JP Morgan just rolled out ChatGPT to 60,000 employees, demonstrating the demand for generative AI in the financial services sector. Read More at https://cointelegraph.com/news/ibm-new-lightweight-engine-artificial-intelligence-fintech?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Monthly Archives: August 2024
Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff
The assets in question were evidently given to Tether as collateral. Read More at https://cointelegraph.com/news/celsius-sues-tether-seeking-3-5b-over-bitcoin-collateral-selloff?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Apple used Google’s chips to train its AI — where does that leave Nvidia?
Nvidia’s shrinking market cap could signal a shift in the generative AI developer’s market. Read More at https://cointelegraph.com/news/apple-used-google-chips-train-ai-nvidia?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Nigerian crypto community supports activist’s fight for rights
As the case progresses, the community’s backing will be crucial in maintaining momentum and advocating for a more favorable regulatory environment. Read More at https://cointelegraph.com/news/nigerian-crypto-activist-james-otudor-gains-community-support?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Harris campaign’s alleged crypto reset questioned amid Fed's bank action
Critics argue that the Fed’s actions represent a significant overreach and could stifle innovation in the rapidly growing cryptocurrency sector. Read More at https://cointelegraph.com/news/fed-action-customers-bank-harris-crypto-reset?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Gemini urges CFTC to withdraw proposed rule on event contracts
Gemini co-founder Cameron Winklevoss believes that cryptocurrency prediction platforms offer a level of integrity that other platforms can’t match. Read More at https://cointelegraph.com/news/cryptocurrency-exchange-gemini-united-states-cftc-prediction-markets-polymarket?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC and Ideanomics settle in fraudulent $40M crypto revenue reporting
The Ideanomics case exemplifies the potential consequences of misleading financial practices and reinforces the need for rigorous compliance with federal securities laws. Read More at https://cointelegraph.com/news/sec-settles-ideanomics-crypto-fraud?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
VC firms are slowing down crypto investments for a 'nuanced reason' — Venture Capitalist
Adam Cochran highlighted that crypto funding has slowed as venture capitalists prefer to focus on “breakout trends” rather than “moonshots.” Read More at https://cointelegraph.com/news/venture-capital-crypto-firms-slowing-down-bitcoin-ethereum-returns?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin bull-bear cycle indicator flips bullish as price holds $60K
The Bitcoin bull-bear market indicator has turned green once more after Bitcoin’s drop below $50,000 triggered its first bearish signal since January 2023. Read More at https://cointelegraph.com/news/bitcoin-bull-bear-cycle-indicator-price-60k-bullish-cryptoquant-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
AI offerings are a bad joke, and investors aren't laughing
Neither OpenAI nor other tech giants have produced systems capable of doing much, but that hasn’t stopped them from pushing for massive new investments. Read More at https://cointelegraph.com/news/artificial-intelligence-bad-joke-investors-arent-laughing?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound