Author: CryptooTimes
Speaking with crypto.news, Matthijs de Vries, CEO and Founder of Nuklai, delved into the ethical implications of AI use in the NFT sector. The onset of AI has opened up a lot of new possibilities, and one of the sectors that has leveraged this technology heavily is NFTs. From generating NFT art to enhancing verification processes, AI is becoming a pivotal tool in the decentralized digital art world. However, this rapid integration also brings about some ethical concerns. Issues such as intellectual property rights, the potential for misuse of AI-generated content, and the transparency of AI algorithms are at the…
ETH price gained 25% off mere rumors, but Ethereum derivatives data suggests that Ether could see even more upside. Source link
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Nancy Pelosi, the former United States House of Representatives Speaker, could be backing the Financial Innovation and Technology for the 21st Century Act (FIT21), a Republican-led crypto bill. According to sources familiar with Pelosi’s approach, Pelosi could support the bill, which is currently on the verge of a vote on May 22. Pelosi would be going against Democrats like Maxine Waters and David Scott, who have opposed the bill. However, a May 20 email leaked from Democrat Party leaders revealed that House Democrats won’t be urged to vote against it. The bipartisan bill seeks to clarify cryptocurrency regulations in the…
With the SEC expected to decide by May 23 whether to approve or disapprove a spot Ether exchange-traded fund, three asset managers amended their 19b-4 filings. Source link
A Crypto Developer’s Guide to Consensus 2024 Source link
For the second time in May, spot Bitcoin (BTC) ETFs have exceeded $300 million in inflows, with significant contributions from BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC). Market data from Farside Investors indicates that these investment products saw $305 million in inflows on May 21 despite several ETF products, including the Grayscale Bitcoin Trust (GBTC) reporting zero flows. Notably, only two products experienced inflows, while two registered outflows. BlackRock’s IBIT led the inflows with $290 million, with Fidelity’s FBTC reporting an inflow of $25.8 million. The Bitwise Bitcoin ETF (BITB) witnessed outflows amounting to $4.2…
Key Ethereum price metrics suggest that ETH’s pause at $3,800 is temporary. Source link
“We need rules of the road,” said Rep. Josh Gottheimer (D-N.J.), one of the Democrats who bucked the opposition of the White House and the ranking Democrat on the House Financial Services Committee, Rep. Maxine Waters (D-Calif.). He called it “well-reasoned, thoughtful, bipartisan legislation” and argued before the vote that “it’s fit to become law if we work together.” Source link
The U.S. House of Representatives approved bill FIT21 by a majority of 279 to 136, pushing it to the Senate. This initial approval of the Financial Innovation and Technology for the 21st Century Act (FIT21) could significantly impact the cryptocurrency market, signaling bullish sentiment across the market. This bill is a significant step toward comprehensive regulation of digital assets in the United States, potentially shaping the future of cryptocurrency trading and investment. What is FIT21? The FIT21 bill, produced by the House Agriculture Committee and the House Financial Services Committee, aims to clarify how the SEC classifies crypto by creating…
