In an extraordinary confluence of technology and faith, over 300 Protestant Christians congregated in Germany for a unique church service orchestrated largely with AI tools. The 40-minute service—encompassing prayer, sermons, blessings, and hymns—saw the parishioners shepherded by an assembly of digital disciples: four ChatGPT-led avatars, composed of two young women and two young men. AI isn’t confined to just Christianity,…
The U.S. Securities and Exchange Commission today said it had not decided on whether to clarify new crypto rules after America’s biggest crypto exchange Coinbase made a special request for the top regulator to do so. In a Tuesday filing, the Wall Street regulator said it “has not decided what action to take on Coinbase’s rulemaking petition.” It comes after…
The crypto community has, historically, adorned certain male founders with reputations so epic they verge on myth—from Bitcoin creator Satoshi Nakamoto to once-wunderkind FTX founder and “crypto savior” Sam Bankman-Fried, to mysterious Binance CEO Changpeng Zhao, whose multi-billion company cannot be found on a map. Still, none of them have yet been equated, in a rousing Eurodisco dance track, to…
What makes a decentralized autonomous organization (DAO) a DAO? In practice, the democratic structure of these organizations has been compromised because a number of self-purporting DAOs are operating like traditional corporations. With this in mind, developers at Delphi Labs proposed an alternative framework, incorporating so-called BORGs (Cybernetic Organizations) into governance structures to automate decision-making so that action could be taken…
Based on last week’s regulatory onslaught, it seems U.S. authorities do not like digital currencies. But a central bank digital currency (CBDC)? That has not been ruled out yet. At least, that’s what one U.S. Treasury Department representative said at today’s Transform Payments USA 2023 conference, Graham Steele, assistant secretary for financial institutions, spoke about the U.S. government’s FedNow payment…
Atomic Wallet, a noncustodial decentralized wallet, has been hit by a staggering exploit, leading to users reporting losses of their entire cryptocurrency portfolios. This unforeseen breach has sent shockwaves through the crypto community, as Atomic Wallet’s fundamental premise relies on users assuming full responsibility for storing their assets securely. The losses from the Atomic Wallet heist have now skyrocketed to…
On June 13, the long-awaited Hinman documents were finally unsealed and released to the public. The unveiled documents offer valuable insights into a significant speech delivered in 2018 by Bill Hinman, the former director of the United States Securities and Exchange Commission’s (SEC) corporation finance division. In this 2018 speech, Hinman shared his perspective that Ether (ETH), one of the…
The United States Securities and Exchange Commission (SEC) extended the comments period for its proposal to amend Rule 3b-16 of the Securities Exchange Act of 1934 ended June 13. The Blockchain Association and Republican members of the House of Representatives Committee on Financial Services filed last-minute comments. The amendments proposal, which runs for hundreds of pages, was released in January…
Crypto intelligence firm Coin Metrics released a report on Tuesday outlining how Bitcoin’s energy usage can be measured by scanning the blockchain for clues—linking activity on the network to specific, high-powered machines. For years, Bitcoin’s electricity usage has been a contentious topic, as critics point to the energy-intensive nature of validating transactions on proof-of-work networks. By continuously crunching complex calculations…
Binance.US would have to transfer all U.S.-based assets to new wallets but would be allowed to pay its bills under a proposed consent order. Source: https://cointelegraph.com/public/index.php/news/sec-and-binance-seek-compromise-on-us-assets-freeze
