Day: November 6, 2024

Thinking of using AI to assist recruitment? Our key data protection considerations

We have shared key questions organisations should ask when procuring AI tools to help with their employee recruitment. Many recruiters may be looking to procure these tools to improve the efficiency of their hiring process, helping to source potential candidates, summarise CVs and score applicants. If not used lawfully, however, AI tools may negatively impact jobseekers who could be unfairly excluded from roles or have their privacy compromised.   We recently audited several providers and developers of AI tools for the recruitment industry, which uncovered considerable areas for improvement, such as…

Ethereum Analyst Shares Correlation With S&P500 – Last Dip Before It Hits $10,000?

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Este artículo también está disponible en español. Ethereum (ETH) stands at a critical turning point, with opinions split on its future performance this cycle. Some analysts argue that ETH will continue to lag, possibly underperforming against other assets like Bitcoin, which has shown strong momentum. However, others are optimistic, believing Ethereum is poised for an aggressive rally, especially if it can establish a solid bounce from current lows. Related Reading Renowned crypto analyst Ali Martinez has shared a compelling technical analysis, highlighting a correlation between ETH and the S&P 500.…

Donald Trump Wins Presidency Again, Defeating Kamala Harris

Crypto has not been a major issue through this election cycle, though Trump, the Republican candidate for president for a third election in a row, did a great deal of outreach to the crypto industry, by speaking at a bitcoin conference, handing out burgers at a crypto bar and otherwise making statements appealing to the industry, including promising to fire Securities and Exchange Commission Chair Gary Gensler. Harris, the Democratic candidate, has on a handful of occasions shared some general comments about supporting the industry but did not delve deeply…

Crypto Already Won U.S. Election as Trump Rises and Senate’s Sherrod Brown Falls

With the aid of tens of millions the industry spent in Ohio through its Fairshake political action committee, Sherrod Brown’s long Senate career is over and a blockchain businessman, Bernie Moreno, will take his place. The loss of Brown, the Democratic chairman of the Senate Banking Committee, also contributed to the Republicans seizing the Senate majority, meaning Brown’s committee will have a new GOP chairman who will likely welcome crypto legislation rather than leave it in limbo, as Brown had. Source

Experts Forecast Memecoins To Excel No Matter The US Election Results, Here’s Why

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Este artículo también está disponible en español. As the US presidential election results loom, one analyst is expressing confidence in the continuous surge of memecoins, particularly in the context of the ongoing political landscape.  In a recent social media post on X (formerly Twitter), Miles Deutscher asserted that dog-themed and cat-themed cryptocurrencies will continue outperforming the broader crypto market, regardless of whether Donald Trump or Kamala Harris emerges victorious. Dogecoin Leads Memecoins Resurgence On Election Day Bitcoin (BTC), the largest cryptocurrency on the market, is trading near the $70,000 mark,…

BlackRock’s IBIT records largest outflow day as Bitcoin ETFs log third consecutive day of outflows

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On Nov. 5, BlackRock’s spot Bitcoin exchange-traded fund, BITB, recorded its largest net outflow day since inception, with $44.2 million leaving the fund. Since its launch in January, BlackRock’s BITB has experienced only six days of outflows, with the previous largest single-day outflow of $36.9 million on May 1. According to data from Farside Investors, the 12 spot Bitcoin ETFs recorded a net outflow of $116.8 million on Nov. 5, extending their outflow streak to three consecutive trading days. However, these outflows were significantly lower than the $541.1 million recorded…

A Ponzi Unveiled? Controversial Crypto Platform Facing California’s Wrath

The California Department of Financial Protection and Innovation (DFPI) issued a Desist and Refrain Order on Monday to Trage Technologies Ltd., also known as Trage Tech, for alleged violations of securities laws. The DFPI claims that Trage Tech, which operates out of the Marshall Islands and Panama, promoted “Crypto Arbitrage Investment Packages” without proper registration. […] Source CryptoX Portal