AI chatbots are getting worse over time — academic paper
A dwindling consumer interest in chatbots caused a drop in AI-sector revenues during the second business quarter of 2024.
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MIT Research Group Calls Crypto a Testing Ground for a Central Bank Digital Asset
MIT’s crypto and distributed ledger tech research group, the Digital Currency Initiative, recently explained that a central bank digital currency (CBDC) will eventually use some of the concepts and technology currently at play in the experimental crypto space.“CBDC should not be a direct copy of existing cryptocurrencies with exactly the same design and features but there…

China: Blockchain Group From Three Telecoms Giants Begins Exploring Use Cases
China’s three major telecoms operators launched a blockchain research group, which has held its first meeting, local media outlet Fintech News reports July 23. The product of China Mobile, China Unicom and China Telecom, the group involves a total of twenty experts from eight companies including Huawei, Union Mobile, and Financial Technology (UMF). The aim,…

XMR workgroup says IRS should study Monero — not try to break it
The United States Internal Revenue Service has better ways to spend taxpayer dollars than offering bounties to break Monero’s (XMR) privacy, a Monero working group says.After the IRS announced it is offering up to $625,000 to anyone who can break Monero, a major Monero-focused workgroup expressed their take on the matter.A spokesperson for Monero Outreach…

Trump crypto strategic reserve coins ‘ADA, XRP, SOL’ dump, Bitcoin follows
Cryptocurrency traders were in for a pleasant surprise on March 2 after US President Donald Trump announced a crypto strategic reserve to include Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA). The news triggered huge buying, with Bitcoin rising from about $85,000 to $95,000 and Cardano galloping more than 72%. The remaining

Crypto Pioneer David Chaum: Pseudonymous Messaging With Integrated Payments Is Blockchain’s Killer App
E-cash inventor David Chaum says he believes the real killer app for blockchain and cryptocurrencies will be privacy-oriented messaging systems integrated with payments. Chaum made his remarks in an interview on the Bloomberg Odd Lots podcast on May 27.Chaum — a trailblazing American cryptographer who invented a secure, privacy-preserving digital currency back in 1982 —…

One River’s spot Bitcoin ETF application rejected by SEC
The proposed environmentally conscious spot ETF was found to be insufficiently protected against fraud and manipulation, like many ETF proposals before it. The United States Securities and Exchange Commission (SEC) maintained its perfect record for rejecting Bitcoin (BTC) spot exchange-traded fund (ETF) applications Friday when it disapproved a rule change to allow cryptocurrency-focused hedge fund…

Solana Foundation defends decentralization amid patch coordination claims
Solana Foundation’s Dan Albert highlighted the network’s distributed block-producing nodes, arguing that coordinating a patch does not mean centralization.

Aavegotchi (GHST) gains 50% as ‘Gotchiverse’ auctions set a path to the Metaverse
The world of decentralized gaming has seen significant growth in 2021 as the rise of play-to-earn (P2E) gaming merged with NFTs to open the first pathway to the Metaverse.Aavegotchi is currently making inroads in the blockchain-based gaming sector with a somewhat novel approach that incorporates features from P2E gaming, NFTs and decentralized finance (DeFi).Data from…