Friday, March 29, 2024
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BTC Price’s 3-Week Consolidation Under $38K Builds Bullish Sentiment

"Bitcoin bounces around in an ascending channel, hitting its three-week upper resistance of $37.8K on Wednesday evening. An intensifying sell-off thwarts attempts to heat the price, but the pullbacks have become less deep over the past three weeks, suggesting the building up of bullish sentiment," Alex Kuptsikevich, a senior market

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ChatGPT creator OpenAI builds new team to check AI risks

OpenAI, the artificial intelligence (AI) research and deployment firm behind ChatGPT, is launching a new initiative to assess a broad range of AI-related risks.OpenAI is building a new team dedicated to tracking, evaluating, forecasting and protecting potential catastrophic risks stemming from AI, the firm announced on Oct. 25.Called “Preparedness,” OpenAI’s

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JPMorgan Builds Blockchain Infrastructure for Deposit Token that Speeds Up Cross-Border Payments and Settlements

In addition to the JPM Coin, JPMorgan is now developing another blockchain asset that will function as a deposit token for cross-border transactions. Multinational bank and financial services giant JPMorgan (NYSE: JPM) is developing a blockchain deposit token to smoothen cross-border payments and settlements. According to a person familiar with the project, JPMorgan

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Kraken builds fake crypto account to ‘bait’ fraudsters

United States crypto exchange Kraken has provided a novel method for flagging nefarious wallets — building a fake crypto account on the exchange to “scam bait” bad actors.Tweeting on May 10, popular streamer Kitboga — whose content revolves around annoying scammers— revealed that Kraken had built him a “custom environment”

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Bitcoin, Not Ether, Builds Crypto Market Dominance Ahead of Ethereum’s Shanghai Upgrade

"BTC got the store-of-value narrative back after multiple U.S. banks failed in mid-March. Since then, BTC's dominance rate has been rising," Dubai-based crypto analyst and trader Reetika Malik said. Dominance rate is now at a "multiyear resistance" that has capped the upside in the past, meaning ether and other coins

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