Ex-OpenAI chief scientist Ilya Sutskever launches SSI to focus on AI safety
The new company will develop AI safety and capabilities in tandem.
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BBVA Signs $117 Mln Blockchain-Powered Corporate Loan
Banco Bilbao Vizcaya Argentaria (BBVA) has signed a new blockchain-based loan with civil engineering firm ACS Group, according to the BBVA’s official statement July 19. BBVA, a multinational Spanish banking group, signed an agreement with ACS to provide a long-term bilateral corporate loan of €100 million ($117 million). The new blockchain-powered loan contract will reportedly…
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Bitcoin gains strength as Friday’s $600M BTC options expiry approaches
In the past 7 days, Bitcoin (BTC) failed to break through the $48,000 resistance, but the price remained flat even as Minneapolis Federal Reserve chairman Neel Kashkari bashed the industry. During an appearance at the Pacific NorthWest Economic Region annual summit on August 17, Kashkari said:"So far what I've seen is…95% fraud, hype, noise and confusion."Moreover,…
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Crypto Advertisement Still Unwelcome, How Is the Industry Coping?
The United Kingdom’s Advertising Standards Authority (ASA) recently resolved a complaint regarding advertising of Bitcoin (BTC) from the BitMEX crypto derivatives exchange. According to the ASA, the website showed Bitcoin graphs with misleading price dynamics since January 2019. The ASA received four complaints, each accusing the platform of being misleading about Bitcoin investment profitability. The…
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Bitcoin Lightning Network Payments Hit Bitfinex in Industry First
Cryptocurrency exchange Bitfinex has revealed the first of two major upgrades it says will completely change user payments and spending habits. In a tweet on Dec. 2, the platform’s CTO, Paolo Ardoino, confirmed that as of Tuesday, it would support Bitcoin (BTC) transactions on the Lightning Network (LN).The move is a first for a major cryptocurrency…
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FBI Outline Key Features of Scam ICOs, Warns Investors to Be Vigilant
The United States Federal Bureau of Investigation (FBI) has outlined what it believes to be the consistent threads running through fraudulent initial coin offering (ICO) schemes. The Bureau’s perspective was shared in an interview with Netherlands-based financial news site the Paypers on Feb. 19.According to the FBI, the key strategies of scam offerings include misrepresentations…
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ING Bank Signs 5-Year Licensing Deal With R3 for Access to Its Blockchain Platform Corda
Dutch international bank ING has signed a deal with enterprise blockchain consortium R3 for access to R3’s commercial blockchain platform, according to a press release published Jan. 22.As a part of the five-year agreement, ING Bank is set to acquire an unlimited number of licenses for R3’s Corda Enterprise platform. The banking giant plants to…
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French Artist Launches Personal Crypto Tied to Value of His Career and Output
Paris-based artist Ben Elliot’s efforts to revolutionize the artwork purchasing and collecting experience have resulted in what he claims to be the world’s first personal cryptocurrency directly pegged to a career.The Stellar blockchain-based digital currency is called Ben Elliot Token (BET) and is expected to launch in 2021. The value of the token will rise…
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$300 ETH? Ethereum Looks to Be Next Major Crypto to Follow Cardano
Recently, several altcoins have been showing strength. A few good examples are Theta Token (THETA), Zilliqa (ZIL), and Elrond (ERD). However, the large caps are lagging heavily and the only large-cap performing well has been Cardano (ADA).As smaller cap altcoins begin to lift off, some investors might be wondering exactly what is needed for a…