Last week the administration of United States President Joe Biden issued a lengthy executive order intended to protect citizens, government agencies and companies through ensuring AI safety standards. The order established six new standards for AI safety and security, along with intentions for ethical AI usage within government agencies. Biden said the order aligns with the government’s own principles of “safety,…
In the rapidly evolving world of NFTs and digital collectibles, agencies are poised to play a pivotal role. Whether they specialize in marketing, branding, talent management or focus solely on NFT creation, these agencies have a unique power to shape the trajectory of Web3 adoption and elevate the realm of digital assets. I believe their influence will be indispensable. Boosting…
Bitcoin (BTC) fell toward $34,500 on Nov. 7 as analysts’ attention turned to mushrooming open interest. BTC/USD 1-hour chart. Source: TradingView Open interest “surge” spooks Bitcoin pundits Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory struggling to reclaim $35,000 as support. The largest cryptocurrency lacked clear direction into the Wall Street open, but market participants predicted that…
Lawyers handling the FTX bankruptcy case are considering offers that could eventually lead to a relaunch of the troubled exchange. At an Oct. 24 hearing of the United States Bankruptcy Court in the District of Delaware, Kevin Cofsky of Perella Weinberg Partners revealed he is negotiating with several parties interested in purchasing the company. Cofsky, an attorney specializing in restructuring…
The Financial Services and General Government bill proposes to drastically cut funding to the SEC and other government agencies. Source: https://cointelegraph.com/public/index.php/news/gary-gensler-salary-one-dollar-sec-proposed-bill-lawmaker
Bitcoin users attempting to send on-chain BTC transactions are footing the bill for a fresh surge in Ordinals. Source: https://cointelegraph.com/public/index.php/news/bitcoin-ordinals-btc-transaction-fees-5-month-peak
Gaming console Xbox is tapping into artificial intelligence (AI) with a new partnership intending to boost game creators by integrating generative AI into their game creation toolkits. In a blog post, Xbox general manager of gaming AI Haiyan Zhang announced that the company is building AI game dialogue and narrative tools through a multi-year partnership with Inworld AI, a company…
It’s been a bullish week for three of the market’s largest altcoins XRP, Cardano, and Solana. XRP has enjoyed a hefty rally, hitting nearly 20% in the last seven days. It’s now trading hands at just under $0.69 after falling some early Tuesday morning. That price now puts the token at a three-month high. This week’s rally is just the…
The Virtual Assets Regulatory Authority [VARA] is one of the earliest world regulatory bodies to release comprehensive crypto assets regulations to promote crypto-related activities in Dubai. Established in March 2022, VARA was created to promote the Emirate as a regional and international hub for virtual assets and related services. VARA released a comprehensive regulatory framework for virtual asset service providers…
Fiat payment rails and neobanking services are becoming a vital cog in driving mainstream adoption and acceptance of the wider cryptocurrency space, according to key industry figures at the intersection of traditional finance and Web3. Executives from OpenPayd, Ramp Network and Damex unpacked the increasing importance of third-party payment rails and banking platforms in conversation with Cointelegraph during the recent…
