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Bitcoin drops below $US22,000 as economic data weighs down

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Crypto leader Bitcoin continues its slide south, dropping another 3 per cent over the weekend, to below $US22,000

Cryptocurrency leader bitcoin continues its slide, down another 3 percent, amid broad-based losses.

Bitcoin’s slide below 22,000-US dollars comes after a brief boost on Friday on strong US job numbers.

Bitcoin’s value is more than 50 percent lower than the start of the year and over 69 percent below its all-time high in November 2021.

Ethereum has also dropped, down 3.4 percent, while binance coin is also down 3.6 percent.

Trading is likely to be volatile across equities and speculative assets ahead of official US inflation data on Wednesday.

It comes as traders wait and watch on how major crypto lender Celsius works itself out of a debt and liquidity crunch as it looks to “preserve and protect assets”.

What’s behind the Crypto crash?

Anyone who’s been interested in cryptocurrency knows that it’s volatile with its “boom and bust” cycles. Bitcoin has fallen below $US20,000 for the first time since November 2020.

Over the last 7 months its value has shrunk by more than 70%

Ticker’s Omer Kablan explains.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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ChatGPT creator releases tool to detect A.I. generated text

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OpenAI has released a software tool that can identify if text has been generated by artificial intelligence

The company behind the popular chatbot ChatGPT says it has trained a language model to distinguish between something written by a human, and A.I.

‘AI Classifier’ uses a variety of providers to address issues such as automated misinformation campaigns and academic dishonesty.

The detection tool is very unreliable on texts under one thousand characters, and AI-written text can be edited to trick the classifier.

Many schools across the world have already banned ChatGPT from being used for projects.

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Elon Musk asks court to throw case out

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Twitter CEO Elon Musk has asked a judge in the U.S. to throw out a case against him

 
The suit claims Musk’s delayed disclosure over his large stake in the social media giant defrauded shareholders, who sold out at artificially lower prices.

Musk says investors in the proposed class action have no independent right to obtain damages.

The CEO believes he properly disclosed his stakes in Tesla and the former SolarCity Corp on several occasions, as per requirements.

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Eurostar trains empty with Brexit leading to border delays

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Eurostar boss says peak trains are empty because of post-Brexit passport delays

You can perhaps understand why British residents are becoming increasingly frustrated by Brexit.

During peak hour in London, Eurostar trains are running across the Channel with hundreds of empty places.

Around 350 of 900 seats are normally left unsold on the first services between London, Paris and Brussels despite “huge demand”.

It’s all because border police can’t process passports quickly enough.

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