While much of the jury’s attention has been consumed by alternative balance sheets and to-do lists throughout Ellison’s testimony, a tissue drawn by the former Alameda CEO on Wednesday afternoon represented a break from meticulous answers throughout her time on the stand. She started crying and her voice quivered while talking about the emotional weight lifted once it was clear…
October 11, 2023 US stocks rose for the fourth day in a row today, as traders waited for the consumer price index report to be released on October 12. The Dow Jones Industrial Average increased by 65.57 points (0.19%), to 33,804.87. The S&P 500 gained 18.71 points (0.43%), closing at 4,376.95. The Nasdaq went up by 96.83 points (0.71%), ending…
During Paris Fashion Week, French beauty giant L’Oréal inaugurated Le Visionnaire, a new creative hub in the French capital that harnesses artificial intelligence (AI) and state-of-the-art technology to help forge the L’Oréal of the future. A five-story mirrored capsule, recalling an upside-down test tube, is nestled between two adjoining 18th-century buildings. At its heart is an enormous ovoid form, which…
Another so-called stablecoin has gone unstable, losing its peg to the U.S. dollar and plummeting in value by 50% within hours on Wednesday. USDR—a “rebasing” stablecoin issued by asset tokenization protocol Tangible—traded for $0.996 at 7:53 am ET on Wednesday before dropping to just $0.50 by noon. Stablecoins are designed to maintain price parity with relatively “stable” assets, including fiat…
Seven members of the United States Senate have called on the Treasury Department and Internal Revenue Service (IRS) to advance a rule imposing certain tax reporting requirements for crypto brokers “as swiftly as possible”. In an Oct. 10 letter to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, a group of U.S. senators including Elizabeth Warren and Bernie Sanders…
Hong Kong has allowed retail crypto trading since June. Source: https://cointelegraph.com/public/index.php/news/less-50-percent-hong-kong-retail-crypto-investors-aware-regulations
The plugin is free to use and features up-to-date crypto data sourced from CoinMarketCap. Source: https://cointelegraph.com/public/index.php/news/coinmarketcap-launches-chatgpt-plugin
JPMorgan’s Onyx Coin Systems has scored another win in the Middle East with the completion of a blockchain-based cross-border payments pilot project with First Abu Dhabi Bank (FAB). The pilot phase was “executed seamlessly with satisfactory response times,” according to a statement. The FAB pilot wound up weeks after a similar test in Bahrain, where Bank ABC had been testing…
Although AI exploded onto the scene through sometimes eerily clever chatbots, text-based interactions are already old fashioned. The announcement of OpenAI’s GPT-4 update introduced GPT-Vision (GPT-V), the latest multimodal AI marvel. The announcement is now become reality as users finally get a chance to test the full potential of its abilities. A multimodal large language model (LLM) means that it…
Investing legend Paul Tudor Jones has revealed that he’s bearish on stocks and bullish on gold and Bitcoin (BTC). The two main reasons he cites are the potential for an escalation of the conflict between Israel and Hamas, and subpar fiscal conditions in the United States. While an inverted yield curve wasn’t included in Tudor’s comments, it’s yet another important…
