Sri Lanka’s central bank has issued a warning about “the significant risks associated with using and investing in cryptocurrency.” The central bank reminded the public that “cryptocurrencies are unregulated investment instruments which are not recognized as an asset class in Sri Lanka.” Sri Lanka’s Crypto Warning The Central Bank of Sri Lanka (CBSL) issued a notice last week, warning the…
Month: April 2023
Report Blasts Bitcoin Mining for Pollution—But Bitcoiners Aren’t Buying It
Bitcoin OGs are skeptical of a report published by the Environmental Working Group (EWG) on Wednesday, detailing how Bitcoin miners are “polluting” communities across the United States. Working through six case studies, the non-profit group says it has documented how the mining industry is interfering with the day-to-day life of Americans through air, water, and noise pollution. “The incessant din…
Bitcoin’s whitepaper is apparently hiding in Apple’s modern macOS
Satoshi Nakamoto’s original whitepaper laying out the Bitcoin (BTC) network is seemingly hiding within every modern version of the operating system for Apple’s Mac computers. An April 5 blog post from technologist Andy Baio revealed that a PDF of the Bitcoin whitepaper has “apparently shipped with every copy of macOS since Mojave in 2018.” Baio told Cointelegraph that he was…
Has Amazon Lost The AI Race?
Developers, start your algorithms! Amazon Web Services just announced that it’s launching a 10-week AWS Generative AI Accelerator to speed up its A.I. efforts. The program offers access to A.I. resources, mentorship, and $300,000 in AWS credits. With A.I.-powered digital assistants—including Amazon’s Alexa, Apple’s Siri, and Google’s Assistant—now relegated to yesterday’s news, is this just a desperate bid for relevance?…
Has Amazon Lost The AI Race?
Developers, start your algorithms! Amazon Web Services just announced that it’s launching a 10-week AWS Generative AI Accelerator to speed up its A.I. efforts. The program offers access to A.I. resources, mentorship, and $300,000 in AWS credits. With A.I.-powered digital assistants—including Amazon’s Alexa, Apple’s Siri, and Google’s Assistant—now relegated to yesterday’s news, is this just a desperate bid for relevance?…
Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’ – Economics Bitcoin News
Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters are stabilizing” and the Treasury…
‘Bitcoin Stamps’ NFTs Are Gaining On Ordinals
There’s another wave of NFTs starting to flood the Bitcoin blockchain—and they’re not in the form of Ordinals. The emergent STAMPS (Secure Tradeable Art Maintained Securely) protocol is proposing a different method of embedding image data into the OG blockchain, making different tradeoffs compared to the inscription technology that exploded in popularity earlier this year. Rather than storing image data…
AI Fears Grow as Germany, France, Sweden, and Canada Voice Concerns
Several world governments are growing increasingly jittery about the Pandora’s box of advanced artificial intelligence that was cracked wide open with the public release of ChatGPT by OpenAI. Even as they mull possible regulations, it’s unclear whether the genie can even be forced back into the bottle. On Tuesday, the Canadian privacy commissioner said he was investigating ChatGPT, joining colleagues…
Is Texas Still ‘Very Open for Business’ for Bitcoin Mining?
Up until quite recently, Texas was “very open for business, as it were, for Bitcoin mining.” That’s how Jaime Leverton, CEO of Canadian Bitcoin miner Hut 8, put it on the latest episode of Decrypt’s gm podcast. “They have in West Texas, in particular, a lot of renewable assets that are looking for stable base loads like a Bitcoin miner…
‘Ludicrous’ idea that Signature Bank’s collapse was connected to crypto, says NYDFS head
Adrienne Harris, superintendent of the New York Department of Financial Services, or NYDFS, has reportedly said the closure of the crypto-friendly Signature Bank in March had nothing to do with exposure to digital assets. According to an April 5 report from The Wall Street Journal, Harris made the remarks at the Chainalysis Links conference in New York City. She reportedly…