Big Tech faces financial reckoning if human-level AI doesn’t happen soon
Sequoia Capital says the industry needs to make about $600 billion in profit before the current expenditures start to make sense.
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UK Prime Minister Rishi Sunak’s win was a victory for crypto
A former investment banker turned savvy politician, Rishi Sunak has had an incredibly prolific career in just a short period of time. At only 42, he has served as a member of the United Kingdom’s Parliament, chief secretary to the treasury and chancellor of the exchequer — and now, he’s starting his tenure as prime…

MicroStrategy’s Saylor hints at first Bitcoin purchase above $100K
MicroStrategy’s Michael Saylor has posted the same Bitcoin chart for five consecutive Sundays, and every time, MicroStrategy confirmed a new Bitcoin purchase the following day.

FTX market aftershock reportedly causes Genesis Block to cease trading in Hong Kong
Hong Kong-based cryptocurrency exchange says the market turmoil from the FTX fallout is the final cause of ceasing operations following a year of winding down services. 462 Total views 5 Total shares In the wake of the recent FTX scandal, another crypto business is feeling the market effects. Genesis Block, a frontrunner for providing cryptocurrency…

China Continues to Streamline Its Blockchain Patent Application Process
The National Intellectual Property Administration (NIPA) in China continues to clarify the guidelines for blockchain patent applications, which are set to become effective as of Feb. 1.At the end of December 2019, the NIPA announced the revised guidelines to patent applications for new emerging technologies such as blockchain, artificial intelligence, big data, and business rules…

Metaverse book gets boring rename in latest sign of waning enthusiasm
The growing malaise for metaverse hype is reminiscent of the AI sector directly before the launch of GPT-3.

VanEck and 21Shares send amended Ether ETF filings to SEC
Some experts are still speculating that the final approval of spot Ether exchange-traded funds could allow listing and trading as early as July.

BTC price gained 40% in 2 months when Bitcoin was last this rangebound
Bitcoin is turning back the clock to October 2023 and its springboard from $30,000, the latest BTC price onchain analysis concludes.

Panic selling is crypto investors’ biggest mistake, new survey reveals
Out of 1,021 U.S.-based crypto owners, one-third have already fallen for a crypto scam via emails, websites and fake mobile apps. 625 Total views 46 Total shares The importance of storage and passwords is best known by crypto enthusiasts who know how easy it is to lose access to their digital assets. A recent survey…