Day: July 25, 2023

Worldcoin (WLD) could face regulatory inquiries in UK

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following its recent launch, Worldcoin (WLD), a crypto project co-founded by OpenAI’s CEO Sam Altman, could be facing inquiries from the UK’s data regulator.  The Information Commissioner’s Office (ICO), a body that focuses on data protection in the United Kingdom, revealed that it is planning to look into the Worldcoin project, according to a Reuters report from July 25.  Worldcoin, which went live on Monday, July 24, has faced criticisms mainly due to its iris-scanning feature.…

Trademark attorney predicts legal fights ahead with Twitter’s rebrand to X

boss

Josh Gerben, a trademark attorney with Gerben Intellectual Property, has suggested the company formerly known as Twitter could spend upwards of $100 million in dealing with litigation as a result of the X rebranding. In a July 25 X thread, Gerben predicted that lawsuits against X related to trademark infringement could appear in United States courtrooms “in the next few weeks” with legal problems on the international stage likely to be a “very big issue” for years. U.S.-based companies including Microsoft and Meta already own similar ‘X’ trademarks for different…

Researcher envisions smart education system built with blockchain, DAOs, NFTs and AI

Mehmet Fırat, a researcher at Anadolu University in Turkey, recently published research envisioning a multi-tech solution to the problems challenging the traditional educational system called the “Smart Open Education Ecosystem” (SOEE). The research combines blockchain, decentralized autonomous organizations (DAOs), nonfungible tokens (NFTs), multimodal learning analytics and artificial intelligence (AI) to form a self-contained educational ecosystem. The interconnected learning system, screenshot. Source: Fırat Per a research paper authored by Fırat and published on July 25, “Equity, fair opportunity, and access issues can be considered among the most significant handicaps of education…

OpenAI creator launches Worldcoin

boss

In the latest episode of The Market Report, analyst and writer Marcel Pechman discusses the Worldcoin token launch, why it is controversial, and the differences between it and most altcoins. According to the analysis, investors should take time to understand the project before even considering an investment. Looking at the tokenomics of the Worldcoin token, launched on July 24, there are two absolute outliers. Firstly, the extremely high volume overtook the market cap, as the token reportedly traded 1.6 times its entire capitalization in the first 24 hours. How’s that…

AI Creates Security Risks and Attack Vectors. Can Blockchain Help?

One can even imagine, for example, the U.S. Treasury Department’s Financial Crime Enforcement Network (FinCEN) using blockchain technology to create databases of financial records and dealings, and then applying an AI algorithm to analyze the data to detect cases of fraud or other abnormalities. In this scenario, the two technologies operate independently of each other, rather than being integrated into a single tool, product or platform. Source link

Ducati Partners With Ripple, Prepares To Launch NFT Collection On XRP Ledger

Following a long-term interest in Web3, Ducati partnered with payment company Ripple and is set to launch its first non-fungible token (NFT) collection on the XRP Ledger this week. This step is the motorcycle company’s first venture into the Web3 space and blockchain technology. Ducati Delves Into Web3; Prepares To Launch First NFT Collection Ducati, a renowned motorcycle manufacturer established in 1926, is set to enter the world of Web3 by launching its first-ever digital collectibles on the XRP Ledger. The Bologna-based firm believes this step is essential to strengthen…

Bitcoin price is down, but data signals that $30K and above is the path of least resistance

boss

On July 24, Bitcoin experienced a flash crash, plummeting to $29,000 in a movement now attributed to significant Bitcoin holders potentially liquidating their positions.  Amid the crash and market uncertainty, Bitcoin’s (BTC) three major trading metrics continue to project a bullish outlook, signifying that professional traders have not reduced their leverage longs through the use of margin and derivatives. Analytics firm Glassnode reported a surge in whales’ inflows to exchanges, reaching their highest level in over three years at 41% of the total BTC inflows. This forceful sell-off from whales alarmed investors,…

Will Crypto Enthusiasts Leave Twitter for Meta’s Threads?

At the end of the day, Threads may replace X for members of the general public, but it probably won’t replace Crypto Twitter, which is composed of people who stay curious, value decentralization and collaborate on open-source protocols in the hopes of inching us towards a vision of a user-owned internet. Perhaps the next platform that lures us away from our glitchy Twitter Spaces and novel-length tweet threads won’t come from Meta, but rather from a handful of developers working in stealth mode right now. Source

Zero-knowledge tech development heats up amid bear market

boss

Zero-knowledge (ZK) proofs, or cryptographic methods that allow one party to prove to another party that something is true without revealing any sensitive underlying private information, have been a hot topic of discussion among crypto veterans. At last week’s zkDay event as part of EthCC Paris, over 2,000 attendees arrived at a small venue by Rue l’Aubrac to catch a glimpse of the latest ZK projects on display. P0x Labs, the developer behind ZK protocol Manta Network, even announced a $25 million raise during the event.  Currently, the technology has…