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Crypto Chaos

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Time Stamp: May 10, 2023 6:27 AM - Modified On: May 10, 2023 - Published By:
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Despite the second-largest bank failure in US history, the Federal Reserve continued its interest rate hike strategy last week. This caused markets to react by pricing in continued monetary tightening, pushing back their expectations of rate decreases to 2024. Some have perceived this move as necessary to combat inflation, even if it comes at the cost of breaking the banking sector. Unfortunately, this sober outlook suggests that the rest of the year may be marked by more sideways action in the markets rather than a steady recovery. Meanwhile, in the

Paribus. Trust Less.

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Time Stamp: May 3, 2023 4:35 AM - Modified On: May 3, 2023 - Published By:
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One month ago, Jerome Powell, head of the Federal Reserve in the US, announced that the banking system was sound and robust despite the collapse of several large banks. After raising rates a further 0.25%, he said, “We’re committed to learning the lessons from this episode and to work to prevent events like this from happening again.” As we prepare for another potential 0.25% rate hike on May 3rd, another major bank in the US, First Republic Bank, has collapsed. Its collapse is part of a larger trend of consolidation

The AI Model to Combat Technology Biases in the Near Future

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Time Stamp: May 2, 2023 11:41 AM - Modified On: May 3, 2023 - Published By:
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Machines are incessantly getting smarter through the use of NLP, or natural language processing; however, there’s a flipside to that as well, where the convenience of AI-powered models, be they chatbots, virtual assistants, or content creation tools, cannot be ruled out altogether. Why should one feel that way? Well, most of the AI models have a biased approach to problem solving. However, with the help of TruthGPT, the future may offer some light on the capabilities of biased AI models, despite their ability to sow social discontent, promote cultural differences, and create

Beyond the Dollar

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Time Stamp: April 27, 2023 6:34 AM - Modified On: April 27, 2023 - Published By:
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The global economy is at a crossroads with the US dollar’s future as the world reserve currency facing fresh challenges. For decades, the stability and dominance of the dollar have given the United States significant advantages in global trade, investment, and geopolitical influence. However, as emerging economies like China and India rise in prominence, their currencies are gaining traction in international transactions, challenging the dollar’s hegemony. China, in particular, has been busy over the past few months, actively promoting the Yuan and seeking to challenge US dominance in the global

Government Blockchain Association (GBA) Rates AXES.ai’s Casino Technology as a Trusted Blockchain Solution

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Time Stamp: April 21, 2023 5:55 AM - Modified On: April 21, 2023 - Published By:
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Las Vegas – AXES.ai’s land-based casino management platform became the first blockchain solution in history to be independently evaluated and rated by the Government Blockchain Association (GBA) in accordance with the Blockchain Maturity Model (BMM). “Why would a casino management system need blockchain? Because according to the US Financial Action Task Force (FATF), casinos are high-risk areas for money laundering and terrorist financing,” said Gerard Dache, GBA Executive Director. “Regulators world-wide need to have confidence that financial and compliance reports have not been falsified or altered. By writing data to

Organized Chaos

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Time Stamp: November 5, 2022 11:01 AM - Modified On: November 5, 2022 - Published By:
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This week saw another round of interest rates hikes by central banks to try and control inflation. With all the talk of a potential pivot in monetary policy, interest rates continued their parabolic rise by 75 basis points in the UK, and the US. Initially the Federal Reserve’s announcement of a 0.75% interest rate increase caused markets to jump because this was the rise they’d been expecting and had already priced in. However, in the subsequent press conference the tone was more hawkish which caused the markets to drop a

Paribus Network Update

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Time Stamp: October 28, 2022 6:28 PM - Modified On: October 28, 2022 - Published By:
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For the past few weeks our MVP has been live on the public testnet and just two weeks ago we launched our bug bounty program. Already we’ve had some amazing feedback which has helped us tweak the platform ahead of its mainnet launch. While everyone usually hates bear markets because of the devastation they inflict on portfolios, as a project the additional time and space they give has proved invaluable. Not only have we been able to continue our development in a robust, methodical way, we’ve also had the time