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Last week the administration of United States President Joe Biden issued a lengthy executive order intended to protect citizens, government agencies and companies through ensuring AI safety standards. The order established six new standards for AI safety and security, along with intentions for ethical AI usage within government agencies. Biden said the
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Fidelity Investments executive Jurrien Timmer compares Bitcoin to “exponential gold,” emphasizing its potential to surpass gold’s value in response to certain economic conditions. Fidelity Investments’ Director of Global Macro Jurrien Timmer offers a perspective that sees Bitcoin as an “exponential gold,” highlighting its potential to outpace the value increase of gold
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The United States National Institute of Standards and Technology (NIST) and the Department of Commerce are soliciting members for the newly-established Artificial Intelligence (AI) Safety Institute Consortium. Participate in a new consortium for evaluating artificial intelligence (AI) systems to improve the emerging technology’s safety and trustworthiness. Here’s how: https://t.co/HPOIHJyd3C pic.twitter.com/QD3vc3v6vX— National
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The United States Securities and Exchange Commission (SEC) announced Nov. 1 that it was charging SafeMoon and three of its executives with fraud and unregistered securities sales in connection with its SafeMoon token. The Justice Department unsealed charges against the men at the same time. According to SEC allegations, SafeMoon creator Kyle Nagy,
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"Artificial intelligence holds extraordinary potential for both promise and peril," read the order. "Responsible AI use has the potential to help solve urgent challenges while making our world more prosperous, productive, innovative, and secure ... Irresponsible use could exacerbate societal harms such as fraud, discrimination, bias, and disinformation; displace and
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United States President Joe Biden issued an executive order on Oct. 30 establishing new standards for artificial intelligence (AI) safety and security. Biden’s order stated it is building off previous actions taken, including AI safety commitments from 15 leading companies in the industry. The new standards have six primary points, along
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With Stéphanie Cabossioras’ resignation, she joins at least 10 other senior executives who have left Binance this year. Stéphanie Cabossioras has resigned from her role as executive director of Binance France, the French arm of the world’s largest cryptocurrency exchange. Her departure comes as the latest in a series of high-level
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Former FTX Head of Engineering Nishad Singh said he "learned of a hole" in FTX's finances in September 2022, two months before the exchange filed for bankruptcy. Though he noticed around $8 billion missing from Sam Bankman-Fried's company, he nevertheless "green lit" transactions, which he "implicitly" knew had to have
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Ahead of the forthcoming enforcement of the European Union’s Markets in Crypto Assets (MiCA) legislation, a top Binance representative is sounding the alarm about potential large-scale removals of stablecoins from the exchange. As legal experts wrestle with interpreting the EU’s pivotal crypto regulation, concerns are growing about its effect on
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The Hong Kong Securities and Futures Commission, in their statement regarding the arrest of the alledged fraudsters, pointed out that JPEX was not licensed and lacked the authority to host a cryptocurrency trading platform within the community. Hong Kong police arrested six individuals in connection with allegations of fraud related to
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