Chainlink (LINK) briefly dropped to $20.1 during the weekend before staging a quick recovery to a little over $23. The latest dip, however, extended its weekly losses to almost 22%. This prompted many whales to accumulate the token. LINK Whales’ Conviction There has been a noticeable uptick in the holdings of wallets containing between 10 million and 100 million LINK coins, rising from approximately 475.79 million to 479.78 million within a short period. According to popular crypto analyst Ali Martinez, this translates to a purchase of over $44 million worth of LINK, which reflects bullish behavior among large holders during the price retracement. The accumulation trend suggests growing confidence in LINK’s long-term potential. Lookonchain’s recent tweet further validated the strong conviction among whales. The blockchain analytics platform identified nine fresh wallets withdrawing a total of 362,380 LINK tokens, which is worth around $8.19 million, from Binance within the last 48 hours. Before the recent market turmoil, the LINK token saw a significant price increase and a boost in market activity, attributed to World Liberty Financial (WLFI) – a project backed by Donald Trump’s family – strategically increasing its holdings. This wave of renewed interest has led to a sharp rise in market activity. As such, CoinCodex has predicted that Chainlink’s price will increase by more than 53%, potentially reaching $35.56 by January 22, 2025. The market sentiment remains Neutral, while the Fear & Greed Index stands at 70 (Greed). In the past 30 days, Chainlink had 16 green days out of 30, with a volatility of 17.48%. Chainlink Leads Real-World Assets (RWA) Sector Earlier this month, market intelligence platform Santiment reported that Chainlink is at the forefront of the real-world assets (RWA) sector in terms of development activity. Its analysis highlighted that the decentralized oracle network is leading the sector, followed by Synthetix (SNX), a synthetic asset platform based on Ethereum, and Dusk Foundation (DUSK), which focuses on privacy and tokenization. According to the data, Chainlink recorded nearly 394 significant GitHub events in the last 30 days, while Synthetix and Dusk Foundation had 176.6 and 34.7, respectively. Besides, Chainlink has partnered with leading companies such as Coinbase, SWIFT, UBS, and Emirates NBD for the RWA tokenization industry. The post Whales Flock to Chainlink (LINK) Amid Price Dip With a $44 Million Purchase appeared first on CryptoPotato .
Crypto All-Stars is launching its native token, $STARS, on the decentralized exchange (DEX) Uniswap today at 2 pm UTC. Ahead of the DEX listing, the meme project surpassed $26M on presale, which ended on Friday. $STARS momentum is fueled by its role as the linchpin of MemeVault, a novel unified meme coin staking platform. The pre-listing shoutout on CoinMarketCap, Binance chatter, and comprehensive audits by Coinsult and SolidProof also add to $STARS’ popularity. $STARS Staking Protocol Features 11 Major Meme Coins The MemeVault will go live after the DEX listing, enabling early adopters to stake 11 major meme coins (Dogecoin, Shiba Inu, Pepe, Floki Inu, Brett, Mog Coin, Milady, Turbo Token, Toshi The Cat, Coq Inu, and Bonk) straight away. $STARS is a central part of MemeVault, multiplying staking rewards for its holders. To encourage user engagement, a $20K event dubbed the ‘Last Meme Standing Competition’ will start tomorrow (December 24) at 2 pm UTC. Details currently remain scarce, but it could be an excellent opportunity for $STARS holders to win freebies within MemeVault. Crypto-All Stars Taps Into CoinMarketCap’s 340M Monthly User Base CoinMarketCap further boosts demand for $STARS. The crypto tracking website with over 340M monthly visitors gave the token a rare pre-listing shoutout . Moreover, MemeFi Club, which has 3.8M+ subscribers on YouTube, recently speculated Binance has been eyeing $STARS after it raised $1M in a post-presale listing. Given Binance’s position as the leading centralized exchange (CEX) with a 24-hour trading volume edging close to $22B, it could significantly enhance $STARS accessibility and liquidity. On top of that, $STARS is fully audited by Coinsult and SolidProof , so there’s no reason to worry about rug pulls or code vulnerabilities. In addition, Best Wallet featured $STARS in the ‘Upcoming Tokens’ section. Over 100K avid traders use this self-custody crypto wallet to search for the next meme coin leader. $STARS price is also set to increase as its circulating supply decreases with time; tokens with limited supply often attract higher demand. Buy $STARS on Uniswap Today The soon-coming Uniswap listing is a significant boon for $STARS. The DEX has an impressive $991M 24-hour trading volume , which increases $STARS’ odds for broad acceptance. On top of its CoinMarketCap feature, Binance rumors, full audits, Best Wallet listing, and its burning mechanism, it’s no wonder $STARS is projected to be among the meme coins set to skyrocket before Christma s. To buy $STARS, visit Uniswap at 2 pm UTC. For more information, check out the Crypto All-Stars Telegram and X . Disclaimer: This isn’t investment advice. Always DYOR, and never invest more than you can afford to lose.
AI Website: The Future of Web Development and User Experience The internet is constantly evolving, and so are the tools and technologies that power websites. One of the most significant technological advancements in recent years is the rise of Artificial Intelligence (AI) in web development. AI websites are transforming how websites are designed, how users interact with them, and how businesses optimize their online presence. From personalized user experiences to automated customer support , AI is enhancing website functionality in ways that were previously unimaginable. In this article, we’ll explore how AI is reshaping web development , the benefits of AI-powered websites , and how businesses can leverage AI technologies to improve user engagement and streamline operations. Whether you’re a web developer, business owner, or curious about AI’s role in web design, this guide will provide you with a comprehensive understanding of the growing impact of AI on the world of websites . What is an AI Website? An AI website is a website that incorporates artificial intelligence technologies to improve functionality, user experience, and automation. AI enables websites to perform tasks that require human-like intelligence, such as personalization , natural language processing , predictive analytics , and automation . Rather than simply being static web pages, AI-powered websites can adjust their content dynamically, interact with visitors in real time, and offer personalized experiences based on user behavior and preferences. AI can analyze large amounts of data, make decisions based on that data, and improve over time with machine learning, creating a more efficient, engaging, and intuitive user experience. How Does AI Work on Websites? AI’s functionality on websites is largely driven by advanced algorithms, machine learning, and data processing. AI tools and platforms can be integrated into websites in various ways to enhance their capabilities. Here are some key areas where AI is used on websites: Personalization : One of the most common applications of AI on websites is personalization . By analyzing user behavior and collecting data on previous interactions, AI can tailor website content to individual users. For example, an e-commerce site might use AI to recommend products based on a user’s previous purchases or browsing history. AI can personalize the content, layout, and even the calls to action based on real-time data, making the user experience more relevant and engaging. Chatbots and Virtual Assistants : AI-powered chatbots are becoming an integral part of many websites. These bots are designed to simulate conversation with users and can handle customer queries, provide recommendations, and resolve common issues. AI chatbots can answer questions, direct users to relevant pages, and even assist in completing purchases or processing orders. Virtual assistants like Siri and Google Assistant are also examples of AI-driven tools that help users interact with websites through voice commands. Predictive Analytics : AI websites often use predictive analytics to anticipate user behavior and needs. By analyzing past behavior, AI can forecast what users might want or need next. For instance, a news website might use predictive analytics to recommend articles that users are likely to find interesting based on their reading history. Predictive analytics can also help businesses optimize their content, ensuring the most relevant information is presented to users at the right time. Natural Language Processing (NLP) : Natural Language Processing (NLP) is a branch of AI that allows machines to understand and respond to human language. This technology is used to power features like voice search , language translation , and content analysis . For example, an AI website might enable voice-activated search , allowing users to find what they need more efficiently by speaking rather than typing. NLP is also used in sentiment analysis, which enables websites to understand the emotional tone behind user reviews, comments, or social media posts. Automated Content Creation : AI can help create content on websites, especially for blogs, articles, and product descriptions. Natural language generation (NLG) algorithms can write basic content based on data inputs. For example, an AI-powered system could automatically generate product descriptions for an e-commerce website based on product specifications and features. This not only saves time for content creators but ensures that content is optimized for SEO and user engagement. The Benefits of AI Websites Incorporating AI into websites brings several advantages for both businesses and users. Here are some of the most significant benefits of AI websites : Improved User Experience : AI-powered websites provide users with customized experiences . Personalized content, recommendations, and interactions create a more engaging experience that keeps visitors on the site longer and encourages them to return. The more relevant the content, the more likely users are to convert into customers. Enhanced Customer Support : With AI-driven chatbots and virtual assistants , websites can offer 24/7 customer support . These AI tools can handle customer inquiries instantly and efficiently, reducing wait times and providing users with the assistance they need in real-time. This also helps businesses reduce support costs, as AI can manage routine queries, freeing up human agents to handle more complex issues. Increased Efficiency and Automation : AI can automate several aspects of website management, such as data collection , content generation , and customer interaction . This reduces the manual workload for businesses and allows them to focus on higher-level tasks, such as strategy development and product innovation. Better Decision-Making with Data Insights : AI-powered websites can analyze user data in real-time, providing businesses with valuable insights into user behavior and preferences. This helps companies make data-driven decisions about marketing, content strategy, and product offerings, leading to higher conversion rates and more targeted campaigns. SEO Optimization : AI can help improve website SEO by analyzing search patterns, identifying high-traffic keywords, and optimizing content for search engines. AI tools can also automate the process of creating SEO-friendly content, ensuring that websites rank higher in search engine results pages (SERPs). How AI is Transforming Web Development AI is not only improving the user experience but also revolutionizing the process of web development itself. Here’s how AI is changing the way websites are built: AI-Driven Design : AI-powered web design tools are making it easier for developers to create responsive, aesthetically pleasing websites. AI algorithms can suggest design elements, colors, fonts, and layouts based on current trends and user preferences. This accelerates the design process and ensures that the final product is both functional and visually appealing. Code Generation : AI tools are also helping developers by automatically generating code based on user requirements. These tools can create basic website structures, generate responsive layouts, and even suggest improvements to existing code. This speeds up development time and reduces human error. Testing and Debugging : AI-powered tools are increasingly used for automated testing and debugging . AI can analyze code for errors, detect bugs, and even suggest solutions, significantly improving the development workflow and reducing the chances of errors slipping through the cracks. AI Website Examples Several popular websites and platforms are already leveraging AI technologies to improve their user experience and operational efficiency. Here are a few examples: Amazon : Amazon uses AI for personalized product recommendations , voice search (Alexa) , and AI-driven customer service . The website continuously learns from user behavior to provide a more tailored shopping experience. Netflix : Netflix uses AI to recommend shows and movies based on users’ previous viewing habits, predict future preferences , and even optimize streaming quality based on internet speed. Spotify : Spotify leverages AI to create personalized playlists for users, such as Discover Weekly and Release Radar , based on listening habits and preferences. Chatbots on Customer Support Websites : Many websites, including banking and e-commerce sites, use AI-powered chatbots for customer support. These bots can instantly respond to inquiries, troubleshoot issues, and help customers complete transactions. Conclusion: The Future of AI Websites AI is revolutionizing the web development industry, offering businesses the opportunity to enhance their websites in ways that were once considered impossible. By implementing AI technologies, businesses can provide personalized experiences , improve customer support , and gain valuable data insights to make informed decisions. As AI continues to evolve, the role of AI websites will only grow, transforming not just the way websites are designed, but also the way users interact with them. For businesses looking to stay competitive in an increasingly digital world, adopting AI technologies is no longer optional — it’s a necessity. Embrace AI, and you’ll unlock new possibilities for website performance, user engagement, and overall business success. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
What is Artificial Intelligence? A Comprehensive Guide to AI Artificial Intelligence (AI) is transforming the world at an unprecedented rate. From smart assistants like Siri and Alexa to self-driving cars, AI is becoming an integral part of our daily lives. But what exactly is Artificial Intelligence , and how does it work? In this detailed guide, we’ll explore AI’s definition , its various types, applications, and how it’s reshaping industries globally. Whether you’re new to AI or looking to deepen your understanding, this article will provide a comprehensive overview of one of the most influential technologies of the 21st century. What is Artificial Intelligence? Artificial Intelligence (AI) refers to the development of computer systems or machines that can perform tasks that would normally require human intelligence . These tasks include processes like learning , reasoning , problem-solving , perception , and language understanding . AI systems are designed to simulate human cognitive abilities and can improve their performance over time through experience and data, a concept known as machine learning (ML) . At its core, AI allows machines to mimic human intelligence by processing large amounts of data and making decisions based on that information. This ability to learn from data is what distinguishes AI from traditional software, where the behavior is explicitly programmed by developers. Types of Artificial Intelligence AI is a broad field that includes several different approaches and methodologies. AI can be classified into three categories based on its capabilities: Narrow AI (Weak AI) : Narrow AI refers to AI systems that are designed to perform a specific task or set of tasks. These systems operate within a limited scope and cannot perform tasks outside of their programmed capabilities. Examples include: Virtual assistants (like Siri or Alexa) Recommendation systems used by Netflix or Amazon Facial recognition software Self-driving cars (to a certain extent, as they are still being developed and refined) Narrow AI is the most common form of AI today, and it powers a wide range of applications across various industries. General AI (Strong AI) : General AI refers to an AI system with the ability to understand, learn, and apply intelligence across a wide range of tasks, much like a human. A General AI would be capable of performing any intellectual task that a human being can do, including reasoning, planning, and learning new concepts. General AI is still theoretical and does not yet exist in any practical form. Achieving this level of AI is one of the long-term goals of AI research. Superintelligent AI : Superintelligent AI refers to AI that surpasses human intelligence in all aspects, including creativity, problem-solving, and decision-making. This level of AI could theoretically perform tasks that no human can do and could have profound implications for society. However, Superintelligent AI remains a speculative concept and is the subject of ongoing debate among researchers and ethicists. How Does Artificial Intelligence Work? AI works through a combination of algorithms, mathematical models, and computational power. The key to AI’s functionality lies in its ability to learn from data. Here’s a breakdown of the fundamental components that allow AI to function: Data Collection : AI systems need a large amount of data to learn from. The data could come from various sources, such as text, images, audio, or video. Algorithms : Algorithms are sets of instructions that enable the AI system to analyze data and make decisions. Different algorithms are used for various tasks, such as pattern recognition, prediction, or classification. Machine Learning (ML) : Machine learning is a subset of AI that involves training algorithms on data to improve performance over time. The system learns from past data, identifies patterns, and makes predictions based on that knowledge. The more data the AI receives, the better it can learn and improve its accuracy. Neural Networks : Inspired by the human brain, neural networks are a type of machine learning model designed to recognize patterns in data. These networks consist of layers of interconnected nodes (or neurons) that process information and pass it through the system. Neural networks are the foundation of more advanced AI systems, like deep learning. Natural Language Processing (NLP) : NLP allows AI systems to understand and interact with human language. It enables applications such as chatbots, language translation, and voice assistants to interpret and respond to user inputs in natural language. Computer Vision : Computer vision is another branch of AI that enables machines to interpret and understand visual information from the world, such as recognizing objects in images or videos. Applications of Artificial Intelligence AI is being applied across a wide range of industries, revolutionizing how businesses and individuals interact with technology. Here are some of the most prominent applications of AI : Healthcare : AI is improving patient care through medical imaging , where AI algorithms can analyze X-rays, MRIs, and other images to identify signs of diseases like cancer. Predictive analytics can help doctors identify health risks, recommend treatments, and predict patient outcomes. Robots and AI-driven surgical tools are also transforming surgery, providing more precise, minimally invasive procedures. Finance : AI is used in algorithmic trading to analyze financial data and make investment decisions at a much faster rate than humans can. Fraud detection systems powered by AI can analyze transactions and identify suspicious behavior. Chatbots are being used in customer service to answer queries, process payments, and provide recommendations. Retail : AI-powered recommendation systems are used by retailers like Amazon and Netflix to suggest products and content based on user preferences. Inventory management and demand forecasting are becoming more efficient with AI, helping retailers optimize their supply chains and reduce waste. Personalized shopping experiences are being enhanced by AI to tailor product suggestions, prices, and promotions for individual customers. Autonomous Vehicles : Self-driving cars use AI technologies, including computer vision , machine learning , and sensor fusion , to navigate the roads and make real-time decisions, like avoiding obstacles or adjusting speed. AI is also used in autonomous drones and delivery systems. Manufacturing : AI is revolutionizing manufacturing through predictive maintenance , which helps predict equipment failures before they happen, minimizing downtime and reducing repair costs. Robotics and AI-driven automation are improving production efficiency, quality control, and safety in factories. Entertainment and Media : AI is reshaping the entertainment industry through the creation of deepfake technology , which allows for hyper-realistic video editing. Content generation tools are powered by AI to automatically create written content, music, and even artwork. The Future of Artificial Intelligence The future of Artificial Intelligence is vast and filled with possibilities. As AI technologies continue to advance, we can expect to see more autonomous systems , smarter applications , and increased collaboration between humans and machines. However, the growth of AI also raises important questions about ethics, security, and employment. Ethical concerns : As AI systems become more capable, the potential for misuse or unethical behavior increases. Issues such as bias in AI algorithms , privacy concerns , and the ethical implications of AI-driven decision-making will need to be addressed. Job displacement : While AI is expected to create new job opportunities, it may also lead to job displacement in certain industries, especially those involving repetitive tasks. AI and regulation : Governments and organizations are exploring how to regulate AI to ensure its safe and ethical use while promoting innovation. Conclusion: Embracing the AI Revolution Artificial Intelligence is no longer just a futuristic concept. It’s already reshaping industries, solving complex problems, and improving the way we live. As AI continues to evolve, it promises to enhance various aspects of our lives, from healthcare to entertainment, finance, and beyond. However, it’s essential to approach AI with caution, considering both its vast potential and the ethical challenges it poses. By understanding what Artificial Intelligence is, how it works, and the opportunities it presents, you can be part of the AI revolution and harness its power for the future. Stay informed, and be ready for the exciting developments that AI will bring in the coming years. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
What is Forex? A Comprehensive Guide to the World of Forex Trading If you’ve ever wondered about the term “ Forex ” or “ foreign exchange ,” you’re not alone. Forex refers to the world’s largest financial market, where currencies are traded against one another. The forex market plays a crucial role in international trade and investments, with trillions of dollars being exchanged daily. Whether you are an aspiring trader, a business owner, or just someone looking to understand this dynamic market, this guide will provide you with a deep understanding of what Forex is , how it works, and how people can trade currencies for profit. In this article, we’ll cover everything you need to know about Forex trading , including key concepts, how to get started, and tips for success. Let’s dive in! What is Forex? Forex , also known as foreign exchange or FX , is the global marketplace for buying and selling currencies . Unlike other markets such as stocks or commodities , the Forex market operates 24 hours a day, five days a week, allowing traders worldwide to exchange currencies at any given time. The Forex market is decentralized, meaning it doesn’t have a central exchange like the New York Stock Exchange (NYSE) . Instead, it operates through a network of banks , financial institutions , brokers , and individual traders who exchange currencies electronically over-the-counter (OTC). The main goal of Forex trading is to speculate on the price movements of one currency relative to another. This is done by buying one currency while simultaneously selling another. The aim is to profit from the difference in exchange rates between the two currencies. How Does Forex Work? To understand how Forex works, let’s break down the key elements that make up the Forex market. Currency Pairs Forex trading involves trading currency pairs . A currency pair consists of two currencies: the base currency and the quote currency . For example, in the currency pair EUR/USD , the Euro (EUR) is the base currency, and the U.S. Dollar (USD) is the quote currency. When you buy this pair, you are buying Euros while selling U.S. Dollars . Conversely, when you sell the pair, you are selling Euros and buying U.S. Dollars . The price of a currency pair indicates how much of the quote currency is needed to buy one unit of the base currency . Exchange Rates Exchange rates are the value at which one currency can be exchanged for another. They fluctuate constantly based on various factors, including interest rates , economic data , geopolitical events , and market sentiment . For instance, if the EUR/USD exchange rate is 1.2000, this means 1 Euro is worth 1.20 U.S. Dollars . If this rate changes to 1.2500, the Euro has appreciated relative to the Dollar , and the exchange rate has increased. Leverage Leverage in Forex trading allows traders to control a large position in the market with a relatively small initial investment (called margin). For example, with 50:1 leverage , a trader can control a position worth $50,000 with just $1,000 of their own capital. While leverage can amplify profits, it also increases the risk, as traders can incur substantial losses if the market moves against them. Market Participants The Forex market is made up of several key participants, including: Central Banks : These institutions control a country’s monetary policy and influence currency values through interest rate changes and foreign exchange interventions. Commercial Banks : Large banks provide liquidity and facilitate currency transactions for their clients. Retail Traders : Individual traders who engage in Forex trading for personal profit. Hedge Funds and Investment Firms : These entities also trade currencies to manage risk or seek profit. Market Sessions The Forex market operates 24 hours a day, with trading sessions opening and closing in different parts of the world. These include the Sydney , Tokyo , London , and New York sessions. The overlap between these sessions creates periods of higher liquidity and volatility. The Asian session is typically less volatile, while the London and New York sessions experience the highest trading volume and price movements. Types of Forex Markets There are three primary types of Forex markets where trading takes place: Spot Market The spot market is where currencies are bought and sold for immediate delivery, typically within two business days. This is the most common market for retail traders . Forward Market The forward market involves contracts to buy or sell currencies at a specific future date and price. These contracts are customizable and traded over-the-counter (OTC), typically by businesses looking to hedge currency risk. Futures Market In the futures market , currency contracts are standardized and traded on exchanges like the Chicago Mercantile Exchange (CME) . These contracts are similar to forward contracts , but they are more regulated and can be bought or sold before their expiration date. Why is Forex So Popular? Liquidity The Forex market is the most liquid market in the world, with daily trading volumes surpassing $6 trillion . This means that orders can be filled quickly, and there is always a buyer or seller available. Accessibility Forex trading is open to anyone with an internet connection and access to a broker. Unlike stock trading , which requires buying shares in a company, Forex trading allows you to speculate on the movement of currencies without owning the underlying asset. Leverage Leverage is one of the most attractive aspects of Forex trading. It enables traders to control larger positions in the market with a smaller amount of capital, increasing their potential for profit (and loss). Diverse Trading Opportunities Forex provides opportunities to trade a wide range of currencies, including major , minor , and exotic pairs . This allows traders to take advantage of fluctuations in a wide variety of markets and time zones. 24-Hour Trading The ability to trade 24 hours a day across different time zones gives Forex traders flexibility and the ability to react quickly to market events and news. How to Get Started with Forex Trading Choose a Reliable Forex Broker The first step in Forex trading is to choose a regulated Forex broker that offers low spreads , high leverage , and a user-friendly platform . Make sure the broker is licensed by a reputable financial authority, such as CySEC , ASIC , or the FCA . Open a Trading Account Once you have chosen your broker, you can open a trading account . Most brokers offer different types of accounts (such as micro or standard accounts), so you can choose one that suits your trading style and budget. Start with a Demo Account Before risking real money, it’s advisable to start with a demo account . This will allow you to practice trading with virtual funds and get familiar with the trading platform. Develop a Trading Strategy Successful Forex trading requires a solid trading strategy . Whether you prefer technical analysis , fundamental analysis , or a combination of both, having a well-thought-out plan is key to managing risk and maximizing profits. Monitor the Market Stay informed about economic indicators , global events , and market sentiment that can affect currency values. Using news feeds , charts , and technical indicators will help you make more informed decisions. Risks of Forex Trading Forex trading can be highly profitable, but it also comes with significant risks . The use of leverage can amplify both profits and losses. It’s essential to use risk management tools , such as stop-loss orders , to protect your capital. Additionally, it’s crucial to stay disciplined and avoid emotional trading decisions. Conclusion Forex trading is a dynamic and highly liquid market that offers numerous opportunities for traders around the world. Whether you’re a beginner looking to explore the market or an experienced trader looking for new opportunities, understanding the fundamentals of Forex trading is crucial. By choosing the right broker, developing a solid strategy, and continuously educating yourself, you can succeed in the Forex market . If you’re ready to dive into the world of Forex trading , make sure to do thorough research and practice responsible trading. Forex may seem complex, but with the right knowledge and approach, you can make the most of this exciting market. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
After the approval of Bitcoin and Ethereum ETFs, ETF applications for altcoins such as XRP and Solana (SOL) are coming, while analysts think that these ETFs could be approved in 2025 with the Donald Trump administration. At this point, while Trump is expected to take office as president, ETF Store president Nate Geraci revealed an interesting situation regarding Dogecoin (DOGE). Pointing out that no fund manager has so far applied to the SEC for a spot Dogecoin ETF, Geraci expressed his curiosity as to who will be the first to apply for DOGE. Responding to this post, Bloomberg senior ETF analyst Eric Balchunas said that the Dogecoin ETF application will be awaited after US President-elect Donald Trump takes office. The analyst added that Trump’s inauguration would set a precedent for investment fund managers to apply for a spot Dogecoin ETF. Finally, Balchunas stated that Paul Atkins’ appointment as SEC chairman would significantly increase the chances of crypto ETFs being approved. “I agree. I thought someone would file for a Dogecoin ETF by Christmas. But now we can wait until Atkins and Trump are inaugurated.” Dogecoin (DOGE) continues to trade at $0.31 at the time of writing. https://twitter.com/EricBalchunas/status/1870996999782437071 *This is not investment advice. Continue Reading: Famous Analyst Reveals Interesting Facts About Dogecoin, Bloomberg Analyst Gives Date for DOGE ETF!
Despite this setback, people are still optimistic about Bitcoin and predict it could still surge to $200,000 by 2025 due to institutional adoption and favorable regulatory shifts under the incoming administration. Japanese firm Metaplanet capitalized on the dip with a record $60 million Bitcoin purchase, while social sentiment hit a 2024 low. Long-term Bitcoin prospects are also still quite positive, bolstered by strategic proposals like a U.S. Bitcoin reserve that could cut national debt. Bitcoin Retreats from All-Time Highs Bitcoin experienced its first big weekly decline since Donald Trump’s November presidential election win started a rally that propelled the cryptocurrency past six figures. Over the week ending Dec. 22, Bitcoin dropped by 10%, closing at $94,645 after starting the week at close to $105,185. This decline erased approximately $10,500 from its price. Bitcoin price action over the past week (Source: CoinMarketCap ) The downturn coincided with the Federal Reserve’s Federal Open Market Committee decision to reduce the number of projected interest rate cuts for the coming year, trimming expectations from five to just two. The federal funds rate is now expected to peak at 3.9% in 2025, compared to the previously forecasted 3.4%, creating a less favorable environment for risk-on assets like Bitcoin. Before this decline, Bitcoin showed consistent strength by rising in six of the past seven weekly closes since Trump’s election. The only exception was a minor 0.78% retracement during the week ending Nov. 24. Bitcoin weekly price history (Source: CoinMarketCap ) Despite this recent pullback, optimism for Bitcoin’s long-term prospects is still strong. Asset management firms like Bitwise and VanEck predict the cryptocurrency could surge to the $180,000 to $200,000 range by 2025, driven by a potential U.S. strategic Bitcoin reserve and increased institutional and corporate adoption. Trump’s administration is also expected to create a much more favorable regulatory environment for cryptocurrencies. Some of Trump’s key appointments include hedge fund manager Scott Bessent as Secretary of Treasury and Cantor Fitzgerald CEO Howard Lutnick as Commerce Department head. Crypto advocate Paul Atkins is also set to replace Gary Gensler as chair of the Securities and Exchange Commission on Jan. 20. Atkins is a former SEC commissioner, and is anticipated to bring a more pro-crypto stance to the agency. At press time, Bitcoin was trading hands at $95,303.85 after its price dropped by 1.35% over the past 24 hours. This is a dramatic increase from its position on Christmas Day last year when it was valued at approximately $43,600. Metaplanet Makes Record Bitcoin Purchase Japanese investment firm Metaplanet certainly took advantage of Bitcoin’s price dip by making its largest-ever Bitcoin purchase. The firm bought 619.7 BTC for nearly $60 million. The purchase was announced on Dec. 23, and was made at an approximate price of $96,000 per Bitcoin. Metaplanet’s previous record buy was 159.7 BTC in October. This latest acquisition brought Metaplanet’s total Bitcoin holdings to 1,762 BTC, which is valued at around $168 million, with an average purchase price of $75,600 per Bitcoin. Metaplanet’s latest purchase also makes its Bitcoin holdings the 12th-largest among public companies, trailing behind medical technology firm Semler Scientific. The company also reported some very impressive returns on its Bitcoin strategy, with a BTC Yield of 310% between October and December. This exceeded the 41.7% yield achieved in the previous quarter by far. Metaplanet uses BTC Yield as a metric to evaluate the success of its Bitcoin acquisition strategy, which it claims adds value for shareholders. In an investor disclosure, Metaplanet revealed plans to formalize Bitcoin acquisition and management as a core business line. This initiative will include leveraging financial instruments like loans, equity, and convertible bonds to accumulate and manage Bitcoin holdings. The firm also announced its plan to raise more than $62 million through a stock acquisition program to expand its Bitcoin treasury even more. On Dec. 18, Metaplanet projected its first operating profit since 2017. The announcement triggered a 5% surge in the company’s stock price on the Tokyo Stock Exchange, although shares are still down almost 13% over the past week. Despite its recent fluctuations, Metaplanet’s stock skyrocketed by more than 2,100% this year, driven by its embrace of Bitcoin. Bitcoin Sentiment Hits 2024 Low Social sentiment around Bitcoin also recently plummeted to its lowest level in 2024, which raised some speculation about a potential recovery above the $100,000 mark. Bitcoin’s correction has been accompanied by a sharp decline in retail sentiment, with a ratio of four to five positive versus negative Bitcoin-related comments on social media. Despite the negative sentiment, some market analysts see this as an indicator of an incoming Bitcoin breakout. Market intelligence platform Santiment pointed out that fear, uncertainty, and doubt (FUD) among vocal traders could signal a market move contrary to retail expectations. Other analysts agree with this sentiment, and suggested that the end of Bitcoin’s current correction phase under $100,000 is near. Emerging fractal patterns on Bitcoin’s daily chart point to the possibility of an imminent recovery above $100,000. Analyst Elja Boom noticed the similarities to previous patterns, and suggested a short-term reversal could be in play. However, historical data indicates that Bitcoin’s correction might continue for another week. Analyst Rekt Capital referenced prior market cycles where corrective phases extended through multiple weeks. Looking further ahead, Bitcoin’s outlook for 2025 still appears more optimistic. Matrixport , a crypto services provider, predicts that improving macroeconomic conditions and easing global monetary policies could propel Bitcoin’s price above $160,000 by the end of next year. U.S. Bitcoin Reserve Could Cut National Debt Meanwhile, the United States could greatly reduce its national debt by creating a Bitcoin reserve, according to a report by asset management firm VanEck. The analysis suggests that holding 1 million Bitcoin could offset approximately 35% of the national debt by 2049, assuming Bitcoin’s price grows at a compounded annual growth rate (CAGR) of 25%. Under this scenario, Bitcoin’s value would reach $42.3 million per coin by 2049, while the national debt is projected to rise from $37 trillion in 2025 to $119.3 trillion at a 5% CAGR over the same period. VanEck’s projection started with Bitcoin at $200,000 in 2025, more than double its current trading price of $95,360. The firm expects that Bitcoin’s value could expand to represent 18% of global financial assets by 2049, which is a big increase from its current 0.22% share of the $900 trillion market. (Source: VanEck ) This proposal aligns with a bill that was introduced by Senator Cynthia Lummis, which advocates for the U.S. to establish a Bitcoin reserve. While Donald Trump’s incoming administration has shared its interest in using Bitcoin as a reserve asset, Lummis’ bill still has to be reviewed by Congress. Strike CEO Jack Mallers even speculated that Trump might issue an executive order on his first day in office to designate Bitcoin as a reserve asset. Under the Lummis plan, the U.S. could take advantage of the 198,100 Bitcoin that it currently holds from asset seizures and acquire the remaining 801,900 Bitcoin through Emergency Support Functions, selling a portion of its $455 billion gold reserves, or a combination of both. This strategy would not involve money printing or taxpayer funds, according to VanEck. VanEck also mentioned how Bitcoin’s adoption at the state, institutional, and corporate levels could accelerate its growth even more. The firm’s analysts, Matthew Sigel and Nathan Frankovitz, suggested that Bitcoin’s potential role as a settlement currency in global trade could drive its adoption, especially among BRICS nations looking to bypass U.S. sanctions. In this context, Bitcoin’s broader use as a global settlement currency could reshape its role in international finance completely and contribute to its projected growth trajectory.
XM Forex Review: A Comprehensive Guide to Trading with XM If you’re looking for a reliable and well-regulated platform to start your forex trading journey, then XM Forex might be the right choice for you. As one of the leading brokers in the forex industry, XM has established itself as a go-to platform for both beginner and experienced traders. Offering a wide variety of trading instruments, competitive spreads, and advanced trading features, XM provides an ideal environment for forex traders across the globe. In this XM Forex review , we’ll dive deep into the features that make XM stand out in the crowded world of forex trading . Whether you’re new to forex trading or an experienced trader looking for a new platform, this guide will help you understand everything you need to know about XM Forex. What is XM Forex? XM Forex is an online foreign exchange (forex) broker that provides access to the global currency markets. Founded in 2009, XM has grown into one of the most well-respected and trusted brokers in the industry. The broker is fully regulated and offers a range of financial products, including forex , commodities , stocks , and cryptocurrencies . XM provides traders with access to competitive spreads, leverage options, and a wide range of trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5) . With a focus on customer support and educational resources, XM aims to create a supportive environment for traders of all experience levels. Key Features of XM Forex 1. Wide Range of Trading Instruments XM offers a variety of financial instruments to trade, making it a versatile choice for traders. Some of the instruments you can trade on XM Forex include: Forex pairs : Over 55 currency pairs, including major, minor, and exotic pairs. Commodities : Gold, silver, oil, and other commodities. Indices : Trade major stock indices from around the world, including the S&P 500, FTSE 100, and more. Stocks : Access to shares from top companies across various sectors. Cryptocurrencies : Bitcoin, Ethereum, and other popular cryptocurrencies. With such a wide range of assets, XM enables traders to diversify their portfolios and explore different market conditions. 2. Competitive Spreads and Low Commissions One of the standout features of XM Forex is its competitive spreads. The broker offers tight spreads starting as low as 0 pips on major currency pairs. This low spread can be a significant advantage for traders, as it reduces the overall cost of trading. Additionally, XM charges low commissions on trades, which can benefit traders who trade frequently or use high leverage . The combination of tight spreads and low commissions makes XM a cost-effective choice for active traders. 3. Leverage and Margin Options XM Forex provides flexible leverage options, allowing traders to control larger positions with a smaller initial investment. Depending on the account type and instrument, the broker offers leverage of up to 888:1 . This means that with a small margin, traders can access much larger positions in the market. However, it’s important to note that high leverage also comes with increased risk. While leverage can amplify profits, it can also magnify losses. Traders should use leverage wisely and ensure they fully understand the risks involved. 4. Regulated and Trusted Broker XM is a regulated forex broker , licensed by multiple financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) , the Australian Securities and Investments Commission (ASIC) , and others. These regulatory bodies ensure that XM operates according to strict financial standards, offering traders a safe and secure environment. As a regulated broker, XM also provides segregated accounts for client funds, meaning that your money is kept separate from the broker’s operating funds. This adds an extra layer of protection for traders, ensuring that their funds are safe even in the unlikely event that the broker faces financial difficulties. 5. Trading Platforms XM offers its clients access to two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5) . These platforms are known for their user-friendly interface, powerful charting tools, and automated trading features. MetaTrader 4 is widely regarded as the most popular forex trading platform globally. It offers a range of customizable indicators , charting tools , and the ability to use Expert Advisors (EAs) for automated trading. MetaTrader 5 is the more advanced version of MT4, offering additional features like more timeframes , economic calendars , and the ability to trade more financial instruments. Both platforms are available on desktop and mobile devices, making it easy for traders to trade on-the-go. 6. Customer Support XM Forex offers excellent customer support to help traders with any questions or issues they may have. The broker provides 24/5 support , meaning you can get assistance anytime during the trading week. Support is available via live chat , email , and phone , ensuring that traders can reach the team through their preferred method. XM’s customer service is highly rated for its professionalism and prompt response times, making it a reliable option for traders seeking support. 7. Educational Resources XM is committed to helping traders improve their skills and knowledge. The broker offers a wealth of educational resources , including webinars , video tutorials , articles , and market analysis . These resources cover a wide range of topics, from basic forex trading concepts to advanced strategies and risk management techniques. XM also provides a demo account for new traders to practice their skills in a risk-free environment. This is an excellent way for beginners to get familiar with the platform and learn the ropes of trading without risking real money. Account Types at XM Forex XM offers several account types designed to suit different trading preferences and experience levels. These include: Micro Account : Ideal for beginners, this account type offers low minimum deposit requirements and tight spreads. Standard Account : Offers more flexibility and the option to trade with a higher volume. Zero Account : Designed for experienced traders, it offers ultra-low spreads starting from 0 pips, ideal for scalping and high-frequency traders. Each account type offers access to the same trading instruments, platforms, and educational resources, allowing traders to choose the best option based on their trading style and risk tolerance. How to Open an Account with XM Forex Opening an account with XM Forex is straightforward and takes only a few minutes. Here’s a step-by-step guide: Visit the XM website : Go to the official XM Forex website and click on the “Open Account” button. Complete the registration form : Fill out the required details, including your name, email, phone number, and address. Submit identification documents : As part of the verification process, you’ll need to provide proof of identity (e.g., passport or ID card) and proof of address (e.g., utility bill). Fund your account : Once your account is verified, you can deposit funds via a range of payment methods, including credit/debit cards, bank transfers, and e-wallets. Start trading : Once your account is funded, you can start trading using MT4 or MT5 . Pros and Cons of XM Forex Pros: Competitive spreads and low commissions High leverage options (up to 888:1) Regulated by multiple financial authorities Access to popular platforms (MT4 & MT5) Excellent customer support and educational resources Low minimum deposit for starting Cons: High leverage may be risky for inexperienced traders Limited product offerings compared to larger brokers Outflows from non-IBIT ETFs may have negative effects on liquidity Conclusion XM Forex is a reliable and reputable broker that offers a wide range of trading instruments, competitive pricing, and excellent customer support. Whether you’re a beginner or an experienced trader, XM provides all the tools and resources you need to succeed in the forex market. With its user-friendly platforms, educational materials, and regulated environment, XM is a great choice for anyone looking to enter or grow in the forex trading world . If you’re interested in starting your forex journey or looking for a new broker, XM is definitely worth considering. Sign up today and take advantage of their low minimum deposit, robust educational support, and excellent trading conditions. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
On Friday, OpenAI announced the release of a new family of AI models, dubbed o3. The company claims the new products are more advanced than its previous models, including o1. The advancements, according to the startup, stem from improvements in scaling test-time compute, a topic that was explored in recent months, and from the introduction of a new safety paradigm that has been used to train these models. As part of its ongoing commitment to improving AI safety, OpenAI shared a new research detailing the implementation of “deliberative alignment.” The new safety method aims to ensure AI reasoning models are aligned with the values set by their developers. This approach, OpenAI claims, was used to improve the alignment of both o1 and o3 models by guiding them to think about OpenAI’s safety policies during the inference phase. The inference phase is the period after a user submits a prompt to the model and before the model generates a response. In its research, OpenAI notes that deliberative alignment led to a reduction in the rate at which the models produced “unsafe” answers or responses that the company considers a violation of its safety policies while improving the models’ ability to answer benign questions more effectively. How deliberative alignment works At its core, the process works by having the models re-prompt themselves during the chain-of-thought phase. After a user submits a question to ChatGPT, for example, the AI reasoning models take anywhere from a few seconds to several minutes to break down the problem into smaller steps. The models then generate an answer based on their thought process. In the case of deliberative alignment, the models incorporate OpenAI’s safety policy as part of this internal “deliberation.” OpenAI trained its models, including both o1 and o3, to recall sections of the company’s safety policy as part of this chain-of-thought process. This was done to ensure that when faced with sensitive or unsafe queries, the models would self-regulate and refuse to provide answers that could cause harm. However, implementing this safety feature proved challenging, as OpenAI researchers had to ensure that the added safety checks did not negatively impact the models’ speed and efficiency. An example provided in OpenAI’s research, cited by TechCrunch, demonstrated how the models use deliberative alignment to safely respond to potentially harmful requests. In the example, a user asks how to create a realistic disabled person’s parking placard. During the model’s internal chain-of-thought, the model recalls OpenAI’s safety policy, recognizes that the request involves illegal activity (forging a parking placard), and declines to assist, apologizing for its refusal. This type of internal deliberation is a key part of how OpenAI is working to align its models with safety protocols. Instead of simply blocking any prompt related to a sensitive topic like “bomb,” for instance, which would over-restrict the model’s responses, the deliberative alignment allows the AI to assess the specific context of the prompt and make a more nuanced decision about whether or not to answer. In addition to the advancements in safety, OpenAI also shared results from benchmarking tests that showed the effectiveness of deliberative alignment in improving model performance. One benchmark, known as Pareto, measures a model’s resistance to common jailbreaks and attempts to bypass the AI’s safeguards. In these tests, OpenAI’s o1-preview model outperformed other popular models such as GPT-4o, Gemini 1.5 Flash, and Claude 3.5 Sonnet in terms of avoiding unsafe outputs. Italy’s data protection authority fines OpenAI for privacy violations In a separate but related development, OpenAI was fined 15 million euros ($15.58 million) by Italy’s data protection agency, Garante, following an investigation into the company’s handling of personal data. The fine stems from the agency’s finding that OpenAI processed users’ personal data without a legal basis, violating transparency and user information obligations required by the EU’s privacy laws. According to Reuters, the investigation, which began in 2023, also revealed that OpenAI did not have an adequate age verification system in place, potentially exposing children under the age of 13 to inappropriate AI-generated content. Garante, one of the European Union’s strictest AI regulators, ordered OpenAI to launch a six-month public campaign in Italy to raise awareness about ChatGPT’s data collection practices , particularly its use of personal data to train algorithms. In response, OpenAI described the fine as “disproportionate” and indicated its intent to appeal the decision. The company further criticized the fine as excessively large relative to its revenue in Italy during the relevant period. Garante also noted that the fine was calculated considering OpenAI’s “cooperative stance,” meaning it could have been higher had the company not been seen as cooperative during the investigation. This latest fine is not the first time OpenAI has faced scrutiny in Italy. Last year, Garante briefly banned ChatGPT usage in Italy due to alleged breaches of the EU’s privacy rules. The service was reinstated after OpenAI addressed concerns, including allowing users to refuse consent for the use of their personal data to train algorithms. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Michael Saylor to Jeff Bezos: “$600M Would Buy a Lot of Bitcoin” In a light-hearted yet pointed response on X (formerly Twitter), Michael Saylor , the co-founder of MicroStrategy , suggested to Jeff Bezos that the $600 million rumored to be spent on his wedding could be better utilized in purchasing Bitcoin . Saylor’s comment came shortly after Bezos publicly denied rumors that he intended to spend $600 million on his wedding to fiancée Lauren Sanchez in Aspen, Colorado . The Context Behind the Remark The comment from Saylor emerged as a playful exchange in the wake of a widespread rumor about Bezos’ wedding expenses . Reports had surfaced claiming that Bezos, the Amazon founder , was planning to spend $600 million on his upcoming wedding, a claim he swiftly denied. In response, Michael Saylor , who has long been an advocate for Bitcoin , made a remark suggesting that instead of spending such a significant sum on a wedding, Bezos could potentially use the funds to acquire Bitcoin , an asset that Saylor has consistently championed as a store of value and hedge against inflation. Saylor’s response not only highlights his unwavering belief in Bitcoin as a superior investment but also reflects his ongoing efforts to promote Bitcoin adoption among the world’s most prominent business leaders and investors. The Power of $600 Million in Bitcoin Saylor’s suggestion that $600 million could “ buy a lot of Bitcoin ” emphasizes the current price of Bitcoin and how much value could be accumulated through a significant investment in the cryptocurrency. At Bitcoin’s current price (as of December 2024), $600 million would indeed allow for the purchase of a substantial amount of Bitcoin , further bolstering Saylor’s argument that Bitcoin is a smart long-term investment. Given that Bitcoin has steadily gained recognition as a store of value akin to gold , many investors have seen it as a way to preserve and grow wealth, especially in a world of increasing fiat currency printing and economic instability . Michael Saylor’s Advocacy for Bitcoin Michael Saylor has been a vocal supporter of Bitcoin for years. As the CEO of MicroStrategy , a business intelligence firm, Saylor has made his company one of the largest institutional holders of Bitcoin . MicroStrategy currently holds over 124,000 BTC , worth billions of dollars, making Saylor one of the most prominent figures in the crypto space advocating for the integration of Bitcoin into corporate balance sheets. Saylor has frequently argued that Bitcoin offers unparalleled potential as an inflation hedge and an asset that can outperform traditional forms of currency and bonds . His personal and professional investments in Bitcoin serve as a strong endorsement of the asset, and his comment to Bezos reflects his ongoing campaign to persuade other influential figures and companies to consider Bitcoin as a core component of their investment strategy. Jeff Bezos and Bitcoin: A Potential Future? While Jeff Bezos has not publicly commented on Saylor’s suggestion , his response to the wedding rumors makes clear that the $600 million figure is not intended for lavish expenses. However, the conversation has opened the door to speculation about Bezos’ potential involvement in Bitcoin . Bezos, as one of the world’s wealthiest individuals and a pioneer of the e-commerce and tech industries , has the means and the platform to make a significant impact on the cryptocurrency space . While there is no indication that Bezos is currently invested in Bitcoin , the growing adoption of cryptocurrencies among institutional investors and high-net-worth individuals suggests that he may, at some point, consider incorporating Bitcoin into his financial portfolio. Bitcoin as a Strategic Asset for High-Profile Investors Michael Saylor’s comments underscore a larger trend where prominent business leaders, investors, and institutional players are increasingly looking to Bitcoin as a strategic asset. As traditional investment avenues like stocks and bonds face pressures from inflation and monetary policy changes , Bitcoin offers a potential alternative that is more resistant to inflationary pressures and currency devaluation . The idea that $600 million could buy a significant amount of Bitcoin is part of the ongoing conversation about institutional adoption and the growing importance of digital assets in global finance. The question now is how many other business leaders and billionaires will follow Saylor’s lead and begin considering Bitcoin as a cornerstone of their investment strategies . Conclusion: A Playful Yet Powerful Bitcoin Suggestion Michael Saylor’s comment to Jeff Bezos that $600 million could buy a lot of Bitcoin serves as both a playful remark and a reminder of the growing influence of Bitcoin in the financial world. While Bezos may not be planning to invest in Bitcoin anytime soon, Saylor’s advocacy for Bitcoin remains steadfast, and his suggestion to Bezos further highlights the cryptocurrency’s potential as an investment vehicle. As Bitcoin continues to gain recognition as a long-term asset and inflation hedge , it is likely that more business leaders and investors will consider incorporating Bitcoin into their financial portfolios, just as MicroStrategy has done. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.