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Groq AI model goes viral and rivals ChatGPT, challenges Elon Musk’s Grok

The Groq AI model is gaining widespread attention on social media, challenging ChatGPT’s dominance and drawing comparisons to Elon Musk’s own model, the similarly named Grok.

Japan opens up Web3 investments for local VCs

Japan’s Ministry of Economy, Trade and Industry (METI) aims to promote the creation of new businesses and industries via increased domestic investments from limited partnership firms.

Backpack surpasses $1B in 24-hour volume, announces Banxa partnership

Cryptocurrency exchange Backpack achieves $1 billion in 24-hour trading volume and partners with Banxa to expand digital asset services.

What is Google’s Gemini?

Google’s Gemini excels in multifaceted information processing (text, code, visuals) to tackle intricate tasks across various domains.

South Korean ruling party pledges 2-year delay for crypto tax as elections loom

The ruling party argued it would take two years to establish a system that oversees crypto transactions, similar to the stock exchange.

Verkle trees promise superior Ethereum solo staking benefits, says Vitalik Buterin

Verkle trees form part of Ethereum’s post-Merge roadmap, promising smaller proof sizes and lower hardware requirements for nodes.

Open interest echoes $69K BTC price — 5 things to know in Bitcoin this week

Bitcoin market data is showing signs that the $52,000 BTC price range may not stick around much longer.

Virginia proposes $39K yearly fund for crypto and AI Commissions

The proposal allots a yearly general fund of $22,048 and $17,192 respectively to the two newly formed Commissions on artificial intelligence and cryptocurrency in the state of Virginia.

Vitalik Buterin says AI could help solve Ethereum’s ‘biggest technical risk’

Ethereum co-founder Vitalik Buterin has shared his enthusiasm for AI in helping to identify potential flaws in Ethereum’s codebase.

Grayscale’s GBTC outflows reach $7B, but data shows it’s slowing

More than $7 billion has now left Grayscale’s GBTC but there is still a whopping $23 billion in AUM.

Apple yet to remove fake Rabby Wallet app as users report being drained

The malicious app is still on Apple’s App Store four days after it was first discovered and flagged by App Store users.

Worldcoin soars 140% in a week as wallet app hits 1M daily users

The price of Worldcoin’s WLD token has surged 141% in the past seven days as the firm notched a daily active user milestone.

Curb your enthusiasm — crypto prices aren't going to move as quickly as you think

A $100,000 target for Bitcoin isn't off the table for 2024 — but it could be a slow and steady rise rather than the quick one you might be anticipating.

BNB, VET, RNDR and KAS flash bullish as Bitcoin bulls fight to hold $52K

Bitcoin could face headwinds at $52,000, but BNB, KAS, VET, and RNDR may continue to move higher.

Coinbase drops native Bitcoin payments from merchants’ platform

Coinbase Commerce will discontinue support for Bitcoin and similar UTXO coins. To use Bitcoin for payments, shoppers will need a Coinbase account.

FixedFloat confirms $26M exploit in Bitcoin, Ether

The crypto exchange team confirmed the attack on Feb. 18, a few hours after the first reports emerged on X (formerly Twitter).

What are utility NFTs, and why do they matter?

Utility NFTs are more than just collectibles; they are powerful tools for unlocking access, rewards and unique experiences.

BTC price dices with $52K as CME Bitcoin futures OI hits record $6.8B

Bitcoin open interest suggests the potential for fresh volatility as BTC price support levels become clear for the weekly candle close.

VC blockchain and crypto funding rises in Q4 2023: Report

The growing interest of financial institutions in crypto is attributed to the launch of the first spot Bitcoin ETFs in January, according to a report from PitchBook.

VanEck admits ETF marketing violation, agrees to SEC fine

The regulator noticed an undisclosed detail: the influencer’s fee was tied to the fund’s growth, guaranteeing higher compensation as the fund expanded.

Genesis GBTC sell-off will balance out in crypto market — Coinbase

Coinbase forecasts that funds from Genesis' GBTC sell-off would "remain within the crypto ecosystem," despite fears of it potentially impacting Bitcoin's price.

Aussie cop accused of stealing 81 Bitcoins during raid: Report

The Australian federal police officer denies allegations of taking Bitcoin from a hardware wallet at the crime scene and transferring it to crypto exchange Binance.

Ether staking tops $85B, US banks fighting for BTC custody slice, and more: Hodler’s Digest, Feb. 11-17

Ether staking reaches $85 billion, U.S. banks push SEC to update crypto definition, and Changpeng Zhao’s sentencing is delayed.

Bitcoin ETFs posted $2.2B net inflows over the week

BlackRock's Bitcoin ETF received most of the week’s inflows, amassing $1.6 billion in capital from Feb. 12 to 16.

Bitcoin price unlikely to hit all-time high before the halving — Here’s why

Bitcoin price might fail to top $70,000 before the April 2024 supply halving, but the longer-term projection looks positive.

FTX creditors sue bankruptcy law firm S&C alleging fraud involvement

FTX creditors are seeking damages against the law firm Sullivan & Cromwell for its prior involvement with the crypto exchange.

OpenAI’s valuation reportedly soars to $80 billion in latest deal

The firm reportedly plans to sell current shares in a tender offer allowing employees to sell their shares, differing from a standard funding round to raise capital for business operations.

Tech giants pledge to curb AI election interference

The agreement is voluntary and doesn’t go as far as a complete ban on AI content in elections.

What is a blockchain validator?

A blockchain validator verifies transactions in the proposed blocks and helps build new blocks. In return, they receive cryptocurrency.

Bitcoin mining difficulty surpasses 80 trillion ahead of halving

At its automated readjustment on Feb. 15, Bitcoin mining difficulty was due to increase by an estimated 6%.

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