Day: March 23, 2023

EUR/USD Hits 6-Week High, as Greenback Weakens Following Fed Hike – Markets and Prices Bitcoin News

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EUR/USD raced to a six-week high on Thursday, as markets continued to react to the U.S. Federal Reserve’s 25-basis-point rate hike. The greenback was lower across the board, falling versus several G7 currencies, including the British pound. EUR/USD On Thursday, the world’s most traded currency pair rose for a sixth straight session, as markets continued to digest yesterday’s rate hike. The Federal Reserve opted to increase rates by 0.25%, despite recent uncertainty in the banking sector. Following the announcement, Fed Chair Jerome Powell stated that “FOMC participants don’t see rate…

Arbitrum airdrop sells-off at listing, but traders remain bullish on ARB

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The official Arbitrum airdrop page crashed right after the claiming process began around 9 a.m. EST. Some users still managed to claim it through alternative methods like Arbiscan. In the first two hours, the market witnessed a massive sell-off of the token as its price declined from over $10.29 to lows of $1. At ByBit, the token started trading for $7.50, but dropped to $1.50 within minutes. At the time of writing, the token was trading at $1.33. Only one address successfully sold the token at $10.29 through the ARB/USDC pool…

Sygnum sees increased crypto firm inquiries after US banking giants collapse

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Zurich-based digital asset bank Sygnum is seeing an influx in inquiries from international crypto firms looking for new banking partners following the recent collapses of crypto-friendly banking giants in the United States. Dominic Castley, chief marketing officer at Sygnum, told Cointelegraph in an email that they are receiving more onboarding inquiries from crypto firms based in various jurisdictions looking to bank with them. He explained: “Over the past weeks, as the current banking industry events have unfolded, we have seen a significant increase in onboarding inquiries from various international locations,…

ARB Price Drops More Than 85% – Market Updates Bitcoin News

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On Thursday, the Arbitrum airdrop claiming process went live and ARB markets dropped more than 85% lower than pre-IOU market prices recorded the day before. Arbitrum airdropped just over a billion ARB tokens, or 11.6% of the total supply. At noon ET, more than 474 million tokens had been claimed. Wild Volatility for ARB Token: Prices Range from $1.10 to $11.80 per Unit Following Airdrop At block height 16,890,400, around 9 a.m. ET, the Arbitrum airdrop claiming process began and distribution of 11.6% of the supply started. The day before,…

Dreams of Rebooting FTX Face Cold Reality That Its Technology Wasn’t Well-Regarded

The collateral feature allowed users to hold assets such as bitcoin, ether, stablecoins or even lower-market capitalization altcoins, and trade derivatives – effectively allowing traders to hold a diverse portfolio while being able to trade perpetual swap contracts that can be used to hedge or increase exposure. And while this feature was lauded by users, it was ultimately unsustainable. If FTX comes back without such features, the bugs and sluggish software could matter more. Source

7 artificial intelligence examples in everyday life

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Artificial intelligence (AI) is becoming increasingly important in our daily lives. AI can automate routine and time-consuming tasks, allowing us to focus on more important activities. In addition, AI algorithms can analyze vast amounts of data to personalize products, services and experiences. Moreover, AI is driving innovation in various industries, such as finance, retail and education. Here are seven artificial intelligence examples in everyday life. Personal Assistants AI-powered personal assistants, such as Siri, Google Assistant and Amazon Alexa, are integrated into smartphones, smart speakers and other devices and can perform a wide range of tasks,…

Cosmos-Based DeFi Protocol Quasar to Start Mainnet After Raising More Than $11.5M

In the wake of the spectacular failure of centralized exchanges such as FTX, both crypto natives and investors have increased their focus on decentralized finance (DeFi) and security. Quasar is aiming to address these issues by creating a dedicated layer 1 protocol that will allow investors to deposit funds into permissionless, non-custodial investment vehicles known as “vaults,” that are optimized to work across multiple blockchains, the press release said. Source