The rush of excitement that accompanied the launch of nine new Ethereum futures exchange-traded funds (ETFs) appears to have yielded little in the way of investment dollars in comparison. On Oct. 2, nine new ETF products, which are designed to track futures contracts tied to the value of Ethereum’s native currency Ether (ETH) arrived on the market. Of these funds…
Meta Platforms recently confirmed using public Facebook and Instagram posts to train its new Meta AI virtual assistant. The objective was clear: improving the performance of artificial intelligence and machine learning system by studying real user behaviors and preferences. “We’ve tried to exclude datasets that have a heavy preponderance of personal information,” Nick Clegg, Meta’s President of Global Affairs, told…
Former SEC attorney John Reed Stark took to social media on Monday with an in-depth forecast of how Sam Bankman-Fried’s criminal trial is likely to play out. The disgraced ex-boss of defunct crypto exchange FTX faces sweeping fraud charges that may collectively earn him a lifetime in prison. Though he will soon have his day in court, Stark says the…
JPMorgan CEO Jamie Dimon says artificial intelligence could be applied to “every single process” of his firm’s operations and may replace humans in certain roles. In an Oct. 2 interview with Bloomberg, Dimon said he expects to see “all different types of models” and tools and technology for AI in the future. “It’s a living, breathing thing, he said, adding:…
Legendary actor Tom Hanks and Zelda Williams, daughter of the late Robin Williams, joined the chorus of voices sounding the alarm about the proliferation of AI deepfakes. Hanks called out the apparent publication of an AI-generated video of the Castaway and Saving Private Ryan star promoting, of all things, a dental plan. “Beware! There’s a video out there promoting some…
J.W. Verret is a Harvard-educated attorney who teaches corporate finance and accounting at George Mason University. His work has increasingly intersected with the crypto sector in recent years, as his legion of Twitter followers — who know him as “BlockProf,” or the Blockchain Professor — are poignantly aware. 1) You’re very busy professionally — teaching at George Mason University, serving on…
BackerKit has joined the growing list of platforms prohibiting the use of AI-generated content, announcing on Monday that it would ban campaigns that used generative AI to create images due to copyright and artist compensation concerns. “Creators invest significant time, effort, and resources into their projects,” the company explained. “BackerKit’s Trust & Safety team aims to safeguard these endeavors, creating…
Bitcoin preserves its snap October gains, but BTC price analysis reveals reasons for staying level-headed about the future. Source: https://cointelegraph.com/public/index.php/news/btc-price-28-5-k-trader-bitcoin-disbelief
A class-action suit was filed against Binance.US and Binance CEO Changpeng Zhao on Oct. 2 in the District Court of Northern California alleging various violations of federal and California law on unfair competition for attempting to monopolize the cryptocurrency market by harming its competitor FTX. The suit was brought by Nir Lahav, who is identified only as a California resident. …
The committee’s recommendations included having the Kenyan government consider implementing a comprehensive framework for digital assets and virtual asset servi… Source: https://cointelegraph.com/public/index.php/news/kenya-parliamentary-committee-shutdown-worldcoin
