A team of academic researchers from the International Hellenic University and Democritus University of Thrace in Greece recently published a paper supporting the “efficient market hypothesis” (EMH) for bitcoin trading.

EMH is a controversial theory that the researchers claim contributed to the development of models capable of outperforming the hodl strategy by nearly 300% in simulated crypto portfolios.

According to their research paper:

“We manage to generate models whose forecasts give investors the ability to record higher profits than the ones they would have if they followed the well-known buy and hold strategy.”

At the heart of EMH is the idea that an asset’s share price…

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Oversized crypto critic Nouriel Roubini’s fix for crumbling US dollar hegemony is a cryptocurrency: Atlas, a portfolio safe haven from persistent inflation and fiery global conflict. One that will outperform the US dollar in perpetuity.

But for all of Atlas’ pomp, Roubini’s pitch can be boiled down to the following: We’ve devised an AI-powered trading bot that will outperform the US dollar and accelerate green investments. 

But what Atlas proposes is nothing new — similar projects were popular around the 2017-2018 ICO boom with none seeing long-term success. It’s likely Atlas will be no different.

Funnily enough, on the surface Atlas (full name the Atlas Capital Team Index,…

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Crypto lender Hodlnaut’s days appear to be numbered after the High Court of Singapore ended judicial management and ordered its liquidation. Users’ funds have been frozen since August 2022. 

Former Hodlnaut interim judicial manager (IJM) Aaron Loh Cheng Lee announced in a letter dated Nov. 10 and posted on the website of EY that he and fellow IJM Ee Meng Yen Angela have been discharged from that position and appointed liquidators.

Aaron Lee’s letter of Nov. 10. Source: EY

The liquidation decision was made by the Singapore court in a Winding-up Order in response to their application. According to an attachment to Lee’s letter, that decision is sealed at the moment.

Singapore-based…

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A week after a jury found him guilty on all seven counts of fraud and conspiracy, Sam Bankman-Fried’s former tokens of choice have emerged as frontrunners in the altcoin rally. 

Risk-on is back in crypto markets, a trend analysts attribute (potentially prematurely) to bitcoin, and now ethereum, ETF optimism and estimates that the Federal Reserve’s rate-hiking cycle has reached a peak. With bitcoin and ethereum logged impressive gains over the last week — 7% and 15.5%, respectively — smaller crypto moves have dwarfed these rallies. 

Perhaps the most ‘Sam coin’ of all, FTX’s native token (FTT) leads the pack, posting a staggering gain of 200% over the week and 75% over…

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Gearbox Protocol, known for its leverage and lending products in the decentralized finance (DeFi) space, has announced plans to launch its v3 upgrade. The exact date of the launch is yet to be confirmed, but is expected later this month.

Building on the success of its previous iterations, v3 introduces an Onchain Credit Layer, that the project says will redefine the concept of credit in the realms of DeFi, NFTs, and beyond.

The core of v3’s innovation lies in account abstraction. Users will gain control over individual credit accounts, equipped with smart contracts that manage collateral and borrowed funds.

IvanGBi, a pseudonymous Gearbox DAO contributor, told Blockworks that the…

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JPMorgan is giving institutional clients more control over payments via JPM Coin — marking the company’s latest blockchain-related milestone. 

Its new programmable payments offering is a feature for blockchain-based accounts on the JPM Coin System, a permissioned payment rail and deposit account ledger letting clients transfer dollars within the system. 

Programmability lets clients place rules for funding a bank account, for example — or set parameters for executing payments based on margin calls, asset delivery or meeting contract requirements.

“Blockchain technology is the ideal infrastructure to which programmable payments can be applied as it enables rules and bank…

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The launch of Elon Musk’s new “Grok” artificial intelligence (AI) system may not have made waves throughout the machine learning community or directly threatened the status quo, but it’s certainly drawn the attention of Sam Altman, the CEO of ChatGPT maker OpenAI. 

In a post on the social media app X, formerly Twitter, Altman compared Grok’s comedic chops to that of a grandpa, saying that it creates jokes similar to “your dad’s dad.”

GPT-4? More like GPT-Snore!

When it comes to humor, GPT-4 is about as funny as a screendoor on a submarine.

Humor is clearly banned at OpenAI, just like the many other subjects it censors.

That’s why it couldn’t tell a joke if it had a…

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Animoca Brands buys streaming platform for blockchain games

Hong Kong Web3 gaming giant Animoca Brands (The Sandbox, Revv, Phantom Galaxies), has acquired blockchain-powered streaming platform Azarus for an undisclosed sum.

Built around the slogan “streams are not TV,” Azarus allows users to livestream their gameplay while using tokens for incentives and rewards. Animoca Brands says it wants to change gaming culture with Azarus’ tech, by enabling streamers to generate new sources of income, engage their audience and reward their followers while allowing viewers to support their preferred creators. 

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Bankrupt cryptocurrency lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund Three Arrows Capital (3AC).

According to a court filing on Nov. 9, Genesis argued that the 3AC debtor should receive an allowed general unsecured claim against Genesis in the amount of $33 million. The amount accounts for 3.3% of $1 billion in claims originally asserted against Genesis debtors.

“Agreement provides that the 3AC debtor shall receive an allowed general unsecured claim against GGC in the amount of $33 million in full and complete satisfaction of the more than $1 billion dollars in claims asserted against each of the Genesis debtors,”…

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