Tag: latest crypto news

What’s Going On With Genius Group Stock Today?

What’s Going On With Genius Group Stock Today?

Genius Group Ltd (AMEX:GNS) shares are trading lower on Thursday following news that the company is being compelled to sell its Bitcoin treasury.

The move comes after a court ruling in the U.S. District Court Southern District of New York, which blocked Genius from selling shares, raising funds and using investor money to purchase Bitcoin.

This injunction was granted as part of a larger legal battle with Fatbrain AI, part of Lzg International Inc (OTC:LZGI), where Genius had initiated arbitration to terminate its asset purchase agreement with the company.

The …

Full story available on Benzinga.com

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Bitcoin falls toward $80K and prints ‘death cross’ as US stocks mimic 2020 COVID-19 crash

Bitcoin falls toward $80K and prints ‘death cross’ as US stocks mimic 2020 COVID-19 crash

Bitcoin (BTC) hit new monthly lows at the April 3 Wall Street open as US unemployment data added to pressure on risk assets.

Bitcoin Price, Markets, Stocks, Market Analysis, S&P 500

BTC/USD 4-hour chart. Source: Cointelegraph/TradingView

Bitcoin gives early April gains as stocks plummet

Data from Cointelegraph Markets Pro and TradingView confirmed the first trip below $82,000 for BTC/USD since the start of the month.

After initially surging as high as $88,580 as the US government unveiled reciprocal trade tariffs, Bitcoin soon ran out of steam as the reality of the stronger-than-expected measures hit home.

US stocks then followed, with the S&P 500 down over 4% on the day at the time of writing.

“Today’s -3.7% drop puts the S&P 500 on track for its largest daily decline since the 2020 pandemic lockdowns,” trading resource The Kobeissi Letter wrote in part of a reaction on X

“Since the after hours high at 4:25 PM ET yesterday, the S&P 500 has erased nearly $3 TRILLION in market cap.”

Bitcoin falls toward $80K and prints ‘death cross’ as US stocks mimic 2020 COVID-19 crash

S&P 500 1-hour chart. Source: Cointelegraph/TradingView

Thereafter, US initial jobless claims came in below estimates, at 219,000 versus the anticipated 228,000, per data from the US Department of Labor (DoL).

“The previous week’s level was revised up by 1,000 from 224,000 to 225,000. The 4-week moving average was 223,000, a decrease of 1,250 from the previous week’s revised average. The previous week’s average was revised up by 250 from 224,000 to 224,250,” an official press release stated.

Stronger labor market trends are traditionally associated with weaker risk-asset performance as they imply that policymakers can keep financial conditions tighter for longer.

Data from CME Group’s FedWatch Tool nonetheless continued to see markets favor an interest-rate cut from the Federal Reserve at the June meeting of the Federal Open Market Committee (FOMC).

Bitcoin falls toward $80K and prints ‘death cross’ as US stocks mimic 2020 COVID-19 crash

Fed target rate probabilities (screenshot). Source: CME Group

“As recession odds rise, markets think that the Fed will be forced to cut rates as soon as next month,” Kobeissi added.

Bearish BTC price action could last “3-6 months”

BTC price action predictably continued to disappoint on short timeframes as $80,000 support became uncomfortably close.

Related: Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

“Stair step up then elevator down,” popular trader Roman summarized in part of his latest X analysis.

Market commentator Byzantine General flagged short positions increasing across major crypto pairs, concluding that tariffs would ensure that lackluster conditions would continue.

“I could see a stop hunt below the local lows before a pump to squeeze shorts, then probably more chop that slopes downward,” he told X followers. 

“I do think that with the tariff responses that are most likely coming upside will be limited.”

Bitcoin falls toward $80K and prints ‘death cross’ as US stocks mimic 2020 COVID-19 crash

Bitcoin and Ethereum market data. Source: Byzantine General/X

Onchain analytics firm Glassnode had more bad news. According to their data, Bitcoin printed a new “death cross” involving the convergence of two midterm moving averages (MAs).

“An onchain analogue to the Death Cross has emerged. The 30-day volume-weighted price of $BTC has crossed below the 180-day, signaling weakening momentum,” an X post announced. 

“Historically, this pattern preceded 3–6 months of bearish trends.”

Bitcoin falls toward $80K and prints ‘death cross’ as US stocks mimic 2020 COVID-19 crash

Bitcoin realized price “death cross” impact data. Source: Glassnode/X

Earlier this week, Glassnode observed that speculative sell-offs in recent months have fallen considerably short of volumes traditionally associated with blow-off BTC price tops.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Bondex Web3 App Surpasses 5M Downloads Amid Growing Interest In Decentralized Career Platforms

Bondex Web3 App Surpasses 5M Downloads Amid Growing Interest In Decentralized Career Platforms

Bondex, a Web3-based professional networking platform, has surpassed 5 million downloads across iOS and Android since its official app launch in mid-2023, the company announced on Wednesday.

Launched in May 2022, the platform aims to offer an alternative to traditional professional networking services by integrating blockchain technology for identity verification, data privacy, and referral-based hiring.

Bondex’s latest figures come amid broader interest in decentralized applications for career-building and talent acquisition.

The company said over 2 million users have completed their profiles on the app, and 400,000 are active on a monthly basis.

Its growth …

Full story available on Benzinga.com

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99% Of Americans Know Bitcoin, But Only 91% Know Dogecoin: Why?

99% Of Americans Know Bitcoin, But Only 91% Know Dogecoin: Why?

One in five American adults own crypto, with 76% viewing it as having a positive impact on their lives, according to a report conducted by the National Cryptocurrency Association.

What Happened: The 2025 State of Crypto Holders Report surveyed 54,000 respondents between late January and early February 2025, showing that 49% of respondents cite increased financial independence as a benefit of cryptocurrency.

45% value crypto as an educational tool, while 45% enjoy engagement with innovative technology.

The report also cited the recent integration of crypto into major financial systems, such as PayPal and Visa, as a major benefit, signaling …

Full story available on Benzinga.com

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ParaSwap rebrands to Velora, introduces intent-based DEX trading feature

ParaSwap rebrands to Velora, introduces intent-based DEX trading feature

Decentralized exchange (DEX) aggregator ParaSwap announced its rebrand to Velora and is moving on to a new intents-based trading feature.

According to an announcement shared with Cointelegraph, Velora’s just introduced its Delta v.2.5 upgrade. This supposedly results in improved flexibility and agility in trade execution on the DEX.

Paraswap has seen 18,000 monthly active users over the last month with 4.3 million smart contract interactions over the past 365 days, according to TokenTerminal data. The platform first introduced intents-based trading back in the summer of 2024, with hopes that it would mitigate the negative impact of maximum extractable value (MEV) bots.

Since then, ParaSwap submitted orders in three steps. First the order is preprocessed defining the expected trade price, then this is submitted to an auction to determine the most efficient execution strategy considering liquidity and timing. The winning agent executes the trade while taking the user’s intent into account and purportedly minimizing MEV exploitation risks.

Related: Hyperliquid DEX trading volumes cut into CEX market share: Data

A crypto MEV bot is an automated program that exploits profit opportunities in blockchain transaction ordering—using tactics like front-running and arbitrage to capture extra value. The project’s founder Mounir Benchemled said at the time:

The presence of MEV impacts not only individual transactions but also the overall fairness, accessibility and decentralization of the DeFi ecosystem, making it one of the most pressing issues that needs addressing.”

Velora’s intent-based trading implementation

Velora’s implementation of intent-based trading is more customizable, giving the user “full control over their execution preferences, unlocks advanced features like limit orders, overcoming the constraints of single-block execution and increasing flexibility.” The new aggregator is also reportedly designed to allow for seamless cross-chain trading and enhanced performance.

Related: Curve Finance clocks $35B trading volume in Q1 2025

Sergej Kunz, Co-Founder of DEX aggregator 1inch, told Cointelegraph that “end users shouldn’t have to worry about the complexities” of decentralized finance. According to him, an intent-based system removes much of this complexity:

“An intent-based system is designed to shift all risk and complexity away from users and into the hands of professionals who specialize in executing advanced DeFi strategies. A true intent-based DEX must provide MEV protection at the protocol level and offload execution complexity to professional trading bots.“

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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How zero-knowledge proofs can make AI fairer

How zero-knowledge proofs can make AI fairer

Opinion by: Rob Viglione, co-founder and CEO of Horizen Labs

Can you trust your AI to be unbiased? A recent research paper suggests it’s a little more complicated. Unfortunately, bias isn’t just a bug — it’s a persistent feature without proper cryptographic guardrails.

A September 2024 study from Imperial College London shows how zero-knowledge proofs (ZKPs) can help companies verify that their machine learning (ML) models treat all demographic groups equally while still keeping model details and user data private. 

Zero-knowledge proofs are cryptographic methods that enable one party to prove to another that a statement is true without revealing any additional information beyond the statement’s validity. When defining “fairness,” however, we open up a whole new can of worms. 

Machine learning bias

With machine learning models, bias manifests in dramatically different ways. It can cause a credit scoring service to rate a person differently based on their friends’ and communities’ credit scores, which can be inherently discriminatory. It can also prompt AI image generators to show the Pope and Ancient Greeks as people of different races, like Google’s AI tool Gemini infamously did last year.  

Spotting an unfair machine learning (ML) model in the wild is easy. If the model is depriving people of loans or credit because of who their friends are, that’s discrimination. If it’s revising history or treating specific demographics differently to overcorrect in the name of equity, that’s also discrimination. Both scenarios undermine trust in these systems.

Consider a bank using an ML model for loan approvals. A ZKP could prove that the model isn’t biased against any demographic without exposing sensitive customer data or proprietary model details. With ZK and ML, banks could prove they’re not systematically discriminating against a racial group. That proof would be real-time and continuous versus today’s inefficient government audits of private data.  

The ideal ML model? One that doesn’t revise history or treat people differently based on their background. AI must adhere to anti-discrimination laws like the American Civil Rights Act of 1964. The problem lies in baking that into AI and making it verifiable. 

ZKPs offer the technical pathway to guarantee this adherence.

AI is biased (but it doesn’t have to be)

When dealing with machine learning, we need to be sure that any attestations of fairness keep the underlying ML models and training data confidential. They need to protect intellectual property and users’ privacy while providing enough access for users to know that their model is not discriminatory. 

Not an easy task. ZKPs offer a verifiable solution. 

ZKML (zero knowledge machine learning) is how we use zero-knowledge proofs to verify that an ML model is what it says on the box. ZKML combines zero-knowledge cryptography with machine learning to create systems that can verify AI properties without exposing the underlying models or data. We can also take that concept and use ZKPs to identify ML models that treat everyone equally and fairly. 

Recent: Know Your Peer — The pros and cons of KYC

Previously, using ZKPs to prove AI fairness was extremely limited because it could only focus on one phase of the ML pipeline. This made it possible for dishonest model providers to construct data sets that would satisfy the fairness requirements, even if the model failed to do so. The ZKPs would also introduce unrealistic computational demands and long wait times to produce proofs of fairness.

In recent months, ZK frameworks have made it possible to scale ZKPs to determine the end-to-end fairness of models with tens of millions of parameters and to do so provably securely.  

The trillion-dollar question: How do we measure whether an AI is fair?

Let’s break down three of the most common group fairness definitions: demographic parity, equality of opportunity and predictive equality. 

Demographic parity means that the probability of a specific prediction is the same across different groups, such as race or sex. Diversity, equity and inclusion departments often use it as a measurement to attempt to reflect the demographics of a population within a company’s workforce. It’s not the ideal fairness metric for ML models because expecting that every group will have the same outcomes is unrealistic.

Equality of opportunity is easy for most people to understand. It gives every group the same chance to have a positive outcome, assuming they are equally qualified. It is not optimizing for outcomes — only that every demographic should have the same opportunity to get a job or a home loan. 

Likewise, predictive equality measures if an ML model makes predictions with the same accuracy across various demographics, so no one is penalized simply for being part of a group. 

In both cases, the ML model is not putting its thumb on the scale for equity reasons but only to ensure that groups are not being discriminated against in any way. This is an eminently sensible fix.

Fairness is becoming the standard, one way or another

Over the past year, the US government and other countries have issued statements and mandates around AI fairness and protecting the public from ML bias. Now, with a new administration in the US, AI fairness will likely be approached differently, returning the focus to equality of opportunity and away from equity. 

As political landscapes shift, so do fairness definitions in AI, moving between equity-focused and opportunity-focused paradigms. We welcome ML models that treat everyone equally without putting thumbs on the scale. Zero-knowledge proofs can serve as an airtight way to verify ML models are doing this without revealing private data.  

While ZKPs have faced plenty of scalability challenges over the years, the technology is finally becoming affordable for mainstream use cases. We can use ZKPs to verify training data integrity, protect privacy, and ensure the models we’re using are what they say they are. 

As ML models become more interwoven in our daily lives and our future job prospects, college admissions and mortgages depend on them, we could use a little more reassurance that AI treats us fairly. Whether we can all agree on the definition of fairness, however, is another question entirely.

Opinion by: Rob Viglione, co-founder and CEO of Horizen Labs.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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