The AI task force advisor to the prime minister in the United Kingdom said humans have roughly two years to control and regulate artificial intelligence (AI) before it becomes too powerful. In an interview with a local UK media outlet Matt Clifford, who also serves as the chair of the government’s Advanced Research and Invention Agency (ARIA), stressed that current…
Month: June 2023
5 YouTube channels for learning graphic design
Learning graphic design is a valuable skill in today’s digital age. It involves creating visual content for various purposes, including advertising, branding, web design, and more. Whether you’re a beginner or looking to enhance your existing skills, YouTube can be a fantastic resource for learning graphic design. Here are five YouTube channels that offer excellent content for graphic design enthusiasts:…
Binance sees $778M net outflows on Ethereum blockchain amid SEC charges: Nansen
The SEC lawsuit against Binance on June 5, accusing the crypto exchange of violating various securities laws, had a direct impact on the crypto market as well as the balance sheet of the crypto exchange. According to data shared by crypto analytic firm Nansen, Binance saw a negative netflow of $778 million on the Ethereum blockchain, where $871 million worth…
NFT Artist Agoria to Give Fans Ownership Over Upcoming Album Launch
Marking his two-year journey in the NFT art scene, renowned French DJ, producer, and artist, Agoria, is presenting an unconventional token of appreciation to his fans and collectors. The founder of the Sapiens record label is offering a shared stake in the royalties from his upcoming record as a tribute to Agoria’s community, fondly dubbed the “Agorians.” “I thought about…
Bitcoin traders bet on $24K BTC price as market digests SEC vs. Binance
Bitcoin (BTC) circled $25,800 on June 6 as the aftermath of fresh panic over largest exchange Binance lingered. BTC/USD 1-day candle chart on Bitstamp. Source: TradingView BTC price risks losing multi-month range Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it steadied after dropping to near three-month lows. The weakness came as part of a knee-jerk market reaction…
PEPE Leads Market Losses Amid SEC Crackdown on Binance
The total crypto market capitalization plummeted 3.6% overnight, per CoinGecko data, as the United States Securities and Exchange Commission (SEC) filed a fresh lawsuit against Binance. The lawsuit alleges that Binance and its CEO Changpeng Zhao failed to block U.S. users from accessing Binance.com, conducting the unregistered offer and sale of crypto, and operating as an unregistered exchange, broker, and…
Kraken experiencing gateway issues — withdrawals, deposits delayed
The cryptocurrency exchange Kraken reportedly says that it’s currently investigating an issue with several crypto funding gateways, including major ones such as Bitcoin (BTC), Ethereum (ETH) and ERC20. On June 6, Kraken’s status page said, “Deposits and withdrawals are currently delayed. We will provide any updates as soon as possible.” The first notice was posted around 07:44 UTC, followed by…
AI should be regulated like medicine and nuclear power: UK minister
Developers working on artificial intelligence should be licensed and regulated similarly to the pharmaceutical, medical, or nuclear industries, according to a representative for Britain’s opposing political party. Lucy Powell, a politician and digital spokesperson for the United Kingdom’s Labour Party told The Guardian on June 5 that firms like OpenAI or Google which have created AI models should “have to…
US Congressmen blame crypto firms for ‘tax gap’ in letter to Treasury
Members of the United States Congress — Brad Sherman and Stephen Lynch — have penned a letter to the heads of the Treasury and the Internal Revenue Service (IRS), demanding the implementation of tax regulations for the crypto industry. In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, Congressmen Sherman and Lynch raised concerns about…
Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic
Illicit funds gained from the $35 million Atomic Wallet hack have been moving to a crypto mixer known to be favored by North Korea’s most notorious cyber-hacking group. On June 5, blockchain compliance analytics firm Elliptic reported that its Investigations Team has traced funds from the $35 million Atomic Wallet hack to crypto mixer Sinbad.io. It claims the mixing service…