South Korea is taking proactive measures to address the surge in crypto-related crimes and fraud cases by considering the elevation of its Joint Virtual Asset Crime Investigation Unit to an official department. The Ministry of Justice and Ministry of the Interior and Security are poised to commence discussions in early May regarding this transition. Currently The post South Korea Announces Crackdown On Crypto Crimes With Investigative Unit appeared first on CoinGape .
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Pro XRP Lawyer John Deaton Calls for Gary Gensler’s Resignation
John Deaton, a pro-XRP lawyer, has called for the resignation of SEC Chairman Gary Gensler. This demand comes amid legal squabbles and criticisms of the SEC’s approach to cryptocurrencies’ regulation and enforcement. John Deaton Advocates for SEC Leadership Change Following a ruling where the SEC was penalized $1. 75 million for misleading conduct in the The post Pro XRP Lawyer John Deaton Calls for Gary Gensler’s Resignation appeared first on CoinGape .
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OpenAI Lines up GPT-4 Successor Amid Safety Concerns
OpenAI is training a new AI system to succeed GPT-4 as the company looks to score a reputational reboot. The model will be preceded by a safety and security committee led by CEO Sam Altman and three other board directors. Also read: ChatGPT Still Spreads Falsehoods, Says EU Data Watchdog The San Francisco-based company is
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AI Project Worldcoin Faces Scrutiny Over Biometric Data Collection Amid Privacy Concerns
The rapid adoption of Worldcoin, an AI-centric identification project with its own cryptocurrency, has raised alarms among privacy advocates and regulators. The project claims over 5 million individuals have participated in scanning their irises via a silver sphere, resembling a bowling ball. In return, users receive online ID verification and are rewarded 25 WLD, approximately $115 in value. By April 11, Worldcoin’s World App had garnered over 10 million sign-ups. Sam Altman, the founder of Worldcoin and CEO of OpenAI, stated the project aims to create “a global financial and identity network based on proof of personhood,” essential in an
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El Salvador and Cathie Wood To Boost Capital Markets Using Bitcoin
El Salvador’s President Nayib Bukele has collaborated with Cathie Wood, CEO of ARK Invest, to explore Bitcoin’s (BTC) potential to enhance the country’s capital markets and promote technological innovation. This partnership aligns with El Salvador’s ongoing efforts to solidify its position as a leading player in the blockchain and cryptocurrency sectors, potentially drawing global investors The post El Salvador and Cathie Wood To Boost Capital Markets Using Bitcoin appeared first on CoinGape .
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Breaking Barriers: Dogecoin Could Double If Key Resistance Crumbles – Analyst
Dogecoin (DOGE) is currently at a pivotal juncture, confronting substantial resistance levels that could significantly impact its future price trajectory. Crypto analyst Ali highlights a critical resistance zone on DOGE’s chart. Despite the asset’ currently facing a price decline, Ali noted that should the Dogecoin price break above this key resistance, we could see a massive rally for the memecoin. Related Reading: Dogecoin Bulls On The Rise: Analyst Highlight Path To $0.2 DOGE’s Decisive Battle: Overcoming Critical Resistance for Potential Price Surge In a post published on May 28, Ali highlighted a critical resistance zone between $0.166 and $0.171, notably bolstered by the collective holdings of approximately 10 billion DOGE held by 75,500 addresses. This significant aggregation of Dogecoin at these specific price points forms a strong barrier, complicating the asset’s ability to surge in value. Ali posits that if Dogecoin can effectively surpass this resistance, it may trigger a substantial price surge. Breaking through this level could lead to doubling its current price, setting the stage for an assault on the next major resistance mark at $0.322. #Dogecoin is encountering significant resistance between $0.166 and $0.171, where 75,500 addresses have acquired nearly 10 billion $DOGE. However, once this barrier is overcome, #DOGE has the potential to double, with the next key resistance around $0.322 pic.twitter.com/p02Cks63EI — Ali (@ali_charts) May 28, 2024 This scenario presents a potentially lucrative opportunity for investors but also requires navigating a densely packed zone of accumulated holdings that could stall or propel Dogecoin’s ascent in the market. The importance of this resistance zone is further magnified by current market conditions, where Dogecoin has experienced a correction, decreasing by 4.9% in the past 24 hours and settling at a trading price of $1.633. This downturn is part of a broader altcoin retreat. Dogecoin’s open interest declined by 8.26% over the past day, although its open interest volume surged nearly 20% in the same period. Other Predictions And Market Sentiment Around Dogecoin Despite the immediate challenges, some analysts remain optimistic about Dogecoin. Mags, a noted crypto analyst, has recently predicted a potential 700% increase in Dogecoin’s price, propelling it above the $1 mark. This bullish forecast is supported by recent improvements in Dogecoin’s on-chain metrics, suggesting a robust recovery and promising prospects for the meme coin. Related Reading: Dogecoin Whales On The Move: Transactions Surge More Than 50% Amid ETF Speculation Mags shared his enthusiasm on X, indicating his investment in DOGE over the past few months in anticipation of significant gains. $DOGE about to go parabolic.. Last cycle, I shared Dogecoin before it went up by 170x. I’ve been accumulating Dogecoin for the past few months and my bags are loaded. I’m expecting a 7x return this cycle. See you at $1+ 🫡 pic.twitter.com/OeXdDMpJDZ — Mags (@thescalpingpro) May 25, 2024 Featured image from DALL·E, Chart from TradingView
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