Day: May 1, 2023

Market slumps as bitcoin and ethereum prices continue falling, digitoads attracting new investors

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied At prevailing market conditions, top cryptocurrencies are struggling against a deluge of bear selling pressure. Crypto fans have been waiting for a recovery, but this could take some time. Presently, top cryptocurrencies like bitcoin (BTC) and ethereum (ETH) are still having a hard time reversing losses and retesting past all-time highs. While many experts remain optimistic about these coins’ prospects, it might take some time before the bull run of 2021 is replicated. Nonetheless, there’s still…

JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators – Bitcoin News

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On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the bank’s financial troubles made it insolvent and unable to meet its obligations. Following the seizure, JPMorgan Chase submitted the winning bid to assume control of First Republic Bank’s deposits, including uninsured deposits. California Regulator Seizes First Republic, JPMorgan Takes Over Bank’s Assets From the first week of March, four major banks — Silvergate Bank, Silicon Valley…

BTC, ETH Start Week Lower, Ahead of Key Economic Events – Market Updates Bitcoin News

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Bitcoin started the week trading in the red, as markets prepared for an important week of U.S. economic events. On Wednesday, the Federal Reserve is expected to increase rates by 25 basis points, with nonfarm payrolls for April being released this coming Friday. Ethereum was also lower in today’s session. Bitcoin Bitcoin (BTC) continued to trade lower on Monday, as markets remained in consolidation ahead of a pivotal week of economic events. Following a high of $29,952.03 on Sunday, BTC/USD slipped to an intraday low of $28,360.50 earlier today. This…

5 Free artificial intelligence courses and certifications

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Learning artificial intelligence (AI) is becoming increasingly important for both technical and non-technical professionals, as it has the potential to revolutionize various industries and provide innovative solutions to complex problems. With free AI courses and online certifications, individuals can acquire the necessary knowledge and skills to stay relevant in today’s rapidly evolving job market. The Machine Learning Specialization by DeepLearning.AI and Stanford Online The Machine Learning Specialization by DeepLearning.AI and Stanford Online is a foundational online program that provides a broad introduction to modern machine learning. This three-course specialization is…

CoinMarketCap to Launch ‘Killer Whale’ Competition Show

Beginning on May 2, interested parties can submit their applications to Hello.one and CoinMarketCap, and those chosen will go through several rounds of interviews in Hollywood, California. Filming for the show begins in June, and the show is slated for release across major streaming services and Hello Labs’ on-demand Hello TV service. Source

Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark – Economics Bitcoin News

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Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has “disproportionate power” as a reserve currency, retracting his previous statement in which he referred to the currency as the “biggest financial terrorist in the world.” Kotak explained that several countries were exploring alternative reserve currencies to reduce their dependence on the U.S. dollar. Top Indian Banker Refers to the Dollar as ‘Biggest Financial Terrorist’…

Nigeria SEC prepares new digital asset rules

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Nigeria, one of the world’s most curious nations about cryptocurrencies like Bitcoin (BTC), is preparing new industry regulations for digital asset platforms. The Securities and Exchange Commission (SEC) of Nigeria is considering allowing licensed digital exchanges to list tokens backed by certain assets, Bloomberg reported on May 1. According to SEC head of securities and investment Abdulkadir Abbas, the authority plans to only authorize listings of tokens based on assets like equity, debt or property. Cryptocurrencies like Bitcoin (BTC) or Ether (ETH) will not be among those assets, Abbas reportedly…

AI chatbot usage causes concern among 70% of Japanese adults

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Artificial intelligence (AI) chatbots are not new. However, the rapid emergence of AI chatbots as integrations into emerging technology and society have been raising concerns among the public.  A new Japanese survey released on April 30 revealed major concerns among the local population over the widespread use of AI chatbots. According to the report from Kyodo News, 69.4% of Japanese are calling for stricter regulation in the development of AI. The poll was conducted as a part of a broader survey that touched on topics such as the current government approval rate and…

Liechtenstein adapts blockchain laws to developing crypto landscape

The blockchain and crypto industry is constantly growing and changing around the world, and the Principality of Liechtenstein is no exception.  The sixth smallest country in the world, located in the middle of Europe between Switzerland and Austria, has attracted the attention of the international and European crypto communities alike since the early days of the industry.  In 2019, Liechtenstein became one of the first countries in the world to adopt specific legislation on crypto and blockchain, namely the Token and Trusted Technology Service Providers Act (also known as TVTG…