Alphabet Inc Loses $100 Billion After Google’s AI Chatbot Error
Google's advertisement for chatbot Bard was first pointed out by Reuters, and OpenAI, a startup Microsoft is backing, has introduced software that has become a fixation in Silicon Valley circles for its surprisingly accurate and well-written answers to simple prompts. This has caused investors to worry that Alphabet is losing its competitive edge."}" data-sheets-formula="=OpenAI(RC,RC)">Alphabet Inc (GOOGL.O) lost $100 billion...
Stargate Finance’s STG Token Surges 13% on Avalanche-Based DEX Partnership
Stargate Finance's native STG token surged 13% over the past 24 hours following its announced plan to team up with Avalanche-based decentralized exchange Trader Joe to unlock omnichain fungible tokens. STG has recently climbed from roughly 60 cents a day ago to 92 cents, rising about 50% in the past seven days and 150% this year. The partnership between...
Brian Armstrong Warns Against Potential SEC Ban on Crypto Staking for Retail Investors
Coinbase CEO Brian Armstrong Warns Against Potential SEC Ban on Crypto Staking Coinbase CEO Brian Armstrong has expressed his concern over rumors that the U.S. Securities and Exchange Commission (SEC) is considering banning retail investors from engaging in cryptocurrency staking. Staking is a popular income-generating technique used to run blockchains such as Ethereum. Armstrong believes that if the SEC were...
SEC to Heighten Scrutiny of U.S. Crypto Broker-Dealers, Investment Advisors
SEC to Increase Scrutiny of Crypto-Related Investment Firms The U.S. Securities and Exchange Commission (SEC) has announced that it will be increasing its scrutiny of broker-dealers and investment advisers that deal in cryptocurrencies this year. The SEC will be examining these firms to ensure that they are following the necessary standards of care when making recommendations, referrals, or providing...
RNDR Token Surges 80% After Vote Passes New Tokenomics Model
Render Network Token Price Surges Following Vote on New Tokenomics Model The blockchain-based distributed rendering service Render Network has seen its utility token, RNDR, surge over 80% in the past week. This follows the network's vote to pass a new tokenomics model, capping net emissions. The new model allows artists to burn the required amount of RNDR in exchange...
Sam Bankman-Fried Appeals Judge’s Decision to Make Co-Signers of $250M Bail Bond Public
Sam Bankman-Fried Appeals Judge's Decision to Make Co-Signers of $250 Million Bail Bond Public Sam Bankman-Fried, the former chief of FTX, has filed an appeal against a judge's decision to make the identities of the two people who co-signed his $250 million bail bond public. It was already known that Bankman-Fried's parents had co-signed the bond, but the other names...
Argentina: CNV to Regulate Crypto Companies with New Money Laundering Law
Argentina's National Securities Commission to Regulate Crypto Companies The National Securities Commission (CNV) of Argentina has announced that it will be establishing and regulating requirements for crypto companies operating in the country. This move comes as part of a reform of the money laundering prevention law that is currently being discussed in the Argentine Congress. The CNV's jurisdiction over...
Uniswap v3 to be Deployed on Boba Network After Community Vote
Uniswap v3 to be Deployed on Boba Network Uniswap, a decentralized exchange (DEX), is set to deploy its version 3 (v3) on Boba Network, a separate blockchain that works atop Ethereum. This follows a favorable community vote. Uniswap is a smart contract-based platform that allows users to access financial services such as lending and borrowing without relying on third...
DCG Selling Grayscale Holdings at Discount – Grayscale Bitcoin Trust (GBTC) Impact
DCG Selling Grayscale Holdings at Steep Discount Digital Currency Group (DCG) is selling holdings in several investment vehicles run by its subsidiary and digital assets manager Grayscale at a steep discount, according to a Financial Times report. Grayscale operates the Grayscale Bitcoin Trust (GBTC), which has over $10 billion in assets under management and was recently trading at a...
Google Announces Bard, The New ChatGPT Rival
Google is launching an Artificial Intelligence (AI) powered chatbot called Bard to rival ChatGPT. Bard is designed to answer questions and find information, using the internet as an enormous database of knowledge. It is built on Google's existing large language model Lamda, which one engineer described as being so human-like in its responses that he believed it was sentient. The...
