Highlighting the tension between media companies and AI (AI) technology, a recent Wired report revealed that 88% of leading news outlets in the United States are actively blocking AI web bots. This move led by concerns over copyright infringement and uncompensated use of content, reflects growing opposition within the media industry to data collection activities … Read more
Axiom, a smart contract platform, has successfully secured $20 million in Series A funding, according to the official blog. The funding round was led by prominent crypto-focused venture firms Paradigm and Standard Crypto, with additional investment from Robot Ventures and Ethereal Ventures. This milestone marks a crucial step in Axiom’s mission to revolutionize the accessibility … Read more
The Financial Stability Board (FSB) has published its work program for 2024, highlighting a robust approach to the regulation of cryptoassets and a strong focus on the financial implications of digital innovations such as tokenization and artificial intelligence (AI). The FSB, the international body responsible for overseeing the global financial system, has drawn up a … Read more
The UK’s journey towards potentially introducing a digital pound, colloquially referred to as ‘Britcoin’, has introduced a new phase. The Bank of England (BoE) and HM Treasury have published their response to the digital pound consultation on 25 January 2024, signifying a cautious but progressive approach to exploring Central bank digital currency (CBDC) in the … Read more
The Pokémon Company has launched an investigation into Palworld, a survival game by Pocket Pair, Inc., following allegations of plagiarism. The move comes as a surprise to many given the game’s outstanding commercial success, having sold eight million copies, eclipsing even Pokémon Legends: Arceus in sales. The controversy began with accusations from various parties about … Read more
SAP SE, the world leader in enterprise application software, has announced a wide-ranging restructuring plan for 2024 with a budget of approximately €2 billion. The strategic move will affect around 8,000 positions across the company as SAP pivots to focus more on AI (AI) business areas. This decision reflects the evolving landscape of the technology … Read more
US Senator Cynthia Loomis (R-WY) recently reaffirmed her support for the cryptocurrency industry, stressing that the main problem is bad actors, not the assets themselves. This position was highlighted during a heated exchange with Senator Elizabeth Warren regarding the financial implications of cryptocurrencies compared to traditional fiat currencies. she stated $900 million in non-crypto … Read more
B² (B Square) Network, a player in Bitcoin’s Tier 2 solutions, provides significant initial investment from a range of influential venture capital firms. This strategic financial infusion marks a pivotal moment for B² Network as it aims to enhance Bitcoin’s capabilities and foster a robust ecosystem around its Layer 2 infrastructure. At the forefront of … Read more
Dr. Craig Wright, who claims to be Satoshi Nakamoto, the creator of Bitcoin, has made a significant move by offering a settlement to the Crypto Open Patent Alliance (COPA) and other key parties in the ongoing legal confrontations over Bitcoin. The move comes amid its efforts to claim his claims about Bitcoin’s original vision and … Read more
The US Securities and Exchange Commission (SEC) has postponed its decision on BlackRock’s proposed spot Ethereum (ETH) exchange-traded fund (ETF), a move that reflects the regulator’s cautious approach to cryptocurrency-based investment products. This decision, announced just a day before the original deadline of January 25, 2024, marks an important moment in the evolving landscape of … Read more