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FXstreet
FXstreet
BlackRock ousting MicroStrategy as largest BTC holder is a matter of when, not if, ETF expert says
about 1 month ago
U.Today
U.Today
VIKAS JANGRA
VIKAS JANGRA
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Solana Price Prediction Hints Last Pullback Before $SOL Reclaims $150 Solana, the fifth largest crypto, is currently in a correction phase within a falling channel, testing the 50-day EMA. Supported by a strong trendline, Fibonacci levels, and EMAs, there's potential for a bullish reversal. Key points: 1️⃣ Short correction sets the stage for a bullish breakout. 2️⃣ Flag pattern suggests a temporary correction. 3️⃣ Positive alignment in daily EMAs signals ongoing bullish sentiment. 4️⃣ 24-hour trading volume at $2.58 Billion, reflecting a 2% loss. 📉 Recent weeks saw a 25% drop due to overhead supply at $127. The falling channel pattern indicates a third drop, but buyers are absorbing supply under $90, increasing the chance of a bullish reversal. 📊 Correction retests the 38.20% Fibonacci level, accompanied by lower trading volume. Lack of selling pressure boosts chances of buyers regaining control. 🔮 Potential bounce back may challenge overhead resistance trendline. Levels to watch: - Break above $100: Faces resistance at $120 and $150. - Correction below 38.20% Fibonacci: Downfall to $72. 📈 Factors supporting bullish outlook: 1️⃣ Daily RSI resists dropping below 50%, reflecting a bullish fightback. 2️⃣ 50-day EMA provides dynamic support, coinciding with the 38.20% Fib level. 🌐 Related articles discuss Solana's impact, including ousting XRP from HKVAC Top 5 Crypto Index and unveiling a 2024 roadmap. Bullish patterns hint at a potential breakout rally to $165. Stay tuned for updates as Solana navigates this crucial phase! #Solana #CryptoUpdate #BullishTrend #Solana -SOL #TradeOpportunity

about 2 months ago
PC
Przemek Chojecki
Cryptopolitan
Cryptopolitan
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As Russian President Vladimir Putin gears up for another potential six-year term following the March election, a victory largely perceived as inevitable, he faces a labyrinth of economic challenges. His re-election would not only continue his long-standing tenure but also bring to the forefront several critical economic hurdles that need urgent attention. Persisting Ukraine Conflict and Its Economic Implications The war in Ukraine, now lingering past 21 months, has placed Russia in a strategic yet strenuous position. Despite controlling over a sixth of Ukraine’s territory, the conflict has stagnated into a war of attrition with no significant shifts in the frontline. Putin’s initial ambitions of capturing Kyiv and ousting the Ukrainian leadership have evolved into a more complex scenario, with partial control over four declared Russian territories in Ukraine. Analysts speculate on Putin’s long game, considering whether he expects the West’s support for Ukraine to wane, especially in light of potential political shifts in the U.S. presidency next year. The choice Putin faces is stark: further escalation through additional mobilization, despite the first wave’s unpopularity and chaos, or settling into a ‘frozen conflict,’ maintaining a grip over southern and eastern Ukraine indefinitely. Shifting Foreign Policy and Nuclear Posturing Putin’s decision to wage war in Ukraine has drastically transformed Russia’s international relations, especially with Western countries. In response, Putin has sought closer ties with China and India, aiming to create a “multipolar world” and reduce U.S. global dominance. His meetings with leaders from North Korea and Iran, countries known for their antagonism towards the U.S., highlight this shift. A new term for Putin would likely see an intensified focus on strengthening Russia’s alliances, particularly within the BRICS group, expanding beyond trade to areas like space cooperation and cultural exchanges. Another significant challenge for Putin is the management of Russia’s nuclear arsenal. With conventional forces stretched thin in Ukraine, Putin has frequently emphasized Russia’s nuclear capabilities. The possibility of resuming nuclear testing, which hasn’t occurred since 1990, looms, though Russia insists it will only do so if the U.S. tests first. This stance complicates the prospects of extending or replacing the New START treaty, the last nuclear arms control pact between Russia and the U.S., set to expire in 2026. Economic Realities: Trade, Energy, and Domestic Concerns The ongoing war has cost Russia its substantial energy market in Europe. To counteract this, Moscow is banking on three major projects: a new gas hub in Turkey, the Power of Siberia 2 pipeline to China, and the expansion of the Northern Sea Route, facilitated by melting Arctic ice. These projects will be crucial in mitigating the impact of Western sanctions and pivoting Russian trade eastwards. On the home front, Putin prides himself on Russia’s resilience against Western sanctions. While the GDP showed a 5% year-on-year increase in October, this growth is primarily attributed to a surge in military production. Defense and security are expected to consume about 40% of the next year’s budget, potentially overshadowing other vital sectors like education and health. Additionally, the exodus of skilled professionals and IT experts since the war’s onset has resulted in labor shortages in key industries. Inflation hovers above 7%, and interest rates are at a daunting 15%. Putin’s challenge will be to prevent further erosion of living standards, a cornerstone of his appeal to the Russian populace. At 71, Putin’s next term would see him at 77, younger than U.S. President Joe Biden at his inauguration. However, age is also a factor for key figures in Putin’s circle, raising questions about potential leadership renewal. Watchful eyes are on younger leaders like parliament speaker Vyacheslav Volodin and agriculture minister Dmitry Patrushev, who might bring fresh perspectives to Russia’s economic and political strategies.

3 months ago
Cryptopolitan
Cryptopolitan
followers

In a turn of events, the rollercoaster saga at OpenAI has taken a new twist as co-founder Sam Altman officially resumes the role of chief executive. The announcement comes in the aftermath of a tumultuous week that witnessed Altman’s ousting, his impending move to Microsoft, and an eventual return, leading to a significant reshuffling of OpenAI’s board. Notably, Microsoft secures a non-voting seat on the board in this transformative deal, solidifying its ties with the influential AI startup. Sam Altman’s resilient return and board dynamics unveiled Amidst the rollercoaster of events, the official return of Sam Altman as OpenAI’s CEO marks a pivotal moment for the company. After initially facing a board-led ousting and a subsequent attempt to join Microsoft, Altman is back at the helm. The saga unfolded before Thanksgiving, with a staff revolt adding to the corporate drama. In a notable deal, the board was reshuffled, and Altman’s return was confirmed on Wednesday. As Altman reassumes leadership, Microsoft makes a strategic move, securing a non-voting seat on OpenAI’s board. Being a major investor in the AI startup, this development cements Microsoft’s influence within the company. Altman, in a blog post, acknowledges the significance of this collaboration, expressing his excitement about the future and gratitude for navigating through the unclear and unprecedented situation. The reshuffling of OpenAI’s board brings back familiar faces to key positions. Mira Murati, who briefly served as interim CEO, returns to her role as chief technology officer, while Greg Brockman reclaims the position of president. The new board lineup features notable figures such as former Salesforce CEO Bret Taylor, former Treasury Secretary Larry Summers, and Quora CEO Adam D’Angelo. The board restructuring sees the departure of co-founder Ilya Sutskever, who initially voted to oust Altman but later supported his return. Altman, acknowledging the situation, expresses no ill will towards Sutskever and hints at a potential ongoing collaboration. Also, independent board members Helen Toner and Tasha McCauley exit as part of the deal that facilitated Altman’s return. OpenAI’s strategic blueprint – Altman’s vision and governance revolution Altman outlines his priorities moving forward, emphasizing a commitment to further research, increased investment in AI safety efforts, and the continuous improvement of OpenAI’s products. The CEO, alongside the newly configured board, aims to build a more diverse perspective within the organization, enhance governance structures, and conduct an independent review of recent events to ensure transparency and trust. Board chair Bret Taylor, in a blog post, sheds light on the steps to enhance OpenAI’s corporate governance. The focus is on building a qualified, diverse board comprising individuals with exceptional expertise aligning with OpenAI’s mission. Taylor emphasizes the necessity to “enhance” governance structures, fostering trust among stakeholders and ensuring OpenAI’s continued success. As OpenAI navigates this period of transition, the return of Sam Altman and the strategic collaboration with Microsoft shape a new trajectory for the company. The board reshuffle and commitment to diverse perspectives signal a commitment to strengthening governance. Yet, amidst these changes, questions linger about the future dynamics within OpenAI. How will the collaboration with Microsoft unfold, and what impact will Altman’s return have on the company’s trajectory? Only time will reveal the answers, but one thing is certain—the landscape of OpenAI is evolving, and the implications are bound to be profound.

3 months ago
Cryptopolitan
Cryptopolitan
followers

In a significant move, OpenAI, the leading artificial intelligence (AI) research organization, has revamped its board of directors without extending invitations to its biggest investors, including tech giant Microsoft, Thrive Capital, and Khosla Ventures. New board composition OpenAI recently reinstated co-founder and CEO Sam Altman to the helm of the organization after a controversial ousting by the previous board. The reconstitution of the board saw the appointment of high-profile individuals, including former US Treasury Secretary Larry Summers, former Salesforce co-CEO Bret Taylor, and Quora founder Adam D’Angelo.  These new members have assumed critical roles in shaping the direction of OpenAI, notably without representation from its most substantial financial supporters. Microsoft’s significant backing Microsoft, a tech industry giant, stands out as OpenAI’s most prominent backer, having invested over $10 billion in the organization. Khosla Ventures was an early investor, while Thrive Capital led a recent funding round that valued OpenAI at an impressive $80 billion. The board’s decision to exclude these influential investors signals a shift in focus towards OpenAI’s core mission—developing AI for the benefit of humanity—rather than prioritizing financial interests. OpenAI has been at the forefront of AI research, with its employees claiming significant advancements in the field. However, concerns about the safety of AI technology have surfaced. While details of these safety concerns remain undisclosed, OpenAI researchers have reportedly voiced apprehensions about the potency and potential risks associated with AI. Analysts weigh in The decision to exclude key backers like Microsoft from the board has prompted mixed reactions among industry analysts. Some argue that this move could be shortsighted, as Microsoft’s substantial financial support would naturally warrant a say in OpenAI’s strategic direction.  Moreover, OpenAI’s unique structure, operating as a non-profit overseeing a for-profit entity, may face challenges without input from commercial stakeholders. Microsoft’s interest in OpenAI’s governance has been evident, with Microsoft CEO Satya Nadella expressing a desire for a seat on the board. In a recent statement, Nadella emphasized Microsoft’s commitment to its partnership with OpenAI and hinted at the importance of OpenAI’s leadership in determining the future of their collaboration. Microsoft has also taken steps to bolster its AI capabilities by hiring several former OpenAI employees to form a new AI team within the company. In response to inquiries about the revamped OpenAI board, a Microsoft spokesperson maintained that they would await an official statement from the board. This development leaves room for potential future collaboration discussions and highlights the importance of transparent communication between OpenAI and its significant stakeholders.

3 months ago
Cryptopolitan
Cryptopolitan
followers

In a turn of events surrounding the recent turmoil within OpenAI’s leadership, Geoff Lewis, founder of Bedrock Capital and an investor in the organization, has ignited controversy by casting doubts on the patriotism of a former OpenAI board member, Helen Toner. Without providing concrete evidence, Lewis speculates on Toner’s potential affiliation with the Chinese Communist Party, diverting attention from the intricate power dynamics that led to the temporary removal of former CEO Sam Altman. Geoff Lewis’s speculative remarks took center stage during a Monday appearance on CNBC’s “Squawk Box.” In a conversation with CNBC’s Rebecca Quick, Lewis suggested that the ousting of Altman was merely a “classic human power struggle” while insinuating a deeper concern about Toner’s background. Lewis, known for his previous comments critical of China, questioned whether Toner could be an undisclosed “agent of the Chinese Communist Party,” leaving the audience to ponder the implications of such a claim. Examining Toner’s background Rather than engaging in a discourse on Altman’s removal, Lewis emphasized the importance of scrutinizing Toner’s history. Acknowledging Toner as a “lovely human being,” Lewis expressed curiosity about her potential ties to the Chinese Communist Party. Toner’s brief stint in Beijing as a research affiliate of Oxford University’s Center for the Governance of AI became a focal point, although there is no substantial evidence linking her to the political entity. It’s crucial to note that Toner has been vocal in her criticism of China’s approach to AI development. In an essay published in Foreign Affairs, she highlighted the country’s reliance on Western innovations and English language models, arguing against the notion that China is poised to surpass the US in AI innovation. Lewis’s controversial track record Geoff Lewis’s history of expressing concerns about China adds a layer of complexity to his speculative remarks. From suggesting China’s influence on US social media through TikTok to implying potential risks posed by China in a discussion about his investment in a defense contractor, Lewis has been consistent in his skepticism towards the Chinese government. Despite Toner’s track record of criticism against China’s AI practices, Lewis’s unsubstantiated questions raise eyebrows, especially considering the lack of evidence connecting Toner to the Chinese Communist Party. The fallout and OpenAI board restructuring The removal of Altman as CEO initially sparked rumors about concerns related to the safe development of AI. Yet, internal OpenAI communications, as reported by Business Insider, indicated that his dismissal was unrelated to any malfeasance or issues within the realms of finance, business, safety, or security/privacy practices. Toner, along with Tasha McCauley, the only two female board members, faced intense social media backlash following Altman’s departure. Their votes against Altman’s reinstatement led to their removal from the board, prompting the reshaping of OpenAI’s leadership. Negotiations are currently underway to determine the composition of the new nine-person OpenAI board, with major investor Microsoft vying for a prominent role. As OpenAI navigates the aftermath of leadership changes, the spotlight on Geoff Lewis’s speculative questioning of Helen Toner’s alleged ties to the Chinese Communist Party adds a layer of complexity to an already intricate situation. Without concrete evidence, these allegations raise concerns about the motives behind diverting attention from the initial focus on Altman’s removal. As discussions on the new OpenAI board configuration unfold, the question lingers: Is Lewis’s speculation a genuine concern or a strategic move in the evolving narrative surrounding OpenAI’s leadership struggles?

3 months ago

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