Browsing:News

Alibaba
6 months ago 1 min read

Alibaba launches Tongyi Qianwen 2.0, an advanced large language model, to compete with US tech giants.

Alibaba, the tech giant headquartered in Hangzhou, China, has unveiled its latest creation, Tongyi Qianwen 2.0, a large language model (LLM) that boasts impressive enhancements in understanding complex instructions, copywriting, reasoning, and the prevention of hallucinations. Alibaba’s move is part of the ongoing competition between the United States and China in the field of large language models as both countries vie for dominance in AI technologies, pitting Alibaba against American tech giants like Amazon and Microsoft. According to Alibaba’s press statement, Tongyi Qianwen 2.0 showcases exceptional capabilities, particularly in complex instruction comprehension, copywriting, reasoning, memory, and preventing hallucinations. In addition

Can Bitcoin ETF Approval by January Send BTC Price to $100,000?
6 months ago 1 min read

Can Bitcoin ETF Approval by January Send BTC Price to $100,000?

The excitement and anticipation surrounding the potential approval of a United States-based spot Bitcoin exchange-traded fund (ETF) is reaching fever pitch. Bloomberg Intelligence has estimated a 90% chance of the Securities and Exchange Commission (SEC) granting approval by January 10, 2024. The approval could mark a significant turning point for Bitcoin’s price trajectory, potentially driving it to $100,000. The news that BlackRock might be investing in a Bitcoin ETF has sent ripples through the crypto market, pushing the price of Bitcoin above $35,000. This price level hasn’t been seen in nearly 18 months and stands in contrast to Ethereum’s 50%

President Joe Biden has taken a step in the world of AI by signing the first-ever executive order on AI in the US.
6 months ago 2 mins read

President Biden’s Executive Order Sets New Standards for AI with a Focus on Consumer Welfare

President Joe Biden has taken a step in artificial intelligence (AI) by signing the first-ever executive order on AI in the United States. This executive order introduces a range of measures to ensure the safety and trustworthiness of AI technologies. The executive order is designed to have an immediate and tangible impact on AI development and use. It carries the full weight of the law to make AI technologies safer, more secure, and more trustworthy. The executive order comprises eight essential components, each addressing different aspects of AI. These include creating new safety and security standards for AI, safeguarding consumer

Hashflow (HFT)
6 months ago 1 min read

Hashflow (HFT) to unlock 74% of its circulating supply on November 7

Hashflow (HFT) is gearing up to release a significant amount of its circulating supply, with 74% of its tokens set to be unlocked on November 7. This release amounts to 160.38 million HFT tokens, with a total value of $44.97 million. The tokens are designated for various beneficiaries within the Hashflow ecosystem: This token unlock event signifies a significant milestone for Hashflow and will impact the project’s circulating supply, potentially influencing token prices and market dynamics. It’s important for investors and the crypto community to monitor how the market responds to this token release. Additionally, as mentioned earlier, Avalanche (AVAX)

This release will see 9.54 million AVAX tokens become accessible
6 months ago 1 min read

Avalanche (AVAX) to unlock $110 Million token in November

Avalanche (AVAX), the Layer 1 blockchain project, is preparing for a significant token unlock scheduled for November 24. This release will see 9.54 million AVAX tokens become accessible, with a total value of around $109.64 million. These tokens represent 2.69% of Avalanche’s circulating supply. The upcoming token unlock will have four primary beneficiaries: This token unlock is a significant event for the Avalanche ecosystem and its stakeholders, as it provides access to a substantial amount of AVAX tokens for various purposes, including further development, partnerships, and rewarding airdrop participants.

UK Government Unveils Framework to Regulate Fiat-Backed Stablecoins
6 months ago 1 min read

UK Government Announces Regulatory Framework for Fiat-Backed Stablecoins

The UK government has released an update about its intentions to regulate fiat-backed stablecoins. These stablecoins are digital currencies backed by traditional currencies like the British pound or the US dollar. The UK government plans to introduce new laws in 2024 that will give the Financial Conduct Authority (FCA) the power to regulate these stablecoins. This is a big change in how digital currencies are supervised. The government wants local companies authorized by the FCA to ensure that overseas stablecoins meet UK standards. This is meant to make sure stablecoin operators follow the rules. The new rules will only apply

London Takes the Lead in the Global AI Race
6 months ago 1 min read

How London is Leading the Way in Artificial Intelligence

Artificial Intelligence (AI) has become a transformative tool with far-reaching implications for businesses and human interactions. The United Kingdom, particularly London, is emerging as a key player in AI. Recent events like the AI summit dinner at Guildhall and the global AI Safety Summit at Bletchley Park show the nation’s commitment to unlocking the power of AI. Note that London has been a center of adaptation and innovation. The AI sector is already making a significant contribution to the UK economy, with around 3,000 AI firms employing around 50,000 individuals and attracting several private investments. London is leading the way

Are memecoins winning right now?
6 months ago 2 mins read

Are meme coins winning right now?

Memecoins are showing some interesting movements in the crypto market, and one particular memecoin, Floki Inu (FLOKI), has been taking the lead. When the recent crypto market rally began, FLOKI initially remained stagnant, much like other meme coins. However, things took a different turn recently. On Thursday, FLOKI broke out of its trading range and embarked on a significant green rally. In the past week alone, the meme coin’s price surged by over 116%. In the last 24 hours, FLOKI’s price increased by 24.7%, making it the top gainer in the crypto market during that period. This impressive performance puts

Crypto Hacking Total of $1 Billion
6 months ago 1 min read

Crypto Hacks Reach $1B in 2023, Less Compared to 2022

Hackers have stolen around $1 billion from the crypto market in 2023, marking a 60% reduction compared to 2022, when they made off with about $3.2 billion. The data comes from DeFiLlama, a crypto data analytics dashboard. Interestingly, the majority of hacks occurred in September this year, when hackers got away with $308.23 million. July followed with a loss of $238.42 million, and March recorded a loss of $213.58 million across several crypto platforms. It’s worth noting that the reduction in digital assets stolen doesn’t necessarily indicate improved security within the crypto industry. In fact, more crypto hacks were recorded

Guy Gotslak, the co-founder and president of My Digital Money, has a bold prediction for Ethereum (ETH). He believes that Ethereum will reach $10,000 faster than most people anticipate.
6 months ago 1 min read

This Expert Believes Ethereum Will Reach $10K Faster Than People Think

Guy Gotslak, the co-founder and president of My Digital Money, has a bold prediction for Ethereum (ETH). He believes that Ethereum will reach $10,000 faster than most people anticipate. Gotslak is confident that Ethereum has all the necessary fundamentals to make this significant growth happen. Despite Ethereum recently gaining 21% in a crypto market rally, it fell short of the $2,000 mark. Many attribute this rally to Bitcoin’s movement, but Gotslak disagrees. He thinks that Ethereum’s price action is independent of Bitcoin and, in fact, believes that Ethereum’s price has been down due to the overall performance of the entire

FTX and Alameda Research Offload $13.35 Million
6 months ago 2 mins read

FTX and Alameda Research Liquidate $13.35 Million in Assets

Over the past 24 hours, addresses linked to FTX and Alameda Research have collectively transferred $13.35 million worth of assets to the crypto exchange Binance via Wintermute Trading. This move follows their approval in late September 2023 to actively liquidate assets. An on-chain tracker called Lookonchain reported that the last deposits made by FTX and Alameda Research included COMP, the governance token of Compound, and RNDR, the native token of Render, on October 26. This indicates that the two entities are indeed proceeding with their asset liquidation process. The price of COMP has remained relatively stable at current rates, hovering

The ongoing trial of the co-founder of the now-defunct FTX has brought to light some surprising revelations about his knowledge of crypto
6 months ago 1 min read

Sam Bankman-Fried Reveals He Knew Basically Nothing About Crypto

The ongoing trial of Sam Bankman-Fried, the co-founder of the now-defunct FTX crypto exchange, has brought to light some surprising revelations about his knowledge of cryptocurrency. According to reports from The Guardian’s live coverage of the trial, Bankman-Fried admitted to having very little understanding of cryptocurrency before launching FTX and its associated hedge fund, Alameda Research. While on the stand, he confessed, “I had absolutely no idea how they worked. I just knew they were things you could trade.” The trial has also revealed that when Bankman-Fried partnered with co-founder Gary Wang, who is testifying against him, they had no

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