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Connected finance: How the IoT is transforming banking and payments

• by admin
• August 16, 2023

Connected finance: How the IoT is transforming banking and payments Technology is transforming nearly every aspect of our lives in today’s fast-paced world, and the financial industry is no different. The Internet of Things (IoT) has emerged as a game-changer, completely transforming how we manage our finances and conduct transactions. This article delves deeply into […]

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Bank of America’s Erica: A beginner’s guide to the AI-powered chatbot

• by admin
• August 16, 2023

Advances in artificial intelligence (AI) have exploded since 2022, spurring many industries to embrace emerging technologies to keep up with the times and enhance operational processes. The utilization of AI chatbots, in particular, has surged thanks to the overwhelming popularity of generative AI tools such as OpenAI’s ChatGPT. That said, the financial sector has been […]

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Ripple CEO slams SEC over the use of XRP report in lawsuit

• by admin
• August 14, 2023

Brad Garlinghouse stressed Ripple’s unchanged commitment to transparency but hinted that future reports might undergo some changes. NEWS Collect article Ripple CEO Brad Garlinhouse on Aug. 2 expressed his disapproval of the United States Securities and Exchange Commission for utilizing Ripple’s quarterly XRP  XRP $0.63  Markets Report, designed to enhance transparency in the cryptocurrency industry, […]

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Bitcoin ETFs to push US slice of crypto ETF trading volume to 99.5% — Analyst

• by admin
• August 14, 2023

Approval of spot Bitcoin ETFs in the United States will likely push the country’s share of crypto ETF trading volumes even higher, says a Bloomberg analyst. NEWS Collect article The United States could make up for 99.5% of the global trading volume for crypto-related exchange-traded funds — but only if spot Bitcoin ETFs are approved, […]

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What is an atomic swap, and how does it work?

• by admin
• August 13, 2023

Shailey Singh JUN 29, 2023 Understanding atomic swaps Atomic swaps remove intermediaries and centralized control, thereby making cryptocurrency exchanges more decentralized. Atomic swaps enable peer-to-peer (P2P) transactions between individuals with different cryptocurrencies on two separate blockchains, eliminating the requirement for an intermediary (such as a centralized exchange). Atomic swaps allow users to exchange digital assets as […]

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Newly discovered Bitcoin wallet loophole let hackers steal $900K — SlowMist

• by admin
• August 13, 2023

A series of attacks drained the wallets of BTC users by exploiting a faulty random seed generation algorithm. NEWS A newly discovered vulnerability in the Libbitcoin Explorer 3.x library has allowed over $900,000 to be stolen from Bitcoin users, according to a report from blockchain security firm SlowMist. The vulnerability can also affect users of Ethereum, […]

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Bitcoin price support at $30K opens the door for gains from UNI, ARB, AAVE and MKR

• by admin
• July 17, 2023

BTC price is back in its range, potentially given opportunities for UNI, ARB, AAVE and MKR to move higher. PRICE ANALYSIS Bitcoin  BTC $30,307  attempted to break away from its boring sideways price action on July 13, following Ripple’s legal victory over the United States Securities and Exchange Commission, but the enthusiasm proved to be […]

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MUFG to facilitate Japanese bank-backed stablecoins via Progmat Coin platform

• by admin
• June 4, 2023

Mitsubishi UFJ Financial Group hasn’t revealed what firms will be the first to utilize its platform; however, a handful of banks have reportedly opted for a separate stablecoin solution. NEWS Megabank Mitsubishi UFJ Financial Group (MUFG) has announced its stablecoin issuance platform “Progmat Coin” will soon be used by banks in Japan to launch Japanese […]