Day: April 25, 2023

Genesis settlement disrupted by new creditor demands, DCG says

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Troubled digital currency company Genesis Capital saw its settlement disrupted by creditors in two months after the initial agreement, raising concerns about the timing of the process. Genesis’ parent company, Digital Currency Group (DCG), took to Twitter on April 25 to issue a statement on Genesis filing a motion for mediation. The firm said that Genesis’ settlement could be troubled due to renewed demands from creditors. DCG Statement on Genesis filing Motion for Mediation: pic.twitter.com/pRluUnL49C — Digital Currency Group (@DCGco) April 25, 2023 In February, Genesis Capital submitted a comprehensive…

Opera integrates generative AI in the latest browser update

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Artificial intelligence (AI) has been making headlines as the technology becomes more pervasive in major industries across the world.  The legacy web browser Opera announced the latest version of its application, Opera One, which will include a new generative AI integration. According to Opera, the in-browser AI feature known as AI Prompt will deliver users “contextual prompts” for web pages or highlighted text.  In a tweet, the web service provider said AI features will be automatically enabled for all users, and in addition, there will be quick access to other AI…

Blockchain and crypto leaders converged at DAO Tokyo as Japan increases adoption

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Japan’s regulatory and political environment for crypto and Web3 technologies has been evolving rapidly over the past several years. The Financial Services Agency of Japan reported in December 2022 it planned to lift restrictions on foreign-issued stablecoins in Japanese exchanges, which could have significant implications for the decentralized finance (DeFi) ecosystem in Japan and the wider region.  Furthermore, the Japanese government’s announcement that it plans to invest in nonfungible tokens (NFTs) and the metaverse highlights the increasing recognition of the potential of Web3 technologies to transform various sectors of society…

FinTech Firm Klarna Overhauls App with TikTok-like Discovery Feed amid AI Hype

Klarna seeks to leverage the power of AI for offering curated shopping experiences to customers while also introducing TikTok features and new tools for advertisers. The artificial intelligence (AI) revolution is taking over and has only accelerated over the past few months. As a result, companies are making quick pivots to hop on the trend and adopt the prowess of this new tech revolution. Recently, fintech firm Klarna announced a massive redesign of its app while adding an AI-powered TikTok-inspired discovery feed. Besides, it also introduces customized shops for social…

5 real-world applications of natural language processing (NLP)

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Natural language processing (NLP) is a field of study that focuses on enabling computers to understand and interpret human language. NLP involves applying machine learning algorithms to analyze and process natural language data, such as text or speech. NLP has recently been incorporated into a number of practical applications, including sentiment analysis, chatbots and speech recognition. NLP is being used by businesses in a wide range of sectors to automate customer care systems, increase marketing initiatives and improve product offers. Related: 5 natural language processing (NLP) libraries to use Specifically, this…

California Lawmaker Introduces Bill to Incorporate DAOs

With Matt Haney taking a very bold step that is backed by the industry, seeing DAOs function as businesses will be a matter of time. A California lawmaker Matt Haney has introduced Assembly Bill 1229 which seeks to re-engineer and expand the state’s corporate to include Decentralized Autonomous Organizations (DAO). As reported by Decrypt, the proposed Bill, if passed, will enable DAOs, blockchain networks and smart contracts to register as businesses in the state. This registration will enable the protocols to function like a regular business with the ability to…

Coinbase Files Legal Action Against SEC Over Lack of Regulatory Clarity – Bitcoin News

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On April 24, 2023, Coinbase announced that it had filed an action in federal court requesting the U.S. Securities and Exchange Commission (SEC) to respond to their petition. The petition, submitted in July 2022, requested the commission to propose and adopt rules governing the regulation of digital assets. Coinbase Requests SEC to Respond to Petition for Digital Asset Regulation The cryptocurrency exchange Coinbase has filed a court action to press the U.S. Securities and Exchange Commission (SEC) about its July 2022 petition requesting regulatory guidance. In an announcement on Monday,…

PepsiCo Reports Q1 2023 Earnings, $17.85B Revenue Beats Wall Street Expectations

Beverage giant PepsiCo raised its full-year outlook following its commendable Q1 2023 performance, beating analysts’ expectations. PepsiCo (NASDAQ: PEP) has raised its 2023 yearly outlook following its better-than-expected Q1 performance. On Tuesday, the multinational food, snack, and beverage corporation posted earnings and revenue that surpassed expectations. For the first quarter of the year, PepsiCo reported $17.85 billion in revenue compared to the $17.22 billion analysts expected. In addition, the New York-based corporation reported earnings per share (EPS) of $1.50 adjusted versus Wall Street’s projected $1.39. In Q1 2023, PepsiCo realized $1.93 billion…