AI scientists urge ‘contingency plan’ in case humans lose control of AI
In an open letter, scientists shared worry that the loss of human control or malicious use of AI systems could lead to catastrophic outcomes for all of humanity.
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What the California AI ‘killswitch’ bill means for decentralized AI
The AI industry is split over new legislation in California that would implement a sort of emergency stop in AI systems.

Blockchain Intelligence Firm Wants to Prove Tim Draper Wrong on DeFi
Blockchain intelligence firm asserts that stablecoins are not a replacement of the dollar, instead they present a censorship resistance alternative to fiat. 1589 Total views 32 Total shares The latest research from Flipside Crypto purports to disprove Tim Draper’s assumption that the advancements in DeFi will displace the U.S. dollar as the world’s reserve currency.The…

Crypto tax policy framework passes India’s parliament despite pushback from lawmakers
Under the framework, those conducting crypto transactions will be subject to a 30% tax starting on April 1, while the 1% TDS requirement will take effect on July 1.

Mythical Games raises $37M for in-game marketplace in Series C round
The company expects to raise another $20-$30 million when the full round closes in the coming months. Game publisher Mythical Games has secured $37 million in Series C1 funding, with plans to launch a new marketplace and pursue other revenue-generating initiatives. With this funding, Mythical will continue to hold the unicorn status with a valuation…

Don’t expect large firms to follow Tesla’s Bitcoin move, JPMorgan says
While the crypto community expects more large firms to emulate Tesla’s Bitcoin purchase, JPMorgan’s strategists don't think it will happen. 3309 Total views 10 Total shares Strategists at JPMorgan Chase, one of the largest investment banks in the United States, believe that Tesla’s $1.5 billion Bitcoin (BTC) purchase will not necessarily trigger a ton of…

North Korea Stole $2 Billion in Cryptocurrency From Exchanges, Says UN
North Korea has netted around $2 billion by hacking banks and cryptocurrency exchanges, according to the United Nations (U.N.).UN: Hacked crypto funds weapons of mass destructionIn a confidential report acquired by mainstream media outlets including Reuters on Aug. 5, the U.N. Security Council North Korea sanctions committee said that hackers formed an essential part of…

Hermez Network launches zk-rollups on Ethereum mainnet to process cheap payments
Hermez users will be able to transact with ETH, USDT, WBTC on a scalable layer-two network. 1685 Total views 25 Total shares Hermez Network has announced on Wednesday the launch of its zk-rollup mainnet release. This means that the network is now open for users, who can benefit from the rollup’s much lower transaction costs…

El Salvador’s ‘My First Bitcoin:’ How to teach a nation about crypto
The grassroots Mi Primer Bitcoin or “My First Bitcoin” program has picked up steam in El Salvador. The first cohort of Bitcoiner-come-students began studies in May this year. Founded by John Dennehy, an American activist and journalist, the program also has the support of the El Salvador government. El Salvador’s first #Bitcoin diploma program launched with the…