Tag: Report

Microsoft to form nuclear power team to support AI: Report

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Tech giant Microsoft is apparently forming a new team to advance its artificial intelligence plans by hiring a professional to develop an energy strategy based on Small Modular Reactors (SMRs) and microreactor energy. According to a job post reported by The Verge, Microsoft is looking for a principal program manager who will lead its nuclear technology efforts to support the development of AI models. “The next major wave of computing is being born, as the Microsoft Cloud turns the world’s most advanced AI models into a new computing platform,” according to…

The Most Impressive Highlights From The Cardano Development Report

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Behind the scenes, Cardano (ADA) has been actively building and introducing exciting innovations to its blockchain and ecosystem. This is evident in the latest weekly development report shared by Essential Cardano.   Cardano: Highlights From The Report One of the notable highlights from the report includes the updates being made to Cardano’s Lace wallet. This week, the team is said to have worked on a feature that allows users to choose the delegate ratio between “different stake pools, integrated portfolio persistence.” The team has also fixed issues relating to the User…

New US bill to require firms to report off-chain transactions to CFTC

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A new bill in the United States aims to require cryptocurrency service providers to report all blockchain transactions to a government repository. On Sept. 28, U.S. Representative Don Beyer introduced the “Off-Chain Digital Commodity Transaction Reporting Act,” requiring trading platforms to report all transactions to a repository registered with the Commodity Futures Trading Commission. The new legislation aims to protect cryptocurrency investors from disputes, manipulation or fraud potentially stemming from transactions occurring off-chain or transactions that take place beyond the blockchain network. Unlike on-chain transactions, off-chain crypto transactions are not instantly logged…

French police raid Nvidia offices amid antitrust investigation: Report

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Nvidia, one of the global leaders in artificial intelligence (AI) chip production headquartered in California, reportedly faced a police raid in its French offices this week. The action came as a part of a general inquiry of French antitrust authorities into the cloud computing sector.  The Wall Street Journal reported the raid on Sept. 28, although neither Nvidia nor the French enforcement agencies have officially commented on what happened. A press release on the webpage of the French antitrust agency, Autorité de la Concurrence, refers to an unannounced inspection in the graphics cards…

US-Based Crypto Exchange Kraken Continues Expansion by Pushing Into Traditional Stock Offerings: Report

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US-based crypto exchange Kraken is reportedly adding to its suite of products with the addition of traditional stock offerings. According to a new report by Bloomberg Law, sources familiar with the matter say that Kraken is planning on offering US-traded stocks and exchange-traded funds (ETFs) to its customers. This marks the first time that Kraken has ventured outside of the world crypto assets, according to the report. Initially, the crypto exchange plans to sell traditional stock offerings in the United States and the United Kingdom through Kraken Securities, a new…

Report Reveals Crypto Whale Center With Majority Of Transactions Crossing $1 Million

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A report from blockchain data analytics platform Chainalysis has revealed that the majority of crypto transactions in the United Arab Emirates (UAE) from July 2022 to June 2023 have been whale transactions, crossing over $1 million each.  Majority Of UAE Crypto Transactions Exceeds $1 million  The report from Chainalysis reveals that institutional investments accounted for the majority of cryptocurrency transactions in the UAE with over 67% from July 2022 to June 2023.  The Institutional investments in the country range from $1 million, followed by professional investments ranging from $10,000 to…

Crypto exchange Kraken plans move into US stock trading: Report

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Cryptocurrency exchange Kraken reportedly plans to offer users trading services for stocks listed in the United States and exchange-traded funds, or ETFs. According to a Sept. 27 Bloomberg report, the U.S.-based exchange planned to launch its trading services in the U.S. and United Kingdom sometime in 2024 through a division called Kraken Securities. Kraken’s expansion of investment vehicles beyond cryptocurrencies would require licensing from the Financial Industry Regulatory Authority and financial regulators in the U.K., which the exchange reportedly already holds. The reported move by the crypto exchange came roughly…

Hong Kong police recover $11M worth of assets in JPEX case: Report

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The Secretary for Security of Hong Kong, Chris Tang Ping-keung, has vowed to bring justice to people who fell victim to the JPEX crypto exchange fraud, local media has reported. In a press conference on Wednesday, Sept. 27, the security chief’s office said police are actively looking for the key operators behind the JPEX crypto exchange that orchestrated the country’s largest digital asset fraud. During the press conference, Tang Ping-keung revealed that the police had made 12 arrests in the case so far and seized more than 8 million Hong…

CIA to build its own Chat-GPT-style AI bot for investigations: Report

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According to a Bloomberg report, the CIA plans to equip its analysts with the new AI tool to better access open-source intelligence. This includes sifting through public information for leads in investigations. Agency officials said they intend to roll out the tool “soon.” Randy Nixon, the director of the division, told Bloomberg that they have gone from utilizing, “newspapers and radio, to newspapers and television, to newspapers and cable television, to basic internet, to big data, and it just keeps going.” The development comes after critics have called the current…

Binance still struggling to find banking partner in France: Report

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After losing its euro banking partner, Paysafe, Binance France has proposed that its customers immediately convert all the fiat money they hold on the exchange into crypto, according to comments from an executive to local media.  The partnership between Binance France and Paysafe expired on Sept. 25. The latter supported Binance’s French subsidiary with infrastructure for euro deposits and withdrawals via SEPA bank transfers. The end of the partnership was announced in late June, but Binance France still has not found a new partner. Related: CZ appoints Binance security team…