Europe gathers global experts to draft ‘Code of Practice’ for AI
The EU is bringing together top global experts to draft the first “Code of Practice” for general-purpose AI models, setting new standards for transparency and risk management under its AI Act.
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EU blockchain sandbox unveils first 20 use cases after wave of applications
According to the European Commission, 20 projects have been selected in the first cohort to receive legal advice and regulatory guidance. The first batch of blockchain use cases to debut in Europe's regulatory sandbox was formally introduced on July 3, following a long wait and nearly 90 applications received in April. First disclosed in 2020,…
Crypto Payment Platform BitPay Introduces Settlement in Stablecoins
U.S.-based cryptocurrency payment processor BitPay has started accepting stablecoins, according to an announcement published Oct. 15. The company now allows its merchants to receive settlements in Gemini Dollars (GUSD) and Circle USD Coin (USDC).Founded in 2011 in Atlanta, Georgia, BitPay provides payment services with Bitcoin (BTC) and Bitcoin Cash (BCH) with a customer base of…
Bitcoin billionaire set to run for California governor
Early Bitcoin investor Chamath Palihapitiya is eying running for governor of California. 635 Total views 9 Total shares Early Bitcoin investor and industry proponent Chamath Palihapitiya has signaled a potential run for the position of California governor.The CEO of venture capital firm Social Capital, Chamath Palihapitiya, appeared to announce his intentions in a Tweet on…
Bitmain Pulls Schrödinger Act as Power Struggle Reaches New Heights
Bitmain is having a Schrödinger moment as official accounts make contradictory statements on payment details. 1745 Total views 61 Total shares The power struggle between the two co-founders of Bitmain, Micree Zhan and Jihan Wu, seems to have reached new heights as Zhan appears to be re-routing its financial flows to entities fully controlled by…
Bitcoin a top 3 asset in the event of US debt default: Survey
Bitcoin would be a more popular safe haven than the U.S. dollar, the Japanese yen or the Swiss franc, according to a new survey. 1108 Total views 3 Total shares Major cryptocurrency Bitcoin (BTC) could become a top three asset in the event of a theoretical debt default in the United States, according to a…
Bitget integrates DeFi aggregator into crypto exchange app
The new feature lets users access liquidity from various decentralized exchanges including Uniswap, PancakeSwap and Curve. 81 Total views 1 Total shares Crypto exchange Bitget has integrated a decentralized finance (DeFi) aggregator into its crypto exchange application, allowing users to swap their tokens and access DeFi services through its Web3 Wallet.According to Bitget, the effort
UK financial watchdog to crypto industry: ‘Let’s work together’
The Financial Conduct Authority wants input from crypto companies on moving forward with regulations. 66 Total views 1 Total shares Own this piece of history Collect this article as an NFTThe United Kingdom's financial regulator, the Financial Conduct Authority (FCA), wants to work together with crypto companies to develop a regulatory framework for the industry.On…
PayPal’s PYUSD stablecoin hits $1B market cap
PYUSD is competing with rivals such as Circle’s USDC and Tether’s USDT.