Former Google China boss doubles down: AI to take 50% of jobs by 2027
Kai-Fu Lee predicted the modern AI zeitgeist back when OpenAI was a non-profit building chatbots.
Computer scientist and venture capitalist Kai-Fu Lee recently reiterated his stance that artificial intelligence (AI) technology would supplant at least half of the global human workforce by 2027.
Kai-Fu Lee initially predicted that AI would take over at least half of all human jobs back in 2017. A stance he’s stuck by in the time since. In a 2018 interview with IEEE Spectrum, for example, he pointed out that despite the fact that humans had many talents and skills that AI was unlikely to achieve, AI would still replace around half of us at work.
“Most jobs are repetitive,” Kai-Fu Lee said at the time, pointing to “truck-driving, telemarketing, dishwashing, fruit picking, assembly-line work, and so on.”
Venezuelan Authorities Seize Over 6,000 Bitcoin Miners in 2 New Operations; Over 17,000 Confiscated In Total
Venezuelan authorities led by the National Power Ministry and Corpoelec, the state-owned power company, have seized over 6,000 bitcoin miners in two new operations. The ministry, which recently declared that it would disconnect all bitcoin miners due to its high energy consumption, has already confiscated over 17,000 miners from several mining farms. Venezuelan Authorities Advance […]Elizabeth Warren and Anti-Crypto Movement Losing Their Battle, According to Former CFTC Chairman: Report
The former Chair of the Commodity Futures Trading Commission (CFTC) reportedly says that Senator Elizabeth Warren and her anti-crypto agenda are losing their battle. In a new interview with Forbes, former CFTC Chairman Christopher Giancarlo reveals that he’s bullish on the future of digital assets and says that the anti-crypto wing is a “shrinking iceberg.” […]
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FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts
The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital’s FDUSD experienced a 29% supply decrease. Stablecoin Valuations Adjust With Diverse Market Movements in May Since […]Despite Ethereum ETF Approvals, ‘Altcoin Season’ Remains Far Off
While the U.S. Securities and Exchange Commission (SEC) has approved several spot ethereum exchange-traded fund (ETF) 19b-4 filings, and ether alongside numerous digital assets have experienced double-digit increases over the past week, the much anticipated ‘altcoin season’ has not yet arrived. In fact, according to the Altcoin Season Index, the likelihood of such a season […]Hedge Funds Net Short on Bitcoin and Ethereum Futures on CME: Kaiko Analytics
New data from market intelligence firm Kaiko Analytics shows that hedge funds are net short on Bitcoin (BTC) and Ethereum (ETH) on the Chicago Mercantile Exchange (CME). In a new research article, the crypto analytics platform says that while hedge funds are net short on both BTC and ETH on the CME, it does not […]
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Donald Trump Pledges to Stop Biden’s Anti-Crypto Agenda, Protect Bitcoin, Free Ross Ulbricht
Presidential candidate and 45th U.S. President Donald Trump has declared support for the crypto sector. “I will also stop Joe Biden’s crusade to crush crypto,” he promised. “I will support the right to self-custody.” He will also “commute the sentence of Ross Ulbricht to a sentence of time served.” Moreover, Trump stressed, “I will keep […]Political support is bad for Bitcoin in the long run: Samson Mow
Samson Mow criticizes political support for Bitcoin, warning it could compromise its core values and lead to ecosystem failures.
The post Political support is bad for Bitcoin in the long run: Samson Mow appeared first on Crypto Briefing.
Uniswap reveals assets ahead of fee mechanism vote
During the first quarter, the foundation committed $4.34 million in new grants and disbursed $2.79 million in previously committed grants.
The Uniswap Foundation has disclosed holding $41.41 million in fiat and stablecoins and 730,000 UNI tokens as of the end of the first quarter.
According to the publication, the Foundation committed $4.34 million in new grants during this period and disbursed $2.79 million in previously committed grants.
The fiat cash and stables are designated for grant-making and operating activities, while the UNI tokens are reserved for employee token awards.
TRUMP Coin Taps All-Time High, Up Over 30% in 24 Hours Post-Convention
Following former President Donald Trump’s appearance at the Libertarian National Convention, the meme coin associated with his name, maga (TRUMP), has soared more than 30% in the past day. Current statistics show that the meme coin TRUMP is the top-performing cryptocurrency over the last 12 months, boasting a 98,352.40% increase. TRUMP Meme Coin Skyrockets Post-Libertarian […]SEC Approves Spot Ether ETFs, Jim Rickards Predicts $27K Gold Price, and More — Week in Review
The U.S. Securities and Exchange Commission (SEC) has approved significant regulatory filings for spot ether ETFs. Economist Jim Rickards predicts that gold prices could surpass $27,000 based on rigorous analysis. Satoshi Nakamoto’s Genesis wallet now holds over 100 BTC after an accidental transfer added 0.10754671 BTC, bringing its total value to approximately $6.75 million. The […]Top Trader Predicts Ethereum Will Massively Outperform Bitcoin, Says One ‘Golden Child’ Memecoin Set To Go Higher
A widely followed trader says that Ethereum (ETH) is about to vastly outrun Bitcoin (BTC) and is predicting one memecoin will rally hard. Pseudonymous trader Bluntz tells his 259,000 followers on the social media platform X that he’s got his eye on the two-week chart of the Ethereum versus Bitcoin (ETH/BTC) pair. The trader says […]
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Ethereum devs set Pectra upgrade for Q1 2025
Ethereum’s Pectra upgrade is slated for Q1 2025, focusing on network capacity with PeerDAS and smart contract security enhancements.
The post Ethereum devs set Pectra upgrade for Q1 2025 appeared first on Crypto Briefing.
Expert Says Peer-to-Peer Nature of Crypto Activity Renders China’s Ban Ineffective
Continuing raids in China on alleged underground gangs using cryptocurrency to facilitate foreign exchange transactions underscore the ineffectiveness of the Asian nation’s 2021 ban on crypto trading. Chengyi Ong, head of policy for the Asia-Pacific region at Chainalysis Inc., said the peer-to-peer nature of cryptocurrency activity renders the ban ineffective. China Remains a Significant Cryptocurrency […]Altcoins Entering ‘Textbook Markup’ Period Witnessed During 2016 and 2021 Market Cycles, Says Analyst
An analyst known for making macro crypto calls thinks the altcoin market is poised to spark steep rallies similar to the ones witnessed in 2016 and 2021. Pseudonymous analyst TechDev tells his 451,900 followers on the social media platform X that he’s watching the OTHERS chart, which tracks the total market cap of crypto excluding […]
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Bitcoin analyst sees ‘several more weeks’ before BTC price breaks $70K
Bitcoin may not yet be done consolidating below new all-time highs, with BTC price rejecting above $70,000.
Bitcoin (BTC) stayed near key BTC price levels into the May 26 weekly close as weekend trading focused on $69,000.
Data from Cointelegraph Markets Pro and TradingView showed strong performance by BTC/USD, which briefly passed $69,500 before consolidating.
Weekend upside, which some market observers predicted, nonetheless remained capped by familiar resistance zones.
Abu Dhabi Regulator Prohibits Cryptocurrency Mining on Farms, Threatens Fines Up to $2,700
The Abu Dhabi Agriculture and Food Safety Authority in the UAE has issued a new advisory prohibiting the use of farms for cryptocurrency mining. The advisory explicitly states that farms cannot be repurposed for cryptocurrency mining, which authorities consider a “misuse of the farm for purposes other than its intended use. Farmers caught engaging in […]Aptos hits all-time high in user transactions
The recent surge in transactional activity on Aptos is attributed to the launch of Tapos Cat, a new tap-to-earn game that has gained rapid popularity.
The layer-1 blockchain platform Aptos, developed by former Facebook employees, has achieved a new milestone in blockchain transactions. It surpassed Solana by recording 115. 4 million transactions in a single day in a single day on May 25, compared to Solana’s 31.7 million.
The surge in transaction volume set a new benchmark and surpassed the previous L1 record of over 65 million held by Sui Network by a significant margin of over 50%.
According to Aptoscan, the blockchain’s user TPS (transactions per second) also reached an all-time high of 32,000 on the same day. This signifies a substantial increase in activity within the blockchain ecosystem, underscoring the growing adoption and momentum in the industry.
Stronger and More Sustainable Uptrend Now in Play for Bitcoin (BTC), Says Crypto Analyst – Here’s His Outlook
A widely followed crypto strategist thinks that Bitcoin (BTC) is in a position to ignite a breakout rally on the way to fresh all-time highs over the next few days. In a new video update, pseudonymous analyst Credible tells his 53,200 YouTube subscribers that Bitcoin may have just started a five-wave rally that could send […]
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Marathon Digital Inks Renewable Energy Deal With Kenya; Crypto Miner to Invest $80M
Marathon Digital Holdings and the Kenyan Ministry of Energy and Petroleum recently signed an agreement which sees the crypto mining firm committing to invest $80 million in Kenya’s digital infrastructure. Following the memorandum of understanding (MOU) signing, the Kenyan government will establish a steering committee comprised of ministry officials and executives from Marathon. Joint Steering […]Spot Ethereum ETF approval ‘may be better for Bitcoin’ — Michael Saylor
The approval of spot Ether ETFs brings in “another line of defense for Bitcoin,” argues MicroStrategy founder Michael Saylor.
MicroStrategy founder Michael Saylor has changed his tone on spot Ether (ETH) exchange-traded funds (ETFs), arguing that the recent nod from the United States regulator is only good news for Bitcoin (BTC) as well.
“Is this good for Bitcoin or not? Yeah, I think it’s good for Bitcoin, in fact, I think it may be better for Bitcoin because I think that we are politically much more powerful supported by the entire crypto industry,” Saylor told Bitcoin podcaster Peter McCormack on the May 25 episode of What Bitcoin Did podcast.
“They serve as another line of defense for Bitcoin,” he said, following the news that the U.S. Securities and Exchange Commission (SEC) approved eight spot Ether ETFs to be listed on their respective exchanges on May 23.
Report: Investigation Finds No Fault With Sullivan & Cromwell in FTX Bankruptcy
An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware of the financial troubles that plagued the collapsed trading platform. Sullivan & Cromwell Cleared of Negligence in FTX Collapse Following a recent investigation, former U.S. […]Malaysian Authorities Bust Syndicate Accused of Laundering Fraud Proceeds via Cryptocurrency
Law enforcement officials in Malaysia recently arrested ten individuals linked to a criminal syndicate that allegedly used cryptocurrencies to launder fraudulent proceeds. Assets, including motor vehicles, valued at more than $7.7 million were seized, and bank accounts holding approximately $10.8 million were frozen. Syndicate Accused of Channeling Illegally Acquired Funds into Malaysia Authorities in Malaysia […]Trump promises to release Silk Road founder Ross Ulbricht if re-elected
Former United States President Donald Trump vows to free Silk Road founder Ross Ulbricht if re-elected.
The former President of the United States Donald Trump has declared that he will commute Silk Road founder Ross Ulbricht’s prison sentence if he is re-elected in November’s election.
“If you vote for me on day one I will commute the sentence of Ross Ulbircht,” Trump stated at the Libertarian Party’s National Convention in Washington on May 25.
“He’s already served 11 years, we’re going to get him home,” he said of the creator of Silk Road — which is known as the first modern darknet market with a payment system built on Bitcoin (BTC).
Indian Citizen Faces 20 Years in US Prison for Stealing Crypto in $37M Coinbase Spoofing Scam
An Indian national has pleaded guilty in the U.S. to wire fraud conspiracy for stealing over $37 million by spoofing crypto exchange Coinbase’s website. He and his co-conspirators created a fake Coinbase Pro site to steal login credentials and two-factor authentication codes, transferring victims’ cryptocurrency to their own wallets. Guilty Plea in $37M Coinbase Crypto […]Major Crypto Exchanges Announce Over 1,200 Job Openings
Major cryptocurrency exchanges, including Binance, Coinbase, Okx, and Crypto.com, are expanding their workforces, collectively offering over 1,200 job openings. Binance leads this hiring surge with 460 roles, followed by Okx with 414, Crypto.com with 335, and Coinbase with 224. This recruitment drive is fueled by market optimism, particularly surrounding bitcoin and ethereum exchange-traded funds (ETFs), […]Donald Trump declares US must not settle for ‘second place’ in crypto industry
Former United States President Donald Trump claims he is “very open minded” to “all things related to this new and burgeoning industry.”
The United States must not settle for anything but top place in the cryptocurrency industry, according to former U.S. president Donald Trump.
“Our country must be the leader in the field, there is no second place,” Trump declared in a May 25 post on Truth Social — a social media platform owned by Trump Media and Technology Group (TMTG).
“I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry,” he claimed, before taking aim at the current president, Joe Biden, whom he is up against in the 2024 presidential race, with the US election day scheduled on November 4.
Decentralized Education Altcoin Surges by 117% This Week Amid Node Sale and Purchase Announcement From Web3 Firm
The native altcoin of a decentralized education platform surged by over 117% this week amid news that a web3 firm has plans to purchase the token. Open Campus’ governance and utility asset, EDU, is trading at $1.10 at time of writing, up from its seven-day low of $0.505. The 252nd-ranked crypto asset is also up […]
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Standard Chartered Discusses SEC Approving Spot ETFs for Cryptos Beyond Bitcoin and Ether
Standard Chartered says markets will look ahead to exchange-traded funds (ETFs) of cryptocurrencies other than bitcoin and ether, but “this is likely a 2025 story.” They believe that the SEC approving spot ethereum ETFs suggests that the securities watchdog does not view ether as a security and that other coins similar to ether will also […]Telegram’s Pavel Durov is wrong about Signal — and has been for years
Considering Telegram doesn’t even offer end-to-end encryption by default, founder Pavel Durov has a lot to say about his messaging app’s competitor.
Telegram founder Pavel Durov put the encrypted messaging application Signal on blast this month, arguing in a May 8 post that its privacy mechanisms amounted to a “circus trick.” His commentary was purpose-built to undermine the rival messaging app, but Durov’s history with Signal and Telegram’s own privacy credentials make it hard to take his comments seriously.
Durov has been throwing stones at Signal for years. In 2017, he predicted we’d find a backdoor in their protocol within five years. Seven years later, that prediction has missed the mark. A few years later, Signal founder Moxie Marlinspike posted a thread suggesting we should stop calling Telegram an encrypted messaging app.
Signal and Telegram do not like each other.