Connect with us

Business

Amazon races to transplant Alexa’s ‘brain’ with generative AI

Published

on

Amazon is gearing up to relaunch its Alexa voice-powered digital assistant as an artificial intelligence “agent” that can complete practical tasks, as the tech group races to resolve the challenges that have dogged the system’s AI overhaul.

The $2.4tn company has for the past two years sought to redesign Alexa, its conversational system embedded within 500mn consumer devices worldwide, so the software’s “brain” is transplanted with generative AI. 

Rohit Prasad, who leads the artificial general intelligence (AGI) team at Amazon, told the Financial Times the voice assistant still needed to surmount several technical hurdles before the rollout.

This includes solving the problem of “hallucinations” or fabricated answers, its response speed or “latency”, and reliability. “Hallucinations have to be close to zero,” said Prasad. “It’s still an open problem in the industry, but we are working extremely hard on it.” 

The vision of Amazon’s leaders is to transform Alexa, which is currently still used for a narrow set of simple tasks such as playing music and setting alarms, to an “agentic” product that acts as a personalised concierge. This could include anything from suggesting restaurants to configuring the lights in the bedroom based on a person’s sleep cycles.

Alexa’s redesign has been in train since the launch of OpenAI’s ChatGPT, backed by Microsoft, in late 2022. While Microsoft, Google, Meta and others have quickly embedded generative AI into their computing platforms and enhanced their software services, critics have questioned whether Amazon can resolve its technical and organisational struggles in time to compete with its rivals.

According to multiple staffers who have worked on Amazon’s voice assistant teams in recent years, its effort has been beset with complications and follows years of AI research and development.

Several former workers said the long wait for a rollout was largely due to the unexpected difficulties involved in switching and combining the simpler, predefined algorithms Alexa was built on, with more powerful but unpredictable large language models. 

In response, Amazon said it was “working hard to enable even more proactive and capable assistance” of its voice assistant. It added that a technical implementation of this scale, into a live service and suite of devices used by customers around the world, was unprecedented, and not as simple as overlaying a LLM on to the Alexa service.

Prasad, the former chief architect of Alexa, said last month’s release of the company’s in-house Amazon Nova models — led by his AGI team — was in part motivated by the specific needs for optimum speed, cost and reliability, in order to help AI applications such as Alexa “get to that last mile, which is really hard”. 

To operate as an agent, Alexa’s “brain” has to be able to call hundreds of third-party software and services, Prasad said.

“Sometimes we underestimate how many services are integrated into Alexa, and it’s a massive number. These applications get billions of requests a week, so when you’re trying to make reliable actions happen at speed . . . you have to be able to do it in a very cost-effective way,” he added. 

The complexity comes from Alexa users expecting quick responses as well as extremely high levels of accuracy. Such qualities are at odds with the inherent probabilistic nature of today’s generative AI, a statistical software that predicts words based on speech and language patterns.

Some former staff also point to struggles to preserve the assistant’s original attributes, including its consistency and functionality, while imbuing it with new generative features such as creativity and free-flowing dialogue. 

Because of the more personalised, chatty nature of LLMs, the company also plans to hire experts to shape the AI’s personality, voice and diction so it remains familiar to Alexa users, according to one person familiar with the matter.

One former senior member of the Alexa team said while LLMs were very sophisticated, they come with risks, such as producing answers that are “completely invented some of the time”. 

“At the scale that Amazon operates, that could happen large numbers of times per day,” they said, damaging its brand and reputation.

In June, Mihail Eric, a former machine learning scientist at Alexa and founding member of its “conversational modelling team”, said publicly that Amazon had “dropped the ball” on becoming “the unequivocal market leader in conversational AI” with Alexa.

Eric said despite having strong scientific talent and “huge” financial resources, the company had been “riddled with technical and bureaucratic problems”, suggesting “data was poorly annotated” and “documentation was either non-existent or stale”. 

According to two former employees working on Alexa-related AI, the historic technology underpinning the voice assistant had been inflexible and difficult to change quickly, weighed down by a clunky and disorganised code base and an engineering team “spread too thin”.

The original Alexa software, built on top of technology acquired from British start-up Evi in 2012, was a question-answering machine that worked by searching within a defined universe of facts to find the right response, such as the day’s weather or a specific song in your music library.

The new Alexa uses a bouquet of different AI models to recognise and translate voice queries and generate responses, as well as to identify policy violations, such as picking up inappropriate responses and hallucinations. Building software to translate between the legacy systems and the new AI models has been a major obstacle in the Alexa-LLM integration.

The models include Amazon’s own in-house software, including the latest Nova models, as well as Claude, the AI model from start-up Anthropic, in which Amazon has invested $8bn over the course of the past 18 months. 

“[T]he most challenging thing about AI agents is making sure they’re safe, reliable and predictable,” Anthropic’s chief executive Dario Amodei told the FT last year.

Agent-like AI software needs to get to the point “where . . . people can actually have trust in the system”, he added. “Once we get to that point, then we’ll release these systems.”

One current employee said more steps were still needed, such as overlaying child safety filters and testing custom integrations with Alexa such as smart lights and the Ring doorbell.

“The reliability is the issue — getting it to be working close to 100 per cent of the time,” the employee added. “That’s why you see us . . . or Apple or Google shipping slowly and incrementally.” 

Numerous third parties developing “skills” or features for Alexa said they were unsure when the new generative AI-enabled device would be rolled out and how to create new functions for it.

“We’re waiting for the details and understanding,” said Thomas Lindgren, co-founder of Swedish content developer Wanderword. “When we started working with them they were a lot more open . . . then with time, they’ve changed.”

Another partner said after an initial period of “pressure” that was put on developers by Amazon to start getting ready for the next generation of Alexa, things had gone quiet. 

An enduring challenge for Amazon’s Alexa team — which was hit by major lay-offs in 2023 — is how to make money. Figuring out how to make the assistants “cheap enough to run at scale” will be a major task, said Jared Roesch, co-founder of generative AI group OctoAI.

Options being discussed include creating a new Alexa subscription service, or to take a cut of sales of goods and services, said a former Alexa employee.

Prasad said Amazon’s goal was to create a variety of AI models that could act as the “building blocks” for a variety of applications beyond Alexa. 

“What we are always grounded on is customers and practical AI, we are not doing science for the sake of science,” Prasad said. “We are doing this . . . to deliver customer value and impact, which in this era of generative AI is becoming more important than ever because customers want to see a return on investment.” 

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

CryptoCurrency

3 Altcoins Set to Rewrite Crypto History With Returns That Exceed 2021 Solana (SOL) Gains

Published

on

3 Altcoins Set to Rewrite Crypto History With Returns That Exceed 2021 Solana (SOL) Gains

Rising by more than 10,000%, Solana emerged among the most popular stories on the crypto scene during the bull run of 2021. Rising to become among the top five cryptocurrencies at its height, SOL grew by market capitalization. Experts agree that, given the evolving dynamics of the market and competition from other developing projects, replicating Solana’s exceptional prior performance could be challenging. With that in mind, which cryptocurrencies will likely yield comparable, if not better, returns than Solana’s 2021 gains? Analysts are particularly interested in three rising stars: Rexas Finance (RXS), Cardano (ADA), and Shiba Inu (SHIB).

Rexas Finance (RXS): The Pioneer Tokenizer

Rexas Finance is poised to transform real-world assets (RWAs) tokenizing, including real estate, artwork, intellectual property, and more. Rexas Finance presents unheard-of chances for investors, companies, and people by turning these real and digital assets into blockchain digital tokens. Rexas Finance distinguishes itself with its easily navigable ecosystem, which streamlines tokenization. Regardless of technical knowledge, anyone can tokenize their assets with instruments like the QuickMint Bot and Rexas Token Builder. The platform also incorporates cutting-edge technology, including artificial intelligence, through the Rexas GenAI and DeFi tools, guaranteeing compliant, safe, and quick transactions. Rexas Finance has raised $37,601,527 in Stage 11 of its presale. The token price is $0.175, a stunning increase from its starting presale price of $0.03. Analysts estimate that RXS may rise to $12.75 by 2025, a significant 12,000% growth from an ambitious roadmap and plans to list on three top-tier exchanges. Because of this possibility, Rexas Finance appeals to investors trying to replicate or exceed Solana’s gains in 2021.

Cardano (ADA): A Resilient Giant with Big Plans

A veteran of the crypto market, Cardano (ADA) has also drawn interest from investors, given its recent performance. As of January 8, 2025, ADA was trading for roughly $0.99; it had jumped 25% the previous week. With a market cap of over $34.67 billion, Cardano has again taken the front stage among the top 10 cryptocurrencies. Founded by Charles Hoskinson, the Cardano network has regularly demonstrated its adaptability and capacity to survive several market cycles. Hoskinson’s recent disclosure of forthcoming catalysts—including the Midnight privacy sidechain launch and possible joint ventures to impact crypto laws—has inspired fresh hope for Cardano. These events might greatly affect Cardano’s price and even force ADA to reach $5. Given the increased attention to privacy and regulatory clarity, ADA is a strong competitor that can exceed Solana’s past achievements and generate long-term returns.

Shiba Inu (SHIB): The Meme Coin Possessed with Serious Velocity

Shiba Inu has gradually become one of the most often used digital assets. With a market capitalization of over $12.7 billion, SHIB is trading at $0.000021 as of January 8, 2025. The active community and a strong emphasis on burning tokens to lower supply have helped support its constant price increase, especially in recent weeks. Shiba Inu’s rising optimism is significantly influenced by its recent spike in burn rate. Over 1.8 million SHIB coins were burned in a single transaction to help lower the current supply. Last year, 44.6 billion SHIB tokens were burned, increasing the asset’s scarcity and enhancing its price potential in the coming months. With ongoing burns and an active community, analysts believe SHIB might cause significant price action in 2025, posing a possible challenge to Solana’s 2021 performance.

Conclusion: The Next Generation of Crypto Winners

Although Solana’s 2021 success is difficult to equal, with their creative ideas, rising investor interest, and positive outlooks, Rexas Finance, Cardano, and Shiba Inu are positioned to rewrite crypto history. Leading the charge in the tokenization of real-world assets, Rexas Finance provides a blockchain-based, distinctive, and useful application. Cardano’s long-standing fortitude and forthcoming innovations help to establish ADA as a key participant in the crypto market. Shiba Inu remains surprising, nevertheless, because of its strong community and token-burn approach that will enable major advances in 2025. These three tokens might be worth watching for investors hoping to ride the next wave in cryptocurrencies. They aim to exceed Solana’s 2021 returns.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Source link

Continue Reading

Technology

17 Best Apple Watch Accessories (2025): Bands, Chargers, Cases, and Screen Protectors

Published

on

Cloth straps are comfortable and wick away moisture, but they hold the moisture and aren’t very formal. Silicone straps are durable and waterproof, but they trap sweat. I have sensitive skin and need to wash silicone straps and let my wrist breathe occasionally if I don’t want to get rashes. Leather, on the other hand, is durable. It’s comfortable to wear and breathable, and it will mold to your skin. In my opinion, it’s also far more stylish and professional-looking than either cloth or silicone.

Bluebonnet is a small Texas-based company that makes Apple Watch straps out of full-grain calf leather. I was very impressed by the thickness of the leather and the build quality of the Apple Watch inserts and buckle (whether the metal parts are silver or stainless steel varies on the color of the band). It fit my 41-mm Series 7 perfectly. But if you have a smaller wrist, you will probably need to punch an extra hole or two in the band. Avoid the temptation to use a knife—either get a leather hole punch or take it to a shop.

★ Alternative: If you’re a baller, Apple has its own proprietary Hermès collaborations that I do not own. However, I’ve played with the Single Tour band for Apple Watch at the Apple Events and they are beautiful and turn your Series 10 into more of a dress watch, if you’re the kind of person who cares about watch etiquette.

Quince is a direct-to-consumer business that purports to offer luxury essentials at an affordable price. The leather on its Apple Watch strap ($30) is stiffer and thinner, the color is not as vibrant, and the hardware is weird—I’m not sure why the buckle has an extra loop on top. However, it comes in two different sizes, and the small size fits my Watch SE well. If you want a cheaper option, this one will work for you.

Source link

Continue Reading

CryptoCurrency

Fake TRUMP and MELANIA tokens record $4.8M inflows in 24 hours

Published

on

Copycat tokens claiming to be the official TRUMP and MELANIA coins recorded $4.8 million in purchases in 24 hours from 12,641 wallets.

Source link

Continue Reading

CryptoCurrency

Triple lock ‘won’t be here in a generation’, former minister claims

Published

on

Triple lock 'won't be here in a generation', former minister claims

A former pensions minister who helped create the state pension triple lock has warned the policy will not exist within a generation as questions over the future of payments continue.

Sir Steve Webb, who served as pensions minister during the coalition Government and signed off the triple lock in 2010, said the measure could be replaced with a system linking payments to average wages.


The former minister, now a partner at pensions consultancy LCP, told The Telegraph: “[The triple lock] won’t last forever, because logically it would go up higher than prices and earnings in the long term. There might come a point when even pensioners want money spent on other things. It won’t be here in a generation.”

His warning comes as debate continues over the policy’s future, with Labour’s new pensions minister previously advocating its replacement and Conservative party leader Kemi Badenoch suggesting means-testing for state pensions.

Under the triple lock, the state pension rises by the highest of inflation, wage growth or 2.5pc each year. Chancellor Rachel Reeves has indicated the policy will remain in place until at least 2029.

Do you have a money story you’d like to share? Get in touch by emailing money@gbnews.uk.

Worried woman and DWP sign

The state pension triple lock will likely not exist in the years to come, a former pensions minister claims

GETTY

However, uncertainty surrounds its longer-term future, with Prime Minister Keir Starmer’s spokesman unable to guarantee the triple lock would exist in its present form for the whole of the current parliament.

Pension experts and ministers have long described the policy as unsustainable. Webb suggested the triple lock could be replaced with pensioners receiving as little as a third of average wages.

“You’d have to set a target [move off the triple lock] when the state pension hits, for example, a third of average wages,” he said. He acknowledged the political challenges in making such changes, noting: “The politics are very difficult – no one wants to be the one who switches it off.”

Webb said while the triple lock was “not perfect” it “does a job”. He explained the policy had helped reverse decades of decline, saying: “We had 30 years of decline up to 2010, when the state pension was linked to prices, meaning it was falling behind what people earned, and pensions are about replacing earnings.”

State pension news: Triple lock will HAVE to be scrapped - u2018Canu2019t afford it!u2019

Older Britons are worried about the future of the state pension triple lock

PA

The cost of the state pension reached £124billion in 2023 to 2024, according to Office for Budget Responsibility (OBS) estimates. This figure is set to rise dramatically, with forecasts showing it will hit £158billion by 2028 to 2029.

This £34billion increase is attributed to the triple lock policy. “Then we’ve had 15 years of recovery. I wouldn’t be as crude to say we need another 15 years [of the triple lock], but it’s a slow process,” Webb said.

From 1975 to 1979, the state pension increased by the highest of earnings or price inflation. The Conservative government changed this in 1980, moving to increase pensions only in line with prices.

This price-linked system continued until 2011, leading to a significant decline in pension values compared to earnings. The basic state pension fell from 26pc of average full-time earnings in 1979 to around 16 per cent between 2000 and 2010.

The basic state pension fell from 26 per cent of average full-time earnings in 1979 to around 16 per cent between 2000 and 2010.

George Osborne introduced the triple lock in 2011 to 2012 to address this decline.

LATEST DEVELOPMENTS:

Steve Webb in a headshot imageSteve Webb said Daphne’s case provided a ‘glimmer of hope’ STEVE WEBB

Webb oversaw the implementation of the policy during his time as pensions minister.

Currently, the new full state pension currently stands at £221.20 per week. This will increase by 4.1 per cent to £230.25 in April.

The new state pension has reached 30pc of average earnings, largely due to the triple lock policy.

This represents a higher level than the basic state pension achieved at any point since at least 1968.

Source link

Continue Reading

Business

‘Will President Trump even notice Europe?’ asks Volodymyr Zelenskyy

Published

on

Unlock the White House Watch newsletter for free

Ukrainian leader Volodymyr Zelenskyy delivered an unflinching critique of Europe’s weakness, saying the region risked sinking into irrelevance unless it invested heavily in its own defence.

Speaking to the World Economic Forum in Davos, Zelenskyy on Tuesday said that Donald Trump’s return to the White House meant Europe needed to prepare for US disengagement from its security.

“Will President Trump even notice Europe? Does he see Nato as necessary?” Zelenskyy asked.

The Ukrainian president said that while western allies saw the US as an indispensable security ally, nobody thought the same of Europe.

“Does anybody in the US worry that Europe might abandon them one day? The answer is No.”

It was “not even clear” Europeans would have a role in any negotiation to end the war in Ukraine, he added.

“Europe deserves to be more than just a bystander, with its leaders reduced to posting on X after an agreement has already been made. Europe needs to shape the terms of those deals,” Zelenskyy said.

Zelenskyy endorsed Trump’s call for Nato members to spend as much as 5 per cent of GDP on defence. 

“If it takes 5 per cent of GDP to cover defence, then so be it.”

Zelenskyy barely addressed Trump’s professed desire to bring a swift end to the war — although the US president and his advisers have recently said it could take six months to reach a deal, rather than his campaign boast of 24 hours. Nor did he address those Trump supporters who have called for an end to US aid to Ukraine.

He insisted his relations with Trump were “good”, but said that some of the president’s allies spouted misinformation about Ukraine and Russian propaganda points, so it was all the more important that Europe had a louder voice to counter those messages.

Zelenskyy repeated his plea for Europe to provide meaningful security guarantees to Kyiv, on the assumption that Nato membership remains beyond Ukraine’s grasp because of misgivings in Washington and other capitals.

French President Emmanuel Macron has been sounding out European partners over their willingness to deploy troops to Ukraine after a ceasefire, either to train Ukrainian forces or in sufficient quantity to deter further Russian aggression. However, the idea has so far gained little traction.

“If the security guarantees are weak . . . then you’ll only get words from Russia and they come back with war,” Zelenskyy said.

He said he would resist any attempt by Russia to impose limits on the size of Ukraine’s armed forces as part of any peace deal with Moscow.

European Commission President Ursula von der Leyen told the WEF earlier on Tuesday that the EU would stand by Ukraine even if the US curtailed its support.

“We will continue to support Ukraine without question, whatever happens next,” she said.

Source link

Continue Reading

Technology

Infinity Nikki’s new season brings the game’s biggest update yet

Published

on

Clear some room in your closet, stylists: Infinity Nikki’s next update is coming soon bringing with it new content, new locations to explore, and most importantly, new outfits. The Firework Season starts January 23rd. The update will be themed around Lunar New Year celebrations, starting a new Mira Journey battle pass while offering limited-time quests and a new area to explore.

Infinity Nikki’s official website has previews of what outfits will be available as well as a full breakdown of all the new content. Since Nikki is a gacha game, there are a number of premium outfits to try and earn. But developer Infold is also offering three outfits in three colors for a total of nine different outfits all for free. I’m particularly intrigued by the Radiant Night outfit as it looks like as a high-fashion version of Resident Evil VII’s Lady Dimitrescu.

Check it out as the website also has codes players can use to redeem helpful in-game items. Infinity Nikki has also released a trailer for the update showing off the Firework Isles, the new location that will be available during the season. Expect the the area to be chock full of scenic vistas for stylists to take their best pictures including a magical horse-drawn carriage that zooms through the sky.

The game’s also adding a new boss encounter, The Dark Bouquet, which will probably be added to the Realm of the Dark boss list for players to challenge weekly. The Infinity Nikki soundtrack is also launching on select music platforms which is a welcome development considering some of those tracks — especially the one for the Ghost Train dungeon — are incredibly funky for a generally lighthearted dress-up game. Fireworks Season starts January 23rd and lasts until February 25th.

Source link

Continue Reading

CryptoCurrency

Ethereum Classic’s Value Surges Amidst Varied Price Predictions

Published

on

ethereum-classic-logo

Amidst the evolving landscape of cryptocurrency, Ethereum Classic has demonstrated a notable surge in value that has caught the attention of market observers and investors alike. The recent momentum behind Ethereum Classic, marked by its substantial increase in market capitalization and trading volume, hints at a shift in sentiment towards this digital asset.

As price predictions for Ethereum Classic continue to vary, ranging from cautious optimism to bold projections, the underlying factors contributing to its rise remain under scrutiny.

Exploring the implications of this upward trend and the potential challenges it may face could provide valuable insights for those seeking to navigate the complexities of the cryptocurrency market.

Ethereum Classic’s Market Cap Surge

Amidst recent market fluctuations, Ethereum Classic has experienced a notable surge in its market capitalization. This increase in market cap signifies growing investor interest and confidence in the project.

As Ethereum Classic continues to differentiate itself in the decentralized smart contracts platform space, investors are recognizing its potential for long-term growth and adoption. The surge in market capitalization reflects the positive sentiment surrounding Ethereum Classic’s development milestones and community support.

With a market cap of $2,619,424,084 and a real-time price of $17.57, Ethereum Classic’s upward momentum is positioning it as a significant player in the cryptocurrency market. This surge in market cap reinforces Ethereum Classic’s position as a formidable contender in the blockchain ecosystem.

Impact of Short-Term Predictions

With Ethereum Classic’s notable surge in market capitalization signaling increased investor interest and confidence, examining the impact of short-term price predictions on its trajectory becomes essential.

Short-term price predictions, such as those for September to January, play a crucial role in influencing investor decisions and market sentiment. These predictions can create a sense of urgency among traders looking to capitalize on potential price movements within a specific timeframe.

However, it’s important to note that short-term forecasts are subject to market volatility and external factors, making them inherently uncertain. Investors should approach these predictions with caution, conducting thorough research and considering a variety of factors before making investment decisions based solely on short-term price forecasts.

Long-Term Growth Potential

Considering Ethereum Classic’s established position in the decentralized smart contracts platform sector, its long-term growth potential remains a subject of significant interest among investors and analysts alike. With a proven track record and a solid foundation, Ethereum Classic is poised to capitalize on the increasing adoption of blockchain technology and smart contracts in various industries.

The platform’s robust security features, immutability, and commitment to decentralization contribute to its appeal for long-term investors seeking stability and growth potential. As Ethereum Classic continues to enhance its capabilities and expand its ecosystem, it is likely to attract more developers and users, further solidifying its position in the market.

Analyzing Real-Time Price Fluctuations

The examination of Ethereum Classic’s real-time price fluctuations provides valuable insights for investors and analysts tracking market trends. As the price of Ethereum Classic, currently standing at $17.57, experiences fluctuations, understanding these changes can help in making informed investment decisions.

Monitoring the 24-hour change of -5.72%, alongside the market cap of $2,619,424,084 and a 24-hour trading volume of $88,853,789, offers a comprehensive view of the token’s performance.

Staying vigilant to these fluctuations is crucial for navigating the dynamic cryptocurrency market successfully.

Expert Insights on Ethereum Classic

Expertly analyzing Ethereum Classic’s potential, industry specialists provide valuable perspectives on its future trajectory in the dynamic cryptocurrency landscape.

These experts emphasize factors such as network security, adoption rates, technological advancements, and market trends when assessing Ethereum Classic’s long-term viability and growth potential.

With ongoing developments in blockchain technology and the increasing interest in decentralized finance (DeFi) applications, Ethereum Classic stands to benefit from a growing ecosystem and potential partnerships.

While price predictions can vary, these insights from industry professionals offer a well-rounded view of Ethereum Classic’s position in the ever-evolving digital asset space, guiding investors and enthusiasts in making informed decisions regarding this established cryptocurrency.

Evaluating End-of-Year Projections

In assessing end-of-year projections for Ethereum Classic, market analysts are closely monitoring key factors influencing its price movements. Factors such as network upgrades, adoption rates, regulatory developments, and overall market sentiment play crucial roles in shaping the cryptocurrency’s trajectory.

The projected price of Ethereum Classic at the end of the year is subject to various dynamics within the crypto space, including potential shifts in investor confidence and technological advancements within the Ethereum Classic ecosystem. As market conditions evolve, analysts will continue to refine their predictions based on a combination of fundamental analysis and technical indicators.

Traders and investors are advised to stay informed about these factors to make well-informed decisions regarding their Ethereum Classic holdings.

Factors Influencing Price Volatility

Key drivers of price volatility in the Ethereum Classic market include external macroeconomic events and internal network developments that can significantly impact investor sentiment and trading activity.

External macroeconomic events such as regulatory decisions, global economic trends, and geopolitical uncertainties can create fluctuations in the cryptocurrency market.

For Ethereum Classic specifically, developments within the network, such as software upgrades, security breaches, or changes in mining algorithms, can also influence price movements.

Investor perception of Ethereum Classic’s technology, adoption rate, and competitive positioning relative to other cryptocurrencies can further contribute to price volatility.

Conclusion

In conclusion, Ethereum Classic has shown a significant increase in value amidst various price predictions, with a growing market cap and trading volume.

Short-term predictions indicate potential fluctuations, while long-term projections suggest substantial growth opportunities. Real-time price fluctuations and expert insights further contribute to the analysis of Ethereum Classic’s potential.

End-of-year projections and factors influencing price volatility offer valuable insights for those considering investment in this digital asset.

Source link

Continue Reading

Business

EU Is Set to Cut Back ESG Reporting Rules Amid French Demands

Published

on


The European Union is likely to scale back its highly contested ESG reporting requirements, as France prepares to unveil a formal proposal seeking to limit the scope of the regulatory framework.

Source link

Continue Reading

Technology

Meta will soon let you link your WhatsApp account with Instagram and Facebook

Published

on

People hold mobile phones in front of the logo of WhatsApp application.

Meta announced on Tuesday that users will soon be able to add their WhatsApp account to their Accounts Center, a hub where users can manage connected experiences across their Facebook, Instagram, and Meta Quest accounts.

With this integration, users will be able to cross-post their WhatsApp Status as Stories on Instagram and Facebook, getting rid of the need to post multiple times. It will also allow users to log in to multiple apps with the same account through the “Single Sign On” feature, which is an authentication option that allows you to do things like use your Facebook account information to log into Instagram.

Adding your WhatsApp account to Accounts Center is optional and off by default.

Meta notes that your WhatsApp messages and calls will remain end-to-end encrypted if you choose to connect your WhatsApp account to the hub.

Image Credits:Meta

Accounts Center, which is found in the Settings section of Meta’s apps, was first introduced in 2020 as a way to give users the ability to manage their connected experiences across the company’s services.

Meta plans to roll out additional functionality to Accounts Center, such as the option to manage avatars, Meta AI stickers, and Imagine Me creations.

The company says it’s rolling out the WhatsApp integration globally, but that it will take months for it to make it available to every user. When the integration is available, you’ll see the option in your WhatsApp settings. You may also see the integration when you try to take action across accounts, such as re-posting your Status to one of Meta’s other apps.

Source link

Continue Reading

CryptoCurrency

KULR, Genius Group expand Bitcoin holdings

Published

on

What are Bitcoin Ordinals?

KULR Technology Group and Genius Group Limited, both publicly traded companies, have announced significant increases in their Bitcoin holdings as part of their treasury strategies.

KULR Technology Group, headquartered in Houston, has raised its Bitcoin (BTC) treasury to 510 BTC with an additional $8 million purchase. 

The acquisitions, made at an average price of $101,695 per Bitcoin, bring the total value of KULR’s Bitcoin holdings to $50 million.

This move aligns with KULR’s December 2024 strategy to allocate up to 90% of its surplus cash reserves to Bitcoin. The company has achieved a year-to-date Bitcoin yield of 127%, using this metric to measure performance relative to its outstanding shares.

Genius Group

Meanwhile, Singapore-based Genius Group has increased its Bitcoin treasury to 420 BTC after a $5 million purchase at an average price of $95,912 per Bitcoin.

Over three months, Genius Group has accumulated $40 million in Bitcoin as part of its “Bitcoin-first” strategy, which commits at least 90% of its reserves to cryptocurrency. 

The company plans to eventually hold $120 million in Bitcoin, funded through reserves, an ATM facility, and $19 million in crypto-backed loans from Arch Lending.

Both companies are positioning Bitcoin as a core asset in their financial strategies, signaling a broader trend of corporate adoption of digital currencies.

Source link

Continue Reading

Trending

Copyright © 2025 WordupNews