OpenAI CEO: Costs to run each level of AI falls 10x every year
Lower-cost AI could lead to lower-cost products but more expensive luxury items, according to OpenAI CEO Sam Altman.
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Tim Draper warns of crypto scams using his AI-synthesized voice
Advancements in AI have made it possible to create deepfake videos and voices in which scammers write the scripts to try and illegally obtain others' crypto. 114 Total views 3 Total shares American venture capitalist Tim Draper issued a warning on social media that scammers are attempting to con crypto users using an artificial intelligence

Australia-based crypto miner doubles hash rate after energizing Canadian rigs
Daniel Roberts, Iris Energy co-founder, said the firm had energized the facility on time “despite the current market backdrop and ongoing international supply chain challenges.” 265 Total views 22 Total shares Australian Bitcoin miner Iris Energy said it had increased its hash rate to more than 2.3 exahashes per second following the completion of phase…

Weiss Ratings: Litecoin ‘Excellent’ in Adoption and Investment Returns
American provider of investment data Weiss Ratings has ranked Litecoin (LTC) as “excellent” in regards to investment rewards and adoptionDigital currency ratings unit Weiss Crypto Ratings has classified the fourth largest cryptocurrency in terms of market capitalization LTC as “excellent” when it comes to investment rewards and adoption. At the same time, the agency ranked…

Crypto Exchange Binance Adds Hong Kong Dollars to Fiat Gateway
Binance, one of the world’s foremost cryptocurrency exchanges, now allows deposits in Hong Kong dollars.According to a Feb. 21 announcement, Binance now offers both deposits and withdrawals in Hong Kong dollars without deposit fees. After depositing Hong Kong dollars, users are free to spend them on cryptocurrency.Deposits are enabled through a partnership between Binance and…

Gnosis and Snapshot create tool to bind DeFi governance votes on-chain
The SafeSnap platform allows executing Snapshot governance votes automatically. 2550 Total views 10 Total shares Gnosis and Snapshot have collaborated to develop SafeSnap, a product that allows for automatically executing successful governance votes on Snapshot. The module, which combines features of Gnosis Safe Multisig and the Snapshot off-chain governance platform, was released on Tuesday.Snapshot is…

Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study says
The potential is there, but the difficulties in achieving financial inclusivity are often underestimated, a Bank of Canada study shows. A common argument made in favor of central bank digital currency (CBDC) is that it could boost financial inclusion. The nuances of how to accomplish that goal, or even what “financial inclusion” means, remain to

2020’s DeFi craze: The best, worst and fishiest projects in crypto
As 2020 comes to a close, it’s a good time to reflect on the biggest crypto developments and the wild ride the sector took investors on.At the beginning of the year, Bitcoin (BTC) was hovering just above $7,000, and the top-ranked digital asset had started to gather steam as the block reward halving approached. Then…

Report: SEC Expands Crackdown on ICOs, Regulatory Ambiguity Remains
The U.S. Securities and Exchange Commission (SEC) has expanded its crackdown on Initial Coin Offerings (ICOs), putting “hundreds” of projects at risk, according to a recent joint investigation by Yahoo Finance and Decrypt Media published, Oct. 10.The authors of the report stressed that hundreds of crypto and blockchain startups that conducted token sales have eventually…