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Project Guacamaya leverages AI and satellite technology to protect the Amazon rainforest, monitor deforestation, and preserve biodiversity. (Read More)
IBM Research introduces new data processing techniques to expedite AI model training using CPU resources, significantly enhancing efficiency. (Read More)
Singapore-based cryptocurrency Crypto.com is reinforcing its regional presence with a Bahraini license following its approval in Dubai.
So far, at least 36 victims suffered losses amounting to nearly $2 million worth of Ether.
After proceedings in an Irish court, the local Data Protection Commission said X agreed to suspend processing the personal data of EU users to train its AI system.
The hacker responsible for the April 2024 exploit of Bahrain-based Rain Exchange has begun laundering stolen Ethereum through…
Here's what may happen to BTC's price if Russia and Ukraine declare a truce (according to ChatGPT).
The brain-computer interface has already changed lives, but its unclear how it will give people eagle vision or make their neurons fire more quickly.
The HKMA, AMRO, and ADBI held their second Financial Leadership Training Program in Hong Kong, focusing on macroeconomic stability, green finance, and fintech. (Read More)
OFAC imposes sanctions on Russian drone developer KB Vostok, linked to Ukraine invasion, disrupting Russias military supply chain. (Read More)
Controlling machines with your thoughts sounds cool, but communication is a two-way street.
The latest in a series of cases concerning copyright and AI looks at the sources Anthropic used to train its Claude large language models.
Amid recent market volatility, major cryptocurrencies like XRP have seen a wave of optimism among investors and traders as several crypto analysts continue to offer bold predictions regarding the altcoin. Even though XRP has not been able to witness a massive surge since its rally to its current all-time high in 2017, these analysts are confident that a similar move could take place in the ongoing bull cycle. Is XRP On The Brink Of Hitting A New All-Time High? In an audacious prediction, well-known crypto expert and trader, Xaif, delving into the current price action of XRP, has claimed that the crypto asset is preparing for a possible significant breakout, suggesting renewed strength for a major rally ahead. Xaif made the bold prediction after citing a bullish Symmetrical Triangle pattern on the altcoin‘s chart in the weekly timeframe. Related Reading: Can The XRP Price Cross $250? Crypto Analyst Predicts 42,000% Breakout Specifically, this pattern develops when an ascending line connecting the lows and a descending line connecting the highs converge. Also, they suggest a consolidation phase before a potential breakout on the upside or the downside. However, in this scenario, the crypto expert has identified an impending massive breakout for XRP on the upside, indicating a possible strong move for the digital asset in the upcoming days. Analyzing the magnitude of the breakout, Xaif has set his next price target for XRP at the pivotal $150 level in the next 6 months. Xaif’s prediction appears to have caused quite a frenzy in the community as crypto enthusiasts express their strong displeasure with the analyst’s bold forecast. Despite the nature of crypto assets to undergo wild price swings, these enthusiasts have criticized the analyst for his claims believed to impact the community negatively. While the community has slammed his projection, Xaif remains firm, noting that the token is a real-life utility and that the possibility of XRP handling transactions globally will catalyze this massive rally to the $150 threshold and even higher. However, Xaif, in another post, highlighted that XRP is stabilizing with a rising trendline between the $0,5650 support range and the $0.6450 resistance level. Meanwhile, a decline below $0.5650 or the trendline may indicate a negative trend, while a breakout above $0.6450 would suggest a bullish move. The Altcoin Needs To Break Through Key Resistance Levels Whether a move to the $150 level looms, XRP is poised for a bullish breakout. Another crypto analyst, Fiatleak, has forecasted a breakout for altcoin in the short term. Related Reading: Analyst Says XRP Price Will Rally 10,400% To $60, Heres When According to Fiatleak, the altcoin has been displaying strong signs of an upsurge for the past 2 days, due to growing market optimism and recent encouraging developments in the US Securities and Exchange Commission’s (SEC) legal battle with financial behemoth, Ripple. During the period, the analyst stated that the token has been fluctuating between $0.57 and $0.65, and other experts believe that if XRP can overcome significant resistance levels, it may soar to new all-time highs. Featured image from Adobe Stock, chart from Tradingview.com
The organoids only live about 100 days, then, ostensibly, the AI dies.
Join Ray Training Day on September 30, 2024, in San Francisco for a comprehensive training session on GenAI and LLMs led by Ray experts. (Read More)
A victim who claims to have lost $1.7 million said a scammer called them claiming to be from Coinbase and sent emails that looked like they came from the crypto exchange.
All user funds are safe following the network halt, according to the Bittensor team.
Cryptocurrency exchange CoinDCX, has acquired BitOasis, avirtual asset trading platform operating in the Middle East and North Africa(MENA) region. The acquisition marks CoinDCXs entry into the MENA market, signallinga strategic expansion.
Acquisition Enhances Crypto Landscape
BitOasis, known for its significant trading volumes inEmirati dirhams, represents a substantial move by CoinDCX to bolster itspresence in the region.
BitOasis recently obtained a Minimum Viable ProductOperational License issued by the Virtual Assets Regulatory Authority from theCentral Bank of Bahrain. This license permits BitOasis to function as abroker-dealer under stringent regulatory oversight, ensuring compliance withlegal frameworks.
Sumit Gupta, Co-Founder of CoinDCX, clarified that BitOasiswill operate independently under its current licenses, subject to regulatorysupervision. The acquisition is expected to enhance user experienceacross both platforms, offering a wider array of products and expanding tradingoptions.
Gupta confirmed that user accounts on BitOasis and CoinDCXwill remain separate without any migration or linkage.
CoinDCX acquires BitOasis in international expansion push https://t.co/bH7XjK2Krf
TechCrunch (@TechCrunch) July 3, 2024Staff Reduction Announcement
Last year, CoinDCXannounced a workforce reduction affecting approximately 12% of itsemployees, citing challenging macroeconomic conditions exacerbated by aprolonged downturn in the crypto market, as reported by Finance Magnates.
Similar to other exchanges like KuCoin, Luno, and Gemini,CoinDCX attributed these layoffs to factors including high inflation and what'scolloquially termed as 'crypto winter', a period of sustained low prices.
A significant addition to these challenges is the impact ofIndia's Tax Deducted at Source (TDS) regulations on cryptocurrencytransactions, implemented to collect taxes directly at the source of income.Starting July 2022, a 1% TDS applies to crypto transactions, negativelyimpacting domestic exchange volumes and revenues.
In response, CoinDCX has implemented cost optimizations,increased automation, and streamlined its product offerings as part of itslong-term business strategy.
The laid-off employees will receive a support packagecomprising severance equivalent to their full notice period plus an additionalmonth, settlement of accrued leave, and extended health insurance coverage.
This article was written by Tareq Sikder at www.financemagnates.com.
The Nigerian government has launched an annual training program for 1,000 citizens in AI and blockchain to position Nigeria ahead of global economies and foster innovation.
This week, hackers staged the second-largest crypto hack of 2024, stealing over $230 million, while other malicious actors are targeting Hamster Kombat players.
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