Key TakeawaysRecently, Binance played a crucial role in assisting Thai law enforcement in two operations that led to the dismantling of criminal networks responsible for major crypto scams. These enforcement actions resulted in the arrests of principal members and substantial asset seizures.Binance's Investigations team actively supports global law enforcement in the fight against cybercrime by supplying key intelligence and expertise. This collaboration is a key element of Binance's ongoing effort to enhance user security and uphold regulatory compliance in the digital-asset ecosystem.Binance, the world's leading blockchain ecosystem and digital asset infrastructure provider, is proud to have contributed to the crackdown on criminal networks in Thailand that relied on digital assets to move funds. Most recently, Binance’s Investigations team played a role in two Thai investigation operations and aided the Royal Thai Police in the successful arrest of the criminals behind major crypto scams.Operation Trust No OneRecently, the Binance Investigations team has collaborated extensively with Thai law enforcement, responding to their requests related to cybercrime investigations, prosecutions, and asset seizures. In a notable case, the Cyber Crime Investigation Bureau (CCIB) of the Royal Thai Police teamed up with Binance and U.S. Homeland Security Investigation (HSI) to dismantle a criminal ring behind a significant pig butchering scam that had impacted thousands of people in Thailand. Armed with intelligence from Binance and HSI, the CCIB arrested five principal members of this group and confiscated assets valued at around THB 10 billion ($277M), which included luxury cars, homes, land, and other upscale items. Since these events, over 3,200 victims have come forward seeking compensation.Hybrid investment-romance fraud, commonly known as "pig butchering" scams, primarily preys on novice investors. The perpetrators utilize an array of tactics to cultivate trust, enticing victims to deposit assets into fraudulent investment platforms. Once victims are lured in, the scammers display fictitious profits on the platform interface to motivate further investments. They might also deceive victims into paying additional sums, claiming there are "taxes" required for funds withdrawal, only to abscond with all the invested money.CCIB press conference and award ceremony on September 18, 2023On September 18, 2023, the CCIB held a press conference and award ceremony. During this event, Akbar A., Binance's Head of Investigations for APAC, delved into the details of the operation and expressed gratitude to the partners involved for their unwavering support.At the ceremony, Police Lieutenant Colonel Thanatus Kangruambutr, Inspector of the Cyber Support Unit in the High-Tech Crime Division at Thailand's Cyber Crime Investigation Bureau, remarked: “We appreciate Binance’s significant contribution to the disruption of this criminal group. The rise of crypto scams in recent years has resulted in financial damage of hundreds of millions in Thailand. Yet, through prompt information exchange with key partners, including the Binance Investigations team, this successful operation resulted in the arrests of the criminals. Binance remains an essential ally in our combat against scams and cybercrimes. We value this partnership and look forward to continuing it.”From left to right: Pol. Capt. Chiramet Budnampeth, Pol. Capt. Khaothip Budnampeth, Pol. Lt. Col. Watcharin Uamfung, Pol. Col. Suwat Kerdkaew, Akbar A., Pol. Lt. Col.Natthapong Trongteing, Pol. Lt. Col. Thanatus Kangruambutr, Pol. Capt. Verawat Majeen, Pol. Lt. Paverakorn Thanananthakul, Pol. Capt. Phoowin Charernseteechai, Pol. Capt. Rachanon JaidedDismantling Transnational Criminal NetworksBinance played a pivotal role in unraveling another large-scale crypto scam orchestrated by an expansive network of transnational criminal entities. This probe culminated in the apprehension of suspects spread across 30 sites in Bangkok, Samut Prakan, and Udon Thani provinces, employing over 200 officers from the CIB. Beyond supplying the police with crucial intelligence that facilitated these arrests, Binance also dispatched an investigator to Thailand to aid in securing the arrest warrant. This operation empowered the Royal Thai Police to confiscate illicit assets, including 16 luxury residences, 12 top-tier vehicles, and THB 16M ($440,000) in cash.The CIB awarded a commemorative plaque to the Binance investigators in recognition of their invaluable support. Police Lieutenant Colonel Panuphat Kittiphan, Deputy Superintendent of Sub-Division 1 at the Technology Crime Suppression Division, remarked: “We are pleased with the assistance provided by Binance. Their investigations team promptly supplied the necessary information, enabling us to develop the case profile and secure an arrest warrant, and sent an investigator to Thailand to participate in witness interviews.” Akbar A. receiving a plaque as a token of appreciation from the Royal Thai Police’s Central Investigation Bureau (CIB)Setting the Standards of User SecurityCooperative law enforcement initiatives are a key part of Binance’s ongoing efforts to combat cybercrime, bolster the security of the Web3 ecosystem, and ensure global regulatory compliance.Tigran Gambaryan, Binance’s Head of Financial Crime Compliance, said: “We draw immense pride from the collaborative actions of the Binance Investigations team and the Royal Thai Police. Our sustained effort brought tangible results, reiterating how genuine security is not hemmed in by geographical limitations. Our team-up with Thai law enforcement champions our mutual commitment to the protection of users and the advancement of cybersecurity. We will persist in partnering with authorities across the globe, ensuring we do our part to restore trust in the digital-asset ecosystem.”In recent years, Binance has been making massive investments in building its compliance talent, processes, and technology. The company has an industry-leading global compliance and investigations team that includes professionals with backgrounds as regulators, senior investigators from distinguished blockchain analysis firms, and law enforcement agents who have led some of the largest cybercrime investigations. Over the last three years, Binance has fulfilled and assisted in over 103,000 law enforcement requests with an average of three days response time, which is faster than most traditional financial institutions.Further ReadingBinance’s Head of Law Enforcement Training Receives the Certificate of Appreciation from Korean National Police AgencyBinance Aids Tajikistan’s Efforts to Combat the Financing of Terrorism Against an Islamic State AffiliateDigital Sleuths: The Collective Fight Against Crypto Crime – on Binance’s Policy PodcastBinance Collaborates With Taiwan's New Taipei District Prosecutors Office To Enhance Crime Fighters’ Investigative Skills

According to Cointelegraph, a team of scientists from the University of North Carolina, Chapel Hill, recently published pre-print artificial intelligence (AI) research that highlights the difficulty of removing sensitive data from large language models (LLMs) like OpenAI’s ChatGPT and Google’s Bard. The researchers found that while it is possible to delete information from LLMs, verifying that the information has been removed is just as challenging as the removal process itself. This difficulty arises from the way LLMs are engineered and trained. They are pre-trained on databases and then fine-tuned to generate coherent outputs. Once a model is trained, its creators cannot go back into the database and delete specific files to prevent the model from outputting related results. This is the 'black box' of AI. Problems occur when LLMs trained on massive datasets output sensitive information, such as personally identifiable information or financial records. To address this issue, AI developers use guardrails, such as hard-coded prompts that inhibit specific behaviors or reinforcement learning from human feedback (RLHF). However, the UNC researchers argue that this method relies on humans finding all the flaws a model might exhibit and, even when successful, it still doesn’t 'delete' the information from the model. The researchers concluded that even state-of-the-art model editing methods, such as Rank-One Model Editing (ROME), fail to fully delete factual information from LLMs, as facts can still be extracted 38% of the time by whitebox attacks and 29% of the time by blackbox attacks. The researchers were able to develop new defense methods to protect LLMs from some 'extraction attacks' — purposeful attempts by bad actors to use prompting to circumvent a model’s guardrails in order to make it output sensitive information. However, they noted that the problem of deleting sensitive information may be one where defense methods are always playing catch-up to new attack methods.

Alex Chehade, the Executive Director and General Manager of Binance FZE in Dubai, has expressed his vision for the future of cryptocurrency and blockchain technology in the Middle East, in an insightful interview about Blockchain & Crypto Innovation. With his 20 years of experience in finance, including 12 years in operations and trading, Chehade, who has focused on digital assets since 2016, is fervent about the potential societal impact of blockchain technology. Chehade highlighted the rapid expansion and adoption of the cryptocurrency ecosystem, particularly in Dubai, where Binance FZE has been established to provide localized services. He noted that the location was strategic and is fostered through collaborations with local governments and financial institutions to envelop the Middle Eastern market more readily. The company executive further spotlighted the hallmarks of Binance, especially its commitment to regulatory compliance through active engagements with regional regulators and authorities. This dedication involves strict adherence to local Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, which underpin the platform’s operations in the Middle East. Binance has also distinguished itself through a commitment to transparency, routinely updating users on platform developments and security measures. It places a significant emphasis on user education, hand-in-hand with maintaining high-security standards. As pioneers in the cryptocurrency sphere, Binance is actively involved in developing regulations and policies in cooperation with different governments. It is also continuously introducing cutting-edge financial products and services to the industry to bolster crypto adoption and increase understanding. Tailoring its services to the Middle Eastern market, Binance offers customized trading support and fiat-crypto solutions. Chehade emphasized the company’s dedication to promote cryptocurrency and blockchain adoption, meeting the region's unique needs and requirements. As part of its expansion and user adoption drive, Binance has also formed strategic partnerships in the Middle East. Chehade pointed out that Binance has collaborated with the UAE Banks Federation (UBF) to deliver training programs, and are continually involved in joint awareness campaigns and cyber intelligence exchange initiatives. Throughout his role at Binance, Chehade remains committed to Binance's mission while relentlessly seeking opportunities for strategic partnerships, growth, and collaboration. As a visionary, he continues to bridge the physical and digital worlds, propelling Binance onto further heights within the Middle East.  

Variety is the flavour of life, as they say, and this is also true in the realm of cryptocurrency trading. #cryptocurrency trading can be done in a variety of ways, just as there are many different types of traders and investment objectives. Bitcoin Trading Bots: What Are They? Let's start with a quick review. Crypto trading bots: what are they? Simply explained, #crypto trading bots are computer programmes made to automatically execute trades on your behalf based on predetermined criteria. These bots collect and analyse market information, such as market prices, volatility levels, and potential dangers, before executing trades thus greatly simplifying the trading process. As the cryptocurrency market is open 24/7/365 and is known for its volatility, it is physically difficult for a trader to keep track on coin prices at all times. You should reassess your trading technique if you're still manually trading cryptocurrency (yeah, we're talking to you) (and fast). Since they are quicker, more effective, and more profitable, automated trading systems have been used on Wall Street for decades. That does not imply, however, that using cryptocurrency trading bots is a simple way to become wealthy. They still call for a human touch, along with knowledge, skill, and some trial and error. The art of trading is that. However, any trader should begin with cryptocurrency trading bots. It's like trading while wearing a blindfold without them. Just make a wild guess. What Advantages Do Crypto Trading Bots Offer? It is considerably more sane (read: profitable) to take a planned approach to trading cryptocurrency with the insights of the most recent research in artificial intelligence and machine learning than to adopt an ad hoc approach by doing it manually. quicker and more effective There isn't a way to avoid it. Simply put, a crypto trading bot outperforms human traders in speed and efficiency. Stop there. A cryptocurrency trading machine might have made hundreds, if not thousands, of trades in the time it takes you or me to read this text. No-feeling Trading It might be simple to get caught up in the frenzy when markets are booming. On the other hand, when markets are stagnant, fear has a propensity to rule. In general, feelings are positive. It's what, well, makes us human. But when it comes to cryptocurrency trading, emotions are frequently a liability. According to research, bad trading psychology causes 80% of traders to lose money. 24-Hour Business The financial market equivalent of New York City is cryptocurrency. That is the never-ending market. The crypto market is open 24/7, unlike conventional financial markets. Also, cryptocurrency bots can monitor the market day and night, something that individual traders cannot. No more passing up transactions or chances. several types of cryptocurrency trading bots Let's examine a variety of various crypto trading bots now that we are familiar with what they are, how they differ from manual trading, and the many benefits they offer. Robotic arbitrage Arbitrage is the practise of making a profit by purchasing from one platform and selling on another. While placing a deal, arbitrage's primary goal is to profit from pricing imbalances across many platforms. While arbitrage can result in profits, these profits are frequently modest and call for numerous trades to increase tiny gains into larger ones. With arbitrage crypto trading bots, traders should be knowledgeable about the many types of arbitrage (such as triangle arbitrage, latency arbitrage, and spatial arbitrage), as well as how the type of crypto exchange might affect how profitable you are. Bots that lend coins Lending coins to margin traders with the expectation that they will repay the loan plus an additional percentage is one approach to make money from cryptocurrency trading. Although manually setting the settings for payments and brand-new loan requests can be quite time-consuming, certain cryptocurrency exchange platforms give consumers this choice. You may automate the process with a coin lending bot, cutting down on (or even eliminating) the effort required to manually calculate interest rates and taking advantage of potential possibilities. In addition, because they are on the exchange platform, lenders view margin loans as low-risk returns on investments (ROI). In other words, coin lending is secure for lenders because a borrower cannot transfer cash to another wallet. By specifying the currency, the interest rates, and the loan due date, you may create a coin lending bot to comply with your lending strategy. Leverage bots or margin trading Margin trading is the practise of taking out a loan from an exchange to make a trade that is worth more than the trader's account's equity. It entails using borrowed money to carry out a transaction. While trading on margin, traders have the option to acquire a coin if they anticipate a rise in price and sell it if there is a decline in value. Leverage bots can use these borrowed money to conduct trades with more capital than you have. The hitch is that leverage can work both ways. Undoubtedly, a successful forecast will yield a significant profit, but if it is not used wisely, it may also yield a sizable loss. Market-making software We must first comprehend what is meant by "market creating." This refers to purchasing and disposing of an item in order to profit from the spread, or discrepancy between the ask and bid prices. Market making bots are employed to offer liquidity, which builds trust among participants in the cryptocurrency ecosystem. Bots for technical trading The most popular bots on the market right now are those for technical trading. These trading bots forecast future price movements of a coin using established technical indicators and signals, which are then used to generate profits. You may mimic the trades of successful traders with the help of most technical trading bots, and reliable and trustworthy ones can be found on the finest marketplaces. The Best Bitcoin Trading Bots to Build How do you go about discovering the best crypto trading bots now that you are aware of what they are, why they are employed, and the various types that are available? After all, picking the best trading bot is nearly as challenging as picking the best cryptocurrencies to invest in. The sage suggestion to conduct your own study is still valid. Due to the increase in the quantity and complexity of cryptocurrency-related malware and scams, this has assumed increased importance. What you shouldn't do is invest your money and believe in anonymous bots that dubious trading sites are selling. The platforms that let you "test before you buy" are often the best ones for crypto trading bots. To put it another way, once you've found a platform you like, ask if they provide a free trial period so you may "test drive" the platform's crypto trading bots and decide whether they're right for you. At Trality, we provide traders with straightforward, user-friendly tools built on the most recent cutting-edge research in AI and machine learning. We have automated tools to help you trade with greater speeds, efficiency, and profitability whether you're a total newbie or a coding expert. Some of the most crucial characteristics of successful crypto trading bots include trust, reliability, usefulness, and flexibility. As we've seen, cryptocurrency trading bots offer a variety of significant advantages, from methodical, emotionless trading to more complex techniques like margin trading. Not whether to employ automated trading, but rather which automated trading method is best for you, is the real question. No matter which cryptocurrency trading bots you select, never forget the two cardinal rules of trading: always conduct your own research and never take on more risk than you can afford to lose. #CryptoTradingBots #DeFiChallenge  

At least 88,200 people have $1 million or more in cryptocurrencies, a new wealth report said.That's out of 425 million total crypto users around the world, according to Henley & Partners.A fortunate few — 182 users — have cryptocurrencies worth more than $100 million, the report said. A new wealth report by London-based Henley & Partners states that there are at least 88,200 individuals globally, labeled as crypto-millionaires, which represent around 0.02% of the estimated 425 million people worldwide who own or trade cryptocurrencies. Crypto-millionaires are characterized as individuals who hold $1 million or more in cryptocurrency assets, as highlighted in the firm’s Crypto Wealth Report 2023. Approximately half of such individuals—around 40,500—possess #Bitcoin , as mentioned in the report. In summary, there are at least 182 cryptocurrency users who have cryptocurrency holdings valued at $100 million or more, and 22 individuals who each have a cryptocurrency portfolio worth at least $1 billion, as per the details provided by Henley & Partners. The firm collaborated with South African wealth intelligence company New World Wealth for data collection. Many amateur investors also grew their money in #cryptocurrencies because access to digital assets has improved through new apps and exchanges, Volek added. The crypto exchange #Binance , for example, said in August that it has over 150 million users, despite facing regulatory restrictions around the world. "Five years ago, if I wanted to invest in cryptocurrency, it was too scary. You need wallets and vaults and different exchanges, and which one do I use?" Volek said. "Nowadays, things have gotten a lot more controlled, and it's a lot safer to invest." Still, Volek said his firm — which offers migration services to the wealthy — has seen some crypto-millionaire clients lose much of their wealth amid a volatile digital market. He recalled several young men who attained $20 million or so from trading crypto, but could no longer continue with Henley & Partners' programs after the March 2022 Bitcoin crash. A substantial number of novice investors have also seen an increase in their wealth through cryptocurrencies, due to enhanced accessibility to digital assets provided by new apps and exchanges, added Volek. For instance, Binance, a cryptocurrency exchange, reported having over 150 million users in August, notwithstanding the regulatory constraints it encounters globally. Volek reflected, "Five years ago, investing in cryptocurrency was too intimidating, requiring wallets, vaults, and navigating through various exchanges." He added, "Currently, the processes are more regulated, making investments safer." However, Volek also highlighted that his firm, which specializes in migration services for the affluent, has witnessed some clients, who are crypto-millionaires, experience significant losses in the turbulent digital currency market. "It would impact them to such an extent that they would either pause or retract their applications, as suddenly they either lacked the necessary liquidity or were not comfortable committing to one of these programs," he explained. #crypto2023 #SpaceCatch Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The release of OpenAI's artificial intelligence (AI) platform #ChatGPT has sparked renewed interest in the field, and AI-powered tools have already proven their value in predicting the state of the market and future events, such as the value of Bitcoin (BTC) following its halving in 2024. After the renewed interest in AI that OpenAI's debut of its AI platform ChatGPT has sparked, such tools have proven their capacity to shed light on current market conditions, such as the price of #bitcoin (BTC) following its halving in 2024. As the reward for mining Bitcoin and other proof-of-work (PoW) cryptocurrencies using crypto mining machines will be halved, Finbold has requested ChatGPT to predict a range of prices for Bitcoin after the halving event. Consequences of a Cut in Half Because "the cryptocurrency market is very volatile and impacted by several unforeseen causes," ChatGPT claims there are three highly speculative and very broad scenarios for the price of the DeFi asset following the halving in 2024. The AI tool predicts that by 2024's end, Bitcoin's price may be anywhere from $50,000 to $500,000 or higher in the optimistic situation "where Bitcoin enjoys considerable popular adoption, positive legislative changes, and increasing institutional investment." Nevertheless, the gloomy scenario from ChatGPT predicts that "regulatory barriers, security difficulties, or a general decline in the cryptocurrency sector" will cause Bitcoin's price to drop to between $10,000 and $50,000 by the end of 2024. In contrast, OpenAI's moderate scenario predicts that the first crypto asset will be worth between $30,000 and $150,000 by the end of 2024, assuming that adoption and the general climate in the crypto and macro sectors allow for such a turn of events. Bitcoin's price as of this writing was $27,003, up 1.84% in the last 24 hours and 1.55% in the previous seven days, reversing a 1.2% drop from its monthly trend as of data collected on September 29. As ChatGPT said, the aforementioned trading ranges are quite large because of the volatility of this market; as a result, each investor should do their own due diligence and assess their own level of comfort with risk before making any significant financial commitments.

CryptocurrencyLatest News Top 3 Cryptos to Buy Today for Gains Market Trends September 28, 2023  3 mins read Investors are always on the lookout for the best cryptocurrency to invest in. On the list of many crypto enthusiasts are InQubeta ($QUBE), Bitcoin ( $BTC ), and Ethereum ( $ETH ). Each of these brings a distinct value proposition that makes it worth considering.  InQubeta ($QUBE) is gaining attention as one of the best crypto to invest in now because of its innovative fusion of artificial intelligence (AI) and blockchain technology, resulting in a platform that serves as a unique avenue for investment in AI startups. Bitcoin ( $BTC ), the original cryptocurrency, continues to prove its worth as a store of value with remarkable growth. Ethereum ( $ETH ), renowned for its smart contracts and NFTs, presents enticing long-term potential.  Let’s take a closer look at these three cryptocurrencies. 1.   InQubeta ($QUBE) InQubeta ($QUBE) is swiftly gaining recognition within the cryptocurrency space as a compelling crypto to buy due to its pioneering approach, making use of fractional NFTs to create a unique investment vehicle. Investors can purchase $QUBE tokens and then buy these NFTs, which represent stakes in AI startups. The platform offers investors an innovative way to engage with and support emerging AI ventures based on their financial capabilities.  One distinctive aspect of InQubeta’s strategy is its tokenomics structure. The project will implement a 2% tax on transactions, directing the proceeds to a burn wallet. This design has the potential to bolster $QUBE’s long-term value, making it an attractive choice for those seeking which crypto to buy today for long-term gains. An additional 5% sell tax also contributes to a reward pool, which may interest investors who can explore token staking for potential rewards #BinanceTournament #cryptonews #Binance

"SEC Chairman Gary Gensler Announces New Approach to Regulating Cryptocurrencies and Artificial Intelligence" At a hearing before the U.S. House Financial Services Committee scheduled for September 27, Securities and Exchange Commission (SEC) Chairman Gary Gensler will present an innovative regulatory approach. This change focuses on adapting SEC rules to the technological demands of the 2020s. Gensler highlights the SEC's expanded oversight of securities and exchanges in the United States, embracing artificial intelligence (AI) and predictive analytics of data as key tools. One of the most prominent topics at the hearing will be the regulation of cryptocurrencies. The SEC has previously been criticized for its “regulation by enforcement” approach, which some argue has held back innovation and adoption in the country. Gensler is committed to providing protection to investors and issuers in the “crypto asset securities markets.” Referring to the Securities Act of 1933, he emphasizes that most cryptocurrency tokens likely meet the “investment contract” test. Gensler emphasizes that the SEC's view that most cryptocurrencies are subject to securities laws means that intermediaries such as exchanges and brokers must comply with these laws. He notes that the sector as a whole has been guilty of “broad non-compliance with securities laws,” leading to enforcement action. The SEC has been working on rulemaking, such as the April 2023 reopening statement, which reaffirms the applicability of existing rules to cryptocurrency platforms. In addition to cryptocurrency, Gensler highlights the impact of AI and predictive data analytics on the economy. It recognizes its potential to increase efficiency and financial inclusion, but also points out the risks of exploitation. Gensler points to a July 2023 SEC proposal that would require companies to analyze and address conflicts of interest related to the use of predictive data analytics when interacting with investors. Gary Gensler's anticipated speech to the Financial Services Committee promises a significant evolution in cryptocurrency and AI regulation. While seeking to protect investors and promote economic efficiency, this new direction also poses challenges in terms of adaptation and compliance. The September 27 hearing will be crucial in determining how regulation will play out in these vital and ever-changing sectors. Disclaimer: The information presented does not constitute financial, investment, trading or other advice and is solely the opinion of the writer. Images are for illustrative purposes only and should not be used for making important decisions. By using this site, you agree that we are not responsible or liable for any loss, damage or injury arising from the use or interpretation of the information or images.

Artificial Intelligence (AI) tools such as ChatGPT, developed by OpenAI, can be valuable allies to investors who are looking to gather and collate complex pieces of information quickly, that can help in due diligence and decision-making.In this context, Finbold asked ChatGPT-4 on September 27 to “recommend three cryptocurrencies investors can buy and hold forever.” From which the most efficient software version of OpenAI’s products pointed to Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA).Notably, GPT-4’s top three digital assets for the “buy and hold” strategy are among the seven largest by market capitalization, according to CoinMarketCap’s rank. Which could have been taken into consideration by the data-based machine for choosing these assetsChatGPT justifies its picks on BTC, ETH, and ADA“It’s important to note that the cryptocurrency market is highly volatile and speculative. While some investors may adopt a long-term “buy and hold” strategy for cryptocurrencies, there are no guarantees of success, and it’s crucial to conduct your own research and consider your risk tolerance.”— ChatGPT-4 disclaimerChatGPT picks Bitcoin for “buy and hold” strategyThe AI’s first pick is also the leading cryptocurrency: Bitcoin (BTC), the “most well-established and widely recognized cryptocurrency.”According to ChatGPT, Bitcoin’s “fixed supply” and a strong network of miners and nodes provide both “security and stability” for BTC as a long-term store of value and hedge against inflation.However, Bitcoin’s supply is not fixed but capped by a programmed emission that is expected to last for approximately the next 137 years, until the maximum limit of 21 million BTC has been distributed to miners. ChatGPT picks Ethereum for “buy and hold” strategyThe second-largest cryptocurrency is also the AI’s second pick: Ethereum (ETH), as it “serves as the foundation for decentralized applications (DApps) and smart contracts.”According to ChatGPT, Ethereum’s role as “a hub for various projects and innovations in the crypto space” makes it a good investment choice for long-term holding.However, it also mentions the network move to Proof of Stake (PoS) as a good opportunity for investors, as some event that is yet to take place. Therefore, it evidences how GPT’s recommendations must be taken with caution, considering that the network update already happened one year ago, in September 2022.ChatGPT picks Cardano for “buy and hold” strategyInterestingly, the AI skipped Tether USD (USDT), BNB Chain (BNB), XRP Ledger (XRP), and Circle USD (USDC), as the following largest cryptocurrencies by market cap. Going straight to the seventh-largest, Cardano (ADA).Cardano “is known for its focus on scalability, sustainability, and interoperability”, according to ChatGPT-4. And “has a strong academic and research-driven approach (…) to offer a more secure and scalable platform for smart contracts and DApps”, in the generated text’s words.Although the AI believes ADA to be a good long-term pick due to the project being supported by a “robust development team and community”, it is also important to note that Cardano’s DApp and DeFi ecosystem is still in its early — most experimental — phases.ConclusionDespite current information, investors should not make their decisions based solely on a single source of automated generated texts. Even with proper research, the crypto market can be highly unpredictable and the landscape can change rapidly.It’s essential to stay informed about developments, conduct due diligence, and consider investment goals and risk tolerance.Follow #CryptoTalks for more interesting content 💸not financial advice

Are you interested in today's events in the cryptocurrency sector? We bring you the latest information on price trends, blockchain, DeFi, #NFT , Web3, and regulatory measures. Tether Invests in Northern Data Miner with an AI Hint Tether, backed by the largest stablecoin USDT with a market capitalization of 83 billion dollars, has made an undisclosed investment in the German #cryptocurrency mining company, Northern Data Group. This partnership has ties to artificial intelligence. Although Tether denied the report of a 420 million dollar investment, it did not specify the actual amount. This investment will not affect the reserves or customer funds of Tether.  Northern Data Group announced the use of the funds for acquiring AI hardware. Specifically, the company Damoon, which Northern Data recently acquired, plans to purchase 10,000 NVIDIA H100 Tensor Core graphics processors for approximately 400 million EUR. ChatGPT Creates Token for Ethereum Developers from #Ethereum utilized ChatGPT to create their own ERC-20 token, named AstroPepeX, inspired by popular tokens on the Uniswap exchange. User CroissantETH detailed the process of integrating ChatGPT through OpenAI's API and creating the token with an estimated market capitalization of 3.5 million dollars. Etherscan data reveals that AstroPepeX now has over 2,300 holders, and since its inception on September 20, more than 17,700 transactions have taken place. ChatGPT was also employed to deploy smart contracts on Ethereum after analyzing 10,000 of the most traded tokens on Uniswap. After creating AstroPepeX, ChatGPT sent 65 billion APX tokens and 2 ETH to the decentralized exchange, Uniswap. Appeals Court Denies Release Request of Former FTX CEO  Sam Bankman-Fried, the former CEO of the cryptocurrency exchange FTX, faced disappointment as the United States Appeals Court for the Second Circuit rejected his request for early release from prison. A panel of three judges concluded that the arguments presented by his team in favor of the release were not sufficiently convincing: On September 21st, judges John M. Walker Jr., Denny Chin, and William Nardini determined that the reasons put forth by Bankman-Fried and his legal team were insufficient. The records indicate that Judge Lewis Kaplan, overseeing the case, correctly identified Bankman-Fried's actions as witness tampering.  A detailed analysis of the court decision revealed that the district court thoroughly evaluated all essential aspects, particularly Bankman-Fried's behavior, leading to the continuous tightening of his release conditions. While the court considered less restrictive measures, such as limiting his communication with the media, they concluded that such a solution would not be effective in the long term.  A primary point of contention was Bankman-Fried's previous act of providing a New York Times reporter with the private diaries of Caroline Ellison, former CEO of Alameda Research. This act was interpreted as an attempt to intimidate witnesses. Additionally, Bankman-Fried's lawyers pointed out his limited access to the internet, which could have hindered his ability to adequately prepare for the upcoming legal proceedings.  During the hearing on September 19th, both sides presented their arguments. The situation was pivotal for Sam, especially after Judge Kaplan, in August, revoked his $250 million bail, leading to his transfer to a prison in Brooklyn.  Given that the appellate court's decision comes just before the planned trial on October 3rd, it's likely that Bankman-Fried will remain incarcerated until his criminal trial. Though another court proceeding is anticipated in March 2024, Bankman-Fried denies all charges and maintains his innocence. #crypto2023 #SpaceCatch  Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

BTC Price Predicted to Increase to US$100,000, Here's the Reason MONEY IDEAS - In the ever-changing world of crypto, enthusiasts and investors are always looking for insight into the future of the price of Bitcoin (BTC). Crypto Rover, a well-known influencer in the crypto community, recently created a stir with a bold prediction that the price of BTC could soar to US$100,000. His prediction is based on the increasing hype around spot Bitcoin ETFs and the entry of traditional financial giants into the crypto space. BTC price predicted to reach US$100,000 According to a Coin Edition report, Crypto Rover shared its optimistic view on Bitcoin's price path. His optimism hinges on the potential advantages that spot Bitcoin ETFs offer, including tax benefits and the ability to use leverage, making them an attractive prospect for institutional investors such as pension funds and family offices. The involvement of traditional financial players in the crypto market through spot Bitcoin ETFs has the potential to inject large capital and increase market liquidity. Crypto Rover suggests that this development could spike the price of BTC to US$40,000 in the next few weeks and possibly exceed US$100,000 in the long term. Crypto Rover's optimism was reinforced by a report from Bloomberg, which estimated the total market size for spot Bitcoin ETFs could reach an impressive US$150 billion. Drawing parallels with the gold ETF market, Bloomberg Intelligence proposes that if financial advisors in the US allocated just 0.5 percent of the US$30 trillion in assets they manage to Bitcoin ETFs, it would create a market worth US$150 billion. At the time of writing, Bitcoin was trading at US$27,101, with a market capitalization of US$528 billion and daily trading volume of US$13.2 billion, according to CoinMarketCap data. While the US$100,000 prediction by Crypto Rover may seem ambitious, it reflects the growing optimism and excitement within the crypto community regarding the future of Bitcoin prices. $BTC #ideuang #@ideuang #youtubeideuang #yttun

Controversial BitMEX founder and crypto veteran Arthur Hayes thinks Bitcoin (BTC) can rise in price regardless of whether the U.S. Federal Reserve decides to continue raising rates or not. Hayes says in a recent newsletter that it will become more clear over time that sitting in bonds is foolish and “capital at the margin” will shift to hard financial assets. “Certain assets such as Bitcoin, big tech/AI (artificial intelligence) stocks, productive farmland, etc. will continue rising and confound the majority of financial analyst muppets. It won’t make sense to them that Bitcoin is holding firm because they look at manipulated markets controlled by Fed asset purchases, such as yields on TIPS (US Treasury Inflation-Protected Securities) – which are (seemingly) positive and rising.” Hayes says riskier assets like BTC are still attractive options for investors because the US government has “continued its spending bonanza,” driving down the yield on government bonds. “It gives me comfort because, while I still believe the base case scenario is that the Fed is forced to cut rates close to zero and restart the [quantitative easing] money printer, even if I’m wrong, I’m confident that crypto can rise quite substantially regardless.” Hayes has had a controversial career. Last year, the former BitMEX CEO and fellow executive Benjamin Delo both pled guilty to violating the Bank Secrecy Act by willfully failing to establish anti-money laundering protocols at their exchange. A judge later sentenced Hayes to six months of home detention and two years of probation, and the former CEO also agreed to pay a fine of $10 million. *Disclaimer: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. Tip or nah you're still our family!!😘 #BTC #bitcoin #crypto2023 $BTC