Key Takeaways Bitcoin Indonesia representatives discussed Bitcoin’s potential as a sovereign reserve and its role in financial resilience with the Indonesian Vice President’s office. The meeting emphasized the need for national-level Bitcoin education and presented Michael Saylor’s Bitcoin price projections for 2045. Share this article Representatives from Bitcoin Indonesia, one of the country’s largest Bitcoin communities, met with Indonesian Vice President Gibran Rakabuming Raka’s office to discuss how Bitcoin could support the country’s long-term economic strategy, according to a Tuesday announcement. BIG NEWS: 🇮🇩 Indonesia is exploring Bitcoin as a national reserve. We were invited to the Vice President’s office…
Author: ₿e Proud
Google DeepMind has revealed Genie 3, its latest foundation world model that can be used to train general-purpose AI agents, a capability that the AI lab says makes for a crucial stepping stone on the path to “artificial general intelligence,” or human-like intelligence. “Genie 3 is the first real-time interactive general-purpose world model,” Shlomi Fruchter, a research director at DeepMind, said during a press briefing. “It goes beyond narrow world models that existed before. It’s not specific to any particular environment. It can generate both photo-realistic and imaginary worlds, and everything in between.” Still in research preview and not publicly…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Nasdaq-listed cryptocurrency exchange Coinbase has announced plans to raise $2 billion through a private convertible note offering following a weaker-than-expected second-quarter performance. The move comes as COIN shares recorded a 15% decline on August 4, reflecting market reactions to the company’s reported drop in revenue and increased operational costs. Details of the Convertible Note Offering According to the announcement, the proposed fundraising will be conducted through a private placement targeting qualified institutional buyers. The offering will consist of two tranches of senior unsecured notes, each worth $1…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Commodity Futures Trading Commission (CFTC) has launched an initiative to allow spot crypto trading on exchanges registered under it. CFTC Kicks Off Crypto Sprint With Spot Trading Initiative In a new press release, CFTC acting chairman Caroline D. Pham has announced an initiative aimed at enabling trading of spot crypto contracts listed on Designated Contract Markets (DCMs) registered under the agency. The CFTC is a US government regulator that oversees derivatives markets in the country. These markets include futures, swaps, and certain types of options.…
The semiconductor industry’s rollercoaster year continues with another major development. President Donald Trump said on CNBC’s Squawk Box on Tuesday that his administration is planning to announce tariffs on semiconductors and chips as soon as next week. However, the specifics of these tariffs remain unclear. Such tariffs could cause quite a disruption for U.S. hardware and AI companies. When the U.S. CHIPs and Science Act was signed in 2022 — providing $52 billion in subsidies to boost domestic chip manufacturing — the U.S. produced only about 10% of global chips. Despite this small manufacturing footprint, more than half of global…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure BitMEX co-founder Arthur Hayes has issued a sobering warning to crypto investors, predicting an imminent 19% Bitcoin crash. This foreboding report comes as Hayes significantly reduced his exposure to major cryptocurrencies, sparking uncertainty and doubt in the market. Bitcoin Faces Potential 19% Price Crash On August 2, Hayes took to the X social media platform to sound the alarm on potential market turbulence ahead. The BitMEX co-founder forecasted that the Bitcoin price could crash by a whopping 19%, possibly retesting the $100,000 level and marking one of…
Key Takeaways Brazil’s lower house will hold its first hearing on a national Bitcoin reserve on August 20, 2025. Bill 4501/2024 proposes Brazil diversify its assets with Bitcoin and other digital assets. Share this article Brazil’s Chamber of Deputies, the lower house of Brazil’s National Congress, has scheduled its first public hearing to discuss the creation of a Strategic Sovereign Bitcoin Reserve for August 20, 2025, according to an official agenda from the Economic Development Committee (CDE).The hearing will explore the possibility of Brazil creating a national Bitcoin reserve through Bill 4501/2024. It was requested by Federal Deputy Luiz Philippe…
Cognition, the AI coding startup that acquired rival company Windsurf three weeks ago, laid off 30 employees last week and is offering buyouts to the roughly 200 remaining employees on the team, reports The Information. This is the latest bout of whiplash that Windsurf employees have faced after a tumultuous stretch for the company. The startup was initially almost acquired by OpenAI, then lost its CEO, co-founder, and research leads to Google in a $2.4 billion deal known as a reverse-acquihire (where Google hired the key talent rather than buying the company), before ultimately getting acquired by Cognition. At the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Litecoin (LTC) has resurfaced one of the top-performing cryptocurrencies this week, jumping over 12.7% in just 24 hours to trade near $128. The surge follows increasing speculation around a potential U.S. spot ETF approval and a dramatic rise in real-world adoption, which are now converging to position Litecoin for a major breakout. According to Bloomberg analysts, the odds of an ETF approval for Litecoin stand at 90%, boosted by its clear commodity classification by the CFTC. Much like Bitcoin, this regulatory clarity sets the stage for institutional…
Google’s AI note-taking app is now open to younger users, having previously been limited to users 18 and older. The tech giant announced that NotebookLM is available to Google Workspace for Education users of any age and for consumers ages 13 and up. The removal of age restrictions is intended to provide younger students with access to the AI research tool, allowing them to better understand their class materials. Now, students can access features such as the ability to convert notes into podcast-like Audio Overviews, visually summarize ideas with interactive Mind Maps, and more. NotebookLM recently released Video Overviews to…