cryptocurrency

A third day of negotiations on Friday over landmark European Union rules governing the use of artificial intelligence will focus on military and security applications, with governments seeking to persuade lawmakers not to impose an outright ban. Exhausted EU lawmakers and governments clinched a provisional deal on Thursday on another highly contentious issue, how to regulate AI systems like ChatGPT, after a nearly 24-hour debate. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian…

Europe on Friday reached a provisional deal on landmark European Union rules governing the use of artificial intelligence including governments' use of AI in biometric surveillance and how to regulate AI systems such as ChatGPT.With the political agreement, the EU moves toward becoming the first major world power to enact laws governing AI. Friday's deal between EU countries and European Parliament members came after nearly 15 hours of negotiations that followed an almost 24-hour debate the previous day.Elevate Your Tech…

One attraction of Binance, as the company grew from its 2017 founding into the biggest cryptocurrency exchange in the world, was the firm's freewheeling flouting of rules. As it amassed well over 100 million crypto-trading users globally, it openly told the United States government that, as an offshore operation, it didn't have to comply with the country's financial regulations and money-laundering laws.Then, late last month, those years of brushing off US regulators caught up with the company in the form of one the most…

Alex de Vries’ research highlights the substantial water consumption of Bitcoin mining, exacerbating the global water crisis. This issue is particularly severe in water-scarce regions and countries like the U.S. and Central Asia. De Vries proposes solutions like software changes and renewable energy but raises concerns about their practicality. Bitcoin mining’s extensive water use is worsening the global water crisis, especially in drought-prone regions, according to Alex de Vries. He suggests potential solutions,…

Digital Trends Cryptocurrency has become the new trend, and many people are investing in virtual currencies. However, with so many cryptocurrencies available, deciding where to invest can be challenging, as well as keeping track of the market’s changes and — most importantly — storing your digital assets securely. Fortunately, you can use your smartphone to stay updated about your investments. You can download many apps to track your coins, use them as a virtual wallet, or even use them as handy tools to stay ahead…

Twelve applications for spot bitcoin ETFs are awaiting approval from the SEC. Delays are commonplace, but the agency is due to make a call on some of the applications as early as January 1, 2024. The three ETF analysts who spoke to WIRED expect the SEC to green-light a spot bitcoin ETF at some point next year.In Canada, Germany, and elsewhere, spot bitcoin ETFs already exist. And US investors have had access to bitcoin futures ETFs, the value of which are correlated with the price of bitcoin, since 2021. The approval of a…

Changpeng Zhao, the founder and former CEO of cryptocurrency exchange Binance, has asked the judge to allow him to leave the United States. Zhao’s lawyers are urging U.S. District Judge Richard Jones in Seattle to reject the Justice Department’s (DOJ) request to bar him from returning home to the United Arab Emirates until he is sentenced. The crypto founder stepped down from his position after being charged for failing to prevent money laundering on his company’s platform. In a…

Here's a question few of us will ever have to answer. Would you rather have $23 billion living in the United Arab Emirates with no US extradition treaty, or sacrifice a chunk of your wealth and perhaps spend 18 months behind bars to resolve all your issues with the US Department of Justice and Securities and Exchange Commission?Binance Holdings Ltd. CEO Changpeng Zhao appears to have chosen the latter. We don't know all the details of the deal — most importantly the length of time, if any, Zhao must spend in prison — but…

A new report from French-based cybersecurity company Sekoia describes evolutions in the financial sector threat landscape. The sector is the most impacted by phishing worldwide and is increasingly targeted by QR code phishing. The financial industry also suffers from attacks on the software supply chain and stands among the most targeted sectors impacted by ransomware in 2023. And an increase in attacks on Android smartphones affects the sector, both for cybercrime and cyberespionage operations. Jump to: The…

Binance boss Changpeng Zhao has become the most powerful cryptocurrency figure to fall in a two-year period chaotic even by the standards of the notoriously volatile industry.Zhao stepped down as CEO of Binance -- the largest crypto exchange in the world -- after he and the company pleaded guilty on Tuesday to sweeping US money laundering violations and agreed to fines of more than $4 billion. Here are three of the highest-profile crypto executives who have fallen foul of the law since last year: - Changpeng 'CZ' Zhao…