Good morning, crypto people :)
Here are some recent news and updates via CoinTelegraph.
What is your favorite update for today?
Bias in AI
What can blockchains do to ensure fairness? AI systems are often criticized for inherent biases, which may result from biased training data. Blockchain technology can help ensure fairness by providing transparency, enabling decentralized control, and ensuring data integrity. Blockchain-based data marketplaces can access unbiased datasets, and decentralized autonomous organizations (DAOs) can manage AI models, ensuring a more democratic approach to decision-making.
BTC price targets see $33k next as Bitcoin eyes key resistance flip
Bitcoin's price has been volatile recently, with the potential for a breakout or a continued downtrend. The key resistance level to watch is around $33,000. If Bitcoin can flip this resistance into support, it may signal a bullish trend, leading to further gains. Market participants should closely monitor the price action and adjust their positions accordingly.
Tesla selling Bitcoin last year turned out to be a $500M mistake.e
Tesla's decision to sell a portion of its Bitcoin holdings last year resulted in a loss of around $500 million. The electric car manufacturer had initially invested $1.5 billion in Bitcoin but later sold some of its holdings to "prove liquidity." However, the subsequent rise in Bitcoin's price means that Tesla's remaining holdings have significantly appreciated, and the company would have had a greater return had it not sold any Bitcoin.
Enterprises should seek partners and solutions during the crypto winter: Paxos report
According to a report by Paxos, businesses should use the "crypto winter" (a period of low market activity) to find reliable partners and technological solutions in the blockchain and cryptocurrency space. The report suggests that companies can benefit from lower costs and more stable market conditions, enabling them to focus on long-term growth and innovation.
Web3 hosts a Viking crypto raid with a unique gamified NFT minting experience
Web3 is offering a new NFT minting experience with a Viking-themed gamification process. Users can participate in a virtual raid, where they can mint NFTs by solving puzzles, finding secret codes, and unlocking chests. This innovative approach to NFT minting aims to make the process more engaging and enjoyable for participants, combining gaming elements with the world of digital collectibles.
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