IBM’s new ‘Lightweight Engine’ could be a game changer for fintech
JP Morgan just rolled out ChatGPT to 60,000 employees, demonstrating the demand for generative AI in the financial services sector.
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Execs remain positive on long-term prospects amid VC funding downturn
As crypto prices remain at lower levels, venture capital (VC) funding also recorded one of its worst quarters since 2021. Despite this, executives in the space remain optimistic about the industry’s long-term potential. Crypto data platform RootData highlighted that the second quarter of 2023 delivered one of the worst performances in terms of crypto fundraising. Compared…
Blockchain industry shows signs of stabilizing in 2023: Report
2022 was a rollercoaster ride of ups and downs for the blockchain industry. While the year’s first quarter looked promising, the crypto industry has been on a downward trajectory ever since. While indications of a global macroeconomic slowdown increase, these headwinds hamper the blockchain industry’s potential recovery.There are some signs of stabilization in the crypto…
Chiliz Launches Crypto Exchange for Trading Sports Fan Tokens
Malta-based sports blockchain venture Chiliz is launching a cryptocurrency exchange for sports and entertainment tokens.In a press release shared with Cointelegraph on Jan. 23, Chiliz detailed that the new exchange — Chiliz.net — will roll out in February after the beginning of Fan Token Offerings for all of the Socios.com partner teams. Socios.com is a…
Binance to deactivate some deposit addresses for wallet upgrade
Cryptocurrency exchange Binance continues upgrading its wallet infrastructure, which requires affected users to get new wallet addresses. Binance cryptocurrency exchange is preparing for another upgrade of its wallet infrastructure, warning users about the upcoming address migration.On July 6, Binance officially announced that it will be retiring selected deposit addresses in batches as part of a…
Data shows derivatives had little to do with Bitcoin’s drop to $29K
After a brief recovery to $41,000 on June 14, Bitcoin (BTC) investors might have thought that the bear market was finally over. After all, it was the highest level since May 21 and the date that MicroStrategy (MSTR) announced a successful $500 million debt offering. The funds are usually available in one or two business days,…
Tesla buys BTC, Mastercard supports crypto, DOGE founder speaks out: Hodler’s Digest, Feb. 7–13
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekBitcoin hits all-time highs as Tesla invests $1.5 billionThe past week is…
Sharp Bitcoin price move expected as volatility hangs at record lows and sellers are ‘exhausted’
Bitcoin’s (BTC) lack of volatility has been the dominant discussion point among traders for the past two weeks and the current sideways trading within the $18,000 to $25,000 range has been in effect for 126 days. A majority of traders agree that a significant price move is imminent, but exactly what are they basing this…
New fix for curse of Impermanent Loss proposed on Avalanche
Avalanche-based decentralized finance (DeFi) protocol Trader Joe claims it may have found a way to mitigate one of DeFi’s biggest weaknesses — impermanent loss. In a newly released whitepaper on Aug. 23 called the JOE v2 Liquidity Book, authored by Quant developers and researchers Adam Sturges, “TraderWaWa”, “Hanzo” and software engineer “Louis MeMyself”, the developers outlined…