The Prodigious Prospects of Decentralized Finance: Get Rich by Playing the No-Lose Lottery of PoolTogether!
PoolTogether is an Ethereum application that has turned saving money into a game. It is an entirely new concept that combines blockchain technology and Decentralized Applications (Dapps) with the aim of creating an open-source and transparent financial service ecosystem. Players can join the game by buying saving tickets, and at the end of each week a few winners get...
Bitcoin Price Drops Below $27K as Fed, Powell Focuses on Inflation
Bitcoin (BTC) dropped below $27,000 after the U.S. Federal Open Market Committee (FOMC) raised interest rates by a quarter point, as expected. Fed Chair Jerome Powell said the FOMC is "strongly committed" to returning inflation to their 2% objective. However, the FOMC also acknowledged this month's banking near-meltdown, saying that it is likely to result in tighter credit conditions...
AGI Revolution: How AI Could Upend the World
Experts warn that AGI (Artificial General Intelligence) could revolutionize the way people work, freeing them from mundane tasks and ushering in a new era of creativity. However, this could also threaten jobs and raise social issues that may be difficult to address. AGI is different from more narrow artificial intelligence, such as ChatGPT, as it has human cognitive abilities....
Is the Singularity Here?
The Singularity, the point when human and machine merge, is closer than we think. According to two experts in the tech field, the Singularity is right upon us. This dystopian future, where the distinction between personal and technological breaks down, is no longer far off. The experts warn that the Singularity is here and that it will have a...
U.S. Senator Warren Calls for Crypto Auditing Crackdown
Sen. Elizabeth Warren (D-Mass.) and Sen. Ron Wyden (D-Ore.), chair of the Senate Finance Committee, have urged the U.S. auditing watchdog, the Public Company Accounting Oversight Board (PCAOB), to take action against “sham audits” of crypto companies. The PCAOB, which is authorized and overseen by the U.S. Securities and Exchange Commission (SEC) and funded by audited public companies, acknowledged...
Exploring the Power of Asset Allocation and Diversification: Modern Strategies for Maximizing Your Portfolio Returns and Minimizing Risk!
Asset allocation and diversification are key concepts in modern money management. They bring together traditional asset classes such as stocks, bonds, and cash, as well as alternative asset classes such as real estate, commodities, derivatives, and cryptocurrencies. By spreading risk across multiple investment types, investors can minimize downside, reduce volatility, and give themselves a greater chance of reaching their...
Cracking the Cryptoeconomics Cipher: From Byzantine Generals to Bitcoin Mining to Reducing Network Vulnerabilities
Cryptoeconomics is a relatively new field of science whose aim is to improve the design of decentralized networks through the combination of economic incentives and cryptography. This is achieved by creating systems that align the interests of participants in order to achieve consensus and make the system resilient and secure. The benefits of cryptoeconomics are distinct from those of traditional...
Gods in the Machine: AI and the Rise of New Religions
As technology advances, so too does our faith, as we prepare to welcome a new religion devoted to the worship of Artificial Intelligence. The latest generation of AI-powered chatbots, trained on large language models, have left their early users feeling awe and sometimes fear due to their power. This is similar to the emotions experienced when encountering the divine....
Americans Bid for Bitcoin as Safe Haven: Matrixport
The fractional reserve banking system's limitations have been exposed by recent bank failures in the U.S., strengthening the case for investing in Bitcoin (BTC). According to crypto services provider Matrixport, American buyers are leading the safe haven bid for the cryptocurrency. Bitcoin has seen a 40% rally in ten days, reaching a nine-month high of $28,000, according to CoinDesk...
Bet on First Day Price Action with Arbitrum Put Options
Traders are taking advantage of the upcoming Arbitrum (ARB) token claim event on Thursday by purchasing puts on ARB with strike prices of 50 cents, $1, $2, $4, $8 and $16 on decentralized marketplace Clober. These derivative markets have seen over $50,000 in trading volumes in the past 24 hours, indicating a high level of interest in the token....
