Day: June 27, 2023

It’s a Beautiful Life in This Crypto Payments Hotbed

Ljubljana is a study in contrasts when it comes to factors that measure grassroots crypto enthusiasm and activity. Its opportunities score, based on the rate of per-capita crypto jobs, companies and events, is outstanding, but its crypto adoption score, in the drivers category, was second-lowest of the entire 25-hub sample. The poor performance could be explained by the fact that crypto adoption is measured on a national scale, reflecting all of Slovenia, and not just Ljubljana itself. On its own, Ljubljana had a top-10 quality-of-life score, which enabled it to…

Japanese Financial Giant Mizuho to Let 45000 Employees Test Out OpenAI

Mizuho Bank said that it will use the AI tool in the bank’s brokerage unit. The Japanese banking giant will conduct an “ideathon” next month and brainstorm various ways to experiment with the technology. On Tuesday, June 27, Japan’s third-largest banking institution Mizuho declared that it will allow all of its 45,000 employees in Japan to use Microsoft’s Azure OpenAI from this week. This will make the Mizuho Group the first financial company in Japan to use generative AI. Niu Dujungang, head of the company’s digitalization, said that access to…

What is DALL-E, and how does it work?

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OpenAI created the ground-breaking generative artificial intelligence (AI) model known as DALL-E, which excels at creating distinctive, incredibly detailed visuals from textual descriptions. DALL-E, in contrast to conventional picture creation models, can produce original images in response to given text prompts, demonstrating its capacity to comprehend and transform verbal concepts into visual representations. During training, DALL-E makes use of a sizable collection of text-image pairs. It learns to associate visual cues with the semantic meaning of text instructions. DALL-E creates an image from a sample of its learned probability distribution…

A Buzzy, Affordable Mecca for Buy-and-Hold Crypto Nomads

The final hub to make the cut into our top-15 ranking of crypto hubs, Lisbon had an above-average rating for crypto regulatory structure, 4 out of 5. That important criteria, in the drivers category, was worth 35% of the total score on its own. But Lisbon scored in the solid middle- to lower-middle of the 25-hub pack on nearly every other measure, from grassroots crypto adoption (another driver) to opportunities criteria including per-capita crypto jobs, companies and events. What lifted the popular expat destination into the final 15 was a…

Robinhood to Cut 7% of Its Staff after Two Rounds of Layoffs

If implemented, it will mark the third round of layoffs for Robinhood in just over one year. The brokerage firm laid off 9% of its workers in April 2022 and 23% in August of the same year. Robinhood plans to lay off some part of its staff as it seeks to reduce the cost of operations due to the reduction in demand it is experiencing. Many current workers were employed to fill various needed roles during the Covid era. During that time, there was a huge demand for cryptocurrency trading…

Saudi Aramco Expects Strong Oil Demand from China and India despite Economic Downturn

The state-owned Aramco believes that the oil demand forecast for the rest of 2023 is solid even though metrics point to a dwindling economy. Saudi-owned oil and gas firm Saudi Aramco has a strong outlook on oil for the rest of the year as it anticipates healthy demand from India and China. Saudi Aramco predicts strong demand from both countries regardless of an economic retraction expected in global markets. Speaking at the Energy Asia conference in Kuala Lumpur, Aramco CEO Amin Nasser said oil market fundamentals “remain generally sound” for…

Circle CEO Jeremy Allaire optimistic about bitcoin ETF approvals

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Jeremy Allaire, the co-founder and CEO of Circle, expressed optimism about the potential approval of bitcoin exchange-traded funds (ETFs) during an interview at the World Economic Forum in Tianjin, China. Allaire believes that regulators’ previous concerns regarding bitcoin ETFs will soon be resolved, paving the way for authorized ETFs. He noted the progress in developing more mature market structures to support these financial instruments. Allaire told Bloomberg, “You have mature spot markets, well-regulated custody infrastructure, and…

Crypto Bankruptcy Investor Ouroboros Uses Automated Due Diligence to Consider Smaller Claims

One avenue open to those whose assets are locked up in a bankruptcy estate is to sell their claims at a discount at marketplaces such as X Claims or Claims Market. But there are very few providers of liquidity for relatively small claims of around $50,000 because of the cost of the due diligence, according to Ouroboros co-founder Louis d’Origny. Source AutomatedBankruptcyClaimsCryptoDiligenceDueInvestorOuroborosSmaller CryptoX Portal

Whale Drives Ether-Bitcoin Volatility Spread Lower Ahead of Options Expiry

At press time, the ETH-BTC DVOL spread stood at -2.5, having hit a three-year low of -7.8 last week, according to data source Amberdata. Implied volatility, or IV, represents traders’ expectations for price turbulence over a specific period and is positively impacted by the demand for options. A call option represents a bullish bet on the underlying asset, while a put represents a bearish bet. Source