Bitcoin has undergone a sharp revision after losing its $115,000 support level, causing a wave of uncertainty across the market. After weeks of consolidation consolidation was consolidated to a tough extent, BTC collapsed, fostering discussion among analysts about the short-term direction of assets. Some experts warn that Bitcoin could drop even further as investors make profits and emotions become more cautious. Others remain more optimistic, suggesting that the amendment is a healthy pause before BTC attempts to regain its all-time high. Related readings Cryptoquant’s important data adds another layer to your analysis. The metric shows that Bitcoin is currently in…
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The European Union’s Artificial Intelligence Act, known as the EU AI Act, has been described by the European Commission as “the world’s first comprehensive AI law.” After years in the making, it is progressively becoming a part of reality for the 450 million people living in the 27 countries that comprise the EU. The EU AI Act, however, is more than a European affair. It applies to companies both local and foreign, and it can affect both providers and deployers of AI systems; the European Commission cites examples of how it would apply to a developer of a CV screening…
OpenAI announced Tuesday the launch of two open-weight AI reasoning models with similar capabilities to its o-series. Both are freely available to download from the online developer platform, Hugging Face, the company said, describing the models as “state-of-the-art” when measured across several benchmarks for comparing open models. The models come in two sizes: a larger and more capable gpt-oss-120b model that can run on a single Nvidia GPU, and a lighter-weight gpt-oss-20b model that can run on a consumer laptop with 16GB of memory. The launch marks OpenAI’s first ‘open’ language model since GPT-2, which was released more than five…
When Cloudflare accused AI search engine Perplexity of stealthily scraping websites on Monday, while ignoring a site’s specific methods to block it, this wasn’t a clear-cut case of an AI web crawler gone wild. Many people came to Perplexity’s defense. They argued that Perplexity accessing sites in defiance of the website owner’s wishes, while controversial, is acceptable. And this is a controversy that will certainly grow as AI agents flood the internet: Should an agent accessing a website on behalf of its user be treated like a bot? Or like a human making the same request? Cloudflare is known for…
Key Takeaways The Michigan retirement fund tripled its ARK Bitcoin ETF holdings to 300,000 shares in Q2. This move shows a significant increase in the fund’s exposure to digital assets like Bitcoin. Share this article The State of Michigan Retirement System, one of the largest public pension funds in the U.S., tripled its stake in the ARK 21Shares Bitcoin ETF (ARKB) during the second quarter, according to a new SEC filing.As of June 30, the fund reported holding 300,000 shares of ARKB, up from 100,000 shares disclosed in April.The State of Michigan Retirement System previously disclosed an acquisition of 460,000…
The AI audio-generation unicorn ElevenLabs announced a new model on Tuesday that allows users to generate music, which it claims is cleared for commercial use. This move marks ElevenLabs’ expansion beyond its main focus thus far in its three years of existence, which has been building AI audio tools. ElevenLabs is a leader among companies making text-to-speech AI products, and it has expanded into conversational bots and tools that translate speech into other languages. Alongside the launch, Eleven Labs shared samples of its AI-generated music. One features a synthetic voice rapping about how it “came up through the cracks with…
TechCrunch Disrupt 2025 marks 20 years of driving the startup world forward — and you’ve got just two days left to join the movement and save up to $675 on your ticket. From October 27–29, Moscone West becomes the home base for over 10,000 movers and makers in the tech world. Join us in San Francisco as we celebrate two decades of startup breakthroughs, VC connections, and industry-shifting ideas. The deadline to lock in savings is August 6 at 11:59 p.m. PT. Don’t wait — register now to save big. Why go to Disrupt 2025? Disrupt is more than a…
Key Takeaways The Bhutan government moved 517 Bitcoin worth $59 million to a new wallet. Bhutan still holds 10,769 Bitcoin valued at $1.2 billion. Share this article The Royal Government of Bhutan moved 517 Bitcoin worth approximately $59 million to a new wallet on Tuesday, according to data from Arkham Intelligence.It remains unclear whether the government intends to cash in on its Bitcoin holdings. In the past, Bhutan’s government has often sold portions of its BTC following major transfers, with the coins typically ending up on Binance.The most recent transfer occurred in mid-July, when 650 BTC, worth roughly $74 million,…
Cardano enters 2025 with quiet strength. After years of deliberate development, the ecosystem is beginning to reveal its potential. The foundations are in place: now comes the time to build on them. As new use cases emerge and key technologies go live, the question is no longer if Cardano will deliver, but how far it can go. Where is Cardano headed? I come from a sacrificed generation.I was born into a middle-class collapsing family, raised to believe in the promise that “hard work will pay off.” But in 2012, someone decided otherwise.Without a vote, without a mandate, a non-elected man in…
When Parthi Duraisamy was a consultant at McKinsey’s Dubai office, he discovered that the American Express cards his company relied on for corporate expenses were rarely accepted in the Middle East. This forced Duraisamy to cover significant travel expenses out of pocket and file endless expense reports. “It was a constant pain,” Duraisamy explained on the call. “I’d spend my weekends uploading receipts, reconciling every expense manually.” Now, Alaan, the company he launched with fellow McKinsey alumnus Karun Kurien, is the Middle East’s leading spend management platform. It just announced that it raised $48 million in Series A funding led…