It’s fair to say that the initial hype bubble around AI has burst, and people are starting to ask: What has AI done for me lately? Too often, the answer is not much. A study in the Journal of Hospitality Marketing & Management found that products described as using AI are consistently less popular. The effect is even more pronounced with high-risk purchases like expensive electronics or medical devices, suggesting consumers have serious reservations about the reliability of current AI tech. “When AI is mentioned, it tends to lower emotional trust, which in turn decreases purchase intentions,” said lead author…
Author: Crypto Flexs
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According to a filing on August 7, the U.S. Securities and Exchange Commission (SEC) is seeking public comment on a proposal by NYSE American LLC to list and trade options on spot Ethereum exchange-traded funds (ETFs) from Bitwise and Grayscale.The SEC stated:”The Exchange proposes to amend Rule 915 to allow options listing and trading on the Bitwise Ethereum ETF, Grayscale Ethereum Trust (ETH), Grayscale Ethereum Mini Trust, and all trusts that hold Ether.”Options are derivatives that provide the right, but not the obligation, to buy or sell an asset, such as a stock or ETF, at a set price by…
Darius Baru 8 Aug 2024 14:47 Anthropic is expanding its AI Model Safety Bug Bounty Program to offer rewards of up to $15,000 to address common jailbreak vulnerabilities. The rapid advancement of artificial intelligence (AI) model capabilities requires rapid advancement of safety protocols. According to Anthropic, the company is expanding its bug bounty program to introduce a new initiative aimed at finding flaws in mitigations designed to prevent misuse of its models.Bug bounty programs are essential to strengthening the security and safety of technology systems. Anthropic’s new initiative focuses on identifying and mitigating universal…
Bitcoin (BTC) opened higher on August 8, breaking above $58,000 on Wall Street as U.S. unemployment data lifted sentiment.BTC/USD 1-hour chart. Source: TradingViewFalling unemployment claims, ‘good news’ for BitcoinAccording to data from Cointelegraph Markets Pro and TradingView, the local BTC price on Bitstamp hit a high of $58,482, the best performance of the week.Initial claims for U.S. unemployment benefits fell short of expectations of 233,000, sending a wave of optimism about the economy into a territory where recession fears had previously been high.“Despite being an inherently noisy, high-frequency data release, today’s US unemployment claims will attract a lot of attention,”…
According to court documents on Wednesday, Judge P. Kevin Castel of the Southern District of New York approved a $12.7 billion settlement between FTX, Alameda Research and the Commodity Futures Trading Commission.The shuttered cryptocurrency exchange FTX and its associated trading firm Alameda Research reached a settlement with the CFTC in July after months of negotiations, pending approval of the consent decree.This puts an end to a lawsuit the CFTC filed in December 2022 against the exchange, former FTX CEO Sam Bankman-Fried, and Alameda, alleging that customers lost $8 billion due to fraud. The agency originally sought a $52.2 billion claim.As…
Jorg Hiller Aug 8, 2024 07:28 Binance Futures will launch SOLUSD COIN-M Quarterly and Quarterly contracts on August 14, 2024, offering up to 20x leverage. Binance Futures will be launching SOLUSD COIN-M Quarterly and Quarterly Contracts, offering up to 20x leverage, according to an official announcement from Binance. The new contracts are scheduled to launch on August 14, 2024 at 12:00 UTC and 12:05 UTC, respectively. Details of the new contract The SOLUSD CM Q0927 and SOLUSD CM Q2 1227 contracts offer traders the opportunity to significantly increase their trading positions with up to…
A prominent cryptocurrency analyst says one competitor to Ethereum (ETH) could retest lower prices in the coming weeks. In a new strategy session, anonymous cryptocurrency trader Altcoin Sherpa told his 219,200 followers on social media platform X that Solana (SOL) could drop by at least 14% from its current value. “SOL: $125-$150 is still a good place to accumulate SOL. I still believe it will be one of the best retail chains this cycle, and there is still a lot of memecoin activity going on. There was a strong reaction (August 6th), but I personally think it could go back…
On Monday, the cryptocurrency markets experienced their sharpest correction since the FTX crisis, with Bitcoin prices dropping more than 15% before rebounding. According to JPMorgan analysts, the recovery was largely supported by institutional investors, who showed little risk reduction in Bitcoin futures despite the widespread market turmoil.JPMorgan’s futures position indicator, which tracks cumulative open interest in CME bitcoin futures contracts and the positive slope of the futures curve, suggests a bullish outlook among these investors, JPMorgan analysts led by Managing Director Nikolaos Panigirtzoglou wrote in a report published Wednesday. They said the higher bitcoin futures price premium over spot is…
Timothy Morano 08:04 Aug 2024 The Injective (INJ) blockchain has successfully deployed the ‘Altaris’ upgrade, strengthening the ecosystem with advanced RWA oracles, an improved burn auction mechanism, and new developer tools. According to the project’s social media posts, stakers on the Injective (INJ) blockchain have passed the ‘Altaris Mainnet Upgrade Proposal’, or ‘IIP-420’, and are quickly starting to deploy the upgrade.Altaris: Comprehensive UpgradeThe Altaris upgrade introduces significant improvements aimed at improving the overall experience for traders, stakers, developers, and end users. In a message to Protocol Village, the Injective team described the update as…
Binance, the leading cryptocurrency exchange by trading volume, has listed 30 tokens since the beginning of 2024. However, most of these new projects have shown declining performance. Many of the newly listed tokens on Binance were introduced at high valuations, and there are reports of major venture capital firms backing them. Binance 2024 Listing Failure According to Coin98 Analytics, out of the 30 tokens listed on Binance this year, only Jupiter (JUP) is in the green. Surprisingly, most tokens have recorded double-digit losses, with interest being particularly high for those with tier 1 backers. With the exception of JUP, all…