Web3 threatened by Web2.5 and regulations, exec warns
Outlier Ventures founder Jamie Burke warns that as projects compromise with products that are not interoperable, the vision of Web3...
Day: May 24, 2023
Coinbase continues effort to get mandamus for SEC response to rulemaking petition
The cryptocurrency exchange filed a petition for rulemaking with the SEC in July and was served a Wells notice for...
AI developer Anthropic raises $450M in Series C round
“The funding will support our efforts to continue building AI products that people can rely on," developers wrote. On May...
Crypto should mimic TradFi rules: Global securities regulator IOSCO
According to the U.S. SEC, IOSCO members together regulate more than 95% of the world’s securities markets. A major global...
Chinese city launches govt-backed metaverse platform
The platform aims to consolidate the resources of academic institutions and enterprises in China and bolster research efforts in areas...
ETH can be both a security and a commodity, former CFTC commissioner says
Ether can simultaneously be both a security and commodity, meaning it lies under the regulatory scope of two federal agencies,...
Ethereum price is pinned below $1.9K, and data suggests that is unlikely to change in the short–term
3 key indicators are behind the prolonged bearish trend in Ether, and data fails to identify an immediate catalyst for...
Dispersion Capital launches $40M venture fund to ‘bring Web3 to the masses’
The firm aims to fund startups building infrastructure for Web3 and other decentralized technology projects. Early-stage venture capital firm Dispersion...
Japan’s crypto Anti-Money Laundering measures to start in June: Report
The Japanese parliament has decided to roll out tougher AML procedures in line with the “travel rule.” Lawmakers in Japan...
Core Scientific moves for September bankruptcy exit, expects $46M boost
Core Scientific said favorable market conditions have increased its liquidity position and its bankruptcy restructuring plan has been revised. A...
ETH can be a security and a commodity: Former CFTC commissioner
Ether can simultaneously be a security and commodity under the regulatory scope of the SEC and CFTC, former CFTC commissioner...
Ledger key recovery service paused amid backlash, will open-source code
Ledger CEO Pascal Gauthier says the past week has been a “humbling experience” and apologized for the firm’s “miscommunication.” Hardware...
Pakistan aims to produce 1 million AI-trained IT graduates by 2027
The policy framework showcases Pakistan’s willingness to integrate AI for public and national betterment. The country has set 15 targets...
Blizzard and Adobe tap generative AI tools as ‘co-pilots’ for humans
The two tech firms say the goal of the generative artificial intelligence tools isn’t to replace humans but to help...
AI deepfakes are getting better at spoofing KYC verification: Binance exec
The technology is getting so advanced, deepfakes may soon become undetectable by a human verifier, said Jimmy Su, Binance's Chief...
