The deadline has come for comments on a consultation paper and call for evidence released by the United Kingdom’s HM Treasury on a proposed crypto asset regulatory framework. The long-awaited paper, published in February, drew detailed responses from a variety of cryptocurrency industry players. Blockchain provider Polygon Labs, venture capitalists Andreessen Horowitz (a16z), the Association for Financial Markets in Europe (AFME)…
Researchers at the University of Texas at Austin have developed an artificial intelligence (AI) system capable of interpreting and reconstructing human thoughts. The scientists recently published a paper in Nature Neuroscience exploring using AI to non-invasively translate human thoughts into words in real time. According to the researchers, current methods for decoding thoughts into words are either invasive — meaning…
Liquid staking solutions such as Lido and Rocket Pool now have more total value locked (TVL) than decentralized exchanges (DEXs), making them the top category of DeFi protocols, according to data from crypto analytics platform DefiLlama. For the first time, the Liquid Staking category has surpassed DEXes in total value locked, making it the leading category in DeFi by TVL…
Storied auction house Sotheby’s took its years-long embrace of Web3 a step further on Monday, launching a portal on its Sotheby’s Metaverse platform where secondary NFT artwork sales are conducted peer-to-peer and fully on-chain. The addition to the Sotheby’s Metaverse platform, which initially went live in October 2021, features support for NFT artwork minted on Ethereum and scaling network Polygon,…
Legislators in the European Union have pushed forward with a draft of a new bill designed to keep artificial intelligence technology in check. According to the bill, the high-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures. In particular, generative AI tools, including ChatGPT and Midjourney, will be obliged to disclose any use…
Amid the collapse of the second, third, and fourth largest banks in American history, U.S. president Joe Biden reassured the public that the country’s banking system remains sturdy. However, the president also acknowledged the “threat by the speaker of the House to default on the national debt.” Biden Expresses Confidence in American Banking System Despite First Republic Bank Collapse Biden’s…
The United States Treasury Department’s Office of Foreign Asset Control announced cryptocurrency exchange Poloniex has agreed to a $7.6-million settlement related to more than 65,000 apparent violations of multiple sanctions programs. In a May 1 notice, the Office of Foreign Asset Control, or OFAC, said the $7.6 million would be used to settle Poloniex’s civil case for alleged violations of…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Looking for an NFT-enabled game with an Overwatch-like hero shooter vibe? Bushi from Web3 studio Onenet may fit the bill: it’s a fast-paced, third-person arena combat title with game mechanics reportedly inspired by the likes of Spellbreak, GunZ The Duel, and battle royale smash Fortnite. Although it’s currently in…
Geoffrey Hinton, an artificial intelligence pioneer known as one of the “godfathers of AI” resigned from his position at Google so that he could openly express his concerns about how A.I. could cause significant harm to the world. Hinton admitted in a New York Times interview that he now partly regrets his life’s work. Despite the beneficial uses of A.I.,…
Magic Eden Chief Gaming Officer Chris Akhavan tells Decrypt’s Kate Irwin about how the NFT marketplace vets potential Web3 games for its platform. Source: https://decrypt.co/videos/interviews/ogci0VQ6/how-does-magic-eden-vet-web3-games
