Democrats and Republicans locked horns today at a mark-up hearing on yet another bill aimed at creating new regulations around digital assets, and familiar wounds tied to the SEC and failed exchange FTX loomed large over the debate. Members of the House Financial Services Committee lawmakers aired their frustrations with one another over different aspects of the legislation, called the…
Deepfakes remain a crucial concern for law enforcement and cybersecurity experts, and the United Nations has sounded the alarm over their role in spreading hate and misinformation online. A science team at MIT now says they have developed a novel defense against the weaponization of real photos. During a presentation at the 2023 International Conference on Machine Learning on Tuesday,…
Bitcoin and several major altcoins are trading inside a range, indicating that a strong catalyst is needed to start the next trending move. Source: https://cointelegraph.com/news/price-analysis-7-26-btc-eth-xrp-bnb-ada-sol-doge-matic-ltc-dot
In this week’s newsletter, read about how Reddit onboarded millions into Web3 through its nonfungible token (NFT) avatars, and check out McDonald’s first metaverse experience in The Sandbox. Find out why professional gamers are interested in trying out Web3 games, and why Axie Infinity creator Sky Mavis is partnering with NFT collection CyberKongz to develop a new game. And don’t…
As the joint SAG-AFTRA/WGA strike enters its second week—with the use of artificial intelligence in film and TV production one of the main sticking points—Netflix is looking to hire AI developers to fill the Product Manager and Technical Director roles in its R&D Labs and Machine Learning division, respectively. “We are creating a new product management role to increase the…
Bitcoin (BTC) shifted toward $30,000 on July 26 as the United States Federal Reserve delivered a fresh interest rate hike. BTC/USD 1-hour chart. Source: TradingView Bitcoin tames volatility ahead of Powell press conference Data from Cointelegraph Markets Pro and TradingView showed BTC price performance strengthening after the Federal Open Market Committee (FOMC) took rates 0.25% higher. While still fairly quiet,…
Bitcoin barely budged after the United States Federal Reserve hiked up interest rates to a 22-year high on Wednesday. The largest cryptocurrency by market cap was at the time of writing trading for $29,304 according to CoinGecko, a minimal 0.1% 24-hour increase. Other digital assets, like Ethereum, the second biggest cryptocurrency, also remained relatively even. Ethereum had not moved at…
The CFA Institute, the professional association that provides Certified Financial Analyst credentialing, surveyed its members on their perceptions of central bank digital currency (CBDC), saying it wanted to examine the demand-side outlook on the financial technology. The survey found a wide spread of opinions that depended on the location and even age of the respondents. The response was generally unenthusiastic.…
Traditional asset management is a laborious process. It often requires the involvement of numerous middlemen, including various state bodies and regulators. Assets such as stocks, bonds, property, or even land can often be prohibitively expensive and time-consuming to manage, putting them beyond the reach of the vast majority of the world’s population. What’s more, traditional asset management typically involves complex…
The Bitcoin ETF race is on, and Wall Street behemoths like BlackRock and Fidelity are now battling for the title of first to offer a spot market product. But the winner will end up sharing that title with the partner that helps get it over the finish line. That company could be Coinbase. When BlackRock announced it was stepping into…
