Day: November 19, 2023

Meta dissolves responsible AI division amid restructuring

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Social media giant, Meta has reportedly disbanded its Responsible AI division, the team dedicated to regulating the safety of its artificial intelligence ventures as they get developed and deployed.  According to a report, many RAI team members have transitioned to roles within the Generative AI product division at the company, with some joining the AI Infrastructure team. Meta’s Generative AI team, which was established in February, focuses on developing products that generate language and images to mimic the equivalent human-made version. It came as companies across the tech industry poured…

Ripple’s James Wallis underscores CBDCs’ role in breaking financial barriers

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James Wallis, Ripple’s vice president for central bank digital currencies (CBDC) Engagements, has highlighted the role of CBDCs in advancing global financial inclusion in a brief video. Wallis clarifies that financial inclusion aims to extend financial services to individuals worldwide, especially those with low incomes and no ties to financial institutions. Wallis pinpointed key factors behind financial exclusion, which include, low incomes and a lack of existing ties with financial institutions, leading to the absence of a credit history. In regions with financial exclusion, banks are often commercial entities driven…

Bear market tides shifting; investors turn their attention to 3 crypto assets 

The crypto market is showing signs of recovery, with Bitcoin’s (BTC) recent surge to $37,000 sparking renewed interest among investors.  This positive shift can be attributed to the expectations surrounding the approval of a spot Bitcoin exchange-traded fund (ETF) in the U.S. Amidst these changes, three coins – Galaxy Fox (GFOX), Solana (SOL), and Polygon (MATIC)–are on investors’ radar. Introducing Galaxy Fox Investing in presale tokens can present opportunities for discerning investors.  Galaxy Fox, which raised over $120,000 in the ongoing presale, is conducting its presale and is being explored.…

Top 3 gainers after the ‘FTX crash bottom’

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It’s been a year since the demise of the FTX exchange — an event that’s now increasingly looking like it was the Bitcoin (BTC), which is up roughly 120% from a year ago. In November 2022, the FTX collapse wiped nearly $300 billion off the market cap, impacting several cryptocurrencies. The ones that suffered the most were tokens with deep financial ties to FTX, including Solana (SOL), Serum (SRM), and the exchange’s own token, FTX Token (FTT). Crypto market capitalization daily price chart. Source: TradingView But a year later, things have not…

OpenAI investors push for Sam Altman’s return as CEO: Report

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The board of directors at OpenAI is reportedly receiving criticism from investors over the decision to terminate its CEO Sam Altman. According to a November 19 Bloomberg report, citing people familiar with the matter, several investors of OpenAI – the artificial intelligence (AI) company behind chatGPT – are reportedly in contact with its largest shareholder, Microsoft, in an effort to reinstate Altman as CEO. On November 17, OpenAI announced the removal of Altman as CEO, with its chief technology officer Mira Murati stepping into the CEO position.  In a blog…

What are NFT DApps, and how to create and launch one?

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The synergy between NFTs and DApps creates a dynamic ecosystem where digital ownership, decentralized finance and programmable assets converge, offering innovative solutions across various industries. Intersection of NFTs and DApps Decentralized applications (DApps) and nonfungible tokens (NFTs) are two important components of the blockchain and cryptocurrency ecosystems. Despite their disparate functions, there are several instances in which they coincide and enhance one another. For instance, NFTs can be used in DApps to signify ownership or access privileges for both real and digital assets. DApps can tokenize unique goods, such as…

Bitcoin ETF approval nearing, but brace for more setbacks — BitGo CEO

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Mike Belshe, CEO of cryptocurrency exchange BitGo, has suggested that all indications are leaning toward a favorable outcome for a spot Bitcoin (BTC) exchange-traded fund (ETF). However, he emphasized that the journey ahead won’t be without challenges. In an interview with Bloomberg on Nov. 16, Belshe explained that based on discussions between firms seeking Bitcoin ETF approval and the United States Securities and Exchange Commission (SEC), he holds an optimistic view that approval is imminent. However, he pointed out that improving the market structure is a must before the SEC…

Bitcoin ETF approval nearing, but brace for more setbacks: BitGo CEO

Mike Belshe, CEO of cryptocurrency exchange BitGo, has suggested that all indications are leaning towards a favorable outcome for a spot Bitcoin (BTC) exchange-traded fund (ETF). However, he emphasized that the journey ahead won’t be without challenges. In an interview with Bloomberg on November 16, Belshe explained that based on the discussions taking place between firms seeking Bitcoin ETF approval and the United States Securities and Exchange Commission (SEC), he holds an optimistic view that approval is imminent. However, he pointed out that improving the market structure is a must…