Charles Morgan New ChatGPT Crypto Bot Satoshi For Traders | Ether Tops $2,100 After Major Upgrade

From: Forbes Crypto Confidential - Saturday Apr 15, 2023 06:00 pm

ETHEREUM LOOSENS HOLD ON COINS, BUT MOST STICK AROUND

Ether, the second-largest cryptocurrency, surpassed the $2,100 price level for the first time in a year after a major software upgrade to the Ethereum blockchain went according to plan. Called Shanghai or Shapella, the update has unlocked $38 billion of ether that had been frozen in a long-term staking program, enabling validators of the chain to withdraw their assets should they choose to do so. Most stakers are standing pat, at least for now, and only $1.8 billion of withdrawals have been requested. About two thirds of that is staked via Kraken. The exchange settled with the U.S. Securities and Exchange Commission in February over charges that it sold unregistered securities.

As of 1:57 p.m. in New York Friday, the cryptocurrency was trading at $2,077, up 10% for the week. Bitcoin, which topped $30,000 for the first time since June on Tuesday, was at $30,275.

FALCONX UNVEILS SATOSHI, NEW AI TRADING TOOL

Artificial intelligence could soon be making waves in the cryptocurrency business, though perhaps not in the way you think. Rather than merging the two technologies, San Francisco-based prime broker FalconX plans to put a chatbot in the co-pilot’s seat for investors.

Using technology created by OpenAI, whose ChatGPT program is helping companies like Microsoft rewire online search, FalconX clients will be able to pose crypto-focused questions to a bot called Satoshi–named for Bitcon’s purported founder Satoshi Namakmoto–and get investment suggestions based on their historical trading activity, portfolios and interests. Read more.

Source: Forbes Digital Assets. Prices as of 4:00 p.m. on April 14, 2023.

TWITTER TAPS ETORO TO LET USERS TRADE STOCKS AND CRYPTO

Twitter said Thursday it had partnered with social investing company eToro to allow users to buy and sell equities and crypto tokens from its app. The company will also expand its collection of real-time financial-market data that can be called up using the social network. Twitter users will have access to trading by using a “view on eToro” button that will take them to the other trading company’s platform.

Elon Musk, who purchased Twitter for $44 billion last year, has been open about transforming the micro-blogging company into an “everything app.” Such superapps, most notably China’s WeChat, are ubiquitous in Asia but have struggled to make inroads elsewhere, something Musk hopes to change. In early April, Twitter’s incorporated name was quietly changed to X Corp.

BLUR: THE NFT MARKETPLACE THAT DETHRONED OPENSEA

San Francisco-based Blur’s rapid ascent has stunned the NFT industry. In just six months, a ten-person startup with $11 million in venture-capital funding managed to unseat $13.3 billion market leader OpenSea. Its sudden emergence and alternative model has shaken the entire non-fungible-token ecosystem, prompting many participants to question audience targeting, creator royalties and NFT utility. Blur still faces many challenges if it hopes to stay on top. Read more.

ELSEWHERE

FTX Could Be Revived As More Customers’ Funds Recovered, Say Lawyers [The Guardian]

SEC Considers Reopening “Exchange” Definition Proposal [Axios]

Solana Saga, An Android Phone With A Crypto Twist [Blockworks]

Steven Elrich
Nina Bambysheva
Reporter
Forbes Money & Markets

Steven Elrich
Steven Ehrlich
Editor
Forbes CryptoAsset & Blockchain Advisor

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Charles Morgan New ChatGPT Crypto Bot Satoshi For Traders | Ether Tops $2,100 After Major Upgrade