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Formatore,saggista, divulgatore digitale
Buona Festa dell'Immacolata!
#festa #immacolata
Formatore,saggista, divulgatore digitale
Bitcoin's Short-Term Holders Cash In
A recent market report from Bitcoinist.com highlighted that Bitcoin’s short-term holders have recently engaged in a significant profit-taking spree, selling almost $4.5 billion worth in the past four days.Â
Bitcoin's short-term holders are investors who acquired BTC in the last 155 days. This event marks their largest profit-taking since November 2021.Short-term holders, known for their reactive nature to market sentiments, typically respond to fear or hype. The surge in Bitcoin's price to over $41,000 has prompted these holders to capitalize on their gains. Tracking their activity through exchange inflow volumes reveals a spike during the recent rally, indicating substantial deposits to centralized exchanges. While not all deposits imply selling, the $4.5 billion influx suggests a notable profit-taking trend.Despite the potential market slowdown, Bitcoin has sustained its upward momentum, currently hovering around $41,900, reflecting robust demand amid the ongoing sell-off.Â
This positive resilience bodes well for the sustainability of the current rally.Key Crypto Advocate Rep. Retires After 20 Years in CongressCrypto advocate Rep. Patrick McHenry, Chair of the House Financial Services Committee, has declared his retirement, concluding a significant 20-year congressional tenure. McHenry, a key figure in shaping cryptocurrency legislation, won't seek reelection, leaving his post in January 2025.Â
His impact on crypto regulations and pursuit of regulatory clarity has been instrumental, guiding legislation to integrate digital assets into the regulatory framework.McHenry's departure comes at a crucial juncture for the crypto industry seeking stability. Known for bipartisan leadership, his interim role as speaker demonstrated adeptness in navigating party divisions. Industry leaders like Sheila Warren commend his balanced approach to financial innovation and regulation. As the 2024 elections approach, McHenry's retirement adds a layer to the evolving political landscape, highlighting the increasing focus on cryptocurrency in political campaigns.
Singapore Launches National AI Strategy 2.0Singapore has unveiled its National AI Strategy 2.0, led by Deputy Prime Minister Lawrence Wong, with a vision to solidify its global AI hub status. The ambitious plan aims to triple its AI experts to 15,000 in the next three to five years, blending local talent development with global recruitment.Â
The strategy focuses on government incentives, particularly supporting AI startups through accelerator programs and encouraging the establishment of AI centers of excellence. Singapore will strengthen its high-performance computing resources through collaborations with chipmakers and cloud providers, ensuring a robust foundation for AI research.
The $52 million National Multimodal LLM Programme aims to advance diverse text-to-speech or text-to-image generative systems. Emphasizing inclusivity, Singapore plans to develop an AI model reflecting Southeast Asia's languages and cultures, showcasing a commitment to responsible AI development. The comprehensive roadmap positions Singapore as a key player in shaping the future of artificial intelligence.