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Techmeme Ride Home
Thu. 12/05 – Bitcoin $100k!
Dec 5, 2024
Bitcoin has soared past the $100k milestone, a move influenced by new regulatory changes. Trump's selected appointees are reshaping Silicon Valley's landscape, especially in cryptocurrency and antitrust. Meanwhile, Amazon enters the AI scene with its Nova models, promising to shake up content generation. Google DeepMind's latest innovations are set to enhance weather forecasting and gaming experiences. On the autonomous front, Waymo is gearing up to launch its robotic taxi service in Miami by 2026.
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Quick takeaways
- Bitcoin has surged past $100,000, driven by regulatory optimism and a spike in trading volumes across crypto markets.
- Waymo is set to launch a robo-taxi service in Miami by 2026, expanding its autonomous vehicle operations to new urban environments.
Deep dives
Bitcoin Surpasses $100,000
Bitcoin has crossed the significant milestone of $100,000 per coin for the first time, marking a surge of more than 126% since January 2024. This unprecedented rally is attributed to a more favorable regulatory environment anticipated under the new Trump administration, which has sparked increased trading volumes across crypto markets. In November alone, centralized exchanges saw trading volumes hit over $10 trillion, with substantial increases in institutional investments through Bitcoin ETFs and CME trading. Assets like Ripple are experiencing renewed interest, reflecting the optimism in the crypto sphere amidst these regulatory expectations.
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