Day: June 7, 2023

5 AI tools for summarizing a research paper

boss

The inherent intricacy and technical nature of research papers’ content make reading them a challenging undertaking. These research articles can be difficult to understand, especially for non-experts or those who are new to the area because they frequently contain specialized vocabulary, complicated concepts and complex methodologies. The amount of jargon and technical terms might act as a barrier, making it harder for readers to comprehend the content. Additionally, research papers frequently dive into complex theories, models and statistical analyses, demanding a solid background understanding of the subject to ensure adequate…

US Financial Services Committee sets date to discuss future of crypto

boss

The United States House of Representatives Financial Services Committee has scheduled a hearing on crypto to discuss its future and provide clarity for the digital assets ecosystem. On June 6, Representative Patrick McHenry, the House Financial Services Committee chairman, announced a full committee hearing titled: “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem.” The hearing is scheduled for June 13 at 2:00 pm Eastern Time. According to the committee, the hearing will be live-streamed on its website. Screenshot of the announcement of a hearing on the…

Bitcoin OG keeps faith in bull market as BTC price bounces 8%

boss

Bitcoin (BTC) swiftly erased its month-to-date losses into June 7 as volatility returned to ultimately favor the bulls.  BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView BTC price cancels Binance, Coinbase dip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $27,388 on Bitstamp — almost a new June high. The pair continued a rebound which had begun the day prior, with markets shaking off initial nerves from United States legal action over Binance and Coinbase. In so doing, Bitcoin recovered all of its lost ground, returning to its…

USDC Issuer Circle Receives Digital Token License in Singapore

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

SEC’s Gensler claims ‘parallels’ between Binance and FTX, yet one wasn’t sued

boss

The United States securities chair has hinted at “parallels” between crypto exchange Binance and collapsed exchange FTX — namely their alleged use of sister firms to move funds.  Speaking to Bloomberg on June 6, the U.S. Securities and Exchange Commission chair Gary Gensler, pointed to FTX’s alleged fraud and manipulation regarding its sister firm Alameda Research, including the alleged role that its founder Sam Bankman-Fried played in it. SEC’s Gary Gensler speaking with Bloomberg’s David Westin. Source: Bloomberg “There’s a business model that bundles and commingles functions that we don’t…

Jack Dorsey courts controversy by claiming ETH is a security

boss

Long-time Bitcoin (BTC) advocate Jack Dorsey has found himself in a Twitter war with several crypto industry pundits after he responded with “yes” to a question asking if Ether (ETH) was a security. The comment caught the attention of Udi Wertheimer, a Bitcoin Ordinals developer at Taproot Wizards, who inferred Dorsey was a “clown” in a tweet on June 6. In response, Dorsey tweeted “ETH is not a security? Teach me wizard,” which prompted Wertheimer to share a five-year-old video of the United States Securities Exchange Commission (SEC) chair Gary…

JP Morgan partners with six Indian banks for blockchain-based interbank dollar settlements

JP Morgan Chase & Co. has partnered with six Indian banks to launch a blockchain-powered platform for settling interbank dollar transactions in India’s emerging international financial center.  The pilot program commenced June 5 and is expected to run for several months, as stated by Kaustubh Kulkarni, the senior country officer at JP Morgan. 24/7 transactions India’s ambitious Gujarat International Finance Tec-City (GIFT City) is emerging as a contender against global financial hubs like Singapore and Dubai. In a strategic move, the Reserve Bank of India (RBI) has allowed banks operating…