Magic Leap recently announced a strategic technology partnership with Google to develop new extended reality technologies. Despite Google's recent downsizing of its AR/XR teams and Magic Leap's past failures, this collaboration could bring about new competition for Apple and Meta in the metaverse hardware and experiences. The partnership aims to combine Magic Leap's optics capabilities with Google's infrastructure to advance immersive experiences. While no specific products or services have been announced, speculations suggest a new AR/XR headset may be in the works. The motive behind Google's involvement remains unclear, with possibilities ranging from acquiring patents to avoiding falling behind competitors. This partnership signifies a potential shift in the AR/XR market landscape, introducing fresh competition and innovation. Read more AI-generated news on: https://app.chaingpt.org/news

The US Navy is partnering with private companies through a cooperative research and development agreement (CRADA) to enhance its proprietary blockchain technology called PARANOID. Developed by the Naval Air Warfare Center, PARANOID secures software against cyber threats during development and deployment by utilizing blockchain technology. Every action taken by developers is recorded on the blockchain, ensuring the integrity of the software. The Navy is now offering private sector firms the opportunity to further research and develop the PARANOID system. This initiative aims to enhance software security in various industries. This collaboration follows previous engagements by the US military with blockchain technology, including agreements with SIMBA Chain for securing supply chains. The Navy's move signifies a growing interest in leveraging blockchain for enhancing security measures in software development and supply chain management. Read more AI-generated news on: https://app.chaingpt.org/news

CryptoQuant's Ki Young Ju noted similarities between current Bitcoin market activity and mid-2020 trends. Despite low volatility, on-chain activity remains high, with $1B daily added to new whale wallets. This echoes 2020's accumulation phase, leading to BTC surging to $64,000 by April 2021. Ki's comparative chart shows significant movement into BTC, hinting at potential accumulation by whales. Community responses varied, with some questioning a breakout timeline and others noting stagnant prices despite accumulation. In 2020, BTC stabilized around $10,000 for months, with increased on-chain activity attributed to OTC deals. Ki's comparison of 2024 vs. 2020 dynamics suggests a similar lead-up to a bull run. Analysts believe BTC is nearing new ATHs, with current low volatility seen as healthy price action amidst ongoing accumulation. Read more AI-generated news on: https://app.chaingpt.org/news

Match Systems CEO Andrey Kutin revealed that digital evidence, including a device fingerprint, exposed the attacker behind the $68 million Wrapped Bitcoin (WBTC) theft. The attacker's lack of compliance with KYC and AML regulations made it challenging to definitively identify them. However, through secondary evidence, it was evident that negligence led to the stolen funds falling into their hands. The victim, initially confused by a fake transaction, sent $68 million worth of WBTC to the attacker, resulting in a 97% loss. Match Systems facilitated negotiations that led to the return of most funds. By leveraging digital evidence like IP addresses and device fingerprints, the team convinced the attacker to return the stolen funds. While the attacker remains unpunished, the victim recovered their funds, highlighting the importance of due diligence in crypto transactions to prevent such attacks. Read more AI-generated news on: https://app.chaingpt.org/news

Argentinian authorities are seeking to collaborate with officials in Bitcoin-friendly El Salvador to boost their adoption of the leading digital asset. The Argentinian National Securities Commission (CNV) reported that its president and vice president met with El Salvador's National Digital Assets Commission (CNAD) president to discuss Bitcoin adoption. They discussed the global use of cryptocurrencies and El Salvador's experience with Bitcoin. Argentina aims to strengthen ties with El Salvador and explore collaboration opportunities. El Salvador, the first country to recognize Bitcoin as legal tender, has implemented various Bitcoin projects and holds a significant amount of BTC. Argentina is also becoming more Bitcoin-friendly, with recent developments legalizing Bitcoin use in contracts and establishing a regulatory body for the local crypto sector. Read more AI-generated news on: https://app.chaingpt.org/news

Pepe (PEPE) has hit a record high of $0.00001717 with a market cap exceeding $7 billion, making it the 21st largest cryptocurrency. Its 24-hour trading volume surpassed $1.8 billion, outperforming meme coins like Dogecoin and Shiba Inu. Despite a slight pullback, Pepe's price remains around $0.00001676, marking an 80% increase in a week and a 1,000% surge since last May. The token's market cap has soared, surpassing $7 billion and overtaking altcoins like Litecoin and Polygon. Pepe is now the third-largest meme coin, trailing Dogecoin and Shiba Inu, but leading in trading volume. Binance has responded to the rally by adding the PEPE/EURO trading pair and trading bot services. Users on Crypto X believe Pepe's bull run is far from over, with some seeing it as undervalued and still in its early stages. While profitable, investing in meme coins like Pepe carries significant risks due to their volatility. Read more AI-generated news on: https://app.chaingpt.org/news

June typically sees a lull in game releases due to the absence of the Electronic Entertainment Expo. However, with the rise of Summer Games Fest, this trend is changing. This June, gamers can anticipate the highly awaited expansion of Elden Ring, Destiny 2's Final Shape, Star Wars: Hunters, and Killer Klowns from Outer Space adaptation. Additionally, Still Wakes the Deep offers a narrative horror experience, while Elden Ring: Shadow of the Erdtree promises a massive expansion. Luigi's Mansion 2 HD brings cooperative multiplayer to the Nintendo Switch. These games cater to various preferences, from horror to action-packed adventures. As the gaming industry evolves, the inclusion of crypto and blockchain elements in future releases may offer new and exciting gameplay experiences for enthusiasts. Read more AI-generated news on: https://app.chaingpt.org/news

Cardiff, UK, May 26th, 2024 - On May 20, 2024, the Bitcoin Layer2 development team BEVM introduced the technical yellow paper titled “Taproot Consensus: A Decentralized BTC Layer2 Solution.” This paper outlines the implementation of Taproot Consensus, utilizing Bitcoin technologies like Schnorr signatures, MAST, and Bitcoin SPV nodes to create a fully decentralized BTC Layer2 solution. Taproot Consensus marks a significant advancement in native Bitcoin scalability by creatively combining existing Bitcoin technologies without altering the core code. The yellow paper delves into the history of Bitcoin's technical iterations, the Taproot Consensus solution overview, and a detailed explanation of its architecture. By integrating Schnorr signatures, MAST, Bitcoin SPV nodes, and Aura+Grandpa Byzantine fault-tolerant consensus mechanisms, Taproot Consensus offers a highly secure and consistent decentralized Layer2 scalability solution, enhancing Bitcoin's network scalability and usability. Read more AI-generated news on: https://app.chaingpt.org/news

A British-Chinese woman, Jian Wen, has been sentenced to over six years in prison for her involvement in a bitcoin money laundering scheme. Wen's actions came to light when she tried to purchase luxury homes in London using funds from an investment fraud operation in China. The investigation led to the seizure of 61,000 bitcoins, valued at over $4 billion, making it the UK's largest crypto seizure. Despite declaring minimal income, Wen lived lavishly in London and made extravagant purchases. While not directly involved in the initial fraud, Wen was found guilty of converting bitcoins into cash for her boss. This case highlights the increasing use of cryptocurrencies by criminals to conceal illicit activities, as stated by Chief Prosecutor Andrew Penhale. The incident underscores the vast criminal proceeds accessible to fraudsters through cryptocurrency transactions. Read more AI-generated news on: https://app.chaingpt.org/news

OKX has announced the discontinuation of its centralized cryptocurrency trading services for Hong Kong residents starting May 31, 2024, in compliance with regulatory requirements. The decision to withdraw its virtual asset service provider (VASP) license application was attributed to a reevaluation of its business strategy. Customer funds are secure, and withdrawal services will continue as usual. After the deadline, Hong Kong customers can only withdraw funds, not trade or deposit. OKX's Web3 self-hosted wallet services will remain accessible. Users are advised against depositing funds post-deadline, with open orders to be canceled. OKX, along with other applicants, withdrew VASP license applications in Hong Kong. Only two exchanges have received approval to operate legally. This decision follows OKX's cessation of services in India due to regulatory issues. Read more AI-generated news on: https://app.chaingpt.org/news

Google's latest AI-powered search results have stirred controversy due to inaccurate and potentially harmful information. The introduction of AI tools under the 'Gemini Era' has led to significant changes in search results, with natural language answers displayed prominently. However, these answers can be misleading, sourced from unreliable platforms like social media and satirical sites. Users have reported receiving dangerous advice from Google's AI, such as suggesting jumping off the Golden Gate Bridge to deal with depression. The AI's reliance on Reddit data has also resulted in absurd responses, including endorsing the consumption of rocks by children. While some misleading examples have been corrected, concerns remain about the AI's tendency to generate false information. This highlights the importance of ensuring accurate and reliable data sources, even in the world of cryptocurrency and blockchain technology. Read more AI-generated news on: https://app.chaingpt.org/news

Mistral, a prominent open-source AI developer, recently unveiled an upgraded version of its large language model (LLM) with enhanced features. The new Mistral 7B v0.3 model, available on the HuggingFace platform, offers uncensored responses and improved performance. Additionally, Canadian AI developer Cohere introduced an updated multilingual model, Aya, joining Mistral and Meta in the open-source domain. Mistral's latest release includes base and instruction-tuned checkpoints, expanding its token context size for better text processing. Noteworthy features like function calling enable Mistral models to interact with external functions and APIs, enhancing their versatility. Cohere's Aya 23, optimized for 23 languages, outperforms its predecessors in various tasks and is available in 8B and 35B parameter sizes. These advancements in AI models, tailored for the crypto world, promise improved efficiency and effectiveness for multilingual projects. Read more AI-generated news on: https://app.chaingpt.org/news

Ondo Finance, a platform supported by Pantera Capital, experienced a significant surge in the value of its ONDO token, climbing nearly 20% to reach $1.15 on May 24, 2024. This surge was largely attributed to Coinbase listing ONDO on its perpetual market. The ONDO token's market capitalization surpassed $1.6 billion, with a peak TVL of $453 million on May 21. Large transaction volumes for ONDO increased by 52.3%, with most holders in a profitable position. The price of ONDO fluctuated between $0.97 and $0.69 before breaking out with a 10% rally to $1.05. The approval of spot Ethereum ETFs by the SEC also contributed to ONDO's performance. Coinbase's addition of ONDO to its perpetual market further fueled the rally. Market traders have issued bullish calls for ONDO, considering it a promising investment option. Read more AI-generated news on: https://app.chaingpt.org/news

The family of F1 legend Michael Schumacher has successfully sued a magazine for publishing a fake AI-generated interview. The German weekly magazine Die Aktuelle used generative AI to create an interview with Schumacher, leading to a lawsuit. The family was awarded $217,000 in damages, with the publisher issuing an apology. This incident highlights the controversial use of AI to create fake content of celebrities. In a related development, OpenAI faced criticism for a chatbot voice resembling actress Scarlett Johansson. The U.S. FCC proposed a rule requiring disclosure of AI-generated content in political ads for transparency in the 2024 elections. The Schumacher family's victory underscores the importance of protecting privacy and authenticity in the digital age. Read more AI-generated news on: https://app.chaingpt.org/news

The Bitcoin mining difficulty has risen by 1.44%, reaching 84.38T after a previous drop to 83.14T on May 9th. This increase comes as Bitcoin's price surged above $70,000, indicating more challenging conditions for miners. The difficulty adjustment, occurring every two weeks, aims to maintain a consistent block production time. The upcoming adjustment on June 4th is projected to raise the difficulty by 10.9%. Despite the price recovery and recent halving event reducing block rewards, miners face higher operational costs and the need for efficient hardware. Following a significant drop in mining difficulty earlier this month, some miners benefited from reduced costs. Miner revenues briefly declined post-halving but have since recovered, with hash rate currently at 590 EH/s. The approval of spot Ethereum ETFs and rising crypto prices have contributed to this resurgence in miner profitability. Read more AI-generated news on: https://app.chaingpt.org/news

The U.S. Federal Communications Commission (FCC) has proposed that political ads created using artificial intelligence (AI) must be clearly labeled. This comes after an AI-generated robocall targeted voters in New Hampshire. The FCC suggests that political ads featuring AI content should have both on-air and written disclosures. FCC Chair Jessica Rosenworcel stated that consumers deserve to know when AI is used in political content. The rules would apply to candidate and issue ads as well as programming providers. While the policy does not ban AI-generated content, previous actions have been taken to restrict AI use, especially after an AI deepfake of President Joe Biden. Despite concerns about deceptive AI-generated deepfakes, some candidates, like Matt Diemer, are embracing AI technology to engage with voters. Major AI developers have also limited the use of their platforms for political ads to prevent misinformation. The FCC stresses the importance of monitoring AI use in political ads to prevent deceptive information from reaching voters. Read more AI-generated news on: https://app.chaingpt.org/news

AMD is making strides in the AI industry by offering an alternative to Nvidia's dominant position. At the Microsoft Build 2024 conference, AMD showcased its GPUs' capability to run powerful AI models efficiently without relying on Nvidia's technology. The company emphasized seamless compatibility with existing AI systems, highlighting its open-source ROCm framework as a CUDA competitor. By partnering with Hugging Face and providing support for running code on AMD hardware, AMD aims to attract developers looking for more options in the AI hardware market. Despite Nvidia's legal actions to protect its turf, AMD's strategy of native integration and focus on compatibility may pose a challenge to Nvidia's stronghold. With its promise of fast and efficient performance, AMD is positioning itself as a viable contender in the AI hardware landscape. Read more AI-generated news on: https://app.chaingpt.org/news

Azuki and Magic Eden have collaborated to create a groundbreaking dual-chain NFT product, the Azuki x Satoshi Nakamoto Enduro Hoodie. This limited edition hoodie, inspired by Bitcoin's creator, Satoshi Nakamoto, is tokenized on both the Bitcoin and Ethereum blockchains. Only 98 pieces are available exclusively for holders of Azuki's 'Spirits' NFTs. Each hoodie features an embedded chip enabling owners to mint corresponding NFTs on Ethereum and Bitcoin for proof of ownership. Utilizing Azuki's Physical Backed Token technology, ownership transfers require verification from the embedded chip, combining decentralized on-chain verification with off-chain ownership. The concept aims to make collecting and trading artifacts user-friendly, with the art enshrined on BTC while ownership remains on ETH. Azuki and Magic Eden's collaboration showcases the growing significance of NFTs in the crypto space, with Azuki being a prominent NFT platform and Magic Eden leading in NFT marketplace trading volume. Read more AI-generated news on: https://app.chaingpt.org/news

Bitcoin addresses with zero sales histories, known as accumulation addresses, have been actively accumulating BTC before the recent recovery. These addresses, which have never made outgoing transactions, are considered HODLers of the network. To be classified as an accumulation address, the wallet must have at least two incoming transactions within the past seven years and hold more than 10 BTC. Exchanges and miner wallets are excluded from this group. Recent data shows a significant inflow of 17,800 BTC to these addresses, coinciding with a price increase to $71,000. This accumulation by smart-money investors may have contributed to the rally. Previous spikes in accumulation also led to bullish price action. The total value of BTC held by these HODLers has now exceeded $1.24 billion, with Bitcoin currently trading at around $69,600, up 13% in the past week. Read more AI-generated news on: https://app.chaingpt.org/news

Today, May 22nd, 2024, commemorates the 14th anniversary of Bitcoin Pizza Day, a significant event that immortalized Laszlo Hanyecz in the cryptocurrency industry. In 2010, Hanyecz, a programmer from Florida and early Bitcoin user, made history by purchasing two Papa John's pizzas for 10,000 BTC. At that time, 1 BTC was valued at $0.0041, totaling $41 for the pizzas. Since then, Bitcoin's value has soared, now exceeding $70,000. Hanyecz's pizza transaction symbolizes Bitcoin's practical use as a medium of exchange, emphasizing the importance of real-world applications for network success. The industry reflects on this milestone, acknowledging Bitcoin's remarkable growth, including the approval of spot Bitcoin ETFs and the halving event. Despite progress, caution is advised due to the rise of malicious actors exploiting meme coins to deceive investors, although the current year has seen a decrease in such activities. Read more AI-generated news on: https://app.chaingpt.org/news