Month: November 2023

Mastercard launches generative AI chatbot to help you shop online

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Dynamic Yield by Mastercard, a digital personalization and artificial intelligence subsidiary of Mastercard, announced the launch of its Shopping Muse generative AI chatbot assistant for ecommerce on Nov. 30.  The AI system was revealed in a company blog post. According to Dynamic Yield, Shopping Muse is “an advanced generative AI tool that revolutionizes how consumers search for and discover products in a retailer’s digital catalog.” Shopping Muse generative artificial intelligence Generative AI systems, such as OpenAI’s ChatGPT and DALL-E, are designed to convert colloquial user commands into text, video, audio,…

How to Invest in the Original Bitcoin Commodity Called Gold

People have been investing in gold for centuries. While the idea has long since been ditched, every single piece of currency in circulation at one point would have been backed by physical gold sitting in a vault somewhere. Gold is one of those investments that has proven itself to be stable, even in the midst of an economic crisis. Many people actually liken investment in Bitcoin to an investment in gold. It isn’t hard to see why. Investing in gold isn’t going to be easy. However, it isn’t going to…

MicroStrategy Boosts Bitcoin Holdings With $590 Million Purchase, Totaling 174,530 BTC

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In a testament to its unwavering confidence in Bitcoin (BTC), MicroStrategy, one of the largest Bitcoin holding companies, has once again expanded its cryptocurrency portfolio.  The company’s former CEO, Michael Saylor, announced the acquisition of an additional 16,130 BTC, valued at approximately $593 million. This strategic move comes as Bitcoin enters a phase of accumulation above the $37,000 mark. MicroStrategy Adds To Bitcoin Stash As announced, MicroStrategy’s latest purchase was made at an average price of $36,700 per Bitcoin. With this acquisition, the company’s total Bitcoin holdings now stand at…

Bitcoin poised for flight over ATH on spot BTC ETF approval

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Mike Novogratz, Galaxy Digital CEO, opined that Bitcoin could swiftly race above its 2021 all-time high once the SEC greenlights spot BTC ETFs.  Bitcoin (BTC) proponent Mike Novogratz predicts a return to all-time highs (ATH) followed by exponential growth for crypto’s king token after the U.S. Securities and Exchange Commission (SEC) issues approvals for spot Bitcoin ETFs, a development widely expected by January 2024.  Prices are set on the margin, so that’s all new money. We will see a pretty successful shift of psychology when the government says you are…

Binance launches the world’s first crypto triparty deal

Binance introduces a pioneering triparty agreement with a banking partner, offering a secure solution for institutional investors to manage counterparty risks in the crypto market. Binance has successfully executed the world’s first cryptocurrency triparty arrangement with a banking partner, although the specific banking partner was unidentified. This significant development offers a first-in-crypto solution that mirrors traditional financial frameworks, specifically designed to cater to the needs of institutional investors. The triparty agreement allows institutional investors to store their trading collateral off-exchange, under the custody of a third-party banking partner. This innovative…

IOTA makes 40%+ move after $100M ecosystem foundation announcement

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IOTA, an open-source distributed ledger and cryptocurrency focused on the Internet of Things (IOT), saw its native IOTA token rally 43% on Nov. 29 after announcing the creation of the Iota Ecosystem DLT Foundation and its registration in Abu Dhabi, the capital of the United Arab Emirates. This makes IOTA the first DLT foundation to be regulated by the Abu Dhabi Global Market (ADGM). According to a press release from the project, the foundation will be seeded with $100 million in IOTA tokens, which will be vested over a four-year…

Solomon Islands, Soramitsu team up for Bokolo Cash CBDC proof-of-concept

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The Central Bank of Solomon Islands has launched a proof-of-concept for a central bank digital currency (CBDC) called Bokolo Cash, with Japanese blockchain Soramitsu providing support. Bokolo Cash will be worth one Solomon Islands dollar. Project participants can use it in retail settings in the island nation’s capital, Honiara, and for person-to-person transfers. Wholesale transfers between commercial banks and simulated cross-border payments and remittances will also be tested. Users will undergo “two-tier” Know Your Customer verification, according to Soramitsu. Related: Small Islands, big problems: Can Bitcoin fix this? Cointelegraph Cape…

$137 Million Moved By Long-Sleeping Whale, Market Braces For Impact

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Recently, the crypto community witnessed a notable event as a dormant Bitcoin whale, inactive for nearly four years, returned to the market. According to data from the crypto analytics platform Lookonchain, this enigmatic entity transferred 3,623 BTC, worth roughly $136.94 million, to two newly created wallets. Market Speculations And Potential Impact This mysterious investor initially accumulated their Bitcoin holdings at an average cost of $6,889 per unit from October 25, 2018, to December 31, 2019. Initially, the total investment stood at approximately $24.96 million. However, at present market conditions, this…