Month: May 2023

Watch these BTC price levels as Bitcoin threatens to lose $27K support

Bitcoin (BTC) looked poised to give up $27,000 as support on May 17 with traders lying in wait for new lows. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Whales meet low liquidity Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading near $26,800 at the time of writing. The pair had staged multiple crosses of the $27,000 mark the day prior, that area forming a low-timeframe focus now at risk of breaking down. BTC/USD annotated chart. Source: Crypto Tony/ Twitter “3 wave up into resistance, followed by a…

Origins Launches on Apple App Store

The card-based strategy game, which provides players with free non-NFT “starter” characters, will first launch in the Apple store across Latin America and Asia in countries including Argentina, Colombia, Peru, Mexico, Venezuela, Indonesia, Malaysia and Vietnam. The game has 1.5 million installs across all platforms and plans to continue its global expansion via Google and Apple mobile users. Source

Tesla updates AI-trained robot army, takes new bots for a walk

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Tesla has released new footage showcasing its Tesla Bots, which now appear to be capable of walking steadily, picking up items and recognizing objects. The video was presented by Tesla CEO Elon Musk at the company’s shareholder meeting event. The video showcases some notable upgrades made in the Tesla Bot project. This includes enhanced motor torque control, artificial intelligence (AI) training based on human-tracked movements and object manipulation capabilities. More importantly, the humanoid robots can now walk in a straight line without needing assistance from the Tesla staff. In one…

Chinese prosecutors to crack down on ‘pseudo-innovation’ in NFT market

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On May 15, the Supreme People’s Procuratorate of the People’s Republic of China — the national agency responsible for legal prosecution — shared its thoughts on the nonfungible token (NFT) market. In an article, three authors outlined the prosecutors’ vision of the market risks and the reasons to enforce them more actively. The article pays attention to the tendency of “securitization” of NFTs, i.e., the shared ownership of one copy by multiple users, which, in the authors’ opinion, no longer corresponds to criteria of non-reproducibility, indivisibility and uniqueness. Among other threats,…

Crypto Investment Firm CoinShares Reports Highest Quarterly Earnings since Q1 2022

CoinShares maintains a cautious optimism going ahead amid a strong surge in the regulatory activity taking place in the crypto market. Popular crypto investment firm CoinShares recently published its first quarter earnings results for the year 2023 marking a strong turnaround in the company profits. Of course, this comes amid the strong bounce-back taking place in the crypto sector this year. CoinShares Q1 2023 Earnings Report CoinShares called it a “return to profitability” after a tumultuous period last year in 2022 amid a strong crypto winter. In its report, CoinShares…

OpenAI CEO Sam Altman Testifies in Congress Hearing on AI Safety Alongside IBM Chief Trust Officer & NYU Professor

Sam Altman’s sincerity impressed lawmakers at Tuesday’s hearing as he discussed AI’s destructive potential and supported proper regulation. OpenAI CEO and Worldcoin co-founder Sam Altman recently testified in a US Congress hearing on artificial intelligence (AI). At Tuesday’s ‘historic’ hearing, Altman discussed possible government regulation of the AI space and fielded lawmakers’ questions about OpenAI’s views on regulation.  Several Congress members expressed concern about the potential harm artificial intelligence could cause if not properly overseen. In a show of sincerity and genuineness, Altman admitted his ‘worst fears’ were disrupting the…

Elon Musk Addresses Tesla Shareholders during 2023 Annual Meeting in Texas, TSLA Shares Up

Musk noted that Tesla will conduct a third-party audit of its cobalt supply chain to ensure there is no child labour in the supply chain. During this year’s Tesla Inc (NASDAQ: TSLA) annual shareholders meeting – held on Tuesday in Austin, Texas – tech billionaire Elon Musk charged the crowd with the company’s products and near-term growth prospects. Musk told the group of shareholders that he expects the economy to get even more gloomier in the next twelve months. However, Musk promised the shareholders Tesla will survive in the long…

Microsoft CEO Satya Nadella Discredits Elon Musk’s Claims that OpenAI Is Puppet

According to Nadella, Microsoft and OpenAI have a shared ambition to advance the research of AI to enable developers and organizations to build on the best AI infrastructure. When OpenAI was established in December 2015, the initial idea was to be a non-profit organization focused on humanitarian welfare via AI advancement. However, the development of OpenAI LP, a capped-profit subsidiary that allowed investments from profitable organizations, significantly changed the entire dynamics. To date, Microsoft Corp (NASDAQ: MSFT) is the largest investor in OpenAI and its ChatGPT. Notably, Microsoft poured in…

Biden Administration ‘Crypto Tsar’ Says DOJ will Target Digital Asset Exchange Platforms – Regulation Bitcoin News

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According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said the DOJ hopes taking action against entities such as crypto exchanges is “going to have a multiplier effect.” DOJ to Target Mixers and Tumblers The U.S. Department of Justice (DOJ) will target digital asset exchange platforms and entities providing mixers and tumblers which are used to obfuscate the trail of…