Ethereum (ETH) dropped about 5% over the past week and is currently trading around $2,176. This plunge comes as the broader crypto market enters a correction phase after the rallies seen in November and early December. However, ETH price manage to bounce back $2780 as of Thursday. In fact, Ethereum has actually held up slightly better than Bitcoin this week,…
Some crypto-linked ETFs like the VanEck Digital Transformation ETF and Global X Blockchain ETF have surged as much as 200% and higher in 2023. As the cryptocurrency community has been focused on the potential approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, some crypto-linked ETFs have already been racking up significant gains in 2023. One…
Should longer-term assets be allowed as reserve assets, the committee thinks these must overcollateralize the claims of stablecoin holders. In a consultative document published on Dec. 14, the Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) proposed several measures on targeted adjustment to its standard on banks’ exposure to crypto assets. The document is the result of the…
Ghaf Capital managing partner Feras Al Sadek argued that the UAE’s “regulation by education” sets it apart from other jurisdictions. Binance and other cryptocurrency firms based in the United Arab Emirates are optimistic that the country will remain a hotspot for virtual assets despite a potential shift to the United States should the Western superpower become a more crypto-friendly jurisdiction.…
German media giant Axel Springer has partnered with OpenAI to seek ways to enhance ChatGPT by integrating journalism and AI to reduce “hallucinations.” Axel Springer, one of the largest media companies in Europe, is collaborating with OpenAI to integrate journalism with artificial intelligence (AI) tool ChatGPT, the German publisher said in a statement on its blog on Dec. 13. The…
The head of the Philippines SEC clarified that Binance and any other unregistered exchange issued with an advisory has three months before they’re banned from the country. The Philippine Securities and Exchange Commission head Kelvin Lee clarified in a panel on Dec. 13 that the ban on Binance would come into effect three months after the advisory was issued. According…
Bitcoin traders’ cold feet subsides as BTC price strength takes the market back to $43,000. Bitcoin (BTC) is displaying fresh bull run signals as BTC price strength produces 7% daily gains. Data from Cointelegraph Markets Pro and TradingView hints that upside momentum may continue as on-chain metrics reset. Bitcoin “needed to cool off” after hitting $44,000 this month, analysis believes,…
The United Kingdom’s financial regulator has published a pixelated, video game-styled Wild West cartoon to enlighten investors. The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), has vigorously promoted its marketing rules for crypto firms since they were published in June. It’s now found a way to bring them to life, in the form of a pixelated Wild West…
In 2023, Yi 34B, Falcon 180B and Mixtral 8x7B emerged as some of the top open-source AI that showcased comparable performance to market leaders. While generative artificial intelligence (AI) models backed by centralized cloud infrastructure — such as ChatGPT — currently lead on overall performance, new research shows that open-source competitors are catching up. The current market leaders of generative…