AI-Generated Books: Publish Fast on Amazon
Brett Schickler, a salesman from Rochester, New York, recently achieved his dream of becoming a published author with the help of ChatGPT, an artificial intelligence (AI) program. With ChatGPT, Schickler was able to create a 30-page illustrated children’s e-book in a matter of hours and offer it for sale through Amazon.com’s self-publishing unit. This AI program has made it...
Silvergate Capital: Crypto Customers Flee Amid Regulatory Threats
Silvergate Capital Corp., a core crypto sector bank, is experiencing a customer retreat due to its own disclosures. On March 1, the bank admitted that its health could be threatened by investigations from banking regulators and questioned the viability of its digital asset focused business. As a result, major customers such as Coinbase, Paxos, Circle Internet Financial and Galaxy...
FundPark Offers AI-Powered Collateral-Free Loans
FundPark, a Hong Kong-based fintech platform, is raising funds from investors to help plug the US$1.7 trillion global financing gap for small and medium enterprises (SMEs). FundPark provides SMEs with multiple financing options for working capital without collateral requirements, and can finance up to 70% of the purchase order or contract value. CEO and co-founder Anson Suen said that...
Reinventing the Economy: Harnessing the Power of Blockchain to Transform the Way We Bank and Trade
In the present digital era, where technology has been advancing and transforming the way we work, banking and financial services are also undergoing revolutionary changes. Blockchain technology offers a promising solution to do away with the need for traditional financial institutions and intermediaries by enabling faster, cheaper and transparent financial transactions. This article will explore how blockchain can bring...
Unlocking Unprecedented Security with dPoW: Using Bitcoin’s Hashpower to Fortify Blockchain Networks
The Komodo project has come up with an innovative way to enhance network security - Delayed Proof of Work (dPoW). It is based on the tried-and-true Proof of Work(PoW) consensus algorithm, but with a few tweaks and modifications. dPoW enables the developers to not only secure their own network, but also any third-party chains that integrate into their ecosystem. dPoW...
U.S. Congress Questions Crypto Accounting Policies
Two Republican lawmakers, U.S. Rep. Patrick McHenry (R-N.C.) and Sen. Cynthia Lummis (R-Wyo.), have sent a letter to several banking agencies questioning the government policies controlling how financial firms handle their accounting for cryptocurrency. The letter was in response to a controversial bulletin from the Securities and Exchange Commission that advised financial institutions to maintain customers’ crypto holdings on...
Meta Platforms Launches Generative AI Product Group
Mark Zuckerberg, CEO of Meta Platforms, has announced the formation of a new top-level product group focused on generative AI. This AI technology will be used in Meta's messaging apps WhatsApp and Messenger, as well as Instagram's visual filters for photos and videos. The goal is to develop AI personas that can help people in various ways. The new...
Unravelling the Mystery of Blockchain Technology: Unlocking the Potential Through Mining and Cryptography for Trustless and Secured Digital Transactions.
Blockchain is a digital ledger that provides an immutable record of digital transactions. It’s a decentralized system that enables each participant to maintain a copy of the blockchain data, ensuring that all members of the network are up to date. Blockchain technology was first introduced in the early 90s, when computer scientist Stuart Haber and physicist W. Scott Stornetta used...
Revolutionizing Computer Security with Public-Key Cryptography: Unlocking the Potential of Asymmetric Key Pairs for Digital Signatures, Encryption, and Blockchain Transaction Verification
The introduction of public-key cryptography (PKC) revolutionised the world of cryptography. Unlike symmetric cryptography that uses a single key, public-key cryptography employs two different keys: a public key and a private key. This form of cryptography has become essential for modern computer security and the growing cryptocurrency industry. But what is public-key cryptography and how does it work? A public-key...
Crypto Prices Plunge as Silvergate Stock Tumbles 58%
Digital assets took a hit on Friday in Hong Kong as Bitcoin (BTC) and Ether (ETH) both dropped more than 5%. The plunge came after customers fled crypto bank Silvergate, whose stock tumbled 58% during U.S. trading Thursday. Most of the other 10 largest cryptocurrencies by market cap saw similar declines. The market downturn is a reminder of the...
