OpenAI CEO warns of temporary security flaw
OpenAI, the artificial intelligence research lab founded by Tesla CEO Elon Musk and other prominent tech industry leaders, has recently faced criticism for a security flaw in its ChatGPT platform. In a tweet, OpenAI Chief Executive Sam Altman acknowledged that the platform had a significant issue due to a bug in an open source library, […]
Short-Term BTC Holders, Stablecoin Supplies Could Indicate Cryptos Future Price Direction
The recent decision by the Federal Open Market Committee (FOMC) to raise interest rates by 25 basis points has had a profound impact on the world of finance. However, it appears that two crypto indicators – stablecoin supply and the profitability of bitcoin (BTC) held by investors with short-term horizons – will likely have a […]
Bitcoin (BTC) Remains Close to $30K as Fed Stays the Course on Rate Hikes
Bitcoin (BTC) has remained relatively steady at around $28,600 on the Bitstamp exchange following the recent announcement that the US Federal Reserve would be raising interest rates by 25 basis points. This incremental rate hike indicates that further tightening may be possible, with financial analysts speculating that there could be one more 25 basis point […]
Fed’s median view of fed funds rate at end-2023 unchanged at 5.1% in March
The Federal Reserve recently released its revised Summary of Economic Projections (SEP), and a particular aspect of it caught the eye of the public: the so-called dot plot. The dot plot is a visual representation of the expectations of members of the Federal Open Market Committee (FOMC), the group that determines monetary policy in the […]
Singapore-Based Investment Firm Plans to Inject $100M Into Web3 Startups
Singapore-Based Investment Firm Plans to Inject $100M Into Web3 Startups As Bitcoin is moving towards nine-month highs, the Singapore-based investment firm BitRock Capital is set to raise $100 million to invest in Web3 startups. The firm, backed by logistic real estate operator GLP, plans to invest in finance and blockchain startups in China and Southeast […]
GBP/USD to retest its 1.2447/49 December and January highs – Credit Suisse
GBP/USD Displays a Robust Tone and May Test Year-to-Date Highs at 1.2447/49 GBP/USD continues to demonstrate a positive performance as it recovers back above its 200-day moving average, indicating a strong momentum. Economists at Credit Suisse predict that the pair may test the year-to-date highs of 1.2447/49. The resistance level at 1.2270’s mid-February high and […]
PBW 2023 explores the current state of the blockchain space
The Paris Blockchain Week 2023 conference attracted prominent tech companies’ professionals discussing the current state of the blockchain space during the “State of the Chain 2023” panel discussion. The panel discussion was moderated by Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr, with panelists Ryan Nitz, the head of solutions architecture at Coinbase; Matthew Savarese, the head of […]
USD/BRL to inch higher gradually towards 5.38 and projections of 5.46/5.48 – SocGen
USD/BRL Sees a Bounce: Economists at Société Générale Predict a Gradual Upswing The USD/BRL has managed to stage a bounce recently; this came after the pair fell under pressure to defend the key support level at 5.01 representing lows of last August/November. Economists at Société Générale predict that the pair will gradually trend higher, but […]
Bitcoin $30K bets greet FOMC as analyst warns over long liquidations
Bitcoin (BTC) is currently being closely watched by traders and investors in the lead up to the United States Federal Reserve’s decision on interest rates. As BTC approaches $30,000, some predict that a drop to below $20,000 could be on the cards, although traders remain divided over the course of action for the digital currency. […]
Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’
On Monday, the Biden administration’s economic report was released and it focused on several topics, including cryptocurrency and decentralized finance (defi). The report states that crypto assets are “mostly speculative investment vehicles” that are not backed by anything and are traded without fundamental anchors. The report further argues that crypto assets do not deliver on […]