Bitcoin Surges Past $86,800 on Looser Financial Conditions
Bitcoin surged past $86,800 on Wednesday, climbing nearly 5%. Investors reacted to signals of looser financial conditions from the Federal Reserve and growing expectations of a liquidity-driven rally. Fed Slows Balance Sheet Reduction The Federal Reserve announced it would slow the pace of reducing its $6.8 trillion balance sheet. The runoff of Treasury securities […]
SEC Confirms Proof-of-Work Mining Does Not Violate U.S. Securities Law
The U.S. Securities and Exchange Commission (SEC) confirmed on Thursday that proof-of-work mining does not violate securities law. This applies to Bitcoin and other blockchain networks that rely on this method. Mining Operations and Securities Law The SEC clarified that mining operations are not subject to securities registration. These operations do not involve the […]
Google Assistant Evolves into Gemini: What to Expect
Google Assistant is transitioning into Gemini, bringing new AI capabilities but also discontinuing some familiar features. If you use Google Assistant to set timers, play music, or control your smart home, be prepared for some disruptions. The nine-year-old assistant is being replaced by the more powerful AI-driven Gemini chatbot. This article outlines the key […]
Elon Musk’s xAI Adds Image Generation to API
Elon Musk’s AI company, xAI, has announced the addition of image generation capabilities to its API, expanding its services. Key Features of the Image Model Currently, the API offers a single image model called “grok-2-image-1212”. This model can generate up to 10 images per request, with a limit of five requests per second. Images […]
