Day: June 1, 2023

Japan’s All Nippon Airways ventures into NFTs

On May 30, All Nippon Airways (ANA), Japan’s top airline, unveiled ANA GranWhale NFT, an aviation-themed non-fungible token (NFT) marketplace. The debut collection features the captivating work of renowned aerial photographer Luke Ozawa. A photo turned NFT ANA is the largest airline in Japan, reporting revenues of $12.2 billion last year. To continue creating interesting customer experiences, the company shared its plans to introduce its NFT line. On May 30, the aerial photographer Luke Ozawa’s digital photograph will be transformed into a non-fungible token (NFT). As part of this release,…

Winklevoss twins’ crypto exchange Gemini to seek UAE crypto license

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The Winklevoss-owned crypto exchange Gemini has announced that it has begun the process of acquiring a crypto service license for customers in the United Arab Emirates (UAE). In a May 31 blog post, Gemini cited increased enthusiasm for cryptocurrencies among citizens and positive conversations with regulators of the UAE as the reason for pursuing the license.  Additionally, Gemini co-CEOs Cameron and Tyler Winklevoss told Zaywa that the move was spurred on after experiencing “hostility and a lack of clarity” on crypto regulation in the United States. 1/ We’re coming to…

Japanese AI experts raise concern over bots trained on copyrighted material

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Japanese artificial intelligence experts and researchers are urging caution over the use of illegally-obtained information to train AI, which they believe could lead to “a large number of copyright infringement cases,” job losses, false information, and the leaking of confidential information. On May 26, a draft from the government’s AI strategy council was submitted, raising concerns about the lack of regulation around AI, including the risks the tech poses to copyright infringement. According to Japanese lawmaker Takashi Kii on April 24, there are currently no laws that prohibit artificial intelligence…

Missing ‘Bitcoin Millionaire’ and ONFO coin co-creator found dead: Report

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The co-founder of referral-based crypto project ONFO coin who went missing in Missouri on May 21, has been found dead around a week later on May 30 with an apparent gunshot wound, though police don’t currently suspect foul play.  Dr. John Forsyth, a crypto advocate and emergency room doctor was feared missing by relatives after not showing up to his shift at the Mercy Hospital in Cassville. His family launched an appeal on his whereabouts on social media soon after. Speaking to the Daily Beast at the time, his younger…

SEC accepting ethereum for penalty payment

The U.S. Securities and Exchange Commission (SEC) is accepting ethereum as part of a penalty payment in a recent fraud case, while maintaining the classification of the digital asset as a security. In an unexpected twist of events, the Securities and Exchange Commission (SEC), the federal agency responsible for overseeing and regulating the securities industry, has started accepting penalty payments in ethereum (ETH) even as they continue to categorize the cryptocurrency as a security. In a recent criminal case, Ishan and Nikhil Wahi pled guilty to conspiracy to commit wire…

Blackrock CEO issues dire warning over ‘debt ceiling drama’ — Bullish for Bitcoin?

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Blackrock CEO Laurence Fink believes the recent “drama” around the United States debt ceiling has deteriorated global trust in the U.S. dollar, something that other analysts predict could provide some tailwinds for Bitcoin (BTC). Fink’s comments come as U.S. lawmakers passed a highly-anticipated bill to lift the $31.4 trillion debt ceiling on June 1. The U.S. Treasury indicated that the deadline for raising the debt ceiling was June 5. Any later, the country could begin defaulting on its debts. 314-117: The House passes the Biden-McCarthy debt ceiling agreement, raising the debt…

Bitcoin’s creator has become an AI chatbot

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Satoshi Nakamoto may have effectively disappeared over 12 years ago, but two artificial Intelligence dabblers are seeking to revive the ability to chat with the famed Bitcoin (BTC) creator. On May 31, Bitcoin FilmFest co-organizer Pierre Corbin and the chatbot’s co-developer Hugo Ferrer — released “Talk2Satoshi” — an AI chatbot that aims to answer questions about Bitcoin and economics as if they came from Nakamoto. Announcing my newest project! Together with @HugoFerrer_, we’ve spent the last few weeks working on something that has been missing in #bitcoin: the Bitcoin GPT.…

Bitcoin BTC Price Settles Above $27K After Early Wednesday Dip Amid Rate Hike, Inflation Worries

In a Telegram message to CoinDesk, Strahinja Savic, head of data & analytics at crypto-focused, institutional capital markets and advisory platform FRNT Financial, noted that stocks and cryptos had fallen together instead of diverging as they have over the past couple of months. “Today crypto dips with risk assets, tomorrow it may not,” Savic wrote. “What we can say is that the technical range has been clearly set between a downside range of $25K to $26K, and a breakout would occur decisively above $31K. Most other activities are likely noise.”…

Magic raises $52m despite crypto bear market

Non-custodial wallet-as-a-service provider, Magic, has secured $52 million in funding in a recent funding round, despite challenging bear market conditions. The funding, led by PayPal Ventures and joined by Cherubic, Synchrony, KX, Northzone, and Volt Capital, will support Magic’s efforts to expand its enterprise-ready product suite and facilitate the adoption of web3 technology. Supporting web3 adoption Magic has positioned itself as a provider of tools to assist companies in transitioning customers to the web3 ecosystem. By offering an enterprise-grade solution, Magic aims to simplify the migration process, enabling various possibilities…