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Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023

Bitcoin.com
Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023
Anna Wong
Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Additionally, the majority of the market is pricing in another 0.25% increase for the May […]
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The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

Ukraine Dismantles $40 Million Russian Crypto Pyramid

Bitcoin.com
Ukraine Dismantles Million Russian Crypto Pyramid
bitcoin.com
Ukraine Dismantles Million Russian Crypto PyramidUkrainian law enforcement has exposed a financial pyramid originating from Russia suspected of making millions of U.S. dollars. The scam convinced victims to send fiat money and cryptocurrency by promising profitable investments in big companies around the world. Large Crypto Pyramid Scheme With Russian Roots Busted in Ukraine Officers from the Security Service of Ukraine […]
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The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market

Bitcoin.com
BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market
bitcoin.com
BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales MarketWhile the non-fungible token marketplace Blur has captured a significant amount of the market share in terms of NFT sales, the market’s native token, BLUR, lost more than 28% in value last month. At present, BLUR tokens are down more than 88% since the crypto asset’s all-time high recorded on February 14, 2023. Blur’s Native […]
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The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

Elon Musk requests dismissal of $258B Dogecoin lawsuit: Report

Coin Telegraph
Elon Musk requests dismissal of 8B Dogecoin lawsuit: Report
Coin Telegraph

The plaintiff's brought up Musk’s Saturday Night Live appearance in 2021, where he portrayed "a fictitious financial expert" and called Dogecoin “a hustle,” resulting in a steep price decline minutes after.

Elon Musk and his lawyers reportedly requested a United States judge to dismiss the $258 billion lawsuit filed by investors who alleged that he operated a pyramid scheme to promote the cryptocurrency Dogecoin (DOGE).

According to an April 1 Reuters report, Elon Musk's lawyers referred to the lawsuit filed by Dogecoin investors, as a “fanciful work of fiction,” in Manhattan's federal court on March 31.

It was reported that the investors accused Musk of driving up Dogecoin's price "more than 36,000% over two years and then letting it crash."

Musk's lawyers referred to his Dogecoin statements as “innocuous and often silly tweets," in an effort to convince the judge to "throw out" the multi-billion dollar lawsuit.

Related: Elon Musk slams ‘heavy-handed’ Fed as ex-BitMEX CEO sees $1M BTC price

Musk's lawyers explained that his Dogecoin-related comments – including “Dogecoin Rulz” and “no highs, no lows, only Doge” – were “too vague” to warrant a fraud claim. The lawyers noted:

“There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion.”

The investors cited Musk’s Saturday Night Live (SNL) appearance, in May 2021, where he portrayed "a fictitious financial expert," and called Dogecoin “a hustle,” as a reference point in the lawsuit.

Minutes after his SNL appearance, the price of DOGE dumped more than 25%, falling as low as $.50 from $.66 highs at the start of the show.

Musk appeared to make numerous efforts to reignite people's enthusiasm for Dogecoin following his television appearance.

He told his Twitter followers just days after that he is working with "Doge devs to improve system efficiency," and that it could be "potentially promising."

During the market crash in March 2022, Musk told his Twitter followers that he would not sell his crypto holdings including Bitcoin (BTC), Ethereum (ETH), or DOGE.

The lawyer representing the investors, Evan Spencer, reportedly stated in an email that "we are more confident than ever that our case will be successful."

Magazine: Crypto winter can take a toll on hodlers’ mental health

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The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

Bitcoin.com
Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis
Assets
Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking CrisisAfter the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth […]
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The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

Arbitrum’s Governance Token ARB Ranks Within Top 40 Market Capitalizations Following Airdrop

Bitcoin.com
Arbitrum’s Governance Token ARB Ranks Within Top 40 Market Capitalizations Following Airdrop
addresses
Arbitrum’s Governance Token ARB Ranks Within Top 40 Market Capitalizations Following AirdropFollowing the Arbitrum token airdrop, ARB has become a top 40 cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000 listed digital currencies. Currently, there is a circulating supply of 1,275,000,000 ARB, and the Arbitrum Foundation’s DAO Treasury holds 3.52 million or 35.27% of the airdropped supply. Over the […]
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The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

ARB Token Airdrop: Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency Asset

Bitcoin.com
ARB Token Airdrop: Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency Asset
Airdrop
ARB Token Airdrop: Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency AssetA week ago, the Ethereum layer two scaling solution Arbitrum announced the launch of its native token called ARB, and since then IOU markets have launched giving some indication of how much the token may be worth. ARB claiming begins March 23 and when people get their coins on exchanges, the token’s value may turn […]
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The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’

Bitcoin.com
Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’
artificial scarcity
Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises […]
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The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

Bitcoin.com
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal
Acquisition
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in DealAfter Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit Suisse. According to unnamed sources familiar with the […]
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The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains

Bitcoin.com
Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains
asset allocation
Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher GainsAt the start of the week, a troy ounce of .999 fine gold was trading at $1,813 per unit. Seven days later, gold rose 9.65% against the U.S. dollar to the current spot price of $1,988 per ounce. Gold’s rise comes at a time when confidence in the global banking system is at an all-time […]
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The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

The Quest for True AI Consciousness – From the Turing Test to Consciousness 2.0

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