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Good morning, good day, and good evening. Welcome back to The Morning Cup. It’s your weekly recap of the latest in crypto news and your start to the week, no matter where you are. Don’t worry, we’ve selected just what you need to stay up-to-date, so you won’t spend time pouring through the news you don’t need, only the news you care about.
📈 📉 The news that you can’t miss!
BTC overcomes the five-day drop to trade near $23K
After dipping for a fifth consecutive day, Bitcoin (BTC) is finally on the rise again on Monday and is trading near $23,000 at the time of writing. Meanwhile, Ether (ETH) is now at $1,631. As for the 24H gainers on Poloniex, they are BDP/USDT, VOLT/USDT, JST/USDT, FLOKI/USDT and SWFTC/BTC.
🗞️ So, what happened?
Google launches ChatGPT rival Bard as AI tech race heats up
The artificial intelligence (AI) tech war is heating up between Google and Microsoft. Alphabet, the parent company of Google, announced that it will soon launch a conversational AI service called Bard and test user feedback, followed by a public release in the coming weeks. Furthermore, Google plans to add AI features to its search engine meant to synthesize material for complex queries. Microsoft, its direct competitor, has similar plans to embed OpenAI’s capabilities, including ChatGPT, in its own services.
Although it’s unclear how Google would differentiate Bard from OpenAI’s ChatGPT, Alphabet Chief Executive Sundar Pichai said the new service draws on information from the internet, while ChatGPT’s knowledge, according to Reuters, is cut off after 2021. It’s expected that Bard will use LaMDA (Language Model for Dialogue Applications), which is a family of conversational neural language models developed by Google. However, Financial Times reports that Google has invested around $300 million into Anthropic, a startup founded by former OpenAI employees. that focuses on research into AI language models.
Photo credit: Ethereum Foundation
Ethereum activity increased with Shanghai Upgrade to be the next catalyst
Data from Bernstein and DappRadar showed that on-chain activities have healthily increased, with a newly growing interest in non-fungible-tokens (NFTs) led by the launch of a mini-game by Yuga Labs.
Bernstein’s report indicated that the daily fees on the blockchain have more than doubled since the start of the year from around $2 million to $4 million to $6 million.
While the data on DappRadar is similar, according to the analytics firm the sales of NFT assets totaled $946.7 million last month, which is a significant rise from the $683.9 million figure registered in December, and marks the largest market-wide total since June 2022.
Meanwhile, Bernstein keeps an eye on the Shanghai upgrade, due in mid-March, which will enable withdrawals of staked ether. The research firm believes it is possibly the next big catalyst for Ethereum.
🤑 New Listings on Poloniex
Here’s what we’ve listed recently:
New Coins
📌 Image Generation AI (IMGNAI)
Futures
🔍 DYOR before trading
Polopedia
Smart contracts, the backbone of DeFi, is the subject of this week’s Polopedia article.
Crypto Glossary
IEO stands for Initial Exchange Offering, which shares similarities with ICO, which we mentioned last week. However, an IEO is backed by a crypto exchange, which acts as a middleman between investors and startups, to provide them with a more secure and reliable platform for fundraising and investment. To sum up, IEO is seen as an evolution of ICO due to the increasing surveillance in the crypto space.
What’s happening here at Poloniex?
This is what Poloniex’s week looked like
Highlights for the week
Campaigns
Our recap of ongoing campaigns that YOU can get involved in!
We’re having a HUGE airdrop for the listing of $CORE! Join us in our celebration🎉
10,000,000,000 VOLT Airdrop to Celebrate the Listing of Core Network (CORE) (2/6–2/16/23)
10,000,000,000 VOLT Airdrop to Celebrate the Listing of Core Network(CORE)
The community megaphone📢
Highlights from the community
Poloniex Exchange on Twitter: "We are grateful to have such an amazing international community🌍😍🏂 Thank you for sharing @YoNom15 💓 All users are welcome to participate in our contest 📸👉https://t.co/L0KVTvvVKp#PoloniexTurns9 #poloniex https://t.co/TrtnxBIjp2 / Twitter"
We are grateful to have such an amazing international community🌍😍🏂 Thank you for sharing @YoNom15 💓 All users are welcome to participate in our contest 📸👉https://t.co/L0KVTvvVKp#PoloniexTurns9 #poloniex https://t.co/TrtnxBIjp2
Poloniex Exchange on Twitter: "What's your move today? / Twitter"
What's your move today?
Poloniex Exchange on Twitter: "People who predicted 12K #Bitcoin pic.twitter.com/tdjJr2GDpP / Twitter"
People who predicted 12K #Bitcoin pic.twitter.com/tdjJr2GDpP
Poloniex Exchange on Twitter: "Welcome to February!💫 How are your New Year's resolutions going so far? / Twitter"
Welcome to February!💫 How are your New Year's resolutions going so far?
And that about covers it for this week! Curious about our campaigns or upcoming events? Give us a shout in our Telegram channel.
Is there anything you’d want to see us cover in our newsletter? Make sure to comment on this Medium article! Just want to show your appreciation? Smash that clap button and give a round of applause👏
Thanks for spending some time with us as we went over what’s going on. And wherever you are, from the team here at Poloniex, good morning, good day, and good evening!
☕️The Morning Cup: Google launches ChatGPT rival Bard as AI tech race intensifies was originally published in The Poloniex blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.