SEC Fines Investment Advisors for AI Washing Scam
Cryptopolitan (RSS)
In a recent crackdown on fraudulent practices within the investment sector, the Securities and Exchange Commission (SEC) has imposed fines totaling $400,000 on two investment advisors for misleading investors with false claims about their utilization of artificial intelligence (AI). The fines warn investors to remain vigilant against AI washing scams, where companies exaggerate or misrepresent their use of AI technology to attract investments.
Misleading claims and false advertising
Delphia USA and Global Predictions, the two investment advisors in question, were found guilty of making untrue claims about their AI capabilities, leading investors to believe that sophisticated machine learning algorithms drove their stock picks. The SEC’s investigation revealed that both companies engaged in deceptive practices, misrepresenting their use of ...
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Cryptopolitan (RSS)
In a recent crackdown on fraudulent practices within the investment sector, the Securities and Exchange Commission (SEC) has imposed fines totaling $400,000 on two investment advisors for misleading investors with false claims about their utilization of artificial intelligence (AI). The fines warn investors to remain vigilant against AI washing scams, where companies exaggerate or misrepresent their use of AI technology to attract investments.
Misleading claims and false advertising
Delphia USA and Global Predictions, the two investment advisors in question, were found guilty of making untrue claims about their AI capabilities, leading investors to believe that sophisticated machine learning algorithms drove their stock picks. The SEC’s investigation revealed that both companies engaged in deceptive practices, misrepresenting their use of ...
View original post
Researchers Urge Ethical AI Development for Children’s Well-being
Cryptopolitan (RSS)
Researchers from the Oxford Martin Programme on Ethical Web and Data Architectures (EWADA), University of Oxford, call for a more nuanced approach to integrating ethical principles into the development and governance of Artificial Intelligence (AI) for children. In a recent perspective paper published in Nature Machine Intelligence, the authors underscore the critical need to adapt AI ethics guidelines to cater to children’s welfare and developmental needs.
Challenges in ethical AI for children
The study identified four main challenges hindering the effective application of ethical principles in AI development for children:
Lack of Developmental Consideration: Current AI ethics guidelines often overlook the diverse developmental needs of children, including factors such as age ranges, backgrounds, and individual characteristics.
Role of Guardians: The traditional role of parents in guiding childre...
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Cryptopolitan (RSS)
Researchers from the Oxford Martin Programme on Ethical Web and Data Architectures (EWADA), University of Oxford, call for a more nuanced approach to integrating ethical principles into the development and governance of Artificial Intelligence (AI) for children. In a recent perspective paper published in Nature Machine Intelligence, the authors underscore the critical need to adapt AI ethics guidelines to cater to children’s welfare and developmental needs.
Challenges in ethical AI for children
The study identified four main challenges hindering the effective application of ethical principles in AI development for children:
Lack of Developmental Consideration: Current AI ethics guidelines often overlook the diverse developmental needs of children, including factors such as age ranges, backgrounds, and individual characteristics.
Role of Guardians: The traditional role of parents in guiding childre...
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CHIPS Act Pumps $8.5 Billion into Intel’s Expansion
Cryptopolitan (RSS)
Intel, the renowned semiconductor giant, has struck a significant deal with the US government under the CHIPS and Science Act. The agreement entails a substantial infusion of up to $8.5 billion in direct funding from the Department of Commerce.
Intel’s US manufacturing expansion
This financial support aims to bolster Intel’s efforts to amplify its manufacturing capabilities within the United States, particularly in the realm of cutting-edge semiconductor fabrication for advanced applications, including artificial intelligence (AI).
The substantial investment is slated to bolster Intel’s projects across four states, spanning diverse initiatives aimed at strengthening the country’s semiconductor manufacturing infrastructure.
The initiatives encompass the construction of two state-of-the-art logic fabrication facilities, along with t...
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Cryptopolitan (RSS)
Intel, the renowned semiconductor giant, has struck a significant deal with the US government under the CHIPS and Science Act. The agreement entails a substantial infusion of up to $8.5 billion in direct funding from the Department of Commerce.
Intel’s US manufacturing expansion
This financial support aims to bolster Intel’s efforts to amplify its manufacturing capabilities within the United States, particularly in the realm of cutting-edge semiconductor fabrication for advanced applications, including artificial intelligence (AI).
The substantial investment is slated to bolster Intel’s projects across four states, spanning diverse initiatives aimed at strengthening the country’s semiconductor manufacturing infrastructure.
The initiatives encompass the construction of two state-of-the-art logic fabrication facilities, along with t...
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SBF Trial: Sam Bankman-Fried’s Defense Urges Reduced Sentence Of 6 Years
CoinGape (RSS)
Sam Bankman-Fried, the disgraced FTX founder, has launched a scathing rebuttal against the government’s call for a 50-year sentence in response to charges related to financial misconduct. Bankman-Fried’s legal team submitted a detailed letter to the court, countering the government’s assertions point by point.
Sam Bankman-Fried’s Legal Team Challenges Claims Made In Court
The government’s sentencing memorandum, dated March 15, 2024, was “disturbing,” according to the letter. The defense team believes that it portrayed him as a “depraved super-villain” driven by unchecked greed and malicious motives. Sam Bankman-Fried‘s defense wasted no time in dismantling these claims, accusing the government of distorting reality and adopting a medieval view of punishment.
At the heart of the dispute lies the i...
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CoinGape (RSS)
Sam Bankman-Fried, the disgraced FTX founder, has launched a scathing rebuttal against the government’s call for a 50-year sentence in response to charges related to financial misconduct. Bankman-Fried’s legal team submitted a detailed letter to the court, countering the government’s assertions point by point.
Sam Bankman-Fried’s Legal Team Challenges Claims Made In Court
The government’s sentencing memorandum, dated March 15, 2024, was “disturbing,” according to the letter. The defense team believes that it portrayed him as a “depraved super-villain” driven by unchecked greed and malicious motives. Sam Bankman-Fried‘s defense wasted no time in dismantling these claims, accusing the government of distorting reality and adopting a medieval view of punishment.
At the heart of the dispute lies the i...
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Gulf Energy To Offer Crypto Trading Services Amid Thailand’s Virtual Bank Push
CoinGape (RSS)
Thailand’s push towards virtual banking has opened doors for major players like Gulf Energy to explore new avenues. As the country begins accepting applications for virtual bank licenses, Gulf Energy eyes an expansion into crypto trading and digital lending.
Notably, this move signals a significant shift in the energy giant’s strategy, aligning with the evolving financial landscape in Southeast Asia.
Thailand’s Virtual Bank Application Sparks Interest
Thailand’s ambitious plan to introduce virtual banking has ignited competition among the country’s corporate behemoths. According to a recent Bloomberg report, leading corporate entities in Thailand, including Charoen Pokphand Group and Gulf Energy Development Pcl, are eagerly pursuing virtual bank licenses following the ...
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CoinGape (RSS)
Thailand’s push towards virtual banking has opened doors for major players like Gulf Energy to explore new avenues. As the country begins accepting applications for virtual bank licenses, Gulf Energy eyes an expansion into crypto trading and digital lending.
Notably, this move signals a significant shift in the energy giant’s strategy, aligning with the evolving financial landscape in Southeast Asia.
Thailand’s Virtual Bank Application Sparks Interest
Thailand’s ambitious plan to introduce virtual banking has ignited competition among the country’s corporate behemoths. According to a recent Bloomberg report, leading corporate entities in Thailand, including Charoen Pokphand Group and Gulf Energy Development Pcl, are eagerly pursuing virtual bank licenses following the ...
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Shiba Inu’s Lucie Buys 40 Mln SHIB Eyeing ‘Miracle Recovery,’ What’s Next?
CoinGape (RSS)
In what unfolds as an attention-grabbing spectacle within the cryptocurrency realm today, March 20, Shiba Inu’s marketing lead’s 40 million SHIB accumulation sparked immense curiosity among crypto market enthusiasts globally. Following its emergence amid the meme token’s recent dip below $0.00003, this accumulation rode the highly optimistic buy-the-dip wave, fueling optimism for the meme coin across the broader crypto market.
Meanwhile, Shiba Inu traded with quite the volatility today, recording pumps and slumps in hand. However, following the marketing lead’s purchase’s surfacing across the crypto horizon, the meme coin’s price promptly gained an upward momentum, birthing enthusiasm among crypto market investors.
LUCIE’s Post Fuels Optimism
According to the post shared by the marketing lead LUCIE on X, the community member made the colossal SHIB purchase, considering the ‘buy-the-sip’ market s...
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CoinGape (RSS)
In what unfolds as an attention-grabbing spectacle within the cryptocurrency realm today, March 20, Shiba Inu’s marketing lead’s 40 million SHIB accumulation sparked immense curiosity among crypto market enthusiasts globally. Following its emergence amid the meme token’s recent dip below $0.00003, this accumulation rode the highly optimistic buy-the-dip wave, fueling optimism for the meme coin across the broader crypto market.
Meanwhile, Shiba Inu traded with quite the volatility today, recording pumps and slumps in hand. However, following the marketing lead’s purchase’s surfacing across the crypto horizon, the meme coin’s price promptly gained an upward momentum, birthing enthusiasm among crypto market investors.
LUCIE’s Post Fuels Optimism
According to the post shared by the marketing lead LUCIE on X, the community member made the colossal SHIB purchase, considering the ‘buy-the-sip’ market s...
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Bitcoin Price is Down; Has BTC Price Rally Come to An End?
CoinGape (RSS)
The price of Bitcoin has plummeted, dropping by 14.8% in the last week. The leading cryptocurrency according to CoinMarketCap has dropped by 17% since hitting its all-time high of $73,750, which occurred six days ago on March 14, 2024. The decrease in BTC price has caused the entire cryptocurrency market to also drop, resulting in a 5.04% reduction in market cap to $2.29 trillion over the last 24 hours. After reaching a low of $61,000, investors are questioning if Bitcoin price rally has come to an end. Let’s delve in for more details.
Bitcoin Price Market Performance
Despite experiencing notable growth of 123% so far this year and 18% in the last month, the value of BTC decreased by 5.28% in the previous day to reach $61,380.13. A significant uptick of ...
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CoinGape (RSS)
The price of Bitcoin has plummeted, dropping by 14.8% in the last week. The leading cryptocurrency according to CoinMarketCap has dropped by 17% since hitting its all-time high of $73,750, which occurred six days ago on March 14, 2024. The decrease in BTC price has caused the entire cryptocurrency market to also drop, resulting in a 5.04% reduction in market cap to $2.29 trillion over the last 24 hours. After reaching a low of $61,000, investors are questioning if Bitcoin price rally has come to an end. Let’s delve in for more details.
Bitcoin Price Market Performance
Despite experiencing notable growth of 123% so far this year and 18% in the last month, the value of BTC decreased by 5.28% in the previous day to reach $61,380.13. A significant uptick of ...
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Eth Price : What Next for Ethereum Price Should ETH ETFs Be Rejected?
CoinGape (RSS)
After Ethereum price crossed $4,000 and Bitcoin reached its all-time high, investors were optimistic about the future of the coins. Nevertheless, the ETH value has dropped by 21% in the last week due to the recent crash in the crypto market. However, investors are hopeful that the upcoming approval of Ether ETFs will drive up the token’s price. Standard Chartered Bank estimates that the SEC could approve an Ether ETF by May 23, leading to around $45 billion entering the market within the initial year. This influx of funds is projected to drive the price of ETH to hit $8,000 by the end of 2024 and $14,000 i...
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CoinGape (RSS)
After Ethereum price crossed $4,000 and Bitcoin reached its all-time high, investors were optimistic about the future of the coins. Nevertheless, the ETH value has dropped by 21% in the last week due to the recent crash in the crypto market. However, investors are hopeful that the upcoming approval of Ether ETFs will drive up the token’s price. Standard Chartered Bank estimates that the SEC could approve an Ether ETF by May 23, leading to around $45 billion entering the market within the initial year. This influx of funds is projected to drive the price of ETH to hit $8,000 by the end of 2024 and $14,000 i...
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Memeinator Presale Enters Into Final Stage With Over 96% Tokens Sold
Coincu (RSS)
London, United Kingdom, March 20th, 2024, Chainwire Memeinator’s presale has entered its final stage with 4% of the total supply of tokens remaining before it becomes available for public trading. The team has observed the presale’s impact among meme coin enthusiasts, driven by its Terminator-inspired branding and ambition to lead in the meme coin market.Read more...
Coincu News
Coincu (RSS)
London, United Kingdom, March 20th, 2024, Chainwire Memeinator’s presale has entered its final stage with 4% of the total supply of tokens remaining before it becomes available for public trading. The team has observed the presale’s impact among meme coin enthusiasts, driven by its Terminator-inspired branding and ambition to lead in the meme coin market.Read more...
Coincu News
Top 5 Best Metaverse Coins To Invest In 2024
Coincu (RSS)
With so many metaverse crypto projects on the market, how do you know which metaverse coins are the best? This is the place to find out. In this article, you’ll discover five of the top metaverse coins that are favorites of industry experts, why you should invest in them, and which one could outperform them all.Read more...
Coincu News
Coincu (RSS)
With so many metaverse crypto projects on the market, how do you know which metaverse coins are the best? This is the place to find out. In this article, you’ll discover five of the top metaverse coins that are favorites of industry experts, why you should invest in them, and which one could outperform them all.Read more...
Coincu News
Lithuania-Licensed Crypto Bank Meld to Offer Tokenized RWAs to Retail Investors
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Meld, which is in partnership with the layer-1 blockchain of the same name, signed an initial agreement with DeFi platform Swarm Markets, which started a real-world asset platform in December.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Meld, which is in partnership with the layer-1 blockchain of the same name, signed an initial agreement with DeFi platform Swarm Markets, which started a real-world asset platform in December.
Regulatory challenges loom as Grayscale seeks approval for staking-enabled Ethereum ETF
Cryptopolitan (RSS)
Grayscale Investments has filed a preliminary proxy statement with plans to add staking capabilities to its proposed spot Ethereum (ETH) exchange-traded fund (ETF). This development, aimed at mitigating inflationary pressures from Ethereum’s proof-of-stake protocol, intends to preserve the trust’s value for ETHE shareholders.
According to the statement, the proposal includes four items, emphasizing a creation and redemption process that involves cash and the ability for the trust to stake Ethereum.
This move by Grayscale comes as part of its ongoing efforts to convert the Grayscale Ethereum Trust into a spot ether ETF, in collaboration with NYSE Arca. The proposal follows a similar strategy applied to its Bitcoin trust, which successfully transitioned into a spot bitcoin ETF after...
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Cryptopolitan (RSS)
Grayscale Investments has filed a preliminary proxy statement with plans to add staking capabilities to its proposed spot Ethereum (ETH) exchange-traded fund (ETF). This development, aimed at mitigating inflationary pressures from Ethereum’s proof-of-stake protocol, intends to preserve the trust’s value for ETHE shareholders.
According to the statement, the proposal includes four items, emphasizing a creation and redemption process that involves cash and the ability for the trust to stake Ethereum.
This move by Grayscale comes as part of its ongoing efforts to convert the Grayscale Ethereum Trust into a spot ether ETF, in collaboration with NYSE Arca. The proposal follows a similar strategy applied to its Bitcoin trust, which successfully transitioned into a spot bitcoin ETF after...
View original post