AI
Artificial Intelligence (AI), a branch of computer science, is concerned with developing computers capable of doing tasks that would typically need human intelligence. Such tasks include learning from and adjusting to new facts or situations, reading human language, discovering patterns, problem-solving, and decision-making.
Hong Kong to Release Cryptocurrency Exchange Licensing Guidelines
The Hong Kong Securities Futures Commission (SFC) plans to release guidelines for cryptocurrency exchange licensing next month, in support of trading services to retail investors by June 1. AML/KYC regulatory requirements were key considerations in the consultation process. Some trading platforms have already received licenses, while others have chosen to cease operations.
Google Ads Used in $4M Crypto Phishing Scam
Scammers have stolen over $4 million in cryptocurrency from users falling for phishing websites promoted on Google Ads, according to blockchain analytics by ScamSniffer. The fraudulent websites prompt wallet login signature requests that compromise users’ addresses, and have targeted decentralized finance protocols, websites and brands. Metadata from some of the phishing websites has been linked to advertisers in Ukraine and Canada, who bypass Google’s ad review process by manipulating the Google Click ID parameter and using anti-debugging methods. ScamSniffer estimates that scammers spent around $15,000 on advertising which provided a return on their investments of 276%, given the $4 million stolen to date.
Bitget Pledges $10 Million for Fetch.ai Ecosystem
Bitget, a cryptocurrency derivatives exchange, has pledged $10 million towards the development of the Fetch.ai ecosystem. Fetch.ai provides infrastructure for autonomous services and features an AI agent network and smart wallet.
Santa Cruz Adopts Blockchain for Govt Services
Santa Cruz County in California is set to launch a pilot program using a blockchain-powered digital wallet for government services, including bicycle registration and RV parking registration. The program, powered by HUMBL, will launch in July 2023 and run a three-stage pilot program. The county aims to provide a formal report and rollout plan for the digital wallet by September 2023.
Blockchain Fights Climate Change
The World Economic Forum (WEF) has published a white paper outlining how blockchain technology can aid in the fight against climate change. Blockchain can improve market transparency, enhance trust and ambition within climate negotiations, democratize access to climate action, and funnel more funds to project developers. The WEF also stressed the need for constructive regulation to support digital climate innovation.
Raiffeisen Bank to Launch Crypto Investment Service
Raiffeisenlandesbank Niederösterreich-Wien is teaming up with Bitpanda to provide crypto investment services. Customers can invest in various assets regardless of the capital amount. The new offering will feature over 2,500 digital assets, including Bitcoin and Ether.
Deloitte seeks crypto experts
Deloitte is actively seeking individuals with cryptocurrency expertise, with over 300 job openings in the United States, including positions such as Blockchain & Digital Assets Manager and Tax Manager, Blockchain & Cryptocurrency. The firm signals its continued support and interest in Web3 and crypto.
Chainlink Oracles Integrate with GMX DEX
Chainlink’s low-latency oracles will integrate with the GMX decentralized exchange following a successful governance proposal, providing real-time market data to GMX v2.
Visa New Crypto Initiative
Visa is developing a new crypto product to promote the adoption of public blockchain networks and stablecoin payments. The company is seeking software engineers with experience in programming, Web3 technologies, and Solidity to build the product.
Blockchain and Human Consciousness
The reState Foundation held a virtual talk between Vitalik Buterin, co-founder of Ethereum, and Sadhguru, founder of the Isha Foundation, discussing how emerging technologies like blockchain will impact human consciousness.