The news of a tentative debt ceiling deal bolstered Bitcoin’s price above $28,000, but higher levels continue to attract selling from the bears.
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Texas legislative session winds down with crypto bills still in limbo
State lawmakers passed a proof-of-reserves bill and legislation covering crypto firms’ usage of flare gas, both awaiting Texas Gov. Greg Abbott's approval or veto as of May 29.
The EU is watching your wallet, but it still beats the US for crypto
Europe is requiring crypto wallet providers to track every move you make, but companies should still consider the region for its regulatory clarity.
Russia scraps plans for a national cryptocurrency exchange
Russia will continue to create new crypto platforms in response to sanctions, State Duma official Anatoly Aksakov said.
Russia scraps plans for a national cryptocurrency exchange
Russia will continue to create new crypto platforms in response to sanctions, State Duma official Anatoly Aksakov said.
Bitcoin erodes 4% gains as BTC price downside targets stretch to $23K
A spike above $28,000 begins to fade as the new week begins, while a U.S. holiday means no external BTC price triggers from equities.
Bitcoin erodes 4% gains as BTC price downside targets stretch to $23K
A spike above $28,000 begins to fade as the new week begins, while a U.S. holiday means no external BTC price triggers from equities.
AI Eye: 25K traders bet on ChatGPT’s stock picks, AI sucks at dice throws, and more
ChatGPT always rolls a 4 but tens of thousands of traders are betting millions on its stock picks, AI expands classic album covers, and more.
AI Eye: 25K traders bet on ChatGPT’s stock picks, AI sucks at dice throws, and more
Almost 25,000 investors have signed up to trade alongside ChatGPT as they follow the GPT Portfolio experiment from copy trading firm Autopilot.
The traders have bet a combined $14.7 million on the AI’s stock picks, which would average about $600 each if they all invested after signing up. They’re hoping to take even a small slice of a purported 500% return from one of the strategies backtested in academic research.
The GPT Portfolio gets the AI to analyze 10,000 news articles and 100 company reports to select 20 stocks for the $50,000 portfolio, updated each week. The initial picks included Berkshire Hathaway, Amazon, D.R. Horton and Davita Health. After two weeks, the portfolio is up around 2%, which is pretty much the same as the stock market.
Interestingly the bottom five picks lost more in percentage terms than the top five gained — Dollar Tree lost 17% after it missed earnings — so it might be more sensible in future to only invest in GPT-4’s best five or 10 ideas, but we’ll see how it works out.
The smaller-scale ChatGPT Crypto Trader account is tweaking a similar strategy that gets GPT-4s advice on when to go long on Ethereum. He says it shows a profit of 11,000% backtested to August 2017, but in the real-world experiment since January, the portfolio is up by a third, while the Ethereum price has gained 60%.
AI Eye: 25K traders bet on ChatGPT’s stock picks, AI sucks at dice throws, and more
Almost 25,000 investors have signed up to trade alongside ChatGPT as they follow the GPT Portfolio experiment from copy trading firm Autopilot.
The traders have bet a combined $14.7 million on the AI’s stock picks, which would average about $600 each if they all invested after signing up. They’re hoping to take even a small slice of a purported 500% return from one of the strategies backtested in academic research.
The GPT Portfolio gets the AI to analyze 10,000 news articles and 100 company reports to select 20 stocks for the $50,000 portfolio, updated each week. The initial picks included Berkshire Hathaway, Amazon, D.R. Horton and Davita Health. After two weeks, the portfolio is up around 2%, which is pretty much the same as the stock market.
Interestingly the bottom five picks lost more in percentage terms than the top five gained — Dollar Tree lost 17% after it missed earnings — so it might be more sensible in future to only invest in GPT-4’s best five or 10 ideas, but we’ll see how it works out.
The smaller-scale ChatGPT Crypto Trader account is tweaking a similar strategy that gets GPT-4s advice on when to go long on Ethereum. He says it shows a profit of 11,000% backtested to August 2017, but in the real-world experiment since January, the portfolio is up by a third, while the Ethereum price has gained 60%.
AI Eye: 25K traders bet on ChatGPT’s stock picks, AI sucks at dice throws, and more
ChatGPT always rolls a 4 but tens of thousands of traders are betting millions on its stock picks, AI expands classic album covers, and more.
AI Eye: 25K traders bet on ChatGPT’s stock picks, AI sucks at dice throws, and more
ChatGPT always rolls a 4 but tens of thousands of traders are betting millions on its stock picks, AI expands classic album covers, and more.
AI Eye: 25K traders bet on ChatGPT’s stock picks, AI sucks at dice throws, and more
ChatGPT always rolls a 4 but tens of thousands of traders are betting millions on its stock picks, AI expands classic album covers, and more.
AI Eye: 25K traders bet on ChatGPT’s stock picks, AI sucks at dice throws, and more
ChatGPT always rolls a 4 but tens of thousands of traders are betting millions on its stock picks, AI expands classic album covers, and more.
Ledger CEO says crypto key recovery service makes self-custody easier
Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives.
Ledger CEO says crypto key recovery service makes self-custody easier
Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives.
Ledger CEO says crypto key recovery service makes self-custody easier
Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives.
Tourists are unhappy with crypto payments ban in Bali
The community expressed a range of opinions, with some individuals stating that the ban is reasonable, while others went as far as reconsidering their vacation plans.
Bybit gets pre-approval in Kazakhstan as crypto custody service provider
The cryptocurrency exchange received “in-principle” approval to begin operations in Kazakhstan at the Astana International Financial Centre.
Mining difficulty passes 50 trillion — 5 things to know in Bitcoin this week
Bitcoin fundamentals are blasting ahead as May comes to an end, while traders remain torn over BTC price strength.