Universal Music Group tells streaming services to block AI-generated music
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Universal Music Group tells streaming services to block AI-generated music

Content generated by artificial intelligence (AI) has been on the rise following the release of OpenAI’s latest version of their AI chatbot, ChatGPT-4, and others like it. However, not everyone has been in favor of some of its capabilities when left unchecked. A report from the Financial Times on April 13 revealed Universal Music Group (UMG) as the latest to voice its…

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Data watchdog demands transparency to lift restriction
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Data watchdog demands transparency to lift restriction

The Italian regulatory body responsible for data protection has specified the actions that OpenAI must take to revoke an order imposed on ChatGPT. The order was issued in March 2023. The watchdog suspected the artificial intelligence (AI) chatbot service of violating the EU’s General Data Protection Regulation (GDPR) and mandated the United States-based firm to halt the processing of data belonging…

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Twitter to launch crypto and stock trading in partnership with eToro: Reports
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Twitter to launch crypto and stock trading in partnership with eToro: Reports

Popular social media platform Twitter is reportedly set to introduce a new feature that will allow users of the platform to trade cryptocurrencies, and stocks. The new feature is being launched in partnership with fintech firm eToro, reported CNBC. Twitter users will be able to browse market charts for a wider variety of financial instruments and purchase and sell crypto…

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Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal
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Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal – Bitcoin News

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining firm is scheduled to go public through a special purpose acquisition company (SPAC) deal with Blue Safari Group, as noted in the…

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BTC miners cash $5M on Ordinals, Reddit NFTs get botting backlash and more
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BTC miners cash $5M on Ordinals, Reddit NFTs get botting backlash and more

Bitcoin (BTC) miners have pocketed over $5 million from creating nonfungible token (NFT)-like inscriptions using the Ordinals protocol. Transaction fees for Ordinals transactions exploded 240% from $1.5 million on March 10 to 5.2 million by April 12, according to Dune Analytics data. The rise came on the back of a rather slow period between Feb. 16 and March 10, which…

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China Fines Bitmain $3.6 Million for Tax Violations, Report
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China Fines Bitmain $3.6 Million for Tax Violations, Report – Mining Bitcoin News

Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income Tax on Behalf of Employees One of the world’s largest producers of devices designed for cryptocurrency mining, Bitmain,…

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Crypto VC funding hits 2-year low, US firms still favorite: Galaxy Research
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Crypto VC funding hits 2-year low, US firms still favorite: Galaxy Research

Venture capitalist (VC) investment into crypto firms continued to fall in the first quarter of 2023, yet despite the current regulatory turbulence for crypto in the United States, it is still first for the number of firms raising capital according to a new report. An April 11 report from Galaxy Research, the research arm of crypto investment firm Galaxy Digital,…

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