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The automotive giant is exploring DAO tools and blockchain integration to improve company operations. Automotive giant Toyota is delving deeper into blockchain use cases through its involvement with a Web3 hackathon for decentralized autonomous organization (DAO) developers. On Feb. 1, multi-chain smart contract and decentralized application (dApp) network Astar announced its inaugural Web3 hackathon. The news of note, however, was that it's being supported by the Toyota Motor Corporation. Founder of the Astar Network, Sota Watanabe, commented on the significance of Toyota’s involvement in the initiative: “During the event, we aim to develop the first PoC (Proof of Concept) DAO tool for Toyota’s employees. If a good tool is produced, Toyota employees will interact daily with products on Astar Network.” It is Toyota’s first Web3 event as the multinational vehicle company looks to emerging technology to “support its vision of improving the company’s operations,” the announcement not...

The artificial intelligence chatbot has become a viral sensation since its release in December of 2022. Now, with its full capabilities being put to the test, OpenAI is training ChatGPT to eventually replace software engineers, according to a new report. Semafor initially reported the hiring of hundreds of contractors to help to teach the technology. Moreover, OpenAI is pursuing an avenue to make basic coding practices essentially obsolete. Thus, eventually eliminating the need for human coders within the industry. Source: Forbes ChatGPT Capabilities Continue to Grow It is immensely difficult to understate the viral sensation that ChatGPT has become. An artificial intelligence chatbot developed by OpenAI, the technology has blown people away due to the seemingly endless capabilities it possesses. Whether it be the elimination of freelance writing or more complicated functionalities, the program is passing nearly every test. Subsequently, it is being taught to continue expan...

Source: TradingView The dogecoin price has jumped by 8% today, rising to $0.092839 after reports yesterday that Twitter owner Elon Musk is determined to move ahead with integrating payments into the social network. DOGE is now up by 11% in a fortnight and by 32% following the news, with the market expecting that the meme token will be one of the chief beneficiaries of Twitter's crypto play. The market has long expected that Twitter will one day see dogecoin payments, and if this expectation is realized, there's no doubt that DOGE will rally massively as a result. However, the latest reports make no explicit mention of dogecoin itself, and with Twitter also reportedly working on its own digital currency, there's no guarantee that the social network will embrace DOGE. Dogecoin Price Prediction as Elon Musk Reveals He is Considering Crypto Payments for Twitter – Can DOGE Hit $1? DOGE's chart makes it clear that the altcoin is enjoying a breakout rally r...

Join Our Telegram channel to stay up to date on breaking news coverage Popular YouTuber Cryptology News reviewed a new Play-to-Earn crypto Meta Masters Guild that has raised $2.05 million in its token presale. The Meta Masters Guild is one of the most talked-about P2E crypto initiatives right now, because of the cutting-edge attributes it offers for the Web3 gaming industry. Many individuals are expressing interest, which is why Meta Masters Guild’s tokens are selling out quickly during their ongoing presale. Cryptology News Meta Masters Guild Exploration Meta Masters Guild is the first mobile-focused web3 gaming realm that aims to radically transform the dynamics that drive the Play-to-Earn ecosystem. The goal of the project is to create high-quality blockchain-based mobile games in order to establish a decentralized gaming community. Players who are part of this community will have the opportunity to earn long-term incentives in exchange for the contributions the...

The bill clarifies that state agencies can legally agree to accept cryptocurrency payments and that these agreements should be enforced by the courts. A bill introduced to the New York State Assembly on Jan. 26 would allow state agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees and other payments charged by the state. JUST IN: A New York Senate has introduced a bill to allow #Crypto as a form of payment — Interpret Crypto (@interpretcrypto) January 27, 2023 New York State Assembly Bill A523 was introduced by Democratic Assembly Member Clyde Vanel, who is often seen as a crypto -friendly politician. It allows state agencies to enter into “agreements with persons to provide the acceptance, by offices of the state, of crypto currency as a means of payment ” for various types of fees, including “ fines , civil penalties, rent, rates, taxes , fees, charges, revenue, financial obligations or other amounts, including penalties, special ass...

Matrixport’s head of research and strategy suggests the industry will soon see layer 1 and other altcoins outperforming relative to Bitcoin. Institutional investors are “not giving up on crypto,” with recent data pointing to as much as 85% of Bitcoin buying being the result of American institutional players, according to Matrixport’s chief strategist.  Markus Thielen, the head of research and strategy at the financial services firm, told Cointelegraph the evidence shows that institutions are not “giving up on crypto” and is an indicator that we might be entering a new “crypto bull market now.” The data was shared in a Jan. 27 report from Matrixport, which suggests that it can be distinguished whether a digital asset is more favorable by retail or institutional investors at any given time based on whether that asset is performing well in the United States or Asian Trading hours. The report stated that if an asset that trades 24 hours “performs well” during U.S. trading hours, it indi...

“It’s about taking inspiration from what we’ve done.” Lugano’s Plan B hopes to drive Bitcoin adoption dialogue at future World Economic Forum conferences. The World Economic Forum (WEF) convenes in Davos annually, taking over the Swiss skiing town. The main promenade is flush with events and companies renting out properties, with an increasing presence from companies in the cryptocurrency and blockchain space. The entrance to the WEF compound is restricted by cement barriers and security personnel, drawing an invisible line between the conference and the rest of Davos. Curiously, the last building on the fringe of the conference was branded with familiar logos, that of Polygon and the ever-recognizable Bitcoin (BTC) symbol. Cointelegraph stumbled upon Pietro Poretti while shooting footage of the Bitcoin logo emblazoned on the Tech Lodge stand. Poretti is the director of Lugano’s Economic Development department. This Swiss city has opened up BTC and crypto payments for various municip...

The Wall Street Journal reported that Elon Musk is in talks to raise $3 billion to pay off the substantial Twitter debt looming over the platform. The report states that Musk is exploring potential fundraising in an effort to begin paying back some of the $13 billion in debts that are connected to the social media platform. The report notes that Musk and his representatives have been in talks to sell up to $3 billion in Twitter shares. Adding that people close to the matter have cited discussions as far back as December. Conversely, Musk has taken to Twitter to deny the report. Source: MacRumors Musk Seeking Sale of $3 billion in Twitter Shares Since his $44 billion acquisition of the platform months ago, it has not been an easy road for Elon Musk ’s new Twitter . The controversy surrounding mass layoffs, and the highly publicized development of the subscription service have all been a constant aspect of the platform since his ownership. A massive part of his early per...

Steven Cooper , the CEO of Bigger Entertainment took to Twitter to mention Shiba Inu after nearly nine months, only to call it a scam. Cooper had worked relentlessly to ‘burn’ SHIB tokens through his music playlists and merchandise between 2021 and 2022. He dedicated significant effort and energy to removing SHIB tokens from circulation. Also Read: Exclusive: ‘Here’s What I’ll Do When Shiba Inu Reaches $0.01′ Source: Twitter / Steven Cooper Bigger Entertainment was among the biggest ‘burners’ of SHIB back then and it did its best in helping to reduce its circulating supply. However, things turned downhill as he parted ways in April last year citing that the Shiba Inu team is unprofessional with little to no work ethic. You can read more details about the fiasco here for a better understanding of the rundown that occurred in 2022. The community fired back at Cooper but the CEO confirmed that he never profited off of SHI...

Source: Butenkow/Adobe The United States Federal Bureau of Investigation (FBI) has blamed North Korean hackers for the attack last year on the cross-chain bridge provider Harmony. The Harmony Horizon bridge was compromised in June 2022, with hackers making off with $100 million worth of crypto. The FBI, Reuters and Yonhap reported, blamed “two hacker groups associated with North Korea” for the breach: namely the Lazarus Group and APT38. And the bureau claimed that on January 13, the groups “used a privacy protocol called Railgun to launder over $60 million” worth of their funds. It claimed that a “portion” of the ethereum (ETH) stolen in the raid “was subsequently sent to several virtual asset providers and converted to bitcoin.” Railgun is an anonymizing tool that grants certain levels of privacy protection to transactions. Earlier this month, the head of the crypto exchange Binance claimed the platform had stopped a h...

The deadline for bidders to submit offers for the Bitcoin-machine-backed loans is set for Jan. 24. Bankrupt crypto lending firm BlockFi has plans to sell off $160 million in loans backed by around 68,000 Bitcoin mining machines as part of bankruptcy proceedings, according to reports. In a Bloomberg report on Jan. 24, two people “familiar with the matter” claim that BlockFi started the process of selling off the loans last year. The crypto lender filed for Chapter 11 bankruptcy in Nov. 2022, citing its significant exposure to the now-defunct crypto exchange FTX for its downfall. However, some of these loans have already defaulted since then and could be undercollateralized given the decline in the price of Bitcoin mining equipment, according to the sources, adding the last day for bidders to submit offers for the loans is Jan. 24. In comments to Cointelegraph, crypto lawyer Harrison Dell, director at Australian Law firm Cadena Legal explained that if Bitcoin Mining equipment used as co...

As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to 6.5%, and many experts predict it will decrease further. However, economist Mohamed El-Erian of the University of Cambridge believes inflation will become “sticky” in midyear, around 4%. The central bank, on the other hand, is primarily focused on reducing inflation to 2%. 5% Is the New 2%: Tight Monetary Policy and Interest Rate Hikes Unable to Curb Inflationary Pressure Members of the Federal Reserve, including its 16th chair, Jerome Powell, have frequently stated that the bank’s goal is to bring inflation down to 2%. Powell has emphasized that the Federal Open Market Committee’s (FOMC) “overarching focus right now is to bring inflation back down to our 2% goal.” To tame inflation, the central bank has used its monetary tightening policy and in...

Cryptocurrency lender Genesis officially filed for Chapter 11 bankruptcy on January 20, 2023. It was revealed that the cryptocurrency lender owed its creditors over $3 billion. Moreover, the SEC charged Genesis for the sale of unregistered securities. Thus, the bankruptcy decision was made. New information has surfaced regarding cryptocurrency lender Genesis , according to details obtained by CNBC. The details revealed that three former employees of Genesis claimed to have raised millions of dollars for a new cryptocurrency hedge fund. Read more: Shiba Inu Burn Rate Plummets Despite Recent Spike, Here’s Why Source: Tradingview Hunting Hill Digital, the fund by former Genesis employee The cryptocurrency hedge fund called Hunting Hill Digital was the idea of Matt Ballensweig, who worked for the cryptocurrency lender for over five years. Ballensweig sent a message to an investor in December regarding the details of the fund. The message stated that Ballensweig had r...

Join Our Telegram channel to stay up to date on breaking news coverage Navigating the crypto market isn’t easy lately as most of the well-known tokens are turning out to be quite appealing, making investment decisions confusing. To help you with that, we’ve compiled a few names of tokens that made the biggest gains, along with some projects that could potentially turn out to be super lucrative. So, let’s get started.   Biggest Crypto Gainers Today, January 20 1. Ravencoin (RVN) Ravencoin is a decentralized, open-source blockchain project that was launched in 2018 with the goal of enabling anyone to issue tokens on its network. The coding infrastructure of Ravencoin is based on a fork of Bitcoin, and the project offers token issuers an alternative to smart-contract-centric blockchains such as Ethereum.   Ravencoin’s main advantage over other platforms is its decentralization-friendly consensus mechanism and security model. The Ravencoin proje...