Day: June 21, 2023

Bitcoin hits $28,000 after BlackRock files for BTC ETF

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In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman explains what’s behind Bitcoin (BTC) reaching 50% crypto market dominance for the first time in two years amid Blackrock’s spot exchange-traded fund (ETF) filing, and the United States Securities and Exchange Commission’s crackdown on altcoins. According to Pechman, it must be admitted that no one expected Bitcoin to become the second-largest nonfungible token blockchain. Analysis from CryptoSlam shows that the 30-day adjusted data — excluding wash trades — was $380 million for Ether (ETH) versus $104 million on…

Bitcoin (BTC) Price Shoots to $29,000 amid Flurry of Bitcoin ETF Applications

The Bitcoin price rallied soon after the spot BTC ETF applications by WisdomTree and Invesco on Tuesday. Bitcoin extends its market dominance to 50% of the overall crypto market. Over the last 24 hours, the world’s largest cryptocurrency Bitcoin (BTC) has seen its price shoot by a staggering 8% moving closer to $29,000 levels. As of press time, BTC is trading at $28,884 with a market cap of $560 billion. The recent catalyst to the BTC price surge has been a flurry of applications for the spot Bitcoin ETF over…

Opera Launches Opera One with Native Browser AI Integration

Opera has launched Opera One, integrated with the first native browser AI Aria. The browser is available for download on Windows, Mac, and Linux. Aria offers both web and browser capabilities. Opera has announced the Opera One browser, which includes a native integrated browser AI named Aria. The software is the 100th version of the Opera browser, and it is also the first browser with a native integrated browser AI. This marks a major evolution in the company’s services, especially because it is coming at a time when a lot…

Ant Group Confirms Reports about Its Own AI Large-Language Model

Reports in Chinese media about an Ant Group LLM for AI have been confirmed by the company, however, without any additional details. Alibaba affiliate company Ant Group is working on its own large-language model (LLM) to join the AI race. Ant Group confirmed stories reported by Chinese publications about an in-house LLM named Zhenyi. Since artificial intelligence became popular, most tech giants and other industry behemoths have been hustling for a seat at the table. In the last three years, various Chinese companies have launched more than 75 LLMs as they create…

Cisco Challenges Core Rivals with Release of New AI Chips

With the introduction of its AI networking chips, Cisco aims to challenge the dominance of Broadcom and Marvell by offering a unique blend of intelligence and versatility.  Renowned American networking giant Cisco Systems Inc (NASDAQ: CSCO) has recently unveiled its latest breakthrough – a new line of AI networking chips. These cutting-edge chips aim to enhance network performance, scalability, and intelligence, placing Cisco in direct competition with industry leaders such as Broadcom Inc (NASDAQ: AVGO) and Marvell Technology Inc (NASDAQ: MRVL).  In a report, Cisco revealed that its SiliconOne series…

Binance SEC lawsuit could dent crypto exchange’s global plans

The United States Securities and Exchange Commission filed a lawsuit against Binance along with its U.S. platform and CEO Changpeng Zhao on June 5 in a Washington, D.C. federal district court for allegedly violating securities laws and offering unregistered securities.  The U.S. regulator has accused the crypto exchange of offering unregistered securities in the form of its now-paused Binance USD (BUSD) stablecoin and its native token BNB (BNB). The SEC also deemed its Simple Earn and BNB Vault products and its staking program as violations of securities law. The SEC…

BTC Price Rallies as TradFi Players Jump Into Crypto

Bitcoin, the world’s largest cryptocurrency by market value, rallied over the past 24 hours after various traditional finance firms announced moves into the crypto market, indicating bullish sentiment. Bitcoin jumped 8% on the day, pushing it to $28,800, after trading flat for the last few days at around $26,800. Altcoins also surged, with bitcoin cash (BCH) rallying over 20% in the same time period. Banking giant Deutsche Bank announced Tuesday that it had applied for a digital asset custody license in Germany and crypto exchange EDX Markets (which is backed…

US Senator Chuck Schumer calls for ‘comprehensive’ AI legislation

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The United States majority Senate leader Chuck Schumer plans to call for “comprehensive legislation” regarding safety measures for artificial intelligence (AI).  Schumer has remarks planned for a meeting at the Center for Strategic and International Studies in Washington D.C. on June 21, during which he will highlight the urgency for bipartisan action from Congress on the topic.  Tomorrow, I’ll speak at the @CSIS about my framework Congress can use to supercharge Artificial Intelligence innovation in a safe and responsible way. We must prepare for the age of AI together. —…