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Bitcoin Recoils

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Bitcoin Recoils After Fed’s Hawkish Comments — Ether, Cardano, AVAX, Solana Brace For Weekend Dip

By Newton Gitonga – April 22, 2022

Bitcoin continued to struggle to stay afloat Friday, April 22 after suffering yet another beatdown on Thursday following hawkish comments by the Fed.

As of writing, the pioneer cryptocurrency is trading at $39,943 despite tapping $42,967 on Thursday, accounting for a 5.97% decline in the past 24 hours according to CoinMarketCap. Ethereum also took a hit, albeit losing 5.32%, and is currently trading at $2,976. Other cryptocurrencies also continued to reel under a wider market drawdown with Solana (SOL) Cardano (ADA) and Avalanche (AVAX) bearing the largest brunt among the top ten altcoins, down 8.12%, 4.87%, and 6.09% in the past 24 hours respectively.

In the past 24 hours, 70,968 traders were liquidated, the total liquidations come in at $280.12 million, according to Coinglass data.


(Click image for larger view)

The drop was also mirrored in major tech stocks, with the Nasdaq 100 (NDX) slumping 4% in the last 24 hours.

The havoc has been attributed to hawkish comments by Fed Chair Jerome Powell on Thursday stating that the plan to raise the benchmark U.S. interest rates by 50 basis points (0.5%) “will be on the table” during the next Federal Open Market Committee(FOMC) sitting.

“I would say 50 basis points will be on the table for the May meeting,” Powell said during a panel meeting presented by the International monetary fund (IMF), raising expectations for the move in May. The comments come on the heels of the Fed rolling out an aggressive policy to tame inflation which has climbed to a rate of 8.5%, the fastest in four decades. His assertions have however mostly led to BTC dumping, as investors shield from the effects of an increasingly erratic FED.

“From the investor point of view and especially from an equity point of view, the words are great but there has to be some meaning and there actually has to be some action,” Andrew Maynard, Managing Director and Head of Equities at China Rennaisanse told CNBC on Friday.

That said, traders continue to view Powell’s comments as posing risk to cryptos in the short term and now closely watching macroeconomic indicators. The crypto market seems to still be strongly correlated with the equity market with the 90-day tie-in between the top cryptocurrency and the S&P500 hitting the highest level in BTC’s history. Sadly, the S&P500 does not look so good.

From a technical perspective, traders are closely watching the $40,000 support as we move into the weekend, with $37,800 being the strongest support level in sight. On the upside, Thursday’s swing high of $42,967 continues to pose a stake especially if the weekly candle closes in the red. To kickstart a strong upward move in the short term, BTC must settle above $40,250 and the 100 moving average. If bulls are successful, the price could push to the $44,000 resistance level.

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DISCLAIMER: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.

The original article written by Newton Gitonga and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

** Get secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **

Tim Moseley

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91-year-old Holocaust survivor dies in Mariupol

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As a child, Wanda survived the Nazi roundup by hiding in a cellar. Of all places, it was in a cellar that the Ukrainian woman died 81 years later.

A 91-year-old Holocaust survivor has died in the heavily contested south-eastern Ukrainian port city of Mariupol, according to the Jewish community.

"At the age of ten, Wanda Semyonova Obyedkova survived the Germans by hiding in a basement in Mariupol. 81 years later, she died in a basement in the same city while hiding from the Russians as a result of the terrible war," the Auschwitz Museum announced on its Twitter channel. News of the woman's death went viral on social media on Wednesday.

According to the report, Obyedkova had already died on 4 April. Her daughter Larissa reported that she and her husband had subsequently had to bury the 91-year-old in a city park while the city was being bombed. The couple was then able to flee Mariupol. Much of the news from the city is delayed because there is no internet and rescued people cannot communicate with the outside world until they are in a safe place.

Obyedkova was born in Mariupol on 8 December 1930 and was ten when the SS rounded up the local Jewish population to murder them on the outskirts of the city after the Wehrmacht invaded Mariupol. It is estimated that between 9,000 and 16,000 Jews were killed, including Objedkova's mother.

Little Wanda survived the Nazi roundup by hiding in a cellar. When she was discovered later, friends of the family were able to convince the SS that the girl was of Greek descent. The child was thus saved from execution

 

Tim Moseley

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Gold silver pressured by rising bond yields technical selling

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Gold, silver pressured by rising bond yields, technical selling

Gold and silver prices are lower in midday U.S. trading Thursday, pressured in part by rising U.S. Treasury yields and on selling from the shorter-term futures traders. The near-term chart postures for the two metals have deteriorated this week, to embolden the chart-based bears. June gold futures were last down $13.10 at $1,942.50 and May Comex silver was last down $0.721 at $24.535 an ounce.

The U.S. stock indexes are mixed at midday. The U.S. stock index bulls are having the better week, so far, as near-term price downtrends in the indexes have stalled out. However, risk appetite among traders and investors is by no means robust due to major geopolitical concerns.

The World Bank and IMF meetings continue in Washington, D.C. today. Major central bank chiefs, including Fed Chair Powell, are scheduled to speak on and IMF panel today. The central bankers are expected to sound hawkish tones on their monetary policies.

The Fed's 'Ponzi Scheme' is crushing the middle class, this may be the only way out – Natalie Brunell

Nymex crude oil futures prices are higher today and trading around $104.00 a barrel. The U.S. dollar index is firmer today. The yield on the 10-year U.S. Treasury note is presently fetching 2.95%.

Technically, June gold futures bulls still have the overall near-term technical advantage but have faded this week and need to show fresh power soon. Bulls' next upside price objective is to produce a close above solid resistance at $2,000.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,900.00. First resistance is seen at today’s high of $1,960.10 and then at $1,972.50. First support is seen at today’s low of $1,938.00 and then at $1,928.00. Wyckoff's Market Rating: 6.5.

May silver futures bulls have the overall near-term technical advantage but have faded this week and need to show fresh power soon. Silver bulls' next upside price objective is closing prices above solid technical resistance at $26.00 an ounce. The next downside price objective for the bears is closing prices below solid support at $24.00. First resistance is seen at $25.00 and then at today’s high of $25.31. Next support is seen at $24.20 and then at $24.00. Wyckoff's Market Rating: 6.0.

May N.Y. copper closed up 470 points at 469.95 cents today. Prices closed nearer the session high today. The copper bulls have the overall near-term technical advantage. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the April high of 486.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 450.00 cents. First resistance is seen at today’s high of 471.80 cents and then at 475.00 cents. First support is seen at this week’s low of 461.95 cents and then at 460.00 cents. Wyckoff's Market Rating: 6.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

 

 

Tim Moseley

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Ukrainian Mariupol fallen

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Ukrainian Mariupol fallen

The Ukrainian town Mariupol at Azov sea had fallen, The city of Mariupol is under the control of the armed forces of Russia, the Donetsk People's Republic and the Luhansk People's Republic, announced Russian Defense Minister Sergei Shoigu. The attack on the azovstal steel works, located in the city and hiding in them the remaining Ukrainian defenders of the city, Russian President Vladimir Putin canceled, wrote the agency Tass.

"Today the whole of Mariupol is under the control of the Russian army, the people's militia of the Donetsk People's Republic. The territory of the azovstal plant with the remnants of nationalists and foreign mercenaries located there is safely blocked, " minister Shoigu said.

More than two thousand militants were blocked in the azovstal steelworks. According to Shoigu, at the time of the encirclement of Mariupol, the number of foreign troops fighting on the side of Ukraine was about 8100 people.

"As for those who did not flee from the azovstal plant, they are blocked there thoroughly and around the perimeter. We need about three to four days to complete this work, " Shoigu said.

According to the minister of defense, despite the resistance of militants in Mariupol, more than 142 thousand residents of the city were evacuated, and all hostages in the port were released.

These hot news are from Czech websites.

                        Thank you for reading     

                                                               Margaret

Tim Moseley

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Gold silver bulls fading and need a fresh spark

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Gold, silver bulls fading and need a fresh spark

Gold and silver prices are modestly weaker in midday U.S. trading Wednesday, on some more downside corrective action after recent gains. Bulls are fading and need a fresh fundamental element to boost them and to keep alive the near-term price uptrends in the two precious metals markets. June gold futures were last down $4.20 at $1,955.00 and May Comex silver was last down $0.146 at $25.245 an ounce.

Global stocks markets were mixed overnight. The U.S. stock indexes are mixed at midday. The U.S. stock indexes have stabilized but are still in near-term price downtrends. Equities traders are presently focused on corporate earnings reports. Risk appetite is still not robust in the marketplace amid the Russia-Ukraine war and the Covid outbreak in China.

WW3 will not be a ground war, this is what it would look like instead – Brian Rose

Nymex crude oil futures prices are weaker today and trading around $101.00 a barrel. The U.S. dollar index is lower today after hitting a two-year high Tuesday. The closely watched yield on the 10-year Treasury note is presently fetching 2.88%.

Technically June gold futures bulls still have the overall near-term technical advantage but have faded this week and need to show fresh power soon. Bulls' next upside price objective is to produce a close above solid resistance at $2,000.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,915.00. First resistance is seen at $1,972.50 and then at Tuesday’s high of $1,985.10. First support is seen at today’s low of $1,941.00 and then at $1,928.00. Wyckoff's Market Rating: 6.5.

May silver futures bulls have the overall near-term technical advantage but have faded this week and need to show fresh power soon. Silver bulls' next upside price objective is closing prices above solid technical resistance at this week’s high of $26.495 an ounce. The next downside price objective for the bears is closing prices below solid support at $24.00. First resistance is seen at $25.50 and then at $25.75. Next support is seen at $25.00 and then at $24.50. Wyckoff's Market Rating: 6.5.

May N.Y. copper closed down 685 points at 464.95 cents today. Prices closed nearer the session low and hit a four-week low today. The copper bulls have the overall near-term technical advantage but are fading. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the April high of 486.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 450.00 cents. First resistance is seen at today’s high of 470.90 cents and then at 475.00 cents. First support is seen at today’s low of 461.95 cents and then at 460.00 cents. Wyckoff's Market Rating: 6.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

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US Treasury Sanctions Russian Bitcoin Miners

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U.S Treasury Sanctions Russian Bitcoin Miners

by Shawn Amick 

 

The Treasury department announced sanctions against companies and individuals who enable fiat payments or infrastructure for bitcoin mining in Russia.

  • The U.S Treasury is applying sanctions against bitcoin mining in Russia.
  • The sanctions seek to impede the capacity for individuals to receive fiat payments, as well as computer hardware by applying pressure on the supply chain and payment processors.
  • According to the University of Cambridge, Russia is the third-largest country in the world for bitcoin mining."

The United States Treasury Department released a press release today announcing new sanctions aimed at bitcoin mining in Russia for their ongoing war in Ukraine, as they are the third-largest bitcoin miner in the world according to the University of Cambridge.

The Treasury department stated that reliance on fiat payments and the importation of computer equipment makes Russia vulnerable to sanctions if the U.S focuses on hindering the companies providing those services.

Since government entities cannot stop the actual process of mining bitcoin, the U.S Treasury decided to utilize other attack vectors that weaken the supply chain.

“Treasury can and will target those who evade, attempt to evade, or aid the evasion of U.S. sanctions against Russia, as they are helping support Putin’s brutal war of choice,” said Brian Nelson, Under Secretary for Terrorism and Financial Intelligence. “The United States will work to ensure that the sanctions we have imposed, in close coordination with our international partners, degrade the Kremlin’s ability to project power and fund its invasion.”

One particular bitcoin mining company, Bitriver, was addressed in the press release thoroughly. Founded in 2017, Bitriver has three offices scattered across Russia. Legal ownership was changed to a Switzerland-based holding company in 2021. This company has been designated as operating in the “Russian Federation economy,” thereby making it and its ten Russian-based subsidiaries sanctionable.

In January, Vladimir Putin stated that Russia has distinct advantages when it comes to bitcoin mining as it relates to the energy surplus and climate conditions provided to them. The U.S Treasury agrees with the Russian president, stating “Russia has a comparative advantage in crypto mining due to energy resources and a cold climate.”

Tim Moseley

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Czechia and Slovakia in wild times

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Czechia and Slovakia in wild times

Since 1993 devided into this two states = Czech republic and Slovak republic, former Czechoslovakia. Our territory is in center of Europe but as we are relatively small two states you will not read a lot about us in the last months though we are in a way in the heart of events.
Slovakia has about 90kms border with Ukraine, Czechia not but in spite of it we are the target of many Ukrainians escaping from the terrible war conflict. Already before the battles in Ukrainian territory started in Czech Republic lived about 250 000 Ukrainians. Finding here language belonging to the Slav languages and relatively good opportunities in comparison with their home country a lot of them are staying for a long time. What is a bit surprising for me is that many left their children with their grandpas and grandmas in their home country. That shows how economically difficult must be the situation in Ukraine for long time already.


Since the end of February came over 300 000 Ukrainians to Czechia. That is really a lot to manage when you consider that Czech republic has about 10,7 million inhabitants. Slovakia is smaller with about 5,4 million inhabitants. 
Having in Czechia already family members or friends it is logical a lot of people coming from Ukraine want to stay in our country. But for Czechia it is really a very big number of people.

Ukrainians waiting on border

In 2018, the world-famous Czech demographer Tomáš Sobotka of the Vienna Demographic Institute participated in an international study that confirmed the "exodus" of residents from east to west of Europe. The study already four years before the war in Ukraine predicted a steady decline in the population of Ukraine and other eastern European states and the movement of their population in a westerly direction. The war is likely to intensify the exodus of eastern Europeans. So will there not eventually be a kind of " people-free zone " separating Russia from the European Union on the territory that the Ukrainians are defending? And is there any way to prevent the depopulation of Ukraine? According to Tomáš Sobotka, hardly. "I estimate that in the Czech Republic will remain 60 to 70 percent of Ukrainian refugees," he says.
Up to half a million refugees are likely to arrive directly in the Czech Republic. This is calculated by one of the scenarios of the Ministry of internal affairs at beginning of April.
That is really an extreme number especially when our national economy is weakened by the covid crisis. Minister of interior of Czech republic said that government has prepared several scenarios and the most probable is considered that about 500-600 thousands of Ukrainians will come.
Most of refugees want to stay in capital Praha and that is causing a lot of problems. Praha with 1.32  million inhabitants has just now already 70 000 Ukrainians which is 5,25%.

        Thank you for reading

                                             Margaret
 

Tim Moseley

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Gold silver succumb to big drop in crude oil rise in bond yields

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Gold, silver succumb to big drop in crude oil, rise in bond yields

Gold and silver prices are a sharply lower in midday U.S. trading Tuesday, on a big downside price corrections after both metals hit five-week highs on Monday. Solid losses in the crude oil market and rising U.S. Treasury yields on this day also worked against the precious metals market bulls. June gold futures were last down $26.90 at $1,959.60 and May Comex silver was last down $0.775 at $25.37 an ounce.

Global stocks markets were mixed to weaker overnight. The U.S. stock indexes are higher at midday. Still, the U.S. stock indexes have become wobbly and are now in near-term price downtrends. Risk aversion in the global marketplace remains extra elevated amid the Russia-Ukraine war that shows no signs of ending. Inflation concerns have also hurt stocks and bonds.

IMF's warning: Russia's war in Ukraine severely hurts global growth, adds to decade-high inflation

Nymex crude oil futures prices are sharply lower today and trading around $103.00 a barrel. The U.S. dollar index is firmer today and hit a two-year high. The closely watched yield on the 10-year Treasury note is presently fetching 2.898%, near a three-year high.

Technically June gold futures bulls still have the firm overall near-term technical advantage. Bulls' next upside price objective is to produce a close above solid resistance at $2,000.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,915.00. First resistance is seen at $1,972.50 and then at today’s high of $1,985.10. First support is seen at $1,950.00 and then at $1,940.00. Wyckoff's Market Rating: 7.0Live 24 hours silver chart [ Kitco Inc. ]May silver futures bulls have the firm overall near-term technical advantage and have momentum. Silver bulls' next upside price objective is closing prices above solid technical resistance at the March high of $27.495 an ounce. The next downside price objective for the bears is closing prices below solid support at $24.045. First resistance is seen at $26.00 and then at today’s high of $26.195. Next support is seen at today’s low of $25.21 and then at $25.00. Wyckoff's Market Rating: 7.0.

May N.Y. copper closed down 990 points at 470.20 cents today. Prices closed nearer the session low today. The copper bulls have the overall near-term technical advantage. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the April high of 486.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 450.00 cents. First resistance is seen at 475.00 cents and then at 480.00 cents. First support is seen at today’s low of 468.05 cents and then at the April low of 462.40 cents. Wyckoff's Market Rating: 6.5.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

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The Central Hub Of The Markethive Economy – The Wallet

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The Central Hub Of The Markethive Economy – The Wallet

What Does The Wallet Do? 
What Does It Mean For You? 

 

The launch of the Markethive wallet is approaching, so it’s time to start beating the proverbial drum. It is the start of an exciting time with the advent of many integrations to follow the release of the wallet that will bring Markethive into prominence as an unprecedented platform. The combination of inbound marketing, social media, digital broadcasting, video, conference rooms, e-commerce, gamification, etc. 

Markethive is a blockchain-driven crypto economy, all-inclusive, with a distributed database system required for this decentralized, monolithic global project. We’re almost there with the release of the wallet that will initiate entrepreneurial sovereignty and open the floodgates of this divine enterprise with its plethora of systems and services, including the new interface and dashboard. 

We now have a complete working wallet with the Solana Network, and we also have a fully functional crypto merchant account. The Markethive wallet is being polished with the finishing touches, keeping mindful that it’s not just a simple wallet but a comprehensive, dynamic engine centralized for you that powers your platform and business.

Markethive is fundamentally a sophisticated inbound marketing and storefront platform, integrated with a social network, and not just another social media platform you see popping up to counter the media tech giants we’ve come to know as oppressive, censoring you and using your personal data for their own gain. 


Markethive Pay Transaction Example

 

Your Very Own Merchant Account

The Markethive platform is massive, and it lends itself to the cottage industry concept allowing members to monetize the various initiatives within Markethive. It also allows you as an entrepreneur and business owner to facilitate and promote every aspect of your business, including eCommerce payments, right from your business Storefront in Markethive. 

In other words, you will have a personal Merchant Account that you can plug in to your WordPress or Storefront group through Markethive. You will be able to utilize your chosen wallet address for payments relating to your business, and it will keep track of everything for you. You will not have to rely on APIs and third parties that can shut you down at a whim because you don’t go along with their agenda. 

 

The Functionality Of The Wallet

The wallet is not just a wallet to send coins out from Markethive to an exchange. It will house the functioning and tracking of the ILPs, your transactions, subscriptions, statements, payments, and the Vault. The Vault is home for your Markethive Credits, likened to a stable coin. 

You can fund your vault with Markethive Credits via various cryptocurrencies, Bitcoin, Ethereum, Litecoin, Hivecoin, Credit/debit cards, and a payment processor new to Markethive, wise.com. Due to the adversarial nature of PayPal, the processor will not be available. More updates will come as we finalize all the moving parts of this comprehensive mechanism.

With the tightening of crypto regulations by the unforgiving, anti-business sentiment of the US government, it is in everyone’s best interest to stake Markethive Credits instead of Hivecoin. If we were to stake HVC, the regulations require Markethive to report monthly all individuals' staked earnings. This would be a tedious, expensive exercise and not one any of us as a community or individual would want. 

As Markethive Credits are not classed as crypto, it sidesteps these regulations and allows us to accumulate Hivecoin passively. Utilizing the Vault by having an ongoing threshold balance of Markethive Credits is a form of staking. In other words, keeping any amount in the Vault above your monthly commitments (e.g., subscriptions) that are automatically debited from your vault generates interest. 

The higher the threshold balance, the more interest you receive, and it also increases your Hive Ranking, which also increases your interest. You cannot trade or sell your Markethive Credits; they are for purchasing services within Markethive, so the vault can be considered a debit card. 

Equally, it can be used as a bank account, except the interest received from banking your funds in the Vault would be considerably more than a regular bank account. With interest being paid to you in Hivecoin, it also has increased worth as the price of the coin rises. 


Markethive Wallet Example

 

Markethive’s Coin-Only Exchange 

Markethive is also in the process of setting up an offshore corporation to be able to facilitate a coin-only exchange wholly owned by Markethive, similar to Yobit. 

Why is it important to have our own exchange system?

Markethive has a tremendous amount of activity with its coin through its members, so the way to document that for other exchanges to view the millions of transactions is to have our own exchange. This makes it conducive for other coin-to-fiat exchanges to have Markethive on board and allow trading (buy/sell), invoking pre-eminence and increased market value. 

Markethive is not just building a non-purposeful meme coin like Doge or Shiba, nor are we creating a simple exchange. It’s a comprehensive, dynamic platform that will serve humanity on every level imaginable, helping us through these difficult times and into the light where our personal sovereignty will rise in harmony and abundance in the collective.

 

Benefits Of A Reduced Total Coin Supply 

Along with the integration to the Solano Blockchain, Markethive will drastically reduce the total supply of Hivecoin into the low millions (actual amount to be advised). This means the price potential for HVC, through supply and demand, will increase a hundredfold+ and benefit you as a Hivecoin holder.

Think of Bitcoin's total Market supply of only 21 million coins as opposed to the other altcoins with a supply into the trillions. (less supply, more demand, market price increases.)

It will also make Hivecoin kinetic and benefit you when building your business within Markethive with all the tools and services you and others need all transacted with Hivecoin. The implementation of a gamified system will draw people in, which in turn broadens your sphere of influence as you use the system. 

As this activity takes place, it expands the usage, awareness, and adoption of Markethive services, which then drives up the demand for the coin. It creates an alternative economy, a complete ecosystem for entrepreneurs of every caliber making a living online. It makes Hivecoin legitimate as it has purpose and utility, unlike so many other tokens out there that have very little to no purpose and a total supply into the billions and trillions.

 

 

Entrepreneur One Upgrades First Access. Automatic KYC

The Entrepreneur One members will be the first to receive access to the wallet. KYC (Know Your Customer) will also be implemented for all members. Notably, if you register a credit card within Markethive, you will automatically be KYC level two. Uploading your passport or driver's license and utility bill will be classed as KYC level one.    

What this means for you when building your business is that the people you are dealing with in Markethive are verified and legitimate. They are who they say they are, and your level of engagement will be much better and more genuine than on any other social network. 

It’s important to understand that the Entrepreneur One Upgrade will no longer be available upon release of the wallet. Existing, current E1 members will continue to enjoy the benefits of the upgrade, including receiving a 1/10th ILP for every year their subscription is active for up to ten years. The benefits are explained further in this article.  

 

The Premium Upgrade will also launch once the wallet is released, with many benefits for Markethive members. It increases your earning potential and allows you to monetize the initiatives Markethive has implemented. Click here to preview the features of the Premium Upgrade.

There's still time to upgrade to Entrepreneur One and be privy to the complete Markethive system that can be described as a cottage industry with money machines that champions everything else out there. You will be one of Markethive's early adopters and have a rare opportunity to cement your future of self-sovereignty. 

How can you forge your future as an Entrepreneur and get your share of ILPs with the Entrepreneur One Loyalty Program? 

By clicking on the Membership Upgrade tab on the main menu of the home page and following the prompts.

The precarious state the world is in provides us with the opportunity to take advantage of emerging technology to “unhook” from the global majority and its nefarious, corrupt systems.

Markethive truly wants everyone to succeed and have a sustainable business that’s making you a sustained income from anywhere in the world. That’s the Markethive promise, the vision, and what we’re building. 

Be with us at the Sunday meetings at 10 am Mountain time to learn more and stay updated with the latest Markethive news. You’ll find the link to the meeting room in the Markethive calendar.

God Bless you all with Light and Love. 

 

Also published @ BeforeIt’sNews.com https://beforeitsnews.com/promotional/2022/04/the-central-hub-of-the-markethive-economy-the-wallet-3033.html

Tim Moseley

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OpenAI’s major upgrade

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OpenAI’s major upgrade…

by Jeff Brown, editor, The Bleeding Edge

This AI image generator just got an impressive upgrade…

OpenAI’s text-to-image generator DALL-E just got a major overhaul. This is an artificial intelligence (AI) system developed by OpenAI that can generate images from text. Users simply tell the AI what they want to see, and the AI creates the image from scratch.

Last year, DALL-E was remarkably good at producing basic images of single objects like a chair or a cat. However, those images look almost archaic compared to what the upgraded version of DALL-E can do. Check this out:

 

OpenAI's major upgrade…

Source: OpenAI

The AI created this image in response to a request for “Teddy bears mixing sparkling chemicals as mad scientists, steampunk.”

Talk about a specific, yet complex, request – but DALL-E nailed it. The first version couldn’t come close to anything as complex as this.

Here’s another one:

DALL-E Shiba Inu Image

Source: OpenAI

This is what the AI produced in response to “Shiba Inu dog wearing a beret and black turtleneck.”

This looks incredibly lifelike. It could be a photograph of someone’s dog. But the AI created this entirely from “memory.” That’s what is so impressive.

 

 

This new-and-improved version of DALL-E also comes with an “edit” feature. After the AI generates an image, users can add items or make changes at will.

For example, the person who asked DALL-E to create the Shiba Inu image could tell the AI to make the beret a different color or maybe add sunglasses.

Then the AI would make those changes within milliseconds. And if users don’t like the edits made, they can change or undo them just as quickly.

This new generative AI is extraordinary, to say the least. It is capable of producing original art/design in a matter of seconds.

It’s not hard to imagine how technology like this can compress the creation and editing of design-quality images to mere seconds. This is a process that would take hours, days, or even weeks when done manually by a designer.

And with generative AI like this, anyone can create unique images and art.

It's not yet available to the public, but we’ll start to see this tech put to use soon. OpenAI will be licensing out the technology to other tech companies that will leverage the AI. Companies that produce software for designers and artists will likely adopt technology like this as a way to enhance creativity.

And I’m sure that there will also be some fun consumer applications that leverage this technology. I can even imagine integration with common social media applications. GIFs are so popular these days, that I can imagine that consumers would love to be able to create a custom GIF or image to add some pizzazz to their text.

 

New Opportunities Are Emerging For Citizens of The World.

Freedom and democracy may appear to be struggling to stay alive in America, but there may be a knock-out punch ready to be released. The evolution of the blockchain-enabled metaverse is going to enable the 'Citizens of the World' to gain their own Freedom by democratizing power and creating a new world with new rules, new players, and new opportunities. For 99.99% of us, the metaverse will improve our real-world lives through the democratization of power and opportunity.

Along with the major long-term trend of society towards decentralization and smaller-scale organizations, there are new opportunities developing to help 'Preparers' in the cryptocurrency sector. Businesses are beginning to issue their own Crypto Coins that can be traded on Cryptocoin Exchanges.

Markethive.com for example will be releasing its HiveCoin (HIV) in the coming weeks. It has tremendous upside potential that is outlined in a Video by Founder Tom Prendergast, "Entrepreneur Advantage…".

Not only that, if you go to their website and register as a FREE Member, you will be given 500 HiveCoins for "FREE" along with access to several Earning Opportunities and online tools to increase your HiveCoin balance.

Be sure to check it out today – Markethive.com

Markethive

Tim Moseley

The Artist that came out of the Winter