Day: July 6, 2023

Elon Musk calls for AI regulatory oversight: Report

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Twitter’s executive chairman Elon Musk continues to push for more regulatory oversight of artificial intelligence, claiming it may be “smarter than all humans at everything” in the future. In a video keynote address at a Chinese government-backed AI conference on July 5, Musk reportedly noted that governments should be concerned about deep intelligence, urging regulators to step in to prevent its misuse. “I do think we should be very careful with development of, especially artificial general intelligence, or very deep intelligence […] Artificial general intelligence is a computer intelligence that…

Tom Brady’s NFT Venture Autograph Shifts Strategy Amid Struggles: NYT

CryptoX – Cryptocurrency Analysis and News Portal The firm’s revenue sank in 2022 amid the wider downturn in the digital asset market, according to the report, citing a person familiar with its finances. Autograph has laid off more than 50 employees, Insider reported in May and the Times confirmed in its report. Source The post Tom Brady’s NFT Venture Autograph Shifts Strategy Amid Struggles: NYT appeared first on CryptoX. CryptoX Portal

Is Web3 messaging going to replace WhatsApp and iMessage? Co-founder of XMTP explains

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Hashing It Out episode 24 explores Web3 messaging with Shane Mac, co-founder of XMTP — an open protocol and network for secure Web3 messaging — who explains the differences between Web2 and Web3 messaging. Mac also explains how Web3 messaging could spark major adoption for the entire industry moving forward, regardless of current user experience limitations.  Prior to XMTP, Shane founded Assist, which built the first business messaging for Facebook Messenger, Apple Business Chat, Google Business Messaging, and SMS. In this episode of Hashing It Out, Mac explains why he made…

Citi, HSBC, NY Fed’s Innovation Group See Merit in Digital Ledgers for Global Payments

Fitting somewhere in the middle of the debate between central bank digital currencies (CBDCs) and private stablecoins, the Federal Reserve Bank of New York’s New York Innovation Center (NYIC), which has collaborated on the project since last year, concluded that “the network has the potential to deliver improvements in the processing of  wholesale payments due to its ability to synchronize U.S. dollar-denominated payments and facilitate settlement on a near-real time, 24 hours a day, 7 days a week basis.” Source

UAE now accounts for 3.7% of the global bitcoin mining activity

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recent data published by Hashrateindex indicates that the United Arab Emirates (UAE) is carving out market share from the global bitcoin mining sector. This development can be attributed to the their proactive adoption of web3 technologies and increasing access to renewable energy sources. UAE emerges as a serious player in bitcoin mining The UAE is known for its support of innovative technologies. With heavily subsidized electricity tariffs for specific sectors, the country has seen widespread home-based crypto mining…

Bittrex may still face enforcement action in Florida amid bankruptcy

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The Florida Office of Financial Regulation is considering action against United States-based cryptocurrency exchange Bittrex, which filed for Chapter 11 bankruptcy protection in May. In a July 5 filing with the U.S. Bankruptcy Court for the District of Delaware, Florida Office of Financial Regulation (OFR) assistant general counsel Brandon Greenberg said the state regulator had been given information on Bittrex’s alleged failure to comply with Florida law. According to Greenberg, the OFR still had the “administrative discretion” to charge or not charge Bittrex. The U.S. Securities and Exchange Commission filed…