The Financial Conduct Authority (FCA) in the UK recently announced its intention to address meme-based marketing for financial products by releasing guidelines for financial services firms and social media influencers. This move comes after the FCA’s declaration of taking action against firms engaged in illegal financial promotions. The focus of the guidelines is on financial
In the realm of generative AI, the concept of openness is not as clear-cut as it may seem on the surface. While different vendors may claim to be open by sharing model weights, documentation, or tests, the reality is quite different. The training data sets, which are crucial for validating and verifying models, are often
The surge in the price of Bitcoin to around $70,000 has sparked anticipation among investors for a continued upward trend. Much of this surge can be attributed to the accumulation of Bitcoin by large whales. These whale addresses, holding substantial amounts of Bitcoin, have the power to influence the market with their transactions. However, recent
Recently, the Bitcoin price has shown signs of a notable resurgence in the market, drawing comparisons to the optimism often felt during Holy Week among Christians. This sudden surge has not only affected Bitcoin but has also impacted other major cryptocurrencies, leading to significant profits for investors in the last seven days. A well-known crypto
As Bitcoin investors bask in the recent 9.34% gain that saw the cryptocurrency trading above $71,000, all eyes are now on the upcoming halving event. Bitwise CEO, Hunter Horsley, has voiced his opinion on the significance of the impending halving, stating that it could be the most crucial event in Bitcoin’s trading history due to
Recently, news broke that Tigran Gambaryan, a high-ranking official at Binance, has taken legal action against the Office of the National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC) in Nigeria. This bold move by Gambaryan, an American citizen, has raised eyebrows and sparked debates about the treatment of foreign nationals in
Cardano (ADA) has been making significant strides in terms of technological advancements, as reported by Input Output Hong Kong (IOHK), the engineering firm behind the blockchain platform. The recent announcement from IOHK highlights crucial improvements across various aspects of the platform, signaling further growth and development for Cardano. One notable area of improvement has been
Kerrisdale Capital recently released a report claiming that MicroStrategy’s shares are currently overvalued. They believe that MicroStrategy’s shares are trading at a premium to the actual spot price of Bitcoin, which the company views as unjustifiable. This assertion led to a significant 14% decrease in MicroStrategy’s shares following the report’s publication. Analysis of the Premium
CFTC Commissioner Caroline Pham recently made remarks indicating that the charges brought against KuCoin by her agency could potentially encroach on the jurisdictional responsibilities of the Securities and Exchange Commission (SEC). While Pham praised the Division of Enforcement for taking what she described as an “aggressive enforcement action,” she expressed reservations about certain aspects of
The recent outflows from the Grayscale Bitcoin ETF had a significant impact on the market, causing a dramatic decline in the price of BTC. However, as the new week began, investors started to show bullish sentiment towards Bitcoin once again. This change in sentiment led to a slowing down of outflows from the Grayscale ETF,
