PhotoMaker, Tencent ARC Lab’s latest innovation, represents a significant leap forward in the realm of personalized photo creation. Powered by advanced AI technologies, the tool has garnered attention from various corners of the tech world, including recognition from AI experts such as: Yann LeCun. The project’s GitHub repository reflects the vibrant and active community of developers and enthusiasts, demonstrating the tool’s growing popularity and potential for a variety of applications. Photomaker’s core technology revolves around the concept of ‘Stacked ID Embedding’. This allows any number of input ID images to be encoded into a unified ID representation. The advantage of…
Author: Crypto Flexs
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Recent trends in the cryptocurrency market have seen Ethereum (ETH) gaining momentum and surpassing its long-time rival Bitcoin (BTC). According to Kaiko data, the ETH/BTC ratio has been steadily rising, rebounding from multi-year lows. This indicates bullish sentiment towards Ethereum compared to Bitcoin. This upward trajectory has been fueled by growing optimism surrounding the potential approval of a spot Ethereum ETF and a general confidence that the market will move higher in 2024. The recent approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) also inspired confidence. The SEC has approved a similar product for…
Ethereum (ETH) is gaining momentum in the volatile cryptocurrency market, outperforming its long-time rival Bitcoin (BTC). According to Kaiko dataThe ETH/BTC ratio has been steadily rising, rebounding from multi-year lows. ETHBTC rate trend | Source: Kaiko on X ETH/BTC ratio rises, ETH momentum builds The ETH/BTC ratio technically measures market sentiment for these two major cryptocurrencies. The recent rebound indicates that investors are increasingly optimistic about Ethereum’s potential compared to Bitcoin. This upward trajectory has been fueled by growing optimism surrounding the possible approval of a spot Ethereum ETF and a general confidence that the market will rise further in…
Did you know that blockchain and database are different things? Many people think of blockchain as similar to a database, but it is much more than that. Of course, blockchain is a form of database, distributed database. I think some people might be curious if you say ‘distributed’ and ‘database’ together. Let’s keep that curiosity going because today we will highlight the differences and similarities between databases and blockchain. What is blockchain? Blockchain is a distributed database or ledger. It is a DLT or distributed ledger technology that the world had not seen before Satoshi Nakamoto created Bitcoin and introduced…
Howard Lutnick, CEO of Cantor Fitzgerald LP, confirmed Tether Holdings’ financial health. Lutnick, whose company acts as Tether’s custodian, ensured that Tether’s reported assets matched its financial statements. As of June, Tether reported a significant asset base of approximately $86 billion, a figure to support the $83 billion USDT stablecoin in circulation. Cantor Fitzgerald plays a key role in managing many of these assets for Tether. This confirmation is pivotal given the long-standing skepticism of Tether’s claims that the dollar fully backs the stablecoin on a one-to-one basis. In an interview with Bloomberg Television, Lutnick claimed that Tether has the…
The CEO of Ripple Labs is confident that other cryptocurrencies will follow in Bitcoin’s (BTC) footsteps in discovering exchange-traded funds (ETFs). In a new interview with CNBC, Ripple CEO Brad Garlinghouse said that an Ethereum (ETH) ETF is “definitely” a possibility. “That’s for sure. I won’t set a horizon for when, but I definitely think there will be other ETFs. Of course there will be other ETFs… However, according to the Ripple Labs CEO, the U.S. Securities and Exchange Commission (SEC) approved a BTC ETF after a court forced it to do so. Garlinghouse hopes that other cryptocurrencies will not…
According to on-chain data, Bitcoin currently has a large wall of resistance. The exact levels that make up this important range are: A large amount of Bitcoin supply was purchased between $42,700 and $44,000. According to data from market intelligence platforms: Into the Block, BTC is just below the important on-chain resistance zone. In on-chain analysis, the strength of a resistance or support level is defined based on the number of coins acquired by investors there. For any holder, their cost basis is obviously significant. Therefore, it may be more likely that the cryptocurrency spot price will see some movement…
The International Monetary Fund (IMF) issued a serious warning about the impact of artificial intelligence (AI) on the global employment market. In a recent report, the IMF estimated that around 40% of jobs globally could be affected by AI, with this figure rising to 60% in developed countries such as the UK. Reorganizing the nature of work Historically, automation and information technology have primarily affected routine tasks. But the potential of AI extends to high-skill jobs, bringing both risks and opportunities. About half of jobs in developed countries could see productivity gains from AI integration, while the other half face…
According to a report by Bloomberg Intelligence, Grayscale’s Bitcoin ETF experienced significant withdrawals worth approximately $579 million. The size of these withdrawals is notable in the context of the broader market for Bitcoin ETFs. In contrast, other spot Bitcoin ETFs attracted nearly $819 million in investments. This stark difference in investor behavior highlights a critical assessment of the Grayscale Bitcoin ETF’s performance following SEC approval. Initial enthusiasm, which saw trading volumes exceed $2.3 billion on the ETF’s launch day, has cooled, and these outflows signal a shift in investor sentiment. The withdrawal trend from the Grayscale ETF is consistent with…
Bitcoin BTC +0.20% Prices rebounded on Tuesday as analysts suggested the possibility of a U.S. interest rate freeze at the Federal Reserve’s next meeting in late January could support digital assets. The price of the world’s largest cryptocurrency by market capitalization has risen more than 1.4% in the past 24 hours, rising to $43,071 at 11:34 a.m. ET, according to The Block’s pricing page. Bitcoin price is up more than 1.4% in the last 24 hours. Image: Block.Possibility of Fed interest rate freezeIn 15 days, the Federal Reserve is scheduled to meet to determine the direction of the central bank’s…