The Biden administration is proposing a 30% energy tax on cryptocurrency miners and swipe readers due to the “negative externalities” associated with the sector. President Joe Biden’s government is keen to ensure that cryptocurrency miners are held accountable for their energy consumption in order to minimize any potential environmental and economic damage.
The UK Competition and Markets Authority (CMA) is launching a study to investigate the implications of Artificial Intelligence development and deployment on consumers and the economy. Specifically, they will be inspecting OpenAI’s ChatGPT tool, adhering to principles such as safety, transparency, fairness, and accountability.
In recent times, cryptocurrency has become an attractive investment option for many. This influx of new investors, however, has led to an increase in malicious activity by hackers and scammers seeking to make money quickly. One notable case was when DidYouKnowGaming, a popular YouTube channel, was hacked.
A survey in Japan on April 30th showed that 69.4% of people prefer a more monitored approach to the progress of AI due to public apprehension over the potential effects of chatbots on culture. Kyodo News research also revealed that citizens fear the further proliferation of AI chatbot systems.
The Ethereum network has seen the successful introduction of curveUSD, an algorithmic stablecoin powered by the Decentralized Finance Protocol CurveDAO. This marks a significant advancement for the DeFi space as a whole.
Coinbase’s Conor Grogan claims to have found a “jailbreak” for ChatGPT, an AI tool that predicts cryptocurrency price scenarios. The tool predicts a 15% chance of Bitcoin becoming irrelevant by 2035, with values declining by over 99.99%.
Bob Michele, the Chief Investment Officer of JP Morgan Asset Management, expressed concern about the future of regional banks in the US after emergency lending programs offered by the Federal Deposit Insurance Corporation (FDIC) and Federal Home Loan Banks (FHLB) come to an end.
The AI chatbot ChatGPT faced opposition when it gained global attention in November 2022 but has since been increasingly adopted, including its integration into Binance Academy’s services.
Samsung Electronics Co. has decided to ban its employees from using generative AI tools such as ChatGPT, after the company found staff had uploaded sensitive source code to the model without permission.
The already vast empire of Binance is likely to grow even further as the biggest cryptocurrency exchange in terms of traded volume prepares to begin operations in Japan after June 2023.
