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Can any exchange based in India be trusted?
And good luck with using them in the UK
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๐ฎ๐ณ๐ฌ๐ง UPDATE: WazirX relaunches after a $230M hack, offering zero-fee trading for 30 days.
Meanwhile, the UKโs FCA cracks down on unregistered crypto exchanges such as HTX.
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#CryptoNews: #Worldcoin Executives to Appear Before #Kenyan Parliamentary Committee Amid Growing Interest ๐ฏ๐ฏ
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#CryptoNews: Worldcoin Executives to Appear Before Kenyan Parliamentary Committee Amid Growing Interest
#Worldcoin executives are set to appear before a Kenyan parliamentary committee on September 4, following the suspension of the project's activities in the country. The committee revealed that at one point in July, 350,000 Kenyan residents had shown interest in Worldcoin, accounting for a quarter of its #global total.
According to a report by The Star, World ID sign-ups from 34 countries had reached 2.26 million by August. Despite the suspension in #Kenya, Worldcoin cited a record number of sign-ups in #Argentina as evidence of growing demand for World ID.
The Kenyan government has taken a stringent stance against #Worldcoin and its local affiliates, a position supported by a Kenyan court. The investigating committee, chaired by Narok West legislator Gabriel Tongoyo, will also hear from those who failed to #cash out their #tokens.
Tongoyo stated that Solicitor General Shadrack Mose and Data Commissioner Immaculate Kassait are also expected to testify before the committee. The appearance aims to address various issues surrounding Worldcoin's #crypto project in Kenya.
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Great news: #SEBA Hong Kong Secures Initial Approval from #SFC for Crypto Services Expansion ๐ฅ๐ฅ
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#CRYPTONEWS: SEBA Hong Kong Gets Preliminary SFC Approval for Crypto Services
SEBA Hong Kong, a SEBA #Bank subsidiary, has received in-principle approval from Hong Kong's Securities and Futures Commission (#SFC). The approval paves the way for regulated #crypto-related activities, including #securities and over-the-counter #derivatives #trading.
Backed by Swiss bank Julius Baer, SEBA Bank specializes in #digitalfinancial services. The new Hong Kong license will allow asset management in both traditional and virtual sectors.
Hong Kong is working to regain its status as a global #financial hub, with new #crypto regulations introduced in June. "We see enormous potential in Hong Kongโs journey to becoming a global crypto leader," said SEBA Hong Kong CEO Amy Yu.
Once all SFC conditions are met, SEBA Hong Kong will be among the first in the region to offer #crypto investment services. The move marks #SEBABank third jurisdiction for licensing, following Switzerland.
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AI revolutionizes cancer battle. ๐ Exciting news! Also, stay tuned for #Crypto updates & insights from #CryptoforceIndia. ๐๐ #TechNews
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#CRYPTONEWS: Google Partners with iCAD to Transform Cancer Screening with AI
@Google has entered into a partnership with medical technology leader iCAD to utilize #ArtificialIntelligence (AI) in revolutionizing cancer screening and care. The collaboration will see Google's advanced deep learning #technology integrated into iCAD's ProFound Health Suite for mammography reading.
Upon receiving regulatory approval, #Google's AI will serve as an independent reader, analyzing mammograms to detect breast cancer with unprecedented speed and precision. This comes as a response to the #global shortage of radiologists, as two are typically required to assess each mammogram.
iCAD's CEO Dana Brown believes that #Google's AI can provide a single-reader alternative, enhancing efficiency in radiology departments.
ProFound Detection, iCAD's cancer detection tool, quickly scans mammograms and identifies suspicious areas for further examination by radiologists. Studies have demonstrated its effectiveness in improving accuracy and reducing false positives. The partnership with @Google builds on a previous agreement between the two companies and an amendment signed earlier this month.
A 2020 study revealed that #Google's AI achieved an 11.5% higher accuracy score than human readers and could handle 88% of the second reader's workload while maintaining performance. The collaboration aims to extend access to vital technology for women worldwide, with iCAD also offering free cancer screening to underserved groups in specific countries.
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#CRYPTONEWS: Google Partners with iCAD to Transform Cancer Screening with AI
@Google has entered into a partnership with medical technology leader iCAD to utilize #ArtificialIntelligence (AI) in revolutionizing cancer screening and care. The collaboration will see Google's advanced deep learning #technology integrated into iCAD's ProFound Health Suite for mammography reading.
Upon receiving regulatory approval, #Google's AI will serve as an independent reader, analyzing mammograms to detect breast cancer with unprecedented speed and precision. This comes as a response to the #global shortage of radiologists, as two are typically required to assess each mammogram.
iCAD's CEO Dana Brown believes that #Google's AI can provide a single-reader alternative, enhancing efficiency in radiology departments.
ProFound Detection, iCAD's cancer detection tool, quickly scans mammograms and identifies suspicious areas for further examination by radiologists. Studies have demonstrated its effectiveness in improving accuracy and reducing false positives. The partnership with @Google builds on a previous agreement between the two companies and an amendment signed earlier this month.
A 2020 study revealed that #Google's AI achieved an 11.5% higher accuracy score than human readers and could handle 88% of the second reader's workload while maintaining performance. The collaboration aims to extend access to vital technology for women worldwide, with iCAD also offering free cancer screening to underserved groups in specific countries.
#cryptonewstoday: Over 20 Million Reddit Collectible Avatars Minted Since Launch
According to Dune Analytics, more than 20 million @Reddit Collectible Avatars have been minted since the collection's inception in 2022. Around 16.1 million unique #wallets hold these #NFTs, with over 2.2 million possessing multiple avatars.
By May 31, there were 13.9 million avatars held in about 10 million wallets. Over the past two months, more than 6 million new #NFTs have been minted, and a similar number of unique wallets have joined the community.
@Reddit's release of its Gen 4 collection on July 27 significantly increased the number of avatar holders. #Gen 3 alone generated sales transactions exceeding $3.4 million. The Reddit avatars, unlike other #NFT pieces, are sold for a fixed price and only for #fiatcurrency.
The Gen 4 collection, titled "Retro Reimagined," included several limited edition releases priced between $4.99 and $199.99 each. As of Aug. 13, the collection had recorded cumulative transaction volumes surpassing $40 million, supporting the #POLYGON ecosystem after the departure of Y00ts, its leading #NFT project, to #Ethereum.
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#cryptonewstoday: BIS Introduces Cross-Border Payments Task Force with Ripple as a Notable Participant
The Bank for International Settlements (#BIS) has announced the creation of a cross-border payments interoperability and extension (PIE) task force, with #Ripple, the #blockchain-based digital payment network, as one of its key participants. The task force's commitment is to enhance cross-border payments and achieve the quantitative goals set by the #G20 in this domain.
The #Financial Stability Board (#FSB) presented priority actions for reaching G20 targets in February 2023. These actions focus on accelerating transaction speed, reducing costs, and improving transparency, safety, and security in cross-border transactions. The FSB collaborated with the Committee on Payments and Market Infrastructures (CPMI) to develop a comprehensive roadmap, which was endorsed by #G20 Leaders in November 2020.
The report indicates that the CPMI/Payments Market practice group joint task force is expected to deliver the final version of ISO 20022 by October 2023. This is a significant step in the roadmap towards enhancing cross-border payments.
#Ripple, #Mastercard, and SWIFT are working with the BIS to enhance cross-border payment interoperability. The BIS emphasizes the need for global cooperation, with progress depending on both public and private stakeholders.
Despite #Ripple's participation in the G20 payments initiative task force, it is currently involved in a legal dispute with the US Securities and Exchange Commission (#SEC).
The #SEC has requested a review of the recent court decision classifying #XRP, a #cryptocurrency used by Ripple, as a commodity. The ongoing legal battle adds a layer of complexity to #Ripple's future, even as it plays a significant role in the global payments landscape.
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