Cryptocurrency
Meta unveiled its AI processor with 128 cores
Meta has unveiled a new processor called MTIA v1 with 128 cores for data centers, marking a significant advancement in artificial intelligence technology. The company made the announcement on its official website. The processor operates at a clock frequency of 800 MHz and consumes less than 25 watts of power. It consists of 64 processing units, each containing 128 cores (two RISC-V cores per unit). The chip supports up to 64GB of RAM.
Initially, Meta had intended to utilize GPUs for testing the chip, focusing on artificial intelligence (AI) requirements. However, the company discovered that GPUs were not always optimal for specific workloads. The current version of the processor will not be available in the market due to performance limitations, as it was primarily designed for experimental purposes. Meta may release a commercial version of the chip in the future, but details and timing have not been disclosed.
Meta has accelerated its AI development in response to the immense popularity of OpenAI’s ChatGPT chatbot. Meta founder Mark Zuckerberg announced in February that the company would allocate resources to develop its own chatbot. However, no specific details were provided, except for Meta’s increased emphasis on AI specialists.
Meanwhile, OpenAI aims to raise $100 billion in the next few years to create a superintelligent AI system surpassing human cognitive capabilities. Sources within OpenAI, interviewed by Reuters, predict the company’s revenue will reach $200 million in 2023 and $1 billion by early 2024. The exact methods OpenAI plans to employ to achieve such a substantial increase in capital influx remain unclear. It is assumed that some of the revenue will come from paid access to ChatGPT.
Earlier we reported that Number of dormant BTCs rises, hodlers refuse to sell bitcoins.
Cryptocurrency
Shiba Inu (SHIB) Outperforms Bitcoin and Dogecoin on This Front: Details
TL;DR
- SHIB tops some trading charts for April, surpassing BTC, DOGE, and ETH, showcasing its consistent popularity among traders.
- Analysts like Ali Martinez and Rekt Capital anticipate a potential Shiba Inu bull run, with buy orders placed and bullish predictions suggesting triple-digit price increases.
SHIB’s Solid Achievement
Shiba Inu continues to make the headlines by registering substantial price spikes and achieving numerous advancements.
For example, it topped WazirX’s ranking as the most-traded cryptocurrency for April, leaving Bitcoin (BTC), Dogecoin (DOGE), Pepe (PEPE), and Ethereum (ETH) behind.
Top five traded coins on WazirX in April’24:
🚀 $SHIB
🚀 $BTC
🚀 $DOGE
🚀 $PEPE
🚀 $ETHWhich one did you trade the most? pic.twitter.com/Fc1E76f8Lk
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) May 3, 2024
This is not the first time the meme coin has topped that ranking. It was the most-traded digital currency on WazirX’s platform in March, surpassing BTC, PEPE, FLOKI, and DOGE. Recall that SHIB was the second-most traded cryptocurrency on the trading venue for 2023.
It is worth mentioning that WazirX is among the leading Indian cryptocurrency exchanges, with over 6 million registered users and monthly trading volume equaling billions of dollars. It is part of the Binance group and serves clients in more than 180 countries.
Recent SHIB Price Predictions
The meme coin’s price has been flashing green for the past few days, with some analysts suggesting that a more substantial rally could be on the horizon. One example is the X user Ali Martinez, who admitted placing buy orders, hoping for a 300% surge.
Rekt Capital and crypto content creator Jake Gagain also outlined bullish predictions recently. The former envisioned a triple-digit price increase, whereas the latter argued that “fading” Shiba Inu “is a major mistake.”
The resurgence of Shiba Inu‘s burn rate and the development of the layer-2 blockchain solution – Shibarium – are two major factors that could positively impact the asset’s value. As CryptoPotato reported, over 81 million tokens were destroyed in the last 24 hours, while the network underwent two essential upgrades.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!
Cryptocurrency
BTCC Exchange Launches World Trading Competition with Record-breaking 10M USDT in Prize Pools
[PRESS RELEASE – Vilnius, Lithuania, May 6th, 2024]
BTCC Exchange, the world’s longest-serving cryptocurrency platform, announces the BTCC World Trading Competition (BWTC) 2024 kickoff, featuring an unprecedented prize pool of 10 million USDT. This global competition, organized into three main categories, invites participants worldwide, underlining BTCC’s commitment to inclusivity and diversity in cryptocurrency trading.
The competition’s categories—individual trading, copy trading, and referral competition—are designed to accommodate traders of all skill levels and preferences. The individual trading competition, already open for registration, features a significant shared prize pool of 1.4 million USDT, offering participants the chance to earn up to 26,700 USDT monthly.
As in the copy trading competition segment, participants are divided into two groups: lead traders and copy traders. Lead traders compete for a 50,000 USDT prize pool based on their lead trading performance, while copy traders vie for 30,000 USDT, with rankings determined by their copy trading volume.
In addition to the typical trading formats above, BTCC stands out by including a referral competition. This encourages existing users to introduce new traders to the platform, with a prize pool of 65,000 USDT awarded monthly based on the referred traders’ volume and the number of new users brought in.
Alex, Head of Operations at BTCC, shared his excitement about the launch: “Our competitions reflect our dedication to inclusivity. We offer diverse contests ranging from solo trading to copy trading, and reward those who expand our community through referrals.”
The BWTC 2024 will introduce more categories of trading competitions, providing users with exciting opportunities to win from the extensive prize pools.
This year, BTCC continues to demonstrate its dedication to making crypto trading more accessible through various rewarding campaigns. Their recent Bitcoin halving campaign celebrated the platform’s observation of its fourth Bitcoin halving since its inception, distributing significant rewards to participants.
Now entering its 13th year, BTCC remains focused on expanding its campaign offerings to attract both novice and seasoned traders, maintaining its prominence in the crypto exchange industry.
About BTCC
Established in 2011, BTCC is one of the world’s most established cryptocurrency exchanges. Its mission is to make cryptocurrency trading accessible and reliable for everyone, continually adapting and innovating to meet traders’ needs across the globe.
Website: https://www.btcc.com
Twitter: https://twitter.com/BTCCexchange
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!
Cryptocurrency
DOGE Skyrockets After Tesla Adds Dogecoin аs Payment Method
Tesla, the renowned electric car manufacturer led by Elon Musk, has officially integrated Dogecoin (DOGE) as a payment option on its website.
This month, DOGE has surged over 35%, with the Tesla announcement significantly fueling its rise.
Tesla Integrates DOGE Payments
Tesla has officially embraced Dogecoin, with the payment page updated to feature the OG meme coin. The addition specifies that DOGE can only be used to pay for select products, including merchandise within the online Tesla Shop.
The first response in the FAQs section instructs users to search for the Dogecoin symbol next to the “order” button for eligible products. According to the support page, individuals interested in making a purchase on the Tesla shop using Dogecoin must first own a “Dogecoin wallet.”
A disclaimer also states, “It is the responsibility of the purchaser to ensure that Dogecoin is transferred to Tesla’s Dogecoin wallet accurately.”
Following the announcement, Dogecoin surged by 21% to $0.1685, presently trading at $0.1672, marking a 4% increase in the last 24 hours, indicative of the market’s favorable response to Tesla’s adoption of the cryptocurrency for payments.
Meanwhile, analysts suggest that DOGE is on a bullish path. Various indicators related to the Dogecoin ecosystem have seen notable increases. Over the past three months, the number of non-empty DOGE wallets has surged by 13.8%.
The aggregate daily volume for transactions exceeding $100,000 has nearly reached $1.5 billion, marking a 12% rise compared to figures observed on May 1.
Daily active addresses have experienced a 20% increase, surpassing 66,000. As of May 4, Dogecoin stood out as one of the top performers with a 6% increase doubling down on its bull run.
Tesla’s History with DOGE
This isn’t the first time Elon Musk’s companies have dabbled in cryptocurrency payments. Elon Musk had previously stated that Tesla would start accepting Dogecoin as payment for some of its merchandise.
In January 2022, Tesla began accepting Dogecoin as an experiment, offering various company merchandise for DOGE, such as the Tesla Cyberwhistle and the “Giga Texas” belt buckle. Following suit, SpaceX, another Musk-led company, also embraced Dogecoin payments.
Fast forward to March 2024, during Musk’s visit to the Giga factory in Berlin, where he hinted at implementing Dogecoin payments for Tesla’s electric cars. Musk’s statement caused a 10% price surge in DOGE immediately after.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!
- Forex2 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
How is the Australian dollar doing today?
- Forex1 year ago
Unbiased review of Pocket Option broker
- Forex2 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Cryptocurrency2 years ago
What happened in the crypto market – current events today
- World2 years ago
Why are modern video games an art form?
- Stock Markets2 years ago
Morgan Stanley: bear market rally to continue
- Economy2 years ago
Crude oil tankers double in price due to EU anti-Russian sanctions