Called Salsal, the big idea behind the service is to bridge the world of historical artifacts with an on-chain validation system that can’t be fudged or cloned. Continue Reading on Coin Telegraph More
Meanwhile, the bipartisan Blockchain Regulatory Certainty Act, sponsored by Republican Representative Tom Emmer and Democratic Representative Darren Soto, also passed a vote in the FSC. It aims to set guidelines removing hurdles and requirements for “blockchain developers and service providers” such as miners, multisignature service providers and decentralized finance platforms.Continue Reading on Coin Telegraph More
Kiyosaki stressed that the recent upswing in the stock market was primarily driven by President Joe Biden’s decision to lift the debt ceiling, exacerbating the nation’s financial burden. Simultaneously, he extolled Bitcoin as a potential safe haven.The WSJ article, titled “U.S. Economic Growth Accelerates, Defying Slowdown Expectations”, published on July 27, 2023, emphasized a 2.4% economic surge in the US for the Q2 2023. It interpreted this as a signal of recession avoidance.WSJ attributed this growth to relatively low inflation, compared to historical norms, and a solid labour market. The article also mooted a “soft landing” scenario where inflation would revert to the Federal Reserve’s 2% target, sans triggering a recession.Kiyosaki, however, possesses a contrasting perspective on the economic situation. He has been cautioning about potential threats to the US dollar’s dominance as the global reserve currency.The threats are coming particularly from the emerging markets like Brazil, Russia, India, China, and South Africa. He asserts that a declining dollar value may lead to an influx of foreign investment back to the United States. This could have adverse economic implications.The celebrated investor is known for his critique of governmental fiscal policies, deriding the Federal Reserve and similar entities as the “Adams family” and “cartoons killing the economy”. According to Kiyosaki, the government isn’t prioritizing the welfare of the people, and the economy is verging on a serious downturn.Over time, Kiyosaki has promoted investments in precious metals like gold and silver over the faltering US economy, recognizing them as safer bets. However, Bitcoin, the leading cryptocurrency, has become his prime focus recently. He consistently advises his followers to invest in Bitcoin, forecasting a value of $120,000 by 2024.He also projects that Bitcoin’s value will rise, providing a hedge against the diluting dollar, particularly when the US currency’s influence wanes and “trillions of US $” flow back into the country.Robert Kiyosaki is widely recognized for his best-selling book “Rich Dad Poor Dad”, which provides insights into financial education and independence. He is known for his expertise in investing and financial literacy, advising individuals on wealth creation and management strategies.This article was originally published on Crypto.news More
Numerous YouTube channels are dedicated to teaching machine learning concepts, algorithms and practical applications. This article will explore seven top YouTube channels that offer high-quality content to help you grasp the fundamentals and advance your machine-learning expertise.Continue Reading on Coin Telegraph More
LONDON (Reuters) – A German data watchdog has been investigating OpenAI CEO Sam Altman’s Worldcoin project since late last year due to concerns over its large-scale processing of sensitive biometric data, the regulator’s president told Reuters.Worldcoin, which launched last week, requires users to give their iris scans in exchange for a digital ID and, in some countries, free cryptocurrency as part of plans to create a new “identity and financial network”.The Bavarian State Office for Data Protection Supervision started investigating Worldcoin in November 2022 because of concerns that the project seeks to process “sensitive data at a very large scale” using new technology, Michael Will, the state regulator’s president, told Reuters in emailed comments on Friday.Will said the Bavarian state regulator is the lead authority investigating Worldcoin under the European Union’s data protection rules because Tools For Humanity, the company behind Worldcoin, has a German subsidiary there.”These technologies are at first sight neither established nor well analysed for the specific core purpose of the processing in the field of transferring financial information,” Will said.This leads to a number of risks, including whether users have given explicit consent to their highly-sensitive biometric data being processed on the basis of “sufficient and clear” information, Will said. Worldcoin did not immediately respond to a request for comment. Its website describes its network as “privacy-preserving” and says personal data is stored in encrypted form.The Worldcoin Foundation, a Cayman Islands-based entity, told Reuters via email last week that it complies with the European Union’s rules and will continue to cooperate with governing bodies’ requests for information about its privacy and data protection practices.Since the project’s launch, people have been getting their faces scanned by a shiny spherical “orb” in sign-up sites around the world including in France, Germany and Spain. Worldcoin says 2.1 million have signed up, mostly during a trial period over the last two years.Privacy campaigners have long raised concerns about the wide-scale collection and storage of biometric data, which could increase surveillance or target certain demographic groups.Several European supervisory authorities see Worldcoin as a matter of interest and requested information, Will added.France’s privacy watchdog told Reuters on Friday that the legality of Worldcoin’s data collection “seems questionable”.Britain’s data regulator has also said it will make enquiries into the project. More
Curve Finance is one of the key decentralized finance (DeFi) protocols due to its key liquidity services, and the code vulnerability has put nearly $100 million worth of digital assets at risk.Continue Reading on Coin Telegraph More
On July 30, several stablepools on Curve Finance were exploited due to malfunctioning reentrancy locks on several versions of the Vyper programming language. The losses from Curve Finance are estimated to be around $47 million. However, DeFi protocols that were using the vulnerable versions of Vyper were also exploited, exposing the DeFi ecosystem to a stress test. Continue Reading on Coin Telegraph More
“We really didn’t have a choice at that point. Delisting every asset other than bitcoin, which by the way is not what the law says, would have essentially meant the end of the crypto industry in the U.S.,” Armstrong told the FT.”It kind of made it an easy choice … let’s go to court and find out what the court says,” he added.The SEC had accused Coinbase of operating illegally because it failed to register as an exchange. It also alleged that Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens such as Solana, Cardano and Polygon.The SEC told the FT that its enforcement division did not make formal requests for “companies to delist crypto assets”.”In the course of an investigation, the staff may share its own view as to what conduct may raise questions for the commission under the securities laws,” FT said, citing the SEC.In response to the FT report, a Coinbase spokesperson said the SEC had never shared a position that all assets other than bitcoin were securities, and that staff don’t make formal requests such as the one implied by the article without a vote of the full commission. “We continue our discussions with the Commission, but believe that transparent and fair rulemaking and Congressional action represent the best path forward for American crypto users and the companies building the cryptoeconomy in the US,” the spokesperson added.The regulator sued Binance in June, with both civil cases part of SEC Chair Gary Gensler’s push to assert jurisdiction over the crypto industry.Gensler has labeled the crypto industry a “Wild West” that has undermined investor trust in the U.S. capital markets. Crypto companies say the SEC rules are unclear, and that the agency is overreaching by trying to regulate them.The SEC did not immediately respond to a Reuters request for comment on the report. More
