Day: December 1, 2023

AI assesses climate issues, falls short of full solution

boss

Amid efforts by climate scientists and advocates to address environmental challenges, Google DeepMind Climate Action Lead Sims Witherspoon sees potential in artificial intelligence (AI), emphasizing the importance of framing the solution through thoughtful questioning. At the Wired Impact Conference in London, Google DeepMind Climate Action Lead Sims Witherspoon said she sees climate change as a scientific and technological challenge, expressing optimism in addressing it through artificial intelligence. Earlier this year, Google merged its Brain and DeepMind AI teams under a single banner called Google DeepMind. Witherspoon suggested a strategy dubbed the…

Bitcoin ETFs, user experience will drive adoption — eToro CEO

boss

While grassroots cryptocurrency adoption went stale after last year’s implosions in the industry, trading platform eToro’s chief executive believes that the appeal of exchange-traded funds (ETFs) for institutions and ease of investing through various platforms for non-professionals could further drive Bitcoin (BTC) adoption. EToro CEO Yoni Assia told Cointelegraph at the recent Abu Dhabi Finance Week that institutions typically have rigid systems and prefer not to build new infrastructure for each asset class. However, for him, products like Bitcoin ETFs align with their existing modes of operation, making it easier…

Mystery Bitcoin Whale Who Bought 10,000 BTC Has Been Exposed

boss

The attention of the crypto community has been drawn to a particular whale that has been accumulating Bitcoin for some time now. The magnitude of the whale’s holdings has left many wondering who it might be and the reason for the accumulation.  Bitcoin Whale Accumulates Over 10,000 BTC In November In a post on his X (formerly Twitter) platform, popular Bitcoin investor Lark Davis revealed details about the “mystery whale” who had been accumulating Bitcoin. Interestingly, the wallet (bc1qch) had accumulated over 10,000 BTC in November. On-chain data also showed…

Dow Futures Slightly Up after closing at New 2023 High, Treasury Yields Remain Flat

Stock futures are mixed after the Dow Jones Industrial Average closed its best month in more than a year. On Friday, December 1, US Treasury yields remained without serious changes as investors were looking forward to hearing comments from Federal Reserve Chairman Jerome Powell that are expected to be voiced later today. The behavior of stock futures this morning is mixed.  Yesterday Dow Jones closed at a level that indicates a new high this year. As a result, November turned out to be the best month for Dow in more…

Crypto Bank Seba Rebrands Itself as ‘Amina’ amid Major Transformation

The transition began at the company headquarters in Switzerland, with plans for an eventual change of name and transformation across other offices located in financial hubs like Abu Dhabi, Hong Kong, and Singapore. The cryptocurrency bank, formerly known as Seba, is embarking on a major rebranding effort as it transitions to a new name – Amina Bank. The change comes following confusion with another bank in Sweden named SEB. The report stated that there was an agreement to adopt a fresh identity to stop whatever confusion the identical names may…

BTC Price Eyes $40,000 Soon as Massive Number of Bitcoins Move Off Exchanges

Anticipated interest rate cuts by central banks in the coming months could attract capital to various markets, potentially leading to increased volatility in speculative sectors like cryptocurrencies, according to some market observers. With the Federal Reserve pausing its rate hiking cycle and other central banks globally following suit, there is speculation that we may have reached the peak of this tightening cycle. To sustain a significant boost in risk assets, a clear trajectory toward lower interest rates and the conclusion of Quantitative Tightening is deemed essential. As 2024 approaches, there…

SEC Considers Fidelity Investments’ Proposed Ethereum ETF

Bloomberg ETF analyst James Seyffart estimates that the SEC’s decision deadline for Fidelity will likely be January 21, 2024, with the final decision expected on March 8, 2024. The United States Securities and Exchange Commission (SEC) has recently opened the floor for public comments on Fidelity Investments’ proposed spot Ethereum (ETH) Exchange-Traded Fund (ETF). This development, if approved, could mark a breakthrough for US investors seeking exposure to the booming world of crypto. The SEC’s Call for Public Input In a notice dated November 30, the SEC invited “interested persons”…

Hut8 Mining operates as U.S.-domiciled entity following USBTC merger

boss

Crypto mining companies Hut 8 Mining Corp. and US Bitcoin Corp (USBTC) have combined operations in an all-stock merger of equals to form a new United States-domiciled entity named Hut 8 Corp (New Hut). On Nov. 30, Canadian Bitcoin (BTC) mining facility Hut 8 Mining Corp announced an all-stock merger with USBTC, which has been dubbed as the “largest mergers and acquisitions transaction” in crypto by New Hut CEO Jaime Leverton. Before the merger, Leverton served as Hut 8 Mining CEO in Toronto for over three years. After much anticipation……

Terraform Labs, Do Kwon Lose Attempt to Have Singapore Class-Action Suit Thrown Out: Report

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…