Day: April 21, 2023

Crypto firms alleged to have faked execs using AI and actors: Cali regulator

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A number of firms claiming to offer artificial intelligence-assisted crypto trading services have been hit with allegations of being “fraudulent investment schemes” by a California financial regulator, with two accused of using actors and AI to impersonate CEOs. On April 19, the California Department of Financial Protection and Innovation issued desist and refrain orders against five entities purporting to use AI to trade crypto assets — Harvest Keeper, Visque Capital, Coinbot and QuantFund, along with Maxpread Technologies and its CEO Jan Gregory Cerato. Scammers like to deceive investors by using phony…

Saudi Arabia May Join De-Dollarization Shift as US Dollar Is Now ‘Unreliable and Dangerous’ – Economics Bitcoin News

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A University of Tehran professor and member of Iran’s Presidential Delegation to China has stressed the importance of de-dollarization for the international community. “The dollar has been used as a weapon by the U.S. against different countries. It is unreliable and it is dangerous,” the professor warned. Iranian Professor Stresses the Importance of De-Dollarization Professor Mohammad Marandi discussed de-dollarization and Iran’s relations with Saudi Arabia and China in an interview with Chinese government-owned news outlet Global Times, published Wednesday. He is an Iranian American academic who is the University of…

Euro stablecoin faces centralization criticism

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Criticism has been leveled at a new euro-pegged stablecoin released in France due to a decision to restrict peer-to-peer transactions. French bank Societe Generale-Forge (SGF) released the Ethereum-based stablecoin called EUR CoinVertible (EURCV) on April 20 which is available to only qualified institutional clients. According to observers who reviewed its smart contract code, ERC-20 transfers need to first be approved by a centralized registrar — presumably one controlled by the bank — before the transaction is processed. In an April 20 tweet, pseudonymous smart contract engineer “alephv.eth” explained: “They coded…

Commodity Strategist Warns US Economy Heading Toward ‘Severe Deflationary Recession’ – Economics Bitcoin News

Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, the Fed has already been easing, and they’re still vigilant against that,” he cautioned. Strategist Says We’re ‘Heading Towards a Severe Deflationary Recession’ Mike McGlone, a senior commodity strategist for Bloomberg Intelligence (BI), the research arm of Bloomberg, warned in an interview with Yahoo Finance Live last week that the…

SAI․TECH Press Conference Reveals Plans to Boost AI and BTC Computing Power, Expand Into Nuclear SMR and DEX Technology – Press release Bitcoin News

PRESS RELEASE. SINGAPORE – SAI.TECH Global Corporation, a clean-tech company specializing in Bitcoin mining, heating, and power industry, hosted its virtual corporate annual conference, SAITIME 2023 on April 20th at 08:30 EST. The virtual conference was hosted by founder & CEO Arthur Lee and was live-streamed on YouTube and Zoom. Live tweets and discussions were also hosted on Twitter. The conference featured the consolidation of the SAIHUB solution, which aims to build a cleaner world through the green transition of the computing industry and the research and promotion of small…