Crypto Trading Bot Takes Out $200M Flash Loan
A crypto trading bot programmed to execute arbitrage trades made numerous complex movements within the Ethereum blockchain, including taking out a $200 million flash loan to earn a meager $3.24. On June 14, Arkham Intelligence, a blockchain analysis firm, provided a synopsis of the bot’s movements. According to the company, the transaction was carried out […]
ByBit Integrates With ChatGPT to Launch ToolsGPT
Through ByBit’s integration with ChatGPT, ToolsGPT will use the exchange’s market data with ChatGPT’s artificial intelligence (AI) to generate technical analysis, price data, trading metrics, and various new trading tools and metrics. Numerous industries have utilized OpenAI’s highly acclaimed large language model chatbot to provide innovative solutions and services. ByBit unveils its AI-powered offering to […]
A Comparative Analysis: Money Transfers in Traditional Banking vs. Cryptocurrency
Cash is dead; long live crypto. Although this proclamation is not entirely true, the changes in the financial world hail the adoption of cryptocurrency and the rising power of digital assets. As an alternative decentralized method with ways to keep inflation in check. Take Bitcoin, for example. Namely, its supply is limited and known in […]
Treasury Official Suggests CBDCs Should Have Privacy, Anonymity
US Treasury official Graham Steele at a Texas payments conference, stated that the design of a digital dollar and central bank digital currencies (CBDCs) should take privacy and the ability to conduct transactions anonymously into account. Graham Steele, assistant secretary for financial institutions at the Treasury Department, spoke at a payments-focused conference in Texas on […]
Mistral AI Raises $113M in Seed Funding
Mistral AI, an artificial intelligence startup created by ex-Meta and Google researchers, has recently raised $113M in seed funding. Former Google DeepMind and Meta AI researchers co-founded Mistral AI in May 2023 to develop open-source generative AI models. Two months after its debut, a new artificial intelligence (AI) startup and competitor to ChatGPT’s creator, OpenAI, […]