O.XYZ, a blockchain and artificial intelligence company that specializes in crypto and artificial intelligence services, is currently facing accusations of falsely exaggerating its technical claims and taking aggressive measures to suppress internal dissent. According to sources, the company has overstated its capabilities, claiming that it can connect more than 100,000 AI models, run 20 times faster than competitors, and have powerful hardware that it doesn't actually have. The company has also been accused of overstating the value of its satellite program and misrepresenting its token offering, raising questions about its transparency and accountability. Sources say holders of the company's recently launched O.XYZ tokens are at risk of being compromised as a result of the allegations.
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Summary of Powell's speech on April 16:
1. Interest rate outlook: Uncertainty is high; currently in a good position, waiting for clearer signals before considering adjusting the policy stance.
2. Economic Outlook: The US economy remains "solid", with strong imports weighing down in the first quarter, and GDP growth may be lower than last year...
Federal Reserve Chairperson Jerome Powell said on Wednesday that market expectations that the central bank would act to calm the volatility may be wrong. Asked if the central bank would intervene in response to a sharp drop in the stock market, Federal Reserve Chairperson Powell said: "My answer is no...
The dollar index, which measures the greenback against major currencies, fell 0.83 percent on the day to close at 99.385 in late foreign exchange trading.
Federal Reserve Chairperson Powell: AI is not just a stronger version than Google, but more like a better version of humans. Artificial intelligence could be a huge change. Artificial intelligence is one of two or three factors that could bring about dramatic changes to the economy, but it is difficult to predict how it will ultimately affect. Artificial intelligence is still in its early stages.
The US Treasury won the bidding for a $13 billion 20-year Treasury issue yielded 4.81%, compared to a pre-issue trading level of 4.814% at 1pm ET. The win the bidding yield was 4.810%, compared to 4.632% last time. The bid multiple was 2.63 times, compared to 2.78 times last time. The primary dealer won the bidding for 17%, compared to 8.8% last time. The direct bidder won the bidding 12.3%, compared to 22.4% last time. The indirect bidder won the bidding for 70.7%, compared to 68.8% last time.
Federal Reserve Chairperson Jerome Powell: Cryptocurrencies are gradually becoming mainstream, and establishing a legal framework for stablecoins is a good idea.