How senators plan on regulating AI: Law Decoded, Sept. 4–11

[ad_1] Last week, two United States senators unveiled a bipartisan blueprint for artificial intelligence (AI) legislation. The framework put forward by Senators Richard Blumenthal and Josh Hawley advocates for mandatory licensing for AI firms and makes it clear that technology liability protections will not shield these companies from legal action.The framework proposes creating a licensing system overseen by an independent regulatory body. It mandates that AI model developers register with

Arbitrum (ARB) falls to all-time low as network usage metrics decline

[ad_1] Arbitrum has emerged as a leading contender within the Ethereum network’s layer-2 scalability solutions, boasting a significant total value locked (TVL) and notable activity. However, between Sept. 9 and Sept. 11, the price of Arbitrum (ARB) tokens experienced a sharp decline of 14.5%, marking its lowest point in history.Investors are now eagerly seeking insight into the factors driving this movement and questioning whether Arbitrum still possesses the competitive edge,

Blockchain could authenticate AI as crypto racks up court victories: Rep. Emmer

[ad_1] Blockchain could be used to authenticate the real from what is generated by artificial intelligence, Congressman Tom Emmer suggested Sept. 11 at the Permissionless II conference. That would combine nicely with other progress being seen in United States cryptocurrency policy, he said.Speaking on a panel, Emmer began on a cautious note, saying the recent Ripple and Grayscale wins in court are still subject to appeal. But an upcoming United

XRP bucks trend as crypto assets experience 4th straight week of outflows

[ad_1] Cryptocurrency asset outflows for the week of Sept. 3 through 9 totaled $59.3 million, bringing the current run to $249 million over four consecutive weeks. Bitcoin (BTC) experienced the bulk of activity last week, with its $68.9 million in outflows offset by Short Bitcoin inflows in the amount of $15.2 million and $0.7 million from XRP (XRP). According to CoinShares, regulatory and financial market insecurity are to blame for the

Bitcoin price dips below $25K — Opportunity, or a sign of incoming calamity?

[ad_1] Bitcoin stands at the edge of a bearish breakdown, with a small possibility that the $25,000 support level could hold.On Sept. 11, Bitcoin (BTC) broke from its parallel range between $25,500 and $26,500, falling to an intraday low at $24,950. A daily close below $24,750 threatens a drop to the sub-$20,000 range, but there's a slight chance that the bullish momentum could revive.According to pseudonymous trader Horse, Bitcoin at

Google Chrome launches built-in user tracking for advertisers

[ad_1] Google Chrome launched its built-in tracking and ad-curation platform, “Privacy Sandbox,” on Sept. 11, according to a company blog post. The platform was originally rolled out to a small percentage of users but is now available to around 97% of users. Google said the remaining 3% will be onboarded over the next few months.Privacy experts have criticized the new tracking system. But in its announcement, Google defended it, stating

FTX has $222M in Bahamas real estate, 1,300 tokens: shareholder presentation

[ad_1] FTX has released its presentation materials for the shareholder meeting taking place Sept. 11-12. The unrestricted portion provides a clear overview of the company’s current state and its slow march toward settlement. The shareholders will begin their day with an account of the claims against the cryptocurrency exchange. Over 2,300 non-customer claims have been filed against it, including those from Genesis, Celsius and Voyager. The claims are worth $65 billion,

Google launches Digital Futures Project with $20M in grants to support ‘responsible AI’

[ad_1] Google and its charitable arm,, launched the Digital Futures Project, an initiative to study responsible artificial intelligence (AI) technologies, on Sep. 11. The Mountain View company will invest a total of $20 million in grants to leading think tanks and academic institutions around the world with the expressed aim “to facilitate dialogue and inquiry” into AI technologies. According to a blog post, Google wishes to address issues of fairness,

How Web3 improves data storage: GhostDrive joins Cointelegraph Accelerator

[ad_1] What would drive the next billion users to the blockchain ecosystem? Green price charts for related coins, or perhaps more acceptance from governments around the world? Both can help draw the masses’ attention to blockchain-based technologies. However, the real-world uses would generate enough interest for the average user to try out the technology — an app or a service that provides utility for the end-user.Data storage is a crucial

Aave v3 fork debuts noncustodial liquidity markets on Base

[ad_1] A collaboration across decentralized finance (DeFi) developers is introducing a non-custodial liquidity markets on layer-2 network Base, promising to enable trustless smart contracts to automatically connect liquidity pools with borrowing strategies.Behind the initiative are developers from Seashell, RNG Labs, and Loreum Labs, along with advisers and collaborators from Ampleforth, Uniswap and other projects. The group built the Seamless Protocol, a fork of Aave v3 that allows smart contracts with