Prosecutors and defense lawyers agreed to a bail modification having the former Celsius CEO under electronic monitoring and largely be restricted from moving funds over $10,000. A federal judge has approved a joint request from lawyers for Alex Mashinsky and the United States Department of Justice modifying the former Celsius CEO’s bail conditions to include...Continue Reading

The ongoing spat between the United States and China over emerging tech like AI continues as U.S. President Joe Biden restricts investments. The emergence of high-level artificial intelligence (AI) technology has caused the United States and China to safeguard their resources in a race to develop the most powerful systems. A tense relationship is developing...Continue Reading

A combination of trends already underway and deliberate industry action could lead to crypto’s watershed moment in terms of public adoption. For many, the crypto industry feels as though it’s hovering on the brink. It attracts high-profile attention and headlines; yet widespread public interest and adoption haven’t yet followed.  There may be a variety of...Continue Reading

Apple developing AI to run locally on your phone, researchers ‘hypnotize’ GPT-4 to turn it evil, and Google negotiates a deep fake music deal. Apple wants to put an AI in your pocket Apple has been playing its cards close to its chest when it comes to AI. While rival Microsoft has jumped on the...Continue Reading

The task force is a part of the Bank of International Settlements’ Committee on Payments and Market Infrastructure. The Bank for International Settlements (BIS) has recently announced a cross-border payments interoperability and extension (PIE) task force which includes the blockchain-based digital payment network, Ripple.  On Aug. 9, BIS announced the members of the PIE task...Continue Reading

FTX strongly criticized the UCC’s pursuit of asset control, as it recommended that debtors allocate nearly $2.6 billion from cash reserves into short-term Treasuries. FTX debtors led by chief restructuring officer John J. Ray III have expressed disapproval of traders and market makers within the Official Committee of Unsecured Creditors (UCC) who are aiming to...Continue Reading

Arno Bauer, the senior solution architect at BNB Chain, denies the “Ethereum killer” tag in a discussion highlighting new BNB Chain updates. Episode 25 of Cointelegraph’s Hashing It Out podcast explores the BNB Chain ecosystem with Arno Bauer, the blockchain’s senior solution architect. Bauer explains the rationale behind creating the BNB Chain and how the...Continue Reading

India’s central bank said that there’s a potential for an AI system that would initiate transactions through a conversation. The Reserve Bank of India (RBI), the country’s central bank, has published a press release that floated the idea of using artificial intelligence (AI) on conversational payments in the unified payments interface (UPI), which is an...Continue Reading

The feature is envisaged as part of the country’s national web browser project. Indian citizens might soon have the option to sign documents digitally through crypto tokens. The feature is envisaged as part of a project to develop a national web browser spearheaded by the Ministry of Electronics and Information Technology. On Aug. 9, the...Continue Reading

Bitcoin looks set to benefit little from the latest CPI figures, analysts warn, with fresh BTC price losses firmly on the cards. Bitcoin (BTC) hovered near $29,500 on Aug. 10 as markets braced for a fresh United States Consumer Price Index (CPI) print. BTC/USD 1-hour chart. Source: TradingView Trader warns of Bitcoin “downside” despite CPI...Continue Reading