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Charlie Munger, the billionaire vice chairman of Berkshire Hathaway, dismissed artificial intelligence (AI) as excessive hype while doubling down on his criticism of Bitcoin (BTC). The AI buzz and Munger’s take AI is rapidly gaining traction across various sectors of the global economy just like blockchain, with platforms like Binance already incorporating
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"If the crypto community and crypto investors like me want to fit into the existing global financial services system, we have to tuck under the regulator," he said. "I no longer have any interest in going to war with regulators, litigating regulators and suing regulators. That is not the future
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An anonymous Ethereum investor has lost more than $2 million trading Ether (ETH) since Sept. 9, 2022, on-chain data shows.Buying Ether high, selling lowSpotted by on-chain monitoring resource Lookonchain, the "stupid money" trader spent $12.5 million in stablecoins to buy 7,135 ETH after it rallied 10% to $1,790 in September
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Insolvent crypto exchange FTX suffered a $600 million exploit late Friday after filing for bankruptcy protection. Source
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Berkshire Hathaway CEO Warren Buffett says he won’t buy all the bitcoin in the world for $25. Meanwhile, his longtime business partner and right-hand man, Charlie Munger, says bitcoin is stupid and evil, noting that the cryptocurrency makes him look bad. Warren Buffett Explains Why He Won’t Buy Bitcoin Warren Buffett and
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