Month: April 2023

Over half of Americans fear ‘major impact’ by AI on workers: Survey

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Nearly two-thirds (62%) of Americans think implementing artificial intelligence (AI) in the workplace will have a “major impact” on American workers within the next 20 years, leaving many employees “wary” and “worried” about what their future holds. An April 20 Pew Research report found 56% of the 11,004 adults surveyed in the United States said AI will have a major impact on the U.S. economy too. Another 22% believed AI will impact the economy to a minor degree. Only 13% of participants believed “AI will help more than hurt” American…

Bancor’s new decentralized exchange Carbon is live

Bancor has just launched a new decentralized exchange, Carbon, bringing easier automated on-chain trading. Carbon is bringing unprecedented control and automation Bancor’s new decentralized exchange, Carbon, is now live and ready for traders to bring in their trading strategies. After losing investors’ trust, decentralized exchanges (DEXs) are regaining their preference over centralized ones. However, DEXs are not without their issues. One of these is the concentrated liquidity model that Uniswap V3 popularized. The model required liquidity providers (LPs) to provide liquidity in a continuous price range which can be high-risk…

Arkansas Makes Gold, Silver Legal Tender; 23 States Involved in Similar Legislation to Establish US Dollar Alternatives – Economics Bitcoin News

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A bill signed into law on April 11 has made gold and silver legal tender in the U.S. state of Arkansas, allowing citizens to use gold and silver coins to pay debts. The bill also clarifies that gold and silver “specie” (coins) will not be considered property for tax purposes, and transactions made with these precious metals will not result in tax duties. Arkansas Embraces Gold and Silver as Legal Tender The state of Arkansas has moved to make gold and silver function as legal tender in its territories. The…

SEC’s ‘brute force’ crypto regulation attempt is ‘bad policy’ — Paradigm

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Criticisms of the United States Securities and Exchange Commission (SEC) are mounting as the agency remains unrelenting in its war on crypto. On April 21, Web3 venture capital firm Paradigm published a policy piece on the problems with SEC registration. It claimed that SEC chair Gary Gensler’s “attempt to brute force crypto assets that may not even constitute ‘securities’ into an ill-fitting disclosure framework is bad policy.” The firm, which invests hundreds of millions into crypto and Web3 startups, said the SEC fails to provide crypto asset users and investors…

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…