The NFT market is experiencing a contraction in 2023, with daily trading volumes falling significantly compared to previous highs, according to a recent NFT report by Galaxy. Ethereum’s price performance has outpaced NFT projects, causing a breakdown of their longstanding positive correlation. Despite this, NFT activity remains higher than the 12-month lows in November 2022, The post NFT market a ‘game for pros’ in 2023 as volume declines appeared first on CryptoSlate.

The UK Treasury Committee's recent report recommends regulating retail trading and investment in "unbacked crypto assets" like Bitcoin and Ether as gambling. While it acknowledges the potential benefits of cryptocurrencies, the report focuses on the risks they pose. Interestingly, this gambling regulation approach could open up a new possibility for crypto taxation in the UK, considering its tax-free stance on gambling. This could lead to a significant shift in the nation's fintech industry and global crypto landscape, but there's a catch... The post Everything you need to know on UK regulating crypto as gambling appeared first on CryptoSlate.

In the quest for Ethereum scalability, a new proposal by developers under the name Xtreamly challenges the current account abstraction implementation, ERC-4337. The proposed EIP aims to enable stateless account abstraction through a ground-breaking model using "distributed vector commitments" and zk-SNARKs. However, there are potential risks associated with Bloom Filters in this approach, leading to concerns over false positives in an immutable ledger. So, can this innovative solution truly revolutionize Ethereum's scalability, or will it face insurmountable challenges? Unlock the answer in our in-depth Alpha content... The post Alternative to ERC-4337 proposes stateless account abstraction appeared first on CryptoSlate.

As we journey deeper into the 21st century, the technological landscape continues to shift dramatically and 2023 will be recognized as the beginning of the Post-Knowledge Era. Dawn of the Post-Knowledge Era This pivotal moment is characterized by the advent of AI technology that is not just reshaping our world but also threatening knowledge-based, white-collar The post Op-ed: The dawn of the Post-Knowledge Era: AI’s threat to white-collar Jobs appeared first on CryptoSlate.

OpenAI’s record-breaking ChatGPT received a new update Friday, May 12, as access to “experimental features” was rolled out to ‘Plus’ users, including web browsing and third-party plugins. The new features include access to ‘plugins’ which connect ChatGPT to other services such as web browsing, ordering groceries, booking flights, and more. However, users may need to The post ChatGPT plugins hidden in menu for some users as web browsing rolls out to Plus users appeared first on CryptoSlate.