Month: July 2023

How to use chatbots for virtual assistance

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Businesses and individuals are continually looking for novel methods to improve customer service, optimize operations and provide individualized experiences in today’s digital world.  Chatbots, a potent tool for virtual support, allow for effective and automated user interactions. This article will explain how chatbots may revolutionize organizations’ interactions with their customers and streamline internal operations by providing virtual support. Understanding chatbots: The foundation of virtual assistance It’s crucial to understand the principles of chatbots before delving into their practical applications. Conversational agents that use artificial intelligence (AI) to replicate human-like discussions…

A Second Round of the Lummis-Gillibrand Crypto Bill Elevates U.S. CFTC, Defines DeFi

About a month ago, the senators met with Lael Brainard, director of the White House’s National Economic Council and a former Federal Reserve governor who oversaw its research into central bank digital currency (CBDC), going over the details of the legislation for about an hour, said people familiar with the effort behind the new bill. The lawmakers’ staffs have also had regular contact with the relevant financial agencies, the people said. They said this bill was designed to find a middle road between the parties, and many of its provisions…

Ethereum Layer-2 Blockchain Starknet ‘Quantum Leap’ Upgrade Goes Live, for Speedier Transactions

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Stablecoin Issuers Urged to Anticipate EU’s MiCA Rules by Banking Agency EBA

Issuers of e-money tokens tied to fiat currency and of asset-reference tokens linked to other products such as gold should start adhering to MiCA’s “high standards” of disclosure to potential users sooner rather than later, non-binding guidelines published by the Paris-based agency said, offering a template form for companies to voluntarily notify intentions to national regulators. Original Source agencyAnticipateBankingEBAEUsIssuersMiCARulesStablecoinUrged CryptoX Portal

High skilled jobs most exposed to AI, impact is still unknown

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An employment outlook paper suggests that highly skilled professions are the most exposed to artificial intelligence while its potential impact on employment is yet to be seen. The Organisation for Economic Co-operation and Development (OECD) released its latest employment  report, with a focus on labour demand and widespread shortages given ongoing high inflation and resulting fiscal policies around the world. A key takeaway is covered in a chapter dedicated to exploring why there is no significant sign of slowing labour demand due to advancements in AI. Measures of AI exposure show…

Bitcoin trader eyes BTC price ‘Darth Maul candle’ as CPI due 2-year low

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Bitcoin (BTC) eased higher into July 12 with the key macroeconomic event of the week just hours away. BTC/USD 1-hour chart. Source: TradingView CPI set to hit lowest since March 2021 Data from Cointelegraph Markets Pro and TradingView followed BTC price momentum as it slowly inched closer to $31,000. The largest cryptocurrency showed little volatility through the start of the week, with local range highs and lows still clearly defined. #FireCharts shows #Bitcoin ask liquidity moving closer to the active trading zone, while bid support strengthens. Expecting to see liquidity…

Google hit with lawsuit over new AI data scraping privacy policy

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Google is now facing a lawsuit in the follow-up to its recent privacy policy update that accuses the tech giant of misusing large amounts of data, including copyrighted material in artificial intelligence (AI) training.  The lawsuit was filed on July 11 by eight individuals who claim to represent “millions of class members” – internet users and copyright holders- who have had their privacy and property rights violated in light of Google’s recent updates to its privacy policy. In its opening statement, the plaintiffs accuse Google of “harvesting data in secret”…

Stablecoins Pose ‘Existential Threat’ to Policy Sovereignty, Says RBI Senior Official: Report

The number two at the Indian central bank said that stablecoins are beneficial to economies such as the U.S. and Europe, to whose currencies the stablecoins may be linked. But in a country like India, they could potentially replace the use of the rupee in the local economy, Sankar said, thanks also in part to the transfer of profits made by the government by issuing currency to private players. Source

Bank of China trials offline payments for digital yuan via SIM cards

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Bank of China, one of the largest state-owned banks in China, is currently conducting trials for a novel offline payment system that connects to SIM cards. This payment method is designed specifically for the digital yuan, also known as the e-CNY, which is China’s central bank digital currency (CBDC) currently being tested. This announcement was made by the bank on Monday in a social media post, revealing their partnership with telecommunication operators China Telecom and China Unicom and their intention to commence testing on Tuesday. The bank plans to enable…