Day: April 11, 2023

MicroStrategy Bitcoin bet turns green as BTC price climbs to 10-month high

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Business intelligence and Fortune 500 company MicroStrategy’s Bitcoin (BTC) investment has turned green again as BTC broke past the critical resistance of around $29,000 to record a new 10-month high of $30,163. MicroStrategy started investing in Bitcoin in the second quarter of 2020 when the BTC price was trading around $10,000. Since then, the business intelligence firm had made a series of BTC purchases over the period of two years. The firm has accumulated a total of 140,000 Bitcoin, acquired for nearly $4.17 billion at an average price of $29,803…

XRP price rally stalls as SEC vs. Ripple ruling drags on — 25% drop ahead?

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XRP (XRP) rose 2.1% to $0.52 on April 11, extending its daily gains from $0.50 alongside a broader cryptocurrency market rally as traders pinned hopes on easing inflation data into April 12. XRP price: lackluster volumes raise risk of 25% correction XRP’s upside move brought it closer to breaking out of its prevailing bull pennant range with a price target of $0.65. XRP/USD daily candle price chart. Source: Tradingview However, lackluster volumes accompanying XRP’s gains hinted at a potential price correction in the future. That could mean a short-term pullback toward…

Employees of South Korean Crypto Exchange Coinone Arrested: Report

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BTC Hits $30,000 on Tuesday, as ETH Nears $2,000 – Market Updates Bitcoin News

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Bitcoin moved above $30,000 on April 11, as bullish sentiment returned to cryptocurrency markets. Markets surged after data in China showed that consumer prices had hit an 18-month low. Ethereum was also higher on the news, moving closer to $2,000. Bitcoin Bitcoin (BTC) raced above $30,000 for the first time in ten months, as markets reacted to the latest inflation data from China. Consumer prices in China rose by 0.7% in March, which is the slowest increase since September 2021. Following a low of $28,189.27 to start the week, BTC/USD…

Chinese Regulators Publishes Guidelines for Development of ChatGPT-Like AI Products

Just like blockchain technology, the emergence of AI is relatively new and the laws governing such innovations are notably limited. Chinese regulators, particularly the Cyberspace Administration of China (CAC) have floated a new set of guidelines that will oversee the development of ChatGPT-like Artificial Intelligence (AI) products from its homegrown companies. As reported by CNBC, the new guidelines will seek to promote the tenets of socialism across the board. The growth of Large Language Models (LLMs), the technology underpinning AI-based applications like that of ChatGPT is growing across borders. At…

Alibaba to Roll Out ChatGPT Rival Soon with English & Chinese Language Capabilities

E-commerce giant Alibaba is close to rolling out the beta version of its ChatGPT rival, Tongyi Qianwen, for Chinese enterprise customers.  Alibaba (NYSE: BABA) appears set to roll out its ChatGPT rival product Tongyi Qianwen as the race for AI dominance heats up. At Tuesday’s Alibaba Cloud Summit, the Chinese e-commerce giant revealed the ChatGPT-style product, touching on its functionality. According to Alibaba, Tongyi Qianwen will allow English and Chinese language interactions. Furthermore, although the tech company looks to roll out the ChatGPT rival across all its products, it will be initially…

Tech giant Alibaba to roll out ChatGPT competitor AI

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Chinese e-commerce giant weighs into the global race for artificial intelligence (AI) with its own version of chatbot assistant. Alibaba announced the rollout of the ChatGPT-like product in the “near future.” According to a BBC report from Apr. 11, the new product will be called Tongyi Qianwen, which translates to English as “seeking an answer by asking a thousand questions.” The chatbot will be integrated with Alibaba’s vast ecosystem of tech businesses, including workplace messaging app DingTalk and voice assistant smart speaker Tmall Genie. Chatbot will be able to communicate…