Federal Reserve Chair Jerome Powell on Tuesday reiterated the central bank’s delicate balancing act, stressing that policymakers are trying to navigate between their price stability and employment mandates following last week’s interest rate cut. “Recent data show that the pace of economic growth has moderated,” Powell said in prepared remarks at the Greater Providence Chamber…
Bitcoin (BTC) starts the last week of August far from all-time highs as traders become increasingly nervous. A huge long liquidation event brought $110,000 back into play as a new CME gap becomes a hope for bulls. Bitcoin whales are under scrutiny after a giant rotation from BTC into ETH. Smaller hodlers remain in accumulation…
Ethereum co-founder Vitalik Buterin has thrown support behind so-called Ether treasury companies, but warned the trend could spiral into an “overleveraged game” if not handled responsibly. In an interview with the Bankless podcast released on Thursday, Buterin said the growing number of public companies buying and holding Ether (ETH) was valuable as they expose the…
Key takeaways XRP cloud mining doesn’t mine XRP; it funds BTC or ETH contracts using XRP. Promised returns (100%-800% APR) are often unsustainable and lack transparency. High risks include scams, volatility and hidden fees, with little regulatory oversight. Safer alternatives exist, like wrapped XRP in DeFi or regulated lending platforms. Can you really earn passive…
Therapy chatbots powered by large language models may stigmatize users with mental health conditions and otherwise respond inappropriately or even dangerously, according to researchers at Stanford University. While recent coverage in The New York Times and elsewhere has highlighted the role that ChatGPT may play in reinforcing delusional or conspiratorial thinking, a new paper titled…
Coinbase’s emergence as the Ethereum network’s largest node operator raises concerns about network centralization that could worsen as institutional adoption accelerates, industry executives told Cointelegraph. On March 19, Coinbase published a report disclosing that the US cryptocurrency exchange controlled more than 11% of staked Ether (ETH), more than any other Ethereum node operator. According to…
If the Biden administration had its way, far more electronic chips would be made in factories in, say, Texas or Arizona. They would then be shipped to partner countries, like Costa Rica or Vietnam or Kenya, for final assembly and sent out into the world to run everything from refrigerators to supercomputers. Those places may…