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☆ Bitcoin is undergoing a tech expansion that one expert says will drive 5-fold growth in just 2 years
▼ + stars: | 2024-06-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

Bitcoin's blockchain is slowly becoming more than just a buy-and-hold platform. Ethereum underwent a similar trend, leading to its massive rally in 2021, Bitget CEO Gracy Chen told Business Insider. Advertisement"The Ordinals protocol enabled the growth of memecoins on the bitcoin blockchain, leading to a surge in liquidity within the BTC ecosystem in record time. That's based on the Total Value Locked, or the amount of assets staked on the bitcoin protocol. However, even a twofold weaker surge could still result in a fivefold increase in the leading cryptocurrency's value," Chen wrote in a note.

Persons: Gracy Chen, —, Chen, That's, ethereum, Mining Brian Wright, there's Organizations: Ethereum, Service, BTC, ETH, cryptominers, Mining, Galaxy Locations: memecoins, bitcoin

☆ The SEC ruling on Ethereum ETFs could mark a historic shift in crypto investing
▼ + stars: | 2024-06-01 | by ( Emily Glass | ) www.cnbc.com time to read: +1 min

"This is really one of the most amazing things that I've seen in my career with respect to securities regulation," van Eck told CNBC's "ETF Edge" this week. VanEck was the first to apply to the SEC for permission to list its proposed Ethereum ETF. So the first reaction was to get the ETF, Ethereum ETF approval green lighted," he said. To van Eck, the buzz around Ethereum this May means clearer regulation on the horizon and an increased investor interest in crypto. Ether spiked on the SEC's approval of applications to list Ethereum ETFs on May 23, but is virtually flat since then.

Persons: Jan van Eck, van Eck, CNBC's, VanEck, Van Eck Organizations: U.S . Securities, Exchange, SEC, ETH, Innovation, Technology, Century

☆ Ether could surge 500% this cycle as new ETFs trigger a massive bull run, crypto expert says
▼ + stars: | 2024-05-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The price of ether will climb to between $15,000 and $22,500 this cycle, SynFutures CEO Rachel Lin says. "Now the spot ETH ETF is approved, all indicators indicate a massive ETH bull run in the coming months," she said. AdvertisementThe positive verdict on spot ether ETFs last week will kickstart a price rally, according to Rachel Lin, the CEO of SynFutures. Today, 20 months since that date, ETH supply remains at the same 120 million," Lin said. Now the spot ETH ETF is approved, all indicators indicate a massive ETH bull run in the coming months," Lin wrote.

Persons: Rachel Lin, —, Lin, Dow Jones, Ethereum, bitcoin Organizations: Service, Ethereum, bitcoin, Dow, NASDAQ, Standard Chartered, Chartered

☆ Dollar firm ahead of global inflation data
▼ + stars: | 2024-05-27 | by ( ) www.cnbc.com time to read: +4 min

The dollar made a steady start to the week, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook. The euro , which gained 0.9% on the dollar last week, was in the middle of a range it has held for more than a year at $1.0846. German inflation on Wednesday and euro zone readings on Friday will be watched for confirmation of a European rate cut that traders have priced for next week. The dollar had fallen back after data showed a slowdown in consumer price rises in April and disappointing retail sales, before strengthening last week thanks to better-than-expected PMI survey data. China's yuan finished last week weaker than 7.24 per dollar, its lowest level since early May.

Persons: Sterling, Bob Savage, BNY, China's, Scott Gold, would've, Justin D'Anethan Organizations: New, U.S, Federal, Swiss, Tokyo CPI Locations: Britain, United States, U.S, Asia, New York

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther falls after SEC approves rule change that would open door for spot ETH ETFs: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Hany Rashwan, CEO of 21Shares, one of the potential issuers of spot ether ETFs in the United States, explains what comes next after the SEC approved a rule change that would pave the way for the products.

Persons: explainers, Hany Rashwan Organizations: SEC, ETH, CNBC Crypto, CNBC Locations: United States

☆ Here's how Coinbase would benefit from U.S. ether ETFs if approved, according to JMP
▼ + stars: | 2024-05-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Coinbase is poised to benefit from U.S. spot ether exchange-traded funds, if they are approved, according to JMP Securities. The turnaround sent ether soaring more than 20% to start the week. ETH.CM= 5D mountain Ether 5-day chart JMP's Devin Ryan said in a note Wednesday that Coinbase could see benefits to its transaction, custody and staking businesses as a result of the introduction of ether ETFs. He also said an ether ETF approval does not necessarily signal a blessing by the SEC of the broader crypto asset class, or even comfort around all ETH use cases, such as staking. JMP has an outperform rating on Coinbase and a price target of $320, implying nearly 42% upside from Tuesday's close.

Persons: Coinbase, Devin Ryan, Ryan, JMP Organizations: JMP Securities, U.S . Securities, Exchange Commission, SEC, Fidelity, Management Locations: Base, BlackRock

☆ Ether extends its rally following 20% surge on renewed ether ETF optimism
▼ + stars: | 2024-05-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Cryptocurrencies rose Tuesday amid a late surge in optimism around the U.S. Securities and Exchange Commission's decisions on spot ether exchange-traded funds applications, the first of which is due this week. Ether led the rally, rising 9% to $3,680.98, according to Coin Metrics. Investors are reconsidering the probability that the SEC greenlights spot ether ETF applications amid reports that the SEC has requested document updates from potential ETF issuers and exchanges. Final decisions on applications by VanEck and Ark Invest are due this Thursday and Friday, respectively. BlackRock, Fidelity, Invesco, Grayscale and Bitwise Asset Management also have applications awaiting decisions this year.

Persons: Cryptocurrencies, Ether, bitcoin, Robinhood, Bartosz Lipiński Organizations: U.S . Securities, Exchange, Metrics, Marathon, Energy, SEC, Cube Exchange, Fidelity, Management Locations: BlackRock

☆ Ethereum surges 22% on speculation ETFs could be approved as soon as this week — and a new bitcoin record might not be far behind
▼ + stars: | 2024-05-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Ethereum has jumped over the past 24 hours as odds of an imminent ETF approval have soared. AdvertisementAccording to Standard Chartered Head of FX Research Geoff Kendrick, ETF approvals would cement ether's chances of reaching $8,000 by this year's end. AdvertisementSecondly, big outflows are also less likely to be an issue for ether, Kendrick pointed out. Once ether funds are established, the price highs that it can achieve bode well for bitcoin, Kendrick added. "An ETH ETF approval will further legitimise the sector and therefore be BTC positive as well.

Persons: Ethereum, —, That's, Eric Balchunas, Geoff Kendrick, Kendrick, bode Organizations: SEC, Chartered, Service, bitcoin, Securities and Exchange Commission, Bloomberg, Bloomberg Intelligence, Standard Chartered, FX, BTC Locations: VanEck

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy ether's supply is growing again and what it means for investors: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Julio Moreno, head of research at CryptoQuant, explains why he believes Ethereum's latest upgrade has made ETH inflationary once again.

Persons: explainers, Julio Moreno, Ethereum's Organizations: CNBC Crypto, CNBC

☆ The problem with Ether right now for investors
▼ + stars: | 2024-05-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

While the supply of bitcoin is slowing after the halving , the supply of ether is growing at its fastest rate since 2022, according to CryptoQuant – crushing some investor's dreams of ether as an asset that would grow increasingly scarce. The median transaction fee is about 4x lower now that it was before Dencun for the same level of network activity. Some investors had hoped ether could compete with bitcoin, whose rate of supply growth slows every four years after the halving. For many, that idea was a side effect of the primary thesis on Ethereum, which sees it as a growing, scalable transaction network on which to build applications. Network activity would have to increase 3 to 4x to reverse the growing supply trend, if this relationship holds, he said.

Persons: Dencun, Julio Moreno, CryptoQuant's, Ethereum, Moreno Locations: ETH

☆ Bored Ape Yacht Club NFTs sold for millions in 2021—prices have dropped 90% since then
▼ + stars: | 2024-05-02 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

A person walks by Bored Ape Yacht Club NFT characters inside Radio City Music Hall during the 4th annual NFT.NYC conference on June 21, 2022 in New York City. Yuga Labs, the creator of the viral Bored Ape Yacht Club non-fungible tokens, announced a new round of layoffs on Friday as the NFT frenzy appears to cool. But despite Bored Ape Yacht Club's substantially lower floor price, the NFT market is still showing some signs of life. How YugaLabs got startedYugaLabs' Bored Ape Yacht Club collection launched in April 2021 with 10,000 NFTs depicting the cartoon apes with various colors, clothing and facial expressions. The startup went on to release several other NFT collections, including Mutant Ape Yacht Club and CryptoPunks.

Persons: Greg Solano, Justin Bieber, Paris Hilton, Sotheby's, YugaLabs Organizations: Radio City Music Hall, Yuga Labs, ETH, Yacht, CryptoPunks Locations: New York City

☆ Standard Chartered doubles down on its prediction that bitcoin will reach $150,000 by the end of the year
▼ + stars: | 2024-04-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Bitcoin is set for more price gains later this year, even after a recent retreat in prices, according to Standard Chartered's top crypto analyst. Geoffrey Kendrick, head of foreign exchange research, West, and digital assets research at Standard Chartered, said in a research note this week that he sees bitcoin rising to $150,000 per coin, and ether hitting $8,000 by the end of 2024 — doubling down on a bullish prediction from the bank earlier this year. Bitcoin temporarily sank below $60,000 last week as traders reacted to news of an escalating military conflict between Iran and Israel. Also, large long liquidations over the past couple of weeks mean that market positioning is a lot cleaner," Kendrick said. "As a result, with Middle East tensions easing I think it is time to re-engage in medium-term longs."

Persons: Geoffrey Kendrick, Kendrick, Bitcoin, bitcoin, That's Organizations: Standard Chartered, BTC, ETH, Securities and Exchange Commission, Treasury, HK Locations: Israel, Iran, United States, U.S

☆ Singapore's economic losses due to heat stress could nearly double to over $1.5 billion in 2035
▼ + stars: | 2024-04-03 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Singapore's economic losses due to heat stress could nearly double to $1.64 billion in 2035 from pre-pandemic 2018 due to a decline in labor productivity, a recent study by the National University of Singapore showed. Back in 2018, heat strain caused an 11.3% fall in average productivity across Singapore's four big economic sectors — services, construction, manufacturing and agriculture. Fall in productivity is expected to rise to 14% in 2035, leading to an economic loss of S$2.22 billion ($1.64 billion), after adjusting for inflation, the NUS Project HeatSafe report said. The loss will be significantly higher for workers exposed to adverse environmental conditions — those working working under the sun, or being exposed to other sources of heat such as machineries. Last July, United Nations' Secretary-General Antonio Guterres cautioned that the world has moved away from global warming to "an era of global boiling."

Persons: Natalia Borzino, Antonio Guterres Organizations: National University of Singapore, NUS, ETH, United Nations Locations: Singapore

☆ Everything former Nickelodeon stars have said in response to the docuseries 'Quiet on Set'
▼ + stars: | 2024-03-29 | by ( Olivia Singh | ) www.businessinsider.com time to read: +23 min

Former Nickelodeon stars are speaking out after Investigation Discovery's docuseries "Quiet on Set." AdvertisementInvestigation Discovery's docuseries "Quiet on Set: The Dark Side of Kids TV" has cast a shadow over Nickelodeon's legacy in children's TV. AdvertisementIn the meantime, here's everything former Nickelodeon stars have said since the release of "Quiet on Set." After coming forward about being sexually abused as a teen, Drake Bell called Nickelodeon's response 'empty'Drake Bell in episode two of the Investigation Discovery docuseries "Quiet on Set: The Dark Side of Kids TV." Josh Peck said that he contacted his 'Drake & Josh' costar Drake Bell privately to offer his supportJosh Peck and Drake Bell on season four of "Drake & Josh."

Persons: Discovery's, Drake Bell, Alexa Nikolas, —, Dan Schneider, Kate Taylor, Schneider, he'd, Nicole Bristow, Nikolas, Dan, doesn't, it's, Bell, Brian Peck, Sarah Fraser, Nickelodeon's, Peck, Tom DeSanto's, Drake, DeSanto, Josh, Josh Peck, Beth, Rich Correll, Raquel Lee Bolleau, Bolleau, Devon Werkheiser, Lindsey Shaw, Daniel Curtis Lee, Frazer Harrison, costars Lindsey Shaw, Werkheiser, Daniel, Zoey, Jack Salvatore, Mark Del Figgalo, Nickelodeon Salvatore, Sam, Salvatore, Jennette McCurdy, BooG, Bobby Bowman, Nancy Sullivan, Miranda Cosgrove, Jonathan Goldstein, WireImage Sullivan, Audrey Parker, Nichols, Sullivan, Bryan Hearne, Hearne, Tracey Brown, Madisyn Shipman, Shipman, Abby Wilde, Stacey Dillsen, They're, who's, Chris Massey, Michael, …, Massey, Michael Barret, Angel Massey, @chrismasseytmb, DAN, Allie DiMeco, DiMeco, Rosalina, Leon Frierson, Dan Schneider's, Frierson, I'm, Amber Frank, Frank, Kenan Thompson, Christopher Polk, Thompson, Kenan, Kel, I've, that's Organizations: Nickelodeon, Service, Business, YouTube, Eat, Kids, Disney Channel, Entertainment, Getty Locations: Hollywood

☆ For $60, you could 'poison' the data AI chatbots rely on to give good answers, researchers say
▼ + stars: | 2024-03-24 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +7 min

Read previewA group of AI researchers recently found that for as little as $60, a malicious actor could tamper with the datasets generative AI tools similar to ChatGPT rely on to provide accurate answers. Tramèr and a team of AI researchers then posed the question in a paper published in February on arXiv, a research paper platform hosted by Cornell University: Could someone deliberately "poison" the data an AI model is trained on? The team then monitored how often researchers downloaded from the datasets that contained domains Tramèr and his colleagues owned. as the site is a "very prime component of the training sets" for language models, Tramèr said. AdvertisementTramer also adds that data poisoning isn't even necessary at the moment due to the existing flaws of AI models.

Persons: —, Florian Tramèr, Tramèr, Tramer, I'm, He's Organizations: Service, Business, ETH Zurich, Cornell University Locations: arXiv

Like tech stocks, bitcoin sometimes benefits from low interest rates and improved market liquidity, which can lead to better sentiment and greater investment in growth assets. Stock Chart Icon Stock chart icon Bitcoin turns higher after two days of losses"There has been an inverse relationship between rates and bitcoin price," said Oppenheimer executive director Owen Lau. "When the Fed increased interest rates in 2022, it took out liquidity from the market, which impacted bitcoin and tech stocks. When the Fed cuts rates, it provides liquidity to the market, which should benefit risky assets such as bitcoin. The Dow Jones Industrial Average , S&P 500 and Nasdaq Composite all closed at record highs after the Fed meeting wrapped up.

Persons: Bitcoin, cryptocurrency, Cryptocurrencies, Oppenheimer, Owen Lau, It's, Ether, Solana, dogecoin, MicroStrategy, CleanSpark, bitcoin, We've, Vijay Ayyar Organizations: Getty, Metrics, Federal, Polygon's, Iris Energy, Marathon, JPMorgan, Dow Jones, Nasdaq, CNBC

☆ Why ether's high price could be at risk despite strong supply and demand outlook
▼ + stars: | 2024-03-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The Ethereum network successfully completed its "Dencun" upgrade on Wednesday, which is meant to help it become faster and cheaper to use. The price of ether has been trading lower since then, which was expected based on the cryptocurrency's behavior following previous tech upgrades. "High activity on the Ethereum network has caused high transaction fees and, consequently, more fees burnt," Julio Moreno, CryptoQuant's head of research, said in a note Wednesday. High transaction activity causes network fees to spike, more fees being burnt and total supply to decrease." They're hoping that the combination of increased activity and the decrease in the supply of ether over time will push the token's price higher.

Persons: CryptoQuant, Julio Moreno, CryptoQuant's, William Ogden Moore Organizations: ETH, They're, bitcoin, Securities and Exchange Locations: Dencun, Solana, U.S

☆ This guy is serious about crypto, but his joke character has gone viral
▼ + stars: | 2024-03-13 | by ( Peter Kafka | ) www.businessinsider.com time to read: +6 min

Read previewLike a lot of people, Nick O'Neill got the crypto bug during the pandemic. But then he stumbled into a bit of viral fame: A joke post he made boasting about his crypto prowess took off, fueled in part by people who didn't realize he was joking. "Choose rich" is O'Neill's catchphrase, which is mostly a joke, but also very similar to things people used to say on crypto Twitter, for real. AdvertisementPeter Kafka: You make this thing that is a little sincere but is mostly a joke, and it triggers people who don't think it's a joke. Peter Kafka: I couldn't tell if you were satirizing crypto, or crypto culture, or Twitter/X culture.

Persons: —, Nick O'Neill, he's, O'Neill, Crypto, There's, Peter Kafka, That's, It's, bro, Solana, NFTs, Dan Bilzerians, there's, you've, X Nick O'Neill, Dave Portnoy's Organizations: Service, Business, pic.twitter.com, Twitter, MySpace, Washington Locations: Miami, Solana

☆ OpenAI hired the lawyer who helped force Elon Musk to buy Twitter
▼ + stars: | 2024-03-12 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

The firm battling Musk previously helped Twitter in a legal conflict with the billionaire. The billionaire is set to face off again with a lawyer who helped Twitter sue Musk after he attempted to back out of the $44 billion purchase. One of the lawyers from the Wachtell firm, William Savitt, helped lead Twitter's case against Musk. AdvertisementMusk helped found OpenAI in 2015 and has said he invested tens of millions of dollars into the AI venture. Representatives for Musk and OpenAI did not immediately respond to a request for comment.

Persons: OpenAI, Elon Musk's, Musk, —, Elon Musk, Lipton, Katz, Foerster, Sam Altman, William Savitt, Morrison, Ragesh Tangri —, Morgan Chu, Alan Heinrich, Chu, Tesla, Altman Organizations: Twitter, Service, Reuters, Wachtell, Rosen, Morrison, — Jordan Eth, Ragesh, Bloomberg, Microsoft, Musk Locations: — Jordan

☆ What investors need to know about ‘Dencun,’ Ethereum’s next big tech upgrade
▼ + stars: | 2024-03-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Relative to bitcoin , the initial price action following the upgrade is even weaker historically, with ether underperforming 80% of the time in the first 20 days, Saunders added. Saunders warned, however, that the trading environment for crypto is different today than it was during previous Ethereum network upgrades. The scalability problem Dencun follows the "Shapella" upgrade from almost a year ago, which allowed investors to withdraw their staked ether from the network for the first time. This upgrade is focused on the longer-term goal of enhancing Ethereum's ability to handle more activity and transactions as the network grows. "The Dencun upgrade serves as an important step in addressing this congestion, which hurts users and developers alike."

Persons: Alex Saunders, Saunders, Philipp Zentner, bitcoin –, Duncan Ash, Michael Bloom Organizations: BTC, Citi, ETH, Metrics, Securities and Exchange Commission Locations: U.S

☆ Ether climbs another 6% after Monday rally, bitcoin hits record
▼ + stars: | 2024-03-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Ether on Tuesday continued its march higher as the price of bitcoin took a breath. Bitcoin rose 1% to $68,833.45 and hit a record high above $69,000. "As has often happened in the past, bitcoin approaching record highs has caused a trickledown effect of adoption elsewhere in the ecosystem." With bitcoin up 19% in the past week, meme coins have gained about 175% in the same period, according to CoinGecko. Analysts point to them as evidence that retail investors, who have been absent for much of the recent crypto rally, are starting to return to the crypto market.

Persons: bitcoin, bitcoin's, Philipp Zentner Organizations: Metrics Locations: Bitcoin

☆ Ether is poised for an ETF approval in May, but the crypto’s price action may be subdued
▼ + stars: | 2024-02-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Investors expect the Securities and Exchange Commission to greenlight spot ether ETFs in May, but the price action for the crypto could be subdued compared to bitcoin's moves in the runup to its ETF approvals. That compares to the 55% surge bitcoin saw after BlackRock first filed its spot ETF application for the flagship crypto. Regardless, we see the spot ether ETF being less appreciated by the market." JPMorgan estimates a "no more than 50% chance" of spot ether ETF approval by May 23, the final deadline for the SEC to approve or deny the Ark/21Shares application . Schwenkler said any excitement leading up to potential ether ETF approvals will be "less speculative" and that a lot of it is priced in already.

Persons: Kenneth Worthington, Nico Cordeiro, there's, Owen Lau, Oppenheimer, Gustavo Schwenkler, Bitcoin, Solana, Schwenkler, — CNBC's Michael Bloom Organizations: Securities and Exchange Commission, JPMorgan, BlackRock, BTC, ETH, SEC, CNBC, Leavey School of Business, Santa Clara University, of Locations: Southern, of New York, bitcoin

☆ 3 students won $700,000 for using AI to translate 2 tweets worth of text from previously unreadable ancient scrolls
▼ + stars: | 2024-02-10 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Three students won the Vesuvius Challenge for uncovering text in the Herculaneum papyri. The students were awarded a $700,000 prize after using AI to uncover the passages. “This is the society from which the modern Western world is descended.”The Herculaneum papyri were buried thousands of years ago during the eruption of Mt. The Vesuvius Challenge hopes entrants will help uncover about 90% of the first four scrolls. AdvertisementThe founders of the Vesuvius Challenge hope they’ll be able to crack open and read the entirety of all 800 scrolls in the next few years.

Persons: —, Youssef Nader, Luke Farritor, Julian Schilliger, ” Nader, Julius Caesar’s, ” Robert Fowler, Salvatore Laporta, Nat Friedman, Daniel Gross, Brent Seales —, Seales, uncracked, Philodemus, Friedman, …, fihs9ADb48 — Nat Friedman, they’ll Organizations: Service, Freie University, Wall Street, University of Nebraska, ETH Zurich, Villa, Herculaneum Society, Bloomberg Locations: Berlin, Switzerland, Vesuvius, Italian, Herculaneum

☆ Bitcoin tops $48,000 in a big comeback to end the week
▼ + stars: | 2024-02-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

In this article BTC.CM=ETH.CM= Follow your favorite stocks CREATE FREE ACCOUNTChesnot | Getty ImagesBitcoin marched higher to end the week, with its price breaching the $48,000 level for the first time since spot bitcoin exchange-traded funds began trading. Earlier, bitcoin rose to as high as $48,207.78 for the first time since Jan. 11, when the price momentarily touched $49,058.48 in volatile trading following the launch of spot bitcoin ETFs. Before that, bitcoin had not seen the $48,000 level since March 2022. Nevertheless, bitcoin's now up 10% for the week, while ether is on track for a 9% gain. Coin Metrics measures a week in crypto, which trades 24 hours a day, from the 4:00 p.m.

Persons: Bitcoin, cryptocurrency, bitcoin, bitcoin's, Sylvia Jablonski Organizations: Getty, Metrics Locations: Defiance

☆ First complete passages from ancient Herculaneum scroll decoded
▼ + stars: | 2024-02-07 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +6 min

CNN —After using artificial intelligence to uncover the first word to be read from an unopened Herculaneum scroll, a team of researchers has revealed several nearly complete passages from the ancient text, giving insight into philosophy from almost 2,000 years ago. The Herculaneum scrolls are hundreds of papyri that survived the eruption of Mount Vesuvius in AD 79. By using computer technology and advanced artificial intelligence, researchers can now analyze the Herculaneum scrolls without unrolling and risking damage to the extremely fragile documents. The first word to be decoded, the Greek word for purple, was detected in October 2023 and can be found within the newly interpreted passages. The charred documents, now referred to as the Herculaneum scrolls, were recovered from a building believed to be the house of Julius Caesar’s father-in-law, according to the University of Kentucky.

Persons: ”, Brent Seales, Luke Farritor, Youssef Nader —, Julian Schilliger, Farritor, Nader, Schilliger, papyrologists, Seales, Julius Caesar’s, Philodemus, “ Philodemus, Roger Macfarlane, Macfarlane, that’s, ” Macfarlane Organizations: CNN, classicists, University of Kentucky, University of Nebraska, Freie University Berlin, ETH Zürich, Institut de France, Brigham Young University Locations: Vesuvius, England, France, Italy, Naples

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