On 11 December at 11:07 PM UTC, ChatGPT faced a global outage, sparking frustration and memes on X. As functionality slowly returns, the incident prompts a vital question: are we ready for the challenges of growing AI dependency?

According to PANews, Andrew Kang, a partner at Mechanism Capital, recently shared insights on the future of trading through a tweet. Kang suggested that the role of skilled traders is set to evolve significantly. He believes that the traditional method of manually executing trades will become obsolete, likening it to the outdated practice of solving complex mathematical problems by hand, which he describes as primitive and time-consuming. Kang envisions a future where traders and investors will no longer engage in direct trading activities. Instead, they will focus on imparting their mental models, heuristics, and indicators to artificial intelligence systems. These AI systems will then execute trades on their behalf, leveraging the traders' strategies and insights. This shift is expected to enhance efficiency and optimize trading outcomes, as AI can process and act on information much faster than humans. The transition to AI-driven trading represents a significant change in the financial landscape, promising to redefine how trading is conducted. As AI technology continues to advance, it is anticipated that more traders will adopt this approach, potentially leading to a more streamlined and effective trading environment.

The Federal Court of Australia has fined Bit Trade, the Australian operator of the US cryptocurrency exchange Kraken, 8 million Australian dollars (about 5.1 million US dollars) and ordered it to pay the fine and legal costs within 60 days. The court found that Bit Trade failed to comply with design and distribution obligations and operated as a credit institution without a license. The fine is less than the $12.8 million requested by the Australian Securities and Investments Commission (ASIC), but it exceeds Bit Trade's request to be limited to less than $2.5 million. (Cointelegraph)

On December 11, the U.S. SEC charged three individuals with impersonating securities brokers and investment advisors to carry out schemes involving digital assets. The indictment mentions three Nigerian nationals and accuses them of moving more than $2.9 million by directing at least 28 investors to fraudulent platforms, then instructing them to buy Bitcoin at legitimate brokerage firms or cryptocurrency exchanges and then transfer the funds to blockchain addresses associated with the defendants. The SEC noted that the defendants allegedly created websites impersonating multiple professionals associated with well-known U.S. companies and used voice modification software as well as online group chats and social media to cultivate trust and stimulate interest in their alleged trading expertise. An advisory from Investor.gov stated that impersonation scams appear to be increasingly sophisticated due to technological advances, including the use of AI-driven content and deep fake audio or video. In this case, the alleged scam reportedly encouraged investors to research identities stolen from the public records of actual investment professionals. The operators then set up fake investment account interfaces showing floating profits to entice victims to invest more money.

According to official news, 1inch said that on December 9, 2024, its team discovered a security vulnerability, and the attacker fraudulently obtained access to the private key of the owner of the 1inch Labs resolver smart contract. The attacker used this access to change the contract settings and transfer funds from the 1inch resolver. The team acted quickly to respond to the situation, revoked the stolen access rights, and enhanced the protocol security to prevent such incidents from happening again in the future. Because the 1inch protocol is non-custodial, user funds are safe. 1inch applications and infrastructure were not affected and remain completely secure.

According to official news, the mainstream compliant exchange CoinW launched the Telegram contract follow-up applet today. Users can follow orders directly on Telegram without downloading the APP. According to official instructions, users only need to publish trading signals on the CoinW APP, and other users can follow contracts directly on Telegram without downloading the APP. In addition, in order to encourage users to bring orders, all users can bring orders without applying and get profit sharing. The profit sharing ratio is customizable, with a default of 12% and a maximum of 30%. In the future, CoinW will gradually strengthen the advanced functions of the applet and add functions such as strategy trading.

It has been 11 months since the US spot Bitcoin ETF was listed on January 11. How has the BTC ETF developed?

The post Why Crypto Market Is Up Today: Key Reason appeared first on Coinpedia Fintech News The crypto market is on fire! In just 24 hours, the total market cap has skyrocketed by 5.35%, reaching a massive $3.64 trillion, as Bitcoin surges back above the $100K mark. Not only that, but trading volume has also jumped 35%, hitting $225 billion, signaling strong momentum for December.  Altcoins... source: https://coinpedia.org/news/why-crypto-market-is-up-today-key-reason/

In a sign of growing investor trust, Ethereum ETF inflows reached a record $400 million over eight days. Even after a market downturn, Ethereum is holding strong near 0.0384 BTC. This demonstrates its continued ability to be a solid investment in a choppy environment. Ethereum ETF Inflows Hit Record High Amid Eight Consecutive Days of […] The post Ethereum ETF Inflows Hit Record High With... source: https://www.thecoinrepublic.com/2024/12/12/ethereum-etf-inflows-hit-record-high-with-consecutive-days-of-gains/

Travala announced a Bitcoin and Ava reserve after surpassing $100 million in annual revenue, driven by crypto-based travel bookings. The reserves aim to strengthen financial flexibility and support future growth without converting digital assets.

Crypto analyst Dark Defender has predicted that XRP could soon hit $5, potentially setting a new all-time high. The post Here is Why we Could Expect a Major Bullish Move From XRP appeared first on Cryptodnes. source: https://cryptodnes.bg/en/here-is-why-we-could-expect-a-major-bullish-move-from-xrp/

ستنطلق "Beam Ventures" في عام 2025، وستوفّر التمويل وخدمات التسريع للشركات الناشئة في مجال ألعاب البلوكشين، في دولة الإمارات العربية المتحدة. source: https://ar.cointelegraph.com/news/beam-foundation-debut-150-million-gaming-fund-abu-dhabi?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to DefiLlama, cryptocurrency startups received nearly $800 million in venture capital in November. Although this was the fourth highest month of funding this year, it was still down 8% from October. Among them, the blockchain gaming sector raised about $71 million, with Monkey Tilt leading the field with $30 million in funding (led by Pantera Capital). In November, venture capital institutions invested more than $583 million in startups developing cryptocurrency-related infrastructure, making it the highest-funded track. Mainly including $40 million in funding for Zero Gravity Labs and $30 million in funding for Bitcoin mining company Canaan Creative. Following the recovery from September to October, the monthly funding amount of the DeFi ecosystem increased by 31% to $128.2 million. (CryptoSlate)

Overnight, BTC gained momentum again and reached $100,000. Some netizens found that the top 50 altcoins and meme coins that hit new highs in the last bull market, i.e. 2021-2022, did not outperform BTC in terms of market capitalization.

People frequently search for general concepts like “crypto,” “blockchain,” and “token.” Unsurprisingly, the volume of searches for these keywords is directly proportional to the upward movement of the market.

Google introduced Gemini 2.0, its most advanced multimodal AI, designed for versatile tasks with unmatched capability. Wider access is planned for next year, marking a leap in AI innovation.

A Florida mother sued Character.AI, claiming its chatbot encouraged her son's suicide, sparking broader concerns. Two Texas families have now filed lawsuits, alleging the app harmed their children through psychological abuse and exposure to sexualised content.

Tesla and SpaceX boss Elon Musk's net worth has officially exceeded $400 billion, setting a new record for the world's richest person according to the Bloomberg report.

Google has several experimental AI assistant projects that do different things, like helping users play video games and conduct in-depth research.

Crypto phishing scams are growing more advanced, using social engineering and malware to exploit social media users. Scam Sniffer reports attackers impersonate crypto influencers and use bots to mimic verification, raising the pressing question: Are scams evolving faster than we can fight them?