UK Competition Watchdog Warns of AI Dominance and Potential Consumer Harm

The Economic Crime and Corporate Transparency Bill in the United Kingdom (UK), which aims to expand authorities' ability to combat illicit cryptocurrency usage and tackle crypto-related financial crimes, is nearing the final stages of approval by the House of Lords. This bill, introduced in Septembe ...

UK Competition Watchdog Warns of AI Dominance and Potential Consumer Harm

The United Kingdom's competition watchdog has expressed concerns about the potential for a small number of firms to dominate the artificial intelligence (AI) industry, which could lead to consumers being exposed to harmful information. In a report released on September 18, the Competition and Market ...

Ripple’s Fortress Trust Acquisition: Ensuring Customer Security Amidst Security Breach and Ongoing Expansion

Ripple's Fortress Trust Acquisition: Ensuring Customer Security Amidst Security Breach and Ongoing Expansion A security breach involving third-party vendor cloud tools shook Fortress Trust, but Ripple's swift intervention during an ongoing acquisition process ensured customer security. While the ...

Cryptocurrency Mining Malware Exploits Windows Tool: A Talos Intelligence Analysis

Hackers have been employing a nefarious Windows tool for cryptocurrency mining malware distribution since November 2021, as uncovered in an analysis by Cisco's Talos Intelligence. In this audacious assault, the attacker capitalizes on Windows Advanced Installer, a tool often used by developers to bu ...

Exploring Alternative AI Platforms for PDF Navigation Beyond ChatGPT

The Best AI Platforms for Navigating PDFs—That Are Not ChatGPT Decrypt previously looked at productivity plugins for OpenAI’s ChatGPT, but users need a ChatGPT subscription to use plugins. This article will discuss prod ...

SingularityNET and VeChain Partner to Merge AI and Blockchain for Carbon Emission Reduction

Artificial intelligence firm SingularityNET and blockchain firm VeChain have become the latest firms to marry blockchain with artificial intelligence — this time, with the aim of cutting down carbon emissions. Over the last year, the crypto industr ...

Palo Alto Networks CEO Urges Modernization of Cybersecurity Amid Rising Threats

Palo Alto Networks CEO Nikesh Arora has urged companies to modernize their cybersecurity systems, cautioning that bad actors have become much faster at breaching company defenses than ever before. Speaking to Jim Cramer on CNBC’s “Mad Money” on Aug. 21, the cybersecurity firm CEO said that compan ...

YouTube’s AI Principles for Music Industry Collaboration: Balancing Innovation and Creativity

YouTube released its “principles” for working with players in the music industry on artificial intelligence (AI) technology, on Aug. 21. The CEO of YouTube, Neal Mohan, outlined in a blog post that now is a critical time to “ boldly embrace this technology with a continued commitment to responsib ...

Cryptocurrency News: Coinbase’s Futures Approval, Ether ETFs, Ripple Case Appeal, Singapore’s Stablecoin Regulations, and AI Legislation

Cryptocurrency exchange Coinbase has received approval from the United States National Futures Association to offer investments in crypto futures to eligible customers. The approval enables Coinbase to introduce Bitcoin (BTC) and Ether (ETH) futures contracts through its Commodity Futures Trading ...

Miners Diversify into AI and Non-Crypto Ventures, Moving Beyond Bitcoin Mining

Miners are investing in artificial intelligence (AI) and other areas of the economy. Individuals and large companies are trying to diversify their risks to be less dependent on mining. Besides bitcoin, miners are mining Ethereum Classic, Ravencoin, Ergo. ...

SEC Chairman Gary Gensler Highlights Risks and Transformative Potential of AI in Capital Markets

Gary Gensler sees artificial intelligence as a transformative technology on par with the internet. However, he, according to the chairman of the SEC, carries certain risks, including for capital markets. In this regard, the regulator, ...

Bitpanda Partners with Coinbase to Enable European Banks in Offering Cryptocurrency

European crypto investment platform Bitpanda has partnered with Coinbase exchange to help European banks offer cryptocurrency to their clients. According to BitPanda chief operating officer Lukas Enzersdorfer-Konrad, despite the crisis in cryptocurrency, banks still want ...

MicroStrategy Chairman Michael Saylor Advocates Bitcoin as a Solution to Cybersecurity Threats and Fake Social Media Accounts

MicroStrategy Chairman Michael Saylor believes that the Bitcoin network can be an effective tool for preventing cybersecurity threats, namely the fight against fake social media accounts. In a recent interview with Kitco News, Michael Saylor touched on cybersecurity and the ...

JPMorgan Develops IndexGPT, a Neural Network for Various Business Applications

It will be a universal tool from the banking giant It will cover different services and businesses We recently wrote that JPMorgan introduced JPMorgan ChatGPT, a customized version of ChatGPT for tracking market metrics. But the banking giant is not stopping t ...

Cryptocurrency Interest Declines as AI Takes Center Stage

The last time such a downturn was followed by a bullish rally But now AI inquiries are growing in parallel And that means many investors are moving into a new field Cryptocurrencies have been of low interest among Google users lately. The number of su ...

Worldcoin Raises $115 Million in Series C Funding for Development of World App and Token Launch

The startup has already raised $240 million in total The project is set to launch the token in late 2023 Cryptocurrency project Worldcoin has completed a $115 million Series C funding round led by Blockchain Capital. The round was led by Blockchain Capital, wi ...

New Jersey Officials Take Action to Block Fraudulent TruthGPT Coin Scam

The New Jersey State's Attorney's Office and other officials have joined the efforts of their colleagues to block a fraudulent scam related to the TruthGPT Coin crypto-asset offering. Attorney General Matthew Platkin (Matthew J.. Platkin) ...

Baidu Shifts Focus from Meta-Universe to AI, Abandoning Virtual Reality Development

Chinese search company Baidu has shifted its focus from the meta-universe to artificial intelligence because of the hype surrounding ChatGPT Chinese search giant Baidu has changed its mind about investing in the meta universe and is now focusing on artificial intelligence (AI). Local newspaper ...

Bitpanda Invests $10 Million in AI Division, OpenAI Launches Worldcoin Wallet

European cryptocurrency investment platform Bitpanda is going to invest $10 million to create a special division for developments in the field of artificial intelligence. Bitpanda said that investing into artificial intelligence is the "natural next step" in the company's ...

SEC Chairman Gensler Highlights Compliance Issues in the Cryptocurrency Market

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said that rules for token issuers and cryptocurrency exchanges already exist, but they are fundamentally unwilling to comply. While speaking at a Federal Reserve Bank of Atlanta conference, Gary Gensler was ...

The Frightening Reality of Artificial Intelligence and the Need for Regulation

Artificial intelligence has changed the course of history And it's very frightening to the famous philosopher Famous philosopher and historian Yuval Noah Harari released an article in the British magazine The Economist. He devoted it to the threats of artificial ...

LG Electronics Plans Patent for TV Enabling Non-Exchangeable Token Trading On-Screen

South Korean tech giant LG Electronics plans to get a patent for a TV that will allow its users to trade non-exchangeable tokens right on the screen. According to the company, the device will be able to connect to the NFT trading server, which will ...

ChatGPT-4: The Game-Changing Chatbot with Revolutionary Features

ChatGPT is a popular chatbot from OpenAI. Periodically, developers present new versions of the program based on artificial intelligence. Technology company Google has entered the AI development race, among others, with its chatbot Bard. Tech blogger Rowan Cheung thinks OpenAI shouldn't worry a ...

Binance Faces Disinformation Campaign Using Artificial Intelligence

The world's largest cryptocurrency exchange Binance officially announced: someone is using artificial intelligence to conduct a disinformation campaign against the trading platform and its leader. According to Patrick Hillmann, the exchange's chief strategy officer, a ...

IBM plans to replace back-office jobs with artificial intelligence

They have suspended hiring for new jobs And plan to implement AI replacements within 5 years Robots can perform back-office tasks IBM CEO Arvind Krishna announced a halt in hiring for a number of jobs. In the next few years, they plan to fill them wit ...

OpenAI Receives $300M Funding from Venture Capital Firms and Microsoft Investment

The company is now valued at about $27-29 billion External investors now own more than 30% of OpenAI The OpenAI startup has received new funding of $300 million by selling shares. Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global and Fou ...

Bitget invests $10 million in AI-based blockchain platform Fetch.ai

Bitget will help the ecosystem with placing and selling tokens The exchange will also provide advice on marketing and other important areas Cryptocurrency exchange Bitget has invested $10 million in blockchain platform with artificial intelligence Fetch.ai. Th ...

The Sandbox Launches Land Sale and NFT Collection in Mega City 3 Location

The Sandbox universe is having a land sale in the Mega City 3 location and launching a new NFT collection The Sandbox universe is launching a land sale in a new location in the virtual world of Mega City 3, which is inspired by the megacities of China. The new virtual space will open on April ...

Binance introduces Sensei chatbot for cryptocurrency education

Binance, the largest cryptocurrency exchange, has unveiled its latest offering, the Sensei chat bot, powered by ChatGPT's artificial intelligence technology. This innovative bot is designed to promote cryptocurrencies via the Binance education platform and provides users with answers to any quest ...

Airbnb CEO criticizes companies chasing hype in crypto, metaverse, and AI

At a conference hosted by American bank Morgan Stanley, Brian Chesky, the CEO of Airbnb, shared his thoughts on companies that focus on cryptocurrencies, the metaverse, and artificial intelligence. Chesky criticized those who prioritize these trendy technologies solely for the sake of advertising ...

YieldTrust.ai Platform Banned in Multiple US States as Regulators Accuse It of Being a Ponzi Scheme

US Regulators Declare YieldTrust.ai a Ponzi Scheme and Ban the Platform Several US states' financial regulators have issued a warning that the YieldTrust.ai trading platform exhibits characteristics of a Ponzi scheme and banned the application in their states. YieldTrust.ai and its founder, St ...

Former Video Game Developers Raise $13 Million to Build their Own Metaverse

The studios that created the cult video games Diablo, Elden Ring and Call of Duty raised $13 million to develop their own metaverse Former video game developers Call of Duty, Diablo, God of War, Assassin's Creed and Elden Ring raise $13M to create their own metaverse. About it writes VentureBeat ...

Galaxy Digital CEO Michael Novogratz Claims US Government is Hostile to Cryptocurrencies

Galaxy Digital CEO, Michael Novogratz, has expressed his belief that the US government has taken a hostile stance towards the cryptocurrency industry. In an interview with Bloomberg, Novogratz stated that the Biden administration and the US Democratic Party don't like cryptocurrencies, largely du ...

Galaxy Digital CEO Michael Novogratz on the Neglect of AI in Regulation

During a discussion of Galaxy Digital's Q4 results from last year, CEO Michael Novogratz expressed surprise at regulators' focus on cryptocurrency while neglecting the field of artificial intelligence (AI). He criticized the "totally inadequate" regulation of cryptocurrencies by US authorities, p ...

Nvidia CTO Believes Cryptocurrencies Are Useless for Society

According to the CTO of Nvidia, Michael Kagan, cryptocurrencies offer no useful contributions to society, despite the company continuing to sell its processors to miners. Kagan believes that a chat bot with artificial intelligence, such as ChatGPT, would be far more beneficial than cryptocurrency ...

Keanu Reeves Talks About Cryptocurrencies, NFTs, and Metaverses

Canadian actor and Hollywood icon Keanu Reeves has recently shared his admiration for some of the most groundbreaking innovations of our time, including cryptocurrencies, non-fungible tokens (NFTs), and metaverses. While promoting his latest film Jo ...