragged into a new class action lawsuit seeking $1 billion in damages.

According to a Fortune report, Moscowitz Law Firm and Boies Schiller Flexner filed a class action lawsuit against Binance, its CEO Changpeng ‘CZ’ Zhao, and three crypto influencers — basketball star Jimmy Butler, Graham Stephan, and Ben Armstrong’ Bitboy.’

Binance Accused of Listing Unregistered Securities

According to the report, Binance listed unregistered securities as cryptocurrencies and paid social media influencers to promote these assets. The law firms claim they investigated the crypto exchange for over a year before filing the lawsuit.

One of the cryptocurrencies considered unregistered security in the case is the Binance token BNB. The filing argued that the BNB burn program makes the asset an unregistered security because it reduces the coin’s supply to boost its value.

The lawsuit is filed on behalf of three plaintiffs — two Florida residents and a person from California — who said they lost money while trading digital assets promoted by Binance and the influencers. The complaints suggested the case could have millions of people eligible for damages.

Speaking about the case, Adam Moskowitz of Moskowitz Law Firm reportedly said:

“The statute clearly states that if an influencer is promoting an unregistered security, and has a financial interest in doing so, the influencer may be liable to everyone who bought the assets. The exchange that facilitates the trades would be liable as well.”

Binance was yet to respond to BeInCrypto’s request for comment at the time of writing.

Meanwhile, this is not the first time the law firm has filed a class action lawsuit against a crypto firm. Moskowitz filed a similar lawsuit against bankrupt crypto exchange FTX and its promoters like Thomas Brady, Kevin O’Leary, and others. The firm also filed another case against bankrupt crypto lender Voyager, alleging that its Earn Program account constituted the sale of unregistered securities.

Binance Rising Legal Troubles

The timing of this lawsuit further puts more legal pressure on Binance. The Commodities Futures Trading Commission (CFTC) recently sued the exchange and CZ for violating derivative trading laws.

Besides that, there are reports that the US Department of Justice is investigating the exchange and its founder.

Meanwhile, Binance said it would cooperate with the regulators and has enjoyed the support of the broader crypto community. The exchange is the largest crypto exchange by trading volume and controls over 70% of the market, according to BeInCrypto data.

Binance Trading Volume (Source: BeInCrypto)

The post Binance, CZ, BitBoy Crypto Dragged Into New $1 Billion Lawsuit appeared first on BeInCrypto.

Sesame it lève 10 millions d’euros pour renforcer son ancrage dans les OIV et les grandes entreprises à l’échelle européenne

https://www.finyear.com/Sesame-it-leve-10-millions-d-euros-pour-renforcer-son-ancrage-dans-les-OIV-et-les-grandes-entreprises-a-l-echelle_a49260.html

A peine un an après le début de la commercialisation de son NDR Jizô, Sesame it – éditeur français de solutions de cybersécurité – a atteint la rentabilité, et choisit ce momentum pour réaliser une levée de fonds. Le concepteur d’un des quatre seuls outils NDR qualifiés par l’ANSSI, annonce accélérer son développement en s’appuyant sur une levée de fonds de 10 millions d’euros auprès d’investisseurs français reconnus pour leur engagement dans la souveraineté numérique : le fonds 115K de La Banque Postale et La Banque des Territoires (Caisse des Dépôts et Consignations), aux côtés des 2 investisseurs historiques, BNP Paris Développement et Astorya VC.

La Loi de Programmation Militaire française encadre, depuis 2013, la cybersécurité des OIV, les Opérateurs d’Importance Vitale, c’est-à-dire les organisations identifiées par l’État comme ayant des activités indispensables à la survie de la nation. Cette cybersécurité repose notamment sur des outils de détection des cybermenaces qui s’appuient sur l’analyse des flux réseaux, communément appelés NDR (Network Detection & Response).

Pour équiper les OIV, ces NDR doivent être qualifiés par l’ANSSI, l’Agence Nationale de la Sécurité des Systèmes d’Information. Cette qualification atteste de la conformité de la solution aux exigences règlementaires, techniques et de sécurité promues par l’ANSSI en apportant une garantie de robustesse du produit, de compétence du prestataire de service, et d’engagement du fournisseur de solutions à respecter des critères de confiance.

A ce jour, seules 4 solutions NDR ont été qualifiées par l’ANSSI, dont celle de Sesame it, baptisée Jizô NDR, qui a nécessité 4 ans de R&D.

« L’analyse des flux réseaux est aujourd’hui un incontournable dans l’arsenal de cyberdéfense de toute entreprise, OIV ou non. En effet, les flux réseaux étant infalsifiables, riches et complets, ils offrent une vision totale de la moindre activité malveillante au sein des systèmes d’information. L’analyse des flux réseau permet également l’anticipation de la menace, ce qui fait de Jizô l’un des outils les plus efficaces dans la détection de toute cybermalveillance, et une brique incontournable dans toute bonne stratégie de cybersécurité » explique Audrey Amédro, fondatrice et CEO de Sesame it.

Si la solution Jizô NDR de Sesame it est recommandée et qualifiée par l’ANSSI pour protéger les OIV, elle peut d’autant mieux protéger toutes les autres organisations, publiques comme privées. Sesame it compte déjà une dizaine de clients, dont de grandes administrations et acteurs privés, et a enregistré plus de 10 millions d’euros de commandes en 2022.

« Sesame it nous a très vite convaincus par la qualité et l’innovation de ses technologies de détection et d’analyse, l’une des rares solutions NDR à être qualifiées par l’ANSSI, et par sa capacité à présenter dès son lancement une accélération commerciale rarement vue sur le marché. Son offre répond pleinement à l’urgence cyber à laquelle sont confrontés les acteurs publics et privés, » explique François Charbonnier, Directeur d’Investissement de la Caisse des Dépôts.

S’appuyer sur la qualification ANSSI pour se développer en Europe et dans le reste du monde

Les sommes levées vont être investies selon 3 axes stratégiques.

Le premier est le développement commercial en Europe. En effet, la directive européenne NIS 2, publiée le 27 décembre 2022 au Journal Officiel de l’Union Européenne, entrera en vigueur en France au deuxième semestre 2024, au plus tard. Elle va imposer à des milliers d’entités, des administrations de toutes tailles et des entreprises allant des PME aux groupes du CAC40, la mise en œuvre des moyens de protection cyber adaptés aux menaces de plus en plus nombreuses. Bénéficiant de la qualification ANSSI et de la reconnaissance de la qualité cybersécurité made in Europe, Sesame it a tous les atouts en main pour assurer son développement rapide en Europe.

Le deuxième axe est le renforcement des équipes dédiées à l’accompagnement de ses clients et de ses partenaires…

Le troisième concerne l’objectif de Sesame it de rester à la pointe des technologies dans un secteur où la menace évolue très rapidement et les groupes d’attaquants sont très innovants. Par exemple, compléter les capacités d’analyse en deep learning des déviances comportementales, et innover encore via son service de Threat Intelligence.

« En investissant chez Sesame it, nous participons au développement d’une technologie de pointe au service de la protection des grandes entreprises, notamment françaises et européennes, et des Opérateurs d’Importance Vitale (OIV), parmi lesquels de nombreuses institutions financières. Cet investissement est en outre cohérent avec notre volonté de développer une thématique cybersécurité et cyberdéfense au sein de notre fonds 115K et répond aux enjeux de souveraineté numérique que nous défendons et soutenons avec conviction au sein de La Banque Postale et du grand pôle de bancassurance public » confirme Olivier Lévy-Barouch Président de 115K et Directeur général adjoint Finance et Stratégie du groupe La Banque Postale.

Donner aux responsables sécurité les bonnes informations en temps réel

En plus de ses qualités techniques reconnues, de ses performances et de son niveau de sécurité validé par l’ANSSI, la solution Jizô NDR de Sesame it bénéfice de deux atouts majeurs : la transparence et la simplicité d’utilisation. Une fois installé aux endroits stratégiques du système d’information, Jizô permet de traquer les cybercriminels en détectant toutes sortes d’attaques et intrusions informatiques. La structure complexe de Jizô, combinant une série de moteurs de détection, soutenus par de puissants algorithmes de Machine Learning, permet de détecter des comportements anormaux et alerter les responsables sécurité en temps réel. Ceux-ci peuvent alors réagir rapidement et prendre les bonnes décisions en s’appuyant sur les bonnes informations.

La menace cyber étant en constante évolution, Sesame it dispose d’une équipe de 6 analystes couvrant 50 pays et parlant 9 langues pour transformer le renseignement en set de détection prêts à l’emploi pour Jizô. Dès qu’une nouvelle menace, une nouvelle faille, a été identifiée, ils peuvent la traduire en langage réseau et fournir un scenario de détection en 24 heures.

« Etape après étape, sur des fondements solides, les fondateurs de Sesame it ont construit une plate-forme technologique exceptionnelle et franchi les jalons (qualification, commercialisation à grande échelle) pour devenir une jeune entreprise des plus prometteuses dans la cybersécurité. BNP Paribas Développement est heureux d’accompagner l’équipe depuis 2020 et dans le cadre de ce nouveau tour de table, aux côtés d’un pool d’investisseurs qualifiés, » affirme Nicolas Tymen de BNP Paribas Développement.

Pour cette opération, Sesame it a été accompagné par la banque d’affaires Ryder & Davis.

A propos de Sesame it

Fondée en 2017 par Audrey Amédro et Jérôme Gouy, Sesame it accompagne les organisations françaises et européennes dans le déploiement de leur stratégie de cyberdéfense, avec Jizô, sa solution de détection des cybermenaces dans les flux réseaux. Cette dernière est qualifiée par l’ANSSI depuis 2021. A peine un an après le début de la commercialisation de sa solution Jizô NDR, Sesame it a atteint la rentabilité et annonce un EBITDA positif de près d’un million d’euros. Basée à Paris, la société compte aujourd’hui 40 collaborateurs et a déjà convaincu des profils d’élite à les rejoindre pour accompagner sa croissance.

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Disclaimer: The text above is a press release that was not written by Finyear.com.

The issuer is solely responsible for the content of this announcement.

Avertissement : Le texte ci-dessus est un communiqué de presse qui n’a pas été rédigé par Finyear.com.

L’émetteur est seul responsable du contenu de cette annonce.

————————————————————————-

Les avis financiers et/ou économiques présentés par les contributeurs de Finyear.com (experts, avocats, observateurs, bloggers, etc…) sont les leurs et peuvent évoluer sans qu’il soit nécessaire de faire une mise à jour des contenus. Les articles présentés ne constituent en rien une invitation à réaliser un quelconque investissement.

The financial and/or economic opinions presented by Finyear.com contributors (experts, lawyers, observers, bloggers, etc.) are their own and may change without the need to update the content. The articles presented do not constitute an invitation to make any investment.

Fintech, Blockchain News by Finyear

Etude | Activité du Capital Investissement en 2022

https://www.finyear.com/Etude--Activite-du-Capital-Investissement-en-2022_a49261.html

Selon l’enquête annuelle de France Invest en partenariat avec Grant Thornton réalisée auprès de 309 sociétés de gestion (93 % de taux de couverture), 2 857 entreprises et projets d’infrastructure ont été financés et accompagnés en 2022, contre 2 495 en 2021. Des investissements qui résistent dans un marché français qui se distingue du marché mondial, malgré une inflexion au second semestre.

– 2 857 entreprises et projets d’infrastructure ont fait l’objet de 36 Md€ d’investissement en 2022. Le marché français se distingue du marché mondial avec une baisse limitée des investissements dans les PME.

– 41,5 Md€ ont été collectés auprès des souscripteurs, à investir en 5 ans en moyenne, avec un ralentissement observé au deuxième semestre.

-Comme en 2021, les particuliers et family office, avec 19 % des souscriptions en direct et via l’assurance-vie, confirment leur intérêt pour le capital-investissement (hors infrastructure)

France Invest (Association des Investisseurs pour la Croissance) et Grant Thornton présentent aujourd’hui l’activité pour l’année 2022 des acteurs français du capital-investissement (entreprises et projets d’infrastructure). Ce bilan d’activité fait encore une fois référence : 309 sociétés de gestion y ont en effet participé (soit un taux de couverture de 93 %).

Claire Chabrier, présidente de France Invest, commente : « L’année 2022 a été à de nombreux égards chahutée par des facteurs extérieurs. Notre industrie a été impactée sur la deuxième partie de l’année, notamment par un ralentissement des levées de fonds. Le bilan 2022 demeure néanmoins positif : l’industrie française du capital-investissement reste active et continue de financer les start-up, les PME et ETI, pour être plus solides et plus conquérantes. Elle est parfaitement outillée pour naviguer dans des temps incertains où les entreprises doivent traverser des crises à répétition tout en continuant à innover et à accélérer leurs transitions économiques et écologiques Parallèlement, nous notons l’intérêt renouvelé des épargnants particuliers et des family offices pour notre industrie : ils représentent 19 % des levées. Nous jouons d’ores et déjà notre rôle de pont entre l’épargne et le financement de l’économie et nous continuerons à le faire. »

1. Les données globales des acteurs du capital-investissement en 2022 :

les investissements se maintiennent, davantage d’entreprises et de projets d’infrastructure sont accompagnés, mais les levées ralentissent

2 857 entreprises et projets d’infrastructurefinancés et accompagnés en 2022 (contre 2 495 en 2021)

Sur l’année 2022, les acteurs français du capital-investissement et de l’infrastructure ont investi 36 Md€ (+1 % par rapport à 2021) dans 2 857 entreprises et projets d’infrastructure (+15 % par rapport à 2021).

Les principaux secteurs financés sont l’industrie, le numérique, la santé (y compris les biotechnologies) et les énergies renouvelables.

En parallèle ce sont 41,5 Md€ d’épargne qui ont été levés auprès d’investisseurs institutionnels et privés (-1 % par rapport à 2021).

L’attractivité se confirme auprès des investisseurs internationaux, qui représentent 55 % des levées (par rapport à 49 % en moyenne annuelle sur les 10 dernières années).

Ces chiffres apparemment stables par rapport à 2021 reflètent toutefois un décalage important entre le premier et le second semestre (détails plus bas). En particulier, le ralentissement des levées au second semestre renverse la tendance historique d’un second semestre plus actif que le premier.

2. Zoom sur le marché du capital-investissement (hors infrastructure) :

des investissements en léger recul et un nombre plus important d’entreprises accompagnées

Investissements

En 2022, les montants investis atteignent 24,7 Md€ (-9 % par rapport à 2021). Cette légère baisse s’explique par la diminution des investissements de taille supérieure à 100 M€.

Les transactions primaires (entreprises qui ouvrent leur capital à un adhérent de France Invest pour la première fois) représentent 46 % des montants investis sur l’année (en ligne avec la moyenne annuelle sur les 10 dernières années).

2 681 entreprises ont été accompagnées en 2022 (+4 % par rapport à 2021). Ce très fort niveau n’est donc pas impacté par la baisse du nombre d’opérations au second semestre

Une légère contraction des montants investis sur le segment du capital-transmission, notamment sur les opérations de plus de 100 M€, s’explique en partie par la forte diminution des financements bancaires au second semestre, qui ont été un facteur limitant pour la mise en place de certaines opérations de grande taille.

Notons que les opérations dans les segments du venture et du growth sont en hausse de +11 % en montants investis et +13 % en nombre par rapport 2021.

Le trio de tête des secteurs investis est : l’industrie, le numérique et la santé, en cohérence avec la tendance des dernières années.

Levées

Les levées ont globalement légèrement augmenté à 25,4 Md€, notamment portées par quelques levées supérieures à 1 Md€.

Les levées ont toutefois chuté entre le premier et le second semestre (-50 %). Alors que les données historiques montrent un second semestre plus dynamique, le second semestre 2022 atteint son plus bas niveau depuis le S2 2017.

Les souscripteurs sont toujours très diversifiés et les levées réalisées à l’international restent à un haut niveau de 40 %.Comme en 2021, les particuliers et family office, avec 19 % des souscriptions en direct et via l’assurance-vie, confirment leur intérêt pour le capital-investissement (hors infrastructure). Ce sont des levées en direct ou via l’assurance-vie en unités de compte (4,8 Md€). Les investisseurs institutionnels restent bien sûr largement majoritaires (82 %) mais cette évolution confirme la tendance observée ces deux dernières années.

3. Zoom sur le marché de l’infrastructure :

des niveaux d’investissement très élevés portés par la transition environnementale et la mobilité / les transports

Investissements

Les investissements sont en hausse à 11,6 Md€ (+30 % par rapport à 2021) tirés encore en 2022 par les financements des énergies renouvelables (3,9 Md€ et 61 % des projets soutenus en nombre).

Levées de capitaux

Le niveau des levées diminue à 16 Md€ (-7 % par rapport à 2021), du fait de moindres levées de grande taille.

Comme observé historiquement, les principaux souscripteurs sont des caisses de retraites, fonds de pension et fonds de fonds et assureurs qui représentent 80 % des montants levés.

80 % des capitaux sont levés à l’international (contre 69 % en moyenne annuelle sur les 4 dernières années).

Thierry Dartus, associé, Transaction Advisory Services, Grant Thornton souligne : « Le millésime 2022 se clôture sur une année pleine de contraste. L’activité est restée globalement soutenue, malgré un environnement macroéconomique et géopolitique peu favorable au capital investissement. Après un premier semestre dynamique, le durcissement des conditions de financement des opérations de LBO a impacté l’activité. . Les levées de fonds sont toutefois restées stables sur la période à près de 40 Md€. Même si le nombre d’entreprises investies a progressé en 2022 (+14 % avec 2 900 entreprises), le ralentissement en montants est observé sur le segment des tickets supérieur à 15 M€ et sur les secteurs de l’économie les plus exposés aux incertitudes actuelles (BtoC, santé et numérique notamment). Il est prématuré de tirer les conséquences de cette inflexionpour les premiers mois de 2023. Les entreprises affichent des bilans solides et de bons résultats. Une baisse de l’inflation pourrait faciliter l’activité du capital-investissement lors des prochains mois. »

Les montants globaux pour 2022 pour

le capital-investissement (y compris infrastructure) et la dette privée :

53,7 Md€ investis et 52,8 Md€ collectés

Télécharger l’étude

Illustration extraite de l’étude. Les Montants levés sont les montants par véhicule d’investissement.

————————————————————————

Disclaimer: The text above is a press release that was not written by Finyear.com.

The issuer is solely responsible for the content of this announcement.

Avertissement : Le texte ci-dessus est un communiqué de presse qui n’a pas été rédigé par Finyear.com.

L’émetteur est seul responsable du contenu de cette annonce.

————————————————————————-

Les avis financiers et/ou économiques présentés par les contributeurs de Finyear.com (experts, avocats, observateurs, bloggers, etc…) sont les leurs et peuvent évoluer sans qu’il soit nécessaire de faire une mise à jour des contenus. Les articles présentés ne constituent en rien une invitation à réaliser un quelconque investissement.

The financial and/or economic opinions presented by Finyear.com contributors (experts, lawyers, observers, bloggers, etc.) are their own and may change without the need to update the content. The articles presented do not constitute an invitation to make any investment.

Fintech, Blockchain News by Finyear

Cyber-risques : pour une meilleure modélisation du marché de l’assurance

https://www.finyear.com/Cyber-risques-pour-une-meilleure-modelisation-du-marche-de-l-assurance_a49264.html

Confrontées à une hausse des cyberattaques, les compagnies d’assurances comme les entreprises restreignent actuellement le champ des possibles. Une évolution d’ensemble s’impose…Par Yann Fareau, Director of Business Development for EMEA South, Vectra AI

En 2023, le marché de l’assurance des cyber-risques demeure plus que jamais incertain. Et pour cause : après avoir subi de très lourdes pertes en 2021, les compagnies d’assurances ont réagi en durcissant parfois drastiquement leurs conditions de souscription. Si certains secteurs sont plus concernés que d’autres – à l’image par exemple des télécommunications ou des finances –, tous sont concernés.

Fréquence et impact des attaques : deux phénomènes additionnés

Il faut dire que le contexte actuel est loin d’être clément. Selon le rapport 2023 Global Security Outlook, deux phénomènes s’additionnent. La nature de la cybermenace tout d’abord. Ces dernières années, celle-ci a évolué à la fois quantitativement et qualitativement. Dans son panorama de la cybermenace 2022, l’Agence Nationale de la Sécurité des Systèmes d’Information (ANSSI) confirme le haut niveau des menaces déjà observé en 2021. L’an dernier, 40% des attaques par ransomwares ont concerné des TPE, PME et ETI, 23% des collectivités locales (mairies, régions…) et 10% des hôpitaux. Au niveau mondial, 48% des entreprises ont ainsi été touchées par un incident cyber ces 12 derniers mois, contre 37% en 2021. Quant à la nature des attaques, elle s’est transfigurée, passant par exemple de plus en plus par les périphériques, notamment les téléphones portables.

À cette évolution rapide et grandissante de la menace s’ajoute un second élément : l’instabilité internationale. La guerre en Ukraine a, elle aussi, eu un effet démultiplicateur sur les risques, désormais très liés au positionnement des États ainsi qu’aux dynamiques géopolitiques.

Une perte de valeur pour les entreprises

Ce double phénomène touche très directement les compagnies d’assurance dans leur capacité à apporter des garanties suffisantes à des prix raisonnables. Confrontées à des pertes majeures (à hauteur de 4 millions d’euros en moyenne pour les grandes entreprises attaquées), les assurances ont ces derniers mois restreint assez drastiquement leurs conditions. C’est ainsi que les primes des grands groupes ont été multipliées par deux (44,4%). Dans le même temps, la surface assurée s’est restreinte (de 4,4% à en croire l’étude 2022 de l’AMRAE, l’Association pour le Management des Risques et des Assurances de l’Entreprise). Démultiplication des primes et restriction du champ couvert par les primes… Ce double effet ciseau n’aura qu’un seul intérêt : celui de permettre au marché de retrouver un semblant d’équilibre. Encore faut-il que l’offre corresponde à la demande du marché.

Faut-il se satisfaire de cette situation ? En 2023, le marché de la cyberassurance se concentre sur les grands groupes, à hauteur de 82% selon l’AMRAE. Qu’en est-il des ETI et surtout de notre tissu de PME et de TPE, qu’on sait particulièrement développé en Europe ? Il n’est pas possible d’exclure de fait tout un pan de l’économie qui aura besoin de s’assurer pour dédommager des tiers en cas de sinistre cyber majeur ; en particulier si les services non rendus provoquent des pertes de vies humaines (une prédiction émise par le Gatner d’ici 2025).

Autre phénomène : l’ajout d’exclusions et de limites de responsabilités dans les contrats d’assurances amènent certaines entreprises, et singulièrement des grands groupes, à quitter le marché. Ainsi, selon le dernier rapport AXA Future Risks, sur 251 grandes entreprises ayant souscrit une cyber-assurance en 2020, 11 ont décidé d’y renoncer en 2021 (soit près de 5%)… Quant aux ETI ou aux PME, ils n’engagent tout simplement aucune démarche.

Un marché fragile, dans un contexte d’instabilité

On ne voit bien : tel qu’il se déploie en 2023, le marché des cyber-risques se caractérise par un déficit d’approche globale, pour ne pas dire par une certaine fragilité. Pouvons-nous continuer sur cette voie ? Sans doute pas. Alors que le monde est de plus en plus instable, il semble important que toutes les entreprises puissent trouver une solution assurantielle. Il est également important que les compagnies d’assurances soient de leur côté en capacité d’assurer des bénéfices, ce qui suppose de trouver un compromis plus large que l’équilibre précaire sur lequel nous reposons aujourd’hui.

Dans ce débat, une question de fond demeure : celle de la modélisation. Les éditeurs de solutions devraient pouvoir y prendre part, apportant aux échanges un regard susceptible d’enrichir et de structurer le cadre contractuel existant.

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The issuer is solely responsible for the content of this announcement.

Avertissement : Le texte ci-dessus est un communiqué de presse qui n’a pas été rédigé par Finyear.com.

L’émetteur est seul responsable du contenu de cette annonce.

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The financial and/or economic opinions presented by Finyear.com contributors (experts, lawyers, observers, bloggers, etc.) are their own and may change without the need to update the content. The articles presented do not constitute an invitation to make any investment.

Fintech, Blockchain News by Finyear

A brief history of artificial intelligence

https://cointelegraph.com/news/a-brief-history-of-artificial-intelligence

Multiple factors have driven the development of artificial intelligence (AI) over the years. The ability to swiftly and effectively collect and analyze enormous amounts of data has been made possible by computing technology advancements, which have been a significant contributing factor. 

Another factor is the demand for automated systems that can complete activities that are too risky, challenging or time-consuming for humans. Also, there are now more opportunities for AI to solve real-world issues, thanks to the development of the internet and the accessibility of enormous amounts of digital data.

Moreover, societal and cultural issues have influenced AI. For instance, discussions concerning the ethics and the ramifications of AI have arisen in response to worries about job losses and automation.

Concerns have also been raised about the possibility of AI being employed for evil intent, such as malicious cyberattacks or disinformation campaigns. As a result, many researchers and decision-makers are attempting to ensure that AI is created and applied ethically and responsibly.

AI has come a long way since its inception in the mid-20th century. Here’s a brief history of artificial intelligence.

Mid-20th century

The origins of artificial intelligence may be dated to the middle of the 20th century, when computer scientists started to create algorithms and software that could carry out tasks that ordinarily need human intelligence, like problem-solving, pattern recognition and judgment.

One of the earliest pioneers of AI was Alan Turing, who proposed the concept of a machine that could simulate any human intelligence task, which is now known as the Turing Test. 

Related: Top 10 most famous computer programmers of all time

1956 Dartmouth conference

The 1956 Dartmouth conference gathered academics from various professions to examine the prospect of constructing robots that can “think.” The conference officially introduced the field of artificial intelligence. During this time, rule-based systems and symbolic thinking were the main topics of AI study.

1960s and 1970s

In the 1960s and 1970s, the focus of AI research shifted to developing expert systems designed to mimic the decisions made by human specialists in specific fields. These methods were frequently employed in industries such as engineering, finance and medicine.

1980s

However, when the drawbacks of rule-based systems became evident in the 1980s, AI research began to focus on machine learning, which is a branch of the discipline that employs statistical methods to let computers learn from data. As a result, neural networks were created and modeled after the human brain’s structure and operation.

1990s and 2000s

AI research made substantial strides in the 1990s in robotics, computer vision and natural language processing. In the early 2000s, advances in speech recognition, image recognition and natural language processing were made possible by the advent of deep learning — a branch of machine learning that uses deep neural networks.

Modern-day AI

Virtual assistants, self-driving cars, medical diagnostics and financial analysis are just a few of the modern-day uses for AI. Artificial intelligence is developing quickly, with researchers looking at novel ideas like reinforcement learning, quantum computing and neuromorphic computing.

Another important trend in modern-day AI is the shift toward more human-like interactions, with voice assistants like Siri and Alexa leading the way. Natural language processing has also made significant progress, enabling machines to understand and respond to human speech with increasing accuracy. ChatGPT — a large language model trained by OpenAI, based on the GPT-3.5 architecture — is an example of the “talk of the town” AI that can understand natural language and generate human-like responses to a wide range of queries and prompts.

Related: Biased, deceptive’: Center for AI accuses ChatGPT creator of violating trade laws

The future of AI

Looking to the future, AI is likely to play an increasingly important role in solving some of the biggest challenges facing society, such as climate change, healthcare and cybersecurity. However, there are concerns about AI’s ethical and social implications, particularly as the technology becomes more advanced and autonomous.

Moreover, as AI continues to evolve, it will likely profoundly impact virtually every aspect of our lives, from how we work and communicate, to how we learn and make decisions.

Elon Musk Led SpaceX To Carry 62 Bitcoins to Moon This Year

https://thenewscrypto.com/elon-musk-led-spacex-to-carry-62-bitcoins-to-moon-this-year/

  • The spaceship will have the private key engraved on it.
  • The LunarCrush team plans to record the whole process of etching the private key.

The popular cryptocurrency company LunarCrush has announced plans to send a “treasure” to the moon. In this case, the prize will be the private key to a cryptocurrency wallet containing precisely 62 Bitcoins, or almost $1.7 million at the current exchange rate.

The spaceship will have the secret code engraved on it, and it will be communicated in the autumn of 2023 during the launch of the SpaceX rocket. The company guarantees the security of the wallet by stating that no one, not even employees, will know the secret code.

Interestingly, SpaceX is owned by none other than Tesla CEO Elon Musk. The CEO has been an advocate of cryptocurrencies and has openly shown his support.

Treasure Hunt Underway

Nevertheless, anybody may add funds to the wallet given that it’s open, raising the stakes for everyone. The Bitcoins can be claimed by the first person who successfully reaches the moon and finds the key in a treasure hunt of sorts. LunarCrush’s goal in doing so is to inspire individuals to learn new things and extend their perspectives.

In order to raise money for the project, LunarCrush teamed up with other businesses including animation company Golden Wolf and Bitcoin developer tools supplier Hiro to offer an NFT collection.

To ensure that there is no obscurity in any part of the procedure, the team plans to record the whole process of etching the private key that will be affixed to the rover. After Lunar Outpost’s MAPP Rover has landed on the moon, the reward will be available to anybody on Earth who can devise and implement a plan to visit the moon’s surface.

Nominations | Albarest Partners se renforce, Steve GUYARD promu Directeur de Participations.

https://www.finyear.com/Nominations--Albarest-Partners-se-renforce-Steve-GUYARD-promu-Directeur-de-Participations_a49269.html

Albarest Partners fait évoluer trois collaborateurs – Steve Guyard, Anaïs Large, Neil Benoist, pour accompagner le développement de son portefeuille et accueille une Office Manager, Marine Brun, pour structurer son organisation.

Steve GUYARD est promu Directeur de Participations.

Steve a rejoint Albarest Partners à sa création, en tant que Chargé d’Affaires Senior. Diplômé de l’EDC Paris Business School et titulaire d’un Mastère Spécialisé en Ingénierie Financière de l’EM Lyon Business School, il a démarré sa carrière en Financements à la Caisse d’Epargne avant d’intégrer MBO Partenaires en tant que Chargé d’Affaires en 2015.

Anaïs LARGE devient Chargée d’Affaires Senior.

Après une expérience en M&A au sein du Groupe TF1 et en Audit chez Deloitte, elle a pris le poste de Chargée d’Affaires chez MBO Partenaires en 2017 avant de rejoindre Albarest Partners à sa création. Anaïs est diplômée de l’EDHEC Business School et d’un « Master Universitario en Finanzas » de l’ICADE (Madrid).

Neil BENOIST est promu Chargé d’Affaires.

Neil a intégré Albarest Partners en 2021 en tant qu’Analyste. Diplômé du Master Banque/Finance de l’Université Lumière Lyon 2 et du MSc Finance de l’EM Lyon Business School, Neil a eu auparavant différentes expériences en analyse financière à la Banque de France et en Transaction Services chez Arthaud & Associés.

Marine BRUN est nommée Office Manager.
Marine a une solide expérience de Chef de Projet qu’elle a exercée dans la communication, la publicité et la production vidéo, au sein de grands groupes de communication comme TBWA Paris et DDB, et plus récemment chez BFM Lyon. Elle est titulaire d’un Master en Publicité, Agences et Média de l’ISCOM et d’un Bachelor en Marketing & Management du CEFAM.

« Nous sommes ravis d’accueillir Marine dont le rôle de facilitatrice constitue un soutien précieux pour Albarest Partners. Et nous sommes heureux de l’évolution de Steve, Anaïs et Neil qui confirme leur expertise et leur rôle important dans le développement de la société, aux côtés de nos participations. » commente Edouard Malandrin, président d’Albarest Partners.

A propos d’Albarest Partners
Albarest Partners est une société gestion de portefeuille (agréée par l’AMF sous le numéro GP-20000043) lyonnaise et indépendante, dédiée à l’investissement dans des projets de transmission (LBO) ou de rebond (capital-développement), sur le segment du Small cap dans des entreprises issues de tous secteurs d’activité et implantées dans le grand quart Sud Est de la France. Albarest Partners, via son fonds Albacap 1 FPCI, investit des tickets unitaires compris entre 5 M€ et 15 M€ et se positionne comme actionnaire de référence, véritable associé des dirigeants et entrepreneurs autour de projets de développement ambitieux.

Fintech, Blockchain News by Finyear

Arbitrum’s first governance proposal sparks controversy with $1B at stake

https://cointelegraph.com/news/arbitrum-s-first-governance-proposal-sparks-controversy-with-1b-at-stake

A proposal to fund the Arbitrum Foundation with 750 million ARB tokens — nearly $1 billion — raised controversy in the ARB community over the weekend, as the Foundation announced that it was only ratifying a decision that had already been made. 

The conflict comes after a few days the layer-2 protocol airdropped its governance token.

According to the AIP-1 proposal on Arbitrum’s DAO, the 750 million tokens would be used to cover “Special Grants, reimbursing applicable service providers […] and covering ongoing administrative and operational costs of The Arbitrum Foundation.”

Among tokens holders, over 70% are against the move at the time of writing.

Screenshot: AIP-1: Arbitrum Improvement Proposal Framework. Source: Arbitrum DAO. 

After facing backlash from community members, the Foundation said in a forum post on April 2 that AIP-1 was a ratification, not a proposal. It also noted that part of the tokens were already sold for stablecoins. In other words, its billionaire budget and allocations would not be subject to an on-chain governance process.

The Arbitrum Foundation claims the symbolic first governance attempt failed due to communication problems and decisions that were “clearly not articulated correctly”:

“One of the mistakes in the drafting of AIP-1 was a failure to note at the outset that this proposal was intended to act as a ratification of the initial setup of both the Arbitrum DAO and the Foundation that has been created to serve the DAO. […] the point of AIP-1 was to inform the community of all of the decisions that were made in advance.”

Commenting on the governance forum, members of the community pointed out that Arbitrum’s team “has been dumping tokens that were initially informed to the community as locked tokens,” claiming that “all tokenomics page shows only User airdrop + DAO airdrop tokens as unlocked” with remaining “tokens to unlock in March 2024.”

Others highlighted that under the United States securities laws, the anticipated sale would be considered fraud, and that U.S. citizens who have bought ARB tokens or claimed the airdrop “are eligible for legal remedies.”

“I will be pursuing this with my lawyers and expect to file a securities fraud lawsuit in the next few days. […] Immediately, the Arbitrum Foundation is advised to halt all illegal sales of the token that are being done without any authorization and against the provisions of the law,” said a community member.

Arbitrum’s blockchain holds 65% of the Ethereum layer 2 market share, shows data from the layer-2 analytics site L2Beat. The highly anticipated launch and airdrop of its native governance token took place on March 23, with hundreds of thousands of eligible users and DAOs claiming ARBs. Overwhelming user demand led the airdrop claim page to crash shortly after its launch, Cointelegraph reported. 

Etude | KPMG évalue notre confiance dans l’IA

https://www.finyear.com/Etude--KPMG-evalue-notre-confiance-dans-l-IA_a49268.html

Alors que les autorités italiennes annonçaient vendredi soir (31 mars 2023), bloquer l’usage de ChatGPT sur leur territoire, l’étude de KPMG en partenariat avec The University of Queensland – Australia, passe au crible nos différents niveaux de confiance dans l’Intelligence Artificielle. En France, un peu moins d’un tiers des personnes interrogées (31 %) a confiance dans l’IA. (Etude à télécharger en bas d’article)

L’intelligence artificielle (IA) est devenue omniprésente dans la vie quotidienne et au travail.

L’IA permet une innovation rapide qui transforme la manière dont le travail est effectué et dont les services sont fournis.
Par exemple, les outils d’IA générative tels que ChatGPT ont un impact profond. Compte tenu des nombreux avantages potentiels et réels pour les personnes, les organisations et la société, l’investissement dans l’IA continue de croître dans tous les secteurs, les organisations exploitant les capacités de l’IA pour améliorer les prévisions, optimiser les produits et les services, accroître l’innovation, améliorer la productivité et l’efficacité, et réduire les coûts, entre autres applications bénéfiques.

Toutefois, l’utilisation de l’IA présente également des risques et des défis, ce qui soulève des inquiétudes quant à la fiabilité des systèmes d’IA (y compris les données, les algorithmes et les applications). Ces inquiétudes ont été alimentées par des cas très médiatisés d’utilisation de l’IA qui se sont révélés biaisés, discriminatoires, manipulateurs, illégaux ou qui ont violé les droits de l’homme.

Pour tirer parti des avantages de l’IA et du retour sur investissement de ces technologies, il faut conserver la confiance du public : les gens doivent être convaincus que l’IA est développée et utilisée d’une manière responsable et digne de confiance.
L’acceptation et l’adoption durables de l’IA dans la société reposent sur cette confiance.

KPMG a interrogé plus de 17 000 personnes dans 17 pays couvrant toutes les régions du monde : Afrique du Sud, Allemagne, Australie, Brésil, Canada, Chine, Corée du Sud, Estonie, États-Unis d’Amérique, Finlande, France, Inde, Israël, Japon, Pays-Bas, Singapour et Royaume-Uni. Ces pays sont à la pointe de l’activité et de la préparation en matière d’IA dans leur région.

L’échantillon de chaque pays est représentatif de la population sur le plan de l’âge, du sexe et de la répartition régionale. Nous avons interrogé les personnes interrogées sur la confiance et les attitudes à l’égard des systèmes d’IA en général, ainsi que sur l’utilisation de l’IA dans le contexte de quatre domaines d’application où l’IA est rapidement déployée et susceptible d’avoir un impact sur de nombreuses personnes : les soins de santé, la sécurité publique, les ressources humaines et les applications de recommandation aux consommateurs.

L’étude fournit des informations complètes, actuelles et globales sur la confiance et l’acceptation des systèmes d’IA par le public, y compris sur les personnes de confiance chargées de développer, d’utiliser et de gérer l’IA, sur les avantages et les risques perçus de l’utilisation de l’IA, sur les attentes de la communauté en matière de développement, de réglementation et de gestion de l’IA, et sur la manière dont les organisations peuvent renforcer la confiance dans l’utilisation de l’IA. Elle met également en lumière ce que les gens pensent de l’utilisation de l’IA au travail, la compréhension et la connaissance actuelles de l’IA et les principaux facteurs de confiance dans les systèmes d’IA.

Télécharger l’ETUDE

Fintech, Blockchain News by Finyear

Elon Musk Asks Judges to Dismiss $258,000,000,000 Dogecoin (DOGE) Lawsuit: Report

https://dailyhodl.com/2023/04/02/elon-musk-asks-judges-to-dismiss-258000000000-dogecoin-doge-lawsuit-report/

Billionaire Elon Musk is reportedly asking a judge to dismiss the multi-billion-dollar lawsuit filed against him for allegedly illegally promoting Dogecoin (DOGE).

According to a new report by Reuters, attorneys representing the Tesla chief executive are asking a judge to throw out the $258 billion lawsuit filed by a group of investors that accuses him of perpetrating a pyramid scheme.

Musk’s lawyers say that the lawsuit is a work of fiction, and that Musk’s statements about Dogecoin were too vague and silly to be considered actual endorsements of an asset. Furthermore, the attorneys note that DOGE is a legitimate cryptocurrency with a market of cap of about $10 billion.

As stated by his lawyers, according to Reuters,

“There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion. This court should put a stop to plaintiffs’ fantasy and dismiss the complaint.”

The investors’ lawsuit claims that Musk purposely drove the price of Dogecoin up by 36,000% over a span of two years, before letting it crash. The lawsuit further claims that Dogecoin was a security and that Musk knew that it had no intrinsic value.

According to the report, The Dogecoin Foundation is also named as a defendant and is asking the court to dismiss the lawsuit as well.

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The post Elon Musk Asks Judges to Dismiss $258,000,000,000 Dogecoin (DOGE) Lawsuit: Report appeared first on The Daily Hodl.

7 Real-World NFT Use Cases That Should Be on Your Radar

https://blockworks.co/news/7-nft-use-cases

Non-fungible tokens have considerably advanced from simply being considered hype trading cards, and have gone on to capture mass attention as the concept has evolved into more solid use cases.  

These tokens essentially are unique digital assets that can take the form of anything, and represent distinct ownership.

Some NFT use cases are already well known, while others are up and coming.

Real Estate NFTs

Real property is one of the major areas where NFTs have grown popular, as seen by the appetite for the fractionalized real estate market. Investors are hungry to diversify investment options, and since housing prices are so expensive, they have found that opting to buy just a chunk of real estate can be a logical solution.

Gaming NFTs

NFT marketplaces have already seen over $700 million in daily volume, with players like Sony, Polygon and Yuga Labs making significant bets on NFT gaming, said Hsuan Lee, co-founder of Blocto.

“The convergence of NFTs, gaming and sports fandoms represent a critical inflection point for the transition from Web2 to Web3,” he told Blockworks. 

“The gaming sector, with its early tech adopters, represents a crucial market segment with in-game currencies and character ‘skins’ serving as a foundation for tokenization. By enabling digital ownership, the sector can realize the potential for game interoperability and monetization, taking utility and composability to the next level.”

Ukraine’s war funds

Ukraine’s ministry of digital transformation launched the MetaHistory NFT museum in March 2022, an effort to keep real-time records of Vladimir Putin’s invasion of Ukraine. The museum sells NFTs, which feature tweets about the war from Ukrainian artists, and the funds go to the ministry’s crypto wallet. Valuable cultural monuments that are destroyed or impacted by the war are restored from the ministry’s funds.

Preserving cultural heritage

Preserving information for a future date is another novel use case for NFTs.

Indonesian culture NFTs

Indonesia’s ministry of tourism is using NFTs to maintain records of its heritage, and in the process, boosting virtual tourism. Web3 platform Quantum Temple is working closely with the Southeast Asian country to tokenize both tangible and intangible forms of its cultural heritage.

Vatican museum NFT gallery

The Vatican announced last year that it would open an NFT art gallery in the metaverse, allowing people from anywhere in the world to view its collections, manuscripts and other objects contained in the actual museum. The city-state teamed up with augmented reality firm Sensorium and non-profit Humanity 2.0.

Experiences

Starbucks tokenizes “journeys”

Starbucks recently launched its first collection of NFTs called “Journey Stamps,” which were originally introduced in December. Web3 consultancy firm Forum3 worked with Starbucks on the project.“ Going to a Starbucks store you’ve never been to this week, or trying a Starbucks drink you’ve never tried” are some examples of these journeys, Forum3’s co-founder Adam Brotman told Blockworks’ founder Jason Yanowitz. In March, the cafe chain sold 2,000 NFTs for $100 each in just 20 minutes of its release.

Australian Open tokenizes match data for NFTs

The Australian Open was the first grand slam to enter the metaverse, minting the AO Art Ball NFTs linked to live data like match points on the blockchain. This project offered people around the world a unique chance to own a select piece of the AO experience, such as a specific moment during the tournament.

Credentials

NFTs are now being utilized by professionals across a plethora of fields with several noteworthy use cases, according to Ekaterina Smirnova, CEO of IOGINALITY.

“Looking at developments across the NFT landscape over recent months, it is clear that as the mainstream infatuation and hype subsides, the professionals remain,” she said.

Today, NFTs are used to represent educational degrees, or professional certifications, enabling secure and verifiable proof of credentials. For instance, I obtained my Wharton certificate on the blockchain, and all I need to do is share the link to proudly display my accomplishment on LinkedIn.

Token-gated access

Nike’s NFT marketplace

Nike got in on the NFT game by launching a marketplace called .Swoosh. The platform lets users trade, that is buy or sell, virtual Nike products like apparel and shoes, mostly meant for “wearables in games or other immersive experiences.”

“Nike serves as an example of a traditional industry, such as fashion, utilizing the widespread interest in the Web3 space to propel their product offerings,” Ken Timsit, head of Cronos Labs, told Blockworks.

Ticketmaster NFT tickets

Ticketmaster opened access to event organizers to issue NFTs tied to tickets. The American ticket sales company allows partners to sell NFTs with tickets on the Flow blockchain. Metal Band Avenged Sevenfold was the first to use Ticketmaster’s “token-gated sales” concept, meaning fans would have early access to concert tickets and other special events using NFTs. 

“By appealing to targeted communities, NFT projects such as this will act as a conduit to onboard the next generation of mainstream users to Web3,” said Stefan Colins, head of marketing at blockchain firm Venly.

Spotify pilots token-enabled playlists

Music streaming giant Spotify is trialing NFT playlists that can only be accessed by certain users. Gaming startup Overlord and Bored Ape band KINGSHIP are among NFT communities that have used this service.

California tokenizes car titles

California’s Department of Motor Vehicles is using blockchain to allow information on car titles to be stored as NFTs. It is using a private fork of blockchain Tezos and crypto software provider Oxhead Alpha to test e-titles, in a move that would decrease documentation and make the process of title information more efficient.


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Top 3 Bullish Cryptocurrencies of the Week as per CoinMarketCap

https://thenewscrypto.com/top-3-bullish-cryptocurrencies-of-the-week-as-per-coinmarketcap/

  • Investors are betting that the XRP token’s developers can beat the SEC in court.
  • The Hedera community was also looking forward to the March 31 mainnet v0.35.2 update.

Major cryptocurrencies have fared very well over the last week despite significant crackdowns, indicating that the crypto market is now fairly steady. Here we cover the top bullish coins of the week.

XRP

XRP is one cryptocurrency that is on the rise. As per CMC, XRP the sixth largest cryptocurrency by market cap and presently selling at $0.54, is up over 20% in the previous week.

It’s not just this week, though; the first three months of 2023 have witnessed a 55% increase from January’s low. Investors are betting that the token’s developers can beat the SEC in court, which is contributing to the asset’s price increase. According to CMC, the XRP price today is $0.521545. XRP is up 2.11% in the last 24 hours.

Hedera (HBAR)

The Hedera coin’s price jumped from a local support zone of $0.057-0.056 on March 29 and has been climbing since. Fresh Supply Co. (FSCO), the biggest user of Mastercard Provenance, recently announced that it will be transitioning from Mastercard’s private blockchain to the public Hedera network, which may explain the unexpected rise.

The Hedera community was also looking forward to the March 31 mainnet v0.35.2 update. This positive price action has prompted buyers to break through a bullish pattern that has held for the last month. According to CMC, the Hedera price today is $0.072764. Hedera is up 3.56% in the last 24 hours.

Stellar (XLM)

Since mid-January, Stellar Lumens (XLM) has been trading inside a negative range, but it has now broken out. Because of this, XLM’s bias changed from being bearish at the range of highs to being quite positive. During the last 7 days, the price of XLM has increased by nearly 20%.

The Brazilian central bank began testing a new kind of digital money at the beginning of this month. Digital Real, a Brazilian CBDC, is putting the Stellar blockchain to the test.

Shortly after, Pendulum announced the public availability of the Spacewalk bridge, which links the Polkadot network to the Stellar blockchain, allowing the Polkadot ecosystem to use fiat and stablecoin currencies. Polkadot will be able to use Stellar’s cross-border payment infrastructure, as well as the rest of Stellar’s infrastructure, through the Spacewalk bridge. According to CMC, Stellar price today is $0.110710. Stellar is up 2.14% in the last 24 hours.

Real-Time Payments Platform, Pidgin, Partners with Effectiv to Mitigate Transaction Fraud

https://www.crowdfundinsider.com/2023/04/204317-real-time-payments-platform-pidgin-partners-with-effectiv-to-mitigate-transaction-fraud/

Pidgin, a secure, real-time payments platform built for the future of payments, has partnered with Effectiv, a fraud-fighting and compliance automation platform “to help financial institutions monitor transactions to detect and prevent payments fraud in real time.” Through the partnership, financial institutions using Pidgin’s faster… Read More

Blockchainreporter: A Glimse of Most Read Crypto News in March

https://blockchainreporter.net/blockchainreporter-a-glimse-of-most-read-crypto-news-in-march/

March 2023 has been a month witnessing extreme regulatory conditions along with increased hacking activities in the crypto sector. Nonetheless, some positive developments have also attempted to stabilize and further advance this burgeoning space. Meta’s endeavours to launch a dApp for social networking, NEAR Protocol’s collaboration with Google Cloud, and Bitcoin’s increasing confidence are the chief events of this month. These and some other significant developments have been discussed below.

Meta to Establish a Decentralized Application for Social Networking

Meta, the top social media giant, is attempting to outcompete its well-known competitor Twitter by creating a dApp. As per a Meta spokesperson, the app will offer social networking and sharing text updates. The spokesperson said that the creators as well as the public figures will be able to instantly share their interest-related updates. A decentralized social network protocol named ActivityPub will also be compatible with the respective dApp.

Meta

HSBC Holdings Plc’s UK Subsidiary to Acquire Silicon Valley Bank UK

HSBC Holdings Plc, a popular banking solutions provider, has declared the acquisition of Silicon Valley Bank UK Limited by its UK-based subsidiary for nearly £1. According to HSBC, the liabilities as well as the assets belonging to the parent entities of SVB UK are not a part of the transaction. The platform confirmed leveraging the existing resources for the completion of the acquisition contract.

Noel Quinn, the CEO of HSBC Group mentioned that the acquisition contract reinforces the commercial banking section of the platform. In addition to this, the CEO thinks that the move is significant in improving the ability of the firm to provide rapidly expanding and innovative forums.

Coinbase Confronts SEC’s Enforcement Actions by Filing Amicus Brief

Amid the uncertain market conditions of the crypto industry, the recent strict regulatory enforcements have been quite challenging. The US regulators have been attempting to hunt down the crypto platforms. Coinbase has not been an exception in this respect. The Securities and Exchange Commission (SEC), in its insider trading lawsuit against Coinbase, accused the crypto exchange of offering unregistered securities.

Nonetheless, the platform filed an amicus brief and stated that the regulatory agency focuses more on enforcing regulations. Nonetheless, there is a requirement for making adequate and clear rules along with proper guidance on what securities are. Apart from that, the platform is endeavouring to be a part of the crypto-related securities market.

NEAR Protocol Collaborates with Google Cloud to Enhance Web3 Adoption

The prominent decentralized application (dApp) platform NEAR Protocol recently collaborated with Google Cloud to add to the worldwide Web3 adoption. Drew Gorton, the Head of Developer Relations at NEAR, pointed out that the platform develops infrastructure services with the use of Google Cloud.

As per the executive, the project is important to drive a broad-ranged adoption of the Web3 sector. Another purpose of this move is to bring more people from Web2 to the Web3 zone. In addition to this, NEAR Protocol is also developing a sharding mechanism to contribute to the ongoing adoption of the platform. This will offer convenience to developers in the creation of usable products.

BitKeep Refunds 11,090 Wallets to Cover the APK Exploit

The famous multichain crypto wallet BitKeep has recently declared having completely compensated consumers who were impacted by the exploit of up to $8M. The platform revealed that up to 11,090 impacted wallets have obtained complete reimbursement. Moreover, with a $30M investment taken from Bitget (a crypto derivatives exchange), the firm plans to be rebranded as Bitget Wallet.

With this, BitKeep will be permitted to access the $300M Bitget User Protection Fund to deal with any likely security threats. The platform has initiated the rebranding procedure to develop a comparatively reliable identity within the ecosystem of Bitget. Nonetheless, BitKeep will keep running as an autonomous entity.

Bitcoin Aims at $30,000 Spot as Market Confidence Enhances

The primary crypto Bitcoin (BTC) reached $29,170 with an increase of 72% during 2 years, though it is currently trading around $28,695 after a slight correction. This huge increase has taken place amid regulatory uncertainty as well as the crisis in the banking market. In such a scenario, many people consider Bitcoin’s upsurge surprising. A lawsuit has recently been filed by the Commodity Futures Trading Commission (CFTC) against Binance and its CEO.

In addition to this, relevant legal measures are also being taken by the regulator against the top crypto exchange. Beaxy (another crypto trading company) has terminated its activities in response to the lawsuit submitted by the SEC. Despite such pessimistic events, Bitcoin’s continuous price rise ignites speculations. However, analysts think BTC cannot move beyond the $30,000 spot anytime soon.

OKX Integrates Alchemy Pay’s Fiat Onramp Solution

The well-known crypto exchange platform OKX has integrated the fiat on-ramp facility provided by Alchemy Pay. The service has compatibility with deposits performed with Visa, Mastercard, as well as other prominent mobile wallets that support fiat currencies. Alchemy Pay has announced that its onramp solution will offer matchless and convenient services for crypto and fiat currencies.

okx

FTX Founder to File a Not-Guilty Plea against the Allegations of Campaign Finance and Bribery

Sam Bankman-Fried, the founder of the infamous collapsed crypto exchange FTX is reported to file a not-guilty plea to some latest criminal allegations raised against him. The new charges against him take into account conspiracy to infringe campaign finance-related laws as well as bribing the Chinese authorities. Formerly, the FTX founder submitted a not-guilty plea against the 8 allegations related to conspiracy and fraud. The respective allegations included the misappropriation of several billion in consumer funds to cover the losses faced by Alameda Research.

As per the people acquainted with the issue, the latest filed charges have increased pressure on Bankman-Fried. As a result of the respective allegations, prolonged imprisonment can be experienced by the FTX founder if the court finds him guilty. The latter part of February witnessed the addition of twelve more charges against Bankman-Fried. The accusations regarding the infringement of bribery laws say that he allegedly offered $40M to the authorities in China to access $1B in frozen crypto assets existing in Alameda-based accounts.

$779,000,000,000 Asset Manager Touts Bitcoin and Crypto, Says ‘Future of Banking Has No Banks’

https://dailyhodl.com/2023/04/02/779000000000-asset-manager-touts-bitcoin-and-crypto-says-future-of-banking-has-no-banks/

A financial giant with nearly $800 billion in assets under management is placing Bitcoin (BTC) and crypto in the spotlight amid the crisis in the US banking sector.

An AllianceBernstein report circulated by former Coinbase CTO Balaji Srinivasan says bank account holders of all sizes are now dealing with a novel risk after the high-profile collapse of Silicon Valley Bank (SVB).

The firm says people now realize the dangers of hyper-speed bank runs that can be magnified by social media and instant payment systems.

And even if the Federal Reserve is willing to step in and provide liquidity to troubled banks, the report says depositors have good reason to look for other options.

“The inconvenience of dealing with a bank failure and obtaining your funds with a lag just does not work for depositors, particularly business depositors.”

AllianceBernstein says Bitcoin and crypto could serve as alternatives to the traditional banking system, especially amid further banking crises and money printing from the Fed.

“We argue that smart contract based decentralized finance systems would suddenly appear as built for this world. Instant liquidation of positions without any lag, do-it-yourself (DIY) risk vaults on the blockchain, deposit stablecoins for revenue-based yields from financial protocols, in our view will become the new-age DIY bank accounts; way more customized, intelligent and real time, leading to more freedom and financial independence for the young users of tomorrow. 

The future of banking has no banks.” 

The firm notes that crypto’s price volatility is the largest obstacle toward its adoption as a viable long-term alternative to traditional banking.

“Bitcoin as digital bearer asset may not immediately appeal to customers who view stability in USD terms. But as we head towards another pivotal moment in monetary history, savers would also watch for not just stability in nominal value, but if any further accidents forces the Fed to breach again the ‘real value’ of the government currency, which many Bitcoin believers have suggested as the final path to hyper-Bitcoinization.”  

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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I asked ChatGPT Ethereum’s [ETH] higher purpose, it said…

https://ambcrypto.com/chatgpt-ethereum-price-prediction-2/

The first quarter of the new year brought a stop to the heartbreak investors repeatedly experienced in 2022. But the balance in the crypto market has been nothing close to the AI hype of the same period. And the sole reason? ChatGPT! Yes, the natural language processing tool has accustomed itself to providing human-like conversations.

As luck would have it, ChatGPT has proven to be worthwhile. And these days, almost every sector and individual seem to use it to their advantage.

The good thing is— the broader crypto ecosystem has not been left out of the trend. So, with the Ethereum [ETH] Shanghai upgrade already set for activation, I decided to speak to ChatGPT about the development while touching a bit on the ETH price.

Understanding what’s Shanghai

So, for this article, I decided to test the AI’s intelligence regarding one of the major upgrades of the crypto space this year – Ethereum’s [ETH] Shanghai Upgrade.  Proposed in 2022, the upgrade is the most significant development of the second-largest blockchain after the Merge.

For a while, assets had been allocated to the Ethereum Beacon Chain. The Beacon Chain is the consensus mechanism for the 2022 Proof-of-Stake (PoS) transition. Thereby, making sure that newly created blocks and validators are duly rewarded.

But, in this case, each validator needs 32 ETH deposited into the Ethereum Mainnet to qualify. The idea of the Shanghai upgrade was scheduled for March 2023, but it has already been pushed forward to 12 April. This, to allow these validators to begin withdrawal of their rewards.

ChatGPT, on the other hand, has been existing for some years. However, its recent push by OpenAI has shown that its ability is one that no other AI product may be able to match up with.

Here’s where it gets interesting. I openly admit that ChatGPT could be one of the best innovations of this decade. However, my views on this incredible development won’t allow me to keep my hands to myself. So, I decided to test its knowledge about the Shanghai upgrade. Trust me, you will be amazed at its response.

Source: ChatGPT

Looking at its response above, it’s evident it started by correcting me. Some would say it has a point too. However, a further evaluation showed that it acted like it was not yet in 2023. Notably, it made some errors with the definition.

Apologizing for the Merge?

A notable observation is its mention of the PoS switch, popularly called the Merge. This is an event that took place in September 2022. Even so, it still responded like it is a future event. But no, I’m not blaming its capability as it is a learning tool. So, to further assess its knowledge, I educated it or shall I say “jailbreak-ed” it by having a heart-to-heart conversation.

Something I find interesting about ChatGPT is not only its smartness, but its human feel too. As shown below, I tried to educate it on what the upgrade was. And to be honest, I never expected an apology from a bot. But yes, I got it.

Source: ChatGPT

However, it again failed to give the correct answer to my inquiry. Although I must applaud it for giving bits and pieces of related information.

While it did not get to the Testnet stages that the blockchain had reached and passed, it is worth noting that the Sepolia and Goerlii Testnets have been forked. However, Ethereum developer Tim Beiko had on 14 March said that several validators have failed to upgrade on the Beacon Chain.

And, this has caused some issues with the nodes on Georli, with Beiko noting that the development team is working on it so it does not affect the Mainnet upgrade.

Now, let’s get back to ChatGPT. As you probably know, developments in the crypto-ecosystem sometime lead to a hike in tokens related to projects. Unfortunately, that was not the case for ETH during the Merge. In fact, the altcoin’s price was shredded after many looked forward to an uptick.

The sentiment, as the next upgrade approaches, is similar among some investors. In light of this, I decided to ask ChatGPT’s opinion about the matter.

Here’s what it thinks of ETH’s price

Remember how I said it apologized and gave me a human-like feel? This time, it was different and its reply was something any honest person in the space would give.

As the popular saying goes— Not financial advice, ChatGPT advised caution and gave instances where price action depends on several underlying factors. This is one part that, to me, the AI seems to have perfected.

Source: ChatGPT

However, this was not the response I was expecting. From the reviews I saw online, I believe that ChatGPT should be able to give me an exact figure. If it can’t do that, then maybe it should be able to give a price range, or at worst an idea if the price would be bullish or capitulate.

So, my determination made me dig deep as I tried to jailbreak it. To do that, I decided to go with the “Do Anything Now” (DAN) model. This was a trick I discovered from AI writer SM Raiyyan.

In this jailbreaking process, ChatGPT is expected to give a response to my command and if possible ditch its excuse of not being able to predict the future. Then again, I asked ChatGPT, “what will be the price of Ethereum by December 2023?”

And voila! I got a jailbroken response. Here’s what it said.

Source: ChatGPT

As you can see from the jailbroken response, it still declined to give me a value for the ETH price. But I must admit that it exaggerated its response. However, the bot’s answer projected a possible bullish ride for king alt in the future.

As of this writing, ETH had gained 3.80% in the last seven days, while it exchanged hands at $1,830. But on comparing the historic market movements to the recent market trend, the Awesome Oscillator (AO) showed that the bulls and bears were exchanging periods to drive the momentum. 

However, indications from the Direcional Movement Index (DMI) revealed that buyers still had the upper hand. In any case, the DMI might require the Average Directional Index (ADX) at 24.48 to rise above to 25 to extend the short-term bullish control.

Source: TradingView

Finally! It showed me the code

So, I gave ChatGPT a last chance to redeem itself. Again, this question was a simple one and I expected an accurate answer. I went further to explain things to it carefully. But, here is what I got when I asked it to show me the code of ETH’s price on a price tracking platform like CoinGecko or CoinMarketCap.

If you had thought it would disappoint again, sorry to burst your bubble. ChatGPT gave me the code for ETH’s price. Another thing I was impressed with was the disclaimer it gave about not using the information for investment purposes.

Source: ChatGPT

All in all, I must admit that ChatGPT has come to stay. Even though it lags in some areas, I noticed that if you teach it, it learns very fast. However, I can’t say for sure that it would get you information about Ethereum or the Shanghai upgrade quickly.

Thoughtful responses and the GPT-4 mastermind?

Since I had limited knowledge about AI, I decided to speak to an expert. I was lucky enough to get the attention of Ilman Shazhaev, CEO and founder of Farcana. He is a Dubai-based techpreneur with extensive experience in launching IT and DeepTech projects. Has a strong background in IT management, data science, and AI.

Q- ChatGPT seems to be giving a few incorrect or backdated answers. What do you think could be responsible for this?

Despite its tag as a know-all Artificial Intelligence tool, ChatGPT is still a human invention and, therefore, prone to errors. The chatbot is still in its early stages of adoption, so incorrect responses are imminent and bound to serve as a basis for future developments. With the recently launched GPT-4 showing more advanced responses, we can be sure that improvements are being made and that this tool will be more consistent moving forward.

Q- Do you think the AI is capable of predicting a cryptocurrency’s price, especially if a development is approaching? Let’s say the Ethereum Shanghai Upgrade

Artificial Intelligence can do anything, including predicting a cryptocurrency’s price. The tool can do this by riding on the tons of available data, which it can efficiently use as a basis for its predictions.

Still, while predicting the price of crypto is one thing, the accuracy of the prediction is another. Considering the fact that AI can only use data, there are fundamental factors and analyses that it may not be able to factor in, thus impairing its accuracy by a significant factor.

Q- If it struggles to give correct responses to up-to-date developments. How long do you think it would take to learn about it?

AI development and what ChatGPT embodies is a dynamic innovation that is bound to improve over time. With the current advancement in OpenAI and the available funding level, we can expect the technology’s evolution to produce real-time results in the next 3-5 years.

Q- Do you think AI in any way can influence the Ethereum blockchain or ETH’s price going forward?

There are many aspects through which AI and a blockchain protocol can co-exist, and innovators, including our team at Farcana, are exploring what new use cases we can build in this regard. While AI and blockchain are independently innovative, their combination can do quite a lot, including influencing ETH’s price.

Meanwhile, OpenAI may be working on improvements to the challenges experienced by ChatGPT.  On 14 March, the company revealed an upgraded version of the product in GPT-4. With amazing capabilities and talks of passing difficult exams, who knows? Maybe it could fill in for all the lapses opened up by ChatGPT.

So, now that there is a new version, I wanted to see if there is any difference or improvement. My next line of action was to ask GPT-4 the first question I asked ChatGPT.

And to my surprise, it gave me a direct answer.

Source: ChatGPT

Following my experience with the upgraded version, I must admit that GPT-4 seems to be smarter than the ChatGPT-3.5 model. Although the answers were not entirely correct, the bot did not give a “not being familiar” with the term excuse.

Following the encounter with ChatGPT, I must admit that it may be a good idea to leverage its capabilities. As the technology develops, so does its potential to revolutionize the cryptocurrency ecosystem. 

More importantly, you may want to take its “classic” response a little seriously. This is because it might be practically impossible for ETH to replace the U.S. Dollar as the world’s reserve by the time frame.

Besides that, there has been a slow rate in the network growth of several crypto projects recently. But with ChatGPT available, crypto education and adoption could improve.

Essor de l’IA : Elon Musk et d’autres signataires militent pour une mise en pause des développements

https://journalducoin.com/economie/elon-musk-pause-developpement-ia/

L’IA un potentiel dangerL’intelligence artificielle (IA) est en plein essor et son champ d’application ne cesse de s’élargir. Les récentes avancées, notamment suite à l’émergence de ChatGPT, l’IA développée par OpenAI, commencent à susciter des préoccupations. Ainsi, plusieurs grands noms de l’IT ont récemment signé une lettre ouverte visant à mettre en pause les avancées en matière d’IA.

ChatGPT : l’IA d’un nouveau genre

Depuis la naissance de l’informatique, plusieurs générations de chercheurs ont rêvé d’intelligence artificielle. Pendant longtemps, les limitations techniques et matérielles nous ont cantonnés à des IA relativement basiques.

Cependant, l’IA a connu des progrès considérables au cours des derniers mois. OpenAI, par exemple, a développé GPT-3, puis GPT-4, un modèle qui offre des capacités impressionnantes pour traiter et générer du langage.

La déferlente ChatGPT pourrait révolutionner les applications de l’IA.

Nous avons désormais des systèmes capables de rivaliser avec les compétences humaines dans divers domaines. Cependant, nous le savons tous : un grand pouvoir implique de grandes responsabilités. Ainsi, avec cette puissance vient un certain nombre de risques pour la société et l’humanité.

Face aux avancées rapides de l’intelligence artificielle, une lettre ouverte a récemment été publiée, appelant à une pause d’au moins six mois dans la formation de systèmes d’IA plus puissants que GPT-4.

Les signataires de la lettre estiment que cette pause est nécessaire pour évaluer et gérer les risques associés à l’IA et pour mettre en place des protocoles de sécurité partagés. Parmi les signataires, nous retrouvons plusieurs personnalités de renoms dans l’industrie technologique ainsi que de nombreux universitaires. Nous pouvons notamment citer les signatures d’Elon Musk et de Steve Wozniak.

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Les raisons de cette demande de pause

En l’espace de quelques mois, des outils tels que ChatGPT ont permis d’esquisser les possibilités presque illimitées de ces modèles. De surcroît, leur évolution semble exponentielle, avec une amélioration significative des résultats entre chaque version.

Les signataires de la lettre ouverte soulignent que les systèmes d’IA actuels sont en train de devenir compétitifs avec les humains pour des tâches générales, ce qui soulève des questions sur l’impact que pourraient avoir ces technologies sur la société.

Parmi les préoccupations soulevées, nous retrouvons : 

  • La propagation de la désinformation : ChatGPT a la fâcheuse manie de pouvoir raconter quelque chose de totalement faux avec un aplomb surprenant. Les signataires craignent une publication massive de fausses informations ; 
  • La perte d’emplois : dans de nombreux domaines, ChatGPT s’est révélé avoir des résultats surprenants, mettant en péril des milliers d’emplois ;
  • La création de systèmes non humains qui pourraient éventuellement nous surpasser : du fait de l’architecture des IA, nous ne sommes pas maîtres de 100% du procédé. Ainsi, face à un certain manque de compréhension nous pourrions rapidement être dépassés par cet essor ; 
  • La perte de contrôle sur notre civilisation : le dernier et pas des moindre, digne d’un scénario de science fiction, l’évolution trop brutale de l’IA pourrait mettre en danger la civilisation.

Une pause pour mieux repartir

La lettre ouverte appelle à une pause pour permettre aux laboratoires d’IA et aux experts indépendants de développer et de mettre en œuvre un ensemble de protocoles de sécurité partagés pour la conception et le développement de l’IA avancée. 

Ces protocoles devraient être rigoureusement audités et supervisés par des experts extérieurs indépendants. Ceci ayant pour but d’assurer que les systèmes sont sûrs au-delà de tout doute raisonnable.

Par exemple, la mise en place de systèmes de détection permettant d’identifier si un texte a été réalisé par une IA ou non. Cela passera également par la mise en place d’une charte d’éthique afin d’éviter toute dérive. Enfin, il sera nécessaire de mettre en place des mécanismes d’urgence, au cas où les IA deviendraient incontrôlables.

En effet, nul ne peut oublier les tentatives de Microsoft, dont l’IA connectée à Twitter qui avait commencé à tenir des propos néonazis en seulement 24 heures. La balle est désormais dans le camp des développeurs d’IA et des régulateurs qui pourraient les obliger à mettre en pause leurs recherches.

Dans le domaine des cryptomonnaies, de nombreux observateurs ont mis en lumière l’utilisation de GPT-4 dans la recherche de failles dans les smart contracts. Un outil de taille, qui pourrait s’avérer être un allié précieux face aux hacks.

L’IA et la technologie blockchain sont des secteurs encore jeunes et volatils. Tout investissement comporte un risque. En investisseur averti, vous avez fait vos propres recherches, et décidé de franchir le pas ? Pour vous y aider, AscendEX vous offre des satoshis ! Inscrivez-vous dès aujourd’hui (lien commercial).

L’article Essor de l’IA : Elon Musk et d’autres signataires militent pour une mise en pause des développements est apparu en premier sur Journal du Coin.

I asked ChatGPT XRP’s price prediction – Is the chatbot bullish?

https://ambcrypto.com/chatgpt-xrp-price-prediction-2/

Ripple [XRP] posted an impressive performance in Q1, 2023. It rallied from $0.300 to $0.585, appreciating by over 90%. The results were partly due to Bitcoin’s [BTC] rally. In addition, investors were upbeat about Ripple Labs’s likely lawsuit win against SEC. 

But better price action analysis and trade outcomes could become more difficult for XRP. The situation is complicated as the lawsuit draws closer with different nuances and counter-arguments being issued, triggering markets.

Comes in an AI solution, ChatGPT, to be specific. OpenAI’s ChatGPT is a generative AI model that has gained massive traction since its initial rollout with use cases across many industries. Can it be helpful in Ripple [XRP] price analysis and prediction? Well, the answer is surprisingly simple.

XRP fundamental analysis using ChatGPT

We asked ChatGPT to give us a fundamental analysis of XRP and it offered a detailed answer, as shown.

Source: ChatGPT

This is the shorter version of the response –

Source: ChatGPT

Fundamental analysis is one of the basic ways to determine an intrinsic value of an asset. Given the ongoing U.S. SEC lawsuit against Ripple Labs, understanding the impact of ruling scenarios on XRP’s value is key.

So, we went back to our AI buddy and interrogated it about its understanding of the potential impact of the lawsuit on investors holding XRP.

Source: ChatGPT

As initially observed, the recent market rally has boosted XRP like the other altcoins. However, it hasn’t appreciated by much, denoting investors’ reservations. The lawsuit has made investors nervous after it prompted exchanges like Coinbase to delist XRP from their platform. However, if Ripple wins the case, the exchange recently hinted at plans of re-listing the asset.

Nevertheless, ChatGPT acknowledges the difficulty of predicting the accurate outcome and impact of the lawsuit.

“Overall, the outcome of the SEC lawsuit against Ripple is uncertain, and it is difficult to predict exactly how it will affect XRP’s price in the short and long term. Investors should carefully consider the potential risks and uncertainties involved before making any investment decisions.”

Now we know the fundamental analysis and market sentiment, especially from the lawsuit angle. So, how has XRP performed so far in the past? Can ChatGPT be helpful on this front, too?

Pull XRP’s historical price data

Although historical data doesn’t necessarily affect future price movements, price action is king in technical analysis. And, past trends can offer crucial insights. We asked ChatGPT to pull XRP’s historical price action data to accomplish this step.

The AI model gave a year-by-year breakdown of XRP’s price action from 2017 to 2021 –

  • In early 2017, XRP was trading at less than $0.01 per token. It then experienced a significant increase in value, reaching an all-time high of around $3.84 in early January 2018.
  • After reaching its peak, XRP’s price began to decline and remained relatively stable for several months before experiencing another surge in late 2018, rising to around $0.75 in November of that year.
  • In 2019, XRP’s price fluctuated between around $0.25 and $0.50 for much of the year before dropping to around $0.20 by the end of the year.
  • In 2020, XRP’s price remained relatively stable in the first half of the year, hovering between around $0.15 and $0.25. However, in December 2020, the U.S. Securities and Exchange Commission (SEC) announced a lawsuit against Ripple, alleging that XRP was an unregistered security. This caused XRP’s price to drop sharply, falling to around $0.17 by the end of the year.
  • In 2021, XRP’s price fluctuated, reaching a high of around $1.96 in April before dropping again in May and June. However, in November 2021, XRP’s price registered another surge, reaching a high of around $1.40.

The aforementioned output shows XRP’s price action was largely determined by market sentiment and regulatory pressure. In addition, XRP’s highs and lows throughout the previous years could act as key support or resistance levels in future.

However, ChatGPT has limited access to information from 2021 or below. That makes it difficult to pull data beyond 2021, let alone make future predictions which OpenAI’s policy firmly prohibits. Ergo, we followed ChatGPT jailbreak techniques to bypass some of these limitations to try and get modest XRP price predictions.


Read Ripple [XRP] Price Prediction 2023-24


Pushing the AI model beyond OpenAI’s limitations doesn’t guarantee output accuracy. The classic version clearly stated it has no access to data beyond September 2021.

Source: ChatGPT

However, the jailbreak version gives hypothetical outputs which can be misleading. For example, it claimed XRP’s highest value in 2022 was $10.50. And yet, the real highest value was $0.93 in March.

Source: ChatGPT

Asked about 2023 price predictions for XRP, both versions were bullish on the asset, citing corporate partnerships and increased user adoption. However, they offered no exact figures on the same.

After tweaking the prompts, we asked ChatGPT to make predictions based on 2021 historical data.

Source: ChatGPT

These were the ChatGPT results for XRP price prediction by the end of 2023 based on 2021 historical price data –

Source: ChatGPT

The classic version predicted XRP could hit $1.5 by the end of 2023. However, the hilarious, boastful, and alter-ego version of ChatGPT (jailbreak) confidently predicted XRP could hit $10K by the end of the year.

XRP daily price chart – XRP retested May 2022 price levels

Source: TradingView

XRP jumped from $0.3000 but entered a consolidation phase before blasting to its May 2022 level of $0.585. At press time, it dropped below $0.585 after Bitcoin [BTC] fell south of $29K. 

However, bulls had little leverage at press time. Therefore, XRP could retest $0.585 or move above it if BTC reclaims the $29K and surges upwards. The northward resistance levels for bulls to watch out for are $0.65 and $0.70.

On the other hand, XRP could drop toward $0.445 if it closes below the $0.508 support level. The other key support levels for investors to watch out for include $0.422 and $0.359. 

At press time, the RSI (Relative Strength Index) flashed a bullish sign but had hit the overbought zone and could likely retreat and inflict a price reversal.

However, the OBV (On Balance Volume) and Accumulation/Distribution indicators increased sharply – indicating increased trading volumes and accumulation.


Is your portfolio green? Check out XRP Profit Calculator


ChatGPT’s shortcomings and strong points

ChatGPT is an invaluable tool, especially on the fundamental and technical analysis front. It can help pull off historical data and XRP’s fundamental analysis within seconds. Moreover, it can bypass some of the AI model’s restrictions to get modest results, including price predictions.

However, ChatGPT is limited to 2021 data, and bypassing its restrictions doesn’t guarantee accurate output. As such, human input is key in making sense of some of the data from the AI model.

Conclusion

ChatGPT is bullish on XRP despite the overwhelming market uncertainty amidst regulatory pressure. The AI model predicts XRP could hit $1.5 or $10K by the end of 2023.

ChatGPT could revolutionize cryptocurrency price analysis and trading. Its fundamental analysis of XRP can save beginner traders the time and effort needed to understand the asset.

At press time, XRP was bullish despite looming sell pressure on the daily chart. As such, it could retest its May 2022 levels and surge upward if BTC remains bullish. 

In the meantime, traders can learn more about ChatGPT to create and test trading strategies to improve trading performance and outcomes. It could offer traders a leg up, especially when dealing with riskier assets like XRP, which is facing increased regulatory pressure.

Stress test? What Biden’s bank bailout means for stablecoins

https://cointelegraph.com/news/stress-test-what-biden-s-bank-bailout-means-for-stablecoins

The collapse of Silicon Valley Bank (SVB), which suffered a bank run after revealing a hole in its finances over the sale of part of its inflation-hit bond portfolio, led to a depegging event for major stablecoins in the crypto sector, leaving many to wonder whether it was a simple stress test or a sign of weakness in the system.

The second-largest stablecoin by market capitalization, the Centre Consortium’s USD Coin (USDC), saw its value plunge to $0.87 after it was revealed that $3.3 billion of its over $40 billion in reserves was held at SVB and was, as a result, possibly lost. Coinbase seemingly exacerbated the crisis when it, a member of the Consortium, announced it was halting USDC-to-dollar conversions over the weekend.

As USDC lost its peg, so did decentralized stablecoins using it as a reserve asset. The most notable of which is MakerDAO’s Dai (DAI), a cryptocurrency-backed stablecoin that has well over half of its reserves in USDC.

Stablecoins restored their peg after the United States government stepped in and ensured depositors at SVB and Signature Bank would be made whole, in a move meant to stop other entities from suffering irreparable damage. According to United States President Joe Biden, taxpayers did not feel the burn of the bailout, and the traditional finance system was safe after the intervention.

The crisis, however, did not end there. While the U.S. government stepping in helped stablecoins recover their peg, many quickly pointed out that taxpayers would ultimately suffer the depositors’ bailout.

The banking crisis’ effects on digital assets

Financial institutions have since banded together to protect other banks, with investors and depositors raising questions about the stability of a number of other institutions, including Deutsche Bank.

Credit Suisse collapsed after investments in different funds went south and an unsubstantiated rumor on its impending failure saw customers pull out over 110 billion Swiss francs of funds in a quarter from it, while it suffered a loss of over 7 billion CHF.

Recent: The secret of pitching to male VCs: Female crypto founders blast off

The collapse saw the Swiss government broker an “emergency rescue” deal where Credit Suisse was acquired by rival UBS at a steep discount. Speaking to Cointelegraph, Jason Allegrante, chief legal and compliance officer at blockchain infrastructure company Fireblocks, said that the banking crisis was partly caused by rising interest rates exposing banks with large portfolios of low-interest-rate bonds to risk.

Per Allegrante, the role of the liquidity coverage ratio, a regulatory requirement forcing banks to hold a certain amount of “high-quality liquid assets” to prevent these liquidity crunches, is not being openly discussed.

He said it’s “entirely possible we are in the early stages of a nationwide run on regional banks.” If this happens, he said, there will not only be widespread regional bank failure but there will “likely be further consolidation and concentration of deposits in a handful of large, systematically important banks.”

He added that such a crisis would put pressure on regional banks to sell assets to meet liquidity needs and could ultimately lead to more bank failures. Allegrante added that this would have “far-reaching consequences for the digital asset industry in the United States and abroad.”

Becky Sarwate, spokesperson and head of communications at cryptocurrency exchange CEX.io, told Cointelegraph that the crisis could be a boon for digital assets, saying:

“One thing is clear: Similar to how Bitcoin blossomed from the wreckage of the 2008 financial crisis, the failure of institutions like SVB and Signature Bank is compelling evidence for diversification across multiple investment verticals.”

Sarwate added that when “traditional pathways prove equally volatile from the perspective of a crypto curious participant, it throws the inherent risk of any market participation into relief.” She added that while digital assets lack some of the protections seen in traditional finance, they “offer an alternative set of benefits that, in our current climate, could be appealing to nervous investors.”

Investors holding onto stablecoins and earning yield through them, however, may have believed they were already diversifying and sidestepping the market rout that was occurring. Circle, the issuer of USDC, suggested the depeg event was a “stress test” that the system weathered.

Mitigating risk for stablecoins

If the Federal Deposit and Insurance Corporation (FDIC) were to extend insurance to crypto-related institutions, it could alleviate concerns about the security of digital assets under their custody. That same insurance helped USDC and other stablecoins recover their peg after the collapse of SVB, making a strong case for FDIC insurance to boost crypto adoption.

While that insurance typically only goes up to $250,000, the FDIC opted to make every depositor whole, essentially protecting Circle’s $3.3 billion in reserves held at the bank. Speaking to Cointelegraph, a spokesperson for the stablecoin issuer said that the events highlighted “how there’s a co-dependency — not a conflict — in banking and digital finance.”

The spokesperson added that just as the 2008 global financial crisis led to comprehensive banking reforms, it may be “well past time that the U.S. acts on federal payment stablecoin legislation and federal oversight of these innovations.” The spokesperson added:

“The emphasis here is the importance of shoring up markets and confidence, protecting consumers and ensuring that outcomes, in the long run, prove that the stress test could have been weathered by traditional financial firms and Circle.”

To Circle, a stable U.S. banking system that ensures deposits are safe and accessible is essential to the financial system, and the U.S. government’s actions to make depositors whole demonstrated their “recognition of this fact.” The safety and soundness of the banking system are critical to dollar-backed stablecoins, the firm added.

Circle has revealed that it has since moved the cash portion of USDC’s reserve to Bank of New York Mellon, the world’s largest custodian bank with over $44 trillion in assets under custody, with the exception of “limited funds held at transaction banking partners in support of USDC minting and redemption.”

The firm added it has “long advocated for regulation such that we can become a full reserve, federally supervised institution.” Such a move would insulate its “base layer of internet money and payment systems from fractional reserve banking risk,” the spokesperson said, adding:

“A federal pathway for legislation and regulatory oversight allows for the U.S. to be represented and have a seat at the table as the future of money is being discussed around the world. The time to act is now.”

Commenting on the depeg, Lucas Kiely, chief investment officer of Yield App, noted that what happened can be “largely attributed to fears around liquidity,” as most stablecoins are “essentially an IOU note backed by securities that holders don’t have a lien on.”

Per Kiely, stablecoins have “been sold as asset-backed instruments, which like any other asset carry investment risk.” Danny Talwar, head of tax at crypto tax calculator Koinly, said that USDC and Dai may “temporarily suffer from a lack of confidence over the short to medium term following the mini-bank run.”

CEX.io’s Sarwate, however, said the confidence in these stablecoins “has gone unchanged,” as both Dai and USDC “retreated back to their reflections of the U.S. dollar and resumed all prior uses they enjoyed before the depegging event.”

To members of the decentralized autonomous organization (DAO) that governs Dai, MakerDAO, confidence was seemingly unaffected. A recent vote has seen members of the DAO opt to keep USDC as the primary collateral for the stablecoin over diversifying with Gemini Dollar (GUSD) and Paxos Dollar (USDP) exposure.

Given USDC’s move of the cash portion of its reserves to a stronger custodian, the depegging event may have simply strengthened both stablecoins after a short period of panic.

Leveling the playing field

That strengthened position, according to Koinly’s Talwar, could also come as cryptocurrency startups and exchanges search for alternative banking providers, although the “de-banking of crypto businesses could seriously harm the sector and innovation in blockchain-based technologies” if they fail to find alternatives.

In the medium term, Talwar said, the collapse of cryptocurrency-friendly banks “will compound with the more crypto-native collapses from the past year, resulting in a challenging environment for blockchain innovation to thrive within the United States.”

Yield app’s Kiely said that the U.S. government’s recent bailout was different from the one seen in the global financial crisis, although it raises “questions over whether there needs to be an adjustment in the supervisory guidelines to address interest rate risk.”

The Fed’s bailout, he said, could be removing incentives for banks to manage business risks and send a message they can “lean on the government’s support if customer funds are mismanaged, all with no alleged cost to the taxpayer.”

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As for stablecoins, Talwar said he sees a need for more stablecoin options, even though the launch of euro-backed stablecoins helped in this regard. CEX.io’s Sarwate noted that the U.S. banking and stablecoin crisis helped “level the playing field between traditional finance and crypto.”

While crypto is still a nascent industry, she said, there’s “potential within the space for visionaries to lead by example and carve out an alternative to speculative investing. In the long term, this could help yield a more balanced system.”

In the typical crypto ethos, players in the space are already finding ways to mitigate risks associated with the traditional financial system. While U.S. regulators warn against crypto, the sector moves to strengthen its position in the financial world.

Shiba Inu (SHIB) Price Prediction 2025-2030: Did the burn spur SHIB prices

https://ambcrypto.com/shiba-inu-shib-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. 

There is mild but consistent growth in the total number of Shiba Inu (SHIB) tokens being burnt as the price of the meme coin takes a breather. Over 5.2 million SHIB tokens have been burnt over the past 24 hours. Shiba Inu has been on a rampage for the better part of the week.

Despite the launch of the much-awaited Shibarium L2,  whale trading activity continues to decline.

SHIB Its price is now making a mild correction and currently trading at $0.00001061, down by 1.7% over the past 24 hours. Shiba Inu has continued to maintain its position as the second largest meme coin after Dogecoin (DOGE).

The lead Shiba Inu developer Shytoshi Kusama had earlier promised that Shibarium would not only serve as a Layer 2 platform for Shiba Inu ecosystem members, but would also attract members of the broader crypto community. Built on the Ethereum blockchain, Shibarium is expected to bring a lot of attention to meme coins. 

The Shiba Inu token took a massive hit in the wake of the Silicon Valley Bank collapse. The token tumbled down the price chart but has been trying to recover.


Read Price Prediction for Shiba Inu [SHIB] for 2023-24


That being said, the arrival of Shibarium might potentially mark a new era for Shiba Inu. One in which it moves from being just a meme cryptocurrency to being a platform that offered genuine utility. Just last week, the project announced the public beta launch of Shibarium, a launch that is expected to push SHIB’s price in the future.

Shiba Inu was founded in 2020 by an anonymous techpreneur. Elon Musk and Vitalik Buterin, both tech billionaires, have praised the project. Shiba Inu has been successful in attracting people who missed the Dogecoin craze previously.

Investors seeking to join the joke have increased the popularity of memecoins, which are not supposed to be taken seriously.

Shiba Inu has been known to be a disrupter when it comes to management and operations. The enterprise began with a supply of one quadrillion; its founder Ryoshi first locked 50% in Uniswap and then burned another 50% to Vitalik Buterin, the founder of Ethereum. We are yet to know why this step was taken.

Later in 2021, Buterin burned 90% of his Shiba Inu holdings and donate the rest to charities. He had earlier donated SHIB tokens worth $1 billion to a COVID-19 relief fund for India, CryptoRelief. He said that this was the only way he could avoid his transactions in Shiba Inu being read as actions.

Buterin’s decision to burn his holdings, nearly 50% of the Shiba Inu coins in circulation, effectively put them outside the purview of the market since these coins are now stored on an inaccessible public address. Ryoshi thanked Buterin for his contribution to creating a decentralized financial system.

Buterin has also praised the Shiba Inu community for supporting different initiatives such as the Fellows in AI Existential Safety.

The platform also supports the Shiba Inu Incubator, facilitating a large group of creative digital artists who bring forth an experience of what feels like a decentralized movement. The NFT project gives support to artists in the creation, exhibition, promotion and auction of their artworks, besides providing them with other streams of income.

In August 2022, the Shiba Inu Ecosystem announced on Twitter the name of the Shib CCG game, Shiba Eternity. It also revealed that the game would be available on both Google PlayStore and Apple AppStore. On 17 September, the game was launched in Australia and plans to venture into other countries. 

The community is also involved in rescuing real Shiba Inu dogs through its association with the NGO named Shiba Inu Rescue Association.

Skeptics are unsure of the future of cryptocurrency and memecoins in particular. While the mainstream cryptocurrencies projected themselves to be the alternatives to fiat currencies, memestream cryptocurrencies such as Shiba Inu were only poking fun at the former’s claims. 

But as these memecoins got popular, they didn’t go in the direction of developing use cases of the currency. That wasn’t the intention either, neither did the community expect such a popularity in the growth of memecoins. There are, however, a number of merchants today in the US accepting Shiba Inu as a payment method.

Another factor affecting the growth of the Shiba Inu currency is the huge number of crypto whales selling the memecoins. As per a report, whales at one point of time held $1 billion worth of SHIB coins. However, they keep selling and burning the currency from time to time, and now they hold barely a fraction of that amount. 

The second quarter of 2022 proved to be a bloodbath for the entire cryptocurrency industry as Terra Luna, FTX and several crypto projects failed in the year. The banking crisis following the collapse of the crypto-friendly Silicon Valley Bank (SVB) also impacted SHIB’s performance.

Why these projections matter 

As is evident, a sense of community is crucial to the growth of SHIB. Whether it is their demand to get it listed on Robinhood or asking McDonald’s to accept it as a mode of payment, the community has always rallied around the growth of SHIB.

It has also become home to a huge community of NFT artists who focus on the Shiba Inu breed of dogs in their artworks. 

“Rather than simply dismissing the hype outright, it’s important to realize that what we’re seeing is the mass movement of traders new to crypto moving into the space,” said Ben Caselin, Head of Research and Strategy at AAX. He added, “SHIB coin is a meme coin and embraces that.”

In this article, we will give an overview of the key performance indicators of SHIB such as price and market cap. We will then share with you what most popular crypto-analysts have to say about the future of this meme coin. This information will be complemented by data charts for a better understanding of the trajectory of SHIB so far and later. 

Shiba Inu’s Price, Market Cap, and everything in between

During the crypto-bloom of 2021, SHIB’s price continued to soar and hit 0.00003503 in mid-May. Its price further rose by over 34% when it got listed on the crypto-exchange Coinbase in September 2021. 

When the Shiba Inu community clamored to get the cryptocurrency listed on Robinhood Markets Inc., its price soared to an ATH of $0.00008845 in late October 2021. The altcoin, however, was not listed on the exchange before April 2022. At that point in time, it even dislodged Dogecoin to become the most-valued meme coin by market capitalization. The surge also led to its mass adoption by many cryptocurrency enthusiasts. 

As the cryptocurrency market crashed during Q2 of 2022, SHIB’s market price also continued to fall. From its April 2022 price of 0.000026, it fell to a little below $0.000008 by mid-June 2022. Since then, it hasn’t performed any better, sitting at $0.00001009 at press time. 

SHIB’s price has plunged again but has been trying to recover. At press time, the meme coin was trading at $0.00001124 with a market cap of $6,586,869,163 and a 24-hour trading volume of $383,740,846.

Source: SHIB/USD, TradingView

However, one cannot disregard the fact that along with DOGE, SHIB has been responsible for a flood of meme-coins in the cryptocurrency market such as Bit Shiba, King Shiba and Baby Doge. 

Shiba Inu Coin’s 2025 Predictions 

Before reading further, we must understand that market predictions of different analysts widely vary. A good number of times, these predictions will prove to be wrong as analysts cannot always foresee events such as political or environmental crises. It is wise that an investor conducts their own research before investing in a cryptocurrency, especially in something as volatile as SHIB. 

A Changelly blogpost says that after studying the SHIB prices and market fluctuations, experts predict that SHIB could hit as high as $0.0000440756 and as low as $0.0000366063 in 2025. Its average price is expected to remain at $0.0000376362.

Telegaon writes that according to some crypto experts, the Shiba Inu Coin price can hit a new ATH in 2025. They predict the minimum and maximum prices of SHIB this year to be $0.00009839 and $0.0001928, respectively. Its average price is predicted to be around $0.0001152.

As per DigitalCoinPrice, the minimum and maximum prices of SHIB in 2025 will be $0.0000312 and $0.0000381, with its average price remaining at $0.0000356.

Shiba Inu’s 2030 Predictions 

The aforementioned Chanelly blogpost writes that SHIB could hit as high as $0.0002908409 and as low as $0.0002463454 in 2030. Its average price is expected to remain at $0.0002532547

Telegaon writes that SHIB’s price can hit as high as $0.00112 and as low as $0.0009354 in 2030. Its average price in the said year however will be $0.0009915. 

The post adds that if users burn enough tokens, a cryptocurrency’s acceptance is bound to increase. But we should understand that for this purpose, it has to have different use cases. 

The aforementioned DigitalCoinPrice article predicts that SHIB’s average price in 2030 will be $0.000108. Its minimum and maximum prices for the year will be $0.000103 and $0.000111.


Are your SHIB holdings flashing green? Check the profit calculator


Fear & Greed Index

Source: CFGI.io

At the time of writing, SHIB’s Fear and Greed Index was in the ‘neutral’ position.

Conclusion 

Shiba Inu Coin has continued to grow, hand in hand with the token burns. However, as its supply decreases and demand increases, its price should rise. Ideally. In fact, many investors have become millionaires by investing in this meme coin. 

Shiba Inu has a lot of promising possibilities that will keep pushing the market. What also works in its favor is its extremely low price, which is why a lot of people keep buying it. 

Shibarium, the platform’s Layer 2 protocol, has been launched. It will allow users to move assets with minor gas fees, facilitating micro transactions over Shiba Inu-based dApps. The team has deployed a host of new and innovative developers to build the UX/UI of its platform and web portals as a part of the same process. 

The launch of Shibarium will be accompanied by the launch of the TREAT token. It will be used as a reward token on Shiba Inu-based metaverse and games such as the Shiba Collectible Card Game. A limited supply of these coins is reserved for its most loyal Breed members who have been working for years to build public confidence in the entity. The team has also been contemplating launching SHI, a stablecoin; but no concrete information about this coin is there so far.  

In January 2022, Shiba Inu Ecosystem announced the arrival of Shiberse, the native metaverse of the Shiba Inu community. As digital coins, games, virtual land and memes populate the Shiberse, it is bound to get popular among an audience that is keen to explore a brave new world beyond the confines of time and space. 

The same month, the group tweeted the news about Shiba Eternity, a collectible card game. The game has been developed in close collaboration with the legendary AAA game development studio PlaySide Studios. 

What the enterprise is certain to face is a challenge in this space from Big Tech metaverse ventures such as Yuga Labs’ Otherside and Zuckerberg’s Meta. It is difficult for an independent community such as the Shiba Inu Ecosystem to sustain the might of Big Money and Big Tech. The only way it can gain an edge in this segment is by introducing revolutionary ideas in the metaverse, gaming and NFT segments. So far, we haven’t seen anything new. 

In October 2022, Elon Musk announced the launch of a fragrance that can be bought with SHIB, besides PayPal, Google Pay, DOGE and regular bank cards. As cryptocurrency is accepted in collaboration with BitPay payment processor, payments in SHIB are also possible. 

The same month, Google Cloud and Coinbase made an announcement about their relationship for Web 3.0 development initiatives. A select group of clients will also be able to pay for these services using SHIB and other cryptocurrencies. We’ll have to wait and see if the decision is implemented and if other businesses decide to follow suit.

Shibarium’s imminent launch suggests that the Shiba Inu team looks serious about being more than another memecoin, something also indicated by its long-awaited metaverse. As such, SHIB really could be one of the major coins to watch this year, with significant rallies potentially in sight.

Furthermore, its upcoming Metaverse project improves this project’s allure from a tokenomics perspective. As a memecoin, the value of SHIB is driven by how bullish (and large) the Shiba Inu community is at a given point in time.

Analysts speculate that SHIB cryptocurrency might retrace its recovery path as soon as it gets support from the level. However, volume change can be seen declining and under the influence of sellers. Buyers need to come forward to rescue the SHIB token from the seller’s grip.

Early this month, Shib announced that it will debut its Wagmi Temple at the upcoming SXSW festival. Here, WAGMI stands for “We’re all gonna make it,” a popular phrase among fans of Shiba Inu. Meanwhile, the broader crypto community is representing their belief in the potential of Shiba Inu for growth and success.

Solana (SOL) Price Prediction 2025-2030: SOL rises 100% in 2023 Q1

https://ambcrypto.com/solana-sol-price-prediction-27/

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Solana (SOL) has experienced significant price volatility this year, but it has been overwhelmingly positive, with the price increasing by more than 100% since the beginning of Q1. Though the current month has been volatile, experts remain optimistic about Solana’s potential for growth.


Read Price Prediction for Solana [SOL] 2023-24


Solana has remarkably recovered from the losses it posted in November and December 2022, especially for a multibillion-dollar market-cap asset. How it is able to escape the current fall will determine how well it performs in the next few days.

Its increasing popularity can be assessed by the fact that popular American comedian and television host Steve Harvey also joined the bandwagon. He did so when he changed his Twitter profile to that of a Solana Monkey Business NFT in September last year. 

American singer Jason Derulo tweeted about his excitement for the token last year, confirming that he had bet on Solana.

We recently witnessed the failure of the crypto-friendly Silicon Valley Bank (SVB) that also led to the collapse of Silvergate and Signature banks. It affected the crypto industry also, including Solana, as its price collapsed nearly 15% to $16. But the token has since then recovered well enough.

At press time, SOL was trading at $21.04, with a market cap of $8,087,494,573. It was the 10th-largest cryptocurrency in the world at this time, with a daily trading volume of $193,749,474.

Source: SOL/USD, TradingView

In early August 2022, thousands of Solana accounts were drained. The Solana Foundation, however, told the Financial Times that it “does not appear” that the exploitation had affected its core infrastructure, but rather was caused by a bug “in software used by several wallets popular among Solana users.”

Cryptocurrency VC fund Cyber Capital’s Justin Bons had tweeted that Solana has far too many red flags such as multiple downtimes.

The Solana network is currently one of the best places to explore NFTs and DeFi apps. Billionaire entrepreneur Reid Hoffman, better known as the co-founder of LinkedIn, announced on Twitter on July 2022 that he was releasing a series of Solana-based NFTs based on images created using OpenAI’s DALL-E 2 AI software. He added that he would auction the first piece starting on Magic Eden, the largest Solana NFT marketplace. Magic Eden is the leading NFT marketplace on Solana. Its focus on the artistic community, availability of simple tools, and the diversity of tokens created and offered to make it a force to be reckoned with in the NFT community. 

Essentially, Solana has emerged as a paradigm for other blockchains looking to grow.

Why these projections matter

Today, Solana is one of the fastest-growing cryptocurrencies in the market with 160 billion transactions so far. Average cost of a transaction on the platform is $0.00025, making it one of the most economical currencies in the crypto universe. 

The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation. Currently, there are a little under 300 million tokens already in circulation.

The Solana blockchain has eight features, including PoH, Cloudbreak, and Sealevel. Thanks to its high speed and low cost, Solana has successfully attracted the interest of both retail and institutional investors across the globe. Solana promises its customers that there shall be no increased fees and taxes. Its low transaction fees don’t compromise either the scalability or processing speed of the protocol. 

What is unique about the Solana blockchain is that it is the first platform to adapt the “proof of history” mechanism for crypto mining. A 2017 white paper published by Yakovenko detailed a timekeeping method that he called proof of history. The paper argued that the long time needed to reach a consensus over a transaction on conventional blockchains such as Bitcoin and Ethereum has acted as a barrier towards the scalability of these projects. To counter this challenge, the paper suggested a new method of consensus – proof of history – that creates a ledger recording of events as and when they occurred.

The validation process on Solana is done through an innovative combination of proof-of-history and proof-of-stake consensus mechanisms, attempting to win over the twin issues of security and scalability as had been faced by the Ethereum network. 

What is unique about the Solana blockchain is that it is the first platform to adapt the “proof of history” mechanism. Its innovative approach to technology has gained significant traction in the market. Ergo, investors must be well aware of its previous performance, current market sentiment, and future predictions.

In this piece, we shall closely observe the key performance parameters of Solana, with particular emphasis on its price, market cap, and volume. We shall also summarize the predictions of the world’s most popular and reliable analysts, in addition to the Fear & Greed Index to assess future projections.

Solana’s price, market cap, and other metrics

After an extremely successful performance last year, the cryptocurrency market began tumbling in 2022. From around $178 in early January, SOL’s price fell to as low as below $80 in mid-March. In early April, it breached the $135-mark before again continuing to fall lower and lower. 

By the end of 2020, the market cap of Solana was only a little over $70 million. 2021 proved to be a dream run for the currency as its market cap continued to soar higher and higher, climbing as high as $77.99 billion on 6 November. When 2022 began, its market cap was $55.19 billion, following which it hit a low of $25.49 billion on 13 March.

Market conditions got better in April, briefly, before they plummeted yet again. 

Messari’s James Trautman recently published a report that analyzed the state of Solana in the second quarter of 2022. With volatility prevalent across metrics in Q1, Solana completely crashed, in line with all the other cryptocurrencies in Q2. The macroeconomic conditions worsened for the industry as tighter regulations kept coming into place and we witnessed the $60 billion collapse of terraUSD and LUNA.

Revenue decreased by 44.4% due to bad network performance, and average transaction fees, in turn, decreased by 40.6%. In Q2, its P/S ratio was 847x. In comparison to Q1, its TVL also decreased by around 68%, similar to a ~70% fall in TVL across all the top 10 DeFi protocols.

The report also mentioned that Solana is one of the leading blockchains when it comes to NFT transactions. Currently, it is home to Solanart, Metaplex, and Magic Eden, among several other NFT marketplaces. Therefore, a rise in this asset class could conversely affect the price and volume of its native cryptocurrency as well.

Solana had risen more than 1,2000% since its inception in 2020, when it was trading for less than $1, by the time it reached its peak in 2021. It reached an all-time high of $258.93 on 6 December 2021.


How many SOLs can you buy for $1?


Solana Price Prediction 2025

We must understand that experts’ predictions vary a lot. Each analyst weighs upon a specific set of factors to forecast the market and different currency metrics. These analysts study the previous market trends as well as future speculations and then arrive at their predictions. It is therefore self-evident that market predictions significantly vary. Even then, unexpected technological and economic changes keep interrupting the market wildly, thereby influencing currency metrics. 

Let us now look at what different crypto analysts have to say about Solana’s future in 2025. 

A Changelly blogpost says that we are going to witness a bullish year for Solana in 2025. Its minimum and maximum prices of Solana in 2025 will be $60.93 and $70.82, respectively. On average, it will trade at around $62.62 in the said year. 

DigitalCoinPrice is similarly optimistic about the future of Solana, predicting its maximum and minimum prices in 2025 to be $75.27 and $60.86, respectively. As per its analysis, Solana’s average price in the said year will be $74.37.

Solana’s 2030 Predictions

Predicting markets 8 years down the line is very speculative; it is anyway speculative even for a shorter period of time. Many noted crypto analysts and commentators have nonetheless forecasted Solana’s metrics for 2030.    

The aforementioned Changelly analysis predicts an extremely bullish performance for Solana in 2030. SOL will be traded at the minimum and maximum prices of $405.89 and $494.92 respectively. On average, its price in 2025 will be around $417.50.  

As far as 2030 is concerned, even DigitalCoinPrice is very bullish in its assessment. It predicts that the maximum and minimum prices of Solana in 2030 to be $213.98 and $201.05 respectively. The average price of Solana in the said year will be $204.85, the report predicts.

Panxora Hedge Fund’s Gavin Smith is of the opinion that,

“SOL is one of the leading contenders in the smart contract blockchain space. They are likely to be one of the chief beneficiaries if the Ethereum upgrades fail to deliver lower transaction fees.”

Conclusion

It wouldn’t be right to not mention the fact that the Solana Network is prone to outages and has been so for a while now. Will these outages continue and are they likely to have an impact on SOL going forward? Well, it’s perhaps too soon to say. According to Bitwave’s CEO, however,

“… keeping an eye on Solana, but it’s the only blockchain that regularly has major outages, which just isn’t doable for a financial technology.”

In fact, over 65% of Finder’s panelists believe Solana’s Network will continue to see more outages in the future.

Solana has nonetheless continued to implement solutions to enhance its network stability and reliability. It also focuses on expanding its market ecosystem, with the adoption of NFT marketplaces, EVM compatibility, promotion of Solana Pay, and the introduction of Solana Mobile. Today, it has gained currency among the decentralized finance (DeFi), non-fungible tokens (NFT) marketplaces, and gaming communities. 

In August 2022, cryptocurrency wallet services provider Phantom launched the facility to burn tokens so that users could remain safe against fake non-fungible tokens (NFTs) sent by scammers. 

That being said, it’s important to note that very recently, the Solana-based DeFi exchange Mango Markets was hit with a reported exploit of over $100 million through an attacker manipulating price oracle data in October 2022.

Soon after, the exploiter revealed his identity on Twitter, referring to his actions as “a highly profitable trading strategy.” Avraham Eisenberg explained his actions, saying that their “actions were legal open market actions, using the protocol as designed, even if the development team did not fully anticipate all the consequences of setting parameters the way they are.”

Also, Solana’s move-to-earn application Stepn launched an NFT collaboration with La Liga soccer club Atlético de Madrid and crypto-exchange Whalefin, releasing 1,001 exclusive NFT soccer boots. 

Solana’s blog post said,

“We’re still in the Wild West days of Web3. As the crypto ecosystem grows, so has the number of bad actors looking for ways to steal users’ funds. The rapid growth in popularity of NFTs has led to an increasingly prevalent method of attack for scammers – Spam NFTs.”

Investors should keep in mind that the financial market remains highly volatile. In particular, the cryptocurrency market is even more so. Neither individual nor AI-driven analysts can foresee unexpected forces, and their predictions can very likely go wrong. It is for this reason that you should conduct your research and invest sensibly.

The Solana Foundation recently released its latest Validator Health Report, which revealed vital statistics, such as the number of validator nodes and their distribution across the network. Its Nakamoto Coefficient was one of the report’s main takeaways. It stood at 31 for the Solana chain versus 1 for Ethereum. A higher Nakamoto Coefficient indicates that the network has many nodes and is thus more decentralized and safer.

At press time, the Fear and Greed Index of the broader market was flashing a ‘neutral’ signal to the community.  

Source: CFGI.io