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US Banking Giant Patents AI Fact Checker to Simplify Investing in Crypto

US Banking Giant Patents AI Fact Checker to Simplify Investing in Crypto

Capital One Services, a subsidiary of US banking giant Capital One has patented a new artificial intelligence system to guide human cryptocurrency traders through the complicated world of misinformation in the digital assets space.

EU Council Adopts DAC8 Directive to Enhance Tax Oversight on Crypto Transactions

EU Council Adopts DAC8 Directive to Enhance Tax Oversight on Crypto Transactions

The Council of the EU has adopted the DAC8 directive to enhance administrative cooperation among national tax authorities concerning crypto-asset transactions and tax rulings for high-net-worth individuals. The directive broadens the scope of assets covered, mandates automatic information exchange, and aligns with global standards set by the OECD and G20 to address challenges posed by the digital economy.

Over 1 in 3 TikTok Influencers Post Misleading Crypto Content

Over 1 in 3 TikTok Influencers Post Misleading Crypto Content

A study by dappGambl found that over 1 in 3 TikTok influencers posting crypto-related content were found to be sharing misleading information, without providing adequate disclaimers or warning users about investment risks. The study analyzed over 1,161 videos on the platform and discovered that 47% of creators were pushing services to make money. The potential financial risk for unwary investors remains high, with popular hashtags related to crypto churning over 6 billion views on TikTok.

Chinese President Xi Jinping Highlights the Transformative Impact of Blockchain and AI on Global Industries

Chinese President Xi Jinping Highlights the Transformative Impact of Blockchain and AI on Global Industries

Chinese President Xi Jinping praised emerging technologies like AI and blockchain at the 2023 China International Intelligent Industry Expo, highlighting their potential global implications.

Digital Transformation in Finance and Accounting Accelerated by Pandemic, ISG Reports

Digital Transformation in Finance and Accounting Accelerated by Pandemic, ISG Reports

The 2023 ISG Provider Lens™ report highlights the global transformation of finance and accounting departments due to COVID-19 lockdowns and remote work, relying on external providers for digital strategies and outcome-based contracts.

Trump Warns of AI and Deepfake Dangers in Fox Business Interview

Trump Warns of AI and Deepfake Dangers in Fox Business Interview

Former President Donald Trump criticized AI and deepfake technology, stating they pose significant risks and require urgent action to mitigate potential conflict and misinformation, emphasizing the complexities of regulating AI and ensuring ethical use.

Coin Cloud Customer Data and Source Code Allegedly Stolen

Coin Cloud Customer Data and Source Code Allegedly Stolen

Coin Cloud, a cryptocurrency ATM provider, has suffered a data breach involving 70,000 customer selfies and 300,000 PII stolen, highlighting the need for improved security measures in the cryptocurrency sector.

Worldcoin (WLD) Investigated by South Korea's Personal Information Protection Commission

Worldcoin (WLD) Investigated by South Korea's Personal Information Protection Commission

Amidst privacy concerns, South Korea's Personal Information Protection Commission has launched an investigation into Worldcoin's data collection practices.

Ethereum Devs Discuss Dencun Upgrade and EVM Object Format

Ethereum Devs Discuss Dencun Upgrade and EVM Object Format

The ACDE Call #172 saw Ethereum developers discussing the Dencun testing progress and the debated EOF proposal amidst concerns over its complexity and timing. The discussions reflect a cautious approach towards substantial protocol upgrades, ensuring Ethereum's evolution considers both immediate and long-term implications.

TikTok Crypto Influencers Mislead Viewers

TikTok Crypto Influencers Mislead Viewers

More than one-third of cryptocurrency influencers on TikTok have posted misleading videos about Bitcoin and other cryptocurrencies, according to a recent study. Many of these influencers fail to provide disclaimers warning users about the risks of investing in cryptocurrencies. Moreover, many are pushing services and investments for their own profit, without disclosing the payments they receive. The potential financial risks for unwary investors are high, with one in three misleading videos on TikTok mentioning Bitcoin. Viewers are advised to do their own research before making any investments.

RSS3 aggregating Farcaster & Lens to MetaMask Snap

RSS3 aggregating Farcaster & Lens to MetaMask Snap

RSS3 is developing a MetaMask Snap to aggregate decentralized social information, provide real-time notifications, and enable users to sync and aggregate their graphs.

RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure

RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure

RBL Bank announced that it will partner with Accenture, who envisions that it will enhance the bank’s information technology (IT) network and services.

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