May 15, 2024 at 04:54AM Dutch court has sentenced Alexey Pertsev, co-founder of Tornado Cash, to 5 years and 4 months in prison for money laundering. He and other developers failed to prevent the misuse of the decentralized crypto mixer. The case has sparked debate between privacy advocates and governments regarding the criminalization of anonymity … Read more
April 15, 2024 at 10:12AM Microsoft announced AI Access Principles to guide its conduct in the AI economy amidst criticism. The principles aim to promote competition and innovation. However, concerns arise from past actions, such as creating a “walled garden” around OpenAI and discriminatory practices. Recommendations include revoking exclusivity agreements and eliminating upcharges to foster … Read more
March 13, 2024 at 12:51PM The European Union lawmakers approved the Artificial Intelligence Act, shaping the world’s first comprehensive set of AI regulations. The Act employs a risk-based approach, classifying AI applications into low and high-risk categories, with stringent regulations for high-risk uses. It also includes provisions for generative AI models and aims to influence … Read more
January 9, 2024 at 04:53PM The SEC’s Twitter account was hijacked to falsely announce approval of Bitcoin ETFs, causing a surge and subsequent drop in cryptocurrency prices. The misleading tweet was deleted, and SEC chairman Gary Gensler confirmed it as false. Bitcoin initially spiked to $47,900 but is now at $46,247. Developments ongoing. The SEC’s … Read more