Altcoins like Ripple, Ethereum, and Tron posting significant gains in the first week of 2018. Decred Project Lead Jake Yocom-Piatt explains why these alternative currencies are surging.
"For all we know Bitcoin may fall, but for right now it's the dominant cryptocurrency," said Yocom-Piatt. "Currently there's 1,500 cryptocurrencies out there and the collective market cap of these keeps going up."
Decred's market cap has recently exceeded $700 million. Yocom-Piatt says he's seen a 200 x increase in exchange rate. Decred is centered around decentralization. "It's nice to see the financial metrics catching up with what I perceive to be the technological achievements," said Yocom-Piatt.
Microsoft has announced that it's hired Sam Altman and another co-founder of ChatGPT maker OpenAI after they unexpectedly departed the company days earlier in a corporate shakeup that shocked the artificial intelligence world.
Many factors lie behind the disconnect, but economists increasingly point to one in particular: The lingering financial and psychological effects of the worst bout of inflation in four decades.
Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own posts endorsing an antisemitic conspiracy theory.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
The board of ChatGPT-maker Open AI said Friday it has pushed out its co-founder and CEO Sam Altman after a review found he was “not consistently candid in his communications” with the board.
