The European crypto scene has gained significant traction over the past few years, with a surge in the interest in and adoption of cryptocurrencies and blockchain technology. While the crypto industry is often associated with decentralization, innovation and financial freedom, it is not immune to various political ideologies and influences, and right-wing movements are no…
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Officials in Japan are beginning to tighten their stance toward artificial intelligence (AI) after the country’s local privacy watchdog warned ChatGPT’s parent company about its data collection methods. On June 2, Japan’s Personal Information Protection Commission issued a statement asking OpenAI to minimize the sensitive data it collects for machine learning purposes. Additionally, it stresses…
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Bitcoin (BTC) bounced near multiple support trend lines into June 2 as market indecision remained in force. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Traders bet on $27,500 BTC price ceiling Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $26,519 on Bitstamp after the daily close. The pair showed little…
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Venture capital firm the Digital Currency Group (DCG) and its CEO Barry Silbert have requested to consolidate two class-action lawsuits over alleged losses during the crypto winter. In a letter sent to United States District Judge Stefan Underhill in Connecticut, the defendants argued that both cases “arise from the same facts, present overlapping legal issues…
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The Financial Action Task Force (FATF) has slammed Qatar Central Bank (QCB) for making little effort to enforce its own regulations prohibiting virtual asset service providers. In a report published on May 31, the global money-laundering and terrorist financing watchdog highlighted that Qatar needs to advance its capabilities to effectively combat evolving forms of criminal activity,…
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As the cryptocurrency industry faces regulatory challenges in the United States, public crypto exchange Coinbase is moving forward with its futures contracts. Coinbase, on June 1, revealed its plans to introduce Bitcoin (BTC) and Ethereum (ETH) futures contracts on June 5 through its Commodity Futures Trading Commission (CFTC)-regulated derivatives exchange. The futures contracts will be…
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Despite a 44% decline in Bitcoin (BTC) mining profitability over the last year, some Bitcoin mining companies have continued to build and increase production, according to recent announcements. On June 1, American Bitcoin mining firm CleanSpark announced that it had purchased 12,500 brand-new Antminer S19 XP units for $40.5 million. The deal worked out at…
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Global search interest for the term “AI” has reached a new all-time high on Google, though it’s yet to hold a candle to Bitcoin (BTC) peak mania in 2017, data has revealed. Artificial intelligence has dominated headlines over the past few months, with some suggesting that it’s the latest “tech fad” after crypto and the…
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Keep your money in an insured account, not on an uninsured payment app, the United States Consumer Financial Protection Bureau (CFPB) warned Americans in a report released June 1. The increasing popularity and utility of nonbank peer-to-peer (P2P) payment apps, including for crypto asset transactions, makes the risk of loss in the event of a…
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A team of researchers from universities in Australia and the United States, working in collaboration with quantum technology company BTQ, recently published research proposing a novel proof-of-work (PoW) scheme for blockchain consensus that relies on quantum computing techniques to validate consensus. Our new paper on using NISQ-era quantum sampling problems in proof-of-work blockchain consensus algorithms.…
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