OMG NEWS OF THE DAY

Bitcoin Surges Towards $60,000 Amidst ‘FOMO’

Bitcoin, the flagship cryptocurrency, is on the verge of hitting the $60,000 mark, marking its most significant monthly rally since December 2020. Buoyed by substantial flows into new U.S. spot bitcoin exchange-traded products, Bitcoin has surged by nearly 40% in February alone.

This surge has been primarily attributed to a multitude of factors, including heightened anticipation surrounding April’s halving event and expectations of Federal Reserve interest rate cuts later in the year. The escalating interest in Bitcoin is exemplified by the massive inflows into major Bitcoin exchange-traded funds (ETFs), signaling a notable shift in investor sentiment towards digital assets.

This rally is not just numbers on a chart; it’s a declaration of the confidence among institutional investors in the transformative potential of cryptocurrencies… Moreover, the green light for Bitcoin-owning ETFs in the United States has injected a fresh wave of optimism, propelling trading volumes and spotlighting crypto-linked firms amidst a broader market fraught with apprehension.

Mikkel Morch, founder of the digital asset investment fund ARK36

Humanity Protocol Secures Strategic Investments

Humanity Protocol, a pioneering project in the crypto space, recently announced the successful completion of its investment round, garnering strategic investments from prominent names within the industry. Backed by notable entities such as Animoca Brands and Polygon, Humanity Protocol aims to revolutionize digital identity for Web3, integrating innovative palm-recognition technology with Polygon’s zero-knowledge proofs (ZK-proofs). Noteworthy is the participation of industry stalwarts like Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital in this funding round, underscoring the project’s significance within the blockchain ecosystem.

Related: The Game Changer: How Web3 Games are Revolutionizing Ownership and Education

Amazon Denies AI Involvement in Road House Remake

In a legal tussle reminiscent of a Hollywood thriller, Amazon Studios finds itself embroiled in a lawsuit alleging the misuse of artificial intelligence (AI) in the upcoming remake of the iconic film, Road House. Lance Hill, a scriptwriter of the original 1989 blockbuster, has levied accusations of copyright infringement against Amazon, alleging the unauthorized use of AI-generated voices during the film’s production. Amazon vehemently denies these claims, asserting that no AI was utilized to replicate actors’ voices, and vows to contest the allegations in court. Amidst the legal drama, the much-anticipated Road House remake boasts a star-studded cast and is set to debut on Amazon Prime Video soon.

The lawsuit filed by R. Lance Hill regarding Road House today is completely without merit and numerous allegations are categorically false. The film does not use any AI in place of the actors’ voices. We look forward to defending ourselves against these claims.

Amazon MGM Studios Spokesperson

TWEETS OF THE DAY

Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.