In today’s top crypto news, ChatGPT recommends three cryptocurrencies for long-term investment. HSBC Bank users gain access to Shib and XRP payments through a new partnership. Arium is set to launch Shib digital ID service in October. Bone, the Shiba Inu ecosystem token, surges 10% as developers enhance security measures. Welcome to AvaTalks Crypto, your gateway to mind-blowing updates and expert insights.
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How Loud is the Sound? Decibels as a Floating-Point Number
How loud is the sound? Decibels as a floating-point number.
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Artificial Intelligence’s Recommendations for Long-Term Investment
Artificial intelligence or AI has become a trusted companion for investors seeking to navigate the complex world of cryptocurrencies. ChatGPT4, developed by OpenAI, was recently put to the test by Finbold. When asked to recommend three cryptocurrencies suitable for long-term holding, the AI’s top picks were Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA). Here’s why:
Bitcoin, the pioneering cryptocurrency, claimed the top spot. ChatGPT4 highlighted Bitcoin’s fixed supply and the robust network supporting it, making it a secure store of value and hedge against inflation. Ethereum, the second-largest cryptocurrency, secured the second position due to its role as the foundation for decentralized applications (dApps) and smart contracts. Its versatility and potential shift to proof of stake (PoS) make it an attractive choice. Surprisingly, ChatGPT4 skipped over higher-ranking cryptocurrencies and chose Cardano, the seventh-largest. Cardano’s focus on scalability, sustainability, and interoperability, backed by strong academic and research-driven development, made it a worthy long-term investment candidate. However, it’s crucial to note that the cryptocurrency market is highly volatile and unpredictable. While AI can provide valuable insights, investors should conduct thorough research, stay informed, and align their investments with their risk tolerance and goals.
HSBC Bank Users Gain Access to Shib and XRP Payments
In a groundbreaking move set to elevate cryptocurrency adoption, FCF Pay, a blockchain payment system, has made a stunning announcement. Customers of the globally recognized financial giant HSBC can now settle their mortgage bills and loans using cryptocurrencies through the FCF Pay platform. HSBC, a financial juggernaut with a vast customer base spanning the globe, has opened the floodgates for mainstream cryptocurrency adoption. Customers of HSBC will have the liberty to pay using a range of accepted cryptocurrencies, including Shiba Inu (Shib) and XRP, along with popular digital assets like Bitcoin, Ethereum, Binance Coin, and Dogecoin, among others. FCF Pay’s services empower customers to settle utility bills, including mortgages, auto payments, subscriptions, and more, using cryptocurrencies like USDT, BTC, and Shiba Inu. This revelation follows FCF Pay’s recent introduction of crypto bill services, empowering customers to settle utility bills using cryptocurrencies. Remarkably, FCF Pay’s services even extend to covering electricity and water bills. As cryptocurrencies journey from niche interest to mainstream financial tool, HSBC’s embrace of digital currencies through FCF Pay represents a pivotal moment. The financial landscape is evolving rapidly, and these developments underscore the growing significance of cryptocurrencies in reshaping how we conduct financial transactions.
Arium Set to Launch Shib Digital ID Service
In a groundbreaking move set to redefine the Shiba Inu blockchain, the Chevarium ID project has announced its game-changing plans to introduce the first-ever domain name service tailored specifically for the Shibarium ecosystem. This momentous development is slated to make its debut as early as next month, potentially marking a pivotal moment in Shiba Inu’s journey. The driving force behind the Shibarium ID project is Proof of Human, a Wyoming registered venture capital company specializing in championing innovative products and technologies within the digital identity realm. While the specifics of Proof of Human and the Shibarium ID team remain somewhat shrouded in mystery, the company does shed light on its four-member management team and their mission in the digital asset sphere. Shiba Inu’s core objective, as outlined on its official website, is the introduction of the ship name service on Shibarium. This pioneering service will empower Shiba enthusiasts to claim their very own web3 domains. But that’s not all. Shibarium ID comes with a rich arsenal of features, including a centralized discovery hub, facilitating the exploration of supported domains and trending collections. Users can expect seamless domain acquisition through auto suggestions and quick registration status checks. Furthermore, a specialized domain trading marketplace will consolidate liquidity from diverse sources, simplifying the domain trading experience. Managing domains, from renewal to record-keeping and ownership oversight, becomes a breeze with Shibarium ID’s unified portal. To contribute to the thriving Shiba Inu ecosystem, Shibarium ID plans to levy a commission on each Shiba domain sale. These proceeds will be allocated towards Shiba burning, donations to Doggy DAO, and supporting non-profit initiatives.
Shiba Inu Ecosystem Token Bone Surges 10%
In the ever-evolving world of cryptocurrencies, Bone, the Shiba Inu ecosystem token, has emerged as a standout performer, notching an impressive 10% gain over the past 24 hours. This surge has brought the token’s value to 90 cents during the Asian trading session on Wednesday, with a market capitalization now standing at a formidable $233 million. What’s behind this sudden surge in Bone’s fortunes? The key catalyst appears to be a significant move by developers: the full renunciation of the deployer contract for Bone tokens. This development has given traders and investors renewed confidence in the token’s security. As a result, trading volumes for Bone tokens experienced a substantial uptick, soaring past three million compared to levels seen just days ago. But what does it mean when a smart contract is fully renounced? In the world of cryptocurrencies, renouncing a smart contract signifies that the contract’s creator relinquishes all control over it. This act imbues investors with a sense of security as the contract becomes immutable and impervious to any further alterations or updates. In essence, it shields the contract from potential manipulation by its creator, assuring traders of a level playing field. It’s worth noting that Bone is part of a trio of tokens, including Treat and Leash, designed for utility within the Shibarium blockchain. These tokens serve multiple functions, from paying fees to participating in governance matters. Shibarium itself was unveiled by Shiba developers in August, representing a significant stride in the Shiba Inu ecosystem’s evolution. While the broader crypto market remains in a state of relative quiet, Bone’s robust performance serves as a reminder that in the world of digital assets, opportunities for growth and excitement are ever-present.
In conclusion, these news stories collectively illustrate the diverse and exciting developments happening in the crypto space. From AI’s long-term investment recommendations to HSBC’s partnership with cryptocurrency payments, the impending launch of Shibarium’s Shib digital ID service, and Bone’s impressive surge, the world of cryptocurrencies invites us all to stay tuned for what the future holds. Thanks for joining AvaTalks Crypto. Together, let’s shape the future of finance. Like, share, and subscribe to be part of this groundbreaking journey. Leave a comment below, and let’s unlock endless possibilities. Join us as we soar to unprecedented heights in the world of crypto. See you in our next episode!
