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Artificial Intelligence has emerged as the most prominent technology. However, the development has raised concerns over human jobs.
As per Reuters, on March 21, 2024, the United Nations General Assembly unanimously adopted the first global resolution on artificial intelligence to safeguard human rights, personal data, and other factors in the region.
The resolution also backs the strengthening of privacy policy. It is crucial to note that the United States proposed it, and China is the co-sponsor with 120 other countries.
Linda Thomas-Greenfield, the U.S. Ambassador to the United Nations, said, “Today, all 193 members of the United Nations General Assembly have spoken in one voice, and together, chosen to govern artificial intelligence rather than let it govern us.”
Artificial Intelligence is clearly the most promising technology right now, and dozens of giant firms have invested billions of dollars to back the advancement. There are claims that the AI industry is expected to reach $1.8 Trillion by the end of 2030.
Jake Sullivan, the U.S. National Security Advisor claimed that the negotiation of regulations took around four months but gave the globe “a baseline set of principles to guide next steps in AI’s development and use.”
For the past few quarters, AI technology usage in crypto trading has grown significantly. Artificial Intelligence gives crypto traders access to sophisticated algorithmic trading strategies that use machine learning techniques and models.
The ML models delve into historical price data and trading volume and analyze sentiment from news social media.
Crypto News Updates
Coinbase, a leading cryptocurrency exchange, and BlackRock, the world’s largest asset manager, have allied to launch BUIDL. It is a blockchain-based fund that aims to offer a new feature of earning U.S. dollar yield by blending blockchain and traditional finance sectors.
An Estonian media outlet reported on March 21 that the nation’s government has enacted a bill requiring a legal requirement and licensing process for digital asset service providers.
Market Price Overview
The cryptocurrency market capitalization fell bare-handedly in the past 24 hours; when writing, it was $2.47 Trillion. Earlier this month, it reached above $2.65 Trillion, and there were speculations that it might reach $3 Trillion.
Bitcoin (BTC) has shown a bearish motion, and its price faced a decline of 3.22%; as of writing, it was trading at $64,885. After the approval of the Bitcoin spot ETF, its price skyrocketed and traded at its all-time high.
Since the first day, 2024, it has proved profitable for crypto enthusiasts and investors, and a bullish trend has been observed. Ethereum, the second most prominent cryptocurrency in terms of market capitalization, lost 3.00% of its price.
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
