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Published in B&T Latest News 28 March, 2024 by The bizandtech.net Newswire Staff

Google now allows wallet address searches for Bitcoin, Fantom, Arbitrum and others

Google search results display the remaining token balance in the wallet per network and the time the balance was last updated.

Published in B&T Latest News 28 March, 2024 by The bizandtech.net Newswire Staff

Maximizing Your Online Business Profits with Reward Credit Cards

Imagine turning every dollar spent on your online business into greater profitability. That’s the allure of mastering reward credit cards. With the right approach, your everyday expenses can morph into l rewards—cash back, travel perks, and more—maximizing profits with minimal fuss. According to Intuit QuickBooks’s Small Business Index Annual 2023 report, 30% of American business owners […]

Published in B&T Latest News 28 March, 2024 by The bizandtech.net Newswire Staff

Bitcoin accumulation hits decade high among ‘Shark’ cohort

Quick Take

The digital asset market is witnessing an accelerated phase of Bitcoin (BTC) accumulation across two distinct cohorts: Shrimps and Sharks.

The “Shrimp cohort” refers to retail investors holding less than one Bitcoin who have traditionally increased their holdings steadily.

Currently, this group is exhibiting its most assertive accumulation since November 2023, expanding its collective BTC holdings by 16,769 BTC over the last 30 days — totaling approximately 1.37 million BTC, according to Glassnode data.

 Glassnode)Shrimp Net Position Change: (Source: Glassnode)

On the other hand, the “Shark” cohort comprises higher-net-worth individuals, trading desks, and institutional entities holding between 100 and 1,000 BTC.

This group has shown remarkable accumulation, with their total balance witnessing a 30-day net position change of 268,441 BTC, the largest increase since 2012. Collectively, the Shark cohort now holds 3.5 million Bitcoin, according to Glassnode data.

 Glassnode)Shark Net Position Change (Entities 100 to 1k Bitcoin): (Source: Glassnode)

Notably, CryptoSlate reported that all cohorts on aggregate are currently accumulating more Bitcoin than the monthly issuance over the past 30 days, signaling a broad-based bullish sentiment in the market.

The post Bitcoin accumulation hits decade high among ‘Shark’ cohort appeared first on CryptoSlate.

Published in B&T Latest News 28 March, 2024 by The bizandtech.net Newswire Staff

How to watch ‘CBeebies Bedtime Stories’ with Jack Black online and from anywhere

The Hollywood A-lister kickstarts Easter with a bedtime story about Pom Pom the panda. Here’s how to watch “CBeebies Bedtime Stories” with Jack Black online and from anywhere.

Published in B&T Latest News 28 March, 2024 by The bizandtech.net Newswire Staff

Optimism (OP) Flashes Buy Signal: Is a 26% Price Rally Likely?

Optimism (OP) price is prime for the picking since the broader market cues and investors’ behavior are signaling a buy signal.

The question remains: will OP generate more profits than it has since the beginning of the year, or will it be stopped mid-way?

Optimism Among Investors Is High

Although the beginning of the month was bleak for Optimism price, the altcoin found its footing in the last few days. This was the result of an increase in participation from OP holders. This is evident from the surge in active addresses, which has grown by over 30% in the last 24 hours.

Optimism Active Addresses. Optimism Active Addresses. Source: IntoTheBlock

Along with the increased activity of investors on the network and the decline in price, Optimism is exhibiting a buy signal. According to the price daily active addresses (DAA) divergence, OP is a good asset to accumulate at the moment.

Read More: What Is Optimism?

Price-Daily Active Addresses (DAA) Divergence occurs when a cryptocurrency’s price and the number of daily active addresses show contrasting trends, indicating potential discrepancies between market valuation and actual network usage or adoption. When the price goes down and participation increases, a buy signal is flashed, and vice versa.

Optimism Price DAA Divergence. Optimism Price DAA Divergence. Source: Santiment

Thus, if Optimism holders move to add OP to their wallets, the price could see a surge.

OP Price Prediction: Profits on the Way

Optimism’s price is presently trading at $3.72 after failing to breach the resistance marked at $3.99. Crossing this barrier would enable OP to reclaim $4.00 as a support floor, which will enable a rise towards $4.69, marking a new year-to-date high as well as a 26% rally.

Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicate potential bullishness. RSI measures price momentum, indicating overbought or oversold conditions. MACD, on the other hand, is a trend-following indicator showing the relationship between two moving averages, signaling potential buy/sell opportunities.

OP/USDT 1-day chart. OP/USDT 1-day chart. Source: TradingView

At the moment, both indicators are at the cusp of a bullish reversal, which would support the anticipated 26% rally.

Read More: Optimism vs. Arbitrum: Ethereum Layer-2 Rollups Compared

However, should OP fail to breach $4.00, Optimism’s price could note a decline of $3.42 losing, which would push the altcoin below $3.00, invalidating the bullish thesis.

The post Optimism (OP) Flashes Buy Signal: Is a 26% Price Rally Likely? appeared first on BeInCrypto.

Published in B&T Latest News 28 March, 2024 by The bizandtech.net Newswire Staff

Maximizing Productivity and Health: The Benefits of Organic Meal Prep Kits for Entrepreneurs

Ever found yourself staring into the abyss of your fridge, wondering what to cook after a long day’s work? You’re not alone. It’s a common scene for busy professionals. Enter organic flexible prepped meals delivery service: the modern solution to our culinary woes. They’re not just meals, they’re a lifestyle adjustment, promising health, convenience, and a […]

Published in B&T Latest News 28 March, 2024 by The bizandtech.net Newswire Staff

Court rules in favor of Apple in class action over crypto payment policies

A California judge dismissed a class action lawsuit against Apple that accused the tech giant of imposing restrictions on third-party crypto payments on March 26.

District Judge Vince Chhabria said the complaint contained “several fatal problems,” including inadequately alleged agreements between Apple and other payment services.

He expressed doubts that the agreements restricted decentralized crypto transactions as alleged, asserting it is not clear that such an agreement would be unlawful under the Sherman Antitrust Act.

Meanwhile, the allegations of antitrust standing were found to be inadequate because any links between Apple’s alleged anticompetitive behavior and alleged injury were speculative. The plaintiffs claimed they paid overinflated fees to certain third-party apps because of Apple’s agreements.

Furthermore, the case had problems with its relevant market definition because Zelle — a payment app mentioned by the plaintiffs — was excluded from the definition.

The judge observed other issues and said an amendment to the case was unlikely to change the outcome of the lawsuit. However, the court has given plaintiffs 21 days to amend the case.

The case will be dismissed without prejudice if the plaintiffs fail to make amendments by the deadline.

Centralization vs. decentralization

Initially filed in November 2023, the lawsuit alleged that PayPal‘s Venmo, Google Pay, Cash App, and Apple Cash all agreed to Apple’s store guidelines, thereby agreeing to terms preventing each app from supporting decentralized crypto transactions.

Apple asked for the class action lawsuit to be dismissed in February. That request made most of the same points confirmed in the judge’s current dismissal.

Aside from their broader legal arguments, Apple’s defense asserted that the plaintiffs’ claims were factually incorrect, writing:

“There are apps in the App Store that facilitate decentralized [crypto] transactions.”

The defense added that a particular rule, App Store Guideline 3.1.5, requires third-party apps to handle transactions through an approved exchange and “does not apply to, much less categorically prohibit” apps that offer decentralized crypto transactions.

Plaintiffs initially argued that the same section undermines decentralization by requiring the involvement of intermediary exchanges.

The post Court rules in favor of Apple in class action over crypto payment policies appeared first on CryptoSlate.

Published in B&T Latest News 28 March, 2024 by The bizandtech.net Newswire Staff

White House Wants Chief AI Officers to Keep Federal AI Use Responsible

The White House unveiled a groundbreaking policy on Thursday (March 28) that requires federal agencies to identify and mitigate the potential risks of artificial intelligence (AI), emphasizing the government’s commitment to the responsible deployment of AI technologies.

Under the new rules, each federal agency must designate a chief AI officer within 60 days. This officer will be responsible for coordinating AI implementation and ensuring compliance with the policy.

Agencies must also create detailed and publicly accessible inventories of their AI systems. These inventories will highlight use cases that could potentially impact safety or civil rights, such as AI-powered healthcare or law enforcement decision-making.

This policy builds upon President Joe Biden’s October executive order on AI, which outlined broad measures to promote safe and responsible AI development across sectors. 

“When government agencies use AI tools, we will now require them to verify that those tools do not endanger the rights and safety of the American people,” Vice President Kamala Harris said on a call announcing the new measures. 

By December, agencies must implement safeguards for AI applications that could affect Americans’ rights or safety. The provisions include providing clear opt-out options for technologies like facial recognition and ensuring transparency around how AI systems reach their conclusions. Agencies unable to implement these safeguards must either cease using the relevant AI systems or obtain special justification from senior leadership.

Biometrics Under the Microscope

One focus of the new policy is an attempt to mitigate algorithmic discrimination, flaws in computer systems that result in inequality, and discrimination based on legally protected traits, like race and gender. The Office of Management and Budget (OMB) will require federal agencies to actively assess, test, and monitor potential harms caused by AI systems to ensure these systems do not perpetuate biases against specific demographics.

An example of how the new policy safeguards individuals is seen in its effects on travelers. The Transportation Security Administration (TSA) uses facial recognition technology, but it has been documented to exhibit lower accuracy rates for people with darker skin tones. The new AI policy directly addresses this concern by granting travelers the right to opt out of facial recognition scans. This opt-out option empowers individuals to choose an alternative identification verification process that doesn’t rely on potentially biased technology.

“The use of facial recognition by the TSA will certainly speed up the identification process and will bring an added layer of security to travel, but at the same time, it raises significant privacy and security concerns,” Venkat Rangapuram, CEO of Centific, a global provider of AI and data services told PYMNTS.

“What’s critical here is that the facial recognition systems be used in a way that is accurate (no false positives), transparent and accountable to the traveling public. Securing public engagement will also be essential to build trust and confidence in the use of facial recognition and other AI technologies by TSA and other federal agencies.”

The Department of Homeland Security (DHS), the parent agency of TSA, has been using facial recognition for some time, Kurt Rohloff, the co-founder and CTO of Duality Technologies, a technology startup for privacy-preserving analytics and collaboration on sensitive data, noted to PYMNTS. For instance, Customs and Border Patrol (CBP) has implemented facial recognition technologies at airports to simplify the entry process for Americans returning from international travel.

“DHS in general, and TSA in particular, have been champions in the responsible use of privacy technologies to protect citizens’ rights while maintaining security, and DHS has been at the forefront in the adoption and use of privacy technologies,” he added. 

Mohamed Lazzouni, CTO of the biometrics company Aware, emphasized that the new regulations highlight organizations’ need to thoroughly educate users on biometric authentication by providing transparent options for consent or refusal.

“In the vast majority of cases, the desire for convenience will win out, and most people will choose the biometric method,” he added. “An excellent case in point: Airports around the world have noted that by using biometrics, they can board flights in a fraction of the time it takes using standard identification documents, and passengers greatly appreciate the more rapid admission to the planes.”

Chief AI Officers Put to Test

The new federal AI policy is ambitious, but Jennifer Gill, VP of product marketing at Skyhawk Security, a cybersecurity company that specializes in AI integrations for cloud security, told PYMNTS, adding that the new rules need to be implemented correctly to be effective. 

“Tackling bias is very important, especially in the example of healthcare for our veterans,” Gill said. “The agency must continuously monitor the models to ensure the goals of healthcare stay true. The models need to be evaluated and tested daily for this use. This could be too burdensome for the government agency, but it absolutely needs to happen. The cost of using AI versus the maintenance of AI needs to be carefully scrutinized.”

One point of contention could be the provision for appointing chief AI officers for government agencies. Gill pointed out potential issues with this policy, emphasizing the necessity for uniform standards across all agencies. 

“If each chief AI officer manages and monitors the use of AI at their discretion for each agency, there will be inconsistencies, which leads to gaps, which leads to vulnerabilities,” Gill added. “These vulnerabilities in AI can be exploited for a number of nefarious uses. Any inconsistency in the management and monitoring of AI use puts the federal government as a whole at risk.”

Enforcing the Rules

Although the AI regulations appear comprehensive on paper, implementing and enforcing them might prove difficult, Lisa Donnan, a partner at the cybersecurity firm Option3, told PYMNTS. She highlighted the need for effective compliance monitoring and penalties for breaches to prevent misuse.

“However, overly stringent regulations could stifle innovation, so a balance must be struck to promote security without hindering technological advancement,” she added. 

Relying solely on internal evaluations and monitoring might create opportunities for weak AI management, Gal Ringel, co-founder and CEO of Mine, a global data privacy management firm, told PYMNTS. “While I understand the security concerns, independent third parties would be better suited for running AI-related assessments, which might necessitate the need to create a specific government agency to do just that.” 

Ringel pointed out that Utah recently enacted its own AI legislation, setting it apart from recent federal initiatives. He said the move sets a precedent, allowing each state to create its own AI regulations, just as it has with data privacy laws.

“There needs to be a federal law that oversees the private sector, and while you don’t need to take the same risk-based approach the EU and U.K. have, meaningful legislation needs to come through to promote the same principles of transparency, harm reduction, and responsible usage echoed in today’s announcement,” he added.

 

The post White House Wants Chief AI Officers to Keep Federal AI Use Responsible appeared first on PYMNTS.com.