Day: April 6, 2023

Arbitrum Registers Record Activity Over the Last 2 Weeks as Transactions per Day Count Surges – Bitcoin News

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In the past 20 days, the Arbitrum blockchain has recorded a significant number of transactions coinciding with the recent ARB airdrop that occurred on March 23. About two weeks ago, on that day, the Arbitrum network recorded an all-time high of 2.72 million transactions settled in 24 hours. L2 Network Arbitrum Records 2.72 Million Transactions in a Single Day, Transfer Count Remains Parallel With Ethereum’s Daily Rate The Ethereum Layer 2 (L2) scaling solution, Arbitrum, has seen a significant amount of activity over the last 20 days or since March…

Alphabet CEO Sundar Pichai Hints at Chat AI for Google

The determination to float products that will be able to provide an interactive search interface for users has been cited by the Alphabet CEO as a major opportunity to be tapped into. Sundar Pichai Sundar Pichai, the Chief Executive Officer (CEO) of American multinational tech giant, Alphabet Inc (NASDAQ: GOOGL) has hinted that the company is working on a conversational chat Artificial Intelligence (AI) solution that can be integrated into its Google search engine tool. While Pichai confirmed this in an interview with the Wall Street Journal (WSJ), the exact…

Stablecoin Tether’s Market Capitalization Nears Record High of $83B

“When news about unlimited support for bank deposits made the rounds, bitcoin prices exploded from $20,000 to $28,000 within a matter of days,” said Thielen in a note to clients on Thursday. “But it would appear that holders of USDC either converted their Circle stablecoin into Tether’s USDT or that they simply sold $10 billion of USDC and bought bitcoin instead.” Source

How digital assets can comply with Islamic financial law

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Islamic banking and finance is a system based on the principles of Shariah, or Islamic law, which, among many other things, prohibits the charging or paying of interest on loans and emphasizes ethical and equitable financial transactions.  One of the more notable traits of Islamic banking is its prohibition on charging or paying interest on loans, which is the basis of conventional banking. Instead, Islamic finance is based on profit and loss-sharing agreements between the lender and the borrower. The lender shares the investment risk with the borrower, and both…

UAE Exchange Al Ansari Financial Services Surge 17% in Dubai IPO

Al Ansari Financial Services experienced an upswing in the value of its shares after instituting 2023’s first Dubai IPO.  The shares of UAE remittances and money exchange firm Al Ansari Financial Services surged 17% in its initial public offering (IPOIPO) outing at its Dubai Financial Market trading debut. The family-owned company raised $210 million after selling 750 million shares in the offering, or 10% of its value. The Al Ansari Financial Services development marks the first IPO for Dubai in 2023. The UAE government looks to diversify its economy as well as…

BTC Drops Below $28,000, as Markets Consolidate on Thursday – Market Updates Bitcoin News

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Bitcoin was once again trading below $28,000, as markets consolidated ahead of Friday’s non-farm payrolls report. Payrolls are expected to come in at 240,000 for last month, with the unemployment rate in the U.S. remaining at 3.6%. Ethereum was also lower today, following an eight-month high on Wednesday. Bitcoin Bitcoin (BTC) was once again trading under $28,000 on Thursday, as markets began to prepare for tomorrow’s non-farm payrolls report. BTC/USD dropped to an intraday low of $27,831.56 in today’s session, which comes less than 24 hours after trading at a…

Here’s how to fix them – Cointelegraph Magazine

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Blockchain exploits can be extremely costly; with poorly designed smart contracts, decentralized apps and bridges are attacked time and time again. For example, the Ronin Network experienced a $625-million breach in March 2022 when a hacker was able to steal private keys to generate fake withdrawals and transferred hundreds of millions out. The Nomad Bridge later that year in August experienced a $190-million breach when hackers exploited a bug in the protocol that allowed them to withdraw more funds than they had deposited. These vulnerabilities in the underlying smart contract…

Japan pushes for friendlier environment for crypto with Web3 proposals

The Web3 project team of Japan’s ruling Liberal Democratic Party has released a white paper containing suggestions for expanding the nation’s industry, which has been incorporated into the national strategy by Prime Minister Fumio Kishida’s administration. The Web3 project team aims to bypass the usual bureaucratic processes to formulate regulatory proposals for everything from nonfungible tokens (NFT) to decentralized autonomous organizations (DAO). In contrast to other governments seeking to implement consumer protection regulations, Japan is striving to establish a more welcoming atmosphere for cryptocurrency, as many companies have relocated to…

9 examples of artificial intelligence in finance

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Artificial Intelligence (AI) is transforming the financial sector, revolutionizing how banks, financial institutions and investors operate. Here are nine examples of AI in finance, and how they are changing the industry: Fraud detection AI algorithms can analyze transactions in real time, detect anomalies and patterns that may indicate fraudulent activities, and alert banks to take appropriate actions. An example of fraud detection using AI is PayPal’s fraud detection system. PayPal uses machine learning algorithms and rule-based systems to monitor real-time transactions, and identify potentially fraudulent activities. The system examines data points…