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Collapse of FTX could cause crypto chain reaction

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The crypto world was dealt a major blow this week as FTX, one of the largest cryptocurrency exchanges, filed for Chapter 11 bankruptcy protection.

This followed a massive sell-off of the company’s native token, FTT, which lost over 80 percent of its value.

FTX’s collapse could have far-reaching implications for the entire crypto industry, according to Ran Neuner, Host and Founder of Crypto Banter.

The Impact of FTX’s Collapse

Neuner said that the collapse of FTX could lead to a loss of trust in the crypto industry as a whole.

“There is a rumour in the industry, and I can’t confirm it because I haven’t seen the papers but it comes from a reliable source, that BlockFi… had a loan to FTX collateralized by FTT,” said Neuner. “FTT is now worth zero and FTX can’t repay the loan.”

“We’ve had a cascade of failures [in the crypto industry],” he continued. “The centralized players seem to have a systematic failure because of greed, because of over-leverage, and stuff like that.”

These speculations have caused some serious concerns about the safety of cryptocurrencies held in coin exchanges.

When asked which exchanges are safe, Neuner said, “Right now, we don’t know.”

This lack of certainty is troubling for many people who have invested their money in cryptocurrencies.

If exchanges are not safe, then there is a very real risk that people could lose their hard-earned money.

The situation is made even more worrisome by the fact that there is no governing body regulating these exchanges.

This means that if something goes wrong, there is no one to turn to for help.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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“I think there is a great risk”: will AI steal our jobs?

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Artificial Intelligence has become an increasingly powerful and pervasive force in our modern world.

 
Artificial intelligence is not a new concept. However, the growing advancements have the potential to revolutionise industries, improve efficiency, and enhance the quality of life.

Along with its promising advancements, artificial intelligence also brings certain risks and challenges that must be acknowledged and addressed.

It has become the focus of lawmakers, who are working towards greater regulation of the sector.

U.S. and European Union officials recently met in Sweden to weigh up the benefits and challenges of artificial intelligence, and other emerging technologies.

“The AI process is creeping up on us,” said Dr Keith Suter, who is a global futurist.

“You’ve got competition between companies.”

It’s almost like some of us can see this raft that’s heading towards the rapids and a disappearance towards the waterfall, and we’re giving a warning but it’s not being heeded because everybody’s in this race to get down to the river,” Dr Suter said.

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The world’s best airline has been named for 2023

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A lie-flat seating concept in economy is making waves for the world’s best airline

One of the world’s premiere safety and product rating websites, AirlineRatings.com has announced its 2023 Airline of the Year.

Air New Zealand won the award for its exceptional achievements in in-flight innovations, which include the upcoming Skynest beds in the Economy cabin, its environmental leadership, and the dedication of its staff.

Air New Zealand Chief Executive Officer Greg Foran said the recognition acknowledges his remarkable team.

“We owe our success to the dedication and hard work of our 12,000 Air New Zealanders who wake each morning to connect Kiwis with each other and the world.

“This award belongs to them for their grit, commitment, and the exceptional service they deliver every day.”

Air New Zealand nudged out previous winner Qatar Airways (2021, 2022) Etihad Airways, Korean Air and Singapore Airlines for the top spot.

The AirlineRatings.com Airline Excellence Awards are judged by five editors, who boast decades of industry experience.

Airlines are judged across 11 key criteria including fleet age, passenger reviews, profitability, investment, product offerings, and staff relations.

“It is a sign that we have got our swing back and that our relentless focus on doing the basics brilliantly and delivering our Kia Mau strategy with precision and ambition is working,” Mr Foran said.

However, he explained there are ares for improvement as the global travel sector recovers from the height of the pandemic.

“As with many airlines worldwide, we understand that our fantastic team faces difficulties in providing the service we strive for and that our customers expect. We’re working hard to address these challenges.”

Air New Zealand won Best Economy Class, while Qatar Airways picked up Best Business Class for the fourth-year running and Best Catering.

Singapore Airlines received the Best First Class award, while Virgin Australia/Virgin Atlantic won Best Cabin Crew.

Best-In-Flight Entertainment and Best Premium Economy went to Emirates, while Qantas was recognised for Best Lounges.

Geoffrey Thomas is the Editor-in-Chief at AirlineRatings.com, who said there was tough competition.

“In our objective analysis Air New Zealand came out number one in many key areas although it was a very close scoring for the top five.”

The awards also recognised the world’s Best Low-Cost Airlines.

Southwest Airlines won in the Americas category; while Fly Dubai (Middle East); AirAsia (Asia); Jetstar (Australia/Pacific) and Ryanair (Europe) all won in their respective regions.

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Deepfakes are taking over Hollywood

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Deepfakes are the online phenomenon changing the way in which we consume and trust social media

 
Have you ever scrolled through social media and found a celebrity selling something a bit left of centre?

Chances are you have fallen victim to a deepfake.

These images and videos are a type of artificial intelligence, which promises to create doctored videos, which are almost impossible to tell apart from the real thing.

They have typically been used in pornographic clips and for celebrity endorsements.

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