The U.S. Securities and Exchange Commission today sued Binance, hitting the world’s biggest cryptocurrency exchange and its CEO with 13 charges. As first reported by Bloomberg, the digital asset behemoth and its CEO Changpeng ‘CZ’ Zhao, who is Binance’s founder and controlling shareholder, have been accused of breaking U.S. securities rules, a court filing shows. The SEC charges include the…
Stablecoin issuer Tether (USDT) has announced that it will be partnering with Bitcoin-friendly nation El Salvador to invest in a planned $1 billion dollar renewable energy initiative. The Central American country continues efforts to drive Bitcoin adoption after becoming the first nation to make BTC legal tender some three years ago. The latest is a renewable power generation precinct in…
The Securities and Exchange Commission (SEC) unveiled a high-profile lawsuit against Binance on Monday, but a slew of altcoins like Solana and Polygon are also in the agency’s sights. Binance and the exchange’s CEO Changpeng Zhao were hit with 13 charges, accused of conduct like commingling customers’ funds and trying to evade U.S. securities laws with “sham controls” for determining…
According to a recent report published by nonfungible token money market protocol Paraspace and multichain wallet BitKeep, the current amount of NFT borrowing and lending, or NFTFi loans, has surpassed $430 million across 43,521 borrowers. The highest proportion of collaterals comprised the most popular NFT collections, such as Wrapped CryptoPunks, Bored Ape Yacht Club, and Mutant Ape Yacht Club. Researchers…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Following years of speculation, Apple officially revealed the Vision Pro, its augmented reality (AR) headset that enables real-world-meets-virtual experiences for entertainment, productivity, and more. The Vision Pro is a standalone headset that looks like slim ski goggles, maintaining the sleek aesthetic of other Apple products. It features a mix…
The abilities of generative AI to create life-like images are impressive, but the U.S. Federal Bureau of Investigation says that criminals are using deepfakes to target victims for extortion. “The FBI continues to receive reports from victims, including minor children and non-consenting adults, whose photos or videos were altered into explicit content,” the agency said in a PSA alert on…
In a move that could ripple across both art and AI communities worldwide, Japan has declared that using datasets for training AI models doesn’t violate copyright law. This decision means that model trainers can gather publicly available data without having to license or secure permission from the data owners. “We asked questions about generative AI from two perspectives: copyright protection…
A recent study conducted by researchers at the Blockchain Research Lab in Hamburg, Germany, indicates that OpenAI’s launch of ChatGPT represented a rising tide scenario for cryptocurrency assets related to artificial intelligence. Launched in November of 2022, ChatGPT quickly became one of the fastest-growing web platforms in history, eclipsing one million daily users in just five days and reaching the…
It is a goal of many in the crypto industry to evolve the space and bring it into the mainstream, but the industry still faces constant criticism from and continues to be regulated by individuals who may not fully understand how it works. Regulatory bodies worldwide have been increasingly vigilant in addressing potential risks and ensuring compliance within the crypto…
On June 5, Ethereum blockchain game developer Illuvium announced a partnership with video game and consumer merchandise retailer GameStop to debut a 20,000 nonfungible token (NFT) collection starting June 12. As told by developers: According to developers, the “Illuvitars” NFTS are “dynamic collectable works of art, representing a specific avatar of an Illuvial with a distinct expression. Each Illuvitar carries…
