Today’s crypto news highlights come packed with an eclectic mix of events. Cathie Wood, the founder of Ark Invest, is set to deliver the first presentation for El Salvador’s public AI education initiative, CUBO AI. Crypto analysts are keeping their eyes on a crucial $85,000 weekly close mark that could hint at the future of Bitcoin. Ledger’s Ian Rogers, on the other hand, warns that the tug of war between crypto security improvements and hacker ingenuity will persist indefinitely.
Cathie Wood Initiates El Salvador’s AI Public Education Program
Cathie Wood, the founder of Ark Invest, is taking the lead in El Salvador’s AI education initiative by providing the maiden lecture for this public education venture. The Bitcoin Office of El Salvador announced on March 23rd that the program aims to utilize industry experts to offer university-level artificial intelligence education to students and professionals, making it the only national education scheme to do so.
Wood met with Nayib Bukele, President of El Salvador, to discuss the future of crypto and AI policy in the nation. Wood suggested that with a continued emphasis on pro-innovation policies, El Salvador could potentially boost its GDP tenfold in the next five years.
Bitcoin Requires $85k Weekly Close to Ward Off Correction to $76k: Analysts
Bitcoin analysts are monitoring the weekly close to predict Bitcoin’s price trajectory for the upcoming week, as both traditional and crypto markets exhibit uncertainty due to global trade war concerns and easing inflation fears.
Ryan Lee, chief analyst at Bitget Research, indicates that Bitcoin’s price might face more downside next week unless it can close the week above the psychological benchmark of $85,000. A close above this point could prevent a drop to $76,000 and signal strength, while a close at $87,000 could offer even clearer bullish confirmation.
Perpetual ‘Cat and Mouse’ Game in Crypto Security: Wallet Executive
As cryptocurrency wallet providers advance their techniques, so too do malicious actors. Ledger’s chief experience officer, Ian Rogers, warns that this creates a perpetual ‘cat and mouse’ game between security advancements and ever-evolving threats.
Rogers observes that the most basic scams often prove most effective as they prey on human error. He warns against sharing 24-word phrases with anyone, as this is a common tactic employed by criminals. Rogers also highlighted a prevalent crypto scam where victims are lured by responses to any crypto-related post on Twitter, often encouraging a direct message for ‘help’.
