Mike Alfred, founder of Alpine Fox, stated at the Energy Investors Forum in Dallas that he does not view the boom in artificial intelligence infrastructure as a bubble, according to TheEnergyMag. However, the investor warned that for Bitcoin miners, diversifying into AI involves a choice: sell facilities and energy or take on the additional risk […]
AI could surpass the collective intelligence of humanity in about five years, and humans are unlikely to maintain control over the technology within the next decade, according to xAI founder Elon Musk in an interview with The Economist’s editor-in-chief, Zanny Minton Beddoes. Musk stated that artificial intelligence will eventually be able to perform almost all […]
The Securities and Exchange Commission (SEC) of Thailand has filed a criminal complaint against the crypto exchange Bitkub Online and two of its former top executives over reporting issues following a cyberattack in May 2021. The case will be reviewed by the Economic Crime Suppression Division. The regulator alleges that Bitkub provided incorrect information in […]
At least 12 companies that built their businesses around acquiring digital assets have recently shifted their focus to AI. Bloomberg noted that this strategic change has yet to rekindle investor interest. Stocks tracked by the publication of digital asset treasury (DAT) firms in the US and Canada have shown a median decline of 43% since […]
On July 26, Coinbase founder and CEO Brian Armstrong criticized the trend of crypto projects abandoning blockchain in favor of AI. “If you’re in crypto, pivot to AI.” I used to hear versions of this, and it’s the wrong way to think about the world. It’s zero sum, scarcity thinking. Crypto is a general purpose […]
AI-generated accounts posing as doctors are garnering millions of views on TikTok while spreading false health advice, according to The Guardian, citing research by marketing agency Hallam. The publication noted that the study is not academic. The authors analyzed 1,198 videos, including the top 50 clips for several search queries such as “health tips”, “doctor […]
With no new strikes between the U.S. and Iran and oil prices falling, bitcoin moved back above $65,000. The asset rose 1.2% over the past 24 hours. Hourly BTC/USDT chart on Binance. Source: TradingView. Ether rose 4.2% to $1,960. Solana and XRP gained 1-2%, according to CoinGecko. U.S.-Iran pause sends oil prices lower WTI oil […]
Bitcoin and other cryptocurrencies may be the first to face the practical threat of quantum computing when the technology learns to crack complex encryption mechanisms. This was stated by Quantum Xchange CEO Eddie Zervigon in an interview with CoinDesk. “Cryptocurrencies are the canary in the coal mine,” the entrepreneur added. According to Zervigon, the attack […]
Bitcoin held above $64,000, BitMEX said it will shut down, OpenAI models breached Hugging Face during a test, Telegram announced a non-custodial Gram wallet, and other highlights of the week. Bitcoin in a holding pattern At the start of the week, the first cryptocurrency tried to approach $67,000, but prices rolled back to around $64,600. […]
Chinese AI project DeepSeek has paused its second funding round, which aimed to raise at least $1.5 billion. The decision was partly due to founder Liang Wenfeng’s dissatisfaction with reports about his statements to investors, according to Bloomberg. The company verbally informed some potential investors that it would not sign agreements in the coming days […]