During the 2024 U.S. election campaign, a deepfake video spread across social media, falsely alleging voter fraud. Elsewhere, biased data in healthcare has warped AI outcomes, jeopardizing patient care. Opaque algorithms undermine decisions, destabilize markets, and erode trust in financial systems. AI’s risks are escalating, and its flaws are chipping away at public confidence. The …
Monthly archives: January 2025
Outgoing CFTC Chair Urges Stronger Crypto Regulation Amid Mainstream Adoption
The departing CFTC Chairman Rostin Behnam is sounding the alarm on the lack of comprehensive regulation of cryptocurrencies in the U.S. Regulatory Gap The outgoing chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has lamented what he termed the insufficient regulation of cryptocurrencies in the United States. Behnam argued that the U.S. needs …
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Analyst Says FLOKI Looks ‘Turbo Bullish,’ Predicts ‘Inevitable’ New All-Time Highs for the Major Memecoin
A closely followed analyst believes the meme token Floki (FLOKI) is gearing up for rallies en route to fresh all-time highs (ATHs). Pseudonymous analyst Bluntz tells his 306,200 followers on the social media platform X that FLOKI appears to have completed an ABC correction on the daily chart. Bluntz uses the Elliott Wave theory, which …
Bitcoin Price Takes a Breather: Gains Reduced Amid Volatility
Bitcoin price failed to stay above the $100,000 zone. BTC is correcting gains and might struggle to stay above the $96,000 support zone. Bitcoin started a fresh decline from the $102,500 resistance zone. The price is trading below $100,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend …
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Bitcoin Is Forming A Symmetrical Triangle – Breakout Or Breakdown?
Este artículo también está disponible en español. Bitcoin has finally reclaimed the highly anticipated $100K mark after days of consolidation and lingering negative sentiment. The psychological milestone had been a key resistance level, with many investors and analysts closely monitoring BTC’s price action for clues about its next big move. The recent breakout above $100K …
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Bitcoin At Risk Of Supply Shock As ETF Issues Buy More BTC Than Was Produced In December
Este artículo también está disponible en español. The world’s largest cryptocurrency may be at risk of a supply shock as demand from United States (US) Spot Bitcoin Exchange Traded Funds (ETFs) has surged far beyond expectations. In December 2024, the volume of BTC acquired through Spot Bitcoin ETFs more than tripled the amount mined during …
Crypto Market Will Peak In Mid To Late March, Predicts Arthur Hayes
Este artículo también está disponible en español. In a new essay published on Monday, Arthur Hayes—renowned digital asset investor and former CEO of BitMEX—contends that the crypto market is poised to rally strongly in the first quarter of 2025 before topping out sometime in “mid to late March.” Hayes’s latest essay, titled “Sasa,” delves deep …
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Solana Rally Stalls: Pullback To Key Support Signals Potential Correction
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in …
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Bitcoin downward pressure ‘abated’ as sell-side markets shrink
Bitcoin’s price may not experience significant downward movement in the short term, as sell-offs on crypto exchanges are “shrinking at a rapid pace,” Bitfinex analysts say.
Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report
Finnish police have seized more than $2.6 million worth of luxury watches from Hex founder Richard Heart, who is wanted on tax fraud and assault charges in the country.
Illuvium partners with Virtuals, bringing autonomous AI NPCs to its games
Illuvium says the partnership with AI agent protocol Virtuals will allow its in-game NPCs to adapt quests, dialogue and challenges based on the player’s actions.
Crypto Exchange and Wallet Backpack Acquires FTX’s European Arm for $32,000,000
Backpack Exchange, a crypto trading platform founded by former FTX and Alameda Research employees, is acquiring FTX EU for $32 million. According to a new announcement from the European-based crypto exchange and wallet Backpack, the exchange has bought out the European arm of FTX. “Backpack has acquired FTX EU and its MiFID (Markets in Financial …
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Coinbase secures important win in legal dispute against the SEC, crypto community cheers
District Judge Katherine Polk Failla of the United States District Court Southern District of New York granted a Coinbase motion for an interlocutory appeal in their lawsuit against the US Securities and Exchange Commission (SEC) in a Jan. 7 ruling. Judge Failla claimed that the parties seek clarity on an “important legal issue,” although they …
Rostin Behnam to step down as CFTC chair as Trump takes office
Rostin Behnam, the Chair of the US Commodity Futures Trading Commission (CFTC), confirmed he will resign from the agency effective Jan. 20, the Financial Times reported on Jan. 6. This timing coincides with the inauguration of President-elect Donald Trump, allowing the incoming administration to appoint an interim leader before Congress approves a permanent successor. Behnam’s …
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Meta adopts ‘Community Notes’ for moderation, wins crypto community approval
Social media giant Meta is replacing its fact-checking program with a user-driven “Community Notes” system, according to a Jan. 7 statement. This move follows the model adopted by X (formerly Twitter), where users collectively identify and provide context for potentially misleading posts. The platform added: “We think this could be a better way of achieving …
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