A panel of regulators warned on Dec 14 that the rapid adoption of artificial intelligence (AI) could create new risks for the United States’ financial system if the technology is not adequately supervised. The Financial Stability Oversight Council, comprised of top financial regulators and chaired by Treasury Secretary Janet Yellen, flagged the risks posed by AI for the first time…
Memecoin hopefuls have been snapping Solana’s crypto phone in droves after a recent price hike for Solana memecoin Bonk (BONK), which has risen more than 1,100% in the last 30 days. Since the Solana phone was launched on May 8 this year, new owners have been able to claim a free 30 million airdrop of the memecoin, but a recent…
Over the past year, there’s been no shortage of scientists, tech CEOs, billionaires and lawmakers sounding the alarm over artificial intelligence — and now, even the Pope wants to talk about it too. In a hefty 3,412-word letter dated Dec. 8, Pope Francis — the head of the Catholic Church — warned of the potential dangers of AI to humanity…
U.S. Securities and Exchange Commission chair Gary Gensler has hinted that the regulator has been rethinking its approach to spot Bitcoin exchange-traded products following a recent Grayscale court decision. Speaking to CNBC on Dec. 14, Gary Gensler was questioned about the long list of pending spot Bitcoin ETF applications. He said the SEC has “between eight and a dozen filings” going…
Japanese electronics company Casio has launched an exclusive collection of digital art collectibles featuring its iconic G-Shock brand of watches, with a fresh set of incentives tied to the Ethereum NFTs. The limited-edition set of 2,000 NFT art pieces in a pair of futuristic “Virtual G-Shock” designs went on sale at 10pm ET Thursday. This marks Casio’s second foray into…
The token of decentralized finance protocol SafeMoon (SFM) has fallen 31% in five hours after the company filed for bankruptcy. Safemoon officially applied for Chapter 7 bankruptcy protection in a Dec. 14 filing to the United States Bankruptcy Court in the District of Utah, . The voluntary petition was filed by attorney Mark Rose with Chief Judge Joel T. Marker assigned…
Venture capital firm Andreessen Horowitz (a16z) is hoping to push pro-crypto and AI regulation forward with seemingl new strategy: Throwing money at politicians. “If a candidate supports an optimistic technology-enabled future, we are for them. If they want to choke off important technologies, we are against them,” wrote Ben Horowitz, one of the firm’s founders, in a Dec. 14 post,…
Imagine a future where a player is able to rent an in-game item via blockchain, giving them tools to pass a difficult level, or borrow an NFT that gives them the ability to try a new game on their wishlist. Such a feature is one that Polemos co-founder Richard McLaren is hoping will one day become the norm, along with…
Pope Francis said today he is praying over the “profound transformations” in society caused by digital technologies, and expressed hopes that the “inherent dignity” of humanity is considered before they are used—singling out artificial intelligence once again. The Vatican published the Pope’s sermon for the 2024 World Day of Peace on January 1, which, in part, called for the ethical…
Grindr, the leading dating app for the LGBTQ community, has announced a strategic partnership with generative AI company Ex-human to add an AI assistant to its platform. Ex-human, founded in 2021, has carved a niche in the AI world with its customizable chatbots. Unlike traditional AI models that focus on answering fact-based queries, Ex-human’s chatbots—popular on its consumer site Botify.ai—are…
