Just a few days after OpenAI announced its latest version of ChatGPT-4o, Elon Musk’s xAI released an update to its Grok model. The headline-grabbing feature was its AI image generator—based on Flux from Black Forest Labs—and our tests found it to be pretty impressive. Perhaps more impressive, though, were xAI's claims that its brand new LLM, the text-based generative AI chatbot, outperforms Claude 3.5 Sonnet from Anthropic. Claude long dominated the space until recently, and the flip seemed unli...
Stablecoin Regulations Could Pose Problems for Tether, JPMorgan Says; USDT Issuer Claims Sour Grapes
Stablecoin issuer Tether has attracted regulatory scrutiny in the past due to its lack of transparency about the composition of its reserves, the JPMorgan report said.
More Fed officials line up behind September rate cut
(Reuters) -Two more Federal Reserve officials on Thursday gravitated toward an interest rate cut next month as solid economic data prompted financial markets to further scale back bets the U.S. central bank would kick off its monetary easing cycle with a bigger-than-usual reduction in borrowing costs. St. Louis Fed President Alberto Musalem and Atlanta Fed President Raphael Bostic had previously been more wary than many of their colleagues about lowering borrowing costs too soon. Recent data "has bolstered my confidence" that inflation is returning to the central bank's 2% target rate, Musalem said during an event in Louisville, Kentucky.
Crypto for Advisors: Crypto Volatility and Market Conditions
During times of uncertainty, the increased availability and accessibility of an investor’s portfolio can lead to reduced volatility and panic across all asset classes, including crypto-native tokens.
Crypto for Advisors: Crypto Volatility and Market Conditions
During times of uncertainty, the increased availability and accessibility of an investor’s portfolio can lead to reduced volatility and panic across all asset classes, includi...
Crypto Democrats rally behind Harris campaign in push for policy revamp
Billionaire Mark Cuban, Wall Street financier Anthony Scaramucci and congressman Adam Schiff were among a group of cryptocurrency advocates who called on Kamala Harris to reset the Democratic party's policy on digital assets ahead of the November election. On Wednesday night, the new group Crypto4Harris convened its first virtual gathering to discuss how it can support the Vice President's electoral campaign, while also calling for Harris to end the Biden administration's crackdown on the cryptocurrency industry. In a sign of how urgently crypto has become an election issue for Democrats, Senate Majority Leader Chuck Schumer appeared and said he wanted to pass a crypto bill this year, without elaborating.