{"id":12205,"date":"2023-06-04T10:55:34","date_gmt":"2023-06-04T10:55:34","guid":{"rendered":"https:\/\/www.cryptoheretostay.com\/?p=12205"},"modified":"2023-06-04T10:55:37","modified_gmt":"2023-06-04T10:55:37","slug":"musks-alleged-price-manipulation-the-satoshi-ai-chatbot-and-more","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=12205","title":{"rendered":"Musk&#8217;s alleged price manipulation, the Satoshi AI chatbot and more"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<h2 id=\"h-top-stories-this-week\"><strong>Top Stories This Week<\/strong><\/h2>\n<h2 id=\"h-dogecoin-investors-accuse-elon-musk-of-insider-trading-in-amended-class-action-lawsuit\"><strong><strong><strong>Dogecoin investors accuse Elon Musk of insider trading in amended class-action lawsuit<\/strong><\/strong><\/strong> <\/h2>\n<p>A group of Dogecoin investors has requested leave to amend a class-action lawsuit against tech entrepreneur Elon Musk, alleging he is responsible for insider trading of DOGE and asserting the token is a security under U.S. Securities and Exchange Commission regulations. According to the complaint, Musk profited off DOGE trading at the expense of other investors by causing the price of the token to spike through actions including changing Twitter\u2019s logo to the Dogecoin logo. As one of the world\u2019s richest people, the Twitter CEO has made frequent statements about Dogecoin to his millions of followers since 2019, often causing the price of the token to surge.<\/p>\n<h2 id=\"h-satoshi-nak-ai-moto-bitcoin-s-creator-has-become-an-ai-chatbot\"><strong>Satoshi Nak-AI-moto: Bitcoin\u2019s creator has become an AI chatbot<\/strong><\/h2>\n<p>Satoshi Nakamoto may have effectively disappeared over 12 years ago, but two artificial intelligence dabblers are seeking to revive the ability to chat with the famed Bitcoin creator.\u00a0The model, essentially, is OpenAI\u2019s ChatGPT trained on a limited data set, including Nakamoto\u2019s public emails and forum posts, as well as other Bitcoin sources. In testing, the chatbot generates responses that are typically uncertain of the future of fiat currencies and hopeful about Bitcoin. Its goal is to show that AI tools could potentially be used in education, one of the creators said.<\/p>\n<h2 id=\"h-buying-a-bank-won-t-solve-crypto-s-debanking-issue-binance-ceo\"><strong>Buying a bank won\u2019t solve crypto\u2019s debanking issue \u2014 Binance CEO<\/strong><\/h2>\n<p>Binance CEO Changpeng \u201cCZ\u201d Zhao has considered acquiring a bank amid the ongoing debanking of crypto firms across the globe. However, according to CZ, regulatory complexity and capital requirements make it unwise for Binance. \u201cThe reality is much more complex than the concept,\u201d said the crypto executive. Binance has recently lost its fiat on-ramp and off-ramp partner in Australia \u2014 after difficulties finding a bank partner in the United States earlier this year. The company has been seeking a new payment provider in the country.\u00a0<\/p>\n<p>Crypto.com has been granted a major payment institution license for digital payment token (DPT) services in Singapore. With the license, the crypto exchange is now authorized to offer its DPT services to customers in the country. The latest announcement adds to Crypto.com\u2019s track record of securing regulatory licenses. The exchange has also been granted registration and\/or licenses in France, the United Kingdom, Dubai, South Korea, Australia, Italy, Greece and Cyprus..<\/p>\n<h2 id=\"h-web3-developer-magic-raises-52m-in-funding-led-by-paypal-ventures\"><strong>Web3 developer Magic raises $52M in funding led by PayPal Ventures<\/strong><\/h2>\n<p>Wallet-as-a-service provider Magic raised $52 million in a strategic funding round led by PayPal Ventures. The funding round also saw participation from venture firms Cherubic, Synchrony, KX, Northzone and Volt Capital, bringing Magic\u2019s total funds raised to over $80 million. Magic\u2019s software is currently used by brands in retail, music, fashion and gaming, including Mattel, Macy\u2019s, Xsolla and Immutable. Founded in 2020, Magic has generated over 20 million unique wallets to date.\u00a0<\/p>\n<h2 id=\"h-winners-and-losers\"><strong>Winners and Losers<\/strong><\/h2>\n<p>At the end of the week, Bitcoin <strong>(<\/strong><strong>BTC<\/strong><strong>)<\/strong> is at <strong>$27,160<\/strong>, Ether <strong>(<\/strong><strong>ETH<\/strong><strong>)<\/strong> at <strong>$1,903<\/strong> and <strong>XRP<\/strong> at <strong>$0.52<\/strong>. The total market cap is at <strong>$1.15<\/strong> trillion, according to CoinMarketCap.<\/p>\n<p>Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Injective<strong> (INJ) <\/strong>at 22.67%, Quant <strong>(QNT)<\/strong> at 18.60% XDC Network <strong>(XDC)<\/strong> at 15.92%.\u00a0<\/p>\n<p>The top three altcoin losers of the week are Pepe <strong>(PEPE)<\/strong> at -14.26%, Kava <strong>(KAVA)<\/strong> at -11.13% and Flare <strong>(FLR)<\/strong> at -10.80%.<\/p>\n<p>For more info on crypto prices, make sure to read Cointelegraph\u2019s market analysis.<\/p>\n<p>Read also<\/p>\n<p>                            Features<\/p>\n<p>As Money Printer Goes Brrrrr, Wall St Loses Its Fear of Bitcoin<\/p>\n<p>                            Features<\/p>\n<p>\u2018Moral responsibility\u2019: Can blockchain really improve trust in AI?<\/p>\n<h2 id=\"h-most-memorable-quotations\"><strong>Most Memorable Quotations<\/strong><br \/><\/h2>\n<p>\u201cThe bear phase is finished. [\u2026] I think we\u2019ll see new highs probably in the second half of 2024, 2025. [\u2026] We\u2019ll probably hit up to 6-to-8 trillion [in market capitalization].\u201d<\/p>\n<p><strong>Dan Tapiero<\/strong><strong>, founder of 10T Holdings and 1RoundTable Partners<\/strong><\/p>\n<p>\u201cAre the creators of the AI responsible for creating the tool that\u2019s used to infringe copyright, or is it the people who are actually using that to infringe on copyright?\u201d<\/p>\n<p><strong>Andrew Petale<\/strong><strong>, trademarks attorney at Y Intellectual Property<\/strong><\/p>\n<p>\u201cThe debt ceiling deal once again highlights Bitcoin\u2019s utility because it\u2019s essentially a break away from the traditional financial system.\u201d<\/p>\n<p><strong>Josh Gilbert<\/strong><strong>, market analyst at eToro<\/strong><\/p>\n<p>\u201cEven though Ethereum doesn\u2019t have the biggest market cap compared to Bitcoin, I think Ethereum is the front-runner in terms of driving worldwide adoption.\u201d<\/p>\n<p><strong>Roger Ver<\/strong><strong>, early Bitcoin investor and Bitcoin Cash advocate<\/strong><\/p>\n<p>\u201cCrypto, like the internet before it, has the potential to modernize finance and numerous other sectors, [\u2026] by offering a faster, cheaper, more private, and accessible platform.\u201d<\/p>\n<p><strong>Brian Armstrong<\/strong><strong>, CEO of Coinbase<\/strong><\/p>\n<p>\u201cBy combining the power of cryptography with the power of a decentralized crypto network like Bitcoin, we can bring cost and consequence into cyberspace.\u201d<\/p>\n<p><strong>Michael Saylor<\/strong><strong>, executive chairman of MicroStrategy<\/strong><\/p>\n<h2 id=\"h-prediction-of-the-week\"><strong>Prediction of the Week\u00a0<\/strong><\/h2>\n<p><strong>Bitcoin wicks down to $26.5K, but trader eyes chance for \u2018bullish surprise\u2019<\/strong><\/p>\n<p>On Bitstamp, the BTC\/USD pair reached a low of $26,519 this week, showing little signs of a trend change as a stalemate between bulls and bears continued to produce little volatility.<\/p>\n<p>Analyzing the current setup, pseudonymous trader Crypto Ed considered the potential for upside topping out at $27,500. \u201cI do think we go down, but as long as we do not break that $26,000, there is a chance for a bullish surprise,\u201d he said.<\/p>\n<p>To break the current impasse, Crypto Ed continued, Bitcoin would nonetheless need to tackle the area above $27,600. \u201cNow I think we bounce back toward $27,500 \u2014 resistance of the previous range high \u2014 and from there I will be looking for, possibly, shorts toward $25,000,\u201d he said.<\/p>\n<h2 id=\"h-fud-of-the-week\"><strong>FUD of the Week\u00a0<\/strong><\/h2>\n<h3 id=\"h-\"><\/h3>\n<h2 id=\"h-missing-bitcoin-millionaire-and-onfo-coin-co-creator-found-dead\"><strong><strong>Missing \u2018Bitcoin Millionaire\u2019 and ONFO coin co-creator found dead<\/strong><\/strong><\/h2>\n<p>The co-founder of crypto project ONFO coin has been found dead from an apparent gunshot wound about a week after he went missing. John Forsyth, a crypto advocate and emergency room doctor, was reported missing by relatives after not showing up to his shift in a hospital in Missouri. The ONFO coin project allows users to earn coins by referring others to the platform, a term it calls \u201cnetwork mining.\u201d Forsyth joins a list of crypto advocates and founders that have died under mysterious circumstances.<\/p>\n<h2 id=\"h-jimbos-protocol-offers-800k-bounty-to-the-public-after-hacker-ignores-deal\"><strong>Jimbos Protocol offers $800K bounty to the public after hacker ignores deal<\/strong><\/h2>\n<p>DeFi platform Jimbos Protocol has offered 10% of the exploited funds to the general public after giving the hacker several days to respond to the deal. The Arbitrum-based DeFi app was exploited on May 28 through a lack of slippage control on liquidity conversions, allowing the exploiter to seize assets worth about $7.5 million. The team behind the exploited protocol attempted to negotiate with the hacker offering a \u201cfast $800k payday\u201d in exchange for the return of 90% of the funds. Now, the protocol has extended the bounty offer to the general public.<\/p>\n<h2 id=\"h-multichain-team-cannot-locate-ceo-halts-service-for-affected-chains\"><strong>Multichain team cannot locate CEO, halts service for affected chains<\/strong><\/h2>\n<p>Cross-chain protocol Multichain revealed that its team has been unable to contact its CEO, Zhaojun, fueling rumors that the protocol\u2019s leadership may have been arrested in China amid ongoing technical issues. The protocol has experienced technical problems over the past week, with transactions delayed across multiple cross-chain bridges. After failing to contact the CEO and lacking permission to address the issue, the team suspended services for over 10 chains on May 31, including KeKchain, Public Mint, DynoChain, Redlight Chain, Dexit, Ekta, High Performance Blockchain, Onus, Omax, Findora and Planq.<\/p>\n<h2 id=\"h-best-cointelegraph-features\"><strong>Best Cointelegraph Features<\/strong><\/h2>\n<h2 id=\"h-bitcoin-is-on-a-collision-course-with-net-zero-promises\"><strong><strong>Bitcoin is on a collision course with \u2018Net Zero\u2019 promises<\/strong><\/strong><\/h2>\n<p>Every year countries are pressured to ramp up their climate change commitments at the COP conference \u2014 and Bitcoin mining is an easy target.<\/p>\n<h2 id=\"h-mad-scientist-s-nfts-degrade-when-they-re-traded-0xdeafbeef-nft-creator\"><strong>Mad scientist\u2019s NFTs degrade when they\u2019re traded: 0xDEAFBEEF, NFT Creator<\/strong><\/h2>\n<p>Self-proclaimed tinkerer 0xDEAFBEEF has hit it big with audiovisual NFTs that slowly degrade in quality every time they\u2019re traded.<\/p>\n<h2 id=\"h-ai-eye-25k-traders-bet-on-chatgpt-s-stock-picks-ai-sucks-at-dice-throws-and-more\"><strong>AI Eye: 25K traders bet on ChatGPT\u2019s stock picks, AI sucks at dice throws, and more<\/strong><\/h2>\n<p>Decentralized ledger technology is arguably everything that AI is not: transparent, traceable, trustworthy and tamper-free. Could it offset the opaqueness of AI\u2019s black-box solutions?<\/p>\n<p>Subscribe<\/p>\n<p>The most engaging reads in blockchain. Delivered once a<br \/>\n        week.<\/p>\n<h2 class=\"author__name\">Editorial Staff<\/h2>\n<p>Cointelegraph Magazine writers and reporters contributed to this article.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/magazine\/musks-alleged-price-manipulation-the-satoshi-ai-chatbot-and-more-hodlers-digest-may-28-june-3\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Top Stories This Week Dogecoin investors accuse Elon Musk of insider trading in amended class-action lawsuit A group of Dogecoin investors has requested leave to amend a class-action lawsuit against tech entrepreneur Elon Musk, alleging he is responsible for insider trading of DOGE and asserting the token is a security under U.S. Securities and Exchange [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-12205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12205"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12205\/revisions"}],"predecessor-version":[{"id":12207,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12205\/revisions\/12207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/12206"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}