Bybit harnessing the brainpower of AI chatbot LeapRate

LeapRate Analyst

With over a decade’s experience as a finance writer, Elizabeth Anderson applies her knowledge and experience to keep a finger on the pulse of global trends. Specialising in forex, cryptocurrencies, and stocks, Elizabeth follows the movements that impact the world of trading.

September 05, 2023 BY Elizabeth Anderson

Bybit harnessing the brainpower of AI chatbot

Through the integration of these AI abilities, TradeGPT uses real-time market data to perform analyses, make movement predictions, and answer technical questions. The Dubai-based cryptocurrency exchange is not the only one that employs ChatGPT for market insights. Crypto.com has its own AI user assistant, Amy, launched in May 2023. Binance, arguably the world’s foremost crypto…

September 05, 2023 BY Elizabeth Anderson

Another top executive resigns from Binance

A Binance spokesperson confirmed the report to Reuters. Among others, the company also had to bid farewell to its Chief Strategy Officer, Patrick Hillmann, and General Counsel, Hon Ng, during this year. These resignations raise industry eyebrows as they follow scrutiny by authorities, including the U.S. Securities and Exchange Commission (SEC) and the Australian Securities…

September 04, 2023 BY Elizabeth Anderson

Inflation spikes haunt U.K and eurozone in September

In the U.S., however, initial data for the Federal Reserve showed a 3.8% spike in unemployment, with 110,000 fewer jobs created in August in comparison to June and July, despite the U.S. boasting increased job growth and market economy. Alongside Hunt’s announcement, the inflation rate in the eurozone remained at a steady 5.3% average for…

September 04, 2023 BY Elizabeth Anderson

Tech giants on board with investment in Arm IPO

This is stirring up a lot of interest in the intended IPO of the SoftBank-owned Arm, which is aiming for a valuation between $50bn and $55bn. Reports indicate this chip designer plans to price shares between $47 and $51 each when it launches on the market. Considering these figures, Arm will land an offering between…

September 04, 2023 BY Elizabeth Anderson

SEC sees legal action from 6 groups over private fund rules

The new stipulations oblige private funds to submit quarterly fee and performance reports on top of annual audits. Additionally, funds must disclose specified fee structures and curb the preferential treatment of some investors, especially regarding portfolio disclosures and cash-out abilities. This industry administers around $20trn in assets. Gary Gensler, the SEC chair, stated these measures…