rogo

According to official news, the AI financial workflow platform Rogo announced the completion of a $160 million Series D financing round, led by Kleiner Perkins, with participation from Sequoia Capital, Thrive Capital, Khosla Ventures, J.P. Morgan Growth Equity Partners, and other institutions.Rogo stated that its AI system has been deployed in several top global investment banks, asset management companies, and private equity firms to enhance research, modeling, and client communication efficiency. This round of financing will be used to deepen system integration, expand on-site engineering and investment banking teams, and accelerate expansion in European and Asian markets. The company emphasized that AI is driving the "popularization and efficiency reconstruction" of high-end financial service capabilities.

ChainCatcher news, according to CoinDesk, Harvard University economics professor and former chief economist of the International Monetary Fund Kenneth Rogoff reflects on his prediction error from 2018. At that time, he predicted that Bitcoin was more likely to be worth $100 than $100,000 within ten years, but now the actual price of Bitcoin has surpassed $113,000, more than a tenfold increase since 2018.Rogoff stated that he was "too optimistic about the U.S. establishing reasonable cryptocurrency regulations," and he underestimated Bitcoin's role in the global $20 trillion underground economy, which has supported Bitcoin's price. He also criticized the "obvious conflict of interest" between regulators and cryptocurrencies, stating that regulators hold hundreds of millions or even billions of dollars in cryptocurrencies without facing any consequences.

ChainCatcher news, according to Bloomberg, Kenneth Rogoff, former chief economist of the International Monetary Fund (IMF) and a member of the Federal Reserve Board, stated in an interview that geopolitical tensions and the growing influence of cryptocurrencies are undermining the global position of the dollar.Kenneth Rogoff believes that critics who think cryptocurrencies are just scams with no value are completely wrong. "The view that there is no 'fundamental value proposition' in cryptocurrency transactions is incorrect." One of the main markets for the dollar is the global underground economy, where the preferred payment method for such transactions used to be the dollar, but now the preferred payment method is cryptocurrency. Cryptocurrencies provide a recognized medium of exchange, which is a value proposition. Even with strict government regulation of cryptocurrencies, there will still be significant challenges in controlling the underground economy. Therefore, Kenneth Rogoff believes that "cryptocurrencies have value." Authorities will face enormous difficulties in tracking cryptocurrency transactions in the gray market, which means that cryptocurrencies are "not worthless."