Day: September 14, 2023

California Lawmaker Introduces Bill 459 to Protect Actors and Artists from AI Exploitation

Kalra expressed deep concern about the unauthorized use of AI to create digital replicas of actors and artists. California legislator Ash Kalra has introduced Assembly Bill 459 (AB 459) with the primary aim of safeguarding actors, artists, and entertainers within the entertainment industry from potential artificial intelligence (AI) risks, particularly generative AI. The bill’s central objective is to mandate the inclusion of consent clauses in employment contracts within the entertainment industry when considering the use of digital replicas or AI-generated content featuring artists or their likenesses. Kalra, expressing deep concern…

Paxos mistakenly paid over $500k for one Bitcoin transaction

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Blockchain infrastructure platform Paxos is said to be behind what appears to be the largest fee paid for one Bitcoin transaction. Paxos, a New York-based regulated blockchain firm behind stablecoins PYUSD, BUSD and USDP, appears to be the entity that overpaid $500,000+ to move just 0.074 BTC (~$1,911 at that time) to Binance. As crypto.news reported, the transaction — registered on Sept. 10 at 5:04 AM (UTC) — was first spotted by Whale Alert, a service that tracks crypto transactions. An unidentified entity paid a whopping 19.82 BTC (~$511,512), while Bitcoin’s…

Safeguarding Wealth in the Digital Age – Blockchain News, Opinion, TV and Jobs

In the ever-evolving landscape of finance and investment, the debate over where to place one’s wealth has taken on new dimensions with the advent of cryptocurrencies. Traditional commodities like gold and silver have long been seen as safe havens for preserving wealth, while cryptocurrencies like Bitcoin and Ethereum offer a new frontier of potential prosperity. This article will delve into the nuances of crypto security vs. commodity investments, exploring the advantages and risks associated with each option. The Timeless Appeal of Commodities Commodities as a Wealth Preservation Tool For centuries,…

Circle Partners with Grab to Pilot Web3 Experience

Circle co-founder and CEO Jeremy Allaire expressed delight at seeing major Web2 companies integrating blockchain technology. USDC issuer Circle has announced its partnership with Southeast Asian technology startup Grab to pilot Web3 customer experiences in Singapore. Established in 2012 as MyTeksi, Grab app is a multinational technology company that operates from out of Singapore and serves the entire South Eastern region. The company has a super-app that allows ride-hailing, door-to-door food delivery, and digital payments. Its services are available in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand and Vietnam.…

Sui Network adds Google, Twitch, and Facebook logins for dapps

The Sui Network aims to simplify web3 access, enabling user registrations on its apps without managing an external crypto wallet or seed phrase. In a press release dated Sept. 13, the Sui Foundation revealed that users can now access decentralized applications (dapps) using their Google, Facebook, and Twitch login credentials, facilitated by the newly introduced zkLogin (Zero Knowledge login) feature. This latest move is expected to allow users to navigate the web3 space with the same familiarity as other online platforms, bypassing the complexities of managing web3 wallets. “By enabling…

Solana Gains 5% Despite CPI Latest Data And FTX Liquidation Approval

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Solana (SOL) has recorded a 5% gain in the last 24 hours amidst certain concerning developments in the crypto space. On Wednesday, the United States published its Consumer Price Index (CPI) data for August, which shows that inflation rose from 3.2% to 3.7%, higher than the predicted outcome by analysts. In addition, the bankrupt FTX exchange obtained court approval to liquidate its crypto holdings worth $3.4 billion as it looks to offset its debt. Normally, developments such as this are expected to induce a selling pressure on crypto assets.  However, the…

Goldman Sachs dismisses AI bubble, predicts upcoming revolution

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Goldman Sachs has firmly maintained that an artificial intelligence (AI) bubble doesn’t exist, despite concerns persist among analysts regarding the significant surge in AI market interest and the resulting spike in tech stocks. On the contrary, the financial powerhouse believes we stand on the verge of an AI revolution, rather than the anticipated bubble. The recent upswing in AI stock prices has led some to draw parallels with the late 1990s dot-com bubble, a comparison that Goldman Sachs strongly rejected in a recent publication. Peter Oppenheimer, Goldman Sachs’ Chief Global…

Share information to protect children and young people at risk, urges UK Information Commissioner

Organisations will not get in trouble if they share information to protect children and young people at risk of serious harm, the UK Information Commissioner’s Office (ICO) has promised. This message comes as the ICO publishes new guidance to address concerns from organisations and frontline workers that may be scared to share information for fear of falling foul of data protection law. The need to improve data sharing practices has been highlighted in recent serious case reviews in the UK where children have died or been seriously harmed through abuse…

Ripple Explains Why It Fast-Tracked Fortress Trust Acquisition

A multimillion-dollar security incident involving a Fortress third-party vendor took place in the hours leading to the takeover by Ripple. Ripple has shared the reason behind its accelerated acquisition of Fortress Trust which took place on September 8. According to the financial technology company, the deal was already on the table, albeit without any urgency to it. However, a multimillion-dollar security incident involving a Fortress third-party vendor took place in the hours leading to the takeover by Ripple. That was what necessitated the need to speed up things as it…