Joachim Nagel, President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank (ECB), has raised concerns about central banks’ business model. “If part of your core product is loosening attractiveness then you have to think about another new core product,” he stressed. ‘We Need to Speed up on All […]
Bitcoin News
Faisal Al Monai: Convergence of AI and Blockchain Is a Solution to Data Integrity Issues in AI Model Training
The Middle East and North Africa (MENA) lead the world in the adoption of blockchain and cryptocurrencies because governments in the region actively promote digital transformation in their strategic future visions, according to Faisal Al Monai, chairman and co-founder of Droppgroup. This commitment by governments in the region “creates a favourable environment for the growth […]
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NYSE Considers 24-Hour Trading Model in Response to Crypto Market Trends
Cryptocurrency markets operate continuously, trading every day of the week, around the clock. In a similar vein, reports indicate that the New York Stock Exchange (NYSE) is exploring the possibility of shifting to 24/7 operations. The data team at NYSE has conducted a survey among its investors, revealing a strong interest in the availability of […]
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Bitwise President Praises Tether’s Successful Business Model
Teddy Fusaro, president of Bitwise, one of the crypto index fund managers, has praised the business model of Tether, the company behind the largest stablecoin in the crypto market. Fusaro emphasized that Tether obtained net income numbers close to the ones of traditional institutions such as Goldman Sachs and Morgan Stanley in 2023, with a […]
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Brazilian BV Bank Tests Tokenized Model for Vehicle Sales
BV Bank, a Brazilian bank leader in vehicle loans, is running a pilot that uses tokenization to manage vehicle financing and sales operations. The first phase of the tests involves automating consumer-to-consumer vehicle sales processes, including the delivery of tokenized money in exchange for the ownership of the vehicle. Brazilian BV Bank Pilots Tokenization Model […]
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Predicting Bitcoin’s Bull Run Values: Plan B’s S2F Model and Ledn CIO’s $92,000 Target
As bitcoin hovers around the ,000 mark on March 18, 2024, there’s still widespread speculation about the potential for its price to climb even higher. The analyst Plan B continues to shed light on his well-known stock-to-flow (S2F) model, which suggests that “exponential growth” is expected to “continue.” Plan B: ‘S2F = Exponential Growth’ The […]
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$1 Million per BTC by 2033: Predicting Bitcoin’s Price Trajectory Using the Power Law Model
In an era where bitcoin’s value fluctuates wildly, a price model has emerged, offering a mathematical glimpse into its future price. The “Bitcoin Power Law,” suggests an interesting path for bitcoin’s price, rooted in the principles of algebra and natural laws. The model, representing a blend of science and finance, forecasts bitcoin’s journey to unprecedented […]
Bitcoin News
Binance’s Derivatives Arm Launches Tesla Model Y and Bitcoin Voucher Challenge
Binance has announced a competition through its crypto derivatives arm, Binance Futures, offering participants the chance to win a Tesla Model Y. According to the crypto exchange, the contest will unfold over four weekly challenges spanning from Feb. 18 to Mar. 17, 2024. Binance Futures Unveils Tesla Model Y Challenge and Daily Crypto Rewards Beginning […]
Bitcoin News
Bitcoin To $5 Million? S2F Model Predicts When This Will Happen
Using historical and future Bitcoin halving events, the Bitcoin Stock to Flow (S2F) live data chart model has pointed toward a BTC surge to unprecedented highs during the 2028 to 2032 halvings.
Bitcoin To Hit Million After 2028 Halving
Crypto analyst Bit Harington recently shared insights in a post on X (formerly Twitter) about the potential surges in the price of Bitcoin during the next halving stages. Using data from the Bitcoin S2F chart, Harington predicted the price of Bitcoin would reach 0,000 by the fourth halving, which is taking place in April.
His predictions were based on the distinctive trend observed in BTC’s price, where the first to third halving phases exhibited a consistent 10x price increase for each successive halving.
Responding to the post, the creator of the S2F model, Plan B, made a bold prediction, suggesting that the average price of Bitcoin during the 2028 and 2032 halving events could potentially reach an impressive million.
The cryptocurrency has consistently experienced bullish rallies following each halving event, from the first Bitcoin halving in November 2012 to the third in May 2020. Due to this, many investors and crypto analysts foresee a similar surge in BTC’s price during 2024 halving.
These expectations could be attributed to the events that typically occur during a Bitcoin halving event. In each halving phase, BTC mining rewards are cut in half, and the supply of the token is reduced, thereby inducing scarcity and increasing the token’s value.
While these price projections about Bitcoin are made to keep investors alert, it’s important to note that they remain speculations, and models like S2F can be subject to wide margins of error.
Analyst Reveals Key Factors To Consider In 2024 Halving
Another crypto analyst, Ali Martinez, has disclosed four crucial factors to keep in mind as the 2024 April Bitcoin halving approaches. Martinez highlighted the significance of the post-halving price corrections in the 2016 and 2020 Bitcoin halving, emphasizing that BTC declined by 30% to 70% within a month after the halving phases.
He also mentioned BTC’s post-halving rallies, where the cryptocurrency experienced significant surges to 700%, 2,850%, and 11,000%, respectively, during the 2012, 2016, and 2020 halving events. The crypto analyst delved into bull market durations after each halving, which lasted about a year or more.
He concluded his analysis by predicting that the next Bitcoin market top would occur around April or October 2025. At the time of writing, the price of BTC was ,110, according to CoinMarketCap.
WEF Panelists: Blockchain’s ‘Killer Use Case’ Might Be Tracking AI Model Data Bias
Using blockchain to stamp out biases in artificial intelligence models might turn out to be the technology’s “killer user case,” executives attending the World Economic Forum in Davos have said. The blockchain firm Casper Labs and the computer giant IBM have partnered to create an AI data bias tracking system.
Artificial Intelligence Hallucinations
Some of the business executives attending the World Economic Forum (WEF) in Davos have argued that using blockchain to stamp out bias or misinformation in the data used to train artificial intelligence (AI) models could be the technology’s “killer user case.”
According to a report by CNBC, blockchain is now preferred because it allows AI developers to track the data that their respective models are trained on. The blockchain firm Casper Labs and the multinational technology corporation IBM have partnered to create such an AI data-tracking system.
The executives’ call for a blockchain-based tracking system comes at a time when concerns over the potential use of AI models in disseminating false or biased data are growing. One study has suggested that when an AI model produces a skewed perspective on a certain subject, users will continue to replicate this beyond even their interactions with the artificial intelligence model.
However, Medha Parlikar, the chief technology officer and co-founder of Casper Labs, who spoke at a WEF panel discussion, suggested that her firm’s solution is already proving to be useful in tackling the problem of AI bias.
“And so as you use the AI, if it’s learning and you find that the AI is starting to hallucinate, you can actually roll back the AI. And so you can undo some of the learning and go back to a previous version of the AI,” Parlikar said.
Sheila Warren, the CEO of the Crypto Council for Innovation, insisted that an AI tracking solution may be the blockchain’s most consequential use case and one that validates the calls for its wider adoption. She added:
“I actually do think that the verification of an AI and sort of the checks and balances … within an AI system, is going to be blockchain driven and blockchain-backed.”
Do you agree that AI data tracking is potentially the blockchain’s killer use case? Let us know what you think in the comments section below.