The Nasdaq-listed cryptocurrency exchange Coinbase has been accused of “wrongfully” profiting from its users’ facial and fingerprint scans. “Coinbase collects, stores, possesses, otherwise obtains, uses, and disseminates its users’ biometric data to, amongst other things, further enhance Coinbase and its online ‘app-based’ Platform,” a proposed class action lawsuit details. Coinbase ‘Wrongfully Profits’ From Users’ Facial and Fingerprint Scans A proposed…
On Wednesday, Texas State regulators demanded the termination of an “Artificial intelligence investment scam” that promoted TruthGPT Coin using fake animated avatars and images of Tesla and Twitter CEO Elon Musk to dupe would-be investors. The emergency cease and desist order was filed against Horatiu Charlie Caragaceanu, The Shark of Wall Street, and Hedge4.ai. Texas regulators say TruthGPT Coin and…
Former Celsius CEO Alex Mashinsky was charged with seven counts of fraud in connection with “false and misleading statements” about his company, among other thi… Source: https://cointelegraph.com/public/index.php/news/mashinsky-files-motion-to-dismiss-ny-ag-suits-says-it-parrots-misinformation
Demis Hassabis, the CEO of Google DeepMind, recently predicted that artificial intelligence systems would reach human-level cognition somewhere between “the next few years” and “maybe within a decade.” Hassabis, who got his start in the gaming industry, co-founded Google DeepMind (formerly DeepMind Technologies), the company known for developing the AlphaGo AI system responsible for beating the world’s top human Go…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG In the world of Web3, memes can turn into your wildest dreams. Or, at least, that’s what happened to the pseudonymous Bored Elon, who now goes by just “BORED” in all caps on Twitter. Bored has amassed 1.7 million Twitter followers since starting the account a decade ago, but…
OpenSea’s former head of product was today convicted of fraud and money laundering for using inside knowledge of which assets would be featured on the marketplace’s homepage to trade NFTs. Nathaniel Chastain was accused of buying NFTs he had decided to feature on the OpenSea NFT trading platform. Prosecutors alleged that Chastain then sold them shortly afterward to make more…
The Texas State Securities Board, including several state regulators, have come together to issue cease-and-desist orders against Horatiu Charlie Caragaceanu and his organizations, The Shark of Wall Street and Hedge4.ai, for promoting two cryptocurrencies named TruthGPT Coin and Elon Musk AI Token. The orders seek to clamp down on what they claim is a fraudulent securities scheme attempting to capitalize…
Lawyers representing cryptocurrency and stock trading app Robinhood faced off against those for the Secretary of the Commonwealth for Massachusetts over the legality of a state regulation that could affect how the company markets itself to potential investors. Under Secretary of the Commonwealth for Massachusetts William Galvin, the state securities division filed a complaint against Robinhood in December 2020, alleging…
On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured in the president’s comprehensive 182-page budget proposal for the fiscal year 2024. The DAME tax targets “making crypto miners pay for the costs they impose on others” regarding the environmental impact of crypto mining activities. Crypto Miners Could Face Gradually…
Digitalization is shaping the future of money, but traditional central bank money housed in commercial banks will remain dominant, Moody’s predicted in a new report. Essentially, trust trumps efficiency, it said, after surveying a wide range of emerging or potential forms of money. The monetary landscape is becoming fragmented, Moody’s said, but many new payment solutions support the use of…
