Results For: artificial intelligence
FTX Reveals Plan to Reimburse Creditors, Most Will Receive 118% of Claims
The cryptocurrency exchange FTX has announced a reorganization plan that aims to fully compensate its creditors. Surprisingly, most creditors stand to gain more than they initially lost. In a late Tuesday court filing, FTX estimated its debt to creditors to be around $11.2 billion. However, it has managed to secure between $14.5 billion and $16.3 …...
Google Sues Alleged Chinese Scammers for Cryptocurrency Fraud
Alphabet Inc.’s Google has filed a lawsuit against two individuals based in China. The tech giant accused them of using the company’s platforms to distribute and advertise fraudulent cryptocurrency apps, according to Bloomberg. The lawsuit, filed in federal court in New York on Thursday morning, alleges that the defendants engaged in racketeering, violating the Racketeer …...
Portuguese Data Regulator Temporarily Limits Worldcoin
The National Data Protection Commission (CNPD), Portugal’s data regulator, has decided to temporarily limit Worldcoin and its collection of biometric data through its Orb devices within the country. The measure aims to protect the rights of Portuguese citizens, particularly minors. This measure comes into effect immediately and will stay in place until the conclusion of …...
🥛 Ethereum’s in the hot seat 🧐
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Coinbase Report Urges Caution on Emerging Crypto AI Sector
A new report from Coinbase suggests the recent hype and growth around cryptocurrencies related to artificial intelligence may ultimately prove unsustainable long-term without additional progress. The analysis strikes a note of current market enthusiasm, pushing many AI tokens notably higher. Key details: Despite the recent euphoria where crypto assets linked to AI have left Bitcoin, …...
SEC Charges Crypto Trader With Defrauding Students of $1.2 Million
The U.S. Securities and Exchange Commission (SEC) charged crypto trader Brian Sewell and his firm Rockwell Capital Management with fraudulently soliciting $1.2 million from students under false pretenses and losing the money to hackers. Key details of the SEC complaint: According to the SEC complaint, Sewell touted robust artificial intelligence and crypto trading technologies to …...
Vitalik Buterin Outlines Potential Crypto + AI Use Cases and Risks
Ethereum co-founder Vitalik Buterin recently explored emerging intersections between crypto and artificial intelligence in an extensive blog post. He argued that certain applications appear to be far more robust than others currently. Buterin categorized crypto + AI opportunities into four types, ordered by viability: Most Viable High Potential Proceed Carefully Longer-Term Potential Read more: Floki …...
🥛Forget prices, let’s talk use cases 👀
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Mastercard Partners with AI Firm to Boost Crypto Fraud Detection
Mastercard has announced a new partnership with Feedzai, an artificial intelligence company, to enhance its capabilities to detect and prevent cryptocurrency fraud. The partnership details shared with CNBC come as Mastercard looks to increase oversight of the crypto sector. While the cryptocurrency realm is a booming sector, it remains prone to money laundering, scamming, and …...
🥛 Introducing the Milk Road Awards 🏆
Today’s edition is brought to you by Animus Technologies – an AI platform designed to develop data-driven trading strategies for cryptocurrencies. To leverage AI and start out-returning Bitcoin, book a call with them today! GM. This is Milk Road, where we digest the crypto news so you don't get an information bellyache. Here’s what we …...
