Google boss expects to spend $75B on AI this year

Cryptocurrencies such as Libra risk upsetting the world’s financial system if they are not regulated tightly, G7 finance ministers have warned.According to Reuters, French finance minister Bruno Le Maire told a news conference on July 18 that the G7 “cannot accept private companies issuing their own currencies without democratic control.”His remarks followed informal talks in…

The post-COVID-19 era has brought the issue of inflation to the forefront, leading to increasing interest within the Web3 space for creating flatcoins, a close “cousin” of stablecoins designed to mitigate inflation risk.Many existing flatcoins, like Terra’s TerraUSD (UST) stablecoin, are algorithmically backed and therefore serve as a stark reminder of the risks associated with…

Bitcoin is due to offer nothing beyond "classic weekend chop," signs of change on BTC price charts continue to flow in. 523 Total views 11 Total shares Bitcoin (BTC) further ground down volatility into Aug. 12 as “astonishing” BTC price action stayed in place.BTC/USD 1-hour chart. Source: TradingViewBitcoin: "Classic weekend chop" expectedData from Cointelegraph Markets…

David Lawee, former Google vice president of corporate development, will use his Web2 consumer experience to promote blockchain to the mainstream with Aptos.

Aleksei Andriunin, a Russian national charged with manipulating cryptocurrency through the Gotbit market maker platform, has reportedly struck a plea deal with prosecutors in the United States. Gotbit founder and CEO Andriunin has agreed to forfeit about $23 million in Tether USDt (USDT) and Circle’s USDC (USDC) in a plea deal with Massachusetts federal prosecutors

Renowned researcher believes that Satoshi was altruistic and thus will never spend his 1.1 Bitcoins, making it the fairest asset. 2159 Total views 42 Total shares The researcher who identified 1.1 million Bitcoins (BTC) that Satoshi Nakamoto mined, said that his research makes him believe that Satoshi was altruistic and will never spend his coins.Sergio…

Bitcoin (BTC) closed the week slightly above $7,500 up 1.56% ($115), which marks the first positive week since the close of the first week of August. Today Bitcoin touched a high at $7,660 following and a low at $7,370 with most of the price action taking place in the second half of the day.The 24-hour…

Lawyers for the video-sharing platform argue that because Ripple impersonators were third-parties it has no liability. YouTube’s legal team has argued the platform is immune from liability for cryptocurrency scams perpetrated as part of its video content or descriptions. Attorneys for Ripple and CEO Brad Garlinghouse filed a lawsuit against YouTube in April in response to…

Transactions via the EU’s prospective CBDC could be transparent to intermediaries, as any non-crypto digital transactions are. 169 Total views 22 Total shares Next to the fears of government overreach that the European Union’s ambitious digital euro project stirred, the main concern of the public is the prospective currency’s privacy framework. It appears that this…