The gold mining industry struggles to sustain production growth due to declining new deposits, reports the World Gold Council (WGC). Despite a 4% increase in first-quarter production in 2024, overall growth has plateaued since 2016. In 2023, mine production rose by only 0.5%, following 1.35% in 2022 and 2.7% in 2021, with a decline of […] Source: https://news.bitcoin.com/gold-production-struggles-despite-2024-q1-surge/
Australian Parliament Member Andrew Charlton said he believes blockchain technology could add $60 billion to the economy. Source: https://cointelegraph.com/news/australia-needs-blockchain-flip-productivity-freeze-politician-says
The U.S. Federal Trade Commission (FTC) has issued a warning about cryptocurrency romance scammers who offer investment advice. The FTC emphasizes the risks involved and urges immediate reporting and caution to protect others. “They establish an emotional connection with you so you’re more likely to believe that they’re an expert in cryptocurrency investing, for example,” […] Source: https://news.bitcoin.com/ftc-warns-of-crypto-scams-from-online-love-interests/
HSBC Bank (China) Ltd. announced on Friday the launch of digital yuan (e-CNY) services for corporate clients, becoming one of the first international banks to provide these services to both corporate and retail customers. The e-CNY, or digital yuan, is China’s central bank digital currency (CBDC) issued by the People’s Bank of China (PBOC). Following […] Source: https://news.bitcoin.com/hsbc-china-introduces-digital-yuan-services-for-corporate-clients/
Musk called it an “unacceptable security violation” and even said the Apple block could extend to visitors to his company’s headquarters. Source: https://cointelegraph.com/news/apple-chatgpt-integration-could-see-elon-musk-ban-iphones
South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July 19, 2024. FSC Issues New NFT Classification Guidelines On Monday, South Korea’s top […] Source: https://news.bitcoin.com/south-korean-regulator-excludes-certain-nfts-from-crypto-regulations/
While OpenAI’s forthcoming Sora AI video generation tool has creatives both tantalized and horrified, a new player has emerged that has many AI enthusiasts crowing about its capabilities. Developed by Kuaishou, a Chinese tech giant and competitor to TikTok, Kling is also already available—with some caveats. Kling’s capabilities surpass the competition in several significant ways. Kling can generate videos up…
Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister. She remains instrumental in shaping India’s economic policies, including cryptocurrency regulation and taxation. Nirmala Sitharaman Reappointed as Finance Minister Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister, extending her tenure that began in 2019. Sitharaman, who delivered her sixth […] Source: https://news.bitcoin.com/modi-reappoints-nirmala-sitharaman-as-indias-finance-minister-investors-remain-concerned-over-high-crypto-taxes/
Elon Musk has threatened to ban Apple devices at his companies after the tech giant announced that it would integrate OpenAI’s flagship AI model, ChatGPT, across its product line—potentially billions of iPhones, Macs, and iPads. “If Apple integrates OpenAI at the OS level, then Apple devices will be banned at my companies,” Musk posted to Twitter following Apple’s AI announcements…
The U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) have unveiled charges against three UK nationals for a fraudulent non-fungible token (NFT) scheme involving “Evolved Apes,” promising a game development and pocketing investors’ funds. “They allegedly took investor funds, never developed the game, and pocketed the proceeds.” US Charges 3 UK […] Source: https://news.bitcoin.com/doj-and-fbi-unveil-charges-against-3-uk-nationals-in-nft-rug-pull-scam/
