EU AI rules stifle innovation, Meta and Spotify CEOs warn
Zuckerberg and Ek’s concerns highlight the need for balanced regulation of emerging technologies.
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IBM Announces New Multicloud Update to Blockchain
IBM has announced upgrades to its Blockchain Platform, according to a report by Ledger Insights on June 18.The new IBM Blockchain Platform will reportedly be able to run on multiple cloud networks, such as major tech corporation Microsoft’s Azure or Amazon Web Services (AWS).This is apparently the main upgrade over its previous iteration, which was…

OpenAI fundraising could push valuation to $150B
As fundraising unfolds, OpenAI’s valuation is expected to reach $150 billion. Several tech giants, including Apple and Nvidia, are reportedly backing the round.

Powers On… Insider trading with crypto is targeted — Finally! Part 1
It took a few years, but government crackdowns on “insider trading” involving digital assets have finally arrived. It’s about time! Insider trading occurs often in our securities markets, so it was only a matter of time before crypto and other digital assets would be exploited improperly by miscreants for financial gain.Powers On… is a monthly…

ZachXBT claims 21 North Korea crypto devs are making $500K a month
Onchain sleuth ZachXBT claims to have found a network of North Korean developers who have been working on dozens of crypto projects.

Ripple, Archax debut first tokenized money market fund on XRP Ledger
To kick things off, Ripple’s XRP Ledge will tokenize asset manager asset manager abrdn’s $4.77 billion US dollar Liquidity Fund.

Tether has ‘redistributed’ $108.8M in USDT from illicit activity since 2014
The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing fight against cyber fraud, according to Tether.

Ethereum network burns $395K ETH per hour after London upgrade
At current burn rates, 2.3 ETH per minute, or $6,600 is going up in smoke. 104 Total views 2 Total shares Approximately 2.3 ETH is being burnt every minute through the new transaction fee mechanism introduced in Ethereum’s London upgrade on August 5.The highly anticipated London hard fork went live on Wednesday this week, ushering…

Top 50 Canadian Co-op Streamlines Supply Chain with Blockchain Tech
Federated Co-operatives Limited, or FCL, one of Canada’s 50-largest companies, has partnered with blockchain-based supply chain middleware platform, Morpheus.Network.FCL plans to integrate distributed ledger technology, or DLT, based tracking. This will be deployed across its diverse supply chain, encompassing 1,400 businesses across Western Canada and employs over 23,000 workers.Major Canadian co-operative embraces blockchainThe firms have…