The United States Department of Commerce’s Bureau of Industry and Security (BIS) released a notice on Oct. 17 expanding the already existing export controls of artificial intelligence (AI) chips to China. The BIS wrote that the newly released rules “reinforce” those put in place back in October 2022, with the goal of restricting China’s ability to “both purchase and manufacture…
The European Union’s financial regulatory landscape is in flux with the introduction of multiple Anti-Money Laundering (AML) directives and related laws. These regulations, although designed to protect the financial system, come at a hidden, and sometimes steep, cost to consumers and financial institutions alike. It’s imperative to understand their wider implications, and to question whether the costs — both monetary…
BackTheBunny – Money, Conspiracy, Milady Our host Reza Jafery sits down with BackTheBunny to dive deep into money, the fight against crypto that we’re witnessing in real-time, and milady culture. Our Host: https://twitter.com/rezajafery Our Guest: https://twitter.com/BackTheBunny Our Sponsors https://decrypt.co/1000x Source: https://decrypt.co/videos/interviews/BRoKZzer/backthebunny-money-conspiracy-milady
Reddit is getting rid of its crypto-powered “Community Points” reward tokens. The tokens were first launched three years ago in an effort to reward Reddit users for making high-quality contributions to the social media platform, but the site plans to fully phase them out by November 8, TechCrunch first reported. Reddit’s Community Points are ERC-20 tokens that were initially minted…
God Mode is a series from Decrypt’s GG that provides an authoritative look at hot topics in gaming—whether it’s the best games in a certain genre, the top examples of buzzy trends, or other things you need to know to get the most out of your games. Alan Wake is a video game. Alan Wake, the character, is a writer.…
Federal Reserve Board governor Michelle Bowman shared her views on financial innovation in a speech at Harvard Law School on Oct. 17. Bowman has spoken several times on the topic, and her position seems to be growing more bearish. Bowman spoke at length about central bank digital currency (CBDC) and stablecoin. She also considered “unified ledger” technology and distributed ledger…
Baidu, one of China’s largest technology companies, released version 4.0 of its popular “Ernie” artificial intelligence (AI) large language model (LLM) chatbot. According to an English language translation provided by Baidu, embedded in an X post alongside the usual Google Translate subtitles, CEO Robin Li claimed the updated model “stands on par with GPT-4 in terms of overall performance.” Baidu…
‘A Grand Experiment’: Shrapnel Studio Head Don Norbury Talks Game Economics How much of Shrapnel’s in-game items are tradeable NFTs? Don Norbury, Studio Head at Shrapnel and CTO at game studio NEON, tells Decrypt’s Kate Irwin about Shrapnel’s approach to game economics, including different game pricing models and how NFT game economies create different challenges for developers. Source: https://decrypt.co/videos/interviews/Z2OMMsC5/a-grand-experiment-shrapnel-studio-head-don-norbury-talks-game-economics
Lawyers representing former FTX CEO Sam “SBF’ Sam Bankman-Fried conducted their cross-examination of Nishad Singh, pressing the former engineering director on events leading to Alameda Research using funds from the crypto exchange. According to reports from the courtroom on Oct. 17, Singh admitted “there was a lot” he didn’t remember from June to July 2022 under questioning from SBF defense…
Decentralized finance (DeFi) protocol Platypus Finance said it had recovered 90% of assets that were stolen in a security breach last week. According to the October 17 announcement, developers said the protocol’s net loss was limited to “18,000 Avalanche,” worth $167,400 at the time of publication. As the hacker voluntarily returned the funds, Platypus Finance stated it “will guarantee that…
