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Bitcoin hits new yearly highs as BTC price rebounds to $31.5K

Bitcoin (BTC) reached new 2023 highs on July 6 as a fresh bounce off key support buoyed bulls.

BTC/USD 1-day chart. Source: TradingView

Bitcoin analyst warns of “predatory range”

Data from Cointelegraph Markets Pro and TradingView showed BTC price action surging through the top of its recent trading range.

Analysts had previously reckoned on the largest cryptocurrency dropping further, potentially reaching $28,000 to offer a classic “buy the dip” opportunity.

With momentum headed back upward, Michaël van de Poppe, founder and CEO of trading firm Eight, was optimistic.

“I hope your long entries are filled on Bitcoin. Looks quite decent here, and I think we’ll slowly continue grinding to the upside,” he told Twitter followers.

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Market Analysis

UAE emerges as a pro-Bitcoin mining destination in the Middle East

The United Arab Emirates’ combined Bitcoin mining capacity is estimated to be around 400 megawatts or 4% of Bitcon’s global hash rate.

Bitcoin

UAE emerges as a pro-Bitcoin mining destination in the Middle East

The United Arab Emirates’ combined Bitcoin mining capacity is estimated to be around 400 megawatts or 4% of Bitcon’s global hash rate.

Regulations

Top 5 dog-themed cryptocurrencies by market cap

Barking with community-driven enthusiasm and bone-rattling potential, dog-themed coins are forming a pack on the stage of emerging digital assets. In recent years, the cryptocurrency world has witnessed a surge in the popularity of dog-themed digital assets. These endearing tokens, which drew inspiration from the popular Doge meme, have swept the cryptocurrency industry by storm, enthralling both investors and enthusiasts.

While Dogecoin (DOGE) holds the reins as the pioneer in this pack, other dog-themed coins have also emerged as formidable contenders, boasting impressive market capitalization and dedicated communities. It’s a testament to the power of cute and lighthearted memes to bring people together within the dynamic and ever-evolving crypto landscape.

Despite their seemingly playful nature, these tokens prove that the crypto world has a knack for uniting individuals around assets that may not have an obvious practical purpose but capture the collective imagination.

Below are the top five dog-themed cryptocurrencies based on their market capitalization. However, please note that due to the dynamic nature of the cryptocurrency market, the rankings of the tokens discussed in this article are subject to change.

Dogecoin (DOGE)

In 2013, Dogecoin (DOGE) was launched as a meme-inspired cryptocurrency featuring the image of a Shiba Inu, a seated Japanese dog breed, with its paws folded over each other. It relies on a scrypt algorithm and offers features such as low prices and unlimited supply. While initially created as a satire of the cryptocurrency hype, Dogecoin has evolved into a unique altcoin with a vibrant community.

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Altcoins

Bill to exempt foreigners from crypto taxes passes preliminary reading in Israel

The bill would also level up crypto bonuses with employee stock options by reducing the current 50% tax to 25%.

Regulations

Bitcoin bull run incoming: Binance CEO Changpeng Zhao reveals when

During a Twitter Space on July 5, Binance CEO Changpeng Zhao delivered his forecast for the next Bitcoin bull run.

Bitcoin

Crypto’s Indiana Jones? Coinbase exec helps recover $322K worth of once-lost crypto

Conor Grogan tracked down $322,000 worth of dormant ETC and returned it to its owner, who was unaware the money ever existed.

Blockchain

Bitcoin miners raked up $184M in fees in Q2, surpassing all of 2022

It's been one of the most lucrative quarters for those that profit from Bitcoin transaction fees in nearly two years.

Bitcoin

Bitcoin miners raked up $184M in fees in Q2, surpassing all of 2022

It's been one of the most lucrative quarters for those that profit from Bitcoin transaction fees in nearly two years.

Blockchain

CFTC investigators conclude ex-Celsius CEO Mashinsky broke US rules: Report

If the majority of CFTC commissioners agree with that conclusion, it could file a case in federal court.

Regulations

Super Mario: Crypto Thief, SEGA blockchain game, AI games rights fight — Web3 Gamer

Valve allows AI content on Steam

Game developers can use AI-generated content in games listed on Steam. But only if it isn’t generated using copyright-infringing content.

That’s the official line from Valve, the creators of game publishing platform Steam, which it made in response to a June Reddit post that’s been making the rounds about a developer who had his game rejected by Steam for using AI.

Developer Artoonu, who specializes in creating NSFW games (think furries and hentai), said the company asked him to “affirmatively confirm that you own the rights to all of the IP used in the data set that trained the AI to create the assets in your game” for it to be accepted, which is an impossible ask.

Valve, it seems, is worried about the legal implications of hosting AI-generated content. And perhaps they should be. Artists are furious about the fact that AI image generators are trained on their work. ChatGPT pulls massive amounts of data from the web, much of which is copyrighted. Recordings of voice artists from years ago have been dug up and are being used by companies to train AI voice models without their explicit consent.

Valve spokesperson Kaci Boyle told Gizmodo this week that the introduction of AI was making it harder to show that a developer has sufficient IP rights when they use AI to create assets, including images, text, and music.

Gamer 1
Weekly Overview

Super Mario: Crypto Thief, SEGA blockchain game, AI games rights fight — Web3 Gamer

Valve allows AI content on Steam

Game developers can use AI-generated content in games listed on Steam. But only if it isn’t generated using copyright-infringing content.

That’s the official line from Valve, the creators of game publishing platform Steam, which it made in response to a June Reddit post that’s been making the rounds about a developer who had his game rejected by Steam for using AI.

Developer Artoonu, who specializes in creating NSFW games (think furries and hentai), said the company asked him to “affirmatively confirm that you own the rights to all of the IP used in the data set that trained the AI to create the assets in your game” for it to be accepted, which is an impossible ask.

Valve, it seems, is worried about the legal implications of hosting AI-generated content. And perhaps they should be. Artists are furious about the fact that AI image generators are trained on their work. ChatGPT pulls massive amounts of data from the web, much of which is copyrighted. Recordings of voice artists from years ago have been dug up and are being used by companies to train AI voice models without their explicit consent.

Valve spokesperson Kaci Boyle told Gizmodo this week that the introduction of AI was making it harder to show that a developer has sufficient IP rights when they use AI to create assets, including images, text, and music.

Gamer 1
Altcoins

Super Mario: Crypto Thief, SEGA blockchain game, AI games rights fight — Web3 Gamer

AI-assisted game development leads to fights over rights, SEGA and Ubisoft’s first blockchain games, and Super Mario: Crypto Thief.

Bitcoin

Super Mario: Crypto Thief, SEGA blockchain game, AI games rights fight — Web3 Gamer

AI-assisted game development leads to fights over rights, SEGA and Ubisoft’s first blockchain games, and Super Mario: Crypto Thief.

Blockchain

Super Mario: Crypto Thief, SEGA blockchain game, AI games rights fight — Web3 Gamer

AI-assisted game development leads to fights over rights, SEGA and Ubisoft’s first blockchain games, and Super Mario: Crypto Thief.

Ethereum

Super Mario: Crypto Thief, SEGA blockchain game, AI games rights fight — Web3 Gamer

AI-assisted game development leads to fights over rights, SEGA and Ubisoft’s first blockchain games, and Super Mario: Crypto Thief.

Regulations

Super Mario: Crypto Thief, SEGA blockchain game, AI games rights fight — Web3 Gamer

Valve allows AI content on Steam

Game developers can use AI-generated content in games listed on Steam. But only if it isn’t generated using copyright-infringing content.

That’s the official line from Valve, the creators of game publishing platform Steam, which it made in response to a June Reddit post that’s been making the rounds about a developer who had his game rejected by Steam for using AI.

Developer Artoonu, who specializes in creating NSFW games (think furries and hentai), said the company asked him to “affirmatively confirm that you own the rights to all of the IP used in the data set that trained the AI to create the assets in your game” for it to be accepted, which is an impossible ask.

Valve, it seems, is worried about the legal implications of hosting AI-generated content. And perhaps they should be. Artists are furious about the fact that AI image generators are trained on their work. ChatGPT pulls massive amounts of data from the web, much of which is copyrighted. Recordings of voice artists from years ago have been dug up and are being used by companies to train AI voice models without their explicit consent.

Valve spokesperson Kaci Boyle told Gizmodo this week that the introduction of AI was making it harder to show that a developer has sufficient IP rights when they use AI to create assets, including images, text, and music.

Gamer 1
Market Analysis

dYdX exchange launches testnet for 'fully decentralized' version 4

The crypto exchange launched a testnet featuring an on-chain order book and matching engine, doing away with the centralized components found on the mainnet version.

Ethereum

dYdX exchange launches testnet for 'fully decentralized' version 4

The crypto exchange launched a testnet featuring an on-chain order book and matching engine, doing away with the centralized components found on the mainnet version.

Blockchain

Twitter receives money transmitter licenses in three US states

Michigan, Missouri, and New Hampshire have granted money transmitter liscenses to Twitter Payments LLC, leaving 47 U.S. states yet to weigh in.

Regulations

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