Last week, two United States senators unveiled a bipartisan blueprint for artificial intelligence (AI) legislation. The framework put forward by Senators Richard Blumenthal and Josh Hawley advocates for mandatory licensing for AI firms and makes it clear that technology liability protections will not shield these companies from legal action. The framework proposes creating a licensing system overseen by an independent…
Bitfinex and Tether’s CTO Paolo Ardoino will be deposed this week as part of a years-long class-action lawsuit against both firms and their associated insiders, according to a New York judge’s order filed on Monday. Tether and Bitfinex’s counsel had asked for Ardoino’s deposition to be delayed to early October. In a court filing on Friday, the firms’ counsel said…
Arbitrum (ARB) has emerged as a leading contender within the Ethereum network’s layer-2 scalability solutions, boasting a significant total value locked (TVL) and notable activity. However, between Sept. 9 and Sept. 11, the price of ARB tokens experienced a sharp decline of 14.5%, marking its lowest point in history. Investors are now eagerly seeking insight into the factors driving this…
Bitcoin is down 3% in the past 24 hours—having dropped to its lowest level in three months—and has brought the rest of the digital asset market with it. CoinGecko data shows that the largest cryptocurrency by market cap is now trading for $25,048. The last time it was priced this low was back in mid June. Ethereum, the second largest…
Could the growth of artificial intelligence benefit Tesla, Elon Musk’s infamous automaker? Morgan Stanley analyst Adam Jonas seems to think so. In a newly published research note, the auto-industry researcher boosted Tesla’s stock to “overweight” (implying it will outperform competitors) and raised his price target from $250 to $400. The change spurred a 10% jump in TSLA—which trades on the…
Blockchain could be used to authenticate the real from what is generated by artificial intelligence, Congressman Tom Emmer suggested Sept. 11 at the Permissionless II conference. That would combine nicely with other progress being seen in United States cryptocurrency policy, he said. Speaking on a panel, Emmer began on a cautious note, saying the recent Ripple and Grayscale wins in…
Artificial intelligence systems are being embedded with racist tendencies, causing machines to replicate human biases, experts warn. And as AI adoption soars, it could run the risk of perpetuating racial imbalance through a tool many believe will help advance civilization. In a recently deleted BuzzFeed article, the author used AI image generation tool Midjourney to create depictions of Barbie dolls…
Ten percent of shareholder claims have been settled so far. They will be able to assess the company’s condition at a Sept. 11–12 meeting. Source: https://cointelegraph.com/app/public/index.php/news/ftx-shareholder-presentation-222-million-bahamas-real-estate-1300-tokens
Cryptocurrency asset outflows for the week of Sep. 3 through 9 totalled $59.3 million, bringing the current run to $249 million over four consecutive weeks. Bitcoin experienced the bulk of activity last week, with its $68.9 million in outflows offset by Short Bitcoin inflows in the amount of $15.2 million and $0.7 million from XRP. According to CoinShares, regulatory and…
Beside the Keizersgracht canal in the heart of Amsterdam, inside the 18th-century cultural house Felix Meritis, more than 1,000 total attendees recently packed in to watch a fashion show starring no one. Attendees of the event, which closed Amsterdam Fashion Week last weekend over four performances, filed into a room featuring a large catwalk bifurcated by a translucent screen. As…
