Month: April 2023

Report Uncovers Former FTX US President’s Resignation and Accounting Failures at Failed Crypto Exchange

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A recent report reveals that the former President of FTX US, Brett Harrison, stepped down from his position in September 2022 due to an ongoing disagreement with CEO of FTX, Sam Bankman-Fried, and his circle. In addition, the report alleges accounting downfalls at the now-failed crypto exchange, which Bankman-Fried and his colleagues could have better managed. As per the report, employees were instructed by an unnamed higher-up to provide “some numbers” for a portfolio summary in June 2022, but the information was inaccurate. Harrison expressed worries regarding the management of…

Google ChatGPT rival AI faces in-house resistance: Report

Artificial intelligence (AI) has become a major talking point after the rise to prominence of AI chatbot ChatGPT from OpenAI and generative AI image makers like Midjourney and DALL-E 2. However, not everyone sees eye to eye with this emerging technology. A new report from the New York Times revealed that in March two Google employees tried to stop the company from launching its own AI chatbot rivaling that of OpenAI. According to the NYT report, the jobs of the employees are specifically to review Google’s AI products. Allegedly the…

China Keeps Stockpiling Gold, Adds 18 Tons in March to Reach 2,068 Tons in National Reserve – Economics Bitcoin News

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The People’s Bank of China (PBOC) reported an increase in the country’s gold reserves of 18 tons in March, continuing its buying spree. China has consistently added to its gold reserves since November, purchasing more than 100 tons in the last five months. The Asian state now has 2,068 tons in its coffers. China Purchased 18 Tons of Gold in March, PBOC Reports Show China further increased the size of its gold reserves in March. According to reports from the People’s Bank of China, the size of the national Chinese…

Bitcoin surpassed $28k again while crypto market cap went down

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Bitcoin (BTC) has had many ups and downs around the $28,000 mark for the last three weeks. The fluctuations come while the global crypto market cap drops by roughly $23 billion in less than a week. BTC is trading at $28,300 at the time of writing, up by 1.4% in the past 24 hours. The bullish momentum as the amount of non-zero bitcoin addresses reached an all-time high (ATH) of 45.5 million, according to data provided by Glassnode. The recent surge in price action has propelled the number of Non-Zero…

CPI to spark dollar ‘massacre’ — 5 things to know in Bitcoin this week

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Bitcoin (BTC) starts the week on a firm footing as bulls send BTC price to a new ten-month high weekly close. After a relatively calm week, last-minute volatility is getting traders excited at the prospects of a repeat attack on $30,000 resistance — but a lot stands in the way. In what is set to be a significant week of macroeconomic data releases, the Consumer Price Index (CPI) print for March is due April 12, along with fresh insights into Federal Reserve policy. Add to that the Ethereum Shanghai upgrade…

Bitcoin tops Donald Trump, guns in America: Google Trends

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Amid the growing discussions around Donald Trump, guns and other topics tied to politics and entertainment, Bitcoin (BTC) continues to maintain its position as the most Googled term in the United States.  A search volume comparison based on Ahrefs data revealed that Americans care more about Bitcoin, with Nevada taking the spot as the “most Bitcoin-crazy state” in the US. Despite former US President Donald Trump making headlines consistently for indictment charges, the term stands in second position in terms of being the most-searched term in America. Search volume comparison…

OpenAI finds fresh support from Japan amid global country-wide bans

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Japan has shown support for OpenAI amid a sea of bans by different countries and uncertainties for the company. Chief Cabinet Secretary Hirokazu Matsuno stated on Monday that Japan will contemplate incorporating artificial intelligence (AI) technology, such as OpenAI’s ChatGPT chatbot, into government systems provided that privacy and cybersecurity issues are addressed. Following an alleged data breach on March 20, Italy’s data protection watchdog temporarily blocked the chatbot on March 31 and directed OpenAI to immediately restrict data processing for Italian users while an investigation is ongoing. OpenAI CEO Sam…

US President Joe Biden Extends Sanctions Against Russia, Has Argued Alternatives Would Involve Waging Third World War – Bitcoin News

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U.S. President Joe Biden decided to extend the sanctions that the U.S. government enacted against Russia for one more year, arguing that the country continues to pose a threat to the security of the nation. Biden had talked about these sanctions before, explaining that the only option besides enacting them would involve a direct international military conflict. U.S. President Joe Biden Extends Anti-Russia Sanctions for One More Year U.S. president Joe Biden has decided to extend the sanctions enacted against the Russian Federation for one year, on the basis that…

Lawyer lays out his reasoning on why XRP is not a security

Ripple’s XRP (XRP) is not a security because it does not fit the definition of an “investment contract,” the “only” legislative definition that it could “possibly” fit, according to Jeremy Hogan, a partner at the law firm of Hogan & Hogan. In a series of tweets on April 9, Hogan explained that, in his opinion, XRP could only be considered a security under the definition of an “investment contract,” as it doesn’t fit the other definitions of a security such as stocks or bonds. Hogan argues, however, that the United…