Day: September 1, 2023

Robinhood (HOOD) to Buy Back Sam Bankman-Fried’s $605.7M Stock

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Brazilian crypto streamer loses $50K by accidentally exposing private key

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Brazilian cryptocurrency streamer Fraternidade Crypto is one of the latest victims of unsafe self-custody practices, reportedly losing thousands of dollars due to a private key accident. During a live stream on YouTube on Aug. 29, the owner of the Fraternidade Crypto channel, Ivan Bianco, unwittingly exposed his private key to a self-custodial cryptocurrency wallet. In the middle of the livestream related to Bitcoin (BTC) and blockchain games, Bianco apparently tried to access his passwords for the blockchain games platform Gala Games through a text file on his computer. Unfortunately for the…

IBM proposes ideas for digital euro implementation

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A group of IBM specialists has prepared some ideas regarding implementing the digital euro that the European Commission could consider. The tech consulting company highlighted five topics that could help design the digital currency. The five areas where the company focused on the draft were: Build on existing rails and provide enhancements for the digital euro. Extend PSD2(3) with a standard digital euro API for incumbents, FinTechs, and TPPs. Allow strong privacy for low-value proximity payments,…

Will it Break Through Resistance at $200?

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As Binance Coin (BNB) grapples with a turbulent market, its recent struggles have highlighted a decline in network activity, fueling a lack of buying pressure. The latest roadblock at the formidable $225 resistance level has compounded the altcoin’s long-term bearish bias, casting a shadow over its prospects in the crypto landscape. Taking a closer look at BNB’s recent performance, the altcoin faced a flurry of selling pressure in mid-August, a critical moment that saw the key support level of $225 transform into a major resistance. This shift firmly established bearish…

AI could revolutionize human resources, but there are risks

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As businesses globally grapple with the challenges of talent acquisition, employee retention and optimizing workplace dynamics, the potential of artificial intelligence (AI) to offer innovative solutions has become a focal point of discussion among human resources (HR) professionals.  For many industry insiders and observers, AI’s integration into HR represents a promising fusion of data-driven efficiency and enhanced decision-making. Organizations increasingly turn to AI-driven tools to streamline processes that were once time-consuming and reliant on human intuition. For instance, sophisticated AI algorithms can sift through vast pools of job applications, identifying…

BTC Price Crashes Under $26,000 with SEC Delaying Decisions on Spot Bitcoin ETF

Bitcoin continues to show weakness as the BTC price can move towards $24,000-25,000 as it goes to test the 200-week EMA once again.  On Thursday, August 31, the world’s largest cryptocurrency Bitcoin plummeted by more than 4.5% with its price slipping under $26,000, losing all the early week gains after the Grayscale court ruling. The selling pressure on BTC and its price comes as the US Securities and Exchange Commission (SEC) announced its decision to delay the approval of seven spot Bitcoin ETF applications. This includes applications from giants such…

US regulators deny blocking AI chip exports to Middle East

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The United States Department of Commerce said on Aug. 31 that the Biden administration has “not blocked chip sales to the Middle East,” according to a report from Reuters.  This comes after disclosures were revealed in a Nvidia report that the U.S. government had expanded requirements for export licenses for artificial intelligence (AI) chips. Advanced Micro Devices (AMD), a direct competitor of Nvidia, also received a similar letter from regulators. The Department of Commerce did not comment on whether the requirements were imposed on specific U.S. companies. However, the new…

SEC Delays Spot Bitcoin ETF Decision for All Applicants

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The U.S. Securities and Exchange Commission (SEC) delayed until October a decision on all spot bitcoin exchange-traded fund (ETF) applications submitted by firms including BlackRock, WisdomTree, Invesco Galaxy, Wise Origin, VanEck, Bitwise and Valkyrie Digital Assets, according to agency filings on Thursday. The SEC began reviewing the latest slate of applications from both crypto-heavy and traditional finance firms last month. The applicants hope to launch the first spot bitcoin ETF, which advocates have argued will allow for greater retail investment in the bitcoin market while saving investors the trouble of…

US, UK intel agencies warn against new crypto malware: Report

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An advisory report issued by government agencies in the United States and the United Kingdom warns users to beware of new malware being used to target crypto wallets and exchanges.  The U.S. National Security Agency (NSA), Cybersecurity and Infrastructure Security Agency (CISA), Federal Bureau of Investigation (FBI) and the U.K.’s National Cyber Security Centre (NCSC), which is a part of the Government Communications Headquarters (GCHQ) collaborated to release a joint report about the malware dubbed the “Infamous Chisel.” According to the report, the malware has been tied to the activities…