Miami Heat star, ‘Bitboy’ agree to cough up $340K to settle Binance promo suit

Regulators in the EU concluded another round of voting which added a new ban on the public use of biometric surveillance into its forthcoming AI Act. 76 Total views 2 Total shares Lawmakers in the European Union have forwarded their measures for artificial intelligence (AI), such as ChatGPT, to the next phase after concluding a…

Bitcoin (BTC) firmly recommitted to its trading range on June 7 after a fresh move higher was met with a swift sell-off.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView“Some of the best chop we’ve seen”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rejecting decisively at resistance it last encountered on June 1.The pair had delivered…

Since the introduction of ICQ — the progenitor of online chat applications — the expectation from instant messaging (IM) services has never changed. Users simply want them to work, which apparently turned into a tall order, given the frequent downtimes most popular chat apps experience nowadays. Launched the same year as Bitcoin (BTC), WhatsApp is one…

Research and Market’s latest NFT market report for Italy predicts a 47.6% growth in the country’s NFT market by the end of 2022. 389 Total views 5 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as NFTItaly is one of the cultural hubs of Europe, with centuries of history, art and culture. Now, it…

Upstart crypto company Saga wants to issue a new global currency on the blockchain. Just don’t call it a stablecoin.Saga’s SGA digital currency relies on an international reserve asset called Special Drawing Rights (SDR), which was introduced by the International Monetary Fund in 1969. This is a conventional basket of major world currencies — the…

The digital divide between those for and against cryptocurrencies is widening among U.S. policymakers. 87 Total views 17 Total shares The Biden Administration has just passed an executive order furthering research into crypto assets in view of regulating them, but politicians within the ruling Democrat party remain deeply divided on digital currency.The lack of consensus…

The digital rupee is intended as a supplement to the current payment system and not its replacement. 496 Total views 3 Total shares Having tested the wholesale usage of its central bank digital currency (CBDC), the Reserve Bank of India (RBI) is preparing to conduct the retail pilot of the “digital rupee.” The pilot should…

European Central Bank executive board member Yves Mersch believes that the main impediment for CBDC is philosophical rather than technological. A number of countries such as China and Sweden are already experimenting with central bank digital currencies, which are also referred to as CBDCs. The implementation of this new type of money requires a number of aspects…

The World Economic Forum (WEF) announced the formation of six separate “fourth industrial revolution councils” to work on new technology policy guidance, according to a press release shared with Cointelegraph on May 29.Per the release, the councils intend to help regulators regulate artificial intelligence, autonomous mobility, blockchain, drones, internet of things and precision medicine. The…