Business

Public needs to know blockchain use cases, AI needs regulation now — Andrew Yang

[ad_1] Andrew Yang, former candidate for United States president and New York City mayor and founder of the Forward Party, had sobering observations about the uses of blockchain, or its lack of use, in the United States and U.S. regulation of artificial intelligence (AI) when he spoke Nov. 16 at the North American Blockchain Summit (NABS) in Fort Worth, TX.Yang, who described himself as “enormous believer in smart money, smart currencies,”
BLOCKCHAIN

Failed ‘$175M’ real estate token raise draws ire of Texas regulators

[ad_1] The Texas State Securities Board has accused a network of companies under the "GS" brand and operating from Germany of fraudulent activities "tied to digital assets, investments in a staking pool in a proprietary metaverse." The network of companies is controlled by Josip Dortmund Heit.As described by regulators on November 16, respondents GS Partners, GS Smart Finance and GS Wealth allegedly held three rounds of metaverse property sales beginning
Business

Meta introduces AI models for video generation, image editing

[ad_1] Social media giant Meta has introduced its latest artificial intelligence (AI) models for content editing and generation, according to a blog post on Nov. 16. The company is introducing two AI-powered generative models. The first, Emu Video, which leverages Meta's previous Emu model, is capable of generating video clips based on text and image inputs. While the second model, Emu Edit, is focused on image manipulation, promising more precision in
Business

Vivek Ramaswamy unveils crypto policy platform criticizing mixer sanctions

[ad_1] Republican U.S. Presidential candidate Vivek Ramaswamy unveiled a crypto policy framework on November 16 at the North American Blockchain Summit (NABS) in Fort Worth, Texas. Called, “The Three Freedoms of Crypto,” the framework states that developers of smart contract code should not be held liable for the actions of people who use the code. In the document, Ramaswamy vowed to “direct government prosecutors to prosecute bad actors, not the code
Business

Tether plans major expansion into BTC mining with $500M investment: Report

[ad_1] Tether is planning a large-scale expansion into Bitcoin (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon. The stablecoin firm may spend around $500 million in the next six months on the construction of mining facilities and investments in other miners, Ardoino told Bloomberg in an interview. The company will build mining facilities in Uruguay, Paraguay and El Salvador as it grows
Business

Brazil’s crypto regulatory environment is driving competitiveness — CEO of Coinext

[ad_1] Cryptocurrency may be "out of fashion", but it still draws new users to Web3 every day, in particular in emerging markets such as Brazil, according to Bitcoin maximalist José Ribeiro, CEO of crypto exchange Coinext. During the Web Summit in Lisbon, Ribeiro discussed with Cointelegraph's Joe Hall Bitcoin's perspectives, Brazil's vibrant crypto economy and how regulatory clarity has boosted competition in the country's payments sector.According to Ribeiro, the Bitcoin volume
Business

Aave Companies rebrands to Avara, acquires Ethereum self-custody ‘Family Wallet’

[ad_1] Decentralized finance (DeFi) group Aave Companies has been rebranded to Avara as it looks to broaden its user base across the Web3 ecosystem.Stani Kulechov, founder and CEO of Avara (formerly Aave Companies), tells Cointelegraph that the company’s growing number of offerings, including liquidity protocol Aave, the GHO stablecoin, Lens Protocol and Sonar, necessitated an umbrella brand with broader Web3 appeal. “We will continue to innovate in DeFi and build
Business

BTC price dips 4% as Bitcoin analysis reveals low liquidity above $33K

[ad_1] Bitcoin (BTC) saw a classic pullback after the Nov. 16 Wall Street open as deja vu BTC price action continued.BTC/USD 1-hour chart. Source: TradingViewAnalysis: Door open to deeper BTC price correctionData from Cointelegraph Markets Pro and TradingView followed Bitcoin as it descended to $36,470 — down over $1,000 on the day.The landscape closely followed events from earlier in the week, where bulls failed to flip new highs to support
Business

Boosting blockchain adoption by keeping tech on the back end

[ad_1] Understanding the difference between the front and back end is crucial with Web3 technology. The term “front end” describes the portion of Web3 applications that consumers interact with directly. This includes the technology’s user-facing side, websites and decentralized applications (DApps). The back end, on the other hand, refers to the complex system that supports these Web3 applications. Everything from distributed ledgers and smart contracts to consensus protocols is included here.However,
BLOCKCHAIN

Boosting blockchain adoption by keeping tech on the back end

[ad_1] Understanding the difference between the front and back end is crucial with Web3 technology. The term “front end” describes the portion of Web3 applications that consumers interact with directly. This includes the technology’s user-facing side, websites and decentralized applications (DApps). The back end, on the other hand, refers to the complex system that supports these Web3 applications. Everything from distributed ledgers and smart contracts to consensus protocols is included here.However,