Accéder au contenu principal

XRP Price Turmoil Anticipated Due To Biden’s Impending Executive Order

The administration of US President Joe Biden is moving quickly to draft an executive order that will address the hazards associated with artificial intelligence and give government agencies guidelines on possible use.

Media sources indicate that Biden will announce the administration’s long-awaited executive order on artificial intelligence, which could have significant ramifications for XRP and the larger cryptocurrency market.

Game-Changing EO Seen To Reshape AI Integration

The anticipated directive, projected to be released as early as Monday, aims to simplify the process of high-skilled immigration, establish numerous governmental entities and specialized groups, and facilitate the integration of artificial intelligence (AI) in various domains influenced by the federal government, encompassing healthcare, trade, housing, education, and beyond.

According to Forbes, the market value of XRP, Bitcoin, and other digital assets might be influenced by the decision. It is worth mentioning that Billy Bambrough, a senior contributor for Forbes, observed that specific information regarding the forthcoming ruling was disclosed in a leaked article.

This long-awaited directive is the single most important effort to impose national order on a technology whose explosive growth has surprised many. This is especially true in light of the remarkably human-like capabilities of the most recent and strong generative AI models.

An Overcrowded Crypto Landscape?

Forbes has forecasted the emergence of a congested crypto market, which has been prompted by a recent spike in the prices of XRP, Bitcoin, and other cryptocurrencies.

XRP market cap currently at $29.191 billion on the daily chart: TradingView.com

Market players are of the opinion that the surge in market optimism can be attributed to the increased level of enthusiasm surrounding BlackRock’s application for a bitcoin spot exchange-traded fund.

Bambrough emphasized that the positive trend signifies the increasing attention from the financial industry in cryptocurrencies, particularly from Wall Street. Nevertheless, as stated by a senior contributor at Forbes, it is plausible that the U.S. government has the potential to initiate a substantial shift in the prevailing trend.

During a recent conversation, Bambrough provided details on the upcoming executive order, highlighting its emphasis on artificial intelligence (AI) and President Biden’s expected announcement of it.

The report claims that this event has caused a great deal of anxiety in the cryptocurrency sector. Bambrough emphasized that the program, which is expected to be unveiled in the coming weeks, is meant to ensure the safe and dependable deployment of AI.

Image: Techopedia

Concerns Arise Over Potential ‘National Resource’ Tag – Its Impact On XRP, Crypto Market

Forbes reports that cryptography specialists are worried about the possibility of computer energy being designated as a “national resource.”

Possible legislative changes or limits on energy usage linked with cryptocurrency mining and blockchain technology may result from this classification, which would have far-reaching consequences for the crypto industry.

The potential consequences of this action may have a substantial effect on the decentralized characteristics and energy usage of these technologies, leading to concerns within the cryptocurrency industry.

Image: Government Accountability Project

According to Arati Prabhakar, the director of the White House Office of Science Technology and Policy, the proliferation of generative AI tools like ChatGPT has raised concerns for President Biden. Consequently, the administration is actively engaged in developing an executive order aimed at offering federal agencies guidance on the optimal utilization of AI technology.

The limitations on purchasing computing power, if imposed, could have a detrimental effect on the broader cryptocurrency market, extending its impact to assets like XRP. Concerns arise because Bitcoin miners might face constraints in acquiring computing power, affecting their productivity.

Alexander Grieve, Head of government affairs at Paradigm, expressed worries about potential restrictions, comparing the situation to “Operation Choke Point but for computing power.”

This relates to the potential classification of computing energy as a “national resource,” which might mandate cloud computing giants like Google and Amazon to disclose information if customers exceed set limits in buying computing resources for activities such as Bitcoin mining, as indicated in the report.

Featured image from Shutterstock




Source link

The post XRP Price Turmoil Anticipated Due To Biden’s Impending Executive Order appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Jojobet (464)

Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Geri dönüşü yüksek bir heyecana hazır olun! Heybetli rekabet atmosferinde keyifli bir oyun deneyimi sunan öncü bir bahis platformuna hoş geldiniz. İnternetin en güvenilir ve güçlü adreslerinden biri olarak, size en üst düzey kalite standartlarına sahip online bahis fırsatlarını sunmaktan gurur duyuyoruz. Bahis ve şans oyunları tutkunlarının beklentilerini aşan kapsamlı hizmetlerimizle sizi unutulmaz bir yolculuğa çıkarmak için buradayız. Profesyonel ekibimiz, Türkiye’nin en donanımlı ihtiyaçlarına uygun olarak sürekli yenilenen bahis seçenekleriyle geniş bir kumarhane atmosferi ile etkileyici deneyimler sunar. Farklı spor dallarında eşsiz tahmin ve analiz araçlarıyla dolu olan platformumuz, kazandıran oranlarla sizden tam not alacaktır. En yeni teknolojik yazılım alt yapımız sayesinde, kesintisiz ve sorunsuz oyunculuk deneyiminin tadını çıkarabilirsiniz. Şansın, yetene...
Enregistrer un commentaire
Lire la suite

Space loves AI, AI doesn’t love Space

Space-related applications of artificial intelligence and machine learning are often confined to the ground because moving AI onboard satellites, while promising, is significantly more difficult. “Running AI in space is like running a marathon on the moon — impressive if achieved, but limited by the environment,” said Sylvester Kaczmarek, chief technology officer at OrbiSky Systems, a London startup focused on AI edge operations. Advanced processors are power hungry, meaning satellites with onboard AI require large solar panels and extra batteries. Plus, “radiation in space can fry electronics,” Kaczmarek said. Power management is another problem. Many AI devices require very high currents at low voltages. “The demands that AI devices place on power management are new to the space industry,” said Bert Vermeire, Voyager Space chief technology officer. “There are no good solutions with space heritage and it is difficult to identify efficient and small form factor power and manageme...
Enregistrer un commentaire
Lire la suite

Earn BIG Commissions in 2023

In this post, we’re looking at the best niches for affiliate marketing . So, if you’re struggling to choose a niche for your blog or YouTube channel, this list will help. In this list, you’ll learn some key information to help you determine which is the right niche to choose for you. Information like: How big the niche is and its market share The products you can promote Sub niche ideas And some commission rates you can expect Keep reading. Best Niches for Affiliate Marketing We’ve researched and broken down 21 of the best niches for affiliate marketing, so you don’t have to. Let’s dive in. 1. Artificial Intelligence The Artificial Intelligence industry has exploded in recent years and is projected to be valued at close to US$2 trillion by 2030. That’s what makes this one of the best niches for affiliate marketing today. There is also a wide range of AI tools to promote with generous commissions. For example, LinkWhisper is an AI content optimization tool for SEO of...
Enregistrer un commentaire
Lire la suite