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Join Our Telegram channel to stay up to date on breaking news coverage OpenAI’s much-publicized ChatGPT has finally been legalized again in Italy. The Italian data protection authority, also known as the Garante, had temporarily restricted the use of the Chatbot on its turf citing issues on how the AI works. Garante Concerned With Privacy Of Italian Users The Garante, which is the name for Italy’s data protection authority, had at the start of April restricted the use of OpenAI’s ChatGPT in its territory. This received widespread backlash from several users. However, the European nation stuck to its guns and now its decision is paying off. According to a recent report, the Italian data regulator has welcomed back the chatbot. Italy welcomes back ChatGPT https://t.co/2aNdgzBJaS pic.twitter.com/yGP8Sc7AOb — Pietro Schirano (@skirano) April 28, 2023 An agency spokesperson said the decision was made after OpenAI made some changes to its mode of operat...

In 2022, Argo Blockchain (ARB), which is the solitary cryptocurrency miner listed in the U.K., experienced a significant decline in profits due to the drop in bitcoin’s value and the increased mining difficulty, which led to increased expenses while revenue declined. The London-based firm disclosed a net loss of 194.2 million British pounds ($240 million), or 40.98 pence per share, in contrast to the previous year’s net income of 30.8 million pounds or 7.4 pence per share, according to a statement. Last year, the value of Bitcoin plummeted by over 60%. Bitcoin miners had a tough year in 2022 as revenue declined, energy costs rose, and mining difficulty increased. While some competitors filed for bankruptcy, Argo Blockchain avoided this by selling its Helios mining facility in Texas to Galaxy Digital for $65 million and securing a $35 million loan from Michael Novogratz’s crypto-focused financial services firm, backed by its mining equipment. In the firs...

Bitcoin long-term holders are now profitable again, signaling a potential major market rally. The recent upswing by Bitcoin has brought long-awaited profitability for BTC investors who have held onto the cryptocurrency for a considerable time. Data from on-chain analytics firm Glassnode has shown that Bitcoin’s long-term holders are finally profitable again after staying underwater for almost 12 months. This observation was made today by crypto data aggregator Satoshi Club, who noted that data marks “a potential indicator of a major market rally ahead.” # Bitcoin 's long-term holders are finally profitable again, marking a potential indicator of a major market rally ahead! #Glassnode's data shows LTH-SOPR has crossed above 1 for the first time since May 2022. pic.twitter.com/2oud2DA0YS — Satoshi Club (@esatoshiclub) April 28, 2023   Additionally, Glassnode data also shows the Long-Term Holder- SOPR has finally crossed above the one mark for the first time s...

Google & Polygon Team Up As part of the collaboration, Google, an industry leader in cloud computing will update its Blockchain Node Engine to include support for Polygon, which is a layer-2 solution on Ethereum. As reported earlier on CoinGape, Solana and Ethereum are the only blockchains that are currently supported by Google’s Blockchain Node Engine, which is a streamlined mechanism for developers to access and employ blockchains on Google’s servers. advertisement Read More: UK Proposes Stricter Taxes On DeFi, How Does It Impact Stakers & Investors? While speaking about the partnership, Ryan Wyatt, President of Polygon Labs was quoted as saying: Today’s announcement with Google Cloud aims to increase transaction throughput enabling use cases in gaming, supply chain management, and DeFi. Trending Stories SOL Price Prediction: Bullish Pattern Sets Solana Price for 22% Rise; Enter Today? 24/7 Cr...

Also Read: US Sen. Ted Cruz Reveals Bitcoin Investment Strategy, Declares Ultra-Bullish Outlook advertisement A majority of the S&P 500 companies have been beating expectations, on the back of cost cutting measures like mass layoffs. For instance, Mark Zuckerberg led Meta, which is also heavily invested in the Web 3.0 space with the Metaverse ambition, sacked 10,000 employees in 2022 besides plans to layoff another 21,000 until November 2023. This led to a rising number of high income professionals wanting unemployment benefits, which the Fed will be closely looking at. End Of Fed Rate Hikes? The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Signup Ad According to Fundstrat advisor opinion on Yahoo, the upcoming FOMC meet will affect the last rate hike measures due the need for eas...

Tracing Terra’s Massive Bitcoin Reserve The speculations around the mysterious transfer of Terra’s huge Bitcoin reserve remain unfathomed. LUNAtics await the post-mortem report from Terra Labs regarding the past week’s jarring incident. While the rest of the market observers try to dig in on the whereabouts of the untraceable Terra blockchain. advertisement Neither the creators nor the foundation has released any updates post the crash. All we really know is that on May 9th a huge chunk (52,189 BTC) was moved to a single account on Gemini by LFG. The rest of the bitcoins were moved to an account on the Binance exchange the following day. It is unsure to date whether the bitcoins were sold or moved. It may be vital for those keen on the recovery of the losses, to find out the reality of roughly 80,000 BTC that is currently untraceable. Will Terra (LUNA) price make a comeback? The Wo...