Month: September 2023

Nasdaq receives SEC approval for AI-based trade orders

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Nasdaq announced that the United States Securities and Exchange Commission has approved its request to operate the first exchange AI-driven order type on Sept. 8. Called the dynamic midpoint extended life order (M-ELO), the new system expands on the M-ELO automated order type by making it “dynamic,” meaning it will use artificial intelligence to update and, essentially, recalibrate itself in real-time. ⚡ Bringing AI to the capital markets: Today, @Nasdaq announced it has received @SECGov approval to launch Dynamic Midpoint Extended Life Order (M-ELO), the first artificial intelligence (AI) powered…

crypto founders who stole investors’ money

As the digital currency world expands, so does its dark side, with billions of dollars falling into the hands of hackers, scammers, and even trusted founders. The crypto industry, known for its lack of clear regulation and wild price swings, once seemed rife with potential scammers looking to steal from the unwary. While steps are being taken to provide regulatory clarity for crypto worldwide, price volatility and theft are still concerning issues. In 2022 alone, data from Chainalysis shows that bad actors made off with more than $3.8 billion in…

Apple secures rights to book on Sam Bankman-Fried for $5M: Report

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Multinational technology company Apple has reportedly paid $5 million for the rights to author Michael Lewis’ upcoming book on former FTX CEO Sam Bankman-Fried (SBF) following a bidding war. According to a Sept. 7 report from The Ankler, Apple secured the rights to the book Going Infinite: The Rise and Fall of a New Tycoon, which is set to be released on Oct. 3 — the start of SBF’s trial in New York. Lewis suggested an October publication date at the Bitcoin 2023 conference in Miami, aiming for the beginning…

Can the Recovery Hold Its Ground?

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Stellar (XLM) has experienced a robust resurgence, bouncing off a crucial support level at $0.11. Chart indicators are pointing towards a promising outlook for bullish investors, marking a significant shift in momentum since mid-August. This second rebound from the same support level underscores the formidable strength exhibited by bulls, hinting at the potential for further gains. A price analysis notes that the $0.11 support level has emerged as a steadfast defense line for XLM enthusiasts. Recent price action has illustrated that bears would need to work diligently to flip this…

Cardano Whales Sell 1.02 Billion ADA, More Pain Ahead?

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On-chain data shows the Cardano whales have sold more than a billion ADA during the past week, a sign that pain may not be over for the asset yet. Cardano Whales Have Participated In Some Distribution Recently Cardano didn’t have the best time in August, as the cryptocurrency registered a more than 18% drop. This new month of September hasn’t been any better for ADA, as the asset has only continued to struggle sideways around its lows so far. At present, the asset is trading just under the $0.26 level.…

CFTC fines Mirror Trading $1.7B for Bitcoin-related forex fraud

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The United States regulators have finally taken steps to resolve an enforcement case against the collapsed Mirror Trading International (MTI). The United States District Court for the Western District of Texas has ordered MTI to pay $1.7 billion in restitution to victims for operating a fraudulent scheme involving digital assets and forex, the Commodity Futures Trading Commission (CFTC) announced on Sept. 7. The CFTC noted that MTI and its CEO, Cornelius Steynberg, were engaged in an “international multi-level marketing scheme” which accepted nearly 30,000 Bitcoin (BTC) from at least 23,000…

B2BinPay v17 aims to transform global business transactions

B2BinPay v17 has enhanced the crypto payment experience, enabling businesses to access the growing cryptocurrency market easily. Its platform has long been renowned for facilitating global crypto transactions between merchants and enterprises, and this latest version only further strengthens that reputation. The update introduces various features to meet all users’ needs while providing several bug fixes and performance improvements. Moreover, this version builds on the existing capabilities of B2BinPay, ensuring a seamless and secure experience for every transaction. With B2BinPay v17, businesses have more tools for engaging with crypto. Support for…

AI usage on social media has potential to impact voter sentiment

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The use of artificial intelligence (AI) in social media has been targeted as a potential threat to impact or sway voter sentiment in the upcoming 2024 presidential elections in the United States.  Major tech companies and U.S. governmental entities have been actively monitoring the situation surrounding disinformation. On Sept. 7, the Microsoft Threat Analysis Center, a Microsoft research unit, published a report claiming “China-affiliated actors” are leveraging the technology. The report says these actors utilized AI-generated visual media in a “broad campaign” that heavily emphasized “politically divisive topics, such as gun violence, and…