Users of Coinbase Are Increasing Rapidly in the US and UK, Leaving Binance Far Behind

Apps play an important role in crypto financial and trading systems. Two of the apps, Bianance and Coinbase, are the top apps in the crypto market. Binance is the leading crypto app in the world, however, it is not doing well in the US and UK. Instead, Coinbase is leading because of its better consumer-friendly experience and reputation. In the US, Binance faced some civil and criminal rulings, along with some regulatory challenges like SEC lawsuit. Binance is also not doing well in terms of regulations and having conflicts with regulators in the UK.

According to SimilarWeb's findings, in the US, Coinbase got 16.7 million monthly users in July 2024, which is a 71.2 percent up YoY and 3.1% month over month. Another popular crypto exchange app in the US is crypto.com which got 2 million monthly users. Even though the UK doesn't have as many monthly users of Coinbase as in the US, it still got 1.3 million monthly users. On the other hand, Binance had 729.5K monthly users. Even though Binance stopped accepting customers in October of last year, it is still one of the most used crypto apps in the UK.

Crypto customers in the US have also started using a new crypto app called Robinhood which is more diverse and supports crypto trading. Other crypto apps that have been gaining some popularity in the US are Blockchain.com with 164.6% increase in active users YoY, OKX with 260% increase in active users YoY and Bybit with 50.7% increase in active users YoY.

On the other hand, Bianance app has been growing worldwide with 53.9 million visitors on the web in July alone. Coinbase.com got 32.2 million visitors in July. The iOS version of Coinbase is also growing rapidly with 87.9% increase in users YoY.

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• BroadBandNow's Analysis Claims Internet Prices Have Remained Steady Despite Inflation
by Arooj Ahmed via Digital Information World

BroadBandNow's Analysis Claims Internet Prices Have Remained Steady Despite Inflation

In this raging inflation period, nearly every product and service is increasing their prices. But internet plans are as steady as ever. A new study found out that consumers have not experienced any price raise on internet plans.

The analysis done by BroadBandNow suggests that broadband prices have been steady ever since 2015, with $90 average a month. BroadBandNow analyzed nearly 2000 ISPs delivering services via cable, Fiber Technologies and DSL and found out that these internet services had no effect of inflation on them.

There was a 40% price drop on fiber service after adjusting for inflation. This shows that fiber technology has made its way to many markets and is now delivering high speed and reliable internet connection services.

BroadBandNow also noticed that the Affordable Connectivity Program had helped people a lot in choosing affordable monthly internet services. But now it has ended because of lack of funding from Congress which has 23 million households in the USA. Democratic Party said that they will continue fighting to reinstate the Affordable Connectivity Program in the USA.

Even though the internet price per month is $90 on average, it is still higher as many people say that internet pricing should be $60 or lower. On the other hand, many consumers claim that their internet pricing was $20-$60 dollars when they first subscribed to the internet service, according to the US News & World Report survey.

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by Arooj Ahmed via Digital Information World

Stunning Job Revision Revealed: U.S. Added 818,000 Fewer Jobs Than Initially Reported

According to the preliminary estimates of the annual benchmark revision to U.S. employment figures, U.S. job growth wasn’t as strong as initially estimated. Between March 2023 and March 2024, 818,000 fewer jobs were added to the U.S. economy than originally reported, resulting in a 0.5% growth in employment. This is the largest downward adjustment since 2009.

The revised data indicates that the U.S. added 2.08 million jobs during the 12-month period ending in March 2024, down from the initial estimate of 2.90 million. Average monthly job growth was adjusted from 242,000 to 174,000. Although this is still solid growth, it is below earlier expectations.

The sectors experiencing the most significant declines, accounting for more than 90% of the downward revision, include: professional and business services (-202,000 jobs), retail trade (-47,000 jobs), manufacturing (-96,000 jobs), and information (-103,000 jobs). The Leisure and Hospitality industry also saw a decline, but Private Education and Health Services experienced a growth of 1,144,000 jobs, up from 1,057,000 in the original estimate.

The downward revision of U.S. job growth points to a slower economic recovery. Key sectors facing declines suggest potential challenges for overall economic momentum and consumer confidence.

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by Arooj Ahmed via Digital Information World

Why Azure Kubernetes Service (AKS) is Crucial for Modern Cloud-Native Applications

Amid the rapid evolution of the digital landscape, organizations are adopting cloud-native architectures to streamline operations, reduce costs, and accelerate scaling. The shift towards microservices and containers has become increasingly popular as businesses demand agility, resilience, and ease of deployment. This movement is central to Kubernetes's emergence as a go-to orchestration platform for containerized applications.

Image: ThisIsEngineering/pexels

However, managing Kubernetes clusters can be complex, which is where Azure Kubernetes Service (AKS) enters the picture. AKS offers a fully managed service that simplifies Kubernetes operations, enabling developers to focus on innovation rather than infrastructure management. For those seeking additional details on how AKS fits into this evolution, it’s essential to understand why it’s a game-changer for modern cloud-native applications.

The Transition to Cloud-Native Environments

Cloud-native applications mark a new paradigm of how software is constructed, produced, and delivered. Cloud-native applications are a set of microservices, while in monolithic architectures, applications are created as a single block with interdependencies. Microservices are small and self-contained services that can be built, deployed, and even managed without having to worry about the other microservices. This affords immense flexibility because each microservice can change without affecting the whole system.

However, when it comes to managing microservices, some new challenges appear. Questions related to scaling, load balancing, network traffic, and state management of containers must be addressed. This is where Kubernetes comes into play, as it is an orchestration layer that handles the deployment, scaling, and management of containerized workloads.

Kubernetes is a mighty tool by itself, but configuring and managing clusters can be quite time-consuming and require extensive experience. Azure Kubernetes Service (AKS) was designed to address these challenges by providing a fully managed service, enabling teams to take advantage of Kubernetes without the additional burden.

Simplified Kubernetes Management with AKS

Another critical reason AKS is necessary for current cloud-native applications is because it can help manage Kubernetes clusters properly. Previous methods of implementing Kubernetes required setting up the underlying environment, handling cluster nodes, networks, and fault tolerance. AKS also hides this complexity by providing a managed environment where Microsoft manages the underlying infrastructure, resources, and services such as provisioning, scaling, and monitoring.

AKS also works well with other Azure tools, such as Azure Active Directory for identity management, Azure Monitor for monitoring, and Azure Policy for compliance management. This tight integration minimizes interaction between the development and production environments and helps the developers sustain a strong, safe, and compliant environment. Furthermore, the fact that AKS is an Azure service means that organizations do not need to worry about updating, patching, or scaling clusters, as these are handled automatically.

In addition, AKS provides intrinsic security features like network policies, pod security policies, and Azure Security Center integration. These features assist in shielding applications from threats and maintaining compliance with various standards. With AKS, teams are free to concentrate on developing and deploying cloud-native applications and not worry about the details of Kubernetes management.

Scalability and Flexibility for Growing Applications

The fourth and final benefit of AKS is that it is highly scalable and very flexible, which makes it ideal for applications where the workload is expected to vary. Applications deployed in organizations should be scalable, meaning that as organizations get more significant, the applications have to accommodate this growth and not slow down. AKS is also capable of horizontal scaling, increasing or reducing the number of nodes in a cluster.

This flexibility is especially beneficial for busy platforms like online stores during the holiday season or streaming services during popular events. These changes are acceptable for AKS as it can quickly scale up the resources to meet the demands and keep the application up and running at all times.

AKS also supports hybrid and multi-clouds, which makes it possible for organizations to execute tasks in various locations or across multiple cloud service providers. This is particularly useful for companies with strict data sovereignty rules or those who want to avoid being tied down to a particular provider. AKS empowers developers to place the applications where they are most suitable for the company while ensuring that they receive standardized management and orchestration from Kubernetes.

Driving Innovation with DevOps and CI/CD Integration

Another reason why AKS is so vital in modern cloud-native applications is its integration with DevOps pipelines. AKS automates the whole software development process, which means that new features and updates can be delivered faster while remaining high-quality and reliable. AKS can consume various pipelines for continuous integration and continuous delivery, where developers can release changes to production rapidly and securely.

CI/CD platforms like Azure DevOps, Jenkins, GitHub Actions, and others natively support AKS and provide capabilities to test, deploy, and monitor applications running in Kubernetes. This minimizes the chances of making mistakes and shortens the development cycle while enhancing innovation.

Moreover, AKS offers rich tools for monitoring and observability, like Azure Monitor and Azure Log Analytics, to help developers gain insights into their applications. These tools assist the teams in easily flagging and addressing problems that may affect the execution of applications in production environments.

Conclusion

Regarding modern cloud-native development, AKS is a must-have technology for building modern applications. AKS helps businesses be more innovative while easing operations by scaling Kubernetes management, improving workloads, and integrating with pipelines. With the increasing popularity of cloud-native applications, AKS will remain an essential solution that enables the construction, deployment, and expansion of applications that address modern, digital-first environments.

by Asim BN via Digital Information World

A New Study Finds AI Text Detectors are Not as Accurate as Some Claim

A study by researchers from University of Pennsylvania finds that AI text detectors aren’t as reliable as people think. AI text detectors are used to analyze if a text is AI generated or not. But these AI text detectors are developed in a way that they only look out for some specific signs that can easily be written by humans too. Sometimes, AI detectors easily find the AI generated text but they do not do well when presented with some specific texts like news articles. Sometimes, these AI text detectors also mark completely human written text as AI generated content.

The researchers of the study proposed a new way to generalize an AI written text by giving these detectors a data set of 10 million documents from news articles to blogs and recipes, and benchmarking them. A public leaderboard will then rank AI detectors according to their performances based on those datasets. They said that they are trying to benchmark AI detectors so if someone comes up with a new idea, we can validate that their text is in fact human written.

Ever Since the release of GPT-2 in 2019 and GPT-3 in 2022, there have been so many problems regarding the text produced by AI text generators. Many teachers have also shown their concerns about their students using LLMs to write their assignments and academic papers. Many AI detectors claim 99% accuracy which is too good to be true. Some even claim that AI is hard to detect.

The researchers say that AI detectors are easy to deceive if we replace certain words and add British spellings on the words. Some detectors also work best on the AI text models they were trained on, so they sometimes cannot accurately detect text written by models like Anthropic’s Claude. Some AI detectors which were specifically designed to detect news may also struggle on recipes. All in all, as LLMs are getting better, AI detectors are struggling to detect AI written text accurately.

Image: DIW-Aigen

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by Arooj Ahmed via Digital Information World

Study Shows Almost 23% People Are Going to Become Victims of Cyber Stalking by 2025

A new report by VPNRanks says that in the midst of increasing cyber crimes, almost 23% of the internet users are going to experience cyber stalking by 2025. Out of ten Americans, almost three will be affected with nine million people overall affected by 2025. As the internet is getting available to almost all people around the world, it is natural that cyber stalkers are also going to increase. The simple definition of cyber stalking is using SMS, emails or social media to harass, threaten or stalk someone. Baby Reindeer, a Netflix show, portrays cyber stalking in a very descriptive way.

Most people may think that cyber stalking is not that common, but it has been going on for years. In 2021, there were 7% to 40% cyber stalking victims across different studies. If a person is experiencing stalking in real life, there is also a high chance that he or she can become the victim of cyberstalking. VPNRanks reports that 70% of the cyber stalking victims know their stalkers are afraid of them in case they harm them physically.

In 2019, almost 1.5 million people were victims of cyberstalking, with most being 16 years or older. There are some reasons why cyberstalking is becoming so common and easy. As the internet is becoming accessible, many bad actors are using it negatively. There are also hacking tools that these cyber stalkers use to harass and threaten their victim.

Another big reason is that many people are not aware of cyber stalking and the laws that conclude it as a crime. Authorities should take measures to raise awareness about digital security among people. It is important for every internet user to know about cyber bullying so they can take action if they ever experience cyber bullying.

Image: DIW-Aigen

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by Arooj Ahmed via Digital Information World

AI Startup Perplexity All Set To Run Ads On Its Search App

Perplexity is ready to monetize its search app through the addition of ads on the platform.

The embattled company just rolled out a pitch deck that spoke about the reach and use of the app, delineating its growth in recent times. Today, the userbase has 230M monthly users while downloads crossed the 2 million mark.

In April, a new funding round saw its value estimate hit $1 billion and that was a more than twofold rise, highlighting a massive growth.

The company's great popularity is on the rise but many do put the app in the spotlight with concerns related to its content. Media outlets Forbes and Wired called the app out for plagiarizing its articles.

Since the start of that dilemma, it has worked on bettering itself and now uses a different technique to publish stories and cite references. This made a huge difference and now the app is doing great in the world of search.

Industry experts have highlighted the significant role of AI in enhancing search capabilities on the app. They emphasize the need for continuous optimization of AI algorithms to maintain a competitive edge in today's fierce market.

Many calls by expert SEO firms have repeatedly mentioned that AI Overviews need to display the entire experience and not just focus on rankings. So more FAQs, feedback and details have to be highlighted. Only then can they expect to rank high on search engines and make readers want more.

According to various reports, the world of AI is transforming how users search for content online. The focus is increasingly on personalization and matching the right content, rather than merely aligning with keywords.

This is one reason why AI search tools are so much in demand today. They use natural language and machine learning with data from users to give the best results. Similarly, the future of search was outlined as mostly AI-related. They would need to better comprehend and anticipate the needs of all clients. This goes above and beyond usual keyword engines that fail to get the correct matching.

So much has changed in search when you compare it to what it was 10 years ago and this app for AI Search hopes to offer the best in terms of tailored demands.

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by Dr. Hura Anwar via Digital Information World