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Tag: debt

Crypto firm Alameda Research cuts out banks to use DeFi for new funds

Alameda Research, one of the biggest crypto market trading firms, is sidestepping banks to borrow up to $1bn of new money from peers as it seeks to expand its activities, in the first syndicated debt deal in decentralised finance markets.The computer driven trading firm which specialises in buying and selling digital assets is owned by one of the richest men in crypto, Sam Bankman-Fried, the founder and chief executive of exchange FTX. On Thursday, Alameda will tap into a pool of stablecoin funds deposited by five investors for a $25m syndicated loan, which will take place on a…

This Company Wants To Turn Your Mortgage Into An NFT

The hottest NFT on the market may not be an ape or sport’s highlight—but your mortgage. 
Indeed, mortgage lender LoanSnap recently announced they had minted the first NFT mortgages in existence, using their Bacon Protocol to wrap seven mortgage liens into tokens collectively worth $1.5 million.

The benefits of such tokens, according to LoanSnap, are lower mortgage rates, faster loan approvals, and greater flexibility around repayment terms. The explanation being that as the blockchain can permanently record information like applicant credit score, debt-to-income ratio, and home…

Marathon Will Offer $500M In Debt To Purchase Bitcoin Mining Equipment

Bitcoin mining company Marathon Digital Holding will expand its operations. The company announced that it will acquire debt for “general corporate purposes”, according to a press release, which includes the purchase of BTC mining equipment.
Related Reading | Marathon Splashes $120 Million On Bitcoin Miners From Bitmain
Marathon will issue $500 million in convertible senior notes set to be expired in 2026 in a private offering. Only qualified institutional investors will be able to participate in the offering, per the release. Early investors will have the…

New DeFi swaps could transform conventional finance

Photo: iStock

Photo: iStock

Interest-rate swaps are foundational to the financial markets. Banks are central to originating them and trading them. When a borrower raises floating rate debt from a lender and wants to fix its liability cost, it finds another contracted counterparty, usually a bank, that pays floating and receives fixed while the borrower takes the opposite side, right?Well, perhaps not for much longer.In November, a new decentralized finance (DeFi) protocol, Pairwyse,…

RealEx DAO Is Offering Crypto Real Estate Steadycoin Grants to Anyone Currently Enrolled in…

(British Virgin Islands) November 11, 2021 – RealEx, the first real estate-backed cryptocurrency, has announced plans to provide some relief to the 60 million people worldwide struggling under the burden of more than $2.0TN USD in student debt.
“The social mission of the RealEx DAO (decentralized autonomous organization) is to help millions of people transform student debt into financial independence by awarding them RealEx steadycoins,” explained DAO cofounder Chelsea Snyder.
The RealEx steadycoin is a token backed by inflation-resistant assets (not fiat…

DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction

Decentralized finance protocol Acala announced Monday that they have raised 8.5 million DOT (worth $451.8 million at time of publication) from over 53,000 participants. The protocol is also set to win the first parachain auction on Polkadot.Unlike typical crowdfunding rounds, Acala’s financing mechanism is a crowdloan, which means it will eventually need to pay back the “crypto debt” it has solicited from investors.On Friday, Polkadot developers added the first parachain onto its network. Parachains are custom, project-specific blockchains that can be integrated into the main blockchain….

America in 1930 vs. 2021 – Twelve major differences

1. Debt – Before 1930 – Nominal Debt: $17 Billion. Debt to GDP Ratio: 16%. Today: Nominal Debt: $23 Trillion. Debt to GDP Ratio: 106%.

2. World War 2 – Before 1930 – There was World War 1. 1945 with a nuclear bomb, the US was christened the winner of WW2.

3. Global Reserve Currency – Before 1930 – U.S. Dollar was not the global reserve currency. Then, in the 1944 Bretton Woods Agreement made it the global reserve currency (backed by gold). August 1971, the United States unilaterally terminated convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end, and rendering the dollar a fiat currency.

4. Social Security – Before 1930 – There was no Social Security in America.… Read more...

Webtel.mobi Describes Why the High Debt of G7 Countries is a Likely Barrier to Global CBDC and Digital Currency Adoption

For CBDCs or Digital Currencies to function globally, a Global Clearing System must first be set up. This will require agreement, co-operation and information sharing between governments. Webtel.mobi describes why high debt loads of countries make this unlikelyEasy Credit in large quantities has resulted in enormous National DebtsEasy availability of credit in some economies has led to wide debt and economic disparities between groups of countries. This has resulted in the divergence of…

Remember CBDCs are still DEBT !

The fallacy we live in is that we believe that debt based fiat currency has any value beyond the government’s promise to take it in as taxes. Otherwise, there is no other promise and anyone not required to pay US or EUR tax can just as easily transact in something else. Those holding fiat debt instruments are waking up to this.

Unlike private digital currencies like Bitcoin, the CBDCs would be a central bank liability, and would complement the current offering of cash and wholesale central bank deposits. Its value would therefore not be volatile because it would be backed by the central bank.

The interesting thing about gold is that it is no one else’s liability. It simply is, and has been a marker of wealth for millennia.… Read more...

French central bank pilots blockchain-based CBDC for debt market By Cointelegraph

The central bank of France continues actively exploring a central bank digital currency (CBDC), completing a significant trial of a blockchain-based CBDC in the country’s debt market.
Over 500 institutions in France have participated in a 10-month experiment testing a CBDC issued by Banque de France for government bond deals, the Financial Times reported on Tuesday.Continue Reading on Coin Telegraph
Disclaimer: Fusion Media would like to remind you that the data contained in this…

DeFi Startup Notional Expands Fixed-Rate Lending Presence With V2 Upgrade

Fixed-rate cryptocurrency lending startup Notional is growing its decentralized finance (DeFi) presence with the launch of its V2 upgrade, the company announced Monday.The company, which offers fixed-rate debt using an on-chain automated market maker (AMM), said the new iteration of its platform has improved security and liquidity, following a $10 million Series A funding round in April led by Pantera Capital.The protocol currently offers fixed-rate borrowing of USD coin (USDC) and DAI for…

French central bank pilots blockchain-based CBDC for debt market

The central bank of France continues actively exploring a central bank digital currency (CBDC), completing a significant trial of a blockchain-based CBDC in the country’s debt market.Over 500 institutions in France have participated in a 10-month experiment testing a CBDC issued by Banque de France for government bond deals, the Financial Times reported on Tuesday.The CBDC trial was led by Belgium-based financial services firm Euroclear and used a system developed by American technology…

Reserva Fraccionaria y Bancos Centrales

Todos los billetes de dólar que circulan por Estados Unidos son billetes de la Reserva Federal (“Federal Reserve Note”). Ésta los emite como letras de cambio y pide a la Fábrica de Moneda estadounidense que los imprima, pagándole 4 centavos por cada billete.

La Reserva Federal (que es una entidad privada, aunque eso es tema para otro día) presta dinero al gobierno de Estados Unidos comprando bonos del tesoro. Y monetiza la deuda prestando el dinero que debe el gobierno a otros bancos.

Este arreglo se inventó por el Banco de Inglaterra. La diferencia es que mientras el Banco Inglaterra prestaba el oro al rey a cambio de un pagaré, la Reserva Federal simplemente otorga existencia al dinero diciendo que está ahí.… Read more...

Central Bank of France Tests Blockchain-Backed CBDC

As the adoption of digital assets is becoming more mainstream, some countries are awakening to join the flow. This has borne the desire to get a central bank digital currency, CBDC, by some countries. One of such countries is France. For some months, the Central Bank of France has explored a central bank digital currency (CBDC). Recently, the apex bank is rounding off a remarkable trial of a CBDC based on blockchain within the country’s debt market.
According to the reports, there has…

Living orbs of light

In the still of the Tennessee night, my colleagues and I are watching thousands of dim little orbs of light, moving peacefully in the forest around us. We try to guess where the next flash will appear, but the movements seem erratic, even ephemeral.

This summer, as we set up our cameras and tents, I feel a crippling sense of dread. I had brought us all up here to the Great Smoky Mountains National Park, an unlikely group of computer scientists and physicists from my lab, in order to chase fireflies. We study firefly communication in hopes of unravelling the mystery of how and why they blink in unison with one another. This rare phenomenon is one of the most tantalising mysteries in complex systems science. If we could capture firefly synchronisation in an algorithm, it might help crack any number of riddles in cellular biology, animal communication and even swarm robotics.

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Free Guy: Why video game AI will always be stupid – BBC Science Focus Magazine

A non-player character, or NPC, is any character in a video game who is not directly controlled by you, the player. It’s the zombie you shoot in the face in The Last of Us. It’s the innocent bystander you hit while speeding in Grand Theft Auto V. It’s the capitalist racoon who enslaves you into a lifetime of debt in Animal Crossing.

They are often characterised by a lack of agency and depth: a result of them being restricted by a set of pre-determined choices and algorithms. But artificial intelligence is getting smarter – and NPCs are too.

New movie Free Guy takes this to its most extreme conclusion, positing a scenario in which an NPC (played by Ryan Reynolds) gains self-awareness in a huge Grand Theft Auto-style video game.

Read more...

Pining for a De-Googled Smartphone

Last summer in the first swings of the global pandemic, sitting at home finally able to tackle some of my electronics projects now that I wasn’t wasting three hours a day commuting to a cubicle farm, I found myself ordering a new smartphone. Not the latest Samsung or Apple offering with their boring, predictable UIs, though. This was the Linux-only PinePhone, which lacks the standard Android interface plastered over an otherwise deeply hidden Linux kernel.

As a bit of a digital privacy nut, the lack of Google software on this phone seemed intriguing as well, and although there were plenty of warnings that this was a phone still in its development stages it seemed like I might be able to overcome any obstacles and actually use the device for daily use.

Read more...

The Afghanistan Fiasco (and Today’s High Level of Conflict) Reflect an Energy Problem

There is a saying, “Everything happens for a reason.” The fiasco in Afghanistan is no exception to this rule. Even though it is not obvious, the United States is up against energy limits. It needed to pull back from Afghanistan to try to have enough energy to continue in its other roles, such as providing benefits for its growing army of retirees, and building infrastructure to mitigate the COVID-19 downturn.

The fundamental problem is that governments can add debt and other indirect promises of resources that create goods and services, but they cannot actually create the low-cost energy, water and mineral resources needed to fulfill those promises.

The way energy limits play out is not at all intuitive. Most people assume that we will run out of oil, leading to a spike in oil prices.… Read more...

MLOPs And Machine Learning RoadMap

By Ben Rogojan, Data Science and Data Engineering Solutions Architect



Image Created By Author — PDF Source Here

Whenever I look to learn a new topic, I create some form of learning plan. There is so much content out there that it can be difficult to approach learning in the modern era.

It’s almost comical. We have so much access to knowledge that many of us struggle to learn because we don’t know where to go.

This is why I put together roadmaps and learning plans.

Below is my MLOps learning plan that I will be taking on for the next few months.

The focus will be on first taking a quick refresher in ML as well as taking an advanced Kubernetes course.

From there I will be focused on Kubeflow, Azure ML, and DataRobot.

Background Of MLOps

 
 
In 2014 a group of Google researchers put out a paper titled Machine Learning: The High-Interest Credit Card of Technical Debt. 

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How AI is Modernizing the Collections Process

Debt levels are rising and borrowers are increasingly unable to pay off the debts. The Covid-19 pandemic has not helped and there is a high risk of delinquency when it comes to types of credit, from business loans to mortgages. Traditional strategies are no longer enough to collect debts and improve receivables.

During the last decade or so, AI and machine learning are disrupting debt collection. Companies are using advanced analytics, machine learning and behavioral science to fully automate their debt collection strategies. According to stats, the share of AI in FinTech alone is expected to reach about $35.4 billion in value by 2025.

Historical debt collection

Historically, debt collection has been reactive. Lenders try to recoup their losses after a borrower becomes delinquent.

Read more...

Student Loans: a Subprime Time-bomb for the US Government?

Contributed by Spencer James Stebbins. He takes the NYC Data Science Academy 12 week full time Data Science Bootcamp program from July 5th to September 22nd, 2016. This post is based on their first class project – the Exploratory Data Analysis Visualization Project, due on the 2nd week of the program. You can find the original article here.

There is overwhelming concern among politicians, professionals, and students that the current student loan market may be the next soaring hot air ballon primed to run out of gas and collapse. For students facing rising tuition costs, increased competition among peers, and a still uncertain job market, they are concerned about whether they will have the ability to pay off the increasing amount of debt they have taken on in order to pursue an education believed necessary to stay competitive.… Read more...

Rituals create community by translating our love into action

Love is most commonly taken as a kind of sentiment, a natural and spontaneous given that is realised in its purest form through intense feeling. Whether it is shared between lovers, family members, friends or more distant relations, it is the sentiment of love, more than its other possible dimensions, that has grabbed most of the attention. And so, when we give tangible form to these feelings through words, gestures or gifts, we tend to regard them as ‘tokens’ of our regard and appreciation – mere trifles that represent the true event, which is the sentiment that lies deep in our hearts. Such an idea persists in our everyday locutions and in the mythologies that drive modern society, shaping our values and the way we go about living our lives.… Read more...

To Be Sustainable, Green Energy Must Generate Adequate Taxable Revenue

What allows any type of energy to be sustainable? I would argue that one of the requirements for sustainability is adequate production of taxable revenue. Company managements depend upon taxable revenue for many purposes, including funding new investments and paying dividends to shareholders. Governments depend upon taxable income to collect enough taxes to provide infrastructure and programs for their growing populations.

Taxable income is a major way that “net energy” is transferred to future investment and to the rest of the economy. If this form of net energy is too low, governments will collapse from lack of funding. Energy production will fall from lack of reinvestment. This profitability needs to come from the characteristics of the energy products, allowing more goods and services to be produced efficiently.… Read more...

Twitch Turns 10, and the Creator Economy Is in Its Debt

When Twitch launched, the digital patronage model was just entering the mainstream. It preceded Patreon and OnlyFans by two and five years, respectively. Cam sites like LiveJasmin were already attracting 32 million visitors a month back then. The major difference with Twitch was its patron-to-beneficiary ratio. In 2012, Twitch hosted 2,200 average concurrent livestreams to 102,000 average concurrent viewers—or, to put it another way, that’s 46 times as many concurrent viewers as channels. Since then, that ratio has shrunk to 25 times as many viewers as live channels in 2021. (Recently,…