This week’s top stories
The Bitcoin white paper is seemingly hiding in Apple’s modern macOS
Satoshi Nakamoto’s original white paper outlining the thesis on the Bitcoin network seemingly hides in every modern version of the Apple Mac operating system. An April 5 blog post by technologist Andy Baio revealed that a PDF document on Bitcoin “apparently has been shipped with every copy of macOS since Mojave in 2018.” Baio told Cointelegraph that he was attempting to repair his printer and scan the document when Nakamoto’s white paper first appeared. He created a prompt in Terminal that permits others to simply access the white paper.
Binance Australia derivatives license canceled by securities regulator
The Australian Securities and Investments Commission has canceled Binance Australia Derivatives’ license following a targeted review of its operations within the country. The company’s clients is not going to have the ability to extend derivatives positions or open latest positions on the platform from April 14, and existing derivatives positions have to be closed before April 21. The Australian securities regulator also revealed that it’s conducting a targeted review of the financial situation of Binance’s services business in Australia, including the classification of retail and wholesale clients. Spot trading on Binance remains to be available to Australian residents.
FTX’s philanthropic endowments have created a posh dilemma for recipients
The philanthropic arm of FTX has pledged $1 billion in donations to academics from prestigious universities. However, his team resigned after FTX filed for bankruptcy on November 11, 2022. Currently, many scholars and researchers who were early grant recipients are stuck in limbo because of the payment of further grants to their programs, while many studying on the FTX scholarship have been forced to resignation from courses because of fear of repayment. FTX Future Fund grants focused, amongst others, on research projects for the secure development of artificial intelligence, mitigation of catastrophic biological risk, improvement of institutions, economic growth, superpower relations and effective altruism.
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Elon Musk changes his Twitter icon to Doge after searching for to dismiss his lawsuit
The traditional bird mascot on Twitter was replaced on April 3 with a picture of the Shiba Inu, the icon of the favored Dogecoin meme token. The update comes two days after the CEO of the social media platform, Elon Musk, asked a U.S. judge to dismiss a $258 billion lawsuit filed by investors alleging a pyramid scheme to advertise Dogecoin. However, Musk’s lawyers argue that the “funny pictures” and “tweeting words of support” don’t constitute fraud claims. As for this week, the marketing move positively affected the value of the altcoin, with the DOGE token rising greater than 22% an hour after the icon change.
US Bitcoin reaches tentative agreement to reopen Niagara Falls mining facility
According to media reports, cryptocurrency mining company US Bitcoin Corp has reached a preliminary agreement with town of Niagara Falls that can allow it to reopen its local mining operations. A state supreme court judge ordered the closure of the plant in early March. The settlement still requires city council approval. Under the potential deal, the corporate may have to pay town $150,000 in fees and $180,000 in legal costs and latest application fees, in addition to a $1 million high-quality. US Bitcoin Corp must also implement measures to cut back noise at the ability, including constructing a noise-dampening wall and submitting to third-party monitoring.
Winners and losers
Bitcoin at the top of the week (BTC) is at $27,928Ether (ETH) On $1857 AND XRP On $0.51. The total market capitalization is $1.18 trillion, According to to CoinMarketCap.
Among the highest 100 cryptocurrencies, the three biggest altcoins gaining the week are Injective (INJ) at 21.19%, Enjin coin (ENJ) at 17.75% and a basic attention token (BAT) at the extent of 9.19%.
The top three altcoin losers of the week are Mask Network (HOOD) -15.39%, stacks (STX) at -14.84% and Arbitrum (ARB) -13.88%.
For more information on cryptocurrency prices, read the Cointelegraph Market Analysis.
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Most Memorable Quotes
“Creators deserve an award for his or her original work getting used by AI engines that attack the style and tone of not only journalists but […] musicians, writers, poets, historians, painters, filmmakers and photographers.
Michal Millerexecutive chairman of News Corp Australia
“The purpose of the CBDC throughout the payment system in Peru is to supply the unbanked population with access to digital payments.”
Central Reserve Bank of Peru
“How can we oversee corporations that haven’t any physical borders? We have to think more about how one can do that [international coordination] could possibly be effective in regulating the world of cryptocurrencies.”
Elizabeth McCulmember of the supervisory board of the European Central Bank
“As investors adapt to volatility, they’re diversifying their portfolios and adding more progressive products. Even with a turbulent yr in crypto, interest has not completely cooled down.”
Brown Brothers Harriman
“The possibilities Web3 offers are vast and limited only by our imagination.”
Rafik Haiderglobal marketing director at OKX
“Artificial intelligence technology and its impact on privacy is a priority for my office. […] We have to sustain with and stay ahead of rapidly changing technological advances.”
Philippe DufresneCanadian Privacy Commissioner
Weekly forecast
Bitcoin Rests at $28,000 as US Jobs Data Boosts New Fed Rate Hike Bets
The price of Bitcoin at the top of the week remains to be hovering around $28,000 because the BTC/USD pair avoided volatility within the previous days. The long-awaited non-farm payrolls data within the US were barely below expectations on April 7, indicating a slower rise in unemployment than expected.
The data also fueled market expectations that the Federal Reserve would proceed to boost rates of interest to fight inflation – on the expense of crypto and dangerous assets.
Michaël van de Poppe, founder and CEO of trading company Eight, summed up his expectations. “Bitcoin stays in a dull way of thinking. Consolidation has been happening for weeks while old altcoins are breaking out,” he noted. “I’m still on the lookout for support here that should hold $27,600. If that’s lost, $25,000-25,400 seems likely. Holding here by NFP -> $30,000 on.
FUD of the week
US state regulators announce $10 million settlement with Robinhood ‘for failing investors’
The California Department of Financial Protection and Innovation announced a settlement with cryptocurrency and equity trading platform Robinhood, with as much as $10.2 million in penalties for “operational and technical failures that hurt high street investors.” The platform suffered a series of system outages in March 2020, causing users to lose trades while lots of its services were unavailable. The platform outages prompted a number of the affected users to file a category motion lawsuit against Robinhood. The US Financial Industry Regulatory Authority also fined the corporate roughly $70 million for causing “widespread and significant harm” to 1000’s of users.
Sentiment recovers $870,000 after negotiating with a hacker
The Sentiment loan protocol managed to recuperate over $870,000 in stolen funds, offering a $95,000 reward to the hacker. The protocol was used on April 4, with losses near $1 million. As a part of the blockchain transaction, Arbitrum Sentiment sent a message to the hacker offering $95,000 if the funds are returned by April 6 and urging the hacker to “do the correct thing”. Community members criticized crypto corporations for not taking bug bounties seriously and praised the hacker’s efforts for “taking him by force”.
OpenAI is facing a Canadian privacy probe over the gathering of non-public information
OpenAI, the maker of the substitute intelligence chatbot ChatGPT, is under investigation by the Canadian Privacy Commissioner for allegedly collecting and using personal information without consent. The Canadian investigation comes as Germany, France, Ireland and Spain consider possible actions against AI after ChatGPT was temporarily blocked in Italy. In the US, the Center for Artificial Intelligence and Digital Policy (CAIDP) filed a grievance with the Federal Trade Commission on March 30 in an try to stop powerful AI systems being made available to consumers.
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Bitcoin in Senegal: Why is that this African country using BTC?
From the ashes of fraud, meddling by foreign interests, and traffic jams, the country is evolving right into a thriving circular bitcoin economy.
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