‘It isn’t just criminals who want privacy’

Robert F. Kennedy Jr., who is challenging United States President Joe Biden for the Democratic nomination in the 2024 presidential election, has taken to Twitter again to share more of his thoughts on cryptocurrency. Kennedy criticized Biden on May 2 for calling the U.S. banking system “safe and sound” the previous day. “Today, bank stocks are crashing. The American people deserve more than glib assurances and perception management,” he tweeted. On May 3, Kennedy condemned the Biden administration’s proposed tax on crypto mining. An environmental lawyer, Kennedy called the proposed…

Artists face a choice with AI: Adapt or become obsolete

The artificial intelligence art gold rush began around 2018 when Christie’s auctioned “Portrait of Edmond Belamy” for an astounding $432,500. Since then, it has been an up-only journey for AI-generated images. “Théâtre D’opéra Spatial,” Jason Allen’s AI artwork, even won a prize at the Colorado State Fair art competition. This shows how AI-generated images have not only become more popular but also very sophisticated recently. But not everyone is happy about this development, and their concerns are valid. The evolution of AI art has sparked feisty debates around originality, authorship…

Bitcoin could rally 30% in the next month, says Canaccord Genuity

Crypto prices were a little sleepy to kick off the first week of May, but investors remain confident in its long-term up trend, and charts show there could be another short-term crypto rally underway, according to Canaccord Genuity. Bitcoin is on pace to end the week up less than 1%, according to Coin Metrics. Meanwhile, ether is looking to notch a 4% gain on the week, thanks in part to its meme-driven rally Friday . Bitcoin and ether ended April higher by 3.3% and 4.3%, respectively. However, there could be…

Tim Cook says Apple will weave AI into products as researchers work on solving bias

CEO Tim Cook gave a rare, if guarded, glimpse into Apple’s walled garden during the Q&A portion of a recent earnings call when asked his thoughts on generative artificial intelligence (AI) and where he “sees it going.”  Cook refrained from revealing Apple’s plans, stating upfront, “We don’t comment on product roadmaps.” However, he did intimate that the company was interested in the space: “I do think it’s very important to be deliberate and thoughtful in how you approach these things. And there’s a number of issues that need to be…

Top US Crypto Exchange Coinbase Rolls Out Official Trading Support for Ethereum-Based Cross-Chain Bridge Altcoin

Top US crypto exchange Coinbase is rolling out trading support for an under-the-radar cross-chain bridge altcoin built on Ethereum (ETH). The exchange’s customers can now trade Multichain (MULTI), a cross-chain protocol that aims to be “the ultimate router for Web 3.0.” Formerly known as Anyswap, the project launched in July 2020 and has processed $103.45 billion in total volume. It currently supports 92 different chains. Multichain currently ranks third among all cross-chain bridge projects in terms of total value locked (TVL), with $1.8 billion at time of writing, according to…

Kenya Proposes Tax Measures on Cryptocurrency Transactions and NFT Transfers

The Kenyan government’s proposal to tax cryptocurrency transactions, NFT transfers, and online advertising has sparked mixed reactions from the public. The move aims to generate revenue for the government’s budget and ensure that cryptocurrency traders contribute to the country’s tax revenue. However, some industry players have expressed concern about the proposed tax measures. According to reports, the government plans to impose a 3% tax on profits made from cryptocurrency trading. This move attempts to regulate the sector and ensure that cryptocurrency traders contribute to the country’s tax revenue. The lawmakers…

NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity

It’s possible that Blend has contributed to a short-term rise in the floor prices of some blue chip NFT collections, according to data from NFT marketplace OpenSea. Since May 1, the date that Blend launched, the floor price of the popular Bored Ape Yacht Club collection has increased from 47 ETH, or about $93,500, to about 50 ETH, or $99,400. As for its Mutant Ape Yacht Club, the floor price increased from about 10.5 ETH, or $20,900, to 11 ETH or $21,900. Source

BNP Paribas teams up with Bank of China to promote digital yuan usage

The French bank BNP Paribas is collaborating with the Bank of China (BOC) to promote China’s digital currency, the digital yuan, to its corporate clients, the South China Morning Post reported.  The partnership will enable BNP Paribas China’s corporate clients to connect with the BOC system, allowing users to manage their digital yuan wallets by linking them to their bank accounts, track transactions, and make payments using China’s digital currency via an e-CNY management system. The e-CNY management system also promises to make it easier and more convenient for clients…

The Debate Over the Environmental Impact of Cryptocurrency Mining

The environmental effects of cryptocurrency mining have become a prominent topic in recent years because to the worries of numerous scientists and activists. There are worries about the carbon footprint of cryptocurrency mining because it uses a lot of energy to mine Bitcoin and other cryptocurrencies. We’ll examine the controversy surrounding the environmental effects of bitcoin mining in this article. The Energy Requirement for Mining Cryptocurrencies It takes a lot of energy to mine Bitcoin and other cryptocurrencies, which is a challenging operation. This is due to the fact that…