Microsoft faces multi-billion dollar fine in EU over Bing AI
The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27.
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UK Financial Regulator’s Crypto Investigations Surge 74% in 2019: Report
The Financial Conduct Authority (FCA), the United Kingdom’s primary financial regulator, has seen a 74% rise in crypto-related investigations in 2019 so far.A local law firm reveals the dataAccording to London-based law firm Pinsent Masons’ data, the number of the FCA’s investigations into cryptocurrency businesses has surged from 50 cases in 2018 to 87 cases…
CME’s Futures Options Sprinted Out of the Gate but a Marathon Lies Ahead
In the two years since it launched cash-settled Bitcoin futures, CME has firmly established itself as a leader in the regulated crypto derivatives space despite not always being the first to market. In December 2017, it launched regulated Bitcoin futures a week after rival exchange CBOE. However, it only took 15 months for CBOE to completely withdraw from the…
EU AI rules stifle innovation, Meta and Spotify CEOs warn
Zuckerberg and Ek’s concerns highlight the need for balanced regulation of emerging technologies.
OnlyFans, Patreon models turn to Web3 amid payment and censorship fears
Patreon creators had difficulties getting paid in August, while OnlyFans once tried to ban porn on the platform, forcing creators to look at alternatives, including Web3. 117 Total views 2 Total shares Adult content creators have continued to shift towards decentralized versions of OnlyFans and Patreon, after recent payment difficulties and the ever-present threat of
NFT domains platform Unstoppable raises $65M Series A at $1B valuation
The company said that users have registered over 2.5 million nonfungible token domains through its platform so far. 145 Total views 30 Total shares On Wednesday, nonfungible token (NFT) domains platform Unstoppable Domains announced that it closed a $65 million Series A funding round at a valuation of $1 billion. Notable investors in the deal include…
Meta enables Instagram NFT integration in over 100 countries
Mark Zuckerberg's company, which posted a sharp loss in its Metaverse division in Q2, unveiled its digital asset expansion strategy on May 10, 2022. 215 Total views 28 Total shares According to a Meta newsroom post updated on Thursday, the Mark Zuckerberg-led company has begun its nonfungible token (NFT) expansion across 100 countries in Africa,…
Axie Infinity guild CGU helps players enter the fantasy play-to-earn NFT game with ‘scholarships’
"By playing-to-earn and learn, our scholars are gaining critical new skills that will shortly be in huge demand by employers setting up shop in the metaverse," says CGU co-founder Sergei Sergienko. 1402 Total views 39 Total shares Axie Infinity, a monster-battling NFT game, has been gaining a lot of traction with over $600 million Axies bought…
Stablecoin RAI launches, a pure, decentralized alternative for DeFi
New Ethereum-backed stablecoin RAI hopes to be the savior of the DeFi sector by providing a truly decentralized stablecoin alternative. Developed by blockchain startup Reflexer Labs, RAI is not pegged to any fiat currency and its monetary policy is managed by an on-chain, autonomous controller. It's a fork of Maker's DAI. RAI co-founder Ameen Soleimani explained:“RAI…