Here’s what’s happening in Web3 and AI at a glance.
Web3
Vodafone Eyes SIM Card Crypto Integration
1️⃣Vodafone plans to integrate blockchain technology with SIM cards, targeting mass adoption with projections of 8 billion smartphones and 5.6 billion crypto wallets by 2030.
Uniswap CEO Pushes for Ethical Token Distribution
2️⃣Hayden Adams, CEO of Uniswap, criticizes deceptive token distribution practices and emphasizes transparency. He advises against low float tokens, misleading token prices, and excessive token supply.
Coinbase Faces Lawsuit Over Securities
3️⃣A class-action lawsuit accuses Coinbase of selling unregistered securities through its digital asset sales. The lawsuit claims that crypto assets like Solana’s tokens qualify as securities.
Bitfinex Denies Data Breach
4️⃣Bitfinex CTO refutes claims of a large-scale data breach and maintains no evidence of a compromise. The exchange suspects a marketing ploy by a hacking group.
NFT Copyright Controversy: Moonbirds in Limbo
5️⃣Yuga Labs’ attempt to grant exclusive commercial rights to Moonbirds NFT holders clashes with the collection’s Creative Commons 0 designation, raising questions about NFT ownership and IP rights.
LayerZero Offers Amnesty to Sybil Farmers
6️⃣LayerZero Labs launches a self-reporting program for users who engaged in sybil activity (creating fake accounts) to claim airdrops. They offer 15% of the intended allocation for honesty within a 14-day window.
BTC-e Co-founder Pleads Guilty to Money Laundering
7️⃣Alexander Vinnik, co-founder of the infamous crypto exchange BTC-e, pleads guilty to money laundering conspiracy in the US. The exchange allegedly processed over $9 billion in transactions and facilitated money laundering for various criminal activities.
Cred Executives Charged with Fraud
8️⃣The US DOJ charges former executives of Cred, a bankrupt crypto lending platform, with conspiracy, wire fraud, and money laundering. Cred is accused of misleading investors and causing them to lose over $783 million in crypto holdings.
AI
OpenAI Eyes Challenge to Google Search
1️⃣OpenAI may be developing a search engine powered by its GPT-4 language model, potentially rivalling Google Search and Perplexity AI. This could significantly disrupt the web search landscape.
CFTC Eyes Heightened Penalties for AI Misuse
2️⃣The CFTC proposes stricter regulations for AI in financial markets. Commissioner Kristin Johnson suggests harsher penalties for those who use AI to commit fraud or manipulate markets.
UK Calls for Tighter AI Regulations
3️⃣The UK government is facing pressure to strengthen its oversight on AI. Concerns include copyright infringement, market competition, and the need for clearer policies on AI standards.
Microsoft Invests $2.2 Billion in Malaysia’s AI
4️⃣Microsoft announced a $2.2 billion investment in Malaysia to expand cloud and AI services. This investment aims to boost Malaysia’s AI capabilities and create skilling opportunities.
Elliptic Uses AI to Detect Bitcoin Laundering
5️⃣Elliptic leverages AI to enhance its blockchain forensics tools. Their new system can identify money laundering activities and hidden illicit wallets more effectively.
Bing Gains Search Market Share with AI
6️⃣Microsoft’s Bing search engine is gaining traction due to its integration of AI technology. Bing’s AI-powered features provide more conversational search experiences, attracting users away from Google.
Musicians Seek Protection from AI Deepfakes
7️⃣A Senate hearing addressed the risks of AI-generated likenesses and deepfakes. Musicians like FKA Twigs emphasized the importance of protecting artist identity and legacy in the age of AI.
Apple Poaches Google AI Experts
8️⃣Apple is reportedly recruiting heavily from Google, building its own team of AI and machine learning specialists. This strategic move suggests Apple is ramping up its development of AI technologies.
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