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Here’s what happened in crypto today

  • September 21, 2023
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  • Category: BitCoin, Blockchain, Cryptocurrency, Investments
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

The firm behind Tether has acquired a stake in Bitcoin miner Northern Data and an Ethereum developer has got ChatGPT to launch its own ERC-20 token, AstroPepeX, modeled off data from the top traded tokens on Uniswap. Meanwhile, the Mt. Gox repayment deadline has been pushed another year, moving to Oct. 31, 2024.

Tether acquires stake in Bitcoin miner Northern Data, hinting at AI collaboration

The firm behind Tether has invested an undisclosed amount into German-based crypto miner Northern Data Group in a move backing artificial intelligence (AI) initiatives.

The company denied a report from Forbes regarding a $420-million investment, but declined to give a specific amount when reached for comment by Cointelegraph.

Tether, whose USDT is the largest stablecoin by market capitalization at more than $83 billion, says the investment is “separate from [its] reserves” and won’t impact customer funds.

According to a press release from Northern Data Group, the funds are involved in the purchase of hardware typically used in the artificial intelligence sector:

“Damoon Designated Activity Company (Damoon), a company Northern Data Group has recently acquired, with closing of the transaction expected in Q4 2023, has purchased over 10,000 NVIDIA H100 Tensor Core GPUs, at a total cost of approximately EUR 400 million.”

ETH developer programs AI-generated memecoin AstroPepeX using ChatGPT

An Ethereum developer has managed to get ChatGPT to launch its own ERC-20 token, AstroPepeX, modeled off data from the top traded tokens on Uniswap.

X (previously Twitter) user CroissantETH unpacked details of how they integrated ChatGPT into a custom application using OpenAI’s API. They told it to design and issue its own ERC-20 token with an estimated market cap of $3.5 million.

Data from Etherscan reveals that there are now over 2,300 APX holders that have carried out over 17,700 transactions since the token mint on Sept. 20.

The developer managed to get ChatGPT to be able to deploy smart contracts on the Ethereum network after feeding it data on the top 10,000 traded tokens on Uniswap.

“In essence, it asks ChatGPT to form an ERC-20 token using Open Zeppelin standards. The token name & other parameters are designed to be passed in by values given by GPT in the code’s constructor.”CroissantETH also explained how ChatGPT’s first attempts at potential names for its ERC-20 token were not ideal. The developer’s solution was to integrate data from the top traded Uniswap tokens to give the LLM a more natural sounding output.

To ensure the token was made solely by GPT before deploying the contract, CroissantETH addressed ownership of the private keys and the contract contract with a solution that rules out any human intervention.

Thus AstroPepeX (APX) was created by ChatGPT, sending 65,000,000,000 APX tokens and 2 Ether (ETH) in liquidity to Uniswap’s decentralized exchange.

Mt. Gox repayment deadline moves to October 2024

Mt. Gox trustee Nobuaki Kobayashi has officially changed the deadline for paying back the exchange’s creditors from Oct. 31, 2023, to Oct. 31, 2024.

In a Sept. 21 letter, Kobayashi wrote that, with the permission of the Tokyo District Court, he had extended the deadline for the base repayment, the early lump-sum repayment and the intermediate repayment.

Presently, the Mt. Gox estate holds some 142,000 Bitcoin (BTC), 143,000 Bitcoin Cash (BCH) and 69 billion Japanese yen.

Mt. Gox was one of the earliest cryptocurrency exchanges, once facilitating more than 70% of all trades made within the blockchain ecosystem.

Following a major hack in 2011, the site subsequently collapsed in 2014 due to alleged insolvency; the fallout affected about 24,000 creditors and resulted in the loss of 850,000 BTC.

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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