🧠 Bill Gates says OpenAI's GPT is the most important advance in technology since 1980
Microsoft co-founder Bill Gates says that OpenAI’s GPT AI model is the most revolutionary advance in technology since he first saw a modern graphical desktop environment (GUI) in 1980.
Before that, people used their computers through a command line. Gates took the “GUI” technology and based Windows around it, creating a modern-day software juggernaut.
Now, Gates sees parallels with OpenAI’s GPT models, which can write text that resembles human output and generate nearly usable computer code.
“The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone. It will change the way people work, learn, travel, get health care, and communicate with each other. Entire industries will reorient around it. Businesses will distinguish themselves by how well they use it”.
@DeCenterOrg
💳 Mastercard to settle transactions for stablecoin wallet in APAC
Mastercard and Stables on March 20 announced a collaboration to allow retail customers in the Asia-Pacific (APAC) region to spend their stablecoins anywhere Mastercard is accepted.
The collaboration involves a stablecoin-only wallet built by Stables, coming with a payment card supported by Mastercard. The payment card enables users to save and spend the USD Coin stablecoin by converting the digital currency into fiat and settling on Mastercard’s network. The card will be accessible through the Stables digital application via mobile wallets.
@DeCenterOrg
🇸🇻 El Salvador’s Bitcoin Office has announced a new six month educational program entitled “CUBO+” that aims to produce elite-level Bitcoin and Lighting developers through the Salvadoran university system.
@DeCenterOrg
🇪🇺 Self-hosted wallet ban avoided in new draft of EU’s anti-money laundering bill.
@DeCenterOrg
🇰🇵 The Moscow bureau of Interpol detained a British national charged by the United States Department of Justice (DoJ).
The man is accused of conspiring to violate U.S. sanctions on North Korea.
In April 2022, alongside Spanish national Alejandro Cao De Benos, Emms allegedly provided instructions to North Korea on how it could use blockchain and cryptocurrency to launder money and evade sanctions.
@DeCenterOrg
🏡 Subscribe to the channel. Be the first to know when games are released on the platform @metagarden
🪙 Want to be a project Miner?
Hurry, places are limited.
Find out more here https://honee.app/metagarden/mining-spots
🇺🇸 Kentucky to scrutinize contracts offering cheaper electricity to miners
According to a Dec. 5 statement from environmental law group Earthjustice, the government department would be looking to determine whether subsidizing crypto mining operations will raise electricity costs for Kentucky residents.
The two mining contracts under investigation include one between Kentucky Power and Ebon International LLC, which runs a 250-megawatt mining facility in Louisa, as well as mining company Bitki-KY, which operates a 13-megawatt facility in Waverly, Kentucky.
The contract proposes to give discounted electricity rates to the Ebon Facility, while the Bitki-KY has already received a $250 000 tax credit from the state of Kentucky after the passing of a Kentucky tax break bill for local crypto miners.
@DeCenterOrg
🚫 Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse
The lending arm of crypto investment bank Genesis Global Trading is temporarily suspending redemptions and new loan originations in the wake of FTX’s collapse, Interim CEO Derar Islim told customers on a call Wednesday.
The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022, according to the company’s website.
Genesis Trading, which acts as Genesis Global Capital’s broker/dealer, is independently capitalized and operated separately from that lending unit, Islim said. He added that Genesis’ trading and custody services remain fully operational.
@DeCenterOrg
🔥 Binance Buying FTX
Cryptocurrency exchange Binance has signed a non-binding letter of intent (LOI), intending to fully acquire the FTX exchange.
This will help to solve FTX's liquidity crunch, according to Binance CEO Changpeng Zhao.
FTX boss Sam Bankman-Fried says that things have now come "full circle" given that Binance will be the exchange's first and last investor.
The terms of the deal have not been disclosed. Binance can withdraw from the deal "at any time."
@DeCenterOrg
🇻🇳 A remarkable scene in Vietnam: a street vendor offers GPUs per kilo as if they were vegetables.
@DeCenterOrg
🇨🇷 Costa Rica could be one of the next countries to adopt bitcoin as a regulated payment method. This week, Congresswoman Johana Obando introduced a bill to allow bitcoin and other cryptocurrencies to serve as a form of payment. The bill also proposes that traditional banking institutions be able to serve as crypto exchanges, including custody and wallet services for their customers.
@DeCenterOrg
🇺🇸 The Economic Report of the President, released March 20, marks the first time the White House has included a section on digital assets since it first began issuing the annual economic policy report in 1950.
Co-founder of digital asset investment firm Paradigm, Fred Ehrsam, remarked that 15% of the Economic Report was dedicated to «crypto FUD».
The report includes 35 pages dedicated to debunking the «Perceived Appeal of Crypto Assets» along with a short section on the FedNow payment system and central bank digital currencies (CBDCs).
The report’s main argument is that crypto assets fail to deliver on their «touted» benefits, such as improving payment systems, financial inclusion, and creating mechanisms to transfer value and intellectual property.
@DeCenterOrg
🇨🇭 UBS Group agrees to $3.25B ‘emergency rescue’ of Credit Suisse
UBS Group has agreed to buy its ailing competitor Credit Suisse for $3.25 billion on March 19 as part of an “emergency ordinance” to prevent financial market instability. That’s still a deep discount to Credit Suisse’s March 17 market capitalization of 7.5 billion francs, or $8 billion.
Also, as part of the deal, the Swiss National Bank has committed to providing over $100 billion in liquidity to UBS, according to reports.
@DeCenterOrg
🇺🇸 The US Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week.
$152.85 billion in borrowing from the discount window — the traditional liquidity backstop for banks — in the week ended March 15, a record high, up from $4.58 billion the previous week.
The prior all-time high was $111 billion reached during the 2008 financial crisis.
@DeCenterOrg
💡 Euro-backed stablecoin, Euro Coin set to trade on Coinbase.
IEX taps Coinbase as potential partner for regulated crypto exchange.
Coinbase Q4 revenue beats expectations, but transaction volume falls 12% from Q3.
@DeCenterOrg
🇨🇳 Hong Kong’s crypto ambition gets subtle nod from Beijing
Hong Kong’s ambition of becoming a cryptocurrency hub is reportedly seeing subtle support from the Chinese government, in what could be seen as a contrast to the mainland’s hard-line anti-crypto stance.
In October last year, the government of Hong Kong floated the idea of introducing its own bill to regulate crypto and allow retail investors to “directly invest into virtual assets” that could possibly be in contrast to China’s widespread crypto ban.
According to people familiar with the matter, Beijing officials have not been brazenly opposed to the idea. According to a Feb. 20 Bloomberg report, it is understood that representatives from the China Liaison Office have been frequenting Hong Kong crypto gatherings seeking to understand what’s going on.
@DeCenterOrg
🔥 Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest.
@DeCenterOrg
🔸 BNB Game - The decentralized BNB game built on a smart contract 🔸
The player activates one level in order to earn income. When a level is activated, the player occupies the last line in the level chain.
The game has 10 levels that open on schedule.
Start making a profit by opening a level. The more level you open, more profit you will get !!
💰 Base level income 74% for each cycle.
💰 Additional bonuses up to 26% from spouses up to 3rd generation.
📢 The announcement will be in a few days in the telegram channel.
JOIN US and get NFT as a gift. 🎁
About us | Website | Channel | Community Group | Twitter
🥉 Binance CEO Zhao Considering Buying Banks
Binance founder and CEO Changpeng Zhao is looking into potentially buying banks as a way of bridging the gap between the worlds of traditional finance and crypto, according to an interview Zhao did with Bloomberg at the Web Summit conference in Lisbon.
Zhao did not name any specific targets, and also said he's open to either minority investments or a full acquisition.
«There are people who hold certain types of local licenses, traditional banking, payment-service providers, even banks. We’re looking at those things».
@DeCenterOrg
⏳ 14 years ago today, Satoshi Nakamoto published the Bitcoin Whitepaper.
@DeCenterOrg