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The Ups and Downs of Bitcoin
Bitcoin (BTC) is trading lower on Wednesday morning as traders in the industry await answers regarding the various requests for Bitcoin spot ETFs made by asset managers in recent days, such as BlackRock, Invesco, WisdomTree, Invesco, and Fidelity.

The leading cryptocurrency is being traded at $30,320 around 7:40 AM after experiencing a 0.70% decline in the last 24 hours. The major altcoins (any crypto other than BTC) followed a similar pattern - Ethereum (ETH) depreciated by 0.90% to $1,861, and XRP (XRP) by 0.60% to $0.47.

"Bitcoin is being traded above $30,000, and investors are waiting to see if the rally can continue. The initial resistance comes from the $34,000 level, and if we see an institutional momentum of approving a Bitcoin ETF, the rally could reach the $40,000 level," said Edward Moya, an analyst at Oanda, a foreign exchange market maker, in a report.

The U.S. Securities and Exchange Commission (SEC) has never approved a Bitcoin spot ETF request before. One of the justifications given by the U.S. agency is that asset managers have failed to prove that the digital currency's spot market is not susceptible to manipulation or fraud.

"We have seen constant denials of all crypto ETF filings for about five years now, but there is optimism that one of these financial giants will make one this year. However, any major setbacks with a rejection of the BlackRock ETF could temporarily kill the rally," said Moya.

Although the SEC has not yet approved a spot exchange-traded fund for this digital asset, there are ETFs in the United States that purchase Bitcoin futures contracts.

Bitcoin Cash on the Rise
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Bitcoin Cash (BTC), which surged 110% in one week after being listed on EDX Markets, a new institutional cryptocurrency exchange supported by companies like Citadel Securities, Fidelity Digital Assets, and Charles Schwab, continues to rise.

The cryptocurrency is trading at $231 on Tuesday morning, with a 1.40% increase in the last 24 hours. Over the week, the digital asset has accumulated a 77% gain and a 105% increase over the month. BCH, which emerged in 2017 as a Bitcoin hard fork, has become one of the favorite altcoins among speculative traders because it is not under the scrutiny of the SEC.

Check the performance of the major cryptocurrencies at 7:40 AM:

Cryptocurrency Price Change in the Last 24 Hours
Bitcoin (BTC) $30,320 -0.70%
Ethereum (ETH) $1,861 -0.90%
BNB Chain (BN $233 -2.30%
XRP (XRP) $0.476561 -0.60%
Cardano (ADA) $0.274677 -3.00%

The cryptocurrencies with the highest gains in the last 24 hours:

Cryptocurrency Price Change in the Last 24 Hours
Stellar (XLM) $0.100755 +6.10%
VeChain (VET) $0.01947833 +6.10%
Kaspa (KAS) $0.02598604 +3.50%
LEO Token (LEO) $3.96 +2.40%
Bitcoin Cash (BCH) $231 +1.40%

The cryptocurrencies with the biggest losses in the last 24 hours:

Cryptocurrency Price Change in the Last 24 Hours
Radix (XRD) $0.074649 -12.80%
Optimism (OP) $1.25 -7.40%
Conflux (CFX) $0.213796 -7.00%
Stacks (STX) $0.677065 -5.30%
Synthetix Network (SNX) $2.04 -5.20%

Check the closing prices of cryptocurrency ETFs in the last trading session:

ETF Price Variation
Hashdex NCI (HASH11) R$ 24.13 +1.9%
Hashdex BTCN (BITH11) R$ 34.39 +1.98%
Hashdex Ethereum (ETHE11) R$ 26.47 +2.20%
Hashdex DeFi (DEFI11) R$ 16.46 +2.87%
Hashdex Smart Contract Platform FI (WEB311) R$ 12.97 +3.76%
Hasdex Crypto Metaverse (META11) R$ 25.65 -4.25%
QR Bitcoin (QBTC11) R$ 9.15 +2.23%
QR Ether (QETH11) R$ 6.54 +5.14%
QR DeFi (QDFI11) R$ 2.60 +8.33%
Cripto20 EMPCI (CRPT11) R$ 6.46 +0.93%
Investo NFTSCI (NFTS11) R$ 10.95 -1.79%
Investo BLOKCI (BLOK11) R$ 71.89 0.00%
(With information from Bloomberg)

The Impact of AI on Layoffs in the Tech Sector

The tech sector has recently seen a wave of layoffs attributed to the rise of Artificial Intelligence (AI). As AI advances, it brings transformative changes to industries. However, concerns about job displacement and workforce restructuring have emerged. This blog post explores the link between AI and recent layoffs in the tech sector, examining the implications of this trend.

AI and Technological Advancements:
AI is a powerful tool that automates tasks, improves efficiency, and enhances decision-making. Machine learning and natural language processing enable applications in customer service, data analysis, and autonomous vehicles. While AI offers benefits, it also disrupts traditional employment models.

Layoffs and Workforce Restructuring:
Tech companies attribute workforce reductions and reevaluations of new hires to AI adoption. Automation of repetitive tasks makes certain roles redundant, leading to layoffs or shifts in required skills. However, AI serves as a catalyst for industry transformation, creating new jobs while eliminating others.

Adapting to the Changing Landscape:
As the tech sector evolves, individuals must adapt to remain relevant. Upskilling and reskilling are essential to working alongside AI technologies. Companies should support employees through training programs and promote continuous learning.

AI's impact on the tech sector includes layoffs, but it also presents new opportunities. Society must collaborate to integrate AI responsibly, prioritizing employee well-being. By embracing AI and investing in reskilling, we can create a future where humans and AI work together for innovation and prosperity.


Top 3 Cryptocurrencies Under $3 AI Predicts Will Skyrocket in 2023

Artificial intelligence (AI) has become a powerful tool in predicting investment opportunities in the cryptocurrency market. In this blog post, we explore three cryptocurrencies under $3 that AI predicts will experience significant price growth in 2023. Additionally, we highlight Binance, an exchange that prioritizes transparency by publishing Proof of Reserves with 90% of user assets.

InQubeta (QUBE):
InQubeta (QUBE) is an altcoin revolutionizing data management with blockchain technology. AI predicts it as a promising investment for 2023, offering innovative features and strong growth potential.

Cardano (ADA):
Cardano (ADA) stands out with its scientific approach and scalable platform for dApps and smart contracts. AI predicts ADA will see a substantial price surge in 2023, making it an attractive long-term investment. (FET): (FET) combines AI, machine learning, and blockchain to create a decentralized IoT infrastructure. AI forecasts significant price growth for FET in 2023, presenting an intriguing investment opportunity.

Exchange Transparency: Binance Proof of Reserves:
Binance, a leading exchange, reinforces trust by publishing Proof of Reserves, confirming 90% of user assets are held in reserves. This transparency promotes user confidence and market stability.

AI predicts InQubeta (QUBE), Cardano (ADA), and (FET) as top cryptocurrencies under $3 that will likely experience significant price growth in 2023. Additionally, Binance's commitment to transparency through Proof of Reserves enhances trust in the industry. Remember to research and consult professionals before investing in cryptocurrencies. Here's to a prosperous 2023 for all crypto enthusiasts!


Secure Digital Entrepreneurship Investments: Exploring Fuvir as a Platform for Innovation and Networking

Fuvir is a social network that offers secure investment opportunities for digital entrepreneurs. It provides a platform where entrepreneurs can connect with investors, explore innovative projects, and leverage emerging technologies like NFTs, crowdfunding, and crypto assets. Fuvir stands out by actively supporting entrepreneurs and fostering a collaborative ecosystem.

Networking is crucial in digital entrepreneurship, and Fuvir facilitates meaningful connections and collaborations. It enables users to expand their professional networks, share ideas, and learn from each other's experiences.

Fuvir embraces NFTs, crowdfunding, and crypto assets, driving innovation in the digital space. It allows creators to tokenize their digital assets, offers crowdfunding capabilities, and provides a secure environment for financial transactions.

Investing in Fuvir offers advantages such as the burning of 1% of profits in the first year, rewarding qualified investors with free NFTs, and offering exclusive engraved aluminum cards to early supporters.

Overall, Fuvir is a promising platform for secure digital entrepreneurship investments. It empowers entrepreneurs, fosters networking, drives innovation, and provides attractive incentives for investors.


Investment in Data Centers Set to Increase in 2023, Says CBRE

According to CBRE's 2023 Investment Sentiment Survey, we can expect 89% of investors in the data center industry to increase their spending this year, following a relatively slow 2022.

Of those who responded to the survey, 85% have allocated more than $100 million to the data center sector, with 32% allocating over $500 million. The majority of interests are directed towards ready-to-use hyperscale providers, surpassing investments in basic infrastructure for the first time.

Regarding investors' assets under management (AUM), 37% currently have less than 5% of their portfolios in data centers, and this number is expected to drop to 16% over the next five years.

This projected increase suggests that the industry is recovering after a financially challenging year, although the extent of expected investment varies by region.

Due to uncertain macroeconomic conditions and rising interest rates, the second half of 2022 and the first quarter of 2023 were slow in terms of investment offerings in North America. The total volume of assets decreased by approximately 26% compared to the previous year, reaching $3.6 billion.

Many investors are hesitant to sell due to a lack of prime offerings in the market and are waiting for lower interest rates. However, growing demand and development costs will push companies to monetize their existing assets.

Kristin Metzger, Executive Vice President and Data Center Capital Markets Leader at CBRE, stated, "Development and value-added opportunities remain robust in the current environment as investors seek to leverage strong tenant demand and significant rent growth. Although tighter financial conditions have reduced total prime investment offerings in the market, we expect activity to start increasing as operators seek capital to finance their robust development pipelines."

Similarly, in Europe, the Middle East, and Africa (EMEA), 2022 was a slow year, with total asset-level transactions amounting to $344.8 million, a 70% reduction compared to 2021. This was also related to the current economic situation, with higher borrowing costs and disruption in debt markets due to inflation.

As a result, CBRE found that demand in the entire EMEA region has increased for assets valued up to $110 million, as they are less dependent on debt.

"Despite an exceptionally strong occupational market, the data center investment market in Europe recorded low transaction volumes in 2022 due to strong headwinds from the macro market," said Paul Mortlock, Data Center Capital Markets Leader at CBRE in Europe. "The European market has now entered a period of stabilization, with CBRE predicting an increase in activity as investor confidence returns."

A similar drop in investments was experienced in the Asia-Pacific region, with investment levels reaching their lowest point since 2019 due to concerns about a recession. Total investment in the Asia-Pacific region in 2022 amounted to $1.4 billion and was primarily utilized in emerging markets, including India.

In a significantly different scenario, we find Latin America. Unlike other regions, Latin America has experienced a growth in investor interest. Additionally, the interest in Edge computing for the region has led to a rapid increase in land values. CBRE has found increasing activity in cities like Brasília, Fortaleza, and Porto Alegre in Brazil, due to cost considerations in the country's major markets. Peru is also experiencing a similar increase in investments.

In summary, while investment in data centers was slow in 2022, CBRE's survey indicates that the sector is recovering, and investors plan to increase their spending in 2023. The regions of North America, Europe, Middle East, Africa, Asia-Pacific, and Latin America present different scenarios and challenges, but all show potential for growth in this sector
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