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Brytomotive
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Can Genesis Repay Creditors Faster with $2.1 Billion Bitcoin Bought from GBTC Sale? 😬 In a surprising move, bankrupt crypto lender #Genesis dumped $2.1 billion worth of Grayscale Bitcoin Trust shares (GBTC) to buy actual Bitcoin. This fire sale comes after Genesis got the green light to sell the #GBTC in February, when the price was way lower. With Bitcoin back on the rise, is this a genius strategy by Genesis to repay creditors faster, or a risky gamble? Crypto exchange #Coinbase says the market shouldn't panic, but will their assurances hold true? #Binance #crypto2024

Can Genesis Repay Creditors Faster with $2.1 Billion Bitcoin Bought from GBTC Sale? 😬

In a surprising move, bankrupt crypto lender #Genesis dumped $2.1 billion worth of Grayscale Bitcoin Trust shares (GBTC) to buy actual Bitcoin.

This fire sale comes after Genesis got the green light to sell the #GBTC in February, when the price was way lower. With Bitcoin back on the rise, is this a genius strategy by Genesis to repay creditors faster, or a risky gamble?

Crypto exchange #Coinbase says the market shouldn't panic, but will their assurances hold true?

#Binance

#crypto2024

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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Smart contracts are currently difficult to write due to complex #coding languages. The future of smart #contracts could involve writing them in natural language like English. This would allow more people to write smart contracts, including lawyers and everyday users. There are challenges to this approach, such as defining legal terms and ensuring the accuracy of AI-written contracts. However, there are also potential solutions, such as using multiple AI agents to write and verify contracts. This new way of writing smart contracts has the potential to bring billions of new users to #blockchain technology.
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Yesterday BlackRock (IBIT) Daily BTC Flows: +21.8m 💰
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#Sui recently clarified misleading information about their token supply. Locked tokens are safely held by third parties and cannot be moved until unlocked according to the public schedule. The founders have no control over community reserve or other allocated tokens. Sui Foundation holds the largest portion of #locked tokens and will use them to support the ecosystem. #Staking rewards are already circulating and 100% of those earned by Sui Foundation go back to the community. See the official token unlock schedule at https://sui.io/token-schedule for details. #Binance #crypto2024
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Forget Big Tech's stranglehold on AI! KIP Protocol just joined forces with Aethir, the champion of decentralized GPU cloud power. This dream team is shaking things up by granting KIP's AI products access to Aethir's massive GPU muscle. But that's not all! KIP becomes Aethir's go-to partner for deploying AI, bringing secure transactions and monetization tools to the party. Imagine - faster AI development, empowered creators, and groundbreaking innovation - all fueled by this powerful alliance. Buckle up, because KIP and Aethir are paving the way for a revolutionary, distributed future for AI! Stay tuned - this is just the beginning!
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The successful voting of Fetch.ai and SingularityNET communities led to the approval of merging $FET, $AGIX, and $OCEAN into $ASI, forming the Artificial Superintelligence Alliance. An additional 1,477,549,566 $FET tokens have been minted to facilitate the ASI Token Exchange Mechanism. Conversion rates: $AGIX:$ASI 0.433350:1, $OCEAN:$ASI 0.433226:1, $FET:$ASI 1:1. Total $FET supply becomes 2,630,547,141. $FET will be renamed to $ASI in subsequent steps. #Binance #crypto2024
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