Google has made updates to its privacy policy which now allows it to take any publicly available data and use it for artificial intelligence (AI) training purposes. The update to the company’s privacy policy came on July 1 and can be compared to previous versions of the policy via a link published on the site’s update page. In the latest…
Month: July 2023
Crypto adoption fueled by ZK-rollups
Cointelegraph is launching Zero Barriers, a special six-part podcast series in collaboration with StarkWare. The series, which features as part of the Decentralize with Cointelegraph podcast, will explore the evolving world of zero-knowledge rollups (ZK-rollups) and the next steps for the adoption of blockchain technology. Throughout the series, three different hosts from the Cointelegraph team will be joined by different…
Has institutional trust returned to crypto?
With the Bitcoin (BTC) halving event less than a year away, several financial giants have filed applications for a spot Bitcoin exchange-traded fund (ETF) — a scenario last seen before the 2020 to 2021 bull run. Institutional interest in the sector dried up after major crypto giants such as FTX collapsed amid a prolonged crypto winter in 2022. Bitcoin and…
New Bitcoin Standard BRC-69 Plummets Data Limit for Ordinals
Bitcoin Ordinals continue to boom, with a new token standard launched Monday. The BRC-69 standard brings with it an innovative way to reduce the time and cost it currently takes to make an inscription. Known as Bitcoin’s version of NFTs, which allow for non-financial data to be stored on the blockchain, Ordinals previously had a 4-megabyte limit on what could…
Venture capital’s ICO gambits left Bitcoin ecosystem underfunded
Initial coin offerings (ICOs) may have hampered the development of the Bitcoin ecosystem, with market research reflecting a massive slant towards non-Bitcoin investments by venture capitalists over the past five years. Blockstream CEO Adam Back highlighted the juxtaposition between the lack of venture investment in Bitcoin in comparison to its dominance of the total cryptocurrency market capitalization in conversation with…
Bitcoin analyst flags $32.5K launchpad zone for BTC price
Bitcoin (BTC) bulls fought for $31,000 on July 4 as a United States market closure offered the chance for volatility. BTC/USD 1-hour chart. Source: TradingView Bitcoin price “getting ready to rip higher” Data from Cointelegraph Markets Pro and TradingView showed BTC price action attempting to cement overnight gains. These topped out near $31,400 before momentum waned, leaving BTC/USD still within…
Political Satirist Slammed for Creating Deepfakes of Trump, Biden Cheating on their Wives
Los Angeles-based video editor and political satirist Justin T. Brown has found himself at the center of a contentious debate thanks to his AI-generated images that portray prominent politicians such as Donald Trump, Barack Obama, and Joe Biden engaged in fictional infidelities. His provocative series, christened “AI will revolutionize the blackmail industry,” quickly came under fire, leading to Brown’s banishment…
Winklevoss slams DCG’s Silbert — Not even SBF was ‘capable of such delusion’
In an open letter, Cameron Winklevoss slammed DCG’s Barry Silbert for allegedly playing the victim card while owing $1.2 billion to Gemini’s 232,000 Earn custom… Source: https://cointelegraph.com/public/index.php/news/cameron-winklevoss-open-letter-barry-silbert-final-offer
China to tighten control on exports of AI chip-making materials
The Chinese government has announced plans for export controls on metals predominantly used to manufacture semiconductors used in the development of artificial intelligence (AI) systems. On July 3, the Chinese Ministry of Commerce issued a joint statement with the General Administration of Customs which said the controls are aimed at protecting the interests of national security and that it will…
Creditors for bankrupt Voyager Digital billed $5.1M in legal fees
New York-based law firm McDermott Will & Emery filed for compensation of $5.1 million from the creditors of bankrupt crypto brokerage firm Voyager Digital. The bill is for legal services offered between March 1 and May 13, 2023. In a July 3 court filing, the law firm billed the legal fees to the “Official Committee of Unsecured Creditors.” The court…