Tag: Report

U.S. Senate wants companies to report investments in Chinese technologies

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The United States Senate came together on July, 25 to back bipartisan legislation which mandates U.S. companies to report any investments in Chinese technologies.  In an overwhelming vote of 91 to 6, the Senate supported the amendment to the National Defense Authorization Act (NDAA), which is anticipated to be implemented as a law later in the year. The amendment will require U.S. companies to notify federal agencies of outbound investments in Chinese technologies including semiconductors – used to create artificial intelligence (AI)- and AI itself. Democratic Senator Bob Casey and…

Crypto Exchange KuCoin to ‘Adjust Some Personnel as Needed’, but Denies Report of Major Layoffs

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In a statement to CoinDesk, a spokesperson for KuCoin said that the company has “not initiated any alleged layoff plans.” However, the spokesperson said that “as part of the company’s business development and semi-annual employee performance review, there might be some personnel adjustments as needed, which is a normal process in organizational development.” Source

Crypto Exchange KuCoin to ‘Adjust Some Personnel as Needed’, but Denies Report of Major Layoffs

CryptoX – Cryptocurrency Analysis and News Portal In a statement to CoinDesk, a spokesperson for KuCoin said that the company has “not initiated any alleged layoff plans.” However, the spokesperson said that “as part of the company’s business development and semi-annual employee performance review, there might be some personnel adjustments as needed, which is a normal process in organizational development.” Source The post Crypto Exchange KuCoin to ‘Adjust Some Personnel as Needed’, but Denies Report of Major Layoffs appeared first on CryptoX. CryptoX Portal

Worldcoin may face UK data regulators inquiry days after launch: Report

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The newly launched controversial crypto and ID project Worldcoin could face inquiries from data regulators in the United Kingdom as it raises concerns over privacy and critical biometric data safety, according to a Reuters report. The Information Commissioner’s Office (ICO) — the U.K.’s data regulatory body — acknowledged the launch of the crypto project in the country, and said it would examine the project and make further inquiries concerning data laws, reported Reuters. When Cointelegraph reached out to the ICO to ask about its reported probe into Worldcoin, the agency declined…

Liquid staking claims top spot in DeFi: Binance report

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Liquid staking is a decentralized finance (DeFi) subsector that lets users earn yield by staking their tokens without losing their liquidity. It has become the biggest DeFi sector in terms of total value locked (TVL), according to crypto exchange Binance’s Half-Year Report 2023.  Within the report, the crypto exchange highlighted that liquid staking had dethroned decentralized exchanges (DEXs) as the top-ranking DeFi category by TVL as of April 2023.  The staking mechanism was a crucial part of staking Ether (ETH) before the Ethereum Shanghai upgrade when users were unable to…

Terraform Labs appoints new CEO from existing team: Report

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As the co-founder of Terraform Labs, Do Kwon, is facing possible extradition to South Korea or the United States from a jail cell in Montenegro, the company has appointed a new CEO. Kwon still remains the principal shareholder of Terra.  According to The Wall Street Journal, U.S. citizen Chris Amani is Terra’s new CEO. Amani has worked for Terra since 2021, serving as a chief operating officer and chief financial officer. Before that, he was a CEO at the scheduling solution provider Humanity. According to Amani’s LinkedIn, he’s been working…

Crypto Exchange Binance Hits Pause on Certain Employee Perks, Cites Decline in Profits: Report

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Top global crypto exchange Binance is reportedly eliminating some employee benefits due to a decrease in profits. Anonymous former company employees told the Wall Street Journal that the exchange sent out an email last month announcing it was putting a stop to work-from-home expenses and reimbursements for mobile phones and fitness, among other benefits. The WSJ also viewed a message from Binance’s internal messenger that confirmed those details.  Said the message, “Considering the current market environment and regulatory climate that has unfortunately led to a decline in profit, we have…

Apple has its own GPT AI system but no stated plans for public release: Report

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Apple’s reportedly working on its own generative pre-trained transformer (GPT) artificial intelligence (AI) model. However, there’s no indication that the company has any plans to launch it to the public. Per a July 19 report from Bloomberg, Apple’s internal GPT system is called “Ajax.” It’s purportedly similar to OpenAI’s ChatGPT and Google’s Bard. Apple has a longstanding reputation for developing its products inside of a walled garden. While “Ajax,” which Bloomberg reports some engineers have referred to as “Apple GPT,” could eventually turn into a consumer-facing product, its current infrastructure…

CoinMarketCap’s H1 2023 report says Q2 was a ‘lost quarter’

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Crypto data aggregator CoinMarketCap has released its “According to CMC: Crypto Market Analysis H1 2023” report. Within the report, the coin information website described the second quarter of 2023 as a “lost quarter” due to several factors, including the lack of a strong market narrative compared to the first quarter of the year. A few areas, however, experienced strong growth and resilience, the report notes. According to the report, Q1 2023 showed more positive developments, such as Bitcoin (BTC) doubling in price and the rise of layer-2 scaling solutions like…