Bitcoin developer Matt Carallo says Bitcoiners are looking to “blame something” for the asset’s sluggish price, dismissing quantum fears as the culprit. Bitcoin’s recent sell-off isn’t due to quantum computing fears, because if that were the case, Ether would be soaring, says Bitcoin developer Matt Carallo. “I strongly disagree with the characterization that Bitcoin's current price is materially, because of some kind of quantum risk,” Carallo told journalist Laura Shin on the Unchained podcast on Thursday. “If that were true, then Ethereum would be up substantially on Bitcoin,” he added. Ether (ETH) is down 58% since a major crypto market crash in early October, trading at $1,957 at the time of publication. Read more
(LEFT) Iran and Russia carry out a joint military exercise; while (right) US Air Force planes are seen on the tarmac at the Sofia airport in Bulgaria.—Reuters • Trump says Tehran has ‘10 days’ to make a deal with Washington, or ‘bad things will happen’ • Kremlin urges restraint; Germany pulls troops out of Iraq; Poland tells citizens to leave Iran WASHINGTON: War clouds are looming over the Middle East, as US warplanes and aircraft carriers head toward Iran in preparation for possible military action. Renewing his threats towards Tehran, President Donald Trump indicated on Thursday that the country has around 10 days to reach a deal with Washington, or “bad things will happen”. CNN and CBS reported on Wednesday that the US military would be ready to launch strikes against Iran as early as this weekend, though Trump has reportedly not made a final decision yet. White House Press Secretary Karoline Leavitt warned on Wednesday there were “many reasons and arguments that one could make for a strike against Iran”...
Tech investor Jason Calacanis says he’s paying around $110,000 annualized to run an AI agent, more than most US salaries, and it’s not running at full capacity. The high costs of deploying and running artificial intelligence agents in the workforce may prevent them from replacing humans who can do the same work at lower cost, say two multimillionaire tech investors. Tech investor Jason Calacanis said on the All-In podcast on Saturday that he has been paying $300 per day for an Anthropic Claude AI agent to help run his businesses, despite the bot only operating at 10% to 20% of full capacity. “When do tokens outpace the salary of the employee?” Calacanis questioned, referring to the usage allowance, called tokens, that users must purchase to use most AI models. Read more