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Google Chief Legal Officer: Legal framework for artificial intelligence needs to promote innovation
Google Chief Legal Officer Kent Walker said on Tuesday that rules governing the use of artificial intelligence should support innovation as the European Union seeks to agree on artificial intelligence rules next month, Reuters reported on November 28. Walker said Europe should aim for the best Al rules, not the first. Technological leadership requires a balance between innovation and regulation. Not micromanaging progress but holding actors accountable when they breach public trust, he said in a speech delivered at the European Business Summit. He called for trade-offs between security and openness, data access and privacy, explainability and accuracy, and the development of proportionate, risk-based rules that build on existing regulations and give companies the needed resources to continue investing in Al innovation. Confidence.
#BinanceTournament #USTC #googleai #LUNC #ETH
Google Chief Legal Officer Kent Walker said on Tuesday that rules governing the use of artificial intelligence should support innovation as the European Union seeks to agree on artificial intelligence rules next month, Reuters reported on November 28. Walker said Europe should aim for the best Al rules, not the first. Technological leadership requires a balance between innovation and regulation. Not micromanaging progress but holding actors accountable when they breach public trust, he said in a speech delivered at the European Business Summit. He called for trade-offs between security and openness, data access and privacy, explainability and accuracy, and the development of proportionate, risk-based rules that build on existing regulations and give companies the needed resources to continue investing in Al innovation. Confidence.
#BinanceTournament #USTC #googleai #LUNC #ETH
The number of DOGE currency holding addresses exceeded 5 million for the first time
The adoption of Dogecoin (DOGE) continues to grow. According to data tracked by on-chain analysis company IntoTheBlock, the number of addresses holding DOGE exceeded 5 million for the first time. (CoinDesk)
$DOGE
#Doge🦊 #BTC #BinanceTournament #ETH
The adoption of Dogecoin (DOGE) continues to grow. According to data tracked by on-chain analysis company IntoTheBlock, the number of addresses holding DOGE exceeded 5 million for the first time. (CoinDesk)
$DOGE
#Doge🦊 #BTC #BinanceTournament #ETH
$48 million in XRP moved out of Ripple
According to Whales Alerts monitoring 80 Million XRP were transferred from Ripple to an unknown wallet.
$XRP
#BinanceTournament #ETH #BTC #XRPUpdate #XRP+1.05%
According to Whales Alerts monitoring 80 Million XRP were transferred from Ripple to an unknown wallet.
$XRP
#BinanceTournament #ETH #BTC #XRPUpdate #XRP+1.05%
Singapore Changi Airport trials AI system to speed up security checks.
According to IT House citing Straits Times, Singapore Changi Airport testing an AI systems that is expected o halve the time required for passengers security checks. The trial takes place in Terminal 3, users AI and machine learning to recognize and interpret images of luggage checked by X-ray machines at the boarding gate. Airport Authority Singapore said this shortens image processing time and reduces the possibility of human errors. #BinanceTournament #USTC #BTC #ETH
According to IT House citing Straits Times, Singapore Changi Airport testing an AI systems that is expected o halve the time required for passengers security checks. The trial takes place in Terminal 3, users AI and machine learning to recognize and interpret images of luggage checked by X-ray machines at the boarding gate. Airport Authority Singapore said this shortens image processing time and reduces the possibility of human errors. #BinanceTournament #USTC #BTC #ETH
$ETH $BNB $USDC
Standard Chartered China Launches CBDC Exchange Service
Standard Chartered Bank China has launched an exchange service for the country’s CBDC (Central Bank Digital Currency) program. The move marks a significant step in China’s digital yuan integration into financial institutions. The digital yuan, or e-CNY, was developed by the People’s Bank of China (PBOC) and is one of the most developed CBDC programs in the world.
Standard Chartered’s incorporation of the digital yuan shows the commitment of global banks to embrace digital currencies. Almost every major economy in the world has a digital currency program. However, China’s e-CNY has seen significant adoption over the past year.
China’s CBDC to improve monetary policy?
According to China’s foreign exchange regulator, the programmable features of the digital yuan will help improve monetary policy. The programmable features in a CBDC are settings that can change. For example, the money can have an expiration date, after which it may not have value. Moreover, some funds can have restrictions for use in certain places.
According to Lu Lei, deputy administrator of the State Administration of Foreign Exchange (SAFE), the PBOC will explore the features to adjust the rates of China’s CBDC. Moreover, he added that CBDCs can help manage the macro economy.
Furthermore, a Chinese state-owned bank said they will link the digital yuan to the ‘world‘s biggest small commodities market.‘ The move may further increase the adoption of China’s CBDC.
China’s e-CNY is one of the most used digital currencies in the world right now. The currency has found implementation in several public services, such as transportation in certain districts.
However, many have raised concerns that using CBDCs is another way for the state to monitor its citizens.
#BinanceTournament #dydx #BTC #Blast #ETH $
Standard Chartered China Launches CBDC Exchange Service
Standard Chartered Bank China has launched an exchange service for the country’s CBDC (Central Bank Digital Currency) program. The move marks a significant step in China’s digital yuan integration into financial institutions. The digital yuan, or e-CNY, was developed by the People’s Bank of China (PBOC) and is one of the most developed CBDC programs in the world.
Standard Chartered’s incorporation of the digital yuan shows the commitment of global banks to embrace digital currencies. Almost every major economy in the world has a digital currency program. However, China’s e-CNY has seen significant adoption over the past year.
China’s CBDC to improve monetary policy?
According to China’s foreign exchange regulator, the programmable features of the digital yuan will help improve monetary policy. The programmable features in a CBDC are settings that can change. For example, the money can have an expiration date, after which it may not have value. Moreover, some funds can have restrictions for use in certain places.
According to Lu Lei, deputy administrator of the State Administration of Foreign Exchange (SAFE), the PBOC will explore the features to adjust the rates of China’s CBDC. Moreover, he added that CBDCs can help manage the macro economy.
Furthermore, a Chinese state-owned bank said they will link the digital yuan to the ‘world‘s biggest small commodities market.‘ The move may further increase the adoption of China’s CBDC.
China’s e-CNY is one of the most used digital currencies in the world right now. The currency has found implementation in several public services, such as transportation in certain districts.
However, many have raised concerns that using CBDCs is another way for the state to monitor its citizens.
#BinanceTournament #dydx #BTC #Blast #ETH $
Zipmex Thailand Suspends Crypto Trading Citing Compliance With the Country’s SEC Rules
Crypto exchange Zipmex Thailand has announced the immediate suspension of digital asset trading until early next year.
The decision was made to ensure proper compliance with the criteria set by Thailand’s Securities and Exchange Commission (SEC), the platform wrote in a Facebook post on Saturday afternoon.
“Dear customers, Zipmex Limited would like to ensure the proper and compliant conduct of the company’s business operations in accordance with the criteria set by Thailand’s Securities and Exchange Commission,” the post read.
“Therefore, it is necessary for the company to temporarily suspend digital asset trading and deposit of all types, effective from Nov 25, 2023, at 1pm onwards.”
However, customers will still be able to withdraw Thai baht and digital assets from their Trade Wallet through the website and mobile application until January 31, 2024.
For digital assets categorized as ‘Trade Only,’ customers must contact Customer Support for withdrawal.
After January 31, 2024, when the company suspends the withdrawal of assets through the website and mobile application, customers will need to reach out to Customer Support for further assistance.
Withdrawal Process Could Take Up to 14 Days
Zipmex Thailand mentioned that the withdrawal process for digital assets may take between seven to 14 days, and customers must provide supporting documents to verify their identity and account ownership.
Headquartered in Singapore and operating in Thailand, Australia, and Indonesia, the exchange currently faces penalties from Thailand’s SEC.
The penalties are related to allegations of Zipmex Thailand’s improper use of a digital asset custodian service and the funneling of customers to the Singapore-based exchange, Zipmex Pte, which created a conflict of interest.
Furthermore, Zipmex has encountered difficulties in repaying creditors after suffering losses from exposure to crypto lenders Babel Finance and Genesis.
#BTC #Blast #USDC #etf #USTC
Crypto exchange Zipmex Thailand has announced the immediate suspension of digital asset trading until early next year.
The decision was made to ensure proper compliance with the criteria set by Thailand’s Securities and Exchange Commission (SEC), the platform wrote in a Facebook post on Saturday afternoon.
“Dear customers, Zipmex Limited would like to ensure the proper and compliant conduct of the company’s business operations in accordance with the criteria set by Thailand’s Securities and Exchange Commission,” the post read.
“Therefore, it is necessary for the company to temporarily suspend digital asset trading and deposit of all types, effective from Nov 25, 2023, at 1pm onwards.”
However, customers will still be able to withdraw Thai baht and digital assets from their Trade Wallet through the website and mobile application until January 31, 2024.
For digital assets categorized as ‘Trade Only,’ customers must contact Customer Support for withdrawal.
After January 31, 2024, when the company suspends the withdrawal of assets through the website and mobile application, customers will need to reach out to Customer Support for further assistance.
Withdrawal Process Could Take Up to 14 Days
Zipmex Thailand mentioned that the withdrawal process for digital assets may take between seven to 14 days, and customers must provide supporting documents to verify their identity and account ownership.
Headquartered in Singapore and operating in Thailand, Australia, and Indonesia, the exchange currently faces penalties from Thailand’s SEC.
The penalties are related to allegations of Zipmex Thailand’s improper use of a digital asset custodian service and the funneling of customers to the Singapore-based exchange, Zipmex Pte, which created a conflict of interest.
Furthermore, Zipmex has encountered difficulties in repaying creditors after suffering losses from exposure to crypto lenders Babel Finance and Genesis.
#BTC #Blast #USDC #etf #USTC
SEC Faces Difficulty in Serving Lawsuit to Richard Heart, Hex and PulseChain Founder
The United States Securities and Exchange Commission (SEC) is encountering difficulties in serving a lawsuit against Richard Schueler, also known as Richard Heart, the founder of Pulsechain, PulseX, and the controversial project Hex.On July 31st, the SEC filed a lawsuit against Heart for allegedly selling unregistered securities and defrauding investors. The SEC’s lawsuit accused Heart, Hex, PulseChain, and PulseX of violating federal securities laws through the unregistered offer and sale of securities. The complaint focused on the fundraising activities that raised over $1 billion for these projects. The SEC alleged that Heart defrauded investors through misappropriation of funds, diverting at least $12 million for personal purchases, including a McLaren sports car, a Ferrari, and five watches, instead of developing the protocols.The lawsuit also targeted Heart’s control of the project, his statements regarding potential increases in value, and the staking feature designed to encourage token holders to lock up their tokens in exchange for more tokens. The SEC pointed to Heart’s previous comments claiming that Hex was built to be “the highest appreciating asset” and notes the significant decline in the price of Hex and the perceived worthlessness of tokens for the other two projects.The SEC noted that the price of Hex experienced a staggering 98.4% decline from its all-time high, and the tokens for the other two projects, PulseChain and PulseX, are described as “practically worthless.” These assertions form the basis of the SEC’s claims of securities law violations, emphasizing the purported misleading statements by Heart regarding the potential appreciation of Hex.SEC Faces Challenges Serving Lawsuit to Hex and PulseChain Founder Richard HeartThe U.S. SEC is encountering difficulties serving a lawsuit against Richard Schueler, also known as Richard Heart, the founder of Hex and PulseChain. The SEC alleges that Schueler sold unregistered securities, and despite requesting the Ministry of Justice of Finland to serve the lawsuit against Schueler in Helsinki, there has been no confirmation of successful service.A teleconference initially planned for November 28 has been rescheduled to January 30, 2024, by Magistrate Judge Peggy Kuo, who oversees the case in the Eastern District of New York. The SEC’s complaint argues for jurisdiction in the Eastern District based on the assertion that many of the crypto asset transactions related to the case occurred on Uniswap, a decentralized crypto asset trading platform with developers headquartered in Brooklyn.The SEC’s recent filing notes that the commission will update the court on the status of its service efforts under the Convention by December 15, 2023. If service has not been achieved by that time, the SEC plans to seek alternative service in accordance with Rule 4(f) of the Federal Rules of Civil Procedure.#BinanceTournament #BTC #Fed
Binance Is Just the Beginning: Warns US CFTC
The US CFTC (Commodity Futures Trading Commission) has warned crypto exchanges that it would take a strict approach to how platforms deal with customers. The CFTC’s warning comes just a few days after Binance CEO Changpeng Zhao (CZ) pleaded guilty to non-compliance with money-laundering laws.
Read more: https://cryptogatez.io/news-detail/binance-is-just-the-beginning-warns-us-cftc
#BinanceTournament #BTC #ETH
The US CFTC (Commodity Futures Trading Commission) has warned crypto exchanges that it would take a strict approach to how platforms deal with customers. The CFTC’s warning comes just a few days after Binance CEO Changpeng Zhao (CZ) pleaded guilty to non-compliance with money-laundering laws.
Read more: https://cryptogatez.io/news-detail/binance-is-just-the-beginning-warns-us-cftc
#BinanceTournament #BTC #ETH
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