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Analysts: Confiscation of Russian Assets in the US Would Supercharge De-Dollarization

Bitcoin.com
Analysts: Confiscation of Russian Assets in the US Would Supercharge De-Dollarization
Analysts
Analysts: Confiscation of Russian Assets in the US Would Supercharge De-DollarizationAnalysts are pondering the effects of the approval of the Rebuilding Economic Prosperity and Opportunity (REPO) Act by the U.S. House. The execution of seizures for over $6 billion of Russian assets held in U.S. institutions would “supercharge” the de-dollarization efforts of several nations. This is due to the possibility of having their assets seized […]
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Gordon Goner on his dramatic health battles and Bored Apes turning 3

Gordon Goner on his dramatic health battles and Bored Apes turning 3

Crypto.com CEO: Bitcoin Price Dip Likely After Halving but ‘Great Performance’ Within 6 Months

Bitcoin.com
Crypto.com CEO: Bitcoin Price Dip Likely After Halving but ‘Great Performance’ Within 6 Months
Analysts
Crypto.com CEO: Bitcoin Price Dip Likely After Halving but ‘Great Performance’ Within 6 MonthsThe chief executive of Crypto.com has warned of some selling coming up as we approach the Bitcoin halving, citing the “buy the rumor, sell the news” strategy. Noting that what’s happening in the bitcoin market currently resembles previous cycles, he stressed: “I personally expect great performance within the next six months.” ‘There May Be Some […]
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Gordon Goner on his dramatic health battles and Bored Apes turning 3

Gordon Goner on his dramatic health battles and Bored Apes turning 3

Analyst Predicts $650K Bitcoin Price Once ETF Investors Fully Deploy Asset Manager Recommendations

Bitcoin.com
Analyst Predicts 0K Bitcoin Price Once ETF Investors Fully Deploy Asset Manager Recommendations
Analysts
Analyst Predicts 0K Bitcoin Price Once ETF Investors Fully Deploy Asset Manager RecommendationsPopular onchain analyst Willy Woo has predicted a potential bitcoin price surge to $650,000 at the bull market’s peak. His prediction hinges on spot bitcoin exchange-traded fund (ETF) investors fully deploying their assets based on recommendations from asset managers. “These are very conservative numbers. Bitcoin will beat gold cap when ETFs have completed their role,” […]
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Gordon Goner on his dramatic health battles and Bored Apes turning 3

Gordon Goner on his dramatic health battles and Bored Apes turning 3

ChatGPT and AI the newest vector for malware: Meta security team

Coin Telegraph
ChatGPT and AI the newest vector for malware: Meta security team
Analysts

Security researchers at Meta said “bad actors” have flocked to generative AI because it’s the latest tech to capture “people’s imagination and excitement.”

Artificial intelligence tools, such as ChatGPT, have become the latest way for “bad actors” to distribute malware, scams and spam — research from Meta’s security team warns.

A May 1 research report from Facebook parent Meta’s security team found 10 malware families posing as ChatGPT and similar artificial intelligence tools in March, some of which were found in various browser extensions, noting: 

“Since March alone, our security analysts have found around 10 malware families posing as ChatGPT and similar tools to compromise accounts across the internet.”

Meta explained that these “bad actors” — malware operators, scammers, spammers and the like — have moved to AI because it’s the “latest wave” of what is capturing “people’s imagination and excitement.”

The research comes amid a major interest in artificial intelligence, with ChatGPT, in particular, capturing much attention brought to AI. 

“For example, we’ve seen threat actors create malicious browser extensions available in official web stores that claim to offer ChatGPT-related tools," it added.

Meta security said that some of these “malicious extensions” included operations with ChatGPT functionality which coexisted alongside the malware.

The firm’s security team then explained that bad actors tend to move to where the latest craze is, referencing the hype around digital currency and the scams that have come from it:

“This is not unique to the generative AI space. As an industry, we’ve seen this across other topics popular in their time, such as crypto scams fueled by the interest in digital currency.”

“The generative AI space is rapidly evolving and bad actors know it,” they added, stressing the need to be “vigilant.”

Guy Rosen, Meta’s chief security officer, went one step further in a recent interview with Reuters by stating that “ChatGPT is the new crypto” for these bad actors.

Related: OpenAI launches bug bounty program to combat system vulnerabilities

It should however be noted that Meta is now making its own developments in generative AI.

Meta AI is currently building various forms of AI to help improve its augmented and artificial reality technologies.

Despite being heavily invested in the Metaverse, AI is now Meta’s single largest investment, according to chief executive Mark Zuckerberg.

Cointelegraph contacted OpenAI — the team behind ChatGPT — for comment.

Magazine: NFT Creator, Emily Xie: Creating ‘organic’ generative art from robotic algorithms

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Gordon Goner on his dramatic health battles and Bored Apes turning 3

Gordon Goner on his dramatic health battles and Bored Apes turning 3

Citi Analysts Predict ‘Near-Perfect Conditions’ for Silver’s Ongoing Bull Market; Experts Suggest $30 an Ounce a Possibility

Bitcoin.com
Citi Analysts Predict ‘Near-Perfect Conditions’ for Silver’s Ongoing Bull Market; Experts Suggest an Ounce a Possibility
$30 per ounce
Citi Analysts Predict ‘Near-Perfect Conditions’ for Silver’s Ongoing Bull Market; Experts Suggest an Ounce a PossibilityThe price of silver fell 2.85% against the U.S. dollar last week. However, taking a broader perspective, the precious metal has made significant gains this year. Over the past six months, silver has risen more than 29% against the greenback, and as of April 22, 2023, it was hovering around $25.08 per ounce. Citi analysts […]
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Gordon Goner on his dramatic health battles and Bored Apes turning 3

Gordon Goner on his dramatic health battles and Bored Apes turning 3

Bank of Russia Analysts Note Ditching US Dollar Is ‘Hardly Possible’ Without Structural Changes to Foreign Trade

Bitcoin.com
Bank of Russia Analysts Note Ditching US Dollar Is ‘Hardly Possible’ Without Structural Changes to Foreign Trade
Analysts
Bank of Russia Analysts Note Ditching US Dollar Is ‘Hardly Possible’ Without Structural Changes to Foreign TradeA report from the research department of the Bank of Russia shows that, due to the structure of foreign trade contracts, it will be difficult to ditch the usage of the U.S. dollar to settle payments. The analysts found that contracts are often denominated in U.S. dollars and that most transactions are still concluded with […]
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Gordon Goner on his dramatic health battles and Bored Apes turning 3

Gordon Goner on his dramatic health battles and Bored Apes turning 3

Ethereum’s Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12

Bitcoin.com
Ethereum’s Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12
32 ETH
Ethereum’s Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12The Ethereum blockchain is set to undergo its next major update since the network switched from proof-of-work to proof-of-stake through The Merge. The upcoming upgrade, dubbed “Shapella,” which combines the Shanghai and Capella validator changes, is expected to take place on April 12, 2023. While most users will not be affected by the change, the […]
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Gordon Goner on his dramatic health battles and Bored Apes turning 3

Gordon Goner on his dramatic health battles and Bored Apes turning 3

Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease

Bitcoin.com
Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease
3% range
Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of DecreaseWhile several market strategists and analysts expect U.S. inflation to drop considerably in 2023 compared with last year, Michael Wilkerson, founder of Stormwall Advisors, thinks the inflation rate could climb as high as 12% by the end of this year. The country’s inflation rate has cooled down over the past seven months, but Wilkerson insists […]
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Gordon Goner on his dramatic health battles and Bored Apes turning 3

Gordon Goner on his dramatic health battles and Bored Apes turning 3

Bitcoin price more correlated to FTX developments than macro events: Research

Coin Telegraph
Bitcoin price more correlated to FTX developments than macro events: Research
Analysts

While inflation has an effect on the price of Bitcoin, researchers were bewildered by bitcoins resilience to other macroeconomic factors.

The collapse of FTX and related developments did more to pull up or push down the price of Bitcoin (BTC) throughout Q4, compared to macroeconomic events such as rate hikes, according to research.

In a “State of Bitcoin Q4 2022” report published on Feb. 10, Messari research analysts Sami Kassab and Chris Collar found that the collapse of the exchange resulted in a 25% decrease in the price of Bitcoin.

The report highlighted that changes to the federal funds rate had a much smaller effect on the price of Bitcoin, even after 75 and 50 basis point hikes.

It also pointed out that active wallets increased by 2% compared to the previous quarter as Bitcoin was moved out of centralized exchanges to self-custodial wallets during the period

A research paper from the Federal Reserve Bank of New York earlier this week came to a similar conclusion.

The Feb. 8 paper looked at the links between macroeconomic news and the price of Bitcoin, finding that inflation was the only variable to have a significant impact on the price of Bitcoin.

The paper’s authors — research analysts Gianluca Benigo and Carlo Rosa — compiled data from Jan. 2017 to Dec. 2022 looking at the impact of macroeconomic news on various asset classes.

The study took into account many macroeconomic news categories, including inflation, the real economy, monetary policy news, and forward-looking indicators.

Related: Bitcoin price hits 2-week low amid warning $22.5K loss means fresh dip

The authors expressed surprise at their findings, concluding:

“The key result is that, unlike other U.S. asset classes, Bitcoin is orthogonal to monetary and macroeconomic news. This disconnect is puzzling as unexpected changes in discount rates should, in principle, affect the price of Bitcoin even when interpreting Bitcoin as a purely speculative asset.”

Despite the U.S. Federal Reserve continuing to raise rates at a record pace, Bitcoin has had a stellar start to 2023, increasing by just under a third from $16,557 to $21,888 according to Yahoo Finance.

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Gordon Goner on his dramatic health battles and Bored Apes turning 3

Gordon Goner on his dramatic health battles and Bored Apes turning 3

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

Bitcoin.com
Banks in Russia to Lose 0 Million a Year Due to Digital Ruble, Experts Say
Analysts
Banks in Russia to Lose 0 Million a Year Due to Digital Ruble, Experts SayRussian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s Digital Ruble Said to Result […]
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Gordon Goner on his dramatic health battles and Bored Apes turning 3

Gordon Goner on his dramatic health battles and Bored Apes turning 3

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