Hong Kong’s financial regulator announced it will allow retail investors to trade certain cryptocurrencies starting June 1, perhaps contributing to a small boost to Bitcoin’s price in the past 24 hours. The leading cryptocurrency is up by 1.3% so far today at $27,384 following the policy change by Hong Kong’s Securities and Futures Commission. With…
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Crypto derivatives exchange Bitget has decided to limit how much it uses artificial intelligence (AI) tools like ChatGPT due to the potential for misinformation. According to the exchange, problematic results, including false information about crypto-related topics, have come from the use of AI-based chat bots, which Bitget previously has used to handle customer service inquiries….…
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With the crypto markets seeing less trading volume, Bitcoin’s price fluctuations have mellowed lately. However, on-chain data shows that long-term Bitcoin holders are continuing to hold on to their positions. As a result, Bitcoin is presently trading within a tight price range. Given this, what are the best cryptos to buy now? Typically a very volatile…
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This week’s Crypto Biz explores Tether’s first quarter audit, Ripple’s partial victory against the SEC, Worldcoin fundraising and Ledger’s controversial recovery service. Banks want to reduce exposure to crypto businesses, just as crypto businesses are seeking to reduce exposure to the ongoing banking crisis. Tether’s latest audit report shows that the stablecoin issuer withdrew over…
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The battle between Bitcoin and the $27,000 mark continues, with the cryptocurrency struggling to make headway in the face of mounting economic challenges. However, a ray of hope is beginning to break through the macroeconomic clouds as Federal Reserve Chair Jerome Powell suggests a possible abatement in rate increases. In the face of mounting cryptocurrency…
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An internal document from the tech giant said that while it develops its own AI technology, employee usage of outside AI chatbots will be restricted. Big Tech giant Apple has restricted company usage of the widely popular artificial intelligence (AI) chatbot ChatGPT over fears its sensitive data could be compromised. A report by The Wall…
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Controversial mega influencer Andrew Tate is pumping the meme coin mania that has taken over cryptocurrency markets in recent weeks, created significant congestion on major blockchains like Bitcoin and Ethereum and given rise to a new wave of popular meme coins including Pepe (PEPE). Tate just announced via Twitter that, on the 1st of June,…
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Bitcoin’s price has once again dipped below $27,000, indicating a slight selloff in the broader cryptocurrency market. At the time of writing, Bitcoin is trading at $26,632 and experiencing a loss of 2.83% so far today. Other major cryptocurrencies, such as Ethereum (ETH) and Binance Coin (BNB), are also experiencing a decline, with losses of…
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Italian officials are setting aside $33 million to enhance the development of digital skills for workers at risk termination due to automation and AI. Italy’s back and forth with the emergence of artificial intelligence (AI) continues, after lawmakers in the country announced funds for those at risk of losing their jobs to automation. On May…
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Tether, the largest stablecoin issuer and one of the most controversial companies in crypto, announced a new investment strategy today: the company will allocate up to 15% of its reserves to buy and hold Bitcoin. The strategy moves away from Tether’s long-held conservative investment approach and shows that the company believes that Bitcoin is the…
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