Day: November 28, 2023

Amazon launches ‘Q’ — a ChatGPT competitor purpose-built for business

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Amazon has launched its own artificial intelligence-powered assistant built for business, “Amazon Q.” The AI chatbot can be used to have conversations, solve problems, generate content, gain insights and connect with a company’s information repositories, code, data and enterprise systems, Amazon Web Services said in a Nov. 28 announcement. Meet your new #generativeAI assistant designed for work that can be tailored to your business. With Amazon Q, you can solve problems, generate content, get insights from data, build faster on #AWS, while helping keep your data private & secure. ☁️…

Bitcoin Storms Past $38,000 Once More, Anticipating Breakout To New Annual Peak

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Bitcoin (BTC) has again demonstrated its bullish momentum by surging above the $38,000 mark. Breaking free from the recent trading range between $36,500 and $37,500, BTC currently trades at $38,100, slightly below its yearly high of $38,400 achieved on Friday, November 24. However, this is just one of the many milestones BTC has achieved during its ongoing bullish resurgence. Bitcoin Achieves New 52-Week Closing Record According to crypto trading firm The Birb Nest, Bitcoin has set a new 52-week closing record by a small margin, holding above $32,000 for four consecutive…

Top 2 Under The Radar Altcoins That Could Do A 70000% Run Like Kaspa (KAS)

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Anyone paying attention to the crypto industry and altcoins in the last few months will have noticed the incredible run that the Kaspa native token, KAS, went on. When all was said and done, the token’s price had risen over 70000% from its all-time low of $0.0001699 which was recorded on June 1, 2022, according to data from Coinmarketcap. Given that the KAS token has risen so much, all eyes are now on the next coin that could replicate this growth. With thousands of altcoins in the space to pick…

Aave’s GHO Stablecoin Nears Elusive Dollar Peg

The asset, which has been valued at less than $1.00 for nearly all of its life, gained ground this week and rallied to $0.985 for the first time since August. Its volatile gains aren’t doing anything to fix GHO’s reputation as a not-so-stablecoin, but they do set the token close to the levels one might expect from an asset that’s supposed to be worth a dollar – not $0.96. Source

Berkshire Hathaway vice chair Charlie Munger passes away at age 99

The vice chairman of multinational holding company Berkshire Hathaway once described cryptocurrency and artificial intelligence as “overhyped” and “stupid”. Charlie Munger, the billionaire vice chairman of Berkshire Hathaway, has died. He was 99. Munger, an integral force at Berkshire since 1959, played a pivotal role in shaping the company into a global conglomerate with a market capitalization of $784 billion. Munger served as vice chairman alongside Warren Buffett, contributing significantly to its success. Munger was a multifaceted figure, co-founding Munger, Tolles & Olson in California and later chairing Wesco Financial…

Jump Crypto filed docs confidentially in SEC v. Terraform Labs case

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A federal judge has accepted materials from Jump Crypto Holdings in discovery for the United States Securities and Exchange Commission (SEC) case against Terraform Labs. In a Nov. 28 filing in U.S. District Court for the Southern District of New York, Judge Jed Rakoff approved the confidential treatment of certain materials produced by Jump Crypto Holdings, the crypto arm of Jump Trading. The firm was reportedly under scrutiny from the SEC for its alleged involvement in the events leading to the depegging of TerraUSD (UST) and the downfall of Terra…

SEC extends comment window for Franklin Templeton and Hashdex Bitcoin ETFs

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Experts said the SEC could be laying blocks ahead of spot Bitcoin ETF approvals in early January 2024 following early delayed decisions on bids from two potential issuers. The U.S. Securities and Exchange Commission (SEC) delayed its decision to approve or disapprove spot Bitcoin ETF applications submitted by trillion-dollar asset manager Franklin Templeton and crypto-native firm Hashdex.   Per Nov. 28 filings, the SEC is seeking new commentary for its review of these Bitcoin ETF punts. The news came after America’s securities watchdog disclosed its plan to extend the period for…

Futures will be the best crypto game in town even after a Bitcoin spot ETF

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The Chicago Mercantile Exchange (CME) has long been the home of crypto for traditional finance investors, and this is unlikely to change — even with the approval of a Bitcoin spot ETF. Activity on the CME has expanded significantly over the past 12 months. The CME now sees more Bitcoin (BTC) futures trading than the world’s biggest crypto exchange, Binance. Open BTC interest on the CME now makes up 24.7% of the entire market, making it the top Bitcoin futures trading venue in the world  While some of this activity…

XRP, BNB Among Altcoins Losing Correlation With Bitcoin: Data

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Data shows altcoins have been losing correlation with Bitcoin recently, and among them, XRP and BNB have seen particularly pronounced decoupling. XRP & BNB Have Seen Largest Drops In 60-Day Correlation To Bitcoin As pointed out by an analyst in a post on X, BTC has recently seen a drop in correlation with the altcoins. The “correlation” here refers to an indicator that keeps track of how tied the prices of any two assets are right now. When the value of this metric is positive, it means that the given…