Friday, June 9, 2023
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American Express Plans to Use AI in Validating Transactions, Approving Cards and Credit Lines

Currently, the Digital Labs arm of the company is working on utilizing LLMs for analyzing customers’ feedback and inquiries. American Express (NYSE: AXP) has joined the new wave of companies adopting AI to scale their businesses. The financial services corporation is planning to deploy AI in validating transactions and approving lines

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BTC price risks $27K loss as Bitcoin trend lines brew ‘bullish cross’

Bitcoin (BTC) headed toward $27,000 after the May 11 Wall Street open as bulls failed to show strength.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price "rolls over" after brief recoveryData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it risked a further loss of support.After a modest recovery from

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Central Banks Reduce US Dollar Swap Lines to Weekly Auctions Amid Moody’s US Banking Sector Downgrade – Economics Bitcoin News

After the tumultuous downfall of three major banks, namely Silvergate Bank, Silicon Valley Bank, and Signature Bank, several central banks made a collaborative announcement of a swift, coordinated emergency response. The intervention aimed to furnish U.S. dollar liquidity, with the intention of alleviating the impact of such severe shocks on

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Bitcoin whale support lines up as trader says $14K ‘most bearish’ BTC price target

Bitcoin (BTC) survived another night without breaking $20,000 on June 17 as $14,000 cemented itself as a likely bottom level.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader plans to go "all in" on BTC at $14,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $20,220 on Bitstamp overnight before rebounding

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US Navy to pilot blockchain-based project to improve medical supply lines

The United States military continues to explore blockchain technology to improve its processes. The U.S. Navy has signed a $1.5-million contract with Consensus Networks to develop a blockchain-enabled logistics system named HealthNet back in May. The project, built on Internet of Things-focused blockchain IoTeX, is halfway complete, counting the days

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