Author: Cointelegraph By Martin Young

Bitcoin Investing Made Simple!

AI scientists urge ‘contingency plan’ in case humans lose control of AI 

In an open letter, scientists shared worry that the loss of human control or malicious use of AI systems could lead to catastrophic outcomes for all of humanity.  Source link

Consumer watchdogs call for EU action on in-game digital money

Consumers fall prey to many deceptive practices when buying and using in-game currencies in video games, claims BEUC. Source link

US lawmakers divided in first Congressional hearing on DeFi

Pro-crypto Representatives noted the need for a freer financial system, while more skeptical lawmakers blamed DeFi for crime, scams and tax evasion. Source link

SEC ‘dug in’ on bank crypto custody rule as agency’s stance ‘unchanged’

SEC chief accountant Paul Munter said agency staff views on a divisive rule curtailing banks from offering crypto custody services “remain unchanged.” Source link

FTX pencils deal to access $600M in Robinhood shares

FTX debtors will pay Emergent $14 million to cover administrative expenses in exchange for the firm withdrawing any claims to $600 million in Robinhood shares and cash. Source link

Japanese power giant TEPCO explores ‘green’ Bitcoin mining: Report

The company aims to prevent wasted renewable energy through curtailment and promote the widespread use of Bitcoin mining. Source link

Trump vows to make US 'world capital of crypto,' taps Musk for new task force

 “Instead of attacking industries of the future, we will embrace them,” said Donald Trump in reference to the crypto industry in America. Source link

Pro-XRP attorney John Deaton wins Republican US Senate primary

The pro-crypto lawyer secured victory in the Massachusetts Republican primary race and will now face off against industry antagonist Elizabeth Warren in November.  Source link

Arthur Hayes explains why Fed rate cuts aren't helping Bitcoin

The flow of money has gone from treasury bills into higher-yielding reverse repos, according to the former BitMEX boss.  Source link

Central banks buying gold at record levels, but Bitcoin still outperforms

Central banks bought a record 483 tonnes of gold in the first half of 2024, driving the asset to an all-time high.  Source link