Silicon Valley leaders warn against US crackdown on AI systems

Restricting AI models could stifle innovation, harm US startups, and shift global AI leadership, impacting economic and technological dynamics. The post Silicon Valley leaders warn against US crackdown on AI systems appeared first on Crypto Briefing.

Clarity Act Sparks Curiosity Among Traders, Says OKX

The Clarity Act has garnered attention from traders as OKX recently commented on its importance. This regulatory framework aims to provide clearer guidelines for cryptocurrency operations in the U.S. The implications of such clarity could significantly impact trading strategies and institutional participation in the crypto market. For more details, see the original tweet from OKX. […]

AI Memory Stocks on Rocky Ground: 3 Reasons SK Hynix Fell 13%

SK Hynix fell near 13% on Tuesday, July 28, in early trading. Samsung Electronics also dropped over 12% as the sell-off swept across Asian markets. The sell-off erased billions in market value across Korea, Japan, and Taiwan in a single session. It extended a broader pullback in AI-linked chipmakers that began after Wall Street’s own […]

$700 Million in Liquidations as BTC, ETH, XRP Plunge Ahead of FOMC

Bitcoin’s Monday rally that drove it to $65,600 on a couple of occasions has come to a screeching halt, as the asset has not only erased all gains but plummeted even more to a ten-day low. Most altcoins have followed suit, which has skyrocketed the daily liquidations to approximately $700 million. BTCUSD July 28. Source: […]

Ethereum Could Hit $20K as Multi-Year BTC Base Completes: Analyst

Pseudonymous trader CrediBULL Crypto is calling for Ethereum (ETH) to reach $20,000 or higher, repeating a target he first laid out three weeks ago when the token was trading near $1,500. According to him, Ethereum is finishing a multi-year base against Bitcoin (BTC) and is about to enter its first bull run since 2017. The […]

TheFCA Obtains Court Order for Victims of Fraudster John Burford

The Financial Conduct Authority (FCA) has successfully secured a confiscation order against convicted fraudster John Burford, allowing victims to recover a significant portion of their investments. Following a £1 million fraud, approximately 70 victims will reclaim 99% of their lost funds, demonstrating the FCA’s commitment to tackling financial crime. For more details, see the official […]