Day: July 17, 2023

7 payment gateways for fast online transactions

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In today’s fast-paced digital world, speed and convenience are paramount when it comes to online transactions. Whether you run an e-commerce business or simply want to make swift payments online, having a reliable payment gateway that ensures seamless and speedy transactions, including support for cryptocurrencies, is essential. Here are seven payment gateways known for efficiency, fast processing times and crypto support. PayPal PayPal is one of the most widely recognized and trusted payment gateways globally. PayPal offers quick currency exchanges thanks to its simple user interface and worldwide reach. Due…

How Chainflip is shaking up native cryptocurrency exchange

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In March 2020, Simon Harman and the team at Oxen (formerly known as LOKI) found themselves in a tight spot. It was the start of the global pandemic, and they were running out of funding, having worked to build products for three years during a bear market. To top it all off, Bitcoin’s value had just dropped to a historic low of $3,000. “We were staring down the barrel of death, basically,” Harman recalls. It was clear that to survive the team needed to develop new products—ideally, ones that operated…

Australia’s NAB flags crypto exchange payments to curb scams

National Australia Bank (NAB) has blocked suspected fraudulent payments to some centralized crypto exchanges (CEXs) as Aussie lenders continue to make efforts to curb crypto-based scams in the country. NAB blocks payments to some crypto exchanges  NAB is the latest financial institution to restrict crypto-related payments as part of a coordinated effort to curb scams. Per a recent research report released by the Australian Securities Exchange (ASX), 15% of investors in the nation hold bitcoin (BTC) and other cryptos in their portfolio, underscoring the massive demand for blockchain-based digital assets in the…

AI content cannibalization problem, Threads a loss leader for AI data? – Cointelegraph Magazine

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ChatGPT eats cannibals ChatGPT hype is starting to wane, with Google searches for “ChatGPT” down 40% from its peak in April, while web traffic to OpenAI’s ChatGPT website has been down almost 10% in the past month.  This is only to be expected — however GPT-4 users are also reporting the model seems considerably dumber (but faster) than it was previously. One theory is that OpenAI has broken it up into multiple smaller models trained in specific areas that can act in tandem, but not quite at the same level.…

Lost keys have already cost billions of dollars, many more at risk — Polygon exec

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While private or mnemonic keys offer many advantages for security, they also present practical challenges, according to Mudit Gupta, the chief information security officer of layer-2 scaling solution Polygon. Speaking at the Ethereum Community Conference (EthCC) event on July 17, Gupta discussed the differences between theoretical security and practical security in the blockchain and crypto space. Gupta told the EthCC audience in Paris that when it comes to theoretical security, the space is “running so fast.” However, the Polygon executive believes that when it comes to practical security, the space is “so…

NAB Tags Crypto Exchanges Risky, Halts $270m Transfers

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National Australia Bank (NAB) has actively taken measures to safeguard its customers from financial scams, recently intervening in transactions worth over $270 million. This move comes as a response to the rising scam concerns between March and July. Additionally, NAB is introducing restrictions on payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern…

Cryptocurrency BNB Is Being Heavily Shorted

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Traders in the perpetual futures market tied to the BNB token are leaning bearish as the embattled cryptocurrency faces a challenging environment on multiple fronts. Data tracked by Coinglass show open interest and volume-weighted funding rates in perpetual futures have slipped to -0.18%, the lowest since late April. Those numbers mean shorts, or positions that profit from a price drop, are dominant, and are willing to pay longs to keep their bearish bets open. Funding rates are charged every eight hours. “BNB is being heavily shorted,” Huff Haus, co-founder of…

Is Proof Of Funds The New Standard For Centralized Exchanges?

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In the wake of the FTX crash, the cryptocurrency landscape has been forever altered, revealing the vulnerabilities inherent in centralized exchanges. While these exchanges continue to hold significant value in the digital asset ecosystem, they face the challenge of addressing the concerns of their users, who fear the potential loss of funds due to mismanagement. One solution gaining traction in the industry is the implementation of Proof of Funds, a mechanism that ensures transparency and security in the exchange of digital assets. Proof of Funds Send a Powerful Signal As…

Ripple预期美国银行将采用其XRP加密货币 | Blockchain News

在法院裁决XRP代币不一定是证券后，总部位于旧金山的区块链初创公司Ripple对美国银行和金融机构采用其XRP加密货币进行跨境支付持乐观态度。 Ripple的总法律顾问Stu Alderoty告诉CNBC，该公司预计将在2023年第三季度开始与美国金融公司讨论使用其On-Demand Liquidity (ODL)产品。ODL产品使用XRP进行资金转账，为跨境交易提供了更快、更具成本效益的解决方案。 美国证券交易委员会（SEC）对Ripple的指控在最近的一项决定中被纽约法院驳回，法院裁定XRP “并不一定是证券”。 自SEC对Ripple及其两位高管非法提供13亿美元XRP的指控后，法律官司已经打了三年。Ripple否认了这些指控，声称XRP更像是商品而不是证券。 尽管这项裁决并未代表Ripple的全面胜利，因为一些代币的销售确实符合证券交易的条件，但Alderoty表示乐观。他表示，这个决定可能会给潜在客户带来安慰，并激发关于解决跨境价值转移和相关费用的实际问题的讨论。 目前，Ripple的大部分业务来自美国以外。 2023年6月22日，Ripple的新加坡子公司Ripple Markets APAC Pte Ltd获得了新加坡金融管理局（MAS）对主要支付机构许可申请的原则性批准。 这个批准使Ripple能够在新加坡提供受监管的数字支付代币产品和服务，同时也扩大了其加密启用的On-Demand Liquidity (ODL)服务的采用。 2022年，Ripple的ODL服务在全球范围内实现了显著增长，其中大部分增长由其在新加坡的运营推动。 2023年7月8日，Ripple的CBDC团队揭示了一种开创性的用例 – 房地产代币化。这种方法使用户能够将房地产资产代币化，并将其作为贷款抵押，可能增加更多个人获得房地产融资的机会。这将通过使用安全、私有和获得许可的账本，也就是Ripple CBDC平台，来实现。 Source link