Coinbase has touted its machine learning team’s ability to develop modeling techniques to find bad actors, keeping users’ accounts safe, a company blog said.
The company cites the impact machine learning has had on people, with its use expanding to many industries “from agriculture and economics, to athletics and the arts,” with work in things including medical diagnostics, email filters, speech recognition and more.
Coinbase said its Data, Risk and Security teams have partnered to develop machine learning models to be a buffer against harm while also not impacting customer experiences.
Meanwhile, Treasury Secretary Janet Yellen has said a CBDC could be a solution to several financial problems, Coindesk wrote.
Speaking at the International Monetary Fund (IMF), she said it would be “certainly worth getting involved in developing” such a fund.
“We can continue to think about whether it’s right to implement,” she said, adding that the U.S. should be in a position to make one.
Furthermore, Daedalus Technologies has rolled out a crypto wallet with support for several new blockchains along with existing ones, a press release said.
The app will offer support for the new Aptos and Sui blockchains, along with others like Solana and Ethereum. It will let users connect to the decentralized web and brings keys and assets under the same roof.
In addition, Tether has eliminated commercial paper from its reserves in favor of U.S. Treasury Bills, in an effort to boost transparency, a blog said.
By cutting out all its commercial papers, Tether has shown commitment to backing its tokens with the most secure reserves on the market.
Finally, Voyager Digital creditors don’t like plans to provide the crypto lender’s directors and officers with immunity related to the lawsuits about Voyager’s bankruptcy, a Bloomberg report noted.
The company’s sale to crypto exchange giant FTX is likely to be conditioned on top executives from Voyager getting “broad releases” from lawsuits, protecting those responsible for the firm’s money problems, according to lawyers for Voyager’s unsecured creditors.
New PYMNTS Study: How Consumers Use Digital Banks
A PYMNTS survey of 2,124 US consumers shows that while two-thirds of consumers have used FinTechs for some aspect of banking services, just 9.3% call them their primary bank.
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