Month: July 2023

AI systems used in deadly military operations in Israel: Report

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As tensions rise in the occupied territories and with Iran, the Israel Defense Forces are reportedly utilizing artificial intelligence (AI) to choose targets for air strikes and manage logistics during wartime. According to a Bloomberg report, officials in the Israeli military confirmed the use of an AI recommendation system by the military. This system reportedly analyzes vast amounts of data to assist in target selection for air strikes. Additionally, the Fire Factory, another AI model, reportedly swiftly assembles subsequent raids by calculating munition loads, prioritizing and assigning targets and proposing…

Gorilla Funds CEO explained how to make NFTs and web3 mainstream

The widespread adoption of NFTs could be on the horizon, but we need simple solutions for users, Gorilla Funds’ Jakob Sievers tells crypto.news at NFT Show Europe. Web3 is already poised to fundamentally transform the way we operate, according to Jakob Sievers, CEO of Gorilla Funds, a German-based web3 company, during his recent talk at NFT Show Europe in Valencia, Spain. Sievers gave real-world examples of potential NFT adopters, such as artists, event organizers, and fitness companies. He emphasized, however, that the absence of necessary tools hinders the journey to…

Senator Lummis urges clear crypto regulations after XRP ruling

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Senator Cynthia Lummis, a Republican from Wyoming, has taken to Twitter to emphasize the significance of a recent court ruling by Judge Analisa Torres, which declared that the Ripple-associated token XRP should not be considered a security. Senator Lummis highlighted that this ruling underscores the urgent need for Congress to establish a comprehensive and unambiguous regulatory framework for cryptocurrencies. Senator Lummis stressed the importance of the court ruling and its impact on cryptocurrency regulation in her tweet. She stated that the verdict reinforces the immediate requirement for Congress to provide…

US ‘dominates’ crypto startup funding in Q2: Report

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Despite facing regulatory scrutiny in the United States, crypto firms continue to innovate, with nearly half of all capital investments flowing towards U.S. crypto businesses, according to a recent report. Published by crypto investment firm Galaxy Digital on July 14, the report stated that US-based crypto start-ups had a significant share of interest from venture capital firms. “US-based crypto startups accounted for more than 43% of all deals completed and raised more than 45% of the capital invested by VC firms.” This was followed by the United Kingdom claiming 7.7%…

SEC could be waiting ‘years’ to file appeal in Ripple case: Brad Garlinghouse

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Ripple CEO Brad Garlinghouse believes the United States Securities and Exchange Commission (SEC) will face a prolonged process before having the chance to appeal Judge’s Torres favorable ruling in the case against Ripple.  On July 13, Judge Torres ruled partially in favor of Ripple Labs in a case brought forth by the Securities and Exchange Commission in 2020, ruling that the XRP (XRP) token is not a security regarding retail sales on digital asset exchanges. However, Torres ruled that XRP is a security when sold to institutional investors, as it…

XRP is not a security, Celsius CEO arrested on criminal charges…

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Top Stories This Week Judge rules XRP is not a security in SEC’s case against Ripple Ripple Labs scored a victory in a district court in New York on July 13, with Judge Analisa Torres ruling partially in favor of the company in a case brought forth by the U.S. Securities and Exchange Commission (SEC) dating back to 2020. According to court documents, Judge Torres granted summary judgment in favor of Ripple Labs, ruling that the XRP token is not a security, but only in regard to programmatic sales on…

‘Multichain was a big blow’, says Andre Cronje as Fantom TVL slumps

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Fantom’s co-founder Andre Cronje classified Multichain’s debacle as a “big blow” to the smart contract platform, which saw a sharp decline in activity in the past weeks as a result of Multichain’s problems.  According to data from DefiLlama, Fantom’s total value locked (TVL) dropped from over $364 million in early May to about $70 million on July 14. At its peak in 2022, Fantom’s TVL topped $7.5 billion. The price of its native coin Fantom (FTM) declined from $0.41 to $0.28 over the same period. “Multichain was a big blow, Cronje…

Bitcoin addresses with over 1 BTC hit ATH as XRP fuels altcoins rally

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Glassnode’s latest on-chain metrics show the number of bitcoin wallets holding over 1 BTC has hit a new all-time high (ATH), indicating investor optimism in the crypto markets. The court decision that XRP is not a security has brought about positive reactions from market participants, as it challenges the Securities and Exchange Commission’s (SEC) stance on token classification.  Ripple CEO Brad Garlinghouse has praised the ruling, asserting that it will likely positively affect other digital tokens…

Binance CEO Tweets Laughing Emoji As Top Crypto Exchange Reportedly Lets Go of More Than 1,000 Employees

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Top global crypto exchange Binance has reportedly axed more than 1,000 employees in recent weeks – and the company’s CEO, Changpeng Zhao, doesn’t seem too concerned about it. A Wall Street Journal report reveals the layoffs, citing a source familiar with the matter. A Binance spokesman confirmed the layoffs to the news outlet but declined to specify the total number of people the company plans to let go. “As we prepare for the next major bull cycle, it has become clear that we need to focus on talent density across…

Ron DeSantis vows to ban CDBCs in the US if elected president

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United States presidential candidate Ron DeSantis once again criticized central bank digital currencies (CBDCs), arguing against the possibility of a digital dollar in the country.  Speaking at the Family Leadership Summit on July 14, DeSantis promised to ban CBDCs in the U.S. if he is elected president. “If I am the president, on day one, we will nix central bank digital currency. Done. Dead. Not happening in this country,” he said during the event in Iowa, which featured six other Republican candidates. DeSantis is a vocal opponent of a digital…