Ethereum Foundation Moves Big ETH Lump – Sell-off Coming?

Lookonchain reported that approximately an hour ago it spotted that the Ethereum Foundation had made a large crypto transfer, moving $2 million worth of ETH. This move was also noticed by another DLT tracker, OnchainDataNerd, which reported it on its X app page.

This transaction happened right after the ETH price showed a marginal rise, which followed a recent drop of 4.23%. Still, Ethereum continues to hold above the key $2,000 level so far.

Ethereum Foundation moves 1,000 ETH

In its recent X post, Lookonchain stated that 1,000 ETH worth an impressive $2 million was moved by the Ethereum Foundation to a Safe multi-signature wallet "0x4e6b." Safe is a type of wallet based on Ethereum chain.

Earlier this year, according to data shared by lookonchain, the Ethereum Foundation also transferred several similar lumps of ETH to the same multi-signature wallet – 1,000 ETH nearly three months ago and another 1,000 ETH almost half a year ago. The goal of these transactions remains unclear and has not been commented on by any Ethereum rep so far.

$ETH $ADA

The faster-than-expected integration of artificial intelligence (AI) has actually enhanced job creation rather than diminished it, especially among young and highly skilled workers, according to research published by the European Central Bank (ECB).

While firms have heavily invested in AI, the impact on the labor market has been a source of concern. The research, based on a sample of 16 European countries, revealed that sectors exposed to AI experienced an increase in employment share.

Low and medium-skill jobs saw minimal impact, while highly-skilled positions witnessed the most significant growth.

However, the study noted potential "neutral to slightly negative impacts" on earnings, with further effects anticipated as AI technologies continue to evolve and be adopted.

"These results do not amount to an acquittal," the paper said. "AI-enabled technologies continue to be developed and adopted. Most of their impact on employment and wages – and therefore on growth and equality – has yet to be seen."

#artificialintelligence #computervision #ai #ia #machinelearning

Cryptocurrency ISO 20022 🌐

By Brenden Rearick, InvestorPlace financial news editor.

The worlds of global institutional bank transfers and cryptocurrencies have long been at odds. The advent of cryptocurrencies threatens to destroy the international money transfer system as a centralized service. But now, thanks to ISO 20022, it appears these services can coexist and offer the best of both worlds. But which crypto assets should you buy to best benefit from this new standard? Fortunately, there are many ISO 20022 cryptocurrencies to choose from.

The International Organization for Standardization is behind the creation of the ISO 20022 standard. The organization introduced the ISO 20022 standard as a way to have a standard method for developing messages between financial institutions. Indeed, organizations around the world use their own languages.

#btc#xrp#lunc#doge#eth $BTC $ETH $XRP

On Culture and Governance, or: Comparing Open AI and eCash

Recently there’s been a lot of speculation about what happened behind the scenes at Open AI, the company behind ChatGPT. Here’s what we know. This past Friday, the 4 person board of directors fired the CEO, Sam Altman, and was immediately met with enormous backlash from both company insiders and outsiders alike. While no details have emerged as to exactly what led to the firing, chances are that the members of the board didn’t share Altman’s vision as to what was best for Open AI.

I bring all this up because I couldn’t help seeing some parallels between Open AI and the eCash project. For example, in the aftermath of Altman’s firing, many Open AI employees took to Twitter over the weekend to signal that they would resign if the firing wasn’t reversed. It got me thinking about the intentions of these employees, and while I am in no way suggesting this is actually the case,

I could imagine a scenario where employees with thousands of stock options might favor a CEO whose objective was to maximize profits over a board whose goal might be to maximize safety.

It reminded me of something I’ve been thinking about with regard to $XEC . For example, what if all the $XEC stakeholders decided to vote for increasing the staking rewards so that instead of only receiving 10% of the block reward, it became much higher? Another way of putting it is how do we ensure that the eCash stakeholders do what’s in the best interest of the project, rather than what they think is in the best interest of their individual wallets?

To me, the answer comes down to culture. Culture as in what do the stakeholders of these projects ultimately want? In the case of Open AI, is the goal to make as much money as possible, or to safely create artificial general intelligence that benefits all of mankind?

#XEC/USDT #XEC #BCH/USD #bch #

📊 BTC and ETH options volume on the Chicago Mercantile Exchange (CME) increased by 142% and 107%, respectively, to reach a new record high.

Overall, the increase in trading volumes on the CME suggests growing institutional interest 📈

$BTC #BTC #options #TradingOpportunities #CryptoTradingTip

TAPROOT WIZARDS RAISE $7.5 MILLION TO ADVANCE ORDINALS, L2S, ZK-SNARKS ON BITCOIN

Taproot Wizards, a Bitcoin Ordinals project focused on advancing Bitcoin's capabilities, has secured $7.5 million in funding to assemble a team of top tier developers to build on Bitcoin. 

The investment round was led by Standard Crypto, with Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey and Newman Capital participating in the raise as well.

"We went for a larger seed round of $7.5 million because we feel time is of the essence," said Taproot Wizards co-founder Udi Wertheimer. "We've been bullish on bitcoin for a decade but we genuinely believe that the best time to build in bitcoin is now."

Taproot Wizards aims to assemble a solid team of developers to further develop tools and applications that leverage the full potential of the open source protocol. The project's mission revolves around maximizing the potential of Taproot, an upgrade designed to enhance Bitcoin's privacy, security, and efficiency. 

"We're focusing on adopting the best breakthroughs in broader crypto research to advance bitcoin and ordinals, for example the open-source rollup work we've shared a couple of months ago, and will use this funding to build a team of top-notch bitcoin builders," Wertheimer continued.

Taproot Wizards' focus lies in fostering an ecosystem where developers can collaborate and create solutions that harness the power of Bitcoin.

$ORDI $BTC

Avalanche has been integrated into JPMorgan's pilot program. The AVAX price has increased by 18% in 24 hours.

#AVAX/USDT $AVAX

Did you know that this AI tool can stimulate your thinking?

Artificial intelligence (AI) is a growing technology that is used in many areas, including online search.

What is Bing AI?
Bing AI is a set of technologies that uses machine learning to understand user queries and provide them with the best possible results.

How does Bing AI work?
Bing AI works in three main stages:

-- Query analysis: Bing uses natural language understanding to analyze a user's query and understand its meaning.

-- Retrieving results: Bing uses semantic search to retrieve the most relevant results for the query.

-- Personalization of results: Bing uses a user's search history to personalize results based on their interests.

How does Bing AI help me find what I'm looking for?
Bing AI helps you find what you're looking for by providing more relevant and personalized results. For example, if you search for "Bitcoin", Bing will use natural language understanding to understand that you are searching for blockchain technologies that include Bitcoin. It will then use semantic search to retrieve the most relevant results for your query, such as blockchain technologies with the best reviews and closest to your location. Finally, Bing will use your search history to show you results more relevant to your interests, such as blockchains that are popular with people you follow on social media.

Try Bing AI today and see how it can help you find what you're looking for.

#Blockchain #IA #Recherche #Binance #Microsoft $BTC

$XEC is short for eCash, a cryptocurrency designed to function like electronic money. It is a fork of Bitcoin Cash ABC and was created by a team led by the lead developer of Bitcoin Cash (BCH), Amaury Séchet.

XEC was launched in 2021 after a November 2020 fork that split BCH into two coins: Bitcoin Cash and Bitcoin Cash ABC. Bitcoin Cash is a fork of Bitcoin optimized for payments.

The main features of XEC are:

1-High transaction speed Low transaction fees Strengthened security.
2-Compatibility with Bitcoin Cash wallets

XEC is still a new cryptocurrency, but it has the potential to become a popular option for electronic payments.

Here are some more details about XEC:
Full name: eCash
Symbol: XEC
Total supply: 21 billion
Blockchain: Bitcoin Cash ABC
Consensus algorithm: Proof-of-Work
Chopping period: 10 minutes
Transaction Fee: Min. 0.00001 XEC, Max. 0.0001 XEC
Transaction speed: 10 transactions per second
Security: SHA-256
Compatible wallets: Electron Cash, Bitcoin ABC Wallet, Sparrow Wallet, etc.

#xec #bch #btc #blockchain

In the era of the artificial intelligence revolution, everyone must understand the impact on their daily lives.

#MyFirstSquarePost