Author: Dren.H

Google’s Gemini AI demo faced criticism for editing content to exaggerate its capabilities, despite its advanced technology. Google’s recent release of the Gemini tech demo on December 7th sparked initial acclaim, but quickly shifted to controversy over its authenticity. The demo, which showcased the capabilities of Google’s new artificial intelligence model Gemini, has been under scrutiny for misrepresenting its real-time interaction capabilities. The Buzz and the Backlash Upon its release, the Gemini demo attracted significant attention, amassing 2.1 million views on YouTube. It featured an AI interacting seamlessly with a human operator, analyzing a duck drawing, responding to hand gestures,…

EU officials agree on AI regulations, focusing on transparency and ethical use, with significant penalties for non-compliance. In a recent development, European Union (EU) officials have reached a provisional deal on artificial intelligence (AI) regulations. This decisive agreement, arrived at on December 8th, aims to establish clear and comprehensive rules for the deployment and governance of AI technologies, including popular models such as ChatGPT. AI Regulation in the EU: A New Era The European Parliament and Council negotiators, after extensive discussions and negotiations lasting nearly 24 hours followed by an additional 15 hours, have set the stage for the EU…

FTX and Alameda Research transferred $23.59 million in various tokens to major exchanges for asset recovery. In a recent development, FTX and Alameda Research, two now-defunct crypto trading firms, have moved a substantial amount of digital assets, totaling $23.59 million, to several leading cryptocurrency exchanges. This latest transfer, distributed across 19 different tokens, signifies a continuing trend in the movement of assets by these firms. Asset Distribution and Exchange Involvement The distribution of the $23.59 million transfer encompassed a variety of tokens. Significant among these were 3,150 Ether (ETH), valued at $6.8 million, and 59.6 million Aleph.im (ALEPH), worth approximately…

The global crypto landscape varies, with 119 countries legalizing it, 22 banning it, and many still defining regulations. In today’s digital era, cryptocurrency has gained legal status in 119 countries, including four British Overseas Territories. This significant number indicates a global shift towards embracing crypto, with over half of the world’s nations recognizing their legitimacy. Interestingly, a large portion of these countries, around 64.7%, are developing nations from Asia and Africa. Despite this widespread legalization, there are concerns regarding the banking sector’s engagement with cryptocurrencies. In 20 of these countries, equating to 16.8%, banking bans are in place. These bans…

Tether introduces policy to freeze wallets linked to OFAC-sanctioned entities, enhancing regulatory compliance and security. In a move to align with U.S. regulatory standards, Tether, the company behind the popular stablecoin, has introduced a new policy for freezing wallets associated with individuals and entities listed by the Office of Foreign Assets Control (OFAC). This action marks Tether’s latest effort to enhance cooperation with law enforcement and regulatory bodies globally. Starting December 1, Tether has proactively applied controls in the secondary market to identify and restrict transactions linked to those on the OFAC’s Specially Designated Nationals (SDN) List. This list includes…

A Bitcoin Core developer suggests a patch could end Bitcoin Ordinals, citing exploitation of a data size limit bug. Recently, a Bitcoin Core developer has highlighted a significant issue within the Bitcoin network related to Bitcoin Ordinals. This issue pertains to an exploitation of a vulnerability, which currently allows inscribers to surpass the data size limits set within the system. This revelation has stirred discussions in the cryptocurrency community, especially regarding the potential impact of a forthcoming patch that could alter the current state of Bitcoin Ordinals and BRC-20 tokens. Understanding the Core Issue The heart of the matter lies…

The first studio demo of Michael Jackson, Big Boy, will be released on blockchain by Anotherblock, revolutionizing music distribution. The blockchain music platform Anotherblock will unveil a rare piece of musical history: Michael Jackson’s first studio demo. Titled “Big Boy (One-Derful Version),” this track marks a significant moment in music, showcasing an eight-year-old Jackson in his debut studio performance. Recorded on July 13, 1967, at One-Derful in Chicago, this demo features Jackson along with his brothers, capturing the raw talent of the future King of Pop at a tender age. After over fifty years, this remarkable recording emerges from obscurity,…

In 2023, U.S. crypto firms increased lobbying spending to shape regulations and recover from industry scandals and challenges. The crypto sector in the United States is on pace to surpass its previous federal lobbying expenditure record in 2023. This trend emerges as the industry seeks to revamp its image and promote beneficial legislation. Data from the nonprofit research organization OpenSecrets reveals that crypto firms invested approximately $18.96 million in lobbying activities during the initial three quarters of 2023. This figure marks an increase from the $16.1 million spent in the corresponding period of 2022. This hike in lobbying expenditure comes…

Bybit’s report reveals institutions favored Bitcoin and Ethereum as safe havens amid 2022’s volatile crypto market. In the volatile financial landscape of 2022, Bybit’s latest report sheds light on the shifting dynamics in cryptocurrency investment, particularly focusing on Bitcoin and Ethereum. The exchange’s comprehensive analysis delves into the strategies adopted by various investor groups – institutions, high-net-worth individuals, and retail investors – amidst the market’s volatility, marked by events such as Terra’s downfall and FTX’s dramatic implosion. Institutional Strategies Amidst Market Volatility Institutional investors, as per Bybit’s findings, displayed a strong preference for Bitcoin and Ethereum as safe havens, allocating…

BlackRock secures $100K for a Bitcoin ETF, innovates in fee structure, and awaits SEC’s likely early 2024 approval. BlackRock, the world’s leading asset management firm, has secured an initial investment of $100K for its Bitcoin exchange-traded fund (ETF). This development, disclosed in a recent filing with the United States Securities and Exchange Commission (SEC), underscores the growing interest of financial powerhouses in the cryptocurrency sector. October 2023 saw an unnamed investor infuse the said amount into BlackRock’s spot Bitcoin ETF, buying 4,000 shares at $25 each. The investor’s role extends beyond mere funding, as they also assume responsibilities as a…