Machine learning has a wide range of applications in the finance, healthcare, marketing and transportation industries. It is used to analyze and process large amounts of data, make predictions, and automate decision-making processes, among other tasks. In this article, learn the five key features of machine learning that make it a powerful tool for solving a broad set of problems, from…
Under new draft EU rules, banks holding cryptocurrencies may soon be forced under law to assign the digital assets the highest possible risk rating. As per the published legal draft, banks would need to give all their crypto asset exposure a proposed risk weight of 1,250% until December 2024, meaning they will be forced to hold an equal amount of…
Ethereum started the week trading below $1,500, as it was reported that Paxos will no longer mint BUSD. This has led to a depegging of the stablecoin, and comes ahead of the upcoming U.S. inflation report, which is also adding to today’s volatility. Bitcoin edged lower on Feb. 13, as prices remain near a three-and-a-half-week low. Bitcoin Bitcoin (BTC) continued…
Singapore state-owned megabank DBS Group is planning to expand its cryptocurrency services to Hong Kong as the Chinese territory pushes to become a digital asset hub. DBS Bank plans to apply for a license to allow it to offer crypto trading services to Hong Kong customers, Bloomberg reported on Feb. 13. “We are planning to apply for a license in…
Nouns, an open-source intellectual property (IP) based around a series of Ethereum NFTs, is expanding into TV with “The Nouners,” an animated series for adults. And the series, which comes from independent creators and was initially funded through a grant from the Nouns DAO community, is sticking to its roots by selling the pilot episode through an NFT access pass.…
Smart contract blockchain Tron saw its usage surge in the last quarter of 2022, according to a new report from market intelligence firm Messari. The State of Tron report, commissioned by Tron, showed double-digit quarter-on-quarter growth across key metrics in Q4 2022. Average active daily addresses increased by 17.9%, with 1.3 million new accounts added on December 10 alone. Average…
The SEC is reportedly taking aim at the owner and issuer of the world’s third-largest stablecoin, Binance USD. Per the Wall Street Journal, the U.S. Securities and Exchange Commission plans to sue crypto brokerage firm Paxos Trust for issuing and listing the BUSD stablecoin without registering it as a security. In a press release shared with Decrypt, Paxos confirmed that…
Ark Invest, the investment house led by Cathie Wood, bought another 162,325 shares in crypto exchange Coinbase (COIN) last Friday, according to an investor email seen by Decrypt. The latest purchase, worth $9.26 million and split across the ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW)—139,105 and 23,220 shares, respectively—brings Ark’s total investment in COIN to…
Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various risks associated with digital assets. Income Tax Is Due on Profits From Crypto Trades, Bosnia Tax Officials Tell Finance Ministry The…
According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following day, that it would no longer mint BUSD and it was ending its relationship with the Binance-branded stablecoin…
