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Today in Crypto: Coinbase Praises ML Site Security

Coinbase has touted its machine learning team’s ability to develop modeling techniques to find bad actors, protecting user accounts, a company blog said.

The company cites the impact machine learning has had on people, with its use spreading to many industries “from agriculture and economics, to athletics and the arts,” with work in areas such as medical diagnostics, email filters, voice recognition, etc.

Coinbase said its data, risk and security teams have partnered to develop machine learning models to buffer against damage while not impacting customer experience.

Meanwhile, Treasury Secretary Janet Yellen said a CBDC could be a solution to several financial problems, Coindesk wrote.

Speaking at the International Monetary Fund (IMF), she said it would “certainly be useful to get involved in the development” of such a fund.

“We can keep thinking about whether it’s right to implement it,” she said, adding that the United States should be able to make one.

Additionally, Daedalus Technologies has rolled out a crypto wallet that supports several new blockchains as well as existing ones, according to a press release.

The app will offer support for the new Aptos and Sui blockchains, as well as others like Solana and Ethereum. It will allow users to connect to the decentralized web and consolidate keys and assets under one roof.

Additionally, Tether has eliminated commercial paper from its reserves in favor of US Treasuries, in an effort to boost transparency, a blog post said.

By deleting all of its commercial papers, Tether has shown its commitment to backing its tokens with the most secure reserves in the market.

Finally, Voyager Digital’s creditors don’t like plans to grant directors and officers of the crypto lender immunity from lawsuits over Voyager’s bankruptcy, a Bloomberg report noted.

Lawyers for Voyager’s unsecured creditors say the company’s sale to crypto-exchange giant FTX is likely to be conditional on Voyager’s top executives obtaining “broad releases” from lawsuits, protecting those responsible for the company’s money problems.

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