Top news stories of this week
Memecoin hype drives bitcoin transaction fees to multi-year highs
The ongoing trading frenzy of Memecoin like Pepe Has triggered an undesired result for bitcoin (BTC) – Pushing its transaction fees to their highest point in two years. On May 3, the total amount of fees paid on the bitcoin blockchain reached $3.5 million, a nearly 400% increase from the end of April. Bitcoin’s BRC-20 token standard has become the latest trend in the crypto ecosystem amid the rise of MemeCoin. A total of 8,500 different tokens have been created using the BRC-20 standard. Gas fees have also recently been introduced on the Ethereum blockchain. Reaching new multi-month high,
Bitcoin Miners Earned $50B From BTC Block Rewards, Fees Since 2010
Amid ongoing debate over miner costs and sensitivity to bitcoin price declines, new data Suggesting miners are firmly in the black in the long run. Calculations by on-chain analytics firm Glassnode show that fees and block reward subsidies have earned miners billions since 2010. Miners’ total all-time earnings are almost 40% higher than their estimated costs, at $50.2 billion versus $36.6 billion, respectively.
‘Godfather of AI’ resigns from Google, warns of dangers of AI
Dr. Geoffrey Hinton, artificial intelligence pioneer and former Google employee Share your concerns about technology that he helped develop over the years. According to a neural network expert, AI could pose a threat to humanity in the future as it learns unpredictable behavior from the massive amounts of data it analysed. He is also concerned about the ongoing AI arms race to develop lethal autonomous weapon systems, as well as the increase in the number of fake photos, videos and text flooding the Internet.
Balaji Pays Off Its Insane $1M Bitcoin Bet, 97% Under Price Target
A wild bitcoin price bet between former Coinbase CTO Balaji Srinivasan and pseudonymous Twitter user James Medlock Fixed 45 days ahead of schedule for $1.5 million, Medlock offered anyone to bet $1 million that the United States would not experience hyperinflation on March 17. The former Coinbase executive accepted the bet, predicting that the US dollar would fall due to inflation, and as a result, BTC would reach $1 million within 90 minutes. Day. In the deal, Medlock netted $500,000, while another $1 million went to the two organizations.
Microsoft ends Bing waiting list, giving users free access to GPT-4
Microsoft recently Announced several new AI-powered features For your Bing chatbot and Edge web browser, including full access to the GPT-4 model – the same underlying engine that powers the ChatGPT Plus subscription service. The new features won’t require any purchases or subscriptions, although users will need a free Microsoft account to take advantage of the Bing chatbot’s full suite of functions. In contrast, OpenAI’s ChatGPT Plus service costs $20 per month for access to the same GPT-4 model.
winners and losers
bitcoin at the end of the week ,B T c, is on $29,618ether ,ETH, But $1,991 And XRP But $0.46, stands at total market cap $1.22 trillion, According For Coinmarketcap.
Pepe is the top 3 altcoin gainer of the week in the biggest 100 cryptocurrencies (PEPE) Floki, at 961.32% (floki) 35.36% more on Rocket Pool (RPL) at 10.15%.
The top three altcoin losers of the week are the Needles (SUI) at -70.87%, irreversible (imx) -10.68% and on Cronos (CRO) at -10.06%.
For more information on crypto prices, be sure to read Cointelegraph Market Analysis,
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most memorable quotes
“Even in America where [CDBC] What wasn’t a topic of much interest for a while now has engagement, and for the right reason. The future has come.
Kristalina GeorgievaManaging Director of the International Monetary Fund
“I’ve spent my money to send an expensive signal that something is wrong with the economy, and it’s not going to be a ‘soft landing’ like Powell promised – but something much worse.”
Balaji SrinivasanFormer CTO of Coinbase
“There’s going to be very few people in the next 10 years who don’t have a stake in [crypto] Area.”
Lisa CameronMember of Parliament of the United Kingdom
“It’s the uncertainty that permeates everything. You just don’t know what’s coming next or where or why or how it’s going to come to America.
oliver lynchCEO of Bittrex Global
“I console myself with the usual excuse: If I had not [co-developed modern artificial intelligence]Somebody else will have it.
Geoffrey HintonArtificial intelligence pioneer known as the “Godfather of AI”
“Well, I think we have both, and I think it’s a little naive to say [banking crisis] Limited to the First Republic only.
bob mitchellChief Investment Officer, JP Morgan Asset Management
Bitcoin Price Surpasses May High of $29.5K as Traders Lose Eyes
Bitcoin With eyes on regaining lost ground ahead $30,000 remained in circulation on May 5. The BTC/USD pair dipped along with USA stocks at the day’s open Wall Street, but the weakness was short-lived as it hit the $29,000 support.
Popular anonymous trader Alan, also known as Trader Tardigrade, was bullish about a continuation of the uptrend, which could mimic its breakout from late 2020. adding that the moment was a preparation for “the bull run to come”.
FUD of the week
Argentina’s central bank bans cryptocurrencies from payment apps
central bank of argentina Payment providers banned from offering crypto transactions, alleging that it seeks to reduce the country’s payment-system exposure to digital assets. Cryptocurrencies are not regulated in Argentina, which means that all coins and tokens are subject to the decision. Argentina’s Fintech Chamber urged the government to reconsider the decision.
FBI, Ukraine seize 9 exchange domains on money laundering charges
Reportedly nine digital currency exchanges Their domains were seized for aiding and abetting cyber criminals by the United States Federal Bureau of Investigation and Ukrainian law enforcement. The seized domains include 24xbtc.com, 100btc.pro, pridechange.com, trust-exchange.org and bitcoin24.exchange. Each website allegedly offered anonymous crypto exchange services, bypassing the many rules and regulations required from a licensed firm.
Darknet hackers are selling crypto accounts for as much as $30 a pop
Cyber criminals allegedly from the shady parts of the internet Selling hacked verified crypto accounts on the darknet For at least $30 each. Hacked accounts can be used to illegally evade Know Your Customer measures on popular cryptocurrency exchanges. But cryptocurrency accounts aren’t the only item on the list – account information for credit cards with balances up to $5,000 sold for just $110, while login credentials for online bank accounts with balances up to $2,000 sold for $60. Are.
Best Cointelegraph Features
How To Control AI And Incentivize Humans With Crypto?
Some experts believe AI is needed To be controlled by a decentralized network. Others say that the token can be used to incentivize humans to generate data sets.
Joe Lubin: The Truth About ETH Founders’ Split And ‘Crypto Google’
Ethereum Co-Founder Talks Read more about the ancient history, what lies ahead for MetaMask and Infura, and what the future holds for the No. 2 cryptocurrency.
Your Guide to Exhilarating and the terrifying world of runaway AI development.
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