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Bitcoinist
1M
360
Image Credit: Bitcoinist
Congressional Call For Bitcoin Custody By Banks: Senators’ Letter To SEC’s Gensler Exposed
- US Republican lawmakers urge SEC to rescind accounting rule for digital assets.
- Letter issued by Congressional coalition, including House Financial Services Chair Patrick McHenry and Senator Cynthia Lummis.
- Criticism mounts against SEC's Staff Accounting Bulletin 121 (SAB 121) for deviating from accounting standards and creating confusion.
- SEC's recent grant of exemption to BNY Mellon could signal a shift in approach towards traditional banks in the crypto space.
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Coin Telegraph
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Advanced AI system is already ‘self-aware’ — ASI Alliance founder
- ASI Alliance founder Ben Goertzel says the alpha version of the AGI he’s been working on for 20 years is “self aware” and scaling up fast.
- Goertzel believes OpenAI chose not to make its new o1 model an autonomous agent due to concerns of regulatory crackdown.
- The Artificial Superintelligence Alliance recently merged with CUDOS to boost compute power for Goertzel's AGI system.
- OpenCog Hyperon, the AGI system Goertzel is working on, is expected to make significant progress and aim for AGI on new Hyperloop infrastructure by next year.
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Tech Story
1M
415
PayPal Enables U.S. Business Accounts to Buy, Hold and Sell Crypto
- PayPal is now allowing U.S. business accounts to buy, hold, and sell cryptocurrencies.
- The move comes as PayPal sees an increase in demand from merchants to offer crypto options.
- PayPal also plans to enable U.S. sellers to transfer cryptocurrency to other qualified wallets.
- However, the service is not yet available for business clients in New York due to strict regulations.
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Altcoinbuzz
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Visa Launches New Tokenized Asset Platform for Banks
- Visa has launched a new tokenized asset platform called VTAP for banks.
- The platform allows banks to create tokens representing real-world assets backed by fiat currency.
- Spanish bank BBVA is the first financial institution to use the platform.
- VTAP aims to streamline and reduce the cost of financial operations, including instant peer-to-peer transfers and cross-border transactions.
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Medium
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419
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Hybrid AI: Fusing Symbolic Reasoning with Statistical Learning
- Hybrid AI is an innovative approach that combines the strengths of symbolic reasoning and statistical learning to create more intelligent and versatile artificial intelligence systems.
- This approach enhances predictive accuracy, improves adaptability in dynamic environments, and facilitates better human-machine interaction.
- Hybrid AI allows machines to not only process and analyze large datasets but also apply reasoning to make informed decisions, leading to more effective AI solutions that are capable of addressing complex real-world challenges.
- Hybrid AI can be categorized based on the combination of methodologies they employ, the specific domains in which they operate, and their overall architecture.
- This versatility makes Hybrid AI an attractive option across diverse fields, paving the way for more innovative applications across various industries.
- One of the major criticisms of purely statistical AI models, particularly deep learning, is their lack of transparency. Hybrid AI incorporates symbolic reasoning, which can explain decisions in human-understandable terms, fostering trust and acceptance among users.
- Hybrid AI systems can quickly adapt to new information and evolving conditions, making them suitable for dynamic environments like supply chain management, marketing, and autonomous systems.
- By improving efficiency and effectiveness, Hybrid AI can be implemented in fields like healthcare and finance, driving innovation and transforming industries.
- The applications of Hybrid AI span diverse sectors, including healthcare, finance, autonomous systems, and customer service, highlighting its versatility and effectiveness in addressing complex challenges across multiple industries.
- While Hybrid AI holds promising potential, it faces several challenges that must be addressed to fully realize its capabilities, such as harmonizing symbolic reasoning and statistical learning and ensuring interpretability while maintaining high performance.
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Tokenhell
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Price Analysis September 26th, 2024 – BTC, AVAX, SOL, BNB, and ETH
- Bitcoin crossed above $64,000 and eyes $65,000 resistance. Several signs support a bullish move.
- Ethereum's price is above the 50-day moving average, improving chances of an uptrend.
- BNB is consolidating within a small range, predicted to break out and rally after Binance's former CEO is released.
- SOL has intense buying of the dips and investor interest increases following announcement of Seeker crypto smartphone.
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Cryptopotato
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Image Credit: Cryptopotato
Bitcoin Price Analysis: Is BTC Heading Toward $70K or $60K Next?
- Bitcoin's price is at a critical level, determining the mid-term trend of the crypto market.
- On the daily chart, Bitcoin has broken key resistance levels and could surge higher or find support at $60K.
- The 4-hour chart shows Bitcoin consolidating at $64K, with a potential bearish reversal or bullish rally to $70K.
- On-chain analysis suggests short-term holders have been realizing profits again, but selling pressure could lead to a market drop.
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Bitcoinist
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451
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Mark Cuban Says He’d Take Over SEC From Gensler Under A Kamala Harris Presidency
- Mark Cuban criticizes SEC Chair Gary Gensler and suggests Kamala Harris might replace him if she becomes president.
- Cuban expresses frustration with Gensler's regulatory approach to cryptocurrencies.
- He argues that Gensler's departure could lead to economic growth and a change in regulatory thought.
- Criticism of Gensler extends beyond Cuban, with bipartisan dissatisfaction voiced in a recent congressional hearing.
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TheNewsCrypto
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Velar and Hermetica Team Up to Launch High Yield Stableswap Pool on Stacks
- Velar and Hermetica have teamed up to launch a stableswap pool on Stacks' Bitcoin L2.
- Velar will provide liquidity for the USDh pool, allowing Bitcoiners to earn up to 25% APR on their stablecoins.
- Velar's advanced liquidity technology ensures optimal liquidity for the USDh stableswap pool launch.
- Hermetica's USDh operates as a BTC-backed synthetic dollar, providing users on the Bitcoin layer-2 network with access to new opportunities.
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Altcoinbuzz
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South Korea Fines Worldcoin for Privacy Violations
- The Worldcoin Foundation and Tools For Humanity have been fined 1.1 billion Korean won ($829,000) by South Korea's Personal Information Protection Commission (PIPC) for privacy violations.
- The fine comes after an investigation initiated in February over concerns of Worldcoin collecting sensitive biometric information in exchange for cryptocurrency.
- Despite the fine, the value of Worldcoin's token (WLD) has increased by 35% during the week of the announcement.
- Besides the fine, Worldcoin has been ordered by PIPC to make improvements and follow guidelines for better protection of user information.
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Bitcoinsensus
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Ripple RLUSD: The Upcoming Stablecoin Launch Explained
- Ripple's RLUSD stablecoin is in beta testing and could soon reshape the XRP ecosystem and the broader stablecoin market.
- RLUSD will operate on both the XRP Ledger and Ethereum, with future expansion possible.
- The success of RLUSD could solidify Ripple's position in the competitive stablecoin sector, expected to reach $2.8 trillion by 2028.
- Fine-tuning the mechanisms of minting and burning is crucial for user trust and the stablecoin's success.
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Pymnts
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Dubai Wants Crypto Companies to Warn Customers of Risks
- Dubai's cryptocurrency regulator, Virtual Assets Regulatory Authority (VARA), has updated its guidelines to require crypto companies to include a prominent disclaimer warning customers about the risks of digital currencies.
- Starting October 1, companies marketing crypto in the United Arab Emirates must inform consumers that virtual assets can lose value and are subject to extreme volatility.
- VARA aims to provide clear guidance to virtual asset service providers (VASPs) in order to foster trust and transparency in the market.
- This move by Dubai follows similar measures taken by other countries to regulate crypto advertising, such as the UK and Belgium.
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Coin Telegraph
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310
Despite WazirX, Q3 crypto hack and scam losses fell to $413m YOY
- Losses from scams and hacks in Q3 declined by 40% compared to the previous year.
- Crypto hacks and scams in Q3 2024 amounted to $413 million, down from $685 million in the previous year.
- However, notable hacks include WazirX's $235 million loss and the $52 million BingX hack.
- These two hacks accounted for over 69% of the total losses in the quarter.
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Crypto-News-Flash
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337
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SolvBTC Launches on Avalanche, Unlocking DeFi Potential for BTC
- SolvBTC integrates Bitcoin into DeFi, enabling holders to earn yield while retaining exposure to Bitcoin’s value.
- SolvBTC uses diverse strategies and partners with blue-chip DeFi protocols to optimize yield generation for Bitcoin holders.
- SolvBTC launches on Avalanche, introducing the concept of a 'Bitcoin Reserve for Everyone' to address consensus levels among Bitcoin assets.
- SolvBTC offers strategic yield approaches, including delta-neutral tactics, market-making operations, and omnichain accessibility, to provide yield for Bitcoin holders.
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Altcoinbuzz
1M
114
Assetera Launches Regulated Tokenized Asset Market on Polygon
- Assetera has launched a regulated tokenized asset market on Polygon.
- Assetera's marketplace is regulated by the Austrian Financial Market Authority and follows strict European rules (MiFID II).
- Tokenized real-world assets (RWAs) are digital versions of physical assets, allowing easier investment opportunities.
- Assetera's platform on Polygon blockchain offers fast, cheap, and secure trading of tokenized RWAs.
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