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    Bitcoin Is Form of Art: Yuval Noah Harari

    The famous intellectual also made a stunning AI prediction, suggesting his own interpretation of this famous abbreviation.Harari stated that the AI abbreviation should be deciphered not as “artificial intelligence” but as “alien intelligence.” He said that there is nothing artificial about AI. Its new forms are developing on their own. The philosopher is definite that AI is capable of producing a different kind of creativity, and “precisely because of that, it’s really going to be a game changer in so many fields.”Harari believes that this will even be true of the finance field. The philosopher considers financial devices as “a kind of art form.” Here he named such financial tools as bonds, currency and Bitcoin, stating that the people who came up with the ideas of creating them had shown outstanding creativity. “It’s sort of art. Very creative. Very imaginative,” he said. Therefore, Harari expects artificial intelligence in the future to come up with “new types of financial devices that no human being would ever imagine creating.”The intellectual pointed out that this is “an alarming development” since money was invented with a goal of creating trust between strangers.”I understand the causes for this distrust, but it is an alarming development,” Harari pointed out.This article was originally published on U.Today More

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    Introducing Tari Universe: The Crypto Miner For English Majors

    Tari Labs, an organization stewarding the development of Tari, a next-generation blockchain protocol, today introduced Tari Universe, a groundbreaking mining application designed to make it easy for anyone to join the crypto revolution. Tari Universe leverages RandomX, an ASIC-resistant hashing algorithm, enabling users to mine Tari with their existing Mac or PC. Say goodbye to the UX barriers of crypto—Tari Universe’s magical interface makes mining accessible to everyone. Users can simply download Tari Universe for free, install it, and click “start mining” to earn Tari tokens.In a world where inflation is out of control and many people are struggling, mining crypto presents a great opportunity for everyone.”Tari Universe is the beautifully simple crypto product that will finally get me out of my shell,” said Soon™, the Turtle, Tari’s official mascot. “We all want mass adoption to happen, yet, as an industry, we keep designing complicated products that require users to KYC and jump through countless hoops to participate. Tari Universe changes everything. It’s a one-click marvel that my mom can use.”Tari Universe Makes Mining FunTari Universe brings the game of Proof-of-Work mining to life. Proof-of-work mining is a race to be the first to solve the next block, earning the block reward and all the glory. Tari Universe represents the Tari blockchain as a sleek tower and every block as a floor. Users will watch as their Tribe races to build the next floor before anyone else. When they win, they all share in the spoils. Tari Universe makes it easy for anyone to understand how blockchains work and enjoy Proof-of-Work mining.Tari Universe Makes Mining FairTari Universe uses p2pool decentralized pool software to introduce Tribes—a group of users working together to solve blocks. When a user first launches Tari Universe, they automatically join a Tribe. No configuration or added steps are required. Best of all, there are no pool fees, and users won’t need to trust a pseudonymous pool operator with their block rewards. Combined with the ASIC-resistant properties of RandomX, Tari Universe makes mining fair for everyone.Tari Universe is Maximum DecentralizationTari Universe is a breath of fresh air in a world filled with centralized sequencers and small cabals of “independent” node operators. Anyone can download Tari Universe for free, install it, and run it on their existing Mac or PC. No expensive or custom hardware is needed, and users don’t have to be members of the gilded cabal. Tari Universe is permissionless, freedom-enhancing, and will help make Tari wildly decentralized from day one.Tari Universe is Your Homebase for CryptoTari Universe includes an automated update feature to give users instant access to groundbreaking new features. As the world of Tari expands, Tari Universe will become the ultimate one-stop shop for crypto. Tari Universe is the one-click crypto revolution for everyone.AvailabilityTari contributors will release Tari Universe for the Tari testnet in September 2024. The version that supports the Tari mainnet will be released soon to coincide with the mining of the Tari genesis block. The platform will automatically upgrade users of Tari Universe on the Tari testnet to the mainnet version. Tari Universe will run on nearly any modern-day Mac or PC. Tari contributors aim to make Tari Universe as accessible as possible. They urge anyone interested in Tari Universe to join the waitlist by visiting universe.tari.com. Users can improve their position on the waitlist by inviting their friends to join.Learn More about Tari Universe, Tari, and Tari LabsTo learn more about Tari Universe and join the waitlist, please visit universe.tari.com.Tari is a revolutionary layer 1 blockchain protocol that empowers anyone to become an on-chain user simply by mining on their laptop or desktop. For developers, Tari offers infinite scalability, fast finality, and low fees of a high-performance native L2, combined with unprecedented access to on-chain users through an app launcher built into the Tari mining application.Tari Labs is an organization that helps steward Tari’s development. Supporters of Tari Labs include Blockchain Capital, Multicoin, Pantera, CMT Digital, Slow Ventures, DV Chain, and many other leading investors in our industry.ContactContributorDan MulliganTari [email protected] article was originally published on Chainwire More

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    Dormant Bitcoin Wallet Awakens With 8,844% Gains: Details

    Blockchain data tracker Whale Alert states, “A dormant address containing 19 BTC worth $1,185,944 has just been activated after 10.7 years worth $13,259 in 2013.”The Bitcoin wallet was previously worth $13,259 when it last saw activity in 2013. Fast forward to 2024, and the wallet has seen its Bitcoin value increase to a whopping $1,185,944, an 8,844% increase. This demonstrates Bitcoin’s enormous price growth over the last decade.The activation of dormant wallets can have varied explanations: it may indicate that the owner has decided to take advantage of the market, owing to an impressive surge in the wallet value or a long-lost wallet might have just been recovered.Bitcoin’s price formed a base near the $56,000 level and started a fresh increase above the $58,000 resistance. At the time of writing, BTC was up 4.03% in the last 24 hours to $60,990 and up 3.05% weekly.Bitcoin’s immediate resistance level is $61,407, which coincides with the daily SMA 50, ahead of the daily SMA 200 at $62,844. On the other hand, Immediate support lies near the $59,500 level, while the next key support is $58,500.According to Santiment, Bitcoin’s whales, specifically wallets that hold between 100-1000 BTC, have accumulated 94,700 more coins in the last six weeks. As price uncertainty has shaken many traders out of the crypto market, major stakeholders are stocking up.This article was originally published on U.Today More

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    Bitcoin, Ethereum, Polkadot prices jump amid policy easing hopes

    Bitcoin ETFs saw net inflows of over $61 million, the highest since the $192 million inflow on August 8. BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) led the charge with $92 million in inflows, while Bitwise’s Bitcoin ETF (NYSE:BITB) attracted $25 million in outflows. Ether prices also jumped by as much as 4% as investors looked for possible signals of upcoming rate cuts from the Federal Reserve later this week. With a relatively light economic data calendar, market attention has turned to the release of the Fed’s July meeting minutes on Wednesday and Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium on Friday.“Despite FUD in the media – It doesn’t matter whether the ETF elections or any other FOMO theory which will come up; all this is only storytelling to keep the mind busy. The real value is in the long-term position of this unique asset as a hedge and store of value,” Stefan Godly, Venture Studio Co-Founder, told Investing.com.The cryptocurrency market got a boost after a tweet from Tron’s founder, Justin Sun, hinted that China might lift its ban on Bitcoin and other crypto assets.Specifically, China’s Supreme Court and public prosecutor have updated their interpretation of the nation’s Anti-Money Laundering (AML) laws, now officially recognizing “virtual asset” transactions for the first time.The current Anti-Money Laundering Law, which has been in place since January 1, 2007, is getting its first major update in almost 20 years with this latest revision.Meanwhile, State Street (NYSE:STT) has partnered with digital asset custodian Taurus as part of its tokenization strategy, with plans to extend to crypto custody once the U.S. regulatory environment improves. The bank, which manages $44.3 trillion in assets, is set to launch tokenized versions of traditional assets. The global cryptocurrency market cap jumped by 3.17% to around $2.14 trillion in the last 24 hours. Stablecoins, commonly used for trading and hedging, saw their volume hit $60 billion, making up 92.43% of the total crypto market’s 24-hour volume.Polkadot price rose 1.3% on the day. Most meme coins are also on the rise as the broader bullish momentum boosted market favorites like Pepe, Dogwifhat, and Brett. The standout performer is Sundog, the largest meme coin launched via SunPump, Tron’s Pump.fun competitor created by the controversial entrepreneur Justin Sun.  More

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    Flipster Announces Collaboration with Tether

    Flipster, one of the leading crypto derivatives trading platforms, is listing Tether Gold (XAU₮) issued by TG Commodities Limited to its platform, providing users with new opportunities to deposit, withdraw, and convert the gold-backed digital asset. 1. Tether Gold LaunchpoolFlipster is among the fastest-growing crypto derivatives trading platforms, offering lightning-fast perpetual futures listings on the latest cryptocurrencies. The easy-to-use platform provides users with an all-in-one trading experience with leverage of up to 100x on over 250 tokens with high liquidity and zero trading fees. For media enquiries or interview requests with the team, please reach out to [email protected]. X | Facebook (NASDAQ:META) | Instagram | LinkedIn | Official Telegram | Announcements TelegramAbout Tether and USD₮Tether is a pioneer in stablecoin technology, driven to revolutionize the global financial landscape, its mission is to provide accessible, secure, and efficient financial, communication, and energy infrastructure. Tether enables greater financial inclusion and communication resilience, fosters economic growth, and empowers individuals and businesses.As the creator of the industry’s largest, most transparent, and liquid stablecoin, Tether is dedicated to building sustainable and resilient infrastructure to benefit underserved communities. By leveraging cutting-edge blockchain and peer-to-peer technology, it is committed to bridging the gap between traditional financial systems and the potential of decentralized finance.About Tether Gold (USD₮)Tether Gold (Gold) is a digital asset offered by TG Commodities Limited. One full USD₮ token represents one trou fine ounce of gold on a London Good Delivery bar. XAU₮ is available as an ERC-20 token on the Ethereum blockchain, The token can be traded or moved easily at any time, anywhere in the world, and can be transferred to any on-chain address from the purchaser’s Tether wallet where it is issued after purchase. The allocated gold is identifiable with a unique serial number, purity, and weight and is redeemable in the form of physical gold.Important NoteThis press announcement is not an offer to sell or the solicitation of an offer to buy Tether Gold (XAU₮). TG Commodities Limited will only sell or redeem XAU₮ pursuant to its gold token terms of sale and service available (as of the date of this press release) at gold.tether.to/legal. ContactBrand Marketing ManagerShirlyn [email protected] article was originally published on Chainwire More

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    FSL Launches MORCHI: A Revolutionary On-Chain Mini Game Promoting Healthy Habits

    FSL, a leading gaming studio and pioneer in blockchain innovation, is thrilled to announce the launch of MORCHI, an exciting new on-chain mini game on the Polygon Network. Built on the MOOAR Marketplace—an equitable, multichain NFT platform—MORCHI merges entertainment with well-being, allowing users to earn rewards through daily interactions.MORCHI: Where Fun Meets Healthy LivingMORCHI is designed to promote healthy habits in a fun and engaging way. This innovative tapp (Tokens as Apps) introduces users to a world where virtual pets, known as MORCHIs, become part of their daily routines. By interacting with their MORCHI through activities such as Chug Energy Drink, Cold Shower, and Gym Grind, users can not only nurture their virtual pets but also enhance their own daily habits.MORCHI offers a wide range of customization options, allowing users to personalize their virtual pets with Common, Rare, and Legendary design elements. This feature ensures that every MORCHI is unique, reflecting the user’s creativity and style.Minting and SupplyThe initial supply of MORCHI tapps is limited to 10,000, with 5,000 reserved for the MOOAR and public mint and 5,000 allocated to the SLN Cat Community and Thrive Community. Users can mint a MORCHI tapp on https://morchi.mooar.com/, marking the beginning of their journey within this innovative ecosystem. MORCHI tapps are tradeable on the MOOAR Marketplace, allowing users to buy and sell MORCHIs freely, as they are not soulbound.As users engage with their MORCHI and level up, they can generate Activation Codes every 5 levels, inviting friends to mint new MORCHI tapps and expand the community.Earning RewardsMORCHI users are incentivized with daily rewards and milestone achievements, unlocking special rewards at levels 10, 20, and 30. These rewards not only enhance the user experience but also contribute to the growth and vibrancy of the MORCHI community.The MORCHI CommunityUsers can join MORCHI tapp today and embark on a journey that blends fun, health, and blockchain technology.For more information, users can visit their website or follow on MOOAR X.About FSL:FSL is a trailblazer in blockchain development and gaming, renowned for creating innovative applications that seamlessly integrate technology, entertainment, and community. With a portfolio that includes STEPN, MOOAR, Gas Hero, FSL ID, and STEPN GO, FSL continues to redefine the way people interact with blockchain technology, making it accessible, engaging, and rewarding.About MOOAR Marketplace:MOOAR is more than just a marketplace; it’s a gamified cutting-edge rewards system that allows users to earn rewards with every transaction. With a creator-first launchpad and support for multiple blockchains including Solana, Ethereum, Polygon and BASE, MOOAR is rapidly becoming a go-to platform for NFT enthusiasts. The recent surge in trading volume, driven by successful FSL projects like Gas Hero, further underscores MOOAR’s rising prominence in the blockchain ecosystem.ContactMattina [email protected] article was originally published on Chainwire More

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    Mike Lynch and daughter among six missing after yacht sinks; divers struggle to enter wreck

    PALERMO, Sicily (Reuters) -Divers scoured the wreck of a luxury yacht off Sicily’s coast on Tuesday to find six missing people, including British tech entrepreneur Mike Lynch and his daughter, following an intense storm that sank the vessel on Monday.The British-flagged Bayesian, a 56-metre-long (184-ft) superyacht, was carrying 22 people and anchored off the port of Porticello when it was hit by the fierce, pre-dawn storm.Fifteen people escaped before it capsized and the body of one person who died was swiftly recovered. That left six passengers unaccounted for – Lynch and his 18-year-old daughter Hannah; Judy and Jonathan Bloomer, a non-executive chair of Morgan Stanley International; and Clifford Chance lawyer Chris Morvillo and his wife, Neda Morvillo. “The fear is that the bodies got trapped inside the vessel,” said Salvatore Cocina, head of civil protection in Sicily.The boat was lying at a depth of 49 metres (160 feet), giving divers only 8-10 minutes at the wreck site before they had to resurface. Entering the boat was also proving difficult, said the fire brigade, which is leading the search operation.”Inside the sailing ship the spaces are very confined, and if you hit an obstacle it is very complicated to move forward, just as it is very difficult to find alternative routes,” said fire spokesman Luca Cari.Fire department diver Marco Tilotta told reporters the vessel appeared to be intact and was lying on its right side. Divers had not ascertained whether the 72-metre-long mast had snapped somewhere along its length during the tempest.Karsten Borner, the skipper of a boat that had been moored alongside the Bayesian, said the yacht flipped on its side soon after the storm hit and sank within two minutes, giving those below deck little time to get to safety.LYNCH TRIALLynch, 59, is one of the UK’s best-known tech entrepreneurs. He built the country’s largest software firm, Autonomy, and was referred to as Britain’s Bill Gates. He sold the firm to HP (NYSE:HPQ) for $11 billion in 2011, after which the deal spectacularly unravelled with the U.S. tech giant accusing him of fraud, resulting in a lengthy trial. Lynch was eventually acquitted by a jury in San Francisco in June.Morvillo represented Lynch in the case, while Bloomer had appeared as a character witness on his behalf.In an extraordinary coincidence, Stephen Chamberlain, Mike Lynch’s co-defendant in the trial, died following a road accident in Britain over the weekend, his lawyer said on Monday.The Bayesian was owned by Lynch’s wife, who survived the disaster, and other guests on the yacht included Lynch’s colleagues. The only body so far retrieved was that of the onboard chef Ricardo Thomas, an Antiguan citizen.  The British government’s Marine Accident Investigation Branch said it sent four of its inspectors to Sicily to conduct a “preliminary assessment.” ‘DIDN’T SEE IT COMING’One expert at the scene of the disaster who declined to be named said an early focus of the official investigation would be whether the yacht’s crew had closed access hatches into the vessel before the storm struck.Investigators would look at whether appropriate measures had been taken, given the forecasts for bad weather overnight.Borner, whose yacht was moored near the Bayesian, said that although there had been warnings of possible thunderstorms, there had been no indication they would be particularly violent.”Thunderstorms can turn out good or bad and this one was a real violent squall … very violent, very intense, a lot of water, and I think a turning system like a tornado,” he told Reuters. Storms and heavy rains have ravaged Italy in recent days, after weeks of scorching heat warmed the sea temperature to record highs, raising the risk of extreme weather conditions, experts said.”The sea surface temperature around Sicily was around 30 degrees Celsius (86 Fahrenheit), which is almost 3 degrees more than normal,” said meteorologist Luca Mercalli.”We can’t say that this is all due to global warming but we can say that it has an amplifying effect,” he told Reuters. More

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    How the Democrats proposed tax provisions could impact financials and real estate

    The platform includes several measures that, while not new, could become more relevant due to the necessity of enacting tax legislation in 2025. Key proposals include raising the corporate tax rate, increasing the stock buyback tax, and eliminating like-kind exchanges in real estate.Notably, the corporate tax rate could increase to 28% while tax rate on foreign earnings may double to 21%.Furthermore, the proposal to increase the stock buyback tax from 1% to 4% is expected to raise $166 billion, with TD Cowen highlighting that this could directly affect banks since regulators favor buybacks over dividends for capital returns.Another significant proposal is the elimination of like-kind exchanges in real estate, which allows investors to defer taxes on profits as long as those profits are reinvested in other real estate assets. This change “could hurt investor interest in commercial and residential properties,” TD Cowen analysts note and would raise around $20 billion.Overall, analysts view the majority of tax provisions in the Democratic platform as relevant, considering the need for Congress in 2025 to implement a tax package “that addresses the future of the Trump individual tax cuts.”“It means there is a path forward for these measures to advance next year,” they added.The Democratic platform’s tax provisions hold significance because they reflect demands that the party is likely to pursue, regardless of which party wins the upcoming election, TD Cowen explains.The investment bank points out that the need to offset the $4.5 billion cost of extending the Trump-era tax cuts “means that even ideas that normally would not get attention could be in play.” Among these ideas is the proposal to treat capital gains as ordinary income, a change that could potentially raise $289 billion.It also notes that banks, which typically face higher average tax rates than other sectors, would be more significantly impacted by the proposed increase in the corporate tax rate, a measure expected to generate $1.3 trillion in revenue. More