Australia asks if ‘high-risk’ AI should be banned in surprise consultation
The Australian government suddenly announced a new eight-week consultation to ask how heavily it should police the AI sector.
Posts published on May 31, 2023 go to media archive 1/4
Binance Buying Bank Not Solution for Banking Problems, Says CEO Changpeng Zhao
Acquiring a bank wouldn’t solve the issues with banking for Binance or others, the CEO of the largest crypto exchange is convinced. Speaking in the aftermath of the collapse of crypto-friendly banks in the U.S. and amid Binance’s issues with…
Winklevoss twins’ crypto exchange Gemini to seek UAE crypto license
The United-States-based cryptocurrency exchange is now seeking a license in the United Arab Emirates as it seeks to escape “hostility and [a] lack of clarity” on regulations in the U.S.
Kermit The Coin Leaps Into the Crypto Scene With Exciting Developments
PRESS RELEASE. Kermit The Coin, the hottest new memecoin in town, is making waves in the crypto community with its unique charm and promising potential. Today, the Kermit team is thrilled to announce several exciting developments that will take the…
Japanese AI experts raise concern over bots trained on copyrighted material
Takashi Kii, the Member of the House of Representatives for 10 Wards of Fukuoka indicated that he is pushing for regulation to protect copyright holders from being infringed on by AI.
BNB Price Prediction: Risk of Sharp Drop Below $300
BNB price (Binance coin) is moving lower below the $310 support against the US Dollar. The bears could gain strength if there is a close below $300. Binance coin price is moving lower from the $318 resistance against the US Dollar. The price is now…
Missing ‘Bitcoin Millionaire’ and ONFO coin co-creator found dead: Report
The body of Dr. John Forsyth has been found following a week-long search but police reportedly said foul play did not appear to be a factor.
Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,920
Ethereum price started another decline from the $1,920 resistance against the US Dollar. ETH is at a risk of more losses if it stays below $1,920 for a long time. Ethereum is now showing bearish signs and well below the $1,920 resistance zone. The…
Kenyan President William Ruto Urges African Countries to Commence Process to Ditch the Dollar
Kenyan President William Ruto recently urged his counterparts on the African continent to kickstart the process of ditching the U.S. dollar and replacing it with a pan-African settlement system. Ruto said the Pan-African Payments and Settlement…
Bitcoin Price Takes Hit – Upsides Turn Attractive To Sellers
Bitcoin price started a fresh decline below the $27,500 support. BTC is now showing a lot of bearish signs below the $27,400 pivot level. Bitcoin started a fresh decline and tumbled below the key $27,500 support zone. The price is trading below…
Blackrock CEO issues dire warning over ‘debt ceiling drama’ — Bullish for Bitcoin?
The debt ceiling has been raised but Larry Fink says trust in the U.S. dollar is being eroded, which could be good news for Bitcoin.
Satoshi Nak-AI-moto: Bitcoin's creator has become an AI chatbot
The bot is a ChatGPT model that’s so far only been trained on Satoshi Nakamoto’s public writings and a handful of Bitcoin-related source materials.
First Mover Asia: Bitcoin Settles Above $27.1K After Early Wednesday Dip as Rate Hike, Inflation Worries Heighten
ALSO: Large bitcoin holders reduced their holdings and sent assets to exchanges in the days leading up to the debt deal. What's next?
First Digital Unveils USD Stablecoin as Hong Kong Crypto Rules Kick In
The stablecoin is issued by a registered trust owned by First Digital.
US Lawmakers Introduce Bill to Halt Federal Reserve’s Digital Dollar Testing, Citing Concerns for American Liberties
U.S. lawmakers have introduced a bill to prohibit the Federal Reserve from “establishing, carrying out, or approving a program intended to test the practicability of issuing” a central bank digital currency (CBDC). “CBDCs would threaten the…
Investment bank TD Cowen shuts crypto unit a year after opening
Days after Digital Currency Group's TradeBlock started winding down operations, investment bank TD Cowen has also announced its crypto unit's closure.
Bitcoin, Crypto Prices Brace for Downturn in Coming Liquidity Shock, Observers Say
Improving liquidity conditions so far this year has lifted risk assets such as cryptocurrencies, but the trend is poised to turn once the U.S. debt ceiling is lifted and the Treasury along with the Fed resumes tightening, analysts said.
Central Banks Show ‘a Lot More Pessimism’ About US Dollar, Survey Shows
The latest gold reserves survey by the World Gold Council shows that central banks are less optimistic about the future role of the U.S. dollar while their confidence in gold has risen. “There was basically a lot more pessimism about the U.S…
Stop shoving crypto ‘down people’s throats’ — Pudgy Penguins CEO on NFTs
Luca Netz suggested that Pudgy Penguins is pushing for Web3/blockchain as a “back end not front end” approach, as it makes its IP as accessible as possible.
Did The US SEC Just Endorse Ethereum After This Settlement?
On May 30, the United States Securities and Exchange Commission (SEC) announced that Ishan Wahi, the former Coinbase product manager, and his brother, Nikhil Wahi, had agreed to settle charges brought forth by the regulator accusing them of…
Pixel Penguins, an NFT Charity Scam, Shows Dangers Of NFT Influencer Culture
Behind every PFP with thousands of followers on Twitter is a person. And in Web3, it’s not always best to trust one person’s word on whether or not to mint into an NFT collection.
Gate.io denies liquidity problems after Multichain CEO goes missing
Some Twitter users posted transactions showing large inflows of MULTI and FTM to Gate.io, leading them to perceive a connection between the two organizations.
Bitcoin Mining Difficulty Surpasses 50 Trillion for the First Time, Reaching a Record 51.23 Trillion
On Wednesday, Bitcoin reached a new milestone as its mining difficulty increased by 3.4% at block height 792,288, setting a fresh record. The difficulty level surpassed the 50 trillion mark for the first time in Bitcoin’s history, hitting an…
XRP Breaks 2-Year Trendline: Is A 500x Surge On The Horizon?
XRP, one of the top cryptocurrencies by market capitalization, has been bullish since May 26th, outperforming most of the top 10 cryptocurrencies. This surge in price comes as investors have high expectations for the outcome of the ongoing SEC vs…
SBF wants to subpoena documents from old FTX/Alameda law firm to use in his defense
The prosecution and FTX debtors already have access to the documents, which concern 11 topics and may contain material favorable to SBF.
Microsoft’s CSO says AI will help humans flourish, cosigns doomsday letter anyway
Eric Horvitz penned a blog post lauding the transformative nature of AI on the same day he cosigned a document warning it could threaten humanity’s very existence.
Jimbos Protocol to Work With U.S. Homeland Security to Help Recover $7.5M From Flash Loan Exploit
The team is opening more cases in other jurisdictions and offering a roughly $800,000 bounty to the general public for information on the exploiter.
PepeCoin (PEPE) price action points to a potential 70% drop
A bearish chart pattern suggests that PEPE could shave off another 70% in value, especially if the wider market continues to trend down.
Avalanche Bridge To Ethereum Records A 70% Drop In Value Transfer, Concern For AVAX Price?
The amount of funds flowing through the Avalanche Bridge is down 70% in the last 24 hours, DeFiLlama data on May 31 shows. 70% Drop In Activity In The Avalanche Bridge To Ethereum Over the past day, the bridge has facilitated $2,634,828 worth of…
Covering the 2024 Presidential Election
It gives me no pleasure to report that less than six months into this Congressional term, the 2024 election season has become fully underway. Florida Governor Ron DeSantis (R) officially declared his candidacy last week, though he appears to have…