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Crypto Market Update: Bitcoin Falls as Ethereum Gas Fees Hit Record Lows

Bitcoin price drops for a second day as institutional demand for stablecoins cools. A holder, in particular, burnt nearly $90,000 in ethereum fees to perform a transaction that cost less than $2, all this having come at a time when eth’s gas fees tumbled to lows last seen in 2016. At the same time, the American authorities have declined to set a date on the listing of the Hashdex Nasdaq Crypto Index exchange-traded fund (ETF). Bitcoin price drops below $59,000 as institutions stop buying stablecoins Large investors have stopped purchasing stablecoins for the last two days thus making Bitcoin to be below a vital psychological price. Over the past day, the Bitcoin BTC price fell 3. down from $62,510 touched earlier in the week, BTC/USD was trading 9% lower at $58,930 as of 08:03 am UTC on Aug 12. BTC/USD, 1-month chart. Source: Cointelegraph The drop below the $60,000 mark was likely caused by institutions stopping their stablecoin buying frenzy, according to an Aug. 12 X post from onchain analytics platform Lookonchain:The drop below the $60,000 mark was likely caused by institutions stopping their stablecoin buying frenzy, according to an Aug. 12 X post from onchain analytics platform Lookonchain: TO READ FULL ARTICLE: CLICK HERE The post Crypto Market Update: Bitcoin Falls as Ethereum Gas Fees Hit Record Lows appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Crypto Industry Sees Women Earning Higher Median Salaries Than Men

But according to a survey that was conducted recently, the ladies in crypto earn 13.9% more than men on a median salary basis which has sparked what is referred to as the ‘reversed’ gender wage gap. Full-time working women in the crypto industry in the United States earned a median of $172,000 compared to men, who earned $150,000, a compensation study by Pantera Research Lab showed. “Thus, based on the information obtained, it can be concluded that, for example, the gender wage differentials among crypto employees are quite the opposite to what experts are used to,” Pantera’s researchers Matt Stephenson, Ally Zach, and Nick Zurck noted in their update on July 29. Women at non-crypto companies primarily only make $0. Down to $0.84 for every dollar the men make, the researchers at the venture capital firm specializing in digital assets added. “The wages in crypto are not too low and not too high, which indicates that there is a shift towards better gender equality in this still rather young industry. ” Median base salaries between male and female employees. Source: Pantera Research Pantera gathered the data from 502 full-time employees in the United States from June 4 to July 20 of the year 2024. The online questionnaire was distributed through professional sites like linked in, x, through newsletters and e-mails. The higher salaries for women may partly be due to women having more work experience at crypto companies where the median time frame is 5 years. Three years as opposed to four. 5 years for men. TO READ FULL ARTICLE: CLICK HERE The post Crypto Industry Sees Women Earning Higher Median Salaries Than Men appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

OpenAI Might Lose $5 Billion in 2024, Putting Its Future at Risk: Report

Let me bring you up with the news that OpenAI is running a loss making business and is predicted to lose as much as $5 billion in the next year, 2024, a position that may force OpenAI, the maker of ChatGPT, out of business in the next twelve months, as analysed by The Information. As claimed in the report that relied on information from new financial documents and insiders about the business, OpenAI plans to spend over $7 billion on the AI training only and over $1. 5 billion on staffing. That is significantly higher than the claimed figure of competitors like the Anthropic backed by Amazon, which plans to reach a burn rate of $2. 7 billion. This amounts could mean that OpenAI will have to withdraw on another funding round, within the next one year, in order to strengthen it is balance sheet as stated in the report. Exactly, as of now, OpenAI was funded for seven times and managed to attracted more than eleven (11) billion dollars, information deduced from Tracxn More recently the new funding was private and Laurence and Tilan Lupin in April 2021 with funds from ARK Investment Management that the amount raised was undisclosed. Read also: DexCheck AI Revolutionizes Crypto Trading with Advanced AI and ML Analytics Earlier, OpenAI did not respond to requests for comments. ChatGPT was unveiled by OpenAI in November 2022. The AI assistant started to gain the target popularity rapidly and reached over one hundred million of weekly active users. The American AI firm revealed the development of a new generative AI, GPT-4o Mini on July 18. Source: Sam Altman OpenAI is also said to be developing another AI model that has an ability of reasoning that is far much higher than the current GPT-4o. The new model, which will be named “Strawberry”, will also respond more like a human, it is said. It experiences legal pressures, such as a possible probe by the United States Securities and Exchange Commission connected to misbehavior regarding NDAs. On July 23, US lawmakers wrote to OpenAI’s chief executive officer Sam Altman regarding safety measures and employment policies in OpenAI. TO READ FULL ARTICLE: CLICK HERE The post OpenAI Might Lose $5 Billion in 2024, Putting Its Future at Risk: Report appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Ethereum Gas Fees: Are They Too High or Too Low? The Debate Continues

Those people who are unhappy with fluctuating gas fees – on Ethereum or any other blockchain, for that matter, are thinking wrong about the future of crypto. Most of the discussion has been centered on whether Ethereum’s gas fees are too pricey. This year, its fees have become dizzyingly low – partly due to rollups – but spiked during the Aug 4-5 crash. So which is it? In a rather shocking and unexpected manner, all the items were in fact functioning exactly as they should be. It is a series of events in form of up jumps which you expect of a wholesale market during the high a demand. It is all these that those who point to these as having gone wrong have the wrong vision of where we want the crypto space to be. Wedded to that, the modular scaling philosophy is grounded in the notion that blockchains are not activity processing networks, they are providers of a scarce object: secure block space. Similar to any other commodity, which is a limited good: (similar to land, oil, electricity) the required secure block space is bought at an auction and is handed over to the individual who requires it most. This will most probably be either a whale or a wholesale buyer like a layer 2. Some users complained about gas fees during market volatility between Aug. 4-5. Source: X Monolithic chains have more of a network philosophy: they feel that they should be able to cater for all the clients in equal proportion. This is untenable because blockchains aren’t just networks in a similar way the internet is a network. It’s not disastrous if a video stream or an email is a few moments late. Securities that are involved in important financial transactions can be seriously threatened even if the event is slight, and if the important transaction is delayed a little, it becomes a catastrophe. Blockchains are ultimately predictable and secure layers of transfer and settlement, but this also means that for those ubiquitously connected participants who form the backbone of the current and future global economy, blockchains remain mostly opaque. As with any such service elsewhere, the service is tiered, as is the price of the service. CLICK HERE TO READ FULL ARTICLE The post Ethereum Gas Fees: Are They Too High or Too Low? The Debate Continues appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Upcoming Kickstarter Launch for Time Travel Trial: Science, Discovery and the Future of Human Understanding in Late August

This project explores the fascinating possibilities of time travel, combining scientific theories like Einstein's relativity and the concept of wormholes with engaging narratives that challenge our understanding of time itself. It delves into the potential realities and paradoxes of traveling through time, offering both educational insights and an entertaining journey through one of humanity’s most enduring mysteries. Designed to be accessible and thought-provoking, this work invites readers to imagine the implications of bending time and to consider how such a discovery could reshape our future. United States, 20th Aug 2024 - The mysteries of time travel have fascinated humanity for generations, captivating our imaginations through countless books, movies, and theories. Now, with the upcoming release of "Time Travel Trial: Science, Discovery, and the Future of Human Understanding," you’re invited to embark on a journey through time like never before. Set to launch on Kickstarter in just a few days, this groundbreaking book blends scientific exploration with engaging narratives, offering readers an accessible yet profound dive into the world of time travel.A Journey Through Time’s Mysteries"Time Travel Trial" delves deep into the science that underpins time travel, bringing to life the theories and possibilities that have intrigued both scientists and storytellers for decades. From Einstein’s revolutionary ideas on relativity to the theoretical concept of wormholes and the tantalizing possibilities they present, the book explores how time travel might one day be within our reach—or how it could remain an elusive dream.But this book isn’t just about science; it’s crafted to entertain as well as inform. "Time Travel Trial" takes complex scientific concepts and presents them in a way that’s both engaging and easy to understand, ensuring that readers are not only educated but also entertained. Whether you’re a science enthusiast, a fan of speculative fiction, or simply curious about the nature of time, this book offers something for everyone.Exclusive Content and Interactive LearningThe Kickstarter campaign for "Time Travel Trial" isn’t just about bringing a book to life—it’s about creating a comprehensive experience for supporters. Backers will not only receive a beautifully crafted hardcover or eBook version of the book, but they’ll also gain exclusive access to an online course designed to deepen their understanding of the concepts explored in the book. This course, led by experts in the field, will guide participants through the intricacies of time travel, offering both theoretical insights and practical applications.Why Kickstarter?Kickstarter has been chosen as the platform to bring "Time Travel Trial" to life because it offers a unique opportunity to connect directly with readers and supporters. By backing this project, you’re not just pre-ordering a book—you’re becoming part of a community that’s passionate about exploring the boundaries of science and imagination. The funds raised will go towards printing the hardcover books, finalizing the eBook, producing the online course, and covering shipping and marketing costs to ensure the project’s success.Risks and ChallengesAs with any project, there are risks and challenges to consider. Shipping logistics, particularly for international backers, can present unexpected hurdles. Additionally, reaching the funding goal is crucial to making this project a reality. Finally, effective marketing will be key to ensuring that the book reaches its intended audience. However, with a solid plan in place and the support of a passionate community, "Time Travel Trial" is poised to overcome these challenges and deliver a truly unique and enriching experience.About the AuthorMichelle Moore, the visionary behind "Time Travel Trial," is an experienced author and researcher with a deep passion for exploring the unknown. With years of experience investigating unexplained phenomena, Michelle has dedicated herself to uncovering the truths behind some of the most fascinating and mysterious aspects of our universe. Based in Kentucky, where she lives with her husband and son, Michelle combines her love for science and storytelling to create works that challenge our perceptions and ignite our imaginations.Launch Date and How to SupportThe Kickstarter campaign for "Time Travel Trial" is set to launch in late August. Supporters can choose from various reward tiers, including exclusive access to the eBook, a beautifully bound hardcover edition, and the opportunity to participate in an interactive online course. By joining the campaign, backers will not only receive these rewards but also become part of a community dedicated to exploring one of humanity’s most intriguing questions: Is time travel possible?Stay tuned for more updates and be ready to embark on an unforgettable journey through time with "Time Travel Trial."Kickstarter link: https://www.kickstarter.com/projects/michelle-moore/time-travel-trial-the-pursuit-of-times-boundaries (the project will not go live until the end of August) Media Contact Organization: Time Travel Trial Contact Person: Michelle Moore Website: https://timetraveltrial.com Email: Send Email Country:United States Release id:15921

Revolutionizing Gutter Cleaning in Ann Arbor Michigan: New Small Business

Your trusted source for professional gutter cleaning in Ann Arbor, MI. We specialize in providing top-quality gutter cleaning services to keep your home protected from water damage and maintain the longevity of your roof and foundation. Ann Arbor, MI, United States, 19th Aug 2024 - Gutter Cleaners AA Revolutionizes Gutter Cleaning Services in Ann Arbor, MIGutter Cleaners AA, a pioneer in residential and commercial gutter maintenance, proudly announces a significant expansion of its gutter cleaning services in Ann Arbor, MI. This strategic growth comes in response to the increasing demand for professional gutter care in the area, reinforcing the company's commitment to protecting Ann Arbor homes and businesses from water-related damages.Gutter Cleaning Ann Arbor MI: A Crucial Home Maintenance TaskIn Ann Arbor, MI, gutter cleaning is not just a routine chore; it's a critical aspect of property maintenance. The city's unique climate, characterized by abundant rainfall and heavy snowfall, makes regular gutter cleaning in Ann Arbor, MI essential for preventing a myriad of issues that can compromise a building's structural integrity.Chris Williams, the visionary owner of Gutter Cleaners AA, emphasizes the importance of professional gutter cleaning services: "Here in Ann Arbor, MI, gutter cleaning is more than just removing leaves. It's about safeguarding homes and businesses against water damage, foundation problems, and landscape erosion. Our expanded services ensure that more property owners in Ann Arbor can access top-tier gutter cleaning, protecting their investments year-round."Comprehensive Gutter Cleaning Services in Ann Arbor, MIGutter Cleaners AA's enhanced gutter cleaning services in Ann Arbor, MI now include:1. Thorough Debris Removal: Using state-of-the-art equipment, technicians meticulously clear gutters of leaves, twigs, and other debris that can cause blockages.2. Gutter Flushing and Flow Testing: After debris removal, gutters are flushed with water to ensure proper flow and identify any remaining obstructions.3. Comprehensive Inspection: Trained professionals conduct a detailed inspection of the gutter system, identifying potential issues before they escalate into costly problems.4. Minor Repairs During Cleaning: Small repairs, such as reattaching loose gutters or replacing missing fasteners, are performed on the spot to prevent further damage.5. Downspout Cleaning: Thorough cleaning of downspouts to ensure proper water diversion away from the property's foundation.6. Gutter Guard Assessment: Evaluation of existing gutter guards or recommendations for installation to reduce future cleaning needs.7. Customized Maintenance Plans: Tailored gutter cleaning schedules based on the property's specific needs and surrounding landscape.The Importance of Professional Gutter Cleaning in Ann Arbor, MIAnn Arbor's weather patterns present unique challenges for homeowners and businesses alike. The city experiences significant rainfall throughout the year, with autumn bringing an influx of falling leaves that can quickly clog gutters. Winter snow and ice can create additional stress on gutter systems, making professional gutter cleaning in Ann Arbor, MI a year-round necessity."Many Ann Arbor residents underestimate the impact of neglected gutters," Chris explains. "Clogged gutters can lead to water overflow, which can damage fascia boards, erode landscapes, and even compromise foundations. Regular gutter cleaning in Ann Arbor, MI is an investment in the longevity and value of your property."Gutter Cleaners AA's Commitment to Excellence in Gutter CleaningWhat sets Gutter Cleaners AA apart in the realm of gutter cleaning in Ann Arbor, MI is its unwavering commitment to quality and customer satisfaction. The company employs only highly trained and experienced technicians who understand the nuances of gutter systems and the specific challenges posed by Ann Arbor's climate."Our team doesn't just clean gutters; they provide a comprehensive gutter health check with every service," Chris proudly states. "When it comes to gutter cleaning in Ann Arbor, MI, we believe in going above and beyond to ensure our clients' peace of mind."Innovative Approaches to Gutter Cleaning in Ann Arbor, MIAs part of its service expansion, Gutter Cleaners AA is introducing cutting-edge technologies to enhance the efficiency and effectiveness of gutter cleaning in Ann Arbor, MI. These innovations include:- High-powered vacuum systems for debris removal- Advanced camera inspection tools for thorough gutter assessment- Eco-friendly cleaning solutions that are safe for plants and pets- GPS tracking for accurate service scheduling and technician dispatchEnvironmental Responsibility in Gutter CleaningGutter Cleaners AA is also taking steps to ensure its gutter cleaning services in Ann Arbor, MI are environmentally responsible. The company has implemented a green waste management program, ensuring that debris removed from gutters is properly composted or recycled whenever possible."We understand that Ann Arbor residents value sustainability," chris notes. "Our gutter cleaning services are designed to protect not just individual properties, but also our community's environmental health."Community Engagement and EducationAs part of its commitment to the Ann Arbor community, Gutter Cleaners AA is launching an educational initiative to raise awareness about the importance of gutter maintenance. This program includes free workshops, informational materials, and partnerships with local schools and community organizations to spread knowledge about proper gutter care and its impact on home maintenance.Looking to the Future of Gutter Cleaning in Ann Arbor, MIWith this significant expansion, Gutter Cleaners AA is poised to meet the growing demand for professional gutter cleaning in Ann Arbor, MI. The company is also exploring additional services to complement its core offerings, including gutter installation, repair, and the application of gutter protection systems."As we grow, our focus remains on providing the best possible gutter cleaning services to Ann Arbor residents and businesses," Chris concludes. "We're excited about the future and committed to keeping Ann Arbor's gutters flowing freely for years to come."For more information about gutter cleaning in Ann Arbor, MI, or to schedule a service, please call (734) 333-9500 Media Contact Organization: Gutter Cleaning Ann Arbor MI Contact Person: Chris Williams Website: https://guttercleaningannarbormi.com/ Email: Send Email Contact Number: +17343339500 Address:200 S 1st Street Ste 66 City: Ann Arbor State: MI Country:United States Release id:15697