Day: May 15, 2023

US Regulatory Crackdown Pushing Crypto Firms to Bermuda

With crypto giant Coinbase seeking a license to operate in Bermuda, the country’s crypto market is buzzing with activity of more US firms showing interest. The tighter regulatory action and crackdown in the US have recently forced crypto companies operating in the country to shit their base to the crypto-friendly nation of Bermuda. The friendlier crypto framework of Bermuda has already attracted several firms from the US. It’s not at all unusual for crypto firms to pick overseas destinations to establish base due to friendlier rules. Previously, top players like…

US-based Crypto Companies Threaten to Move Businesses Abroad due to Unfavorable SEC Regulation

A growing number of US-based crypto companies are considering leaving the country due to increasingly harsh SEC crackdowns. Following a harsh crackdown by the Securities and Exchange Commission (SEC) in the US, several crypto companies threatened to leave the country. On Sunday, reports stated that these US-based crypto players are testing their lobbying power limits with the bold threats issued. CNBC described the crypto-regulatory standoff as a ‘poker game’, in which the firms hope to force the SEC to accept their demands. Executives at crypto companies like Coinbase (NASDAQ: COIN) and Ripple oppose increasing SEC pressure to…

Amazon implements AI to enhance logistics and delivery speeds

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Amazon is prioritizing using artificial intelligence (AI) to enhance delivery speed by reducing the distance between products and customers. Speaking to CNBC on May 15, Stefano Perego, vice president of customer fulfillment and global operations services for North America and Europe at Amazon, said that artificial intelligence plays a role in various aspects of Amazon’s operations. This includes using AI for transportation, such as mapping and route planning, and considering factors like weather conditions. Additionally, AI assists customers in finding the desired products when searching on Amazon. Currently, Amazon is…

Sink or swim at $27K? 5 things to know in Bitcoin this week

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Bitcoin (BTC) is fighting for the bull trend as the new week begins with the market acting within a crucial zone. After closing the weekly candle at just below $27,000, BTC/USD is attempting to cement support as a stubborn trading zone holds. The stakes are already high, with last week seeing a flash dip below $26,000 and two-month lows for Bitcoin, making traders fearful of a larger bearish breakdown to come. While this has not materialized, nerves remain on both shorter and longer timeframes. Where is price action likely headed…

Bitcoin a top-3 asset in the event of US debt default: Survey

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Major cryptocurrency Bitcoin (BTC) could become a top-three asset in the event of a theoretical debt default in the United States, according to a new survey. As U.S. President Joe Biden prepares to meet with Congress on May 16 to discuss the U.S. debt ceiling, investors are seeking hedges to protect their savings in the event of default. Gold, U.S. Treasury Bonds and Bitcoin would be the top three assets, should the U.S. fail to raise its debt ceiling and default on its debt, data from Bloomberg’s latest Markets Live…

Worldcoin Project Seeks $100M in Funding as It Plans Mainstream Launch

The scanning of people’s eyes gives guaranteed access to use the Worldcoin digital currency. The Worldcoin project is looking at raising the sum of $100 million in funding as it prepares to expand its reach with the launch of its own blockchain protocol in the next couple of weeks. According to a report by the Financial Times, the Worldcoin project will use the funding to bolster the development of its iris scanning technology. Per people familiar with the funding plans, the group of investors being courted includes old and new…

Amazon Introduces Artificial Intelligence, Sets to Boost Product Deliveries

With Artificial Intelligence, Amazon products will be delivered to a consumer on the same day or the next day. American multinational e-commerce company Amazon has introduced Artificial Intelligence to boost its delivery speed. According to a top Amazon executive, the newly introduced AI will bring products closer to customers. The AI functions by locating the nearest warehouse with the product needed by the consumer. In a short discussion with Stefan Perego, Amazon’s vice president of customer fulfillment and global op services for North America and Europe, he explained how the…

How to use a VPN for online security and privacy

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A Virtual Private Network (VPN) is a technology that establishes a secure and encrypted connection between your device and the internet. It creates a private network over a public network, such as the internet, allowing you to browse the web securely and privately.  A VPN’s increased online security is one of its main benefits. Your internet traffic is rendered unreadable to potential hackers and cybercriminals when encryption is used, keeping your important information safe. Furthermore, VPNs are essential for protecting your privacy. They make it difficult for websites, online services…