Day: June 26, 2023

Swiss central bank announces plans for wholesale CBDC pilot with ‘real money’: Report

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The head of the Swiss National Bank (SNB) has announced that the bank will launch a wholesale central bank digital currency (wCBDC) pilot project, according to a report. Reuters quoted bank chair Thomas Jordan as saying the project would begin “soon.”  The wCBDC will be issued on the Swiss SIX digital exchange and run for a limited time, Jordan was quoted as saying at the Point Zero Forum in Zurich on June 26. The SIX Group also runs Switzerland’s largest stock exchange. Jordan said, according to the report: “This is…

Price analysis 6/26: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

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An onslaught of Bitcoin ETF applications could help BTC price find long-lasting support at the $30,000 level. The S&P 500 Index (SPX) snapped a five-week winning streak last week but it is still on track to close the first half of the year with stellar gains of nearly 13%. The tech-heavy Nasdaq Composite has done much better as it is up about 29%. Both these indices have been overtaken by Bitcoin (BTC) which has risen nearly 83% year-to-date. Bitcoin’s bullish price action and the recent rush by several firms to…

Tom Lee says bitcoin is maintaining key levels

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tom Lee, a prominent cryptocurrency analyst at Fundstrat, recently shared his observations on bitcoin’s ability to maintain critical support levels in the face of significant regulatory challenges. Despite the introduction of stringent regulations in the cryptocurrency industry this year, bitcoin has demonstrated remarkable resilience, according to Lee. Over the past 24 hours, bitcoin has experienced a slight drop of 1.3% as the weekly gain stood at 12%. One bitcoin was valued at $30,123 at press time…

US House bans members from using all chatbots except ChatGPT Plus

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The United States House of Representatives recently adopted new rules banning all use of artificial intelligence (AI) large language models by members, with the sole exception of OpenAI’s ChatGPT Plus service.  According to a notice sent from the U.S. House’s chief administrative officer, Catherine Szpindor, chatbot use has been restricted for security purposes: “House offices using the ChatGPT artificial intelligence chatbot are only authorized to use the ChatGPT Plus version of the product. The Plus version of the product incorporates important privacy features that are necessary to protect House data.” The…

Judge denies motion from Binance regarding allegedly ‘misleading’ SEC statements

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A federal judge overseeing the lawsuit between Binance.US, Binance Holdings Limited and CEO Changpeng “CZ” Zhao and the United States Securities and Exchange Commission (SEC) has denied a motion that could have stopped the financial regulator from issuing public statements related to the case. In a June 26 ruling in the U.S. District Court for the District of Columbia, Judge Amy Berman Jackson suggested it was unnecessary for the court to intervene regarding the basis for a motion from parties affiliated with Binance and Binance.US. The legal team filed a…

Bitcoin Holds Above $30K as Investors Await Historically Strong July, Eye Options Expiry

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Meanwhile, bitcoin’s price as the market approaches Friday’s expiry of bitcoin options contracts could fuel an additional price increase, or send it spiraling in the immediate aftermath. “If bitcoin builds momentum above $30,000 as expiry approaches, dealers will buy the cryptocurrency in the spot and futures markets,” CoinDesk Co-Managing Editor of Markets Omkar Godbole wrote. “That, in turn, could lead to an exaggerated price rally, often called a gamma squeeze, or sling-shot effect. On the flip side, dealers will be forced to sell on a potential decline below $30,000.” Original

MetaBirkins NFT Maker Banned From Selling Birkin-Based Collectibles

“As the jury expressly found, Rothschild, a self-described ‘marketing strategist,’ purposely sought (with some success) to confuse consumers into believing that his non-fungible tokens (‘NFTs’), labeled ‘MetaBirkins…’ were affiliated with Hermès’ iconic ‘Birkin’ trademarks,” Judge Rakoff wrote in a filing on Friday. Source

What is generative AI?

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Generative artificial intelligence (AI), fueled by advanced algorithms and massive data sets, empowers machines to create original content, revolutionizing fields such as art, music and storytelling. By learning from patterns in data, generative AI models unlock the potential for machines to generate realistic images, compose music and even develop entire virtual worlds, pushing the boundaries of human creativity. Generative AI, explained Generative AI is a cutting-edge field that investigates the potential of machine learning to inspire human-like creativity and produce original material. Generative AI is a subset of artificial intelligence concerned…

What is generative AI? – CryptoX

Generative artificial intelligence (AI), fueled by advanced algorithms and massive data sets, empowers machines to create original content, revolutionizing fields such as art, music and storytelling. By learning from patterns in data, generative AI models unlock the potential for machines to generate realistic images, compose music and even develop entire virtual worlds, pushing the boundaries of human creativity. Generative AI, explained Generative AI is a cutting-edge field that investigates the potential of machine learning to inspire human-like creativity and produce original material. Generative AI is a subset of artificial intelligence concerned…

FTX has recovered $7B in assets so far, has almost $2B to go to cover misappropriations

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FTX has recovered about $7 billion in liquid assets so far, and the search for additional assets is continuing, CEO John Ray said in the FTX Debtors’ second interim report, released June 26. The extensive commingling of funds complicates their efforts, however. The FTX Debtors, made up of FTX and affiliates, currently estimate the amount of customer assets misappropriated at $8.7 billion. Most of that money, about $6.4 billion, was in fiat and stablecoins, which FTX did not differentiate between in its accounting. FTX debtor have filed the second interim…