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Bitcoin ‘full breakout’ not here yet as BTC price spends month at $30K
Bitcoin refused to give up $30,000 at the July 17 Wall Street open as observers placed bets on a step lower next. chart Bitcoin traders line up downside targets Data from Cointelegraph Markets Pro and TradingView followed what one analyst called boring BTC price action into the new trading week. After an equally quiet weekend, BTC/USD showed no signs of volatility amid a lack of catalysts for change across risk assets. chart “The market is in flux, and both camps are fighting for dominance,” on-chain monitoring resource Material Indicators wrote in part of its latest analysis, referring to a battle between ... (full story)
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post at 1:44pm: SEC Chair Gary Gensler Says ‘Disappointed’ but Still Assessing Ripple Court Ruling
The Financial Stability Board (FSB) today published its global regulatory framework for crypto-asset activities to promote the comprehensiveness and international consistency of ...
Thank you, Eileen, for that kind introduction. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I’m not speaking on behalf of my fellow Commissioners or the SEC staff. Nor for or by a generative AI model. As the pandemic swept across Europe and the UK, students packed up their books and went home. One student at Trinity College in Cambridge left for his remote family farm. While in isolation, he continued his work in physics and math. Now, I’m talking about the 1660s and the bubonic plague.[1] It is said that while in confinement Isaac Newton contemplated gravity among other profound insights, including a new form of math—calculus.[2] That math innovation—perhaps the bane of some of your school experiences—is embedded in so much of life, from pharmacology to finance. In the beginning months of a more recent pandemic, when many 21st century students were packing up their books and going home, there was a rollout of a new version of a generative artificial intelligence (AI) model, GPT-3. Given the health crisis, that release may not have gotten as much attention as subsequent model releases. ChatGPT-4 was unveiled this year on Pi Day, March 14, the same day as two other competitor releases.[3] Just two days later, Baidu released Ernie Bot, a Chinese language competitor.[4] A lot of the recent buzz has been about such generative AI models, particularly large language models. AI, though, is much broader. I believe it’s the most transformative technology of our time, on par with the internet and mass production of automobiles. Just like calculus, the math underlying AI is built on the groundwork of many others. Newton built upon many earlier mathematicians’ work, including René Descartes’s 17th century mathematical achievements—Cartesian planes and the famous formula for linear transformation, y = mx + b.[5] Yes, as you can tell, I’m a bit keen on math. Similarly, AI and Newton’s work on gravity both are based upon data and computational power. Newton built upon Galileo’s work and gathered data from other scientists’ research. His computational power was his own mind and quill. Discussions about AI go back to at least the mid-20th century. You might remember Alan Turing from “The Imitation Game” movie and cracking of the Enigma code. In 1950, he wrote a seminal paper, “Computing Machinery and Intelligence,” opening with, “I propose to consider the question, ‘Can machines think?’”[6] In the 1980s, world chess champion Garry Kasparov claimed a computer would never beat a post at 1:05pm: GENSLER WARNS ARTIFICIAL INTELLIGENCE RISKS FINANCIAL STABILITY SEC STAFF IS WEIGHING WHETHER NEW RULES ARE NEEDED: GENSLER
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A measure of New York state factory activity barely expanded in July as orders edged up and inflationary pressures eased. The Federal Reserve Bank of New York’s general business ...
The head of the U.S. securities regulator said on Monday the agency was "disappointed" with a judge's recent ruling that Ripple Labs Inc did not violate federal securities laws in ...
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile ...
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- Posted: Jul 17, 2023 2:17pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 204