Latest news from the world of crypto!
✅ Trading volumes on CEX hit a four-year low
In May, there was a 15.7% decrease in trading volumes on the spot and cryptocurrency derivatives market. This negative trend has continued for the second consecutive month, attributed to increasing regulatory pressure on the industry.This information is based on the latest report from analytical firm CCData, published on June 7th. Similar conditions were observed in April when the overall trading volume on major platforms halved to $500 billion. According to experts, the decline in trading volumes will persist as the markets experienced overheating in Q1 2023.
✅ SEC Chairman disputes the value of cryptocurrency assets and exchanges
The cryptocurrency market has reacted actively to recent actions by the SEC. Last week, the U.S. Securities and Exchange Commission filed lawsuits against Binance and Coinbase, the two largest crypto exchanges in the world, citing securities violations and numerous other infractions.Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission, also stated that he had warned about the impending crackdown. Speaking at the Piper Sandler Global Exchange & FinTech Conference, he made several statements regarding the cryptocurrency sector. According to him, there is nothing exceptional about cryptocurrency assets and exchanges, and their proponents cannot claim that their tokens truly provide value.
✅ Hong Kong government officially invites U.S. crypto companies
Johnny Ng, a member of the Legislative Council of Hong Kong, actively calls on global crypto companies to consider relocating to their region. He particularly emphasizes the need to increase the presence of global cryptocurrency exchange operators, such as Coinbase, in Hong Kong. Furthermore, he states his readiness to provide comprehensive support in this matter.
✅ Creator of "Black Mirror" attempts to write a new episode using ChatGPT
Charlie Brooker, the creator of the popular series "Black Mirror," decided to try writing a new episode using ChatGPT. However, after reviewing the results, the screenwriter was disappointed.
At first glance, it seemed that the artificial intelligence generated a fairly interesting story. However, upon closer analysis, Brooker realized it was a failure. Instead of creating a new episode, the neural network simply mixed together plot elements from previous episodes. The writer understood that the attempt to replace humans with new technologies remains a distant prospect.
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