A group of influential members of parliament (MP) suggests that the UK collaborate with its democratic allies to address artificial intelligence (AI)’s potential misuse, emphasizing London’s aim to be a key player in advancing this emerging technology. The Science, Innovation and Technology Committee (SITC), an advisory body to the government, recommends in a report published on Thursday, Aug. 31, that…
The Adidas /// Studio, also known as the Triple Stripes Studio, has launched a Web3-based digital artist in residency program to showcase and support budding creators in the NFT space. The program was announced on Aug. 31, and it will officially launch on Sept. 4 via a series of online and in-person events that will run until Sept. 11. INTRODUCING:…
MakerDAO co-founder Rune Christensen has submitted a proposal to build the decentralized finance project’s upcoming native chain off of a fork of Solana’s codebase, and not the Ethereum Virtual Machine despite its long-running ties with Ethereum. MakerDAO’s native chain or what is currently dubbed as “NewChain,” is part of the fifth and final phase of the MakerDAO “Endgame” upgrade announced…
Collapsed crypto exchange FTX’s new management might be on the verge of dumping its huge Solana (SOL) holdings, based on the movement of tokens from wallets—and the protocol’s co-founder has a “win-win” solution in mind. Data shared on Twitter shows that FTX cold storage wallets, further identified via blockchain explorer Solscan, started to move its SOL yesterday. Multiple cold storage FTX…
In one of the weirder moments of my writing career, Carl “The Moon” Runefelt contacted me out of the blue seeking an “update to old information” in a May 2022 article. The article had touched on his involvement with the crypto payment platform Kasta, but Runefelt felt a pressing need a year later to get the copy changed to highlight…
Lawyers representing Ripple in its lawsuit with the United States Securities and Exchange Commission (SEC) have suggested the regulator hasn’t met the requirements to request an appeal. In a Sept. 1 filing with U.S. District Court for the Southern District of New York, Ripple’s legal team said the SEC’s grounds for an appeal largely rested on “dissatisfaction” with a judge’s…
The psychedelic ingredient in “magic mushrooms” continues to reveal therapeutic powers, according to a new study. In a significant randomized controlled trial, researchers at 11 sites across the US compared a single dose of psilocybin with a placebo concluding that the chemical could have positive effects on people suffering from depression. The study, published in the Journal of the American…
The Reserve Bank of India (RBI) central bank digital currency (CBDC), the digital rupee, will have enhanced usability, Yes Bank announced Aug. 30. This was thanks to Yes Bank’s integration of the Unified Payments Interface (UPI) with the RBI digital rupee app. Now Yes Bank account holders will be able to make transactions with the digital rupee by scanning UPI…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. In this week’s newsletter, Ethereum staking services have agreed upon a 22% limit on all validators to ensure fair markets. August proved to be another costly month for DeFi as several protocols…
The Public Service Commission of the state of Kentucky has denied a proposed contract that would have allowed a mining firm to receive a discounted rate on electricity provided by the power company. In an Aug. 28 order, the commission denied a contract between Ebon International and Kentucky Power Company which involved a $50-million investment in a crypto mining facility…
