President of the Minneapolis Federal Reserve Bank Neel Kashkari participated in a fireside chat at the Minnesota Transportation Conference & Expo on May 15. While he spoke mostly about topics unrelated to cryptocurrency and blockchain, he gave a blunt assessment of central bank digital currency (CBDC) during the Q&A after his presentation. “We’re studying it,” Kashkari said of CBDC, adding…
As the WGA writer’s strike enters its third week, actress and computer scientist Justine Bateman posted a tweet thread detailing how artificial intelligence could disrupt the entertainment industry—and what actors can do to protect themselves. “A.I. has to be [addressed] now or never. I believe this is the last time any labor action will be effective in our business,” Bateman…
With artificial intelligence (AI) often generating fictitious and offensive content, Anthropic, a company helmed by former OpenAI researchers, is charting a different course—developing an AI capable of knowing what’s good and evil with minimum human intervention. Anthropic’s chatbot Claude is designed with a unique “constitution,” a set of rules inspired by the Universal Declaration of Human Rights, crafted to ensure…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG You’ve never played chess like this before. In a new crossover, chess video game Immortal Game and electronic musicians Polo & Pan have teamed up to put a lively new twist on the 1,500-year-old board game. The tie-up will see the launch of a limited edition collection of 500…
On May 15, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” which revealed that digital asset investment products experienced another week of consecutive outflows, with a total of $54 million exiting the market. This brings “the total outflow to US$200m, representing 0.6% of total assets under management (AuM),” CoinShares reported. Weekly crypto asset flows. Source:…
Midway through May and bitcoin has mostly fallen lower, as markets digested several key pieces of economic data. The headline was another rate hike by the Federal Reserve, which came as U.S. non-farm payrolls rose marginally higher than expected. Heading into the last fortnight of the month, could bulls be on the brink of returning? Current Market Status At the…
Bitcoin’s price (BTC) broke below its 55-day resistance at $27,000 on May 12, down 12.3% in 30 days. But, more importantly, it decoupled from the S&P 500 index, which is basically flat from 30 days ago, and 15% below its all-time high. Bitcoin price in USD (right) vs. S&P 500 futures (left), 12-hour. Source: TradingView As the chart indicates, for…
Money is being pulled out of big crypto funds as investor sentiment seemingly shifts and the digital asset market as a whole dips. Last week, investors withdrew over $54 million from large digital asset funds for the fourth consecutive week, digital assets firm CoinShares said in a Monday report. The cash flowed out from large funds designed for accredited investors…
The Securities and Exchange Commission (SEC) on Friday asked a court to reduce a $22 million penalty levied against LBRY, recognizing that the decentralized publishing platform may not be able to afford its multi-million dollar punishment. The financial watchdog is now asking a court to impose a lower penalty of $111,614. The SEC based the move on its understanding that…
Amazon is preparing to develop and implement a new “search” functionality for its online web store featuring a ChatGPT-like interface. A pair of job postings first spotted by Bloomberg spell out the company’s plans, which state in unambiguous language that Amazon intends to reinvent its long-standing search feature. In a job listing for a “Sr Technical Program Manager,” the company…
