This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Argentina will use AI to forecast and prevent ‘future crimes’
A prominent software engineer is skeptical of the concept, despite Argentina’s government’s statement that it will assist in the prevention of offenses before they occur. Argentina is preparing to establish a specialized task force that will employ artificial intelligence to facilitate the identification and prevention of future criminal activities within the country…[continue reading]
2) U.S. recession concerns have resulted in the price of ether drop
The price of ether has fallen by 5% in the past 24 hours, falling below $3,000, as the broader crypto market also experiences a decline. The unimpressive US employment report has been the catalyst for an increase in selling pressure in the industry, which has resulted in ETH experiencing a recent string of losses…[continue reading]
3) The FBI has issued a significant warning to the cryptocurrency industry
The FBI has issued a warning regarding individuals who portray themselves as employees of crypto exchanges in order to take the funds of users. The fraudsters are contacting users through calls or messages, claiming that their accounts on the exchange are experiencing issues…[continue reading]
4) Tether’s CEO declines to invest in Ethereum and remains committed to Bitcoin
In a recent social media post, Paolo Ardoino, the CEO of Tether, rejected the notion of investing a portion of the company’s profits in Ethereum. Ardoino underscored his preference for Bitcoin over Ethereum, citing its immutability and fixed supply as significant factors…[continue reading]
5) Genesis trades $1.5 billion worth of Bitcoin and Ethereum
According to an X post by Arkham Intelligence, Genesis Trading has transacted more than $1.5 billion in Bitcoin (BTC) and Ethereum (ETH) in the past hour. Consequently, BTC experienced a 2.2% decline in the past hour, while ETH experienced a 2.5% correction during the same time frame. The transactions, which totaled 16,600 BTC and 166,300 ETH, are expected to be the beginning of the in-kind repayments to creditors…[continue reading]
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