The American comedian and author Sarah Silverman, along with two other authors Richard Kadrey and Christopher Golden, have filed lawsuits against Meta Platforms’ LLaMa and OpenAI’s ChatGPT over copyright infringement. Meta and OpenAI are alleged to have used the plaintiffs’ content for training their respective artificial intelligence (AI) systems without obtaining any prior permission. According to the court documents against…
Bitcoin (BTC) is in line to hit $50,000 this year and crack all-time highs in 2024, says Standard Chartered. In a report quoted by media outlets including Reuters on July 10, the banking giant went on record to announce a BTC price recovery. Standard Chartered vs. 2023 BTC price: From $5,000 to $50,000 In the wake of seismic changes in…
The number of central banks intent on debuting CBDCs in the immediate term has doubled since last year, despite the calamity that has since ensued in the crypto market. “If widely used for payments, cryptoassets including stablecoins may constitute a threat to financial stability,” read a new survey from the Bank for International Settlements (BIS). “To strengthen and coordinate regulatory…
While the audit demonstrates trust and transparency, Eric Lister from audit firm A-LIGN explained that it does not improve business systems. Source: https://cointelegraph.com/app/public/index.php/news/crypto-soc-2-here-s-what-soc-2-compliance-audits-mean
Bitcoin’ (BTC) hash rate hit a new all-time high over the weekend, meaning that it becomes increasingly difficult for any individual or group to control more than 50% of the network’s total computational power. According to data from Bitinfocharts, Bitcoin’s hash rate spiked to 465 EH/s on Saturday from 406 EH/s on the previous day. Despite the value dropping almost…
Despite the Coinbase cryptocurrency exchange facing a securities violation lawsuit in the United States, the company’s stock has been on the rise recently. Coinbase (COIN) stock has added more than 50% to its value since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the firm for allegedly offering unregistered securities. According to data from TradingView, Coinbase shares…
As 93% of the central banks are already conducting research on central bank digital currencies (CBDCs), the uncertainty about this form of digital money among them fades. There could be up to 15 retail and 9 wholesale CBDCs in circulation by 2030. These numbers appear in the survey report by the Bank for International Settlements (BIS), published on July 10.…
A woman from the city of Clive, Polk County, Iowa, fell victim to a scam involving the use of a Bitcoin ATM, according to a press release by local police that was shared on the department’s Facebook. The victim was baited into sending her exploiters $6,600 through a Bitcoin ATM after she received a phone call from somebody impersonating the…
Switzerland has long been a haven for the wealthy due to its well-established banking secrecy laws, but its citizens have warmed quickly to the self-sovereign ideals behind Bitcoin (BTC). Giw Zanganeh, head of Lugano’s Plan ₿ initiative, highlighted the growing use of Bitcoin for everyday payments in the Swiss city in conversation with Cointelegraph journalist Joe Hall at the Plan…
The largest meme coins by market capitalization in Dogecoin (DOGE), Shiba Inu (SHIB), and PepeCoin (PEPE) have been trading in the red since last week amid the rise of new competitors in the sector. Recent bearish moves from Bitcoin (BTC) and Ethereum (ETH) certainly haven’t helped either given their high correlation to the rest of the market. PEPE topped the…
