Venture capital activity in the cryptocurrency sector has shown an increase in early 2024, indicating a potential resurgence of investor confidence post the bear market. Chainalysis' 'The 2024 Crypto Spring Report' reveals that Q1 2024 witnessed the first quarter-over-quarter rise in crypto investments since early 2023, hinting at a shift in the industry's investment landscape. Despite a decline in capital raised by crypto firms in 2023 due to the crypto winter of 2022, Q1 2024 saw a rise in crypto VC volumes, nearing $2.5 billion. Noteworthy deals over $100 million were made by projects like Wormhole and DePIN. The market surge in early 2024, with Bitcoin hitting new highs, was fueled by the launch of spot Bitcoin ETFs in the US. This uptick in crypto VC deals aligns with the industry's positive momentum. Read more AI-generated news on: https://app.chaingpt.org/news

Morgan Creek Capital CEO Mark Yusko foresees a significant increase in investments in the cryptocurrency market as baby boomers, with trillions of dollars in wealth, look to enter the digital asset space. In an interview on The Wolf Of All Streets podcast, Yusko highlighted the impact of Bitcoin (BTC) exchange-traded funds (ETFs) and growing interest from registered investment advisers, signaling a shift in demand. The full extent of this shift is yet to be fully realized. Yusko predicts that capital inflows will predominantly come from baby boomers, managed through retirement accounts by advisers. With U.S. financial advisers overseeing $114.1 trillion in assets in 2022, Yusko believes that the crypto market's capitalization could reach $6 trillion. The recent approval of Spot Bitcoin ETFs by the SEC, after a decade since the Winklevoss twins' initial application, has further fueled this trend, with major financial institutions like BlackRock and Fidelity leading the way. As acceptance of cryptocurrencies grows in American society, Yusko envisions a positive future for the industry. Read more AI-generated news on: https://app.chaingpt.org/news

An exceptionally rare satoshi, known as an 'epic sat,' was recently sold for 33.3 Bitcoin (BTC) on CoinEx Global. This satoshi was mined from the fourth Bitcoin halving block and is valued at about $2.13 million. The auction took place on April 25, with 34 bids received before an unidentified bidder secured ownership of the satoshi with the sequence number 1,968,750,000,000,000. This event not only marked a successful auction but also highlighted the community's recognition and embrace of Bitcoin. These rare sats hold special significance within the Bitcoin ecosystem and can be verified using Bitcoin Ordinals explorers like Ordiscan and OrdinalHub. ViaBTC, the mining pool, mined the fourth halving block on April 20, receiving significant rewards. The next Bitcoin halving is expected in 2028, reducing mining rewards to 1.5625 Bitcoin. Read more AI-generated news on: https://app.chaingpt.org/news

Brian Rose, an independent mayoral candidate in London and host of the London Real podcast, believes that blockchain-based voting systems could enhance transparency and trust in elections. Public trust in the UK's election processes has declined, with only 12% trusting political parties in 2023. Rose advocates for blockchain-based voting to address this issue and also plans to make London more crypto-friendly. He aims to introduce a London token for various financial utilities, including staking and payment for public services. To fund this initiative, a 1% tax on large financial institutions in London is proposed. Rose's confidence in blockchain technology is evident through his investments in Web3 companies. Overall, his vision includes leveraging blockchain for voting systems and promoting crypto innovation in London. Read more AI-generated news on: https://app.chaingpt.org/news

Decentralized artificial intelligence (AI) development is essential for creating fairer and more impartial AI algorithms. While centralized AI solutions have been dominant in funding, decentralized AI solutions are crucial for ensuring transparency and fairness in AI, as stated by Calanthia Mei, the co-founder of Masa Network. Mei highlighted the advantages of blockchain-based decentralized AI, such as transparent decision-making, improved data privacy, and user-owned models that allow individuals to contribute data or computing resources in exchange for token rewards. Decentralized AI is necessary to address biased outputs, exemplified by incidents like Google's AI image generator producing inaccurate and controversial images. Masa Network, a leading decentralized AI data and language model protocol, aims to provide reliable data to AI applications. With over 1.58 million unique wallets contributing personal data, Masa Network has attracted 13 AI developer partners to enhance decentralized AI capabilities through a $100,000 investment in MASA tokens. Read more AI-generated news on: https://app.chaingpt.org/news

Movement Labs has received a $38 million boost in Series A funding to develop a network of blockchains using Facebook's Move programming language. Led by Polychain Capital, the funding round also saw support from Aptos Labs, Bankless Ventures, and other firms. Movement Labs aims to improve smart contract security and transaction speed in the Ethereum ecosystem through Move-based Ethereum virtual machines (EVMs). Co-founder Rushi Manche highlighted the vulnerabilities in smart contracts and the potential of Move-EVM to prevent attacks. The team introduced M2, a Move VM-based layer-2 for Ethereum, to increase transaction capacity. Move Stack, a cross-compatible execution layer framework, is also in the works. The funding will be used for global hiring, developer tools, and education. Prior to this, Movement Labs raised $3.4 million for the launch of its public testnet, Parthenon, while Degen Chain set a new TPS record in the Ethereum ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news

Manchester City Football Club, a Premier League team, has teamed up with Quidd, a subsidiary of Animoca Brands, to create digital collectibles and enhance fan experiences. Quidd will develop special edition digital cards that offer access to real-world events. The partnership will kick off with the release of 200 unique digital player cards on May 2. Fans purchasing these cards will receive exclusive rewards and opportunities, such as official merchandise and VIP experiences. This collaboration follows Man City's recent ventures into the NFT space, including the launch of 'Unseen City Shirts' NFT collection. The club is also working on a virtual version of their stadium in the metaverse. In a similar vein, other football clubs are exploring cryptocurrency investments for their future growth, as seen with the Winklevoss twins' investment in Real Bedford Football Club. Read more AI-generated news on: https://app.chaingpt.org/news

During a 2017 congressional hearing, a yellow notepad with 'Buy Bitcoin' written on it behind then-Federal Reserve Chair Janet Yellen was sold for 16 Bitcoin (BTC) - over $1 million. The winning bidder, known as 'Justin' or 'Squirrekkywrath', secured the sign on the Bitcoin auction platform Scarce City. The auction lasted a week, ending on April 24. The sign, originally displayed by Christian Langalis, caused a 3.7% increase in Bitcoin's price to over $2,418. After Scarce City's fee, Langalis is expected to receive around $875,000. The notepad also contains notes on monetary policy and Bitcoin. Langalis used the proceeds to fund a Bitcoin software project. Replicas of the sign have been displayed in various offices. Langalis previously sold 21 replicas for an average of 0.8 BTC each. The auctioned sign was removed from the notepad after the hearing but has been reattached with archival wire. Read more AI-generated news on: https://app.chaingpt.org/news

A bill focused on stablecoins introduced to the U.S. Senate could prompt U.S. banks to participate in the stablecoin sector, according to S&P Global Ratings. The Payment Stablecoin Act, presented on April 17, proposes measures that might incentivize banks to issue U.S. dollar-pegged stablecoins, potentially posing challenges for non-U.S. entities like Tether. S&P views stablecoins as crucial to financial markets, citing BlackRock's BUIDL fund as proof of their efficiency. The bill suggests a $10 billion limit on non-bank stablecoin issuance, prohibits unbacked algorithmic stablecoins, and mandates reserves for stablecoin issuers. If approved, this could give banks a competitive edge. Tether, with a $110 billion market cap, could face difficulties as a non-U.S. entity. Senator Kirsten Gillibrand emphasized the importance of regulating stablecoins to uphold the dollar's dominance and combat illicit activities. However, some critics, like Coin Center, oppose the bill's restrictions on algorithmic stablecoins, citing concerns about free speech rights. Read more AI-generated news on: https://app.chaingpt.org/news

AneeMate aims to revolutionize creature-catching games by combining AI and Web3 technologies to enhance interaction, ownership, and community engagement in the gaming realm. The video game industry has long been captivated by magical worlds filled with mythical creatures, with franchises like Pokémon leading the way. As developers venture into the Web3 space, games like Palworld have gained popularity by offering immersive gameplay experiences. AneeMate, created by Cointelegraph Accelerator participant QORPO, introduces a unique twist with player-versus-player mechanics and a focus on exploration, missions, and collecting mythical creatures known as AneeMates. The game's multiplayer features, fast-paced action, and social trading elements set it apart from traditional creature-catching games. With the integration of AI Mate, AneeMate provides players with personalized recommendations for optimal gameplay progression, showcasing the potential of AI in enhancing the gaming experience. The future of gaming is evolving with the fusion of Web3 and AI technologies, promising a dynamic and engaging gaming landscape. Read more AI-generated news on: https://app.chaingpt.org/news

The Lazarus group, a North Korean hacker group, has been using LinkedIn to target vulnerable users in the cryptocurrency industry. They pose as blockchain developers looking for jobs and then steal confidential information and assets through targeted malware attacks. This tactic was recently exposed by blockchain security analytics firm SlowMist, who revealed that the hackers trick victims into running malicious code under the guise of job applications. Lazarus has a history of using innovative methods to steal funds, with over $3 billion in crypto assets stolen so far. Despite facing sanctions, the group continues to target crypto firms, with notable heists like the $625 million Ronin Bridge hack. Crypto platforms have been successful in freezing and tracking stolen funds linked to North Korea, highlighting the challenges faced by hacker groups in moving their illicit gains. Read more AI-generated news on: https://app.chaingpt.org/news

The realm of data ownership and exchange faces significant challenges due to lack of transparency, security, and individual control over personal data. Large organizations often exploit personal data for commercial gains without user consent, leading to data breaches and mistrust. Solutions are needed to empower individuals with data control and compensation. Blockchain and Web3 technologies offer decentralized data storage, transparent transactions, and self-sovereign identity. These technologies also enable decentralized data marketplaces, but verifying data integrity remains a concern. The Itheum Protocol introduces bonding and staking mechanisms to enhance trust and accountability in data exchange. Participants' Liveliness score influences their reputation and data value, incentivizing responsible engagement. Bonding periods and penalties ensure data authenticity and creator dedication. Through these mechanisms, Itheum Protocol prioritizes data authenticity, accountability, and trust in a decentralized environment. Read more AI-generated news on: https://app.chaingpt.org/news

Cosmos developers have addressed a significant security flaw in their Inter-Blockchain Communication (IBC) protocol, safeguarding over $126 million. Asymmetric Research, a blockchain security firm, reported the bug privately to Cosmos, which has since been resolved. The vulnerability could have enabled a reentrancy attack, allowing hackers to create infinite tokens on IBC-connected chains like Osmosis. The bug, present in ibc-go since 2021, became exploitable with the introduction of IBC middleware. This incident underscores the risks of adding new features without adequate security measures. The issue was promptly resolved by Cosmos developer Carlos Rodríguez. Notably, a similar critical vulnerability in the IBC protocol was identified in October 2022 and swiftly patched. This highlights the ongoing importance of robust security practices in the blockchain ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news

Worldcoin's digital identity project plans to boost its WLD token supply by up to 19% in the next six months. Through private sales to non-U.S. institutions, World Assets, a Worldcoin Foundation subsidiary, will sell 1.5 million WLD weekly, totaling $8.2 million. This move aims to increase the circulating supply of WLD. The project will negotiate with trading firms to ensure sales at market prices. With a current market cap of $1 billion, Worldcoin's fully diluted value stands at $54.5 billion. Launched in July 2023, Worldcoin offers a digital identity solution and a unique universal basic income model. Users earn 25 WLD, valued at $137, by registering their biometric data through the 'World App.' Despite a recent price drop, Worldcoin saw a significant surge post-launch, reflecting the growing interest in AI-related crypto projects. Read more AI-generated news on: https://app.chaingpt.org/news

A BlackRock money market fund has been tokenized on the Hedera blockchain, causing a 96% surge in the Hedera (HBAR) token in the last 24 hours. Despite misconceptions, BlackRock was only 'aware' of the on-chain move. The HBAR Foundation X post on April 23 revealed that Archax and Ownera had tokenized BlackRock’s ICS US Treasury Fund on the Hedera network. The post led to misunderstandings, with some believing BlackRock was directly involved. However, Archax clarified that it was their decision to tokenize the fund on Hedera. The HBAR token's price reached $0.175, a two-year high, following the news. The Hedera Global Governing Council approved allocating 4.86 billion HBAR for network development. The HBAR Foundation aims to expand its user base in 2024 after processing 33 billion transactions in 2023. Read more AI-generated news on: https://app.chaingpt.org/news

Many crypto projects are facing a surge in fake farm accounts, known as 'Sybil attacks,' which create artificial network activity to maximize token claims during airdrop events. The Degen memecoin project recently banned around 2,000 suspected farming users. Similarly, Bitget Wallet deducted airdrop points from users engaging in dishonest behavior. Despite efforts to crack down on Sybil attacks, challenges persist. These attacks not only harm a project's reputation but also lead to token supply inflation and price manipulation. However, they have prompted blockchain projects to enhance user identity verification methods for fair airdrop distribution, ultimately strengthening the blockchain ecosystem. The ongoing battle against Sybil attacks is expected to result in a more secure environment for blockchain projects in the future. Read more AI-generated news on: https://app.chaingpt.org/news

Payments company Block, previously known as Square, revealed plans to create a Bitcoin mining system to address challenges encountered by mining operators. In a blog post on April 23, Block disclosed the completion of a three-nanometer chip for BTC mining, leading to the announcement of a comprehensive Bitcoin mining system. CEO Jack Dorsey, formerly of Square, proposed a collaborative effort to decentralize Bitcoin mining in October 2021. Block stated that after extensive discussions with various bitcoin miners to understand their difficulties, they aim to provide a standalone mining chip and a custom mining system to support mining decentralization. The company also designed a prototype of a five-nanometer BTC mining chip in May 2023, emphasizing the negative impact of chip development centralization. Intel's decision to discontinue shipping its Blockscale 1000 Series ASIC mining chips in 2023 further highlights the evolving landscape of cryptocurrency mining, especially after the recent Bitcoin halving event on April 19. Read more AI-generated news on: https://app.chaingpt.org/news

Satoshi Nakamoto, the anonymous founder of Bitcoin (BTC), stepped away from the project 13 years ago after communicating with Bitcoin's initial developers on April 23, 2011. In a final email exchange with Bitcoin core developer Mike Hearn, Nakamoto discussed the challenges of implementing Bitcoin features to combat spam using BTC as collateral. The mysterious figure's departure marked a significant moment in the history of cryptocurrency. Despite various speculations, Nakamoto's true identity remains unknown. Notably, Australian computer scientist Craig Wright's claim to be Nakamoto was dismissed in a lawsuit last March. Nakamoto introduced Bitcoin in 2008 through a white paper, proposing a decentralized digital transaction system. After relinquishing control to other developers in 2010, Bitcoin has evolved into a $1.3 trillion asset. The question of whether the NSA was involved in Bitcoin's creation continues to intrigue many. Read more AI-generated news on: https://app.chaingpt.org/news

A groundbreaking initiative in Finland is converting energy from Bitcoin mining into heat for homes during the chilly winter season. Hashlabs Mining, a Bitcoin mining infrastructure company, has launched a unique project that utilizes specially designed mining devices to generate heat. By combining the heat produced by hydro-cooled ASIC mining devices with the Finnish district heating system, households can now benefit from industrial Bitcoin mining. This project aims to leverage Finland's nuclear power plant to produce heat with the help of Bitcoin miners. The hot water generated by the mining devices, reaching temperatures of 70 degrees Celsius, is used to replace traditional heat sources like biomass and peat in district heating. This innovative approach is set to revolutionize the energy landscape in Finland, offering a more sustainable and efficient way to heat homes. Stay tuned for more updates on this evolving project. Read more AI-generated news on: https://app.chaingpt.org/news

Numerous crypto whale wallets, holding assets ranging from six to seven figures, are currently trapped in various decentralized finance (DeFi) bridge contracts. Notably, Ethereum co-founder Vitalik Buterin's wallet has over $1 million stuck for more than seven months. Other wallets have remained unclaimed for up to two years. Arkham Intelligence's report reveals that several whale addresses associated with prominent crypto figures are affected. DeFi bridge contracts facilitate asset and data transfers between different blockchain networks, enhancing DeFi ecosystem interoperability. However, differences exist among DeFi bridges; while some automatically transfer assets across chains, users of native bridges must manually retrieve their funds. Instances include thomasg.eth's $800,000 stuck in Arbitrum Bridge for almost two years and Bofur Capital's 27 wrapped Bitcoin worth $1.8 million stuck for over two years. Arkham advises account owners to claim their funds promptly to avoid forgetting about them. Read more AI-generated news on: https://app.chaingpt.org/news