TLDR: OpenAI opposes California’s AI safety bill SB 1047, claiming it would stifle innovation Senator Scott Wiener defends the bill, saying OpenAI’s arguments are unfounded The bill requires AI companies to conduct safety evaluations before public release OpenAI and other tech companies prefer federal regulation over state laws The bill has been amended but still…
TLDR: DBS Bank piloted blockchain-based government grant disbursements 27 fintech firms received grants via smart contracts on DBS’s permissioned blockchain The system aims to improve efficiency, governance, and transparency in grant payments This builds on DBS’s participation in MAS’s Project Orchid for digital currency initiatives Future applications may include project payments and consumer rewards DBS…
TLDR: Crypto companies have spent $119 million to influence the 2024 US elections This is the most spent by any industry on the 2024 elections so far Coinbase and Ripple are the biggest spenders, donating mostly to a super PAC called Fairshake The crypto industry is now the second largest political spender since 2010, behind…
The Brazilian Securities and Exchange Commission (CVM) has greenlit a Solana exchange-traded fund (ETF), showing the country’s growing support for the digital assets. However, despite the ETF approval, Solana (SOL) still struggles to break the key $150 level. But it seems a regulatory win is not enough to save struggling Solana. According to CoinGecko, the…
After slipping hard yesterday, bitcoin went on the offensive in the past 12 hours or so and exploded to a weekly high of just under $62,000. Aside from TRX and TON, the other larger-cap altcoins have followed suit with impressive gains from the likes of LINK, UNI, MATIC, and others. BTC Eyes $62K? It was…
HAQQ brings together the most reputable actors of Ethical finance in order to promote community-driven decentralized technologies worldwide. HAQQ is an EVM-equivalent chain, based on Cosmos SDK. The technology behind HAQQ makes it possible for any smart contract created on other EVM chains to be deployed onto the new network without any changes needed. Mohammed…
[PRESS RELEASE – WILLEMSTAD, Curacao, August 22nd, 2024] BC.GAME, one of the largest iGaming platforms by game variety, has introduced Coco Rush, a fresh mini-app game now available on Telegram. This free-to-play casual game offers users the opportunity to earn cryptocurrency rewards by competing in leaderboard battles and completing various tasks within the game. BC.GAME…
Hackers recently took control of McDonald’s official Instagram account to promote a fraudulent Grimace meme coin, successfully scamming users out of $700,000 in Solana. The attackers also compromised the personal X account of McDonald’s Senior Marketing Director to further spread the scam. Grimace Coin, originally created as a meme token inspired by a social media…
In the ever-volatile world of cryptocurrencies, fortunes can change faster than you can say “WIF”. Just last month, Solana (SOL) was basking in the glow of a bullish run, but today, it’s facing a steep decline. With a 20% drop over the past month, SOL has been caught in a wave of sell-offs, pulling the…
The cryptocurrency market surprises us with its rapid shifts and unexpected turns. As we move towards 2024, investors closely monitor emerging coins that promise high returns. Among these, Bonk and Neiro Ethereum are drawing significant attention. Meanwhile, MoonBag (MBAG), a coin that has already raised $3.9 million and is in its seventh presale stage, is…