Connect with us

Press Release

Blockchain And Important AI Regulation

Published

on


KEY TAKEAWAYS

  • The collaboration aims to strike a balance between responsibility and innovation in AI
  • Security level up: Blockchain enhances security, safeguarding AI systems and data from unauthorized access
  • Governance issues, technical complexities, and limitations of blockchain pose challenges
  • Global standards and regulations are essential for effective governance and oversight
  • Integrating blockchain into AI regulation is crucial for fostering responsible development and ensuring a secure and ethical AI landscape

 

THE PARTNERSHIP BETWEEN BLOCKCHAIN AND AI GOVERNANCE

The purpose is to balance responsibility with innovation. AI can be extremely helpful but dangerous if not put under control. That’s where blockchain’s steady accounts and transparent business come in handy. This partnership is an important step towards better AI regulations and responsible norms.

The role of Blockchain in AI regulations is to focus on features of decentralization, and stability. This will improve transparency, security, and efficiency.

MAIN PERKS

Take a look at some of the benefits of blockchain and AI integration.

  • Security level up: Blockchain keeps AI systems and data safe from meddling and unauthorized access
  • Transparency: Blockchain’s transparency allows everyone to check if ethical standards are being followed
  • Decentralized control: With decentralized control, there’s less risk of power being concentrated in the wrong hands, leading to a more democratic AI landscape
  • Automated compliance: Automated compliance makes regulatory processes smoother, reducing the chance of errors
  • Adaptability: Regulations can keep up with all the latest tech developments thanks to blockchain’s adaptability

 

WHAT ARE THE CHALLENGES?

There are some drawbacks to the integration. Mostly governance issues, technical stuff, and limitations of blockchain. Security and data privacy is always an issue since no platform, let alone integration of two is 100% safe.

Enforcing regulations globally and navigating different jurisdictions – that’s a whole other topic which is one of the most complex parts. We’ll keep an eye on this collaboration and see how it develops further.

Some real-life examples that can show how cool it can be to combine blockchain and AI in different areas are healthcare, finance, and even smart cities. Since AI is not a shiny new toy, the integration with blockchain means we get to see some fancy, cutting-edge technology and improved security. On top of that, we need global standards and regulations to keep everything in check.

That aspect can be covered if countries can work together to set the rules, encourage innovation, and connect the digital distance.

 



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Press Release

Bitcoin And Ethereum Prices Recover In What Could Be The Last Market Correction Before BTC Halving

Published

on

By


  • The prices of Bitcoin (BTC) and Ethereum (ETH) saw a massive correction over the weekend, in what could be the last market correction before BTC halving.

The crypto market has shaken off concerns of escalations between Iran and Israel as the U.S. appears to have talked Israel out of a counter-attack, but the effects on Bitcoin remain dire.

Bitcoin dropped below $62,000 over the weekend as geopolitical tension shook the markets. BTC is trading above $66,000, while ETH is back above $3200.

Another busy week lies ahead for the crypto and TradFi markets on the US economic calendar with retail sales data and Fed speeches set ahead.

The crypto market saw a massive correction over the weekend, starting with a red Friday and followed by a Saturday massacre. 

Bitcoin had one of its worst weekends in a long time. However, it has managed to recover some ground and now trades slightly above $66,000.

While the reasons for the crash are still debatable, the fact is that the total crypto market cap shed over $400 billion at one point. Most altcoins fell even harder but have begun their recovery as markets open up. 

See Also: Why Bitcoin Price Dropped Below $67,000, According To Blockchain Firm

Crypto Markets Recover From The Bloodbath

With the next Bitcoin halving just around the corner, the question arises whether this was the last crypto market correction before the block production is reduced by another 50%.

So much can and has been said about what took place in the past 72 hours as the weekend rolled away. 

BTC was relatively calm on Friday morning, in a tight range between $70,000 and $71,000. 

Soon after came the latest Fed statements from a few branch Presidents claiming that the central bank has no intentions to reduce the interest rates anytime soon. 

All was thought to be good up to that point.

However, BTC, as well as most markets, reacted to the news immediately. The leading crypto coin fell by about $6K to $65K. 

Soon after BTC recovered some ground on Saturday to trade above $67K. However, the tension between Iran and Israel escalated fast with Iran launching drone missiles to Israel.

That single geopolitical instance drove BTC to lows not seen in the last month with the coin trading at $61K. 

The coin faced more volatility on Sunday, leaving hundreds of millions of dollars in liquidations. Some traders took their disappointments on X, some on the verge of suicide.

The start of this business week has been more positive amid promising ETF  news coming from Hong Kong.  At the time of writing, Bitcoin trades at $66,332, a 2.6% increase since yesterday. However, that leaves BTC 7.9% lower compared to its value 7 days ago. 

The second largest crypto coin, Ethereum, trades at $3,247 today, which is a 5.9% increase from yesterday. However, the value of ETH today is 9.9% down from a week ago. 

Bitcoin Halving Is The Talk Of The Crypto Town

History has it that this is not BTC’s first such reaction amid escalating geopolitical tension between 2 countries. 

Memory archives show BTC and the crypto market fell hard over two years ago when Russia invaded Ukraine. According to Willy Woo, the crypto recovered almost all losses “within days.”

Alex Kruger stands ground that Bitcoin’s upcoming price movements are strongly tied to what Israel and Iran will do next. 

BTC could recover swiftly if the conflict is resolved, but he warned that “we are going much lower” if an all-out war breaks out. Some are based on the rumors of WW111.

The market was not bad news to everyone. This market correction helped some savvy investors to strengthen their BTC stash. Lookonchain data shows that whales have been particularly active. One Whale withdrew nearly $40 million worth of BTC. 

Bitcoin halving takes place at every 210,000 blocks, which is approximately 4 years and reduces the block production by 50%. 

The next one, which should be completed on April 19, though BTC halving calendars vary, will see the rewards decline to 3.125 BTC per block.

Once the production rate of a certain asset declines, its price should go up if the demand for it remains the same or increases. 

Perhaps this is why Bitcoin has headed north after each of the previous halvings and why the community anticipates upcoming bull runs as well. 

Crypto markets have been battered over the past week but started to show signs of recovery during the Monday morning trading session in Asia. 

Markets will also focus on earnings, with this week’s releases spread between various economic sectors including banking and finance.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN





Source link

Continue Reading

Press Release

Is The Iran And Israel Conflict Sending Crypto Markets Tumbling?

Published

on

By


  • Iran attacked Israel, causing panic in the crypto markets with Bitcoin and Ethereum prices tumbling.
  • Bitcoin fell to $60,800 and Ethereum to $2,850, while altcoins dropped 20-30%.
  • Bitcoin and Ethereum later recovered, trading above $64,000 and $3,000 respectively.

Recent events have unfortunately rocked the crypto markets as Iran launched an attack on Israel, causing widespread panic. 

This turmoil saw Bitcoin (BTC) and Ethereum (ETH) prices plummet, while alternative cryptocurrencies have also suffered significant losses.

The Iranian offensive over the weekend led to Bitcoin dropping to a low of $60,800, while Ethereum fell to $2,850. 

Altcoins weren’t spared, experiencing a downturn of 20-30%. 

This steep decline in cryptocurrencies was driven by their role as a proxy for macroeconomic stability during weekends when most other markets are closed. 

Following the initial shock, Bitcoin’s price recovered, trading back above $64,000, and Ethereum climbed over $3,000 again.

See Also: Why Bitcoin Price Dropped Below $67,000, According To Blockchain Firm

Market Reactions and Recovery Signs

Ethereum’s risk reversals—a measure of market sentiment and volatility—also mirrored this chaos. 

After dropping to -18%, a level indicating extreme bearish sentiment, they rebounded to slightly positive figures. 

Such fluctuations are critical indicators for traders speculating on future market movements.

Historically, buying the dip following the onset of geopolitical conflicts has proven to be a profitable strategy. 

Current market conditions may offer similar opportunities. This weekend’s trading patterns underscore the sensitivity of cryptocurrency markets to global events, particularly those involving significant geopolitical tensions.

Trading Strategies Amid Uncertainty

For investors looking to capitalize on these dips while managing risks, two strategies might be considered, according to our buddies over at QCP. 

See them below:

BTC Accumulator: Investors could buy Bitcoin at $54,000 every Friday, provided the spot price remains below $77,400. This setup, with a maturity date of August 23, 2024, and a strike price of $54,180, offers a way to accumulate Bitcoin at a discount while setting an upper barrier at a 20% increase from the buying level.

BTC Bullish CFCC: This strategy yields a 92.5% annual return if the BTC spot price is consistently above $64,500. At the contract’s maturity on September 27, 2024, if the price is below $55,000, USD will convert to BTC at a $60,000 strike. If above $55,000, the principal amount in USD is returned in full.

These investment approaches provide mechanisms to navigate the market’s current volatility while offering substantial upside potential and defined risk parameters.

Broader Economic Impact

The attack’s timing, occurring over the weekend, meant cryptocurrencies were among the few tradable assets. 

This exclusivity amplified their reaction to the news. 

Bitcoin, for example, had been trading around $70,000 just before the news broke but quickly fell below $62,000, marking one of the sharpest declines in over a year. By Sunday morning, it had made a modest recovery.

This incident also marked a significant escalation in Middle Eastern geopolitical tensions, with Iran launching a direct attack from its territory for the first time. Israel reported identifying and neutralizing nearly all incoming threats.

The geopolitical tensions did not just affect the crypto markets. 

The Iranian rial dropped to a record low of 705,000 rials per USD, and the Tel Aviv Stock Exchange saw its TA-35 index dip by 0.38%. 

These economic indicators reflect the broader impact of the conflict on regional stability and financial markets.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN



Source link

Continue Reading

Press Release

Betting On Winners: Why Experts Favor Rebel Satoshi ($RBLZ) Over dogwifhat (WIF) And SHIB Amid Memecoin Season

Published

on

By


TLDR

  • Rebel Satoshi ($RBLZ) receives support from renowned market experts for its potential to become the next big meme coin.
  • According to market gurus, dogwifhat (WIF) will achieve a price of $6 by December 2024.
  • According to analysts, the price of Shiba Inu (SHIB) will surge by 50% in 2024.

Experts have expressed support for Rebel Satoshi ($RBLZ) because it has the potential to outperform top altcoins in the coming months. They believe the new meme coin could be the next major challenger to dogwifhat (WIF) and Shiba Inu (SHIB) in the meme coin arena.

Let’s map the future price trajectory of $RBLZ, WIF, and SHIB to pick the best crypto investment option for 2024!

 

Experts Rank $RBLZ as One of the Top Altcoins for Safe Investments

As the meme coin market heats up, experts increasingly recommend Rebel Satoshi’s $RBLZ over trending top crypto coins like dogwifhat and Shiba Inu. This endorsement stems from $RBLZ’s impressive performance and promising future, positioning it as a standout investment for those looking to capitalize on meme coin trends in 2024.

Rebel Satoshi is a revolutionary project with a dual-token ecosystem aimed at disrupting traditional financial systems. Rebel Satoshi wants to democratize finance through decentralization and community empowerment. Thus, it challenges the established norms and seeks to engage a broad base of supporters in a meaningful economic revolution.

During its presale, $RBLZ experienced phenomenal growth, with its price soaring by 150% from $0.010 to $0.025. This period demonstrated $RBLZ’s strong market appeal and helped Rebel Satoshi raise over $2.5 million in funding.

Following a successful presale, $RBLZ made its debut on major crypto platforms such as CoinGecko, Uniswap, DEXTools, and Coinstore, consistently trading at $0.025. Rebel Satoshi introduced $RECQ, its second token in line with $RBLZ’s market launch. This token has already shown potential to outpace the success of $RBLZ with projections of a 237% return.

$RBLZ continues to gain momentum, supported by an active and growing community engaged through various rewards and quests. The upcoming developments, including the Rebel Satoshi Arcade and exclusive merchandise, are set to enhance community involvement and solidify $RBLZ’s position in the market.

 

According to Market Gurus, WIF Will Reach a Price of $6 in 2024

dogwifhat has captured significant attention in early 2024 with an impressive price surge, reflecting its potential within the meme coin sector. However, experts suggest that the momentum may be shifting towards emerging meme coins, signaling a potential downturn for WIF.

A crypto market analyst has highlighted a critical threshold for WIF’s price movement, noting that a close below $3 could mean a significant shift in momentum and potentially catastrophic consequences for the meme coin.

This observation emphasizes the importance of monitoring key support levels to assess WIF’s future performance. While the bearish outlook offers a dark picture, the dogwifhat community retains optimism regarding WIF’s future.

Despite the cautionary outlook, some analysts also remain optimistic about dogwifhat’s prospects. They predict a further price surge, envisioning WIF reaching $6 by the end of 2024. This bullish forecast suggests that despite potential challenges, there is still confidence in WIF’s ability to rebound in the upcoming months.

Analysts Say SHIB’s Price Can Grow by 50% Toward Year’s End

Shiba Inu has maintained its position as one of the top-performing meme coins, retaining its status as the second-largest meme coin in the market. Despite its earlier peak of $0.00004534 in March 2024, SHIB has seen a price decline, dipping below $0.000027 recently.

Amidst SHIB’s price fluctuations and the emergence of promising meme coins, LunarCrush, a social media analytics tool, has reported a significant increase in the popularity of Shiba Inu over the past six months.

The number of SHIB creators has surged by 30,743%, and its trading volume has experienced a substantial rise of 398.9%. This surge in popularity indicates a strong and dedicated community surrounding SHIB, contributing to its resilience in the face of market challenges.

Considering Shiba Inu’s growing popularity and the consistent support of its community, experts anticipate a potential price increase for SHIB. They predict a 50% surge in price, envisioning SHIB reaching $0.000041 by the end of 2024.

However, if bearish sentiments take over the market, Shiba Inu is expected to face challenges in maintaining its price levels. Analysts project that SHIB will likely remain below $0.000036 in the coming months.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram



Source link

Continue Reading

Trending

Copyright © 2023 Dailycrunch. & Managed by Shade Marketing & PR Agency