Day: August 10, 2023

Ripple joins BIS cross-border payments task force

The Bank for International Settlements (BIS) has recently announced a cross-border payments interoperability and extension (PIE) task force which includes the blockchain-based digital payment network, Ripple.  On Aug. 9, BIS announced the members of the PIE task force that will work to “enhance cross-border payments and meet the quantitative targets for cross-border payments endorsed by the G20.” The task force is a part of the BIS Committee on Payments and Market Infrastructure (CPMI). The BIS Committee on Payments and Market Infrastructures has announced the membership of its cross-border payments interoperability…

Apple developing pocket AI, deep fake music deal, hypnotizing GPT-4 – Cointelegraph Magazine

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Apple wants to put an AI in your pocket Apple has been playing its cards close to its chest when it comes to AI. While rival Microsoft has jumped on the ChatGPT bandwagon and is integrating AI into everything despite the bugs and hallucinations, the acronym didn’t even get a mention at Apple’s Worldwide Developers Conference in June. Reports emerged in July, however, that Apple was working on its own generative AI tool, dubbed internally “Apple GPT,” which uses a large language model (LLM) framework called Ajax. On this week’s…

Mathew Sweezey Leaves Salesforce, Joins Smart Token Labs as Chief Strategy Officer

Sweezey told CoinDesk that in his new role at Smart Token Labs, he hopes to highlight how smart tokens can help onboard more users to Web3 by removing the technical barriers to entry, such as opening a crypto wallet. He explained that smart tokens can live on or off-chain, in an Apple Wallet or an email address, which makes it easier for new users to enter the space without needing to first set up a crypto wallet. Source

Whale Purchases $10 Million stETH In The past Day, Here Are Possible Reasons Why

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The crypto verse has recently witnessed a massive splash as an unidentified entity dove deep into the Ethereum ecosystem. A recent report from Lookonchain reveals that in a span of 24 hours, the whale has purchased $10 million worth of Lido Staked Ethereum (stETH). The Big Purchase And Past Activities Lookonchain, an on-chain analytics firm, broke the news earlier today on their X (formerly known as Twitter) account revealing that a whale address was responsible for the withdrawal of 10 million Dai (DAI) from Maker. The smart whale withdrew 10M…

Blockchain Encyclopedia IQ.wiki Deploys ChatGPT-Based Search Function

“Reading through a 1,000 word encyclopedia entry to answer a question is difficult and time consuming for users, and the GPT-4 search engine solves that as users can simply ask a question,” said Navin Vethanayagam, Chief Brain of IQ.wiki. “At the same time, by making information search easier, the search engine, called IQ GPT, helps fight misinformation and makes onboarding easier for new traders,” he added. Source link

Bitcoin Price (BTC) Steady as U.S. July CPI Inflation Mostly In Line, Rising 0.2% for Month, 3.2% Y/Y

To combat galloping inflation early in 2022, the U.S. Federal Reserve began what’s now become an historic run of monetary tightening, raising its benchmark fed funds rate target more than 500 basis points over the past 17 months. The most recent rate hike was at the Fed’s last policy meeting in June. The surge in interest rates played at least a part in bitcoin’s tumble from more than $69,000 in late 2021 to just above $16,000 at the end of 2022 and its so-far meek bounce this year to just…

UK FCA’s Planned Crypto Incentives Ban Could Force Firms Out of Country, Lobbyists Say

“Crypto remains high-risk and the new rules are aligned with the existing rules for promoting other high-risk investments. We’ve conducted extensive consumer research, behavior testing and considered responses to both our discussion and consultation paper on the matter,” an FCA spokesperson said in an email to CoinDesk. “These rules are designed to be proportionate, evidence-based and strike the right balance between protecting people and enabling sustainable innovation in the sector.” Source

What is Helium Mining? | Blockchain News

Helium mining is the process of providing wireless coverage for the Helium Network, a decentralized network designed to support Internet of Things (IoT) devices. Participants, known as helium miners, deploy helium mining hotspots to contribute to the network’s coverage and are rewarded with tokens. Helium is “a global, distributed network of Hotspots that create public, long-range wireless coverage for LoRaWAN-enabled IoT devices and cellular devices”. The Helium Network and Helium Mining Hotspots Launch Date: 2019 Mission: To create a decentralized, open-source, accessible, and secure wireless network. Coverage: Helium miners have deployed…