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Germany transfers another 1000 BTC, markets suffer negative hit
Germany transfers another 1000 BTC, markets suffer negative hit

Share link:In this post: Arkham Intelligence on-chain data shows that the German government moved 1000 BTC to Coinbase, Bitstamp, and other unknown addresses. Since July 6, Germany’s BTC outflow has been over 4000 BTC worth over $229 million, with its account now holding 35,446 BTC. Germany’s BTC inflows and outflows are causing crypto market turbulence, leading to price fluctuations and market uncertainty.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for

Cryptopolitan·2024/07/09 01:37
Bitcoin stands strong in face of nearly $1 billion German liquidation
Bitcoin stands strong in face of nearly $1 billion German liquidation

Share link:In this post: Germany liquidated $950m in only twenty-four hours, but Bitcoin’s price did not tumble. Bitcoin has managed to stabilize above $56,000, with minor bullish signals from technical indicators.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decis

Cryptopolitan·2024/07/09 01:37
Bitcoin Outlook for Q4 2024: Analyst Look at Historical Price Patterns
Bitcoin Outlook for Q4 2024: Analyst Look at Historical Price Patterns

A Bitcoin and crypto market summer crash is nothing new, in fact, it has happened several times before leading analysts to look at previous years in an effort to predict what will happen later this year.

Cryptopotato·2024/07/09 01:16
TeraWulf chooses BTC mining profitability over expansion in M&A
TeraWulf chooses BTC mining profitability over expansion in M&A

Share link:In this post: Bitcoin mining firm TeraWulf is open to mergers as long as they increase BTC mining profitability instead of focusing on expansion. TeraWulf mentioned that its primary purpose was to provide stakeholders with sustainable returns. A February Galaxy Digital report suggested that mining firms may consider mergers and acquisitions to manage high BTC mining power costs.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments ma

Cryptopolitan·2024/07/08 23:29
Flash
04:20
AI wealth is not achieved by one’s efforts alone—Korean Minister of Labor urges tech giants to share excess profits
Jin Rongxun stated in a media interview that, given the contributions of suppliers, subcontractors, and employees to enterprise growth, companies like Samsung Electronics, which have exceeded profit targets, should consider sharing the excess earnings with them after deducting taxes. He said that the Korean government, enterprises, labor unions, and suppliers should engage in open dialogue about how to share such "excess profits" and how to narrow the gap between large conglomerates and small suppliers.
04:19
Market Analysis: U.S. Non-Farm Employment Growth Expected to Slow in May, Yet Remains Robust
On June 5, following two months of strong growth, U.S. employment growth in May is expected to slow down, but still aligns with the stable conditions of the labor market. Economists anticipate that the highly anticipated employment report from the Labor Department, to be released on Friday, will confirm that while conflicts in the Middle East have driven up oil prices and fueled inflation, they have yet to have a substantial impact on the job market. They noted that fiscal stimulus measures, reflected in tax refunds and tariff rebates, have boosted corporate profits, allowing companies to avoid large-scale layoffs. A Reuters survey shows that economists expect non-farm payrolls to increase by 85,000 in May, following an increase of 115,000 in April, with estimates ranging from 50,000 to 125,000. The expected growth in May remains above the average monthly level of 76,000 so far this year. Economists also believe that there is limited room for significant revisions to historical employment data following updates to the 'birth-death' model used by the U.S. Bureau of Labor Statistics to estimate employment changes due to business openings or closures.
04:14
On one hand, conducting a high-profile fundraising for its IPO, while on the other hand, proposing to halt AI development: Anthropic is just playing it safe with PR.
According to Dongcha Beating monitoring, Anthropic, in its report "When AI Builds Itself," proposes establishing a "verifiable coordinated pause mechanism" globally based on the Nuclear Arms Control Intermediate-Range Nuclear Forces Treaty. The report explicitly opposes unilateral suspension of development and emphasizes that only under globally verifiable conditions can cutting-edge labs synchronize the brakes.However, technically, coordinated braking is fundamentally unworkable. While nuclear arms control can rely on satellites watching missile silos, GPUs are small in size, easy to conceal, and capable of distributed computing. To verify whether others are secretly training, the only way is to implement invasive monitoring of all GPUs, power grids, and data centers worldwide. Comprehensive monitoring is not only impractical politically but also equivalent to advocating for computational power authoritarianism.Against the backdrop of unattainable technical verification, the proposal for a coordinated pause seems more like a "safety disclaimer." Just on the eve of releasing the report, Anthropic, with a valuation of nearly a trillion dollars, completed a $65 billion financing round and filed for an IPO. Anthropic sets the braking condition as a globally unattainable verification, paving the way for its own indefinitely training while also passing on the responsibility for unstoppable development to a yet-to-be-established regulatory mechanism.
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