Virtual Currency
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AI and BCT
Industry executives hailed the beginning of a new bull market, with an increasing number of voices predicting new all-time highs for Bitcoin above $100,000 in 2024.
This year, Bitcoin has increased in value by over 120%, and many people are...
AI and BCT
CEO of Coinbase claims the cryptocurrency market can move on after the historic Binance settlement
After Binance was hit with a historic settlement by the U.S. Department of Justice, the crypto industry can finally close the chapter on a long list of scandals and issues, according to Coinbase CEO Brian Armstrong on Monday.
Armstrong stated,...
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Sam Altman Says, OpenAI Changed its Plans and Won’t Train LLMs on Customer Data
OpenAI CEO Sam Altman recently said, “OpenAI hasn’t trained its AI large-language models such as GPT with paying customer data for a while. Customers clearly want us not to train on their data, so we’ve changed our plans: We...
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Intel reports the highest quarterly loss in the history of the company
Intel reported first-quarter results yesterday that showed a 133% annual reduction in its earnings per share. Revenue declined nearly 36% year over year to around $11.7 billion.
The loss per share and sales were comparatively better than soft Wall Street anticipations.
For the second...
Virtual Currency
GitLab shares plunged 38% after software firm issues weak full-year revenue forecast
GitLab shares declined as much as 38% after the provider of source code management software issued a full-year revenue forecast for GitLab that fell short of anticipations.
GitLab lost 3 cents per share in comparison to the expected loss of 14...
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China announces a target of 5% Growth in GDP for 2023; Shows Cautious Approach.
China’s leaders take a cautious approach to the estimate for the country’s economic recovery, after removing most of the Covid restrictions on business activity that were imposed in 2022.
China announced a target of around 5% Gross Domestic Product (GDP) growth...
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CSRC announces new rules for overseas IPOs
CSRC announces new rules for overseas IPOs
The China Securities Regulatory Commission (CSRC) recently announced new rules that require domestic firms to comply with national security regulations and the personal data protection law measures before going public overseas.
China-based firms now...
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Crypto market gains $84 billion
Crypto market gains $84 billion despite tougher regulatory stance from US Authorities
Crypto markets gained $84 billion in value yesterday despite tougher regulatory stand from the USA government.
Bitcoin rose to $24,500.00 while ether was up at $1,679.31, as per the Coin Metrics.
Vijay Ayyar,...
AI and BCT
Research Says, World Economy May Face A Recession In 2023
Center for Economics and Business Research (CEBR) says that high-interest rates by most influential central banks in the world to combat the inflation will lead to a recession in 2023.
British consultancy in its yearly World Economic League Table said...
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Key Fed inflation increased by 0.4% in January, up 2.8% from a year ago
Inflation increased in January as expected, according to a key indicator the Federal Reserve uses when deciding whether to...
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