Ether price rose to an 11-month high

Good morning. Here’s what happens:

the prices: Ether has continued its rally after last week’s Shanghai upgrade on the Ethereum blockchain, reaching an 11-month high.

ideas: Michael Casey, Chief Content Officer at CoinDesk, writes that sufficiently decentralized ownership and control will prevent any single party from dictating the development of AI.

Traders have speculated for months whether the price of ether (ETH) will collapse after Shanghai upgrades the Ethereum blockchain, or if it will soar.

And it continued to rise, gaining in four of the past five days, reaching an 11-month high on Sunday of around $2,141.

ETH price is now up 77% year-to-date, still lagging Bitcoin (BTC) price gains of 83% in 2023 but quickly recovering.

“The market pessimism about Ethereum stake withdrawals has proven excessive,” Sean Farrell, FundStrat’s head of digital asset strategy, said last week.

Web2 AI Lesson: Decentralizing to Protect Humanity

This would sound straightforward coming from someone who doesn’t write code, let alone have any direct experience with machine learning or artificial intelligence (AI) research.

But I have to say it: The recent troubling request of a Six months pause or even a Military forced closure In AI research — from people with expertise, money, and influence in the AI ​​industry — is founded on some fundamentally flawed thinking that will encourage the same dehumanizing outcome we seek to avoid. That the United States government simultaneously orchestrated a crackdown on the crypto industry, an area of ​​open-source innovation that advances the kind of encryption technologies and coordinate networks needed to manage AI threats, makes this a particularly dangerous moment for all of us.

These pessimists are computer scientists, not students of economic history. The problem in and of itself is not that an out-of-control AI can do Evolve to kill us all. (We all know that for decades Hollywood taught us that it is.) No, the task is to ensure that the economics of AI intrinsically discourage that apocalyptic outcome. We must prevent concentrated control of the inputs and outputs of AI machines from impeding our ability to work together in the common interest. We need to develop team and collaborative software that creates a computational antidote to these dystopian nightmares.

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The answer is not to stop AI innovation and shut down OpenAI, the creator of ChatGPT, the industry leader that has brought the field to its current level of sophistication, to a position of prominence. On the contrary, this is the best way to ensure that the nightmare will come true.

Read the full story here:

Ether was over $2,100 as many investors opt for the prospect of additional liquidity while earning rewards for wanting to take instant profits and run them. Michael Safai, Managing Partner of Dexterity Capital, shared an analysis of the cryptocurrency markets. Additionally, the Blockchain Association’s Director of Government Relations Ron Hammond weighed in on the state of cryptocurrency regulation ahead of SEC Chairman Gary Gensler’s testimony to lawmakers next week. And Lisa Green Lewis, a tax expert at TurboTax, shared tips on what crypto investors need to know ahead of tax day.