Author: e_cash_top
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Biden to sign executive order regulating AI use in federal government
[ad_1] U.S. President Joe Biden is expected to sign an executive order on artificial intelligence (AI) regulation, the Washington Post said on Oct. 24. The order, which will likely be signed on Monday, Oct. 30, is said to have at least three goals. First, the order will require advanced AI models to undergo an assessment…
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Yuga Labs wins $1.6M in Bored Apes trademark infringement case
[ad_1] On Oct. 26, Yuga Labs, the company behind the popular Bored Ape Yacht Club (BAYC) NFT collection, announced that two individuals who infringed on its brand had been ordered by the court to pay damages and cease their infringing activities. The company wrote in a statement: “After the court ruling against Ryder Ripps and…
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Larry Fink, Jamie Dimon, and other financial heavyweights unpack economic trends at Davos in the Desert
[ad_1] In a gathering of financial heavyweights at this year’s Davos, BlackRock CEO Larry Fink and JPMorgan CEO Jamie Dimon voiced concerns about the current economic landscape. Drawing parallels with the volatile 1970s, they underscored mounting worries over fiscal deficits, surging inflation, and the disruptive role of populism on supply chains. Fink expressed concerns about…
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Why was the jury dismissed during SBF’s first round of testimony?
[ad_1] Sam Bankman-Fried took the stand in his own criminal defense trial on Oct. 26. However, many following the proceedings were surprised as Judge Lews Kaplan ordered the jury out of the room before continuing. According to Inner City Press, which has reported from inside the courtroom during each day of Bankman-Fried’s trial, Judge Lewis…
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Kraken to turn over select customer data to IRS after July court loss
[ad_1] Kraken alerted users by email t on Oct. 25 that it would provide certain customer information to the Internal Revenue Service (IRS). The crypto exchange company said that the IRS issued a summons in May 2021 and ordered it to provide a variety of records and data. Kraken explained that it attempted to fight…
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Could a spot Bitcoin ETF lead to ‘paper’ Bitcoin controlling the market?
[ad_1] The air is thick with speculation. Bitcoin, the flagbearer of the digital currency realm, stands at the precipice of historic transformation. The game appears to be changing with financial titans like BlackRock, Fidelity, and Ark Invest filing for SEC approval for spot Bitcoin ETFs. But is it all sunshine and rainbows from here? While…
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Proof of Stake networks experience historic low in staking yields
[ad_1] The average staking yield of the top 35 stakable cryptocurrencies has reached a historic low due to the rising average stake rate among investors during the third quarter, according to a report from Staked, a non-custodial staking platform subsidiary of Kraken. The average staking rate increase to a substantial 52.4% across proof-of-stake (PoS) networks…
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Bitcoin options market shows record call open interest and volume
[ad_1] Over the past week, Bitcoin (BTC) ‘s price has witnessed a notable surge, sparking heightened activity in the cryptocurrency market. One area that offers unique insights into traders’ sentiments and expectations about this price movement is the options market. We can gauge how traders are positioning themselves in anticipation of future price movements through…
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New UK law grants authorities power to seize crypto without arrest
[ad_1] The government of the U.K. has approved a bill enhancing law enforcement’s authority to confiscate cryptocurrency assets linked to criminal activities, including money laundering, fraud, and ransomware attacks. According to the lawmakers’ website, the bill officially became law after receiving Royal Assent on Oct. 26. Entitled the “Economic Crime and Corporate Transparency Bill,” this…
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In a week where every high-volume digital asset is up, stablecoins lead losses with a mere 0.12% decline
[ad_1] In a bullish indicator for the broader cryptocurrency market, six stablecoins have technically led industry losses over the past 7 days, with the largest decline at 0.12%, underscoring the overall strength of the market. The market remains robust, with stablecoins’ high trade volumes highlighting their fundamental role in the crypto ecosystem, holding their peg…