Will Generative AI Take Over The World?

Coinigy Team -

Hello, and a happy new month!

We’re about to close 2022, and the crypto market is looking to recover from the FTX implosion. But enough of the gloomy sentiments. Last week saw some bullish news in the space, leaving us hopeful for the new month. The biggest news was from OpenAI which launched its ChatGPT tool. With the advancement in generative AI, is artificial intelligence close to taking over the world?

Anyway, the entire crypto market is still 200 billion away from its $1 trillion high, and Bitcoin is struggling to break into the $17k zone. However, tokens like Fantom and Trust Wallet Token saw impressive gains in the week. If you haven’t given up on the crypto market yet, you can keep track of these tokens using your Coinigy account.

Let’s take a deep dive into this week’s major headlines.

  • OpenAI’s ChatGPT shows why implementation is key with generative AI
  • Web3 Crypto Onboarding Platform Transak Integrates With Coinbase Wallet
  • Former FTX Executive Brett Harrison in Talks With Investors for New Crypto Startup
  • Ankr Crypto Network Compromised by Hack Worth $5 Million

OpenAI’s ChatGPT shows why implementation is key with generative AI

It’s probably not a secret to those doing a lot of focused work in the space, but when it comes to generative AI, it’s quickly becoming apparent that how a user interfaces with generative models and systems is at least as important as the underlying training and inference technology. The latest, and I think best example, comes via OpenAI’s ChatGPT, which launched as a free research preview for anyone to try this week. Read more.

Web3 Crypto Onboarding Platform Transak Integrates With Coinbase Wallet

According to Transak, users of the Coinbase self-custody wallet in South East Asia can now use its Web3 onboarding platform “as a fiat on-ramp to buy crypto.” Transak’s integration with the Coinbase wallet is coming at a time when more users are becoming “aware of the importance of keeping their assets safe, secure, and in their control.” Read the full story.

Former FTX Executive Brett Harrison in Talks With Investors for New Crypto Startup

Brett Harrison, the former president of FTX’s U.S. arm, is trying to raise money for a new crypto startup focused on building crypto trading software for big investors, according to two people with direct knowledge of the matter. Harrison has told at least one venture capital firm he is aiming to raise $6 million at a valuation of $60 million, one of the peouple said, though details are still subject to change. Read the full story.

Ankr Crypto Network Compromised by Hack Worth $5 Million

Who needs cryptocurrency prices to be high when you can take a coin and make a few quadrillion of them? That’s what a hacker did in the newest crypto exploit, one which targeted the Ankr network. The hack on this network, according to Blockchain Intelligence Group president Lance Morginn, revolves around a Binance (BNB-USD) staking reward token called Ankr Reward Bearing Staked BNB (aBNBc-USD). According to the group’s investigations team, an Ankr deployer address was compromised. The hacker was able to use this address to mint a whopping six quadrillion aBNBc on Binance’s BNB chain. Read the full story.

Other highlights worth mentioning

Uzbekistan Approves Rules for Issuance and Circulation of Crypto Assets - Bitcoin.com

NFT sales surge after 7 months despite FTX fiasco - Watcher Guru

Here’s why Bitcoin may remain bullish in December - Watcher Guru

And oh yeah, we got a launched our newly designed website loaded with new features.