Baffic, California City, CA (2024)

01/11/2024

Reserve Bank of India (RBI) Governor Shaktikanta Das has reaffirmed the central bank's cautious stance on cryptocurrencies, emphasizing that their position remains unchanged. Speaking at the Mint’s BFSI Summit, Das expressed concerns about the potential risks associated with embracing cryptocurrencies, likening it to the historical Tulip mania. Highlighting the perceived threat to global financial stability, especially for emerging markets, Das stressed the significant risks inherent in the crypto space....

RBI Governor has reaffirmed the central bank's cautious stance on cryptocurrencies emphasizing that their position remains unchanged.

01/10/2024

The U.S. Securities and Exchange Commission (SEC) has found itself embroiled in controversy and received assistance offers following a compromised tweet from its social media account, falsely announcing the approval of Bitcoin exchange-traded funds (ETFs). This incident occurred amidst heightened anticipation within the crypto community for a positive signal from the regulatory body. Renowned trader Peter Brandt took to social media to criticize SEC Chair Gary Gensler, citing a 2011 incident during Gensler's tenure as Chairman of the Commodity Futures Trading Commission (CFTC)....

The U.S. SEC has found itself embroiled in controversy and received assistance offers following a compromised tweet from its social media.

01/10/2024

Following the recent hack of the official United States Security and Exchange Commission’s X account, a new report from crypto security firm PeckShieldAlert has drawn attention to a fake XAI token experiencing a 100% drop. On January 10, 2024, PeckShieldAlert tweeted about the duplicate XAI token, revealing that its value plunged by 100% after the deployer address 0xB3Ff…47DD swapped a significant amount of XAI tokens for $219,516 BSC-USD....

The recent hack of the official US SEC X account, a new report from crypto security firm PeckShieldAlert has drawn attention to a fake XAI.

01/09/2024

The upcoming decision by the U.S. Securities and Exchange Commission (SEC) on a spot bitcoin ETF has spurred speculation that the regulatory body might opt for approval without a public vote, as reported by Blockworks. The SEC's scheduled meeting on January 11 looms just one day after the deadline to approve or deny the proposal presented by Ark and 21Shares....

U.S SEC in a spot bitcoin ETF has spurred speculation that the regulatory body might opt for approval without a public vote.

01/09/2024

Bitcoin (BTC) surged to a 21-month high, hitting $47,613 on Monday night, a level not seen since April 2022. The notable increase in Bitcoin's price is linked to the anticipation surrounding a crucial decision from the U.S. Securities and Exchange Commission (SEC) regarding the approval of a Bitcoin exchange-traded fund (ETF) later this week. This price surge is attributed to the positive sentiment surrounding the potential approval of the first BTC ETF....

Bitcoin (BTC) surged to a 21-month high, hitting $47,613 on Monday night, a level not seen since April 2022.

01/08/2024

In the initial week of 2024, digital asset investment funds attracted a noteworthy $151 million in inflows, driven by institutional investors gearing up for potential approval of a spot Bitcoin (BTC) ETF by the Securities and Exchange Commission (SEC). CoinShares' Digital Asset Fund Flow report signals a bullish market sentiment, witnessing a surge in asset prices at the year's commencement, followed by a modest correction....

In the initial week of 2024, digital asset investment funds attracted a noteworthy $151 million in inflows.

01/08/2024

Estonian digital asset payment processor CoinsPaid has experienced a second security breach in the last six months, resulting in unauthorized transactions totaling nearly $7.5 million, as reported by web3 security firm Cyvers. On January 6, at 1:26 pm GMT, Cyvers' AI system detected irregular transactions leading to the withdrawal of $6.1 million in digital assets, including Tether (USDT), Ether (ETH), USD Coin (USDC), and CoinsPaid's native token CPD....

Estonian digital asset payment processor CoinsPaid has experienced a second security breach in the last six months.

01/05/2024

In the fast-evolving landscape of emerging technologies, the combined force of DePIN and AI is anticipated to be a transformative powerhouse in 2024, according to DeFi executives. DePINs, or decentralized physical infrastructure networks, gained momentum in 2023 as major manufacturers globally embraced the integration of physical infrastructure with blockchain technology. DePINs operate as blockchain protocols using cryptocurrency tokens to incentivize the decentralized creation and operation of physical infrastructure, particularly within the realm of the Internet of Things (IoT)....

In the fast-evolving landscape of emerging technologies, the combined force of DePIN and AI is anticipated to be a transformative powerhouse.

01/05/2024

Italian Prime Minister Giorgia Meloni has underscored the significance of addressing artificial intelligence (AI) concerns as a key focus during Italy's G7 presidency, extending from January to December. Notably, Italy, one of the pioneering European nations to effectively restrict OpenAI's popular ChatGPT, aims to prioritize the discussion on AI-related challenges. During a press conference on December 4, 2023, Prime Minister Meloni outlined the country's overarching priorities for the G7 presidency....

Italian Prime Minister Giorgia Meloni has underscored the significance of addressing artificial intelligence (AI).

01/04/2024

In the ongoing discussion surrounding the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States, industry experts and analysts from Valkyrie, Jan3, and Bloomberg emphasize that there is no inherent conflict between spot Bitcoin ETFs and self-custody. Rather, they argue, it boils down to individual preference. Trezor Bitcoin analyst Josef Tětek expressed concerns that spot Bitcoin ETFs could lead individuals away from self-custody, highlighting a potential shift in the fundamental principles envisioned by Bitcoin's creator, Satoshi Nakamoto....

In the ongoing discussion surrounding the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States.

01/04/2024

Amid growing concerns over the potential misuse of AI chatbots, the United Kingdom's leading advisor on terrorism legislation, Jonathan Hall KC, is urging the government to explore new laws that would hold individuals accountable for the actions of AI bots they create or train. Hall detailed his experiences with AI chatbots on the Character.AI platform in a recent op-ed for the Telegraph....

Amid growing concerns over the potential misuse of AI chatbots, the United Kingdom's leading advisor on terrorism legislation.

01/03/2024

Zug, Switzerland, January 2nd, 2024, Chainwire In collaboration with Telekom MMS, a wholly-owned subsidiary of Deutsche Telekom, stc Bahrain, Heartcore Capital, Arca Finance, Cardinal Cryptography, and others, the hybrid event offers different tracks with up to $575K USD in bounties and funding opportunities. The Aleph Zero Foundation, committed to the advancement and adoption of the Aleph Zero blockchain, today announced the launch of…...

Zug, Switzerland, January 2nd, 2024, Chainwire In collaboration with Telekom MMS, a wholly-owned subsidiary of Deutsche Telekom, stc Bahrain, Heartcore Capital, Arca Finance, Cardinal Cryptography, and others, the hybrid event offers different tracks with up to $575K USD in bounties and funding oppo...

12/30/2023

Bitcoin miners are facing heightened selling pressure as their reserves hit the lowest point since May, coinciding with the cryptocurrency's impressive December gain of over 13%. Data from CryptoQuant reveals a consistent decline in Bitcoin miners' reserves throughout December, with approximately 3,000 bitcoins sold in the last 24 hours alone, bringing the total holdings to around 1,834,447 BTC. The net flow of Bitcoin on December 28 registered at minus 1,524 BTC, indicating that withdrawals surpassed newly minted coins....

Bitcoin miners are facing heightened selling pressure as their reserves hit the lowest point since May coinciding with the cryptocurrency's.

12/29/2023

Semiconductor giant Nvidia has introduced a new gaming chip specifically tailored for the Chinese market, marking its first release since the imposition of US export controls on chip sales to China in October 2022. The new chip, GeForce RTX 4090 D, promises enhanced performance, efficiency, and AI-driven graphics while ensuring compliance with US export regulations. Nvidia's previous powerful chips, A800 and H800, along with the gaming chip RTX 4090, faced restrictions in the Chinese market....

GeForce RTX 4090 D, promises enhanced performance, efficiency, and AI-driven graphics while ensuring compliance with US export regulations.

12/29/2023

Vitalik Buterin, co-founder of Ethereum, advocates for a revival of the blockchain's "cypherpunk" vision, which he believes was overshadowed by the over-financialization of cryptocurrencies in 2017. In a blog post on December 28, Buterin expressed the need for Ethereum to rekindle its original vision as a "public decentralized shared hard drive" that leverages peer-to-peer messaging and decentralized file storage. During Ethereum's early days, the cypherpunk values of decentralization, open participation, censorship resistance, and credible neutrality were prominent....

During Ethereum's early days, the cypherpunk values of decentralization, open participation, censorship resistance.

12/27/2023

In a surprising twist within the Bitcoin community, a contributor to Taproot Wizards, a collection associated with Bitcoin Ordinals, has devised a script enabling users to reject Ordinals inscriptions. The pseudonymous chief technology officer, Rijndael, presented the script as a gift to those critical of Ordinals, challenging them to either implement the solution or admit to mere virtue signaling on social media....

In a surprising twist within the Bitcoin community, a contributor to Taproot Wizards, a collection associated with Bitcoin Ordinals.

12/26/2023

The Bitcoin network achieved a new milestone on Christmas Day, with its hash rate soaring to an unprecedented 544 exahashes per second, as reported by Blockchain.com and confirmed by Bitinfocharts. This marks a substantial increase, with network hash rates having more than doubled throughout the year, surging by 130% since January. In tandem with this surge in hash rate, Bitcoin's price has mirrored the trend, experiencing a remarkable 150% climb since the beginning of 2023....

https://baffic.com/record-breaking-bitcoin-hash-rate-amid-profitability-challenges/

The Bitcoin network achieved a new milestone on Christmas Day, with its hash rate soaring to an unprecedented 544 exahashes.

12/26/2023

In a noteworthy shift, Google users have exhibited a heightened interest in artificial intelligence (AI) over cryptocurrency, particularly Bitcoin, throughout the past year. The surge in searches for "AI" surpassed queries related to "Bitcoin" and "crypto," marking a significant departure from the trend observed since 2020. The turning point began to manifest around August 2022, and by November of the same year, searches for "AI" experienced a notable breakout....

Google users have exhibited a heightened interest in AI over cryptocurrency, particularly Bitcoin, throughout the past year.

12/23/2023

Paxos, the stablecoin issuer, has gained approval from the New York Department of Financial Services (DFS) to extend its operations to the Solana blockchain. Previously restricted to issuing its Pax Dollar (USDP) stablecoin solely on Ethereum, Paxos plans to debut on Solana on January 17, 2024. Pax Dollar, backed 1:1 by the US dollar, received a "non-objection" for the transition from Ethereum to Solana after a comprehensive review of Solana's internal risk framework, as noted by Walter Hessert, Paxos' head of strategy....

Paxos, the stablecoin issuer, has gained approval from the New York DFS to extend its operations to the Solana blockchain.

12/23/2023

OpenAI, a prominent artificial intelligence (AI) developer, is reportedly in discussions with potential investors who are considering injecting over $100 billion into the company, as disclosed by insiders familiar with the matter. The news comes on the heels of Sam Altman, OpenAI's CEO, declaring 2023 as the "crazy year" when AI started gaining substantial recognition. According to sources cited by Bloomberg, investors expressing interest in funding OpenAI have engaged in preliminary talks, aligning with a broader trend of increased funding in the AI industry....

A prominent AI developer, is reportedly in discussions with potential investors who are injecting over $100 Billion into the company.

12/21/2023

In a recent survey titled "Tackling Crypto Crime," conducted by TRM Labs with the participation of over 300 U.S. and international law enforcement professionals, compelling insights into the challenges and preparedness of agencies in dealing with cryptocurrency-related offenses have emerged. The survey reveals that while over 50% of federal agencies currently employ blockchain analytics tools, a mere 11% of state agencies do so....

In a recent survey titled "Tackling Crypto Crime," conducted by TRM Labs with the participation of over 300 U.S. and international law.

12/21/2023

The LAION-5B, a significant artificial intelligence dataset commonly used to train text-to-image generators like Stable Diffusion and Imagen, has been taken down by its creator, the German nonprofit organization Large-scale Artificial Intelligence Open Network (LAION). This action follows a study revealing the presence of thousands of instances of suspected child sexual abuse material (CSAM) within the dataset. Researchers from the Stanford Internet Observatory’s Cyber Policy Center identified 3,226 instances of suspected CSAM in the LAION-5B dataset, with confirmation by third parties....

The LAION-5B, a significant artificial intelligence dataset commonly used to train text-to-image generators like Stable Diffusion and Imagen.

12/20/2023

The U.S. National Institute of Standards and Technology (NIST), operating under the U.S. Department of Commerce, is soliciting input from both AI companies and the general public through a request for information. This initiative aligns with the recent presidential executive order emphasizing the secure and responsible development and use of artificial intelligence (AI). Open for public input until February 2, 2024, NIST aims to collect crucial insights to facilitate testing procedures ensuring the safety of AI systems....

The U.S. National Institute of Standards and Technology (NIST), operating under the U.S. Department of Commerce.

12/19/2023

OpenAI has introduced a comprehensive "Preparedness Framework" designed to address potential "catastrophic risks" associated with the development of advanced AI systems. This strategic move underscores OpenAI's commitment to ensuring the responsible deployment of its AI technologies. As part of the framework, OpenAI will establish a specialized "Preparedness team" tasked with evaluating and predicting risks. This team will play a crucial role as a liaison between safety and policy teams operating within the organization....

OpenAI has introduced a comprehensive "Preparedness Framework" designed to address potential "catastrophic risks".

12/18/2023

In a strategic move aligning with its vision for 2024, Web3 metaverse developer Improbable has announced the sale of its gaming venture, The Multiplayer Group (MPG), to Keywords Studios for £76.5 million ($97.1 million). The co-founder and CEO of Improbable, Herman Narula, emphasized the shared values with Keywords Studios and expressed excitement about MPG's new chapter, highlighting Keywords' collaborations with major gaming industry players....

n a strategic move aligning with its vision for 2024, Web3 metaverse developer Improbable has announced the sale of its gaming venture.

12/15/2023

In a groundbreaking move, the Financial Stability Oversight Council (FSOC), chaired by U.S. Treasury Secretary Janet Yellen, has highlighted the potential perils of artificial intelligence (AI) for the first time in its annual financial stability report, released on December 14. While acknowledging the transformative potential of AI in boosting innovation and efficiency within financial institutions, the FSOC emphasized the need for heightened supervision due to the breakneck pace of technological advancements....

In a groundbreaking move, the Financial Stability Oversight Council (FSOC), chaired by U.S. Treasury Secretary Janet Yellenv.vvvv

12/14/2023

Microsoft and the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) have forged a groundbreaking partnership, aiming to prioritize workers' rights in the development of artificial intelligence (AI). The collaboration underscores Microsoft's commitment to including labor leaders' insights in technology development and fostering a labor-friendly AI landscape. The partnership outlines key objectives, including sharing information on AI trends with labor leaders and workers, integrating worker perspectives into AI development, and actively contributing to public policies that support the technological skills and requirements of frontline workers....

Microsoft and the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) have forged a groundbreaking partnership.

12/13/2023

Tesla's CEO, Elon Musk, has unveiled the latest prototype of the company's humanoid robot, Optimus Gen 2, showcasing its agility by demonstrating dance moves and squats. Musk shared a video presentation of Optimus Gen 2 on December 13, highlighting its improvements over the previous version. The Optimus Gen 2 robot is now 22 pounds lighter than its predecessor, Optimus Gen 1....

Elon Musk has unveiled the latest prototype of the company's humanoid robot, showcasing its agility by demonstrating dance moves and squats.

12/12/2023

OpenAI's cutting-edge language model, ChatGPT-4.0, has showcased remarkable potential in the field of clinical neurology by achieving an 85% correctness rate in a recent proof-of-concept study. The study, conducted by researchers from the University Hospital Heidelberg and the German Cancer Research Center, utilized questions from the American Board of Psychiatry and Neurology, along with some from the European Board for Neurology....

In this comparative study, the previous model, ChatGPT-3.5, scored 66.8%, correctly answering 1,306 out of 1,956 questions.

12/11/2023

Google's Gemini tech demo initially dazzled onlookers upon its December 7 release, amassing 2.1 million YouTube views. The six-minute video showcased seamless interactions between the AI model and a human operator, analyzing a duck drawing, interpreting hand gestures, and even inventing a game called "Guess the Country" based on a world map image prompt. However, critics are now accusing Google of presenting a misleading narrative....

Google's Gemini tech demo initially dazzled onlookers upon its December 7 release, amassing 2.1 million YouTube views.