XRP surges after Ripple ‘victory,’ Trump Jr. crypto platform plans, and more: Hodler’s Digest, Aug. 4-10

The launch date of China's long-awaited digital yuan remains a secret, creating space for potential fraud. With the official release date of digital yuan being kept in the dark, third-party actors have stepped in to impersonate the digital yuan officials, hoping to attract gullible investors.A recent press statement issued by a company called Yuan Pay…

Artificial Intelligence (AI) is transforming the financial sector, revolutionizing how banks, financial institutions and investors operate. Here are nine examples of AI in finance, and how they are changing the industry:Fraud detectionAI algorithms can analyze transactions in real time, detect anomalies and patterns that may indicate fraudulent activities, and alert banks to take appropriate actions. An…

The state of New York became the first one in the United States to impose a moratorium on proof-of-work (PoW) mining, albeit only for two years. Last week, New York governor Kathy Hochul signed the moratorium into a bill, prohibiting any new mining operations that aren’t based on 100% renewable energy. The renewal of licenses…

Liquidators of defunct New Zealand cryptocurrency exchange Cryptopia have applied to secure user data stored in the United States as part of refund proceedings, a statement confirmed on May 27.Cryptopia, which suffered a hack in January, has spent months cooperating with law enforcement worldwide in an effort to control stolen funds worth around $16 million.The…

Twitter's new owner, Elon Musk, appears to support the idea after vowing to cut down on the social media network's spam problem. 875 Total views 46 Total shares On Sunday, American entrepreneur Marc Andreessen posted a screenshot of what appears to be a Twitter user impersonating his name to promote a "free crypto" giveaway. "What…

United States-based blockchain intelligence firm Chainalysis has raised a further $6 million from two major Japanese investors, the company confirmed in a blog post on April 16.Chainalysis, which secured $30 million at the start of its Series B round in February, has hinted it will target the Japanese market in the future as it aims…

1. What are vertical and horizontal scaling? Vertical scaling entails the expansion of a network by adding more power and memory to a system’s core processing unit, whereas horizontal scaling involves the addition of more nodes (i.e., machines) to the framework of an existing system. When dealing with the subject of scalability, it is important…

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