Altcoin News by Thebittimes.Com

A cryptocurrency trading expert has suggested that the ongoing Bitcoin (BTC) sell-off will likely escalate in the coming weeks, noting that the asset is facing a possible capitulation event . In a TradingView post on August 3, analyst Alan Santana noted that this projection is based on a detailed examination of historical price movements and critical technical indicators, which forewarn investors of significant market turbulence ahead. According to the expert, Bitcoin surged past $70,000 on July 29, 2024, but the euphoria was short-lived. The cryptocurrency couldn’t sustain this price level for even 15 minutes, swiftly falling below the mark and trading below $65,000. This rapid descent indicates overwhelming selling pressure at this price point. Picks for you ChatGPT-4o predicts Cardano (ADA) price for August 31, 2024 ...

Janet Adams, the COO of SingularityNET, said that AGIs falling into the hands of military could pose existential threats to humanity. While the development of artificial general intelligence (AGI) comes with a truckload of benefits, it also comes with massive risks if the technology falls into the wrong hands. However, de centralization using blockchain technology might help prevent a catastrophe, according to Janet Adams, the chief operating officer of the artificial intelligence and Web3-focused project SingularityNET. At the Future Blockchain Summit event in Dubai, Cointelegraph sat down with Adams to learn about the risks of centralization when it comes to AGI and how decentralization holds the key to mitigating these risks. Cointelegraph's Ezra Reguerra with SingularityNET's Janet Adams at the Future Blockchain Summit in Dubai. Source: Ana Solana While AGI is still a conceptual version of AI that allows a machine to learn and think like a human being, its developme...