Binance and other cryptocurrency firms based in the United Arab Emirates are optimistic that the country will remain a hotspot for virtual assets despite a potential shift to the United States should the Western superpower become a more crypto-friendly jurisdiction. The “regulation by enforcement” regime in the U.S. has pushed global crypto firms to move to locations such as the…
Month: December 2023
OpenAI, Axel Springer in deal to integrate AI and journalism, tackle AI ‘hallucinations’
Axel Springer, one of the largest media companies in Europe, is collaborating with OpenAI to integrate journalism into ChatGPT artificial intelligence (AI) technologies, the German publisher said in a statement on its blog on Dec. 13. The collaboration involves using content from Axel Springer media brands to advance the training of OpenAI’s large language models. It aims to achieve a…
Philippines SEC begins Binance ban countdown
The Philippine Securities and Exchange Commission head Kelvin Lee clarified in a panel on Dec. 13 that the ban on Binance would come into effect three months after the advisory was issued. According to a report from local news BitPinas, Lee said there has been a lot of confusion on the internet about the ban after regulators issued an advisory…
Bitcoin bulls eye BTC price comeback as cash inflows echo late 2020
Bitcoin (BTC) is displaying fresh bull run signals as BTC price strength produces 7% daily gains. BTC/USD 1-hour chart. Source: TradingView BTC price bounces after snap sell-off Data from Cointelegraph Markets Pro and TradingView hints that upside momentum may continue as on-chain metrics reset. Bitcoin “needed to cool off” after hitting $44,000 this month, analysis believes, and after a trip…
Crypto in the well and snake villain star in FCA’s pixelated animation
The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), has vigorously promoted its marketing rules for crypto firms since they were published in June. It’s now found a way to bring them to life, in the form of a pixelated Wild West cartoon to enlighten investors. A minute-long animation mimicking the style and sound of a video game appeared as…
Opensource AI can outperform private models like Chat-GPT
While generative artificial intelligence (AI) models backed by centralized cloud infrastructure — such as ChatGPT — currently lead on overall performance, new research shows that open-source competitors are catching up. The current market leaders of generative AI, such as Google and OpenAI, took a centralized approach to building their infrastructure — effectively limiting public access to various information, including the…
Blockchain media authentication app eyes news journalism as primary use-case
Decentralized infrastructure network provider Nodle has released the first version of its blockchain-based media authentication application called Click, which could prove useful in combatting artificially generated media and fake news. As previously reported by Cointelegraph, Nodle has developed a software development kit (SDK) for its ContentSign solution, which cryptographically proves the integrity of data captured by mobile devices using blockchain…
Axie Infinity NFTs Can Soon Evolve Like Pokémon—Here’s How
Monster NFT characters in play-to-earn game Axie Infinity can soon be upgraded thanks to a major update that brings a “Stage 2” evolution to every Axie monster, details of which the game’s developers at Sky Mavis have exclusively shared with Decrypt. Over 250 different Axie “parts” can be evolved on any Axie NFT beginning December 14, upgrading the character’s battle…
Fed pause is a ‘green light’ for investors; here’s what it means for crypto
A decision from the United States Fed to pause and possibly lower interest rates next year will likely serve as a “positive boost” for cryptocurrencies and crypto stocks. In a Dec. 13 interview with Bloomberg, Blackrock fund manager Jeffrey Rosenberg described the Fed’s rate pause — and its hint at rate cuts next year — as a “green light” for…
Gemini creditors revolt over ‘brutal’ Bitcoin slashing reorg plan
Gemini Earn creditors are fuming over a proposed reorganization plan that could see their promised Bitcoin (BTC) payouts effectively slashed to about 30% of what they’re worth at current market rates. In an X post, Gemini Trust revealed it sent creditors an email on Dec. 13 outlining the proposed plan, which has now been put up for a vote. Under…