Crypto Currency

The Australian government suddenly announced a new eight-week consultation to ask how heavily it should police the AI sector. The Australian government has announced a sudden eight-week consultation that will seek to understand whether any “high-risk” artificial intelligence tools should be banned. Other regions including the United States , the European Union and China have also launched measures to understand and potentially mitigate risks associated with rapid AI development in recent months. On June 1, Industry and Science Minister Ed Husic announced the release of two papers — a discussion paper on “Safe and Responsible AI in Australia” and a report on generative AI from the National Science and Technology Council (NSTC). The papers came alongside a consultation that will run until July 26. The government is wanting feedback on how to support the “safe and responsible use of AI” and discusses if it should take either voluntary approaches such as ethical frameworks, if ...

The body of Dr. John Forsyth has been found following a week-long search but police reportedly said foul play did not appear to be a factor. The co-founder of referral-based crypto project ONFO coin has been found dead from an apparent gunshot wound about a week after he went missing, although police don’t currently suspect foul play.  Dr. John Forsyth, a crypto advocate and emergency room doctor, was reported missing by relatives after not showing up to his shift at the Mercy Hospital in Cassville, Missouri, on May 21. His family launched an appeal on his whereabouts on social media soon after. Speaking to the Daily Beast at the time, his younger brother, Richard Forsyth, said that John Forsyth wouldn’t miss a shift, so it was “an immediate red flag.” Authorities found Forsyth’s sedan parked less than a mile away from the hospital on May 28. Beaver Lake in northwest Arkansas, Dr. John Forsyth. Source: Google Maps/Cassville Police Department Forsyth’s wallet, passport, lap...

The bot is a ChatGPT model that’s so far only been trained on Satoshi Nakamoto’s public writings and a handful of Bitcoin-related source materials. Satoshi Nakamoto may have effectively disappeared over 12 years ago, but two artificial Intelligence dabblers are seeking to revive the ability to chat with the famed Bitcoin ( BTC ) creator. On May 31, Bitcoin FilmFest co-organizer Pierre Corbin and the chatbot's co-developer Hugo Ferrer — released “Talk2Satoshi” — an AI chatbot that aims to answer questions about Bitcoin and economics as if they came from Nakamoto. Announcing my newest project! Together with @HugoFerrer_ , we've spent the last few weeks working on something that has been missing in #bitcoin : the Bitcoin GPT. We call it @talk2satoshi . Try it out for free: https://t.co/IhWIVAZSsT https://t.co/AFQlb9Dxc9 — Pierre Corbin (@CierrePorbin) May 31, 2023 The model, essentially, is OpenAI’s ChatGPT trained on a limited dataset including Nakamoto’s public em...

Days after Digital Currency Group's TradeBlock started winding down operations, investment bank TD Cowen has also announced its crypto unit's closure. Just over a year after launching its crypto unit, American independent investment bank TD Cowen has announced the shutdown of Cowen Digital, though it has not provided a clear reason why. The multinational bank launched Cowen Digital in March 2022 to provide institutional clients exposure to the crypto market via 16 crypto assets including Bitcoin ( BTC ) and Ether ( ETH ). At the time, the firm also teased that it would launch additional services revolving around futures, derivatives and decentralized finance. While it had also made executive hires for its European operations as recently as December. However, in a new email currently circulating online and seen by outlets such as Bloomberg News, Cowen Digital and its team of roughly 10 employees, will close down as of June 1. “Today will be the last day for the team her...

Luca Netz suggested that Pudgy Penguins is pushing for Web3/blockchain as a “back end not front end” approach, as it makes its IP as accessible as possible. The CEO of Pudgy Penguins — a nonfungible token project that recently launched a line of “phygitals” on Amazon despite the bear market — has offered one piece of sage advice to budding projects: Stop talking about crypto. Speaking with Cointelegraph, 24-year-old entrepreneur Luca Netz said that many NFT projects overwhelm people with Web3 jargon and information, making it almost unapproachable for newcomers: “If you look at the other NFTs in the space, can everyone really get it? [...] I think they’re trying to drown crypto and Web3 down people’s throats. That’s not what people want. People want amazing products.” Since he took over Pudgy Penguins in April 2022, Netz stated that the project has opted for a Web3/blockchain as a “back end, not front end” approach. This essentially boils down to bringing as much attention to the...

Nvidia share prices have more than tripled since October last year as demand for AI tech surges. Computer chip manufacturer Nvidia briefly joined the exclusive club of companies with a $1 trillion market capitalization as market demand for artificial intelligence (AI) tech reached a crescendo. The milestone was hit on May 30 in the United States morning trading hours by the computer chip and graphics card manufacturer with its shares hitting a daily high of over $418 according to Google Finance. Nvidia shares closed the day at just over $401 and the firm currently has a market cap of $992 million. NVIDIA stock price over the last year. Source: TradingView . In the United States, there are only four companies that have a valuation of more than $1 trillion: Apple, Microsoft, Amazon and Alphabet — Google's parent company. Nvidia has seen a year-to-date gain of over 180% due to soaring demand for graphics processing units (GPUs) that power generative AI tools. According to...

BTC price action sees weakness a day from the May monthly close, with Bitcoin analysts closely monitoring bid liquidity. Bitcoin ( BTC ) fell into the May 30 Wall Street open as the return of United States equities failed to boost performance. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Bitcoin pauses into the monthly close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $27,700, having briefly spiked above the $28,000 mark. The pair encountered resistance below its local highs from around the weekly close, and stocks also treaded water after the opening bell. The  excitement around a possible deal to raise the U.S. debt ceiling, which had boosted crypto previously, also cooled as market participants waited for its first test in Congress. “Bitcoin has been having a hard time reclaiming the weekend high,” monitoring resource Material Indicators summarized in part of an analysis on the day. “With the Monthly candle close a...

The Lone Star State has become one of the hottest points on the U.S. map in terms of crypto regulation. In late April, over a hundred people gathered near the Texas Capitol building to protest.  Peaceful protests in the United States are not uncommon, but what made this one unique was that its participants were gathered to advocate for the right to own and use cryptocurrencies. The location is also puzzling, as the Lone Star State has been presenting itself as a potential hub for the crypto industry in the United States, with varying state and federal laws creating an uneven regulatory landscape. ‘Digital Freedom rally’ to oppose Senate Bill 1751 in Texas State Capitol #Bitcoin $BTC pic.twitter.com/lwAzAbSnY0 — Cointelegraph (@Cointelegraph) April 25, 2023 And so, the crypto enthusiasts gathered together in Austin to protest Senate Bill 1751, which will strip cryptocurrency mining operators of some existing tax incentives. The bill has already passed in the State Senate ...

Every year countries are pressured to ramp up their climate change commitments at the COP conference — and Bitcoin mining is an easy target. Each year at the annual UN Climate Change Conference (COP), individual countries are pressured to ramp up their emissions reductions promises and showcase evidence they are taking steps to meet them. With Bitcoin mining blamed for using as much power as an entire country, and politicians searching for easy targets to strike, the industry appears to be on a collision course with these global commitments to achieve net-zero emissions. While it’s not possible to ban Bitcoin completely, lawmakers and regulators can tank the price and make life very difficult in the years ahead for the number one cryptocurrency. There are signs its already happening. A report from the European Commission at the end of 2022 stated that EU countries must be ready to block crypto mining, and the trading blocks new MiCA rules were at one stage set to include a ban ...

Shahar Madar, the head of security products at Fireblocks, says Web3 startups need to think from the “attacker’s perspective” when planning security protocols. Security remains one of the Web3 industry’s most important and relevant issues as decentralized finance (DeFi) protocols and enterprises continue to face exploits . At the Israel Crypto Conference, Cointelegraph talked to Shahar Madar, the head of security products at Fireblocks, about the necessary steps Web3 startups should take to secure their platforms and users. Madar told Cointelegraph that, in his experience, many new startups usually delay developing a security protocol to focus on growth. However, Web2 models for enterprise security don’t work in a Web3 world with such an emphasis on finance. He said from the “attacker’s perspective,” they always look for a return on their project exploits. “This is the thing that people miss. Everyone sees what they’re doing — the code is usually open source. Everyone can interac...

After reporting the vulnerability to Tron in February, the researchers highlighted that the issue was promptly addressed and resolved within a few days. A research team at dWallet Labs has discovered a zero-day vulnerability in Tron multisig accounts, allowing an attacker to bypass the multisignature mechanism and sign transactions with a single signature. In a technical breakdown post, the research team said the vulnerability could have impacted $500 million in assets held in Tron multisig accounts. This is because it allows any signer to “completely overcome the multisig security offered by TRON.” 0d, our superstar cybersecurity research team, discovered a vulnerability in TRON multisig accounts putting over $500M of digital assets at risk - it was disclosed and fixed so there are no user assets at risk now. A technical breakdown: https://t.co/nMj6kV6Oc3 — dWallet Labs (@dWalletLabs) May 30, 2023 As its name suggests, multisignature wallets require multiple signers defined ...

On-chain analytics platform Spot on Chain reported that Wintermute sold the tokens at $1.63 per OP. Decentralized finance (DeFi) platform Wintermute has transferred its Optimism (OP) tokens to a Binance exchange wallet ahead of the upcoming unlock that’s scheduled to release $587 million worth of tokens into the market.  On May 31, 386 million OP tokens will be unlocked for early contributors and investors. The amount of tokens that will be released into the market accounts for 9% of the total supply. The tokens are worth around $587 million and are expected to increase the circulating supply by over 100%. Seemingly preparing for what lies ahead, Wintermute’s wallet has been spotted transferring 2.651 million OP – worth $4.31 million – to Binance in the past 2 days. According to the on-chain analytics platform Spot on Chain, the DeFi protocol has already sold the tokens for $1.63 per OP. Over the past 42 hours, @wintermute_t has moved 2.651M $OP to #Binance at $1.63 on a...