On its face, the retail sales report from the U.S. Census Bureau for June showed some weakness, with the headline number rising 0.2% last month versus forecasts for 0.5% and May’s 0.5%. However, the retail sales “control group” – which filters out some components to compile a more precise gauge of consumer spending – rose 0.6% in June, more than double May’s pace and far ahead of estimates for a decline of 0.3%. Original
Day: July 18, 2023
EU stays on top of Web3 with metaverse, AI and crypto strategies
The European Union has been vocal about its place in the rapidly expanding ecosystem of emerging technologies. It has been a leader in establishing clear crypto regulations with its long-awaited Markets in Crypto-Assets (MiCA) framework signed into law in late May. The EU has also been pushing forward on creating regulations for the development and deployment of artificial intelligence (AI) systems. Most recently, on July 11, the European Commission released its latest plan to take the lead in metaverse development and prevent Big Tech from becoming too dominant in an economically viable…
Joint letter from the ICO and FCA to UK Finance and Building Societies Association
It is more important than ever, with increasing cost of living pressures, for firms to ensure their customers are receiving fair value on their savings. We note that some firms have raised the rates of existing savings products, and others have taken positive steps to communicate with their customers to ensure they know the best rates available to them. However, too many customers are sitting on low rates or not accessing products that may offer better value. Some firms have queried whether data protection regulations prevent them from telling savings…
Arkham's Token Debuts at $0.75 After Being Sold for $0.05 in Binance Launchpad
Blockchain analytics firm Arkham Intelligence’s native token (ARKM) is trading at $0.74 with a $107 million market cap after it was issued to beta testers and Binance launchpad participants. Source
Vitalik Buterin shares account abstraction challenges in Ethereum: EthCC
While account abstraction in Ethereum is perceived to be a catalyst that could onboard a billion users, Ethereum co-founder Vitalik Buterin shared some challenges in implementing the new feature on the blockchain. Buterin, speaking on July 18 at the Ethereum Community Conference (EthCC) event in Paris, explained some of the key innovations that modern account abstracting brings and the current hurdles that the community is facing when it comes to the concept. Vitalik Buterin at the EthCC event held in Paris. Source: EthCC At the moment, when Ethereum users are…
9 AI coding tools every developer must know
In the rapidly evolving field of artificial intelligence (AI), developers constantly seek tools and technologies to enhance their coding efficiency and productivity. From machine learning frameworks to code generation utilities, various AI coding tools have emerged to simplify complex tasks and accelerate the development process. This article will explore nine essential AI coding tools that every developer should be familiar with. TensorFlow Google created TensorFlow, a popular open-source platform for creating machine learning models. It provides a complete collection of tools and libraries that allow programmers to quickly create, train…
G20 Welcomes FSB’s Tougher Crypto Rules, Says Presidency Holders India
“Members also discussed the presidency note that India had prepared and noted that it would be an important input towards prioritizing areas of work essential for achieving a comprehensive cohesive and coordinated global policy and regulatory framework,” said Sitharaman. Source
Crypto Insurer Evertas Acquires Bitcoin Mining Cover Specialist Bitsure
Providing insurance for the specialized equipment used to mine bitcoin might seem similar to the straightforward type of property-risk cover for data centers and the like, said Evertas CEO J. Gdanski. But a lingering fear of crypto generally, combined with several variables that affect the value of mining rigs, make it a poorly understood risk, Gdanski said. Original
Reddit Community’s Moons (MOON) Tokens Soar
Moons (MOON), the native token of Reddit’s r/CryptoCurrency community of over 6.5 million users, has chalked up a triple-digit percentage price gain this week. One analyst cited Reddit’s recent change in terms of service as a possible reason for the impressive price rally, which has seen MOON’s price has surging 170% to almost 25 cents from 9 cents, according to data tracked by Coingecko. The cryptocurrency is listed on SushiSwap, Gate.io and MEXC. Moons are ERC-20 tokens distributed as rewards to users for their posts or comments in the r/CryptoCurrency…
Metaverse Startup Futureverse Raises $54M Series A From 10T Holdings, Ripple Labs: Bloomberg
Futureverse formed out of the merger of eight companies in late 2022, with three more assimilated subsequently. Source