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On March 29th, at the Global Unicorn Companies Conference, Zhou Hongyi, founder of 360, interpreted the recent "Lobster Craze" (OpenClaw intelligent agent). Regarding the question of when tokens will become as accessible and affordable to ordinary people as mobile data, Zhou Hongyi stated: The core of the traditional internet is data traffic. Its infrastructure (such as fiber optic cables) has almost unlimited capacity, and user data usage is directly proportional to duration and volume. The more users a platform has, the lower the marginal cost becomes. However, AI is completely different. The essence of AI operation is the consumption of computing power, information processing, and "intellectual costs," following the logic of information and energy conservation: the more complex the task and the deeper the demand, the higher the computing power and resources consumed will inevitably be. It is impossible to complete extremely complex tasks with extremely low investment. Tokens are a unit of measurement for the intellectual and computing power consumed by artificial intelligence. The unit price is relatively fixed, and the more it is used, the higher the cost. Therefore, tokens can never achieve unlimited monthly usage like mobile data.On March 29, Ukrainian President Volodymyr Zelenskyy stated that following the Ukrainian attack on an oil refinery in Russias Leningrad region, the refinerys capacity was reduced to approximately 40%. "We responded to the attacks on the energy sector—we launched a strong counterattack… After a series of corresponding actions, the facility is now operating at only about 40% capacity," Zelenskyy added. He further noted that the attack utilized long-range drones, and that related technologies are constantly evolving. On the night of March 25-26, the Ukrainian Armed Forces attacked the Kirishi oil refinery in Russias Leningrad region. The Ukrainian military stated that the refinery is one of Russias three largest, producing various petroleum products, including fuel for the Russian Armed Forces.Novartis IgAN data, published in the New England Journal of Medicine, showed that Fabhalta® slowed the rate of kidney function decline by 49.3%.Cambodias Ministry of Commerce announced on Saturday midnight that diesel prices have risen further and gasoline prices have fallen due to the Middle East conflict. The ministry stated that starting Sunday, the price of regular gasoline will be 5,000 riel (US$1.25) per liter until further notice, a decrease of 8.2% from the previous three days price of 5,450 riel. Diesel prices will be 7,200 riel (US$1.80) per liter, an increase of 1.4% from the previous 7,100 riel. Liquefied petroleum gas (LPG) prices have also climbed to 3,400 riel (US$0.85) per liter, an increase of 6.2% from the previous 3,200 riel.Israel Defense Forces: As part of this airstrike, the Israel Defense Forces further weakened the Iranian regimes weapons production infrastructure.

Indonesian Crypto Exchange Ensures Compliance With Biometric Security-Based Wallet

Cory Russell

May 11, 2022 10:37

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According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


Bitcoin, which accounts for roughly 40% of the cryptocurrency market, fell to a 10-month low on Tuesday before rebounding to $31,450, only six days after hitting $40,000. It was down more than 54% from its all-time high of $69,000 on November 10th.


Prices of digital assets have fallen, reflecting a drop in stocks on worries of aggressive interest rate rises throughout the world to combat decades-high inflation. The Nasdaq, which is heavily weighted in technology, was down 28% from its all-time high in November 2021.


According to CoinMarketCap, the total crypto market worth was $2.2 trillion on April 2, down from an all-time high of $2.9 trillion in early November.


"Bitcoin remains closely tied to larger economic circumstances, implying that the road ahead may regrettably be bumpy, at least for the time being," stated blockchain data firm Glassnode in a note.


Investors were also alarmed by signs of weakness in stablecoins, which are normally a safer crypto currency. TerraUSD, the fourth-largest stablecoin in the world, lost a third of its value on Tuesday after losing its dollar peg.


According to a study issued on Monday by digital asset management Coinshares, despite bitcoin's price drop, funds and products related to it saw inflows of $45 million last week as investors took advantage of market weakness.


"An enormous amount of liquidity has inflated some of these cryptocurrencies," said Nordea Asset Management's senior macro analyst, Sebastien Galy. As various central banks tighten their monetary policies, he expects crypto, which is also tied to high-growth equities, will face pressure.

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