The EU Parliament and Council negotiators reached a provisional agreement on the rules governing the use of artificial intelligence on Friday, Dec 8. The agreement covers the governmental use of AI in biometric surveillance, how to regulate AI systems such as ChatGPT, and the transparency rules to follow before market entry. This covers technical documents, adherence to EU copyright, and sharing training…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. Cointelegraph interviewed Velvet Capital’s CEO on the challenges facing DeFi and the key barriers it needs to overcome to go mainstream. Cosmos-based Umee and Osmosis merge to create “DeFi Hub,” where Umee’s…
In spite of the continuous efforts by the government of El Salvador to promote widespread cryptocurrency adoption within the nation, a recent CoinGecko report highlights the limited number of crypto owners in the country. Published on December 7, the report reiterates that El Salvador stands alone as the sole country in the world actively using crypto as legal tender. However,…
The United States Securities and Exchange Commission (SEC) recently met with Fidelity to seek additional clarity on its spot Bitcoin exchange-traded fund (ETF) application. According to a filing published on December 7, two Cboe BZX Exchange representatives, along with six from the SEC and nine from Fidelity, discussed the workings of the Wise Origin Bitcoin Trust in the meeting. “The…
The scourge of malicious deepfake creation has spread well beyond the realm of celebrities and public figures, and a new report on non-consensual intimate imagery (NCII) finds the practice only growing as image generators evolve and proliferate. “AI undressing” is on the rise, a report by social media analytics firm Graphika said on Friday, describing the practice as using generative…
Adam Moskowitz, who has been the lead attorney in a number of civil cases involving crypto firms, filed a motion to take a deposition from former Binance CEO Changpeng “CZ” Zhao. In a Dec. 8 filing in United States District Court for the Southern District of Flordia Miami Division, Moskowitz said Zhao’s testimony would be “crucial to the claims and…
Solana’s upward momentum continued unabated into Friday, with SOL posting double-digit gains and Solana’s leading meme coin BONK extending its skyrocketing surge to another all-time high. Amid the price action, Solana NFTs are also seeing substantially more trading volume—even higher than on Ethereum. SOL popped as high as $73.85 early Friday, marking a new 19-month peak for Solana’s native cryptocurrency.…
The first phase of the Palau Stablecoin (PSC) Program has been declared a success by the country’s Ministry of Finance. More work on the United States dollar-pegged national stablecoin is planned with the goal of introducing the PSC on a national scale, according to a report released on Dec. 7. The three-month PSC project was carried out with the participation…
The countdown is underway for the United States Securities and Exchange Commission (SEC) to decide on approving the first spot Bitcoin exchange-traded fund (ETF) in the United States. After several delays, the regulator’s final deadline is approaching, with market participants anticipating a decision in early January 2024. In another sign that a green light may be forthcoming, companies awaiting approval…
Web3 protocol Blast has reached $823 million in total value locked (TVL) just weeks after its controversial launch in mid-November, with a 26.5% gain over the past seven days, according to data from DefiLlama. Behind Blast’s speedy growth is its unique business model. The protocol is a scaling solution for the Ethereum network and offers native yields to users who stake…
