Day: September 8, 2023

Security platforms warn about hidden phishing and wallet drainer links

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With millions of dollars worth of assets being lost to phishing attacks after signing malicious permissions, the threat of losing crypto assets to questionable links is very real. When these are paired with platforms that allow hidden links, users are subjected to a different kind of risk. On Sept. 4, Web3 security provider Pocket Universe shared how scammers are able to hide wallet drainer links in any text on the instant messaging platform Discord. While some users report that the feature has only been enabled for Discord users recently, the…

What is OpenSea and how to use it?

The rise of nonfungible token (NFT) marketplaces has ushered in a new era, fundamentally reshaping the way we perceive and interact with digital assets. They provide a new medium for artists to showcase their creations and establish a direct and meaningful connection with their audience. OpenSea has taken center stage in this revolution. What is OpenSea? OpenSea, the brainchild of Alex Atallah and Devin Finzer, came into existence in 2017. Their mission was clear: to establish an open and user-friendly marketplace for NFTs. Recognizing the transformative potential of these assets,…

Chicago Fed Economic Model Sees U.S. Interest Rates High Enough to Tame Inflation While Avoiding Recession

“We estimate that although the majority of the effects on output and inflation have already occurred, the policy tightening that has already been implemented will exert further restraint in the quarters ahead, amounting to downward pressure of about 3 percentage points on the level of real gross domestic product (GDP) and 2.5 percentage points on the Consumer Price Index (CPI) level,” they noted. “The abatement of inflation occurs without a recession, as real GDP growth remains in positive territory throughout the projection.” Source

SoftBank-backed Stack AV Launches Autonomous Truck Business to Streamline Supply Chain Management

Stack AV has a team of experienced developers working on an AI-powered technology to increase productivity and efficiency in truck businesses. Artificial Intelligence (AI) technology is expected to significantly revolutionize the automotive industry in the coming years, and Stack AV is well positioned to lead in the truck business. Backed by veteran investors from the SoftBank Group Corp (Tokyo: 9984), Stack AV announced the launch of its autonomous truck business to introduce self-driving vehicles. The company highlighted that the new business venture will leverage its self-driving technology in a bid…

Westlake Financial Partners with Pagaya Technologies to Democratize Auto Loans Using AI

Following the strategic partnership, Westlake Financial will leverage Pagaya’s relationships with asset managers and other partners to finance the auto loans. Westlake Financial, an established automotive fintech company with over $24 billion in Assets Under Management (AUM), has announced a strategic partnership with Pagaya Technologies Ltd (NASDAQ: PGY), an Artificial Intelligence (AI) global company focused on the financial ecosystem, to further enrich the auto loan industry. According to the announcement, the partnership will focus on facilitating empowered credit decisions in a bid to elevate the vehicle purchase process. Furthermore, Westlake…

Blockchain could have prevented Nigeria’s naira scarcity — Local experts

Blockchain technology can help solve economic problems in Nigeria and throughout the African continent, according to a group of local blockchain experts who cited Nigeria’s currency flow shortage as a case study. At the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023, held in Abuja, the nation’s capital, stakeholders discussed the decision by the past government to mint new naira notes and Nigeria’s recent efforts to increase its Central Bank Digital Currency (CBDC) adoption which all led to a shortage in the flow of naira at…

Why 2024 Will Be The Highest Returning Year This Cycle

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In a recent comprehensive report by Capriole Investments, Charles Edwards presents a compelling case for why 2024 will be a pivotal year for Bitcoin, potentially offering the highest returns in its current four-year cycle. The report delves into multiple facets of Bitcoin’s future, including its role as an inflation hedge, the upcoming Halving event, and the impact of imminent ETF approvals. A Confluence Of Catalysts For Bitcoin Edwards begins by addressing the skepticism surrounding Bitcoin’s performance as an inflation hedge. “Bitcoin gets a hard rep for its performance coming out…

Ant Group launches a new blockchain brand for Web3 developers

Ant Group, the owner of the world’s largest mobile payment platform Alipay, revealed its new sub-brand under the name ZAN. The brand will focus on blockchain development and services for both institutional and individual Web3 developers.  The official press release, published on Sept. 8, cites a wide scope of technical products and services, which ZAN will offer to its clients. It starts with a solution to help Web3 companies issue and manage real-world assets (RWAs) in compliance with local regulatory requirements. Then it covers a series of technical products, including…

AVAX under pressure, QUBE emerges as formidable competitor

In crypto, projects always compete for dominance, reflected in their dips and expansions. Avalanche (AVAX), a smart contracts platform, has been under pressure, putting its near-term and short-term viability under scrutiny.  On the other hand, QUBE, the native token of InQubeta, is quietly emerging as a contender in crypto. This article explores AVAX’s challenges and the growing recognition of QUBE. InQubeta growing steadily As AVAX falls, QUBE is gaining recognition due to InQubeta’s features and fundamentals.  The project sits at the intersection of artificial intelligence (AI) and blockchain technology, a reason why…

Africa’s blockchain journey begins with poverty alleviation

There has been a resounding call for Nigeria, and Africa in general, to incorporate blockchain technology into its mainstream living. However, during a fireside chat involving stakeholders in the Nigerian blockchain community, it was noted that poverty has to be conquered first before blockchain technology can be properly incorporated into African society. At the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023, held in Abuja, the nation’s capital, GT Igwe Chrisent, the CEO of Sumotrust & Truzact, an online savings and investment platform stated that hunger…