The cryptocurrency markets and the United States equities markets witnessed profit-booking this week as the macroeconomic data hinted toward continued rate hikes by the Federal Reserve. Bitcoin (BTC) is down more than 4% and the S&P 500 fell 2.7% to record its worst week of the year. The CME FedWatch Tool shows a 73% probability of a 25 basis points rate hike by the Fed in the March meeting but after the hotter-than-expected inflation readings in two weeks, the probability of a 50 basis point rate hike has started to slowly gain traction. During periods of uncertainty, some coins enter …

Blockchain video delivery network Theta Labs has partnered with the artificial intelligence (AI) platform FedML to enable collaborative machine learning on content recommendation and generative AI. In an announcement sent to Cointelegraph, the two firms said that the partnership would focus on the collaborative training of large-scale generative AI models, allowing the Theta TV community to contribute personal preferences and compute resources in training and deploying AI models to enhance personalized recommendations and advertisements through FedML. According to the FedML team, Theta’s Edge Network, which is operated by many decentralized nodes across the globe, is a good fit for distributed …