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October 28, 2024 11:39 4 minutes read (Updated: October 28, 2024 15:06) Welcome to Tech Roundup. We bring you the biggest stories about technology and innovation from Brazil and Latin America. This week: Brazil’s crypto market soars as stablecoins dominate Brazil’s virtual currency market will grow rapidly in 2024 Brazilians traded more than 247.8 billion reais (US$43 billion) in crypto assets from January to September 2024, according to amounts declared to the Federal Revenue Service. This was a 24% increase over the same period last year.data. The reported figures include transactions by Brazil-based virtual currency exchanges, which must declare all…
US researchers have reportedly used OpenAI’s voice API to create an AI-powered phone fraud agent that can be used to drain victims’ crypto wallets and bank accounts. The Register reported that computer scientists at the University of Illinois at Urbana-Champaign (UIUC) used OpenAI’s GPT-4o model in conjunction with a number of other freely available tools to They have built an agent that they claim is capable of autonomously performing actions. Required for various phone-based scams. ” Telephone scams by perpetrators posing as businesses or government organizations target approximately 18 million Americans each year, costing approximately $40 billion, according to UIUC…
Vitalik Buterin explains the reasoning behind the ETH sale. ETH is struggling in a bear market. Ethereum (ETH) co-founder Vitalik Buterin has silenced growing criticism from the community following the sale of ETH by the Ethereum Foundation. AMBCrypto previously reported that the foundation liquidated 2,500 ETH worth over $6 million. The move sparked frustration within the community, with some members accusing Buterin of dumping ETH. Although Buterin himself has not sold any ETH since September 12, the foundation’s sale raises concerns about the broader impact of these transactions. Vitalik Buterin defends ETH sales In response to the criticism, Buterin told…
Widely followed cryptocurrency analyst warns about Bitcoin (BTC), says even if Bitcoin (BTC) surges above psychological levels, we could witness a very bearish scenario is emitting. In a new strategy session on the TechnicalRoundup YouTube channel, crypto analyst DonAlt says that a severe correction after the crypto tycoon breaks above $70,000 will destroy all bullish momentum. According to the strategist, the top crypto asset by market capitalization is bullish on a weekly basis, but things could change quickly if Bitcoin witnesses a false breakout. “We hit a new all-time high at the close last week, but unless Bitcoin falls below…
Since early October, XRP has been trading within a price range. It faced resistance at $0.55 and found support at the $0.51 price level. This sideways price movement caused large XRP investors, or whales, to start reducing their exposure. Over the past two weeks, XRP whales have reduced their token holdings, dropping to multi-month lows. Crypto Whales distributes XRP The poor price performance of XRP over the past few weeks has led whales to distribute some of their tokens. Santiment data reveals that large investors holding between 10,000,000 and 1,000,000,000 XRP tokens have sold 700 million XRP, worth $357 million…
Feeling of déjà vu with Bitcoin price? BTC last set this recent all-time high last week before rallying again above $69,000 during European trading hours.Bitcoin rallied above the $69,000 mark early on Monday, but has since subsided slightly and fallen to its current price of $68,925 as of this writing. It rose 2% on the day, according to CoinGecko data.Looking ahead, traders have a very busy period in terms of macroeconomic factors. This week alone, a new gross domestic product report for the third quarter, consumer spending data (used to track inflation) and a new jobs report on Friday are…
Blockchain is transforming the world of smart gadgets, bringing unparalleled security and privacy to everyday technology. From fitness trackers to smart homes, this innovation will shape the future of how we interact with our devices. Rapid advances in technology continue to reshape the world, bringing innovations that once seemed like science fiction. Among these advances, blockchain technology stands out. Not only its excellence in financial applications, but also its growing influence in the field of smart gadgets. As the integration of blockchain and IoT increases, it is important to understand not only the “how” but also the “why” behind this…
In a recent statement, Tether CEO Paolo Ardoino expressed concern about the European Union’s Market for Cryptocurrency (MiCA) regulation, saying it could have significant implications for both stablecoins and the EU’s banking system. suggested that it poses a systemic risk. MiCA, which came into force in June 2024, standardizes the regulatory framework for digital assets across the EU and imposes strict reserve requirements on stablecoin issuers, requiring them to hold 60% of their reserves in European bank accounts. It is intended to be mandatory. According to Ardoino, this requirement not only puts additional pressure on stablecoin providers, but also has…
At the recent Lugano Plan B conference, Tether CEO Paolo Ardoino gave a first look at the company’s new privacy-centric AI development kit. This advanced toolkit, known as Tether Local AI Kit, is built on peer-to-peer technology to ensure maximum adaptability and privacy across a variety of devices. Our goal is to make AI development widely available and enable smooth functionality for everything from affordable $40 phones to high-end devices such as flagship smartphones, laptops, and even powerful mainframes. Masu. Designed with a modular approach, Tether’s AI kit is flexible enough to support a variety of machine learning models, including…
Ripple co-founder Chris Larsen donates another $10 million to Kamala Harris Back in August, Federal Election Commission (FEC) filings revealed that Larsen had previously donated 1,754,815.29 XRP, worth $1 million, to the same PAC. According to a representative from Ripple Labs, this $10 million donation is separate from the previous donation. A pioneer in the fintech field, Larsen co-founded Ripple to streamline cross-border transactions for companies. He also played a role in the creation of XRP, but the coin and Ripple operate independently. Ripple is just incorporating XRP into their services. After a four-year legal battle with the SEC under…