CertiK’s security chief Kang Li thinks inexperienced programmers using AI tools such as ChatGPT to write smart contracts is a recipe for disaster. Artificial intelligence tools such as OpenAI’s ChatGPT will create more problems, bugs and attack vectors if used to write smart contracts and build cryptocurrency projects, says an executive from blockchain security firm […]
Shark Tank Star Kevin O’Leary Warns of Emerging Financial Crisis, Bank Failures
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has sounded the alarm about an impending financial crisis. “We have a crisis emerging,” he warned, emphasizing that small business owners will be “cut off at the regional bank level.” He stressed: “You’re going to hear a lot of people crying about this in the next few […]
Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs
“It’s reckless not to aggressively accumulate BTC at current levels,” K33 senior analyst Velte Lund said in a recent report. The potential of a spot Bitcoin (BTC) exchange-traded fund (ETF) approval to drive prices up is dramatically underestimated by the crypto market, claim analysts from crypto research firm K33 — formerly Arcane Research. In a […]
Singapore Elects President Who Advocates ‘One Regulatory System’ for Crypto and Traditional Finance
Tharman Shanmugaratnam, the former deputy prime minister and central bank chairman of Singapore, has been elected as the new president of the country. The Singaporean president-elect, who advocates for a single regulatory system for both crypto and traditional finance, wants to make sure that everyone is aware that there is “one regulatory system for everything.” […]
Grayscale legal team seeks SEC meeting over proposed Bitcoin ETF conversion
Top executives at Grayscale have asked to meet with the U.S. Securities and Exchange Commission (SEC) to discuss a planned spot Bitcoin ETF. The company’s legal team sent a letter to the SEC on Sept. 5, writing: “We would appreciate the opportunity to meet with the staff of the [SEC] as soon as practical to […]
Base suffers first major outage since launch
Block production on Base abruptly halted for 43 minutes as developers rushed to implement a fix. Coinbase’s Ethereum layer-2 network Base has suffer its first major outage since its public launch on Aug. 9. For approximately 45 minutes on Sept. 5, no new blocks were produced on the Base chain. Its developers first identified the […]
Bitcoin’s drop to $25k coincides with peak in long-term holding
Quick Take The Spent Output Profit Ratio (SLRV) inversion occurred on August 13, preceding a notable drop in Bitcoin’s value to $25,000 just three days later. The SLRV Ratio, a pivotal measure in the crypto market, measures the percentage of Bitcoins that were last moved within 24 hours against those moved between 6-12 months prior. […]
Coinbase launches institutional lending service
Coinbase is in the process of creating a new institutional lending service, according to regulatory filings and statements from the company. A Coinbase spokesperson told CryptoSlate on Sept. 5: “Coinbase is launching a digital asset lending program for its institutional Prime clients. With this service, institutions can choose to lend digital assets to Coinbase under […]
Do Not Pass Up These Top 3 Undervalued Cryptocurrencies – Dogecoin (DOGE), XRP (XRP) and Everlodge (ELDG)
As the market continues to mature, savvy investors are always looking for undervalued assets with the potential to provide significant returns. Dogecoin (DOGE), XRP (XRP), and Everlodge(ELDG) – are three cryptocurrencies that fit that description to a tee. Keep reading to discover why these cryptocurrencies are undervalued and how their future may unfold. Summary – […]
Ethereum price risks losing the $1.6K support as multiple ETH price metrics decline
A lack of network activity and ground lost to competitors could eventually play a role in ETH losing the $1,600 support. Ether (ETH) price surged by 31.3% from March 10 to March 18, coinciding with the U.S. Federal Reserve’s injection of $300 billion to address the insolvency of Silicon Valley Bank.. Since then, Ether’s price […]