Security News

Top federal agencies in the United States are teaming up to revise the meaning of “money” to tighten reporting requirements on financial institutions for domestic and cross-border cryptocurrency transactions. The US Department of the Treasury issued a semiannual regulatory agenda on Aug. 16, revealing an upcoming federal attempt to level the regulatory playing field for cryptocurrencies and […]

California State Senator Scott Wiener, in response to criticism from Speaker Emerita Nancy Pelosi, defended an artificial intelligence bill, arguing that safety should not be entrusted solely to technology companies and venture capitalists. California’s “Safe and Secure Innovation for Frontier Artificial Intelligence Models Act,” also known as Senate Bill 1047, requires AI developers to put […]

The Turkish cryptocurrency landscape is experiencing a major transformation as prominent companies like Coinbase and KuCoin compete to obtain business licenses in the country. This surge in applications follows regulatory updates by the Turkish Capital Markets Board (CMB), marking a critical juncture for the nation’s burgeoning crypto sector. A growing list of applicants On Aug. 9, the […]

India’s law enforcement has arrested a man suspected of kidnapping two people connected to a once well-known crypto ‘Ponzi’ in an attempt to “recover his investment.” In an Aug. 17 statement, the Indian Enforcement Directorate (ED) of Ahmedabad said Shailesh Babulal Bhatt lost money investing in BitConnect Coin, a cryptocurrency linked to the now-defunct crypto platform […]

Artificial intelligence firm Osmo is working diligently to bring back the future we were promised in 1960 when Hans Laube introduced the world to “Smell-O-Vision.” Only this time, the goal is to improve the lives of humans everywhere by teaching computers how to interpret scent. Osmo’s technology is a complex, multidisciplinary amalgamation of science and […]

Bitcoin policy has been the talk of the town in Washington, D.C. ever since former President Donald Trump, Republican Senator Cynthia Lummis (WY), and presidential candidate Robert F. Kennedy Jr. all announced their support for a strategic Bitcoin reserve at the Bitcoin 2024 conference in Nashville. Yet, the renewed introduction of another proposal in Congress flew […]

Swiss technology firm FinalSpark recently launched a program that allows scientists to rent cloud access to “biocomputers” made out of human brain cells for a mere $500 a month. The purpose of these biocomputers, according to FinalSpark, is to develop a highly efficient, low-energy solution to the ballooning costs associated with developing artificial intelligence models. […]

Former Yuga Labs creative director for Bored Apes Yacht Club Jeff Nicholas will be joining Meta’s Reality Labs as an executive producer for mixed reality entertainment experiences. Nicholas announced the move on X and LinkedIn, stating that he’ll begin his new position in September. Source: Jeff Nicholas. He also added that he’d be working specifically on […]

Cryptocurrency exchange Coinbase recently launched an artificial intelligence accelerator grant program to award $3K to five projects focused on combining AI with crypto wallets. According to Coinbase CEO Brad Armstrong, large language models (LLMs) — the technology behind AI systems such as OpenAI’s ChatGPT and Anthropic’s Claude — could accomplish finance-related tasks if they were […]

Malaysia has adopted Worldcoin’s controversial iris scan technology for personal verification, marking a significant step in the nation’s digital transformation journey. The Worldcoin Foundation, Tools for Humanity (TFH), and MyEG have signed a memorandum of understanding with MIMOS Berhad, the Malaysian government’s application research and development department. Collaboration areas This collaboration aims to integrate Worldcoin technology into […]