Firm calls report by Bloomberg “factually inaccurate and highly misleading.” Source
BC Technology Denies Report of $128M Crypto Exchange Sale
Tag: Report
Pension funds could use AI to cut costs, increase returns, says report
Artificial intelligence (AI) could be used by pension funds to cut costs, increase investment returns, and highlight possible risks, but there are still “significant challenges to overcome” with its use, said the Mercer CFA Institute global pension report. On Oct. 17, the annual joint report from the consulting firm and investment professional association marked AI as useful for helping pension fund managers trawl through massive amounts of data that could highlight opportunities and build custom investment portfolios. “AI will affect the operations of pension systems around the world,” lead author…
Bitcoin Jumps to $30K, Then Dumps, as False Spot ETF Approval Report Circulates
More than $80 million in derivatives positions have been liquidated in the past hour as bitcoin (BTC) surged from $27,900 to $30,000 following an unverified about a spot ETF approval. Source
Scammers prefer banking customers over crypto investors in Ireland: Report
Fraudsters in Ireland prefer targeting traditional banking customers instead of cryptocurrency investors amid a two-year-long bear market. The frequency of cryptocurrency scams is often directly proportional to the hype and profits around the ecosystem at a given time. It appears that the ongoing crypto bear market has helped eradicate at least some of the bad actors, including scams and businesses, while it has largely retained serious investors who believe in due diligence. The resultant difficulty in targeting crypto investors has led scammers in Ireland to focus on banking customers. According…
Latin America takes global lead in preference for centralized exchanges: Report
According to a recent report from blockchain analytics firm Chainalysis, Latin America has a distinct inclination toward centralized exchanges when compared to the rest of the world, as opposed to decentralized exchanges. Published on October 11, Chainalysis stated that Latin America has the seventh-largest crypto economy in the world, trailing closely behind the Middle East and North America (MENA), Eastern Asia, and Eastern Europe. However, it notes that crypto users in Latin America strongly favor using centralized exchanges: Latin America shows the highest preference for centralized exchanges of any region we…
US authorities monitor China-linked Bitcoin miners amid national security concerns: Report
Officials within the United States government were reportedly keeping tabs on certain cryptocurrency mining operations with ties to China. According to an Oct. 13 report from The New York Times, many Bitcoin (BTC) data centers based in the U.S. can be traced directly to the Chinese government, raising concerns over operations in close proximity to military bases and other areas connected to national security. One of the sites reportedly being monitored by authorities was a mining operation in Wyoming near a Microsoft data center that supported some of the Pentagon’s…
Blockchain gaming sees $2.3B in investments year-to-date: Report
Blockchain gaming projects have seen $2.3 billion in investments in 2023, with the third quarter getting $600 million despite crypto market prices seemingly being in a bearish mood all year. According to a report from the decentralized applications (DApp) tracking platform DappRadar, the first quarter of 2023 netted $739 million in investments, while the second and third quarters saw $973 million and $600 million, respectively. This shows that the blockchain gaming sector attracted a total of $2.3 billion in investments in the first three quarters of 2023. Investments in blockchain…
JPMorgan Chase Exceeds Expectations in Earnings Report for Q3 2023
JPMorgan figures for Q3 2023 exceeded expectations like it did in Q2. However, figures like revenue and EPS were higher last quarter. JPMorgan Chase (NYSE: JPM) has published an earnings report for the year’s third quarter. The reported figures show that JPMorgan scaled analysts expectations for profit in Q3 2023. JPMorgan Q3 2023 JPMorgan reported earnings per share (EPS) at $4.33 for the quarter, higher than the estimated $3.86. The bank also said its profit jumped to $13.15 billion, 35% higher than figures reported the year before. Company revenue also hit…
US Space Force pauses use of ChatGPT-like tools due to security fears: Report
The United States Space Force has temporarily banned its staff from using generative artificial tools while on duty to protect government data, according to reports. Space Force members were informed that they “are not authorized” to web-based generative AI tools — to create text, images, and other media — unless specifically approved, according to an Oct. 12 report by Bloomberg, citing a memorandum addressed to the Guardian Workforce (Space Force members) on Sept. 29. “Generative AI “will undoubtedly revolutionize our workforce and enhance Guardian’s ability to operate at speed,” Lisa…
9 out of 10 Leading Exchanges Report September’s Slump
Despite historically low returns in September, Bitcoin (BTC) ended the past month exceptionally well. Unfortunately, the same cannot be said for major centralized cryptocurrency exchanges whose spot trading volumes have declined for another consecutive month. According to data gathered by Finance Magnates Intelligence, the total turnover for the TOP 10 exchanges shrank by nearly $90 billion, or 25%. The decline was even more severe on a yearly scale, amounting to 68%. So far, it was the worst month in terms of volumes since the beginning of 2023. The total volume…