At last week’s AI summit in Seoul, artificial intelligence companies from around the world reached a landmark agreement to implement a “kill switch” policy, potentially halting the development of their most advanced AI models if certain risk thresholds are exceeded. The decision has sparked a...
The Securities and Exchange Commission (SEC) has reportedly requested a summary ruling in its civil case against Do Kwon, the co-founder of Terraform Labs. The SEC alleges that Kwon and his company engaged in fraudulent activities, offering and selling unregistered securities, Bloomberg reported Friday (Nov. 3). These alleged...
Investing in crypto requires having a lot of optimism about crypto. And while blockchain technology still holds the potential to transform global payments, the cryptocurrency ecosystem itself has been racking up more high-profile losses than it has wins, at least recently. In the United Kingdom, the country’s Financial Conduct Authority (FCA)...
As you read this, the very nature of money is being interrogated and experimentally reshaped. “There’s a huge global trend going on right now into exploring the intricacies, complexities, difficulties and benefits of leveraging the properties of DLT [decentralized ledger technology] for the financial system,”...
June 19, 2024
Move over, human tellers: artificial intelligence (AI) chatbots may be the new face of banking. As digital solutions continue to disrupt the industry, experts say these conversational AI systems are poised to slash costs and streamline operations while keeping customers engaged and satisfied. With their ability to handle high volumes of routine inquiries, AI chatbots […]
July 18, 2023
As you read this, the very nature of money is being interrogated and experimentally reshaped. “There’s a huge global trend going on right now into exploring the intricacies, complexities, difficulties...
November 03, 2023
The Securities and Exchange Commission (SEC) has reportedly requested a summary ruling in its civil case against Do Kwon, the co-founder of Terraform Labs. The SEC alleges that Kwon and his company engaged in fraudulent activities, offering and selling unregistered securities, Bloomberg reported Friday (Nov. 3). These alleged fraudulent activities have resulted in significant market value losses, with […]
May 25, 2022
A founder of the troubled Terra ecosystem has gotten a proposal approved to salvage the project in the wake of the collapse of the UST stablecoin weeks ago, Bloomberg reported...
May 19, 2022
Coinbase, facing declining revenues, is putting a pause on new business projects, a report from The Information said Thursday (May 19). It will also be freezing hiring for two weeks...
