Pacific Coast Plumbing, a well-established plumbing company with over 18 years of service, is expanding its operations to the Santa Clarita and San Fernando Valleys. To celebrate this milestone, the family-owned business is offering a 15% discount on all services. Known for its reliability, expertise, and commitment to customer satisfaction, Pacific Coast Plumbing provides a wide range of services including emergency plumbing, drain cleaning, and water heater maintenance. Residents and businesses are encouraged to schedule a consultation for yearly water heater maintenance to ensure efficiency and longevity. For more information, visit their website or contact them directly. Palmdale, California, United States, 21st Aug 2024 – Pacific Coast Plumbing, a trusted name in the plumbing industry, is proud to announce its expansion into the Santa Clarita and San Fernando Valleys, marking over 18 years of dedicated service to residential and commercial customers. As part of this exciting expansion, the company is offering a special promotion of 15% off your next service, reinforcing their commitment to delivering exceptional value and quality. Since its founding, Pacific Coast Plumbing has been synonymous with reliability, expertise, and customer satisfaction. The company's growth into the Santa Clarita and San Fernando Valleys is a testament to its success and the trust it has built with its clients over the years. "We are a family-owned and operated business, and we value honesty, integrity, and 100% customer satisfaction," said Adam, Owner of Pacific Coast Plumbing. "We thrive on providing great service at a great price, and we're excited to bring our expertise to new communities in the Santa Clarita and San Fernando Valleys." Pacific Coast Plumbing offers a comprehensive range of plumbing services, including 24/7 emergency plumbing, drain cleaning, water heater maintenance, soft water systems and more. With their expansion, they are eager to extend their top-tier services to even more homes and businesses, ensuring that every client receives the highest standard of care. To celebrate this milestone, Pacific Coast Plumbing is offering 15% off your next service. Whether you need routine maintenance or an urgent repair, this limited-time offer is the perfect opportunity to experience the company's exceptional service at a discounted rate. Call to Action: Pacific Coast Plumbing encourages residents and businesses to schedule a consultation for yearly water heater maintenance today. Regular maintenance not only extends the life of your water heater but also ensures it operates efficiently, saving you money in the long run. For more information or to schedule a service, visit https://pacificcoast.plumbing/ or call 661-210-3825. About Pacific Coast Plumbing: Pacific Coast Plumbing has been serving the Palmdale area and beyond for over 18 years. As a family-owned and operated business, they pride themselves on delivering honest, reliable, and affordable plumbing services to both residential and commercial clients. With a focus on customer satisfaction, Pacific Coast Plumbing continues to be a trusted partner for all plumbing needs. Media Contact Organization: Pacific Coast Plumbing Contact Person: Stephen Website: https://pacificcoast.plumbing/ Email: Send Email City: Palmdale State: California Country:United States Release id:15969
London, United Kingdom, 20th Aug 2024 - Net Savings Link, Inc. (OTC: NSAV), a leading Web3, blockchain and digital asset technology company, announced today exponential financial and operational achievements for the second quarter ended June 30, 2024, as filed with OTC Markets Group. Second Quarter 2024 Financial Highlights: • Revenue: Revenue reached $11,694,622,474, marking an increase of 5,710% compared to the first quarter of 2024.• Intangible Assets: Intangible assets rose substantially to $11,758,191,745, or $1.64 per share. This growth was a direct result of onboarding over 100 new crypto utility projects, including utility-as-a-service, blockchain development and Dapp deployment. Operational Highlights: • Partnership: During the second quarter, the company entered into partnerships with the following partners:o Staynexo ZEUS Blockchain Partnerso DiVinciPayo BLAQcloudso GivBuxo WRIT Mediao Mad Hatter Society• Market Expansion: While in Q1, the company began integration of onramp/offramp services for the exchange and credit card onramp capabilities for the platform, it only became approved for these services in the beginning of Q3..• Regulatory Compliance: Successfully maintained its registration with FINCEN, as well as updating applications with Lithuania, Singapore, Dubai and Ireland. The company commenced its registration process as a Money Transmitter with the State of Colorado and Puerto Rico. The licenses and Money Transmitter registration are under various stages of the review process and we expect them to be awarded in the third quarter of 2024.• User Growth: In Q2 2024, the company’s NSAVx CEX Exchange https://nsavx.com/ user growth exceeded 9 million users. At the end of Q2, the company purged non-active accounts to conserve system resources and bandwidth for the exchange. In doing so, the company’s active users were adjusted to 431,630. The company is currently implementing direct marketing campaigns to the over 8.5 million CEX inactive users.Third Quarter 2024 Outlook and Objectives:• Revenue Goals: In Q3, we intend to onramp the remaining 500 projects to the platform and subsequent ecosystem. • Growth in Intangible Assets: In Q3, we plan to begin a systematic swap schedule for utility performing projects. The assets will be swapped for tier 1 tokens and coins such as BTC, ETH, BNB and any other digital assets that meet the company’s objectives. • Technology Development: Launch NSAVPay, NSAvip, theVAULT, V2 of Airdropx, V2 of SWOPx and DEX integration for DaPPs.Alfonso Knoll, CEO of NSAV, stated, “First and foremost, I want to express my gratitude to all our nSAVAGES and stakeholders for their unwavering support. You spread our vision for utility and integration of blockchain technologies in real world transactions, and we thank you. Q1 was strong, but Q2 exceeded some expectations. Despite challenges and distractions, our team remained focused and driven to achieve our corporate goals. As we move into Q3 and Q4, we are laying the groundwork for future growth, and we're excited about what lies ahead for our expanding ecosystem.” About Net Savings Link, Inc.: NSAV's vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the Web3, blockchain and digital asset industries. The Company drives innovation in the digital currency space by developing advanced blockchain technologies, digital assets, and market solutions that bridge the gap between traditional business frameworks and the future of decentralized technology. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.For further information please contact NSAV at info@nsavholdinginc.com For further information please contact NSAVx.com at hello@nsavxmail.com The NSAV corporate website can be accessed at https://www.netsavingslinkinc.com The NSAV CEX website can be accessed at https://nsavx.com/ TheAlley.io can be accessed at https://www.thealley.io The NSAV Stock information website can be accessed at https://www.nsavstock.com The NSAVx Token website can be accessed at https://www.nsavxtoken.com/nsavx-token The NSAVx Discord Server can be accessed at https://discord.com/invite/7Q2Vv5NmKd The NSAV Twitter account can be accessed at https://twitter.com/nsav_techThis press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.Contact Net Savings Link, Inc. info@nsavholdinginc.com Media Contact Organization: Net Savings Link Inc Contact Person: James Tilton Website: https://www.nsavholdinginc.com Email: Send Email Contact Number: +17185698815 Address:26 Grosvenor Street, Mayfair Address 2: W1K4QW City: London Country:United Kingdom Release id:15944
Canada's Gift Baskets announces the expansion of its product line, offering a range of newly curated gift baskets designed for every occasion. With a focus on quality and customer satisfaction, the company enhances its offerings to cater to a broader audience. Canada's Gift Baskets, a leading provider of high-quality gift baskets, is excited to announce the expansion of its product line. The company has introduced a range of newly curated gift baskets that cater to a wide array of occasions, including birthdays, anniversaries, holidays, and corporate events. This expansion reflects the company’s commitment to providing exceptional products and services to its customers across Canada.The new collection includes a variety of premium selections, each thoughtfully designed to suit specific themes and preferences. Whether customers are looking for a luxurious spa-themed basket, a gourmet food collection, or a festive holiday package, Canada's Gift Baskets ensures that every gift is crafted with care and attention to detail."We are thrilled to offer our customers an expanded range of gift baskets that are perfect for any occasion," said Paul Dolabjian, CEO at Canada's Gift Baskets. "Our goal is to make gift-giving a seamless and enjoyable experience by providing a diverse selection of high-quality products that can be tailored to meet individual needs."In addition to expanding its product line, Canada's Gift Baskets continues to prioritize customer satisfaction by offering customizable options and ensuring timely delivery across Canada. The company’s dedication to excellence has solidified its reputation as a trusted source for premium gift baskets, making it the go-to choice for personal and corporate gifting.For more information on the new collection and to browse the full range of gift baskets, visit canadasgiftbaskets.ca. Media Contact Organization: Canada Gift Baskets Contact Person: Paul Dolabjian Website: https://canadasgiftbaskets.ca/ Email: Send Email City: Toronto State: Ontario Country:Canada Release id:15728
The list is still being updated and as some of these companies strive to meet the regulatory requirements set by the Turkish Capital Markets Board it was clear that the Turkish crypto market is due for more changes soon. As the major players such as Coinbase and KuCoin strive for getting the business licenses in the country, the Turkish cryptocurrency landscape is changing vastly. Turkish individuals and businesses have soon submitted these requests following recent changes in the set laws by the Turkish Capital Markets Board or CMB which can be considered as the turning point for the emerging crypto industry of the country. TO READ FULL ARTICLE: CLICK HERE The post Coinbase, KuCoin Among 76 Firms Seeking Licenses in Turkey’s Evolving Crypto Landscape appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
Earlier, the pro-Bitcoin state laws and city ordinances of Chico in California are expected to cumulatively enhance the Available Light’s administration of the Bitcoin teller machines or ATMs. In a local government committee talk held on Aug. 7, participating as the chief administrative officer at the County of Butte, Andy Pickett discussed the current actions to Bitcoin’s regulation. Pickett described some of the most recent bills in states to curb fraudulent activities regarding Bitcoin ATMs. California strengthens reporting requirements for crypto ATMs In October 2023, a legislative examine of Californian discovered roughly one third of crypto ATMs imposing a forty percent added price, whereas a handful of ATMs positioned a limit on the number of crypto purchases at $50,000. Therefore to reduce deposit amount which had become a problem, a bill was made to regulate the amount of deposit per day to one thousand dollars. Also, in California, for all the transactions that take place through the crypto ATMs, the identification of the operator and their receipt are required. TO READ FULL ARTICLE: CLICK HERE The post New Laws Aim to Regulate Bitcoin ATMs in Chico, California appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
Bitcoin price drops for a second day as institutional demand for stablecoins cools. A holder, in particular, burnt nearly $90,000 in ethereum fees to perform a transaction that cost less than $2, all this having come at a time when eth’s gas fees tumbled to lows last seen in 2016. At the same time, the American authorities have declined to set a date on the listing of the Hashdex Nasdaq Crypto Index exchange-traded fund (ETF). Bitcoin price drops below $59,000 as institutions stop buying stablecoins Large investors have stopped purchasing stablecoins for the last two days thus making Bitcoin to be below a vital psychological price. Over the past day, the Bitcoin BTC price fell 3. down from $62,510 touched earlier in the week, BTC/USD was trading 9% lower at $58,930 as of 08:03 am UTC on Aug 12. BTC/USD, 1-month chart. Source: Cointelegraph The drop below the $60,000 mark was likely caused by institutions stopping their stablecoin buying frenzy, according to an Aug. 12 X post from onchain analytics platform Lookonchain:The drop below the $60,000 mark was likely caused by institutions stopping their stablecoin buying frenzy, according to an Aug. 12 X post from onchain analytics platform Lookonchain: TO READ FULL ARTICLE: CLICK HERE The post Crypto Market Update: Bitcoin Falls as Ethereum Gas Fees Hit Record Lows appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
Pump.fun, the Solana-based memecoin development platform, has seen monthly revenue from agreements hit an all-time high yet again, another indication that retail is digesting more memecoins. Pump. Retail sales of fun products hit a new monthly high at $28. 73 million worth of agreement income was generated during July, as reported by the Entropia Intel news aggregator in its Aug. 13 X post. Less than two weeks after the Pump, memecoin platform sets a record of the highest monthly income. fun outperformed the Ethereum blockchain in the average daily revenue starting July 29th when fun made $864,000 and Ethereum made $550,000 in 24 hours. This is primarily due to the rising retail interest in memecoins, especially on its native blockchain – Solana – that birthed some of this cycle’s most popular memecoins. TO READ FULL ARTICLE: CLICK HERE The post Pump.fun Hits Record $28.7M in Monthly Revenue as Memecoin Mania Soars appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
Over the weekend, Donald Trump Jr. disclosed that he is to start a new decentralized finance crypto platform intending to make up for the plethora of unequal offers in banking — but it will be a long while before that happens. Just a week earlier, the eldest son of former President Trump, Donald Trump Jr., in a live question and answer session at subscription-based platform locals on Aug 8, insisted hewasn’t releasing a memecoin for crypto pump-anddump but developing a crypto operating system to challenge the banking sector. “What we are discussing here is a bigger type of platform,” which is quite different and can’t be termed as memecoin, he added. Nevertheless, he continued to extend the time horizon for action and warn that it would be a long time before any moves could be made. TO READ FULL ARTICLE: CLICK HERE The post Donald Trump Jr. Unveils Plans for DeFi Platform to Challenge Traditional Banks appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
Technology commentator Edward Zitron said that OpenAI, the creator of ChatGPT, currently has no viable business model to support the company’s outlook and spends too much money. However, there are quite a few industry executives who do not concur. I for one now find it impossible to imagine OpenAI in its present configuration Zitron proclaimed in the latest Where’s Your Ed At? newsletter. This comes after earlier this year, it was reported that OpenAI may report a net operating loss of up to $5 billion in 2024; which means the company may run out of cash in the next 12 months. Zitron said for OpenAI to ‘survive’ beyond 2026 it would require more equity funding than any start up in history and do so year in and year out. Furthermore, he said that OpenAI needs to solve a grand challenge to cut the cost of developing GPT by at least an order of magnitude. Source: Edward Zitron “Have a technological shift that will ensure the costs of construction and running of GPT or a model that will replace it are easily reduced by a factor of thousands of percentages,” he added. TO READ FULL ARTICLE: CLICK HERE The post OpenAI’s Future: Can It Overcome Financial Hurdles? appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
Bitcoin price drops for a second day as institutional demand for stablecoins cools. A holder, in particular, burnt nearly $90,000 in ethereum fees to perform a transaction that cost less than $2, all this having come at a time when eth’s gas fees tumbled to lows last seen in 2016. At the same time, the American authorities have declined to set a date on the listing of the Hashdex Nasdaq Crypto Index exchange-traded fund (ETF). Bitcoin price drops below $59,000 as institutions stop buying stablecoins Large investors have stopped purchasing stablecoins for the last two days thus making Bitcoin to be below a vital psychological price. Over the past day, the Bitcoin BTC price fell 3. down from $62,510 touched earlier in the week, BTC/USD was trading 9% lower at $58,930 as of 08:03 am UTC on Aug 12. BTC/USD, 1-month chart. Source: Cointelegraph The drop below the $60,000 mark was likely caused by institutions stopping their stablecoin buying frenzy, according to an Aug. 12 X post from onchain analytics platform Lookonchain:The drop below the $60,000 mark was likely caused by institutions stopping their stablecoin buying frenzy, according to an Aug. 12 X post from onchain analytics platform Lookonchain: TO READ FULL ARTICLE: CLICK HERE The post Crypto Market Update: Bitcoin Falls as Ethereum Gas Fees Hit Record Lows appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
Earlier, the pro-Bitcoin state laws and city ordinances of Chico in California are expected to cumulatively enhance the Available Light’s administration of the Bitcoin teller machines or ATMs. In a local government committee talk held on Aug. 7, participating as the chief administrative officer at the County of Butte, Andy Pickett discussed the current actions to Bitcoin’s regulation. Pickett described some of the most recent bills in states to curb fraudulent activities regarding Bitcoin ATMs. California strengthens reporting requirements for crypto ATMs In October 2023, a legislative examine of Californian discovered roughly one third of crypto ATMs imposing a forty percent added price, whereas a handful of ATMs positioned a limit on the number of crypto purchases at $50,000. Therefore to reduce deposit amount which had become a problem, a bill was made to regulate the amount of deposit per day to one thousand dollars. Also, in California, for all the transactions that take place through the crypto ATMs, the identification of the operator and their receipt are required. “More significant is another bill that will commence in July 2025 regarding the utilization of Bitcoin ATMs, which will allow the organization to govern it like a bank. ” TO READ FULL ARTICLE: CLICK HERE The post New Laws Aim to Regulate Bitcoin ATMs in Chico, California appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
While cybercriminals pose a constant danger to digital assets’ security, individuals with similar computer skills but whose motives are benevolent explained to the holders of cryptocurrencies what they can do to protect oneself against cyber threats’ attacks. On July 26, criminals employed a social engineering attack to make the users of cryptocurrencies install fake ‘conferencing software’ to steal their cryptocurrencies. Employers equally had fake recruitment services impersonating the human resource departments of genuine cryptocurrencies firms to offer phantom positions in their companies, so as to dupe applicants into providing their wallet details where they were then stripped of their money. Ethical hackers Kirill Firsov and Marwan Hachem explained more about an operation they had into the Meetly fake conferencing application. gg and detailed what users can do to prevent themselves from losing their crypto. Uncovering software used by hackers Hachem, the COO of FearsOff — the cybersecurity company — said that on July 26, they came to the scene upon a panic button being pushed, by a C-suite executive of a crypto firm. None of the cybersecurity professionals stated that while they attempted to investigate the problem, they discovered how hackers worked. Firsov, the founder and CEO of the cybersecurity firm known as FearsOff said that they had downloaded the fake software, and they had run it into an environment to see how it operated. According to the security professional, it pointed out that once the user installs the app, the data belonging to the user is transferred to the villains. He explained: “Once the application starts, it simply transfers all the important information about the computer, all the sensitive data, all the crypto wallets, to an outside server.” According to Firsov, these hackers are interested in whatever information that relates to crypto wallets and at the moment, they are searching for passwords, and any other code or key associated with wallets. “Passwords are stored in not only safe CDEs but also in plain text and nodes, Firsov added. TO READ FULL ARTICLE: CLICK HERE The post Ethical Hackers Reveal Methods to Safeguard Your Cryptocurrency appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
But according to a survey that was conducted recently, the ladies in crypto earn 13.9% more than men on a median salary basis which has sparked what is referred to as the ‘reversed’ gender wage gap. Full-time working women in the crypto industry in the United States earned a median of $172,000 compared to men, who earned $150,000, a compensation study by Pantera Research Lab showed. “Thus, based on the information obtained, it can be concluded that, for example, the gender wage differentials among crypto employees are quite the opposite to what experts are used to,” Pantera’s researchers Matt Stephenson, Ally Zach, and Nick Zurck noted in their update on July 29. Women at non-crypto companies primarily only make $0. Down to $0.84 for every dollar the men make, the researchers at the venture capital firm specializing in digital assets added. “The wages in crypto are not too low and not too high, which indicates that there is a shift towards better gender equality in this still rather young industry. ” Median base salaries between male and female employees. Source: Pantera Research Pantera gathered the data from 502 full-time employees in the United States from June 4 to July 20 of the year 2024. The online questionnaire was distributed through professional sites like linked in, x, through newsletters and e-mails. The higher salaries for women may partly be due to women having more work experience at crypto companies where the median time frame is 5 years. Three years as opposed to four. 5 years for men. TO READ FULL ARTICLE: CLICK HERE The post Crypto Industry Sees Women Earning Higher Median Salaries Than Men appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
Mexico City, Mexico, 20th Aug 2024 - LANA DIGITAL SA DE CV SOFOM ENR, a leading Mexican financial institution, has announced the launch of an innovative Revolving Line of Credit. This new product, accruing interest daily and allowing users to borrow and repay at any time, is designed to provide Mexican customers with more flexible and affordable financial solutions. The introduction of this product significantly enhances Lana Digital's presence in the financial inclusion sector, positioning the company as a major innovator in Mexico's financial market. In Mexico's current credit market, many loan products have fixed terms, often leaving users with inflexible repayment schedules. This rigidity can increase the burden on borrowers and may result in costly late fees. Lana Digital's Revolving Line of Credit addresses these challenges by offering a more adaptable solution.With Lana Digital's Revolving Line of Credit, users can borrow and repay funds within a specified timeframe without needing to reapply. Interest is charged only on the amount borrowed and for the days it is used. If users repay the loan early, they benefit from reduced interest costs. This flexibility allows users to tailor their repayment plans to their financial circumstances, providing greater financial convenience and autonomy. The "pay-as-you-go" model also underscores Lana Digital's commitment to prioritizing and safeguarding its users' interests.Grace Zamora, Head of Operations at Lana Digital, stated: "Our new credit product will offer greater convenience to Mexican users. By simplifying the loan process and providing flexible repayment options, we aim to offer the financial support that more Mexicans need, irrespective of their background or financial status."About Lana Digital:Headquartered in Mexico, LANA DIGITAL SA DE CV SOFOM ENR is a financial institution regulated by CNBV and CONDUSEF. The company is committed to delivering flexible financial solutions and personalized services to its customers, leveraging innovative technology and exceptional customer service.For more information, please visit Lana Digital's official website at https://www.lanadigital.mx Media Contact Organization: LANA DIGITAL SA DE CV SOFOM ENR Contact Person: Grace Zamora Website: https://www.lanadigital.mx Email: Send Email City: Mexico City Country:Mexico Release id:15637
Another significant discussion in crypto in the year 2024 regards the numbers of L2 blockchain solutions developed on the Ethereum protocol. Some of the famous NFT projects like Pudgy Penguins, Bored Ape Yacht Club, and Azuki have already declared their independencies on L2 — let alone a plethora of more conventional businesses like Fox Corporations and even Flipkart. This increase in L2s has been narrowed down as fake since many people consider it as hype. However, that being said, it might not be too far fetched to assume that within the upcoming year we might be struggling with thousands of L2s. This will be good for the ETH of ethereum successing ecosystem. By way of background: Ethereum, or rather the Ethereum network Space, is an L1 blockchain. This is a common issue with Ethereum, where decentralisation and security are important aspects, however, it is not very scalable – which is the well-known blockchain trilemma of wishing for two of decentralisation, security and scalability but cannot get all three. Thus, the Ethereum network becomes less scalable, and executions on it are awfully expensive. Thus, L2s compensated this; they are also referred to as rollup chains or safemasks. Although they mainly process transactions off the Ethereum network at a cheaper cost, by clustering them and then submitting the clusters to the Ethereum network. How layer-2 rollups work. Source: Makeuseof.com However, this model is accompanied by two mainissues. The first one is fragmentation of the Ethereum community. Liquidity of the market is split between L2s and for users this is just frustrating. Users have tokens on individual blockchains and have to transfer them across to other channels and “intermediate.” Moreover, bridges and everything on one network ‘wrapped’ into another have been a critical point of attack in the past few years. The second issue is the variability and uncertainty of these L2s’ transaction costs, which is very bad for the emergence of numerous applications. This is not good for those who need to perform instant transactions sometimes; one day, it can cost one cent to do an operation, and the next day, that price can be ten or a hundred times higher just because some meme coin is trending right now and occupies all the space in the block. This means that the ecosystem has components such as inefficient liquidity, isolated users, weak UX, and susceptibility to exploitation, and a context that is still not favorable for applications to be built to operate financially independently. TO READ FULL ARTICEL : CLICK HERE The post Ethereum’s Layer 2 Boom: A Blessing and a Challenge for the Crypto World appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
Trump Supports Bitcoin at Conference Speaking at the Bitcoin Conference this week, the former US leader attempted to conquer a new constituency that is concerned about bitcoin. Constituent part of this demographic sees bitcoin as means to what they regard as more liberty in Americas and other corners of planet earth. In their view, bitcoin will be an important component in a future period when mining will merge with energy generation revival while there is skyrocketing demand for AI computation. President Trump gave a stump speech, covering many themes his followers would be familiar with. Nevertheless, he also made some clear statements he hoped would help him win those who vote in relation to bitcoins. The first thing he did was prove himself among top experts in bitcoin, economists, technologists and human right activists who were present by admitting that Bitcoin currently ranks 9th globally based on capitalization market and might overtake gold one day. Of course, this was not news to bitcoiners but now this message will be heard by many conservatives who have inherent inclination towards gold and rely on Trump’s gut feeling which is certainly going to make many more conservative minds open to bitcoin and consequently, its usage. Read also: William Wang on “The Future of Jobs: How AI Will Replace Many Jobs” Trump also expressed his gratitude to bitcoiners for understanding the threat of inflation, which he said was a ‘country buster’, that once led the nation of Germany down a very dark path a hundred years ago. He said that contrary to those who think that bitcoin is a menace to the dollar, he thinks that it is Washington D. C. that poses a menace to the dollar system. The most important of all was a statement that any bitcoin that the federal government has will not be sold and will instead be stored as a “reserve. ” While he did not come out and say that the Treasury will begin to buy bitcoin, the establishment of a strategic bitcoin reserve from bitcoin already in the government’s possession is the first step that can lead to a later discussion on how much bitcoin should the government own. (Indeed, U. S. Senator Cynthia Lummis has already, after Trump’s speech, declared her intention to introduce a bill that will compel the U. S. Treasury to purchase one million bitcoins.) This, in essence, translates to the fact that the U. S. may not be too far from leading the next industrial revolution given that a good share of the bitcoin industry is based in the country. Thus, Trump’s statement today in support of individual bitcoin owners’ private property rights means that the slander of bitcoin as belonging to criminals is no longer relevant. TO READ FULL ARTICLE: CLICK HERE The post Trump Supports Bitcoin at Conference, Pushes for U.S. Strategic Reserve appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
Let me bring you up with the news that OpenAI is running a loss making business and is predicted to lose as much as $5 billion in the next year, 2024, a position that may force OpenAI, the maker of ChatGPT, out of business in the next twelve months, as analysed by The Information. As claimed in the report that relied on information from new financial documents and insiders about the business, OpenAI plans to spend over $7 billion on the AI training only and over $1. 5 billion on staffing. That is significantly higher than the claimed figure of competitors like the Anthropic backed by Amazon, which plans to reach a burn rate of $2. 7 billion. This amounts could mean that OpenAI will have to withdraw on another funding round, within the next one year, in order to strengthen it is balance sheet as stated in the report. Exactly, as of now, OpenAI was funded for seven times and managed to attracted more than eleven (11) billion dollars, information deduced from Tracxn More recently the new funding was private and Laurence and Tilan Lupin in April 2021 with funds from ARK Investment Management that the amount raised was undisclosed. Read also: DexCheck AI Revolutionizes Crypto Trading with Advanced AI and ML Analytics Earlier, OpenAI did not respond to requests for comments. ChatGPT was unveiled by OpenAI in November 2022. The AI assistant started to gain the target popularity rapidly and reached over one hundred million of weekly active users. The American AI firm revealed the development of a new generative AI, GPT-4o Mini on July 18. Source: Sam Altman OpenAI is also said to be developing another AI model that has an ability of reasoning that is far much higher than the current GPT-4o. The new model, which will be named “Strawberry”, will also respond more like a human, it is said. It experiences legal pressures, such as a possible probe by the United States Securities and Exchange Commission connected to misbehavior regarding NDAs. On July 23, US lawmakers wrote to OpenAI’s chief executive officer Sam Altman regarding safety measures and employment policies in OpenAI. TO READ FULL ARTICLE: CLICK HERE The post OpenAI Might Lose $5 Billion in 2024, Putting Its Future at Risk: Report appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
The approval of the Ethereum ETF left the world in awe especially through the Securities and Exchange Commission (SEC). This came as a shock to me alongside many others (and most in the Bitcoin community) who had expected the SEC to disapprove the application for the Ethereum ETFs. Ultimately, it comes down to a core economic question: In other words, is it a substitute or a complement to Bitcoin? Some argue that they are complementary: The US dollars that are put into Ethereum will bring in new US dollars into Bitcoin from other assets such as equities and bonds. However, I think that they are in fact substitutes for one another. There is a given amount of attention people pay to cryptocurrencies and if some of that is directed towards Ethereum, it is at the expense of the investment in Bitcoin. TO READ FULL ARTICLE: CLICK HERE The post What Does the Ethereum ETF Mean for Bitcoin Investors? appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
