The U.S. Federal Trade Commission is putting companies on notice—if businesses try to fool customers by overstating what their AI can do, they’ll face serious consequences. Also known as AI washing, the FTC announced Tuesday it had filed complaints against five companies that it said used the hype around AI to target consumers with deceptive offers. “Using AI tools to…
Bitcoin lost momentum as weak macroeconomic data, fear of a stock market correction, and worries over the upcoming US elections impacted investor sentiment. Source: https://cointelegraph.com/news/3-reasons-why-bitcoin-btc-struggles-to-hold-64-5-k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Truflation’s team said that no customer funds were stolen in the security breach. Source: https://cointelegraph.com/news/truflation-loses-estimated-5-million-malware-attack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A Russian digital services expert has predicted a future where passport-based identification for Internet access becomes the norm, citing a broader trend towards the de-anonymization of online spaces. His comments follow a move by Telegram to disclose user data during rule violation investigations, reflecting a significant shift in how anonymity is handled on the web. […] Source: https://news.bitcoin.com/russian-expert-discusses-end-of-internet-anonymity-with-passport-based-access/
Bitcoin continues to face selling near $65,000, but the intensity seems to be reducing, paving the way for an upside breakout. Source: https://cointelegraph.com/news/price-analysis-9-25-btc-eth-bnb-sol-xrp-doge-ton-ada-avax-shib?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
AI enthusiasts, rejoice: There’s a new multimodal, large learning model for you to play with. Seattle-based non-profit AI research outfit, the Allen Institute for AI (Ai2), just introduced Molmo, a family of multimodal artificial intelligence models that promise to rival the capabilities of proprietary vision-based offers from major tech companies like Openai and Anthropic. Multimodal refers to the ability to…
Congressman Warren Davidson has introduced the Evaluating Defi Opportunities Act to foster data-driven regulations for decentralized finance (defi). He stressed the importance of safeguarding innovation and user privacy while addressing concerns over potential overregulation. This proposed study by key financial regulators seeks to balance defi’s growth with oversight, ensuring the sector’s competitive edge and resilience […] Source: https://news.bitcoin.com/lawmaker-introduces-defi-bill-calls-decentralized-finance-essential-to-future-of-markets/
Not long after Federal Reserve officials coaxed Bitcoin’s price higher with a rate cut in the U.S., global markets are now digesting what is reportedly the largest stimulus package from the People’s Bank of China since the COVID-19 pandemic. China’s central bank unleashed a wave of stimulus measures Tuesday, described as a “policy bazooka” in the South China Morning Post.…
The Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest rates for the fifth time this year. The naira dropped to NGN1,658 per dollar on the official foreign exchange market after the CBN increased the benchmark lending rate by 50 basis points. On the parallel […] Source: https://news.bitcoin.com/nigerian-currency-plunges-after-central-bank-rate-hike/
Saudi Arabia has emerged as the fastest-growing crypto economy in the Middle East and North Africa (MENA) region for the second consecutive year. Unlike other MENA countries, Saudi Arabia’s and Qatar’s crypto activity primarily stems from decentralized finance platforms. The majority of MENA’s crypto activity is driven by institutional and professional investors. Saudi Arabia’s Youth […] Source: https://news.bitcoin.com/saudi-arabia-leads-mena-in-crypto-growth-for-second-year-running/
