The United States Department of Justice (DOJ) has indicted David Gilbert Saffron, an Australian national, and Vincent Anthony Mazzotta Jr., a resident of Los Angeles, for running a sophisticated $25 million artificial intelligence crypto-trading Ponzi scheme. This bold action signals
As the world becomes more reliant on AI and smart technology, growing concerns are eclipsing the initial enthusiasm. John Edwards, the UK Information Commissioner, cautions that 2024 might significantly decline public trust in AI technologies. Consequently, he called upon tech
Changpeng Zhao, better known as “CZ,” the founder of Binance, is stepping down as CEO. This news is part of a $4 billion settlement with the U.S. Department of Justice (DOJ). This decision has sparked intense reactions from investors and
Spacenet Enterprises India Limited’s recent reports highlight investments in the dynamic realms of eSports and Web3. While these ventures are set against growing market interest and potential, it is crucial to approach them with a balanced perspective, considering both the
The Dutch government, including state secretary Alexandra van Huffelen, is contemplating a temporary ban on AI software such as ChatGPT and Dall-E for government use, citing privacy and copyright compliance concerns. The Dutch government is contemplating a temporary ban on
Nomura, in collaboration with its subsidiary Laser Digital, unveils a traditional Japanese botanical garden experience in The Sandbox metaverse. The immersive venture aims to integrate heritage, sustainability, and digital asset exploration. While the initial enthusiasm surrounding cryptocurrencies and the metaverse
The UK’s Online Safety Bill for a “safer Internet” has passed its final parliamentary debate and will become law soon, following years of deliberation. This sets tougher standards for social media platforms like Facebook, TikTok, and YouTube. A game-changer The
After hosting the G20 Conference, India has made progress in cryptocurrency regulation. The country has officially approved their suggestions as a show of support for the International Monetary Fund and the Financial Stability Board. This move marks a shift from
With the European Union’s comprehensive Digital Services Act (DSA) coming into effect on Friday, August 25, more than a dozen tech titans, including Meta, Apple, and Google, are facing intense legal scrutiny in Europe. The EU’s new DSA carries new
A new study reveals that 40% of workers, around 1.4 billion individuals, need to re-skill within three years due to AI’s impact on job roles. The IBM Institute for Business Value study shows that adaptability and people skills are now
Cryptocurrencies and blockchain technology are transforming as Coinbase, a cryptocurrency exchange in the United States, takes a strategic step forward. The company has secured an equity stake in Circle Internet Financial, a player in stablecoin issuance. Today Coinbase and @circle
Tether (USDT), Dai (DAI), and RAI stablecoins will no longer be available for trade on Coinbase’s Canadian platform as of August 31 due to legislative changes in the country. The company emailed customers on August 17 to inform them of
ABOUT US
and then