Australia has introduced voluntary AI safety standards aimed at promoting the ethical and responsible use of artificial intelligence, featuring ten key principles that address concerns around AI implementation. The guidelines, released late Wednesday, emphasize risk management, transparency, human oversight, and fairness to ensure AI systems operate safely and equitably. While not legally binding, the country’s standards are modeled on international…
The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures. Source: https://cointelegraph.com/news/united-texas-bank-cease-and-desist-order-crypto-firms?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compliance and safeguard crypto assets, with severe penalties for violations, including life imprisonment for profiting over five billion won illegally. South Korea’s Financial […] Source: https://news.bitcoin.com/south-korean-regulator-unveils-plan-to-inspect-crypto-exchanges-for-illegal-practices/
Robinhood Crypto LLC has agreed to pay $3.9 million to settle claims it failed to let customers withdraw cryptocurrency from their accounts between 2018 and 2022. Source: https://cointelegraph.com/news/robinhood-multimillion-california-settlement-crypto-withdrawal-block?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The project has teased a partnership and collaboration with DeFi protocol AAVE, possibly indicating World Liberty Financial will be built on the Ethereum blockchain. Source: https://cointelegraph.com/news/trump-family-defi-project-ensure-us-dollar-dominance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The FBI has issued a new warning about North Korea’s cyber campaigns targeting the cryptocurrency sector. The agency highlighted the use of sophisticated, hard-to-detect social engineering tactics to deploy malware and steal digital assets. North Korean hackers are reportedly focusing on decentralized finance (defi) platforms and cryptocurrency exchange-traded funds (ETFs). FBI Warns of North Korean […] Source: https://news.bitcoin.com/fbi-warns-of-sophisticated-north-korean-cyber-attacks-targeting-crypto-defi-etfs/
Notorious crypto phishing app Angel Drainer is back with a new system dubbed “AngelX” and it’s easier to use and stealthier than ever before. Source: https://cointelegraph.com/news/angel-wallet-drainer-is-back-with-300-malicious-d-apps-and-counting-block-aid?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A law professor at the East China University of Political Science and Law has highlighted the urgent need for China to standardize procedures for recovering illicit digital assets due to a rise in cryptocurrency-related crimes. He stressed the lack of uniform standards complicates asset recovery and urged for comprehensive guidelines and international cooperation to manage […] Source: https://news.bitcoin.com/china-urged-to-establish-unified-crypto-regulations-for-seized-digital-assets/
The U.S. Department of Justice has seized 32 internet domains connected to a Russian disinformation campaign that used artificial intelligence and fake influencers to target U.S. citizens ahead of the 2024 election, the agency said on Wednesday. According to the agency, Russian entities used cybersquatting and AI-generated content to spread disinformation targeted at Americans—an ongoing influence campaign designated “Doppelganger.” “Today’s…
Outlier Ventures’ new report claims the four-year Bitcoin halving cycle “is dead,” arguing that halving events no longer significantly impact bitcoin’s price due to a maturing crypto market. The report suggests the influence of halvings diminished after 2016, with recent price movements driven more by Bitcoin ETFs and macroeconomic factors, such as the post-Covid capital […] Source: https://news.bitcoin.com/bitcoin-halving-events-no-longer-drive-btc-price/
