Month: May 2023

Wendy’s to trial chatbot drive-thru operator

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An artificial intelligence (AI) chatbot dubbed “Wendy’s FreshAI,” will take orders from Wendy’s drive-thru customers after the fast-food chain partnered with Google Cloud to create the bot. Over three-quarters of Wendy’s customers prefer to place their orders via drive-thru, according to a May 9 announcement from Google Cloud and the Tech Giant claimed using a chatbot to service these customers will “revolutionize the quick service restaurant industry.” AI chatbots such as OpenAI’s ChatGPT use natural language processing to understand what people are saying, and then use machine learning algorithms to…

Activist Lawyer Accuses IMF and World Bank of ‘Economic Sabotage’ to Promote US Dollar, Urges Nigeria to Join BRICS – Africa Bitcoin News

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Nigerian human rights activist and lawyer, Femi Falana, has accused the International Monetary Fund (IMF) and the World Bank (WB) of sabotaging the currency swap arrangement between China and Nigeria. Falana said the Nigerian central bank and the two global financial institutions are helping to perpetuate “the dominance of the United States dollar in Nigeria.” Nigerian Federal Government Accused of Dollarizing the Economy The International Monetary Fund and the World Bank are conniving with the Central Bank of Nigeria (CBN) to sabotage the country’s currency swap arrangements, Nigerian human rights…

Cardano’s transaction load at 94% capacity

According to Sebastien Guillemot, the chief technology officer (CTO) and co-founder of Paima ecosystem, Cardano is currently operating at 94% of its maximum capacity.  Cardano is currently at 94% load! Only 6% left until Cardano is at max capacity What does that mean, and how can you be prepared 🧵 pic.twitter.com/1TZsIUg10N — Sebastien Guillemot (@SebastienGllmt) May 8, 2023 Transaction load rapidly growing The transaction load in Cardano, a smart contracting platform, is growing; a general trend especially in top networks, including Bitcoin and Ethereum, where on-chain fees are now higher because…

Bitcoin ‘under siege’ by BRC-20 coins as fees soar, claims analyst

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Increased fees and a backlog of transactions are besieging the Bitcoin (BTC) network and it’s due to a popular new “token” standard according to a CryptoQuant analyst. On May 9, Axel Adler Jr, an analyst with the crypto data firm, explained that BRC-20 memecoin minting on the BTC blockchain is causing the surge in block space demand, adding: “Unlike conventional token standards, such as Ethereum’s ERC-20, BRC-20 does not utilize smart contracts and operates only with wallets supporting the Bitcoin blockchain.” According to CryptoQuant, the average fee per transaction skyrocketed,…

OKX takes a subtle jab at Coinbase in new ad campaign

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It comes after Coinbase launched a campaign on March 9 called “It’s time to update the system.” OKX’s message came at the end of a 60-second video campaign launched May 9 that takes aim at the so-called “broken ways” of the centralized financial system. Crypto exchange OKX has seemingly called out rival exchange Coinbase in a new global ad campaign that argues “the system doesn’t need an update, it needs a rewrite.”  While the video doesn’t reference Coinbase directly, it does appear to take a subtle dig at the exchange…

PayPal’s crypto holdings rise 56% to $943m in Q1 2023

PayPal’s crypto holdings rose 56% in Q1 2023 per a recent submission to the U.S. Securities and Exchange Commission (SEC). In Q1 2023, PayPal’s cryptocurrency assets comprised $499m in bitcoin (BTC), up from $291m in December; $362m in ethereum (ETH), an increase from $250m; and an aggregate of $82m in bitcoin cash (BCH) and litecoin (LTC), which rose from $63m. PayPal’s crypto assets rose to $943m by March 31, 2023, a 56% jump versus the $604m registered in Q4 2022. The firm’s profitability also increased during this period. On a…

Bear market pushes crypto events to cut fluff, prioritize discourse

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The extended crypto winter has pushed crypto event organizers to tone down on the lavishness, allowing attendees to focus on asking more “intelligent questions” about regulation and tax. Crypto conferences attract all sorts from the crypto space, from founders and high-level executives to crypto influencers and everyday users. Tiffany Fong, a crypto vlogger who gained fame interviewing former FTX CEO Sam Bankman-Fried following the collapse of the exchange, is attending crypto conferences for the first time this year. Speaking to Cointelegraph, Fong — who attended both Bitcoin Miami 2023 and…

Lawmaker Warns US Default Risks Dollar’s Reserve Currency Status, Exploitation by China and Russia – Economics Bitcoin News

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The top Democrat on the House Intelligence Committee has warned that China and Russia would seek to exploit the chaos resulting from a U.S. default. He further cautioned that the U.S. dollar’s reserve currency status could be eroded if the U.S. defaults on its debt obligations. U.S. Lawmaker’s Debt Default Warning Congressman Jim Himes (D-CT), the ranking Democrat on the House Intelligence Committee, warned Sunday during an appearance on CNN’s “State of the Union” about the risks of the U.S. defaulting on its debt obligations. The lawmaker was asked whether…

Non-web3 communities are doomed | Opinion

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In recent years, we’ve seen a rise in web3 technology and its potential to reshape the way we think about community building, offering a new way of creating and exchanging value in a decentralized and trustless environment that traditional communities cannot match. With web3, communities are not just about social interaction but also about creating and exchanging value in a fundamentally different way from conventional methods. As…

Bitcoin BTC Price Ticks Up as Congestion Wanes and Investors Ponder the Next Price Spur

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Crypto exchange Bittrex filed for bankruptcy in the U.S. state of Delaware on Monday, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission (SEC). This came as bitcoin (BTC) was hovering below $28,000. eToro U.S. Investment Analyst Callie Cox provided her crypto markets analysis. Plus, Phoenix Labs co-founder and CEO Sam MacPherson discussed MakerDAO’s Spark Protocol launching today. Tiago Sada, Tools for Humanity head of product, along with Navin Gupta, managing director of South Asia & MENA…