Meta to resume AI training in UK after regulatory pause
The tech giant will use public information, including posts, comments, photos, and captions from adult users on Instagram and Facebook.
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Bank of International Settlement calls the rise of decentralized finance ‘an illusion’ in latest quarterly review
Even though the total value locked in DeFi protocols has eclipsed $246 billion, it was not enough to please the BIS. 1219 Total views 9 Total shares On Monday, the Bank of International Settlement, or BIS, a financial institution owned by central banks worldwide, published a report scrutinizing the development of the decentralized finance, or…
Bitcoin whales fill their bags despite warnings BTC price could fall below $40K
Bitcoin (BTC) headed toward $42,000 on April 9 after bulls failed to spark a late-week turnaround.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin lines up 10% weekly red candleData from Cointelegraph Markets Pro and TradingView showed BTC/USD slowly dissolving support levels in place for several weeks as the weekend began.After multiple tests of $43,000, that area finally…
Commissioner Kristin Johnson to sponsor CFTC Market Risk Advisory Committee
The crypto hawk Biden appointee will sponsor a panel of 36 financial industry executives, thought leaders and other prominent figures. 104 Total views 5 Total shares United States Commodity Futures Trading Commission (CFTC) commissioner Kristin N. Johnson was named the sponsor of the agency’s Market Risk Advisory Committee (MRAC) on Tuesday. She replaced CFTC chair…
ConsenSys wins contract for Thailand-Hong Kong CBDC project
Following a successful research phase between the two central banks, Consensys will develop a proof-of-concept for cross-border interbank blockchain payments. 605 Total views 12 Total shares Blockchain firm ConsenSys announced Sep. 25 that it had been awarded the contract for a cross-border payment project between Thailand and Hong Kong.The company will lead the second implementation…
‘DeFi may lead to a paradigm shift’ says Federal Reserve Bank paper
Ethereum has unleashed a wave of financial innovation. 635 Total views 11 Total shares A paper published by the Federal Reserve Bank of St Louis has delved into the expansion of decentralized finance and Ethereum’s role in it.The research, penned by Dr. Fabian Schär and published on May 2, has taken a deep dive into…
Compass Mining to add 25,000 ASIC miners just weeks after staff cuts
Mere weeks after announcing staff lay-offs and salary cuts, Compass Mining has unveiled expansion plans in the form of a 75 megawatt (MW) hosting partnership with Compute North for its data center in Granbury, Texas.The announcement on July 21 comes only a two weeks after the company retrenched 15% of its employees and implemented salary…
Terra Virtua releases ‘Godzilla vs. Kong’ NFTs to coincide with movie release
Nonfungible tokens seem to be popping up everywhere lately — so why not on the big screen?Digital collectibles and virtual reality platform Terra Virtua is planning to launch today a line of Godzilla vs. Kong nonfungible token (NFT) collectibles created in collaboration with film production giants Warner Brothers — among the first-ever NFT drops to…
Bitcoin sails the seas: sailor paints giant ‘B’ on boat to promote crypto across the ocean
A captain from Brussels took his passion for sailing and Bitcoin and set sail on his Sato Boat painting with a giant orange “B” to promote the cryptocurrency across the seas. 160 Total views 1 Total shares There are some passions that are larger than life, some so expansive that they cover the seven seas.…