Options are derivative contracts that give the purchaser the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. A call option gives the right to buy, a signal the holder has a bullish stance, while a put option gives the right to sell. Options prices are determined by several factors, including market direction as well as implied volatility, which is influenced by the supply and demand for options. Source
Tag: Call
Tech Industry Leaders Call for AI Labs to Pause Development for Safety, Coinbase CEO Disagrees – Bitcoin News
This week, 2,600 tech industry moguls and entrepreneurs, including Elon Musk, Gary Marcus, and Steve Wozniak, signed an open letter requesting artificial intelligence (AI) labs to pause research and development for six months. The signatories believe that safety programs and regulations need to be strengthened, as they assert that AI labs are currently in an “out-of-control race to develop and deploy” this technology. On Thursday, Coinbase CEO Brian Armstrong disagreed with this approach, stating that people should not “let fear stop progress.” The Debate on AI Safety: Tech Industry Leaders…
Coinbase CEO Is Against Call to Suspend ChatGPT Development
Though the Coinbase CEO is very clear in his support for ChatGPT, many other tech leaders blatantly disagree with him. Brian Armstrong, the Chief Executive Officer (CEO) of American publicly traded crypto exchange Coinbase Global Inc (NASDAQ: COIN) has come out to kick against the call to stop the development of ChatGPT, the chatbot developed by OpenAI. Armstrong took to his Twitter page to dissociate himself from the call for the halt as he noted that for advancement to be made, fear must not be allowed to prevail over innovation.…
Elon Musk and tech execs call for ‘pause’ on AI development
More than 2,600 tech leaders and researchers have signed an open letter urging for a temporary “pause” on further artificial intelligence (AI) development, fearing “profound risks to society and humanity.” Tesla CEO Elon Musk, Apple co-founder Steve Wozniak and a host of AI CEOs, CTOs and researchers were among the signatories of the letter, which was authored by the United States think tank Future of Life Institute (FOLI) on March 22. The institute called on all AI companies to “immediately pause” training AI systems that are more powerful than GPT-4…
Stargate Members Discuss Plans for $2M Worth of Arbitrum Tokens on Community Call
The tokens have not yet arrived, said MaxPower, an employee of LayerZero Labs, which manages the protocol upon which Stargate is built and who was the co-host of a community call with roughly 400 attendees on Wednesday. Once they do, however, Stargate’s governing DAO will have to decide whether to hold, sell, deploy or delegate the trove of coins. Source
Bitcoin hits $23.7K as BTC price analyst call SVB dip ‘bear trap’
Bitcoin (BTC) hit its highest since the start of the month on March 13 as U.S. bank stocks saw the largest mass halt in history. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price sees “phenomenal” rebound Data from Cointelegraph Markets Pro and TradingView tracked a thoroughly bullish hourly candle for BTC/USD, which reached $23,725 on Bitstamp. The move was eagerly anticipated by market participants, many of whom had warned of extreme volatility at the Wall Street open. 45min into US open, and banks getting halted left, right and centre. By…
Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review – The Weekly Bitcoin News
It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, U.S. Senator Elizabeth Warren blaming the event on “crypto risk,” and individuals on social media pointing out that Warren is “terribly misinformed.” Additionally, U.S. Regulators closed Silicon Valley Bank after reports of a bank run and other troubles. In other developments, Ethereum co-founder Vitalik Buterin’s address allegedly sold trillions of airdropped ERC20 tokens, causing negative price moves, and India-Russia oil deals could be challenging U.S. dollar dominance. All this and more, just below, in…
Bitcoin Miner Hut 8 Talks Operational Issues and USBTC Merger in Earnings Call
In mid-November 2022, Hut 8 stopped mining with 7,000 rigs at a site in North Bay, Ontario due to an ongoing dispute with its energy provider, Validus Power. Hut 8 has now removed all machines from the facility to a site in Medicine Hat, Alberta. Pressed about progress by analysts on the company’s earnings call Thursday morning, Hut 8 CEO Jaime Leverton said the firm is assessing opportunities to energize the miners but didn’t give any concrete alternatives. Source
Gitcoin’s Owocki Says Crypto Can Regenerate the World. Just Don’t Call Him Starry-Eyed
“I kind of think of the way I frame it is: How do we rotate capital and attention and talent and resources from degenerative projects, which are ‘number go down,’ to regenerative projects,” explained Owocki. “Regen is ‘number go up,’ positive sum games.” In other words, it’s about creating projects that add value rather than extract or reshuffle value. Source
Ether Call Options Look Attractive Relative to Bitcoin as Volatility Spread Dwindles
Volatility is mean-reverting and has a positive impact on options prices. In other words, periods of unusually low volatility are followed by increased price turbulence, which, in turn, boosts demand for options, making them pricier. Thus, traders tend to buy options when volatility is lower than its long-term average. Original