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Crypto Trader Turns Bullish on Bitcoin (BTC), XRP, and One Ethereum (ETH) Rival – The Daily Hodl

A widely followed crypto trader is anticipating bullish price action for Bitcoin (BTC), XRP and one Ethereum (ETH) rival.

The pseudonymous trader known as Credible Crypto tells his 338,000 Twitter followers that a new all-time high (ATH) for Bitcoin is closer than everyone expects, and thinks the narrative of a halving-driven rally in mid-2024 is probably overrated.

For those not expecting new ATH til 24 or 25 cause of [the] halving:

You know there will only be 21 million BTC thats why you buy/hold BTC now. This info is known and therefore priced in.

You also know theres a halving every four years.

What makes you believe the former is priced in but the latter isnt?

Since the trader is expecting Bitcoin to rally hard in the coming months, hes also bullish by extension on several altcoins. According to Credible, Ethereum challenger Hedera (HBAR) is potentially one of the best opportunities on the altcoin market.

Credible compares Bitcoins price action over the last couple years to artificial intelligence-focused altcoin Fetch.AI (FET), and notes that HBAR could potentially be in for more upside if it follows the same pattern.

If youre bullish on BTC for the next six+ months, theres probably no better time to load up on HBAR than now. Cant expect much better of a high timeframe entry if you missed the tap of $0.03 in my opinion. Ive added to my stack at $0.06 for the first time in a long time and wont sell until new ATH.

The trader is currently targeting a short-term price of around $0.08, about 10% above current price levels at time of writing.

First short term target (red line) from my vid update on HBAR hit. Now looking for a push up to the second target at around $0.08.

Credible is also bullish on XRP, the token used for Ripples payment network. He sees XRP doing well particularly on the back of the remittance industry.

Theres a reason Ripple decided to focus on this particular niche with XRP. There are a lot of things you can do with a cheap and fast crypto, but cross border remittances is a massive market that is ripe for disruption by a superior tech like crypto.

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John E. Deaton Claims XRP Is The Top Altcoin With A Comeback Story – NewsBTC

Founder of CryptoLaw, John E. Deaton, has termed XRP the best comeback coin amidst altcoins in the cryptocurrency industry. In a recent tweet, the attorney cited XRPs resilience amid criticisms and attacks from regulators and industry leaders.

According to Deaton, XRP earned its title as the comeback coin since it remained relevant even through periods of low momentum. The lawyers statements follow a tweet from a well-known crypto Youtube channel, Altcoin Daily, asking the crypto community which altcoin project had the best comeback story.

In his tweet, Deaton highlighted XRPs challenges while citing Ripples backlash when it first marketed XRP as a liquidity solution for banks. Ripples proposition did not sound interesting to BTC proponents at the time.

Related Reading: Six Million Bitcoins Now Lost Forever? Why This Matters

Aside from this, Ethereum co-founder Vitalik Buterin labeled XRP a shitcoin in 2020. That was at the start of Ripples legal tussle with the SEC over XRP being a financial security.

Buterins statement came in response to Ripples Wells submission, where it defused SECs accusation against its XRP offerings. The native token received more pressure when the SEC continued its legal action against Ripple, terming XRP a security.

John E. Deaton stated that the SECs XRP classification should have crumbled the project as the XRP price plummeted. In addition, XRP lost $15 billion from its market cap as US-based cryptocurrency exchanges delisted it due to fear of the SECs enforcement action. Despite all the troubles, XRP maintained its position among the top 10 cryptocurrencies by market capitalization.

But its story is incomplete since the SEC and Ripples court fiasco remain at the climax. The comeback story can only be full if Ripple wins against the SEC.

John E. Deaton represents the token holders as amicus curiae in Ripples lawsuit. He has been actively following up and participating in the lawsuit court proceedings while throwing weight behind Ripple in the battle against the SEC.

Deaton said in a recent tweet that Ripple does not need to win for XRPs status as a security to get clarified. Ripple only needs a judicial opinion that secondary market sales are security offerings. This might be enough to clarify XRPs classification.

Meanwhile, the coin is soaring amid the heightened anticipation for summary judgment. The crypto asset has gained over 17% in the last 24 hours, with an over 40% price increase in a week. In addition, XRP has gained more than 50% price increase over the past 30 days.

Moreover, the number of whales holding Ripples native coin token has increased in the past month, suggesting people are showing interest in the coin. At press time, Ripples native token trades at $0.5546.

Featured image from Pexels and chart from TradingView

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Bitcoin vs Ethereum Price Prediction, Experts believe RenQ will give profits – Hindustan Times

New Delhi (India), March 30: Bitcoin and Ethereum have been the top two cryptocurrencies in the market for several years now. However, as the crypto industry continues to evolve, new altcoins are emerging that could offer better profit potential.

RenQ Finance (RENQ) is one such altcoin that experts believe could outperform both Bitcoin and Ethereum in 2023.

>>>>> BUY RENQ TOKENS HERE <<<<<

Bitcoin vs Ethereum: A Brief Comparison

Bitcoin and Ethereum are both decentralized, open-source blockchain networks that allow for peer-to-peer transactions without the need for intermediaries like banks. Bitcoin was the first cryptocurrency, launched in 2009 by an unknown person using the pseudonym Satoshi Nakamoto. Ethereum, on the other hand, was created by Vitalik Buterin in 2013 and launched in 2015.

While Bitcoin's primary use case is as a digital currency, Ethereum's blockchain is designed to support smart contracts and decentralized applications (DApps). Ethereum's native cryptocurrency, Ether (ETH), is used to pay for transaction fees and computational services on the network.

Bitcoin has a fixed supply of 21 million coins, while Ethereum does not have a fixed supply but uses a mechanism called "proof of stake" to ensure the network's security and stability.

Bitcoin and Ethereum Price Forecast 2023

Bitcoin and Ethereum have had an impressive run over the past few years, with Bitcoin hitting an all-time high of nearly $69,000 in 2021, and Ethereum reaching an all-time high of over $4,300 in May 2021 as well. However, both cryptocurrencies have faced significant price fluctuations in recent months, with Bitcoin now trading at around $27,684 and Ethereum trading at around $1,755 as of writing.

Many experts believe that both Bitcoin and Ethereum will continue to face price volatility in the coming years. Some predict that Bitcoin's price could reach $100,000 by the end of 2023, while others believe that it could fall as low as $10,000. Similarly, Ethereum's price forecasts for 2023 range from a high of $10,000 to a low of $500.

RenQ Finance: The Altcoin with Better Profit Potential

While Bitcoin and Ethereum have been the top performers in the cryptocurrency market, RenQ Finance (RENQ) is an altcoin that experts believe has better profit potential in the coming years. RenQ Finance is a decentralized finance (DeFi) platform that aims to provide institutional-grade liquidity to the DeFi market.

>>>>> BUY RENQ TOKENS HERE <<<<<

One of the key features of RenQ Finance is its "smart contract" technology, which allows users to access liquidity from multiple sources, including centralized exchanges, decentralized exchanges, and lending platforms. This technology ensures that users always get the best price for their trades and allows them to move their assets seamlessly between different platforms.

Another significant advantage of RenQ Finance is its low transaction fees. Unlike Bitcoin and Ethereum, which have high transaction fees due to network congestion, RenQ Finance's fees are minimal, making it a more cost-effective option for users.

Experts predict that RenQ Finance could see significant price growth in the coming years, with some forecasting a price of $1 or more by the end of 2023. The platform's unique features and strong community support make it an attractive investment option for those looking to diversify their portfolio and capitalize on the growing DeFi market.

Conclusion

While Bitcoin and Ethereum have been the top performers in the crypto market for several years, new altcoins like RenQ Finance are emerging that offer better profit potential. RenQ Finance's innovative features, low transaction fees, and strong community support make it a promising investment option for those looking to capitalize on the growing DeFi market.

However, as with any investment, it's essential to do your own research and carefully consider the risks before investing in any cryptocurrency.

Click Here to Buy RenQ Finance (RENQ) Tokens.

Visit the links below for more information about RenQ Finance (RENQ):

Website: https://renq.ioWhitepaper: https://renq.io/whitepaper.pdf

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein. The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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Ethereum price shows sign of rally, will Ethereum climb to $2,000? – FXStreet

Ethereum holders are gearing up for the upcoming Shanghai hard fork and token unlock event in April. Experts have considered the different outcomes of ETH token unlock and conclude that the selling pressure on the altcoin will be temporary or short-lived.The altcoins on-chain metrics support a bullish outlook, ahead of token unlock.

Also read: Why Vitalik Buterin is bullish on ZK coins

Ethereum is being accumulated by retail investors that own less than 0.1 ETH and large wallet investors or institutions that own between 1 million and 10 million tokens. Interestingly, ahead of the announcement of a date for Shanghai hard fork, large wallet holders on the ETH network started shedding their token holdings.

As seen in the chart below, there has been consistent accumulation of the altcoin by Ethereum holders.

Ethereum accumulation

Accumulation of the altcoin is typically considered a bullish sign. The altcoins supply across exchanges has steadily declined since March 22. A reduction in ETH supply on exchanges implies there is less Ethereum available for sale and there is a subsequent decline in selling pressure, as seen in the chart below.

ETH supply on exchanges

Experts have analyzed the upcoming ETH token unlock and concluded that the selling pressure on the altcoin is likely to be temporary. Once the ETH token unlock is complete, altcoins and Ethereum is likely to experience a correction for a short-term before a recovery in prices.

Ethereum's Merge turned the altcoin deflationary, reducing the supply by nearly 75,000 tokens. This played a key role in the bullish thesis for the altcoin, as without the transition to Proof-of-Stake, total Ethereum supply would have climbed above 2.2 million. This makes the Merge a key event in Ethereum's timeline and the PoS transition supports ETH bulls in their attempts to push the altcoin's price higher.

Analysts at MacnBTC argue that over 57% of ETH stakers have been able to access liquidity, with both their principal and rewards, in the past several months. This implies that there is less reason to worry about an impending sell off after the Shanghai hard fork.

At press time, nearly 72% of the stakers are underwater and it is less likely that these entities would shed their ETH holdings at a loss.

ETH stakers in profit

These points fuel a bullish argument and a recovery in ETH price, if there is a pullback or correction following token unlock.

As Ethereum price consolidates close to key resistance at $1,800, @CryptoJelleNL, a technical expert targets the $2,000 and $2,350 level for the altcoin.

ETH/USDT 3D price chart

Though Ethereum started the month in red, the analyst expects a bullish turnaround in the asset's price in April 2023.

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WiMi Hologram Cloud Develops AI Information Management Platform Based on Data Mining Algorithm – Yahoo Finance

BEIJING, March 28, 2023 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that to address the limitations of existing tools and products in big data mining, a new artificial intelligence information management platform based on data mining algorithm is developed. It is user-friendly and supports efficient computation and fast integration in a distributed environment during data mining tasks.

WiMi's AI information management platform uses artificial intelligence, machine learning, and deep learning techniques to extract hidden, previously unknown, and potentially valuable information from massive amounts of data. Its main goal is to extract supersets of information from many data sources and fuse them to reveal their deep structure and internal connections. Building information on top of a distributed heterogeneous environment can significantly reduce the complexity that different physical environments bring to the task of constructing data analysis and make full use of the power of distributed computing to enhance the efficiency of data analysis. In addition, the platform's computing resources are dynamically increased or decreased, allowing it to adjust physical computing resources online according to the number of specific analysis tasks. Also, the friendly user interface provides excellent convenience for building different big data mining applications based on the platform.

The platform uses genetic algorithms, coarse sets, decision trees, and neural networks to divide the general steps of data mining into: analyzing the problem; extracting, cleaning, and validating the data; creating and debugging the model; and maintaining the data mining model.

Problem analysis can determine whether the source database meets the data mining criteria. Extraction, cleaning, and validation of the data to remove noise from the data and obtain complete and uniform data. Apply the selected data mining algorithm to the data to create a model, and use the data to verify and adjust the model. Then the platform can obtain a data model that meets the usage requirements. As the amount of data increases, some fundamental information changes may seriously affect the model's accuracy. The model needs to be adjusted and maintained, and the accuracy of the severe model and model maintenance is an essential part of data mining. Model maintenance can keep the vitality of the model and continuously improve the model.

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The advent of the big data era has led to an explosion of data accumulated in various industries. The demand for data mining will become stronger and stronger, and the combination with various professional fields will be more and more extensive. Whether in science or engineering, theoretical research, or real life, WiMi's data mining algorithm-based artificial intelligence information management platform will have a vast development prospect.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company's strategic and operational plans contain forwardlooking statements. The Company may also make written or oral forwardlooking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20F and 6K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forwardlooking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company's annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.

Cision

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Data Mining Software Market to Witness Massive Growth in Years to Come | IBM, RapidMiner, GMDH – EIN News

Data Mining Software Market

Data Mining Software Market Analysis & Forecast for Next 5 Years

Criag Francis

According to HTF Market Intelligence, the Global Data Mining Software market to witness a CAGR of 12.6% during forecast period of 2023-2028. Global Data Mining Software Market Breakdown by Application (Financial Data Analysis, Retail Industry, Telecommunication Industry, Biological Data Analysis, Other Scientific Applications, Intrusion Detection) by Enterprise Size (Large Enterprises, SMEs) by Platform (On-premise, On-cloud) by Component (Tool, Services) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Data Mining Software market size is estimated to increase by USD 9.3 Billion at a CAGR of 12.6% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 9.2 Billion.

Get an Inside Scoop of Study, Request now for Sample Study @ https://www.htfmarketintelligence.com/sample-report/global-data-mining-software-market

Definition: Data mining software refers to a type of computer program that analyzes and extracts useful information from large sets of data. The software uses various statistical and computational algorithms to identify patterns, correlations, and trends within the data. Data mining software is used in various industries, such as finance, healthcare, retail, and telecommunications, to gain insights into customer behavior, optimize business operations, and detect fraudulent activities. The market for data mining software includes various vendors that offer different solutions, such as predictive analytics, text mining, and machine learning. The market is expected to continue growing as companies increasingly rely on data-driven decision-making and seek to gain a competitive advantage through advanced analytics.

Market Trends: Increasing adoption of cloud-based data mining software solutions Growing demand for real-time data mining and analysis Emergence of AI-powered data mining tools Integration of data mining software with business intelligence and analytics platforms Rising use of social media and web analytics for data mining purposes

Market Drivers: Growing volume of digital data generated by businesses and individuals Need for data-driven decision-making and competitive intelligence Increasing demand for predictive analytics in various industries Technological advancements in data mining algorithms and software Rising awareness of the benefits of data mining among businesses of all sizes

Market Opportunities: Adoption of data mining software by small and medium-sized businesses Expansion of data mining applications in healthcare and life sciences Increased use of data mining for cybersecurity and fraud detection Integration of data mining with Internet of Things (IoT) devices and platforms Development of customized data mining solutions for specific industries and use cases

The titled segments and sub-section of the market are illuminated below: The Study Explore the Product Types of Data Mining Software Market: On-premise, On-cloud

Key Applications/end-users of Data Mining Software Market: Financial Data Analysis, Retail Industry, Telecommunication Industry, Biological Data Analysis, Other Scientific Applications, Intrusion Detection

Book Latest Edition of Global Data Mining Software Market Study @ https://www.htfmarketintelligence.com/buy-now?format=1&report=1137

With this report you will learn: Who the leading players are in Data Mining Software Market? What you should look for in a Data Mining Software What trends are driving the Market About the changing market behaviour over time with strategic view point to examine competition Also included in the study are profiles of 15 Data Mining Software vendors, pricing charts, financial outlook, swot analysis, products specification &comparisons matrix with recommended steps for evaluating and determining latest product/service offering.

List of players profiled in this report: IBM [United States], RapidMiner [United States], GMDH [United States], SAS Institute [United States], Oracle [United States], Apteco [United Kingdom], University of Ljubljana [Slovenia], Salford Systems [United States], Lexalytics [United States]

Who should get most benefit from this report insights? Anyone who are directly or indirectly involved in value chain cycle of this industry and needs to be up to speed on the key players and major trends in the market for Data Mining Software Marketers and agencies doing their due diligence in selecting a Data Mining Software for large and enterprise level organizations Analysts and vendors looking for current intelligence about this dynamic marketplace. Competition who would like to benchmark and correlate themselves with market position and standings in current scenario.

Make an enquiry to understand outline of study and further possible customization in offering https://www.htfmarketintelligence.com/enquiry-before-buy/global-data-mining-software-market

Quick Snapshot and Extracts from TOC of Latest Edition Overview of Data Mining Software Market Data Mining Software Size (Sales Volume) Comparison by Type (2023-2028) Data Mining Software Size (Consumption) and Market Share Comparison by Application (2023-2028) Data Mining Software Size (Value) Comparison by Region (2023-2028) Data Mining Software Sales, Revenue and Growth Rate (2023-2028) Data Mining Software Competitive Situation and Current Scenario Analysis Strategic proposal for estimating sizing of core business segments Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type Analyse competitors, including all important parameters of Data Mining Software Data Mining Software Manufacturing Cost Analysis Latest innovative headway and supply chain pattern mapping of leading and merging industry players

Get Detailed TOC and Overview of Report @ https://www.htfmarketintelligence.com/report/global-data-mining-software-market

About Us: HTF Market Intelligence is a leading market research company providing end-to-end syndicated and custom market reports, consulting services, and insightful information across the globe. HTF MI integrates History, Trends, and Forecasts to identify the highest value opportunities, cope with the most critical business challenges and transform the businesses. Analysts at HTF MI focuses on comprehending the unique needs of each client to deliver insights that are most suited to his particular requirements.

Criag FrancisHTF Market Intelligence Consulting Pvt Ltd+ +1 434-322-0091sales@htfmarketintelligence.comVisit us on social media:FacebookTwitterLinkedIn

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QPR Software Named a Visionary in 2023 Gartner Magic Quadrant for Process Mining Tools – Yahoo Finance

QPR Software Oyj

QPR SOFTWARE PLC PRESS RELEASE 4 April 2023 at 9 am EET

QPR Software Plc, who has pioneered process mining since 2010, has been named a Visionary in Gartner's 2023 Magic Quadrant for Process Mining Tools. The technology research and consulting company Gartner evaluated 15 vendors in the process mining market based on their ability to execute and their Completeness of Vision.

According to Gartner visionaries in a market are the innovators driving the market forward by responding to emerging, leading-edge customer demands and by offering new opportunities to excel. Typically, these vendors appeal to leading-edge customers and may have a minimal mainstream presence or name recognition. Their ability to deliver sustained and dependable execution in the mainstream enterprise market is not sufficiently tested or has not yet reached the required level of awareness.

The latest development in the process mining field is brought by QPR ProcessAnalyzer with its ability to run natively on the Snowflake Data Cloud. This means tackling issues in performance, scalability, and data security. With QPRs process mining solution, users gain access to Snowflakes virtually unlimited scaling capacity, enabling them to discover process inefficiencies from billions of data rows in the blink of an eye. The solution comes with direct real-time access to the data in the Snowflake Data Cloud. Data governance, along with authentications and permissions perfectly sync with Snowflake.

Heikki Veijola, CEO of QPR Software, expresses his pride in the company's recognition as a Visionary in the Magic Quadrant: We believe this validates our commitment to provide data-driven insights and analysis to improve customers' business processes. As the process mining market continues to grow, we are excited to innovate and expand our capabilities to meet evolving customer needs. To us, recognition as a Visionary in the Magic Quadrant is a testament to our ability to execute our vision for the future of process mining.

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In conclusion, we think QPR Software's recognition as a Visionary in Gartner's Magic Quadrant for Process Mining Tools underscores the company's position as a leading provider of process mining software. Organizations can rely on QPR ProcessAnalyzer to gain valuable insights into their business processes, optimize their operations, and achieve their business goals.

Additional information:

The 2023 Gartner Magic Quadrant on Process Mining Tools is available to Gartner subscribers on gartner.com.

Find more information on market-leading process mining solution QPR ProcessAnalyzer here: https://www.qpr.com/process-mining-powered-by-snowflake

Gartner Disclaimer

Gartner, Magic Quadrant for Process Mining Tools, Marc Kerremans, Kimihiko Iijima, Andrei Razvan Sachelarescu, Nick Duffy, David Sugden, 20 March 2023.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartners research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

For further information:

Heikki Veijola

Chief Executive Officer

QPR Software Plc

Tel. +358 40 922 6029

About QPR Software

QPR Software Plc (Nasdaq Helsinki) provides process mining, performance management, and enterprise architecture solutions for digital transformation, strategy execution, and business process improvement in over 50 countries. QPR software allows customers to gain valuable insights for informed decisions that make a difference.

http://www.qpr.com

DISTRIBUTION

Nasdaq Helsinki

Key medias

http://www.qpr.com

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Cipher Mining Announces March 2023 Operational Update – Yahoo Finance

Cipher Mining Inc.

Leading Bitcoin Miner Produces 413 Bitcoin and Achieves New All-Time High Hash Rate Capacity of 5.7 EH/s in March 2023

Odessa Data Center

Operations Base at the Odessa Data Center

NEW YORK, April 03, 2023 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (Cipher or the Company), a leading developer and operator of bitcoin mining data centers, today released its unaudited production and operations update for March 2023.

Key Highlights

Key Metrics

March 2023*

BTC Mined

413

BTC Sold

450

BTC Held

427

Deployed Mining Rigs

53,500

Month End Operating Hash Rate (EH/s)

5.7

*Approximate values

Management Commentary During the month of March, Cipher expanded operations at its Odessa facility while funding both operating expenses and capital expenditures through ongoing operations. Cipher finished March with the potential to mine nearly 16 bitcoin1 per day.

We continue to make great progress on the buildout of our Odessa facility and now have over 4.7 EH/s of self-mining operations there, bringing our total self-mining capacity to 5.7 EH/s across all of our sites, said Tyler Page, CEO of Cipher. With our best-in-class unit economics, we were able to fund ongoing capex for Odessa from operations in March, without resorting to dilutive equity issuance or costly debt financing. In addition to mining bitcoin throughout the month, we managed our power usage to maximize our dollar-based output. There were times when we curtailed our mining so that we could sell power in the market, and there were also periods in the month when our Odessa power provider spent hours from their annual curtailment budget, potentially presenting us with greater power selling opportunities later in 2023. With the shipments of miners arriving at Odessa in April, we expect to achieve our initial goal of 6 EH/s, and we look forward to completing the Odessa infrastructure buildout in the second quarter.

IMG_0740 (1)

Bitcoin Production and Operations Updates for March 2023During the month of March, Cipher energized 5,023 new Bitmain and MicroBT miners, representing an increase in hash rate of ~0.5 EH/s and a ~10% increase relative to the previous month. With the increase in hash rate, Cipher produced ~413 BTC in March, representing a ~4% increase in production relative to the previous month. As part of its regular treasury management process, Cipher sold ~450 BTC in March, ending the month with a balance of ~427 BTC.

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About CipherCipher is an emerging technology company focused on the development and operation of bitcoin mining data centers. Cipher is dedicated to expanding and strengthening the Bitcoin network's critical infrastructure. Together with its diversely talented team and strategic partnerships, Cipher aims to be a market leader in bitcoin mining growth and innovation. To learn more about Cipher, please visit https://www.ciphermining.com/.

Forward Looking StatementsThis press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations regarding our future results of operations and financial position, business strategy, timing and likelihood of success, potential expansion of bitcoin mining data centers, and management plans and objectives, are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These forward-looking statements generally are identified by the words may, will, should, expects, plans, anticipates, could, seeks, intends, targets, projects, contemplates, believes, estimates, strategy, future, forecasts, opportunity, predicts, potential, would, will likely result, continue, and similar expressions (including the negative versions of such words or expressions).

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and our management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: volatility in the price of Ciphers securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher operates, variations in performance across competitors, changes in laws and regulations affecting Ciphers business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Risk Factors section of our Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 14, 2023, and in Ciphers subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cipher assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Contacts:Investor Contact:Josh KaneHead of Investor Relations at Cipher Miningjosh.kane@ciphermining.com

Media Contact:Ryan Dicovitsky / Kendal TillDukas Linden Public RelationsCipherMining@DLPR.com

1 Assumes network hash rate of 332 EH/s and 930 bitcoins mined per day

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b42b11d5-1490-4e9c-8678-76c20feb315a

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Cringeworthy: Millennial and Gen Z-friendly Democrats say efforts to ban TikTok are missing the point – Fortune

Rep. Jeff Jackson of North Carolina has used it to explain the complex fight over raising the debt limit. Rep. Robert Garcia of California has used it to engage with members of the LGBTQ+ community. And Sen. Bob Casey of Pennsylvania has used it to give an overview of Election Day results.

Aspressure against TikTok mountsin Washington, the more than two dozen members of Congress all Democrats who are active on the social media platform are being pushed by their colleagues to stop using it. Many defend their presence on the platform, saying they have a responsibility as public officials to meet Americans where they are andmore than 150 million are on TikTok.

Im sensitive to the ban and recognize some of the security implications. But there is no more robust and expeditious way to reach young people in the United States of America than TikTok, Democratic Rep. Dean Phillips of Minnesota told The Associated Press.

Yet the lawmakers active on TikTok remain a distinct minority. Most in Congress are in favor of limiting the app, forcing a sale to remove connections to China or even banning it outright. The U.S. armed forces and more than half of U.S. states havealready banned the appfrom official devices, as has the federal government. Similar bans have been imposed in Denmark, Canada, Great Britain and New Zealand, as well as the European Union.

Criticism of TikTok reached a new level last week asCEO Shou Zi Chew testifiedfor more than six hours at a contentious hearing in the House. Lawmakers grilled Chew about the implications of the app for Americas national security and the effect on the mental health of its users. And the tough questions came from both sides of the aisle, as Republicans and Democrats alike pressed Chew about TikToks content moderation practices, its ability to shield American data from Beijing and its spying on journalists.

Ive got to hand it to you, said Rep. August Pfluger, R-Texas, as members questioned Chew over data security and harmful content. Youve actually done something that in the last three to four years has not happened except for the exception of maybe (Russian President) Vladimir Putin. You have unified Republicans and Democrats.

While the hearing made plain that lawmakers view TikTok as a threat, their lack of first-hand experience with the app was apparent at times. Some made inaccurate and head-scratching comments, seemingly not understanding how TikTok connects to a home Wi-Fi router or how it moderates illicit content.

Rep. Mark Pocan, D-Wis., who is active on the app and opposes a nationwide ban, called the hearing cringeworthy.

It was just so painful to watch, he told the AP on Friday. And it just shows the real problem is Congress doesnt have a lot of expertise, whether it be social media or, for that matter, more importantly, technology.

Garcia, who said he uses TikTok more as a consumer, said most of his colleagues who are proposing a nationwide ban told him they had never used the app. It gets hard to understand if youre not actually on it, the freshman Democrat said. And at the end of the day, a lot of TikTok is harmless people dancing and funny videos.

Its also incredibly rich educational content, and learning how to bake and learning about the political process, he said.

Rep. Jamaal Bowman, D-N.Y., who has more than 180,000 followers on the app, held a news conference with TikTok influencers before the hearing. He accused Republicans of pushing a ban on TikTok for political reasons.

There are 150 million people on TikTok and we are more connected to them than Republicans are, Bowman said. So for them, its all about fear-mongering and power. Its not TikTok, because, again, weve looked the other way and allowed Facebook and other platforms to do similar things.

Critics of TikTok in Congress say their opposition is rooted in national security, not politics. TikTok is a wholly owned subsidiary ofChinese technology firm ByteDance Ltd., which appoints its executives. They worry Chinese authorities could force ByteDance to hand over TikTok data on American users, effectively turning the app into a data-mining operation for a foreign power. The company insists it is taking steps to make sure that can never happen.

The basic approach that were following is to make it physically impossible for any government, including the Chinese government, to get access to U.S. user data,general counsel Erich Andersensaid during an interview with the AP on Friday at a cybersecurity conference in California.

TikTok has been emphasizing a $1.5 billion proposal to store all U.S. user data on servers owned and maintained bythe software giant Oracle. Access to U.S. data would be managed by U.S. employees through a separate entity run independently of ByteDance and monitored by outside observers.

Republican Sen. Thom Tillis of North Carolina took the unusual step of releasing a public statement urging all members of Congress to stop using TikTok, including from his home state seemingly a jab at Jackson, who is one of the more active members with more than 1.8 million followers.

I was just saying if were having a discussion about TikTok then I think we ought to at least reduce the pull factor by elected officials who can simply come off of it, Tillis said this week, when asked about his statement. I dont have a TikTok account. So that was an easy separation for me.

Loud warnings about TikTok have also been comingfrom President Joe Bidens administration. Secretary of State Antony Blinken and FBI Director Christopher Wray have told Congress in recent weeks that TikTok is a national security threat. Blinken told lawmakers the threat should be ended one way or another.

But some members are unconvinced.

Its like turning your cell phone off on an airplane. Youre supposed to do. And if it was super dangerous, I dont think we will be allowed to have the phone on the plane, Rep. Greg Landsman, D-Ohio, said Wednesday, So if it was super dangerous for members of Congress to have this app on their phone, you have to imagine the administration or our government would say absolutely not, you cant have it on a government phone.

Concerns about what kind of content Americans encounter online, or how their data is collected by technology companies, also arent new. Congress has been wanting to curtail the amount of data tech companies collect on consumers through a national privacy law, but those efforts have stalled repeatedly over the years.

Supporters of TikTok on Capitol Hill are urging their colleagues to educate themselves about social media as a whole so Congress can pass legislation that deals with broader issues of data privacy, instead of hyper-focusing on a ban of TikTok, which could risk political backlash and a court fight over the reach of the First Amendment.

We are uninformed and misinformed. We dont even understand how social media works. We dont know anything about data brokers and how data brokers sell our data to foreign countries and foreign companies right now, Bowman said. So ban TikTok tomorrow, this stuff is still going to be happening.

___

Associated Press writer Haleluya Hadero in Sausalito, California, contributed to this report.

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Cringeworthy: Millennial and Gen Z-friendly Democrats say efforts to ban TikTok are missing the point - Fortune

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CCC Town Hall Explores the Current State of AI Tools – newsbreaks.infotoday.com

Weekly News Digest April 4, 2023 In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIs Twitter account: @ITINewsBreaks.

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CCC Town Hall Explores the Current State of AI Tools

The speakers were:

Each speaker provided introductory discussion points. Crovitz said that NewsGuard ran tests using ChatGPT, and it displayed false information, including that the children who were killed at Sandy Hook Elementary School were actually paid actors. With its latest release, ChatGPT repeated 100 out of 100 false narratives that NewsGuard fed it.

Brown asserted that we are underprepared to have a conversation about AI. Society is still at the level of wondering whether a customer service representative is a chatbot or a real person. She said that we need to be focused on who is going to take responsibility for each AI tool.

Chua called AI tools extremely good autocomplete machines. Semafor has been using them for basic proofreading and copy editing, which has been going well. They are language models and are not particularly smart on their own yet.

Brill said the key to moving forward with AI is accountability plus transparency. The newest version of ChatGPT is good at reading and mimicking language, and that makes it more persuasive in perpetrating hoaxes. He cited the example of cancer.org, the official site of the American Cancer Society, and cancer.news, a site rife with misinformation. ChatGPT reads the information on the .org site with the same regard as the .news site, not differentiating the veracity of the information on each.

Bates believes that the transition away from traditional information gathering isnt a bad thing; for example, she finds Google Maps to be much more effective at keeping her from getting lost than paper maps. She likened AI tools to teenagers: She wouldnt trust a 17-year-old to do her research for her, but they could give her a good start. AI tools will never be a substitute for a professional researcher, she said.

Brill noted that while ChatGPT has been proven to be able to pass a legal bar exam, it isnt great at discerning misinformation. Crovitz talked about NewsGuard for AI, a new solution that provides data for AI tools to train them to be able to recognize false information, thus minimizing the risk of spreading misinformation. He said that in the responses chatbots generate, there needs to be a way to access information about whether the answer that was given is likely to be true.

Browns Sense about Science advocates for a culture of questioning: Ask where data comes from and whether it can bear the weight someone is putting on it. One of the key questions that gets missed with machine learning is, How is the machine doing the learning? Also, what is its accuracy rate? Does it push people toward extreme content? What kind of wrong information is tolerable to receive?

Kenneally reinforced these ponderings by saying that there is no question that AI models are amazing, but we need to examine how well they perform.

Brown cited the Nature policy that AI language models will not be accepted as co-authors on any papers. She said more organizations need to say they wont accept AI authors because AI cant be held accountable. There is a lack of maturity in AI discussions, she believes, and not enough thought put into the real-world context theyll be released into. There needs to be a clearer sense of who is signing off on what when it comes to AI developers.

Chua underscored her earlier point that AI tools are not actually question-and-answer machines, theyre language machines. They dont have any sense of verification; they only mimic what theyve been fed. She noted that they say what is plausible, not what is true or false. We can use them to help us formulate questions because of their attention to written style. She did an experiment with one of the AI tools: She created a news story and asked it to write in the style of The New York Times, then The New York Post, then Fox News. Each time, it mimicked that outlets style well. This type of usage is currently the best way to employ AI tools, she said.

Bates said researchers should keep in mind that the tools are doing simple text and data mining, looking for patterns. They cant infer something youre not asking; only real people can take context into account. A chatbot doesnt know what youre planning to do with your research, it doesnt ask follow-up questions, and its not curious like a human researcher is. A chatbot is a helpful paraprofessional, but anything it provides needs to be reviewed by a professional, she said.

The presenters continued their discussion and addressed some comments from attendees. Access the recording of the town hall at youtube.com/watch?v=RF3Gs-BNOtM.

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