Cardano’s founder responds to doubts, emphasizes Hydra and Mithril advancements

Related articles

• Microsoft’s urgent plea to lawmakers and companies over AI

  TL;DR Breakdown Brad Smith, Microsoft’s president, has urged governments to move faster in their regulations concerning AI. Microsoft also called for corporations to initiate safety brakes for AI technology and develop a more comprehensive regulatory and legal framework governing AI. There remains a debate over the benefits and the troubles that come with AI adoption. Brad Smith, Microsoft President, recently called for better regulation of Artificial intelligence from government officials and lawmakers. This week, the tech industry bigwig went to Washington, DC, where he urged the officials to put up policies to regulate and provide better risk management of technologies governing generative applications such as ChatGPT. Smith’s plea to governments and corporations Microsofts president has urged governments to move faster in their regulations while at the same time asking corporations to step up amidst rapid AI development. Speaking before a panel of lawmakers on May 25, Smith highlighted two things that ought to be of major concern in the United States to mitigate the unforeseen risks presented by AI.  He stated that the first issue would be to enable innovation with…

  Article 2023年5月29日

• Italy’s Central Bank urges action to avert stablecoin runs

  TL;DR Breakdown The Bank of Italy has called for increased regulatory monitoring of stablecoins, claiming that they “have not proven stable at all.” The Italian bank stated that the rise of cryptocurrencies, coupled with multiple “boom and bust cycles” in a largely unregulated environment, has resulted in “significant consumer harm.” The bank states that the industry must also dispel “the decentralization illusion” and recognize that the majority of decentralized protocols are run by primary stakeholders. Description The highest banking authority in Italy has called for a “robust, risk-based” regulatory framework for stablecoins, which could prevent the worst-case scenario — a “run” on stablecoins. In its recently released “Markets, Infrastructures, and Payment Systems” report for the month of June, the central bank urged regulators to apply the same financial standards of conduct … Read more The highest banking authority in Italy has called for a “robust, risk-based” regulatory framework for stablecoins, which could prevent the worst-case scenario — a “run” on stablecoins. In its recently released “Markets, Infrastructures, and Payment Systems” report for the month of June, the central bank urged…

  Article 2023年7月1日

• China’s data laws under suspicion by the EU

  TL;DR Breakdown EU businesses are wary of China’s ambiguous data laws and lengthy processes. China’s expanded counter-espionage law remains undefined in crucial areas, causing uncertainty. President Xi Jinping’s focus on national security adds to the confusion for foreign firms. Description While the world eagerly watches for technological advancements and innovations, there’s an undercurrent of suspicion and uncertainty looming over global businesses. At the epicenter of this is China’s recent data legislation, casting shadows over its relations with the European Union. The ambiguity in these laws and their extensive processes have EU businesses rattled, unsure of … Read more While the world eagerly watches for technological advancements and innovations, there’s an undercurrent of suspicion and uncertainty looming over global businesses. At the epicenter of this is China’s recent data legislation, casting shadows over its relations with the European Union. The ambiguity in these laws and their extensive processes have EU businesses rattled, unsure of the boundaries they shouldn’t cross. The Ambiguity Quagmire: China’s Vague Data Landscape China’s enhanced counter-espionage law, introduced in July, seems to be more of a maze than…

  Article 2023年9月19日

• Atomic Wallet efforts to track and revert stolen funds

  TL;DR Breakdown Atomic Wallet and blockchain investigators have been working diligently to track and return the stolen funds. The company claims that less than 1% of its monthly active users were affected. Despite the Company’s official announcement, some users were still reporting losses at the time of writing. A recent hack targeting Atomic Wallet resulted in the theft of $35 million from its users since June 2. However, the company claims that less than 1% of its monthly active users were affected. Following the attack, Atomic Wallet and blockchain investigators have been working diligently to track and return the stolen funds. Exploiting the situation, several verified scam Twitter accounts impersonated Atomic Wallet and shared phishing links, falsely promising to assist users in recovering their lost funds. Despite Atomic Wallet’s official announcement, some users were still reporting losses at the time of writing. The community criticized the company for downplaying the extent of the damage, as users believed the hacker primarily targeted wallets with substantial funds. At the moment less than 1% of our monthly active users have been affected/reported. Last…

  Article 2023年6月9日

• French government revises strict rules on influencer marketing for cryptocurrency companies

  TL;DR Breakdown French legislators have revised their strict regulations on cryptocurrency companies and influencer marketing, opting for a more innovative approach. The revised bill allows licensed cryptocurrency exchanges and compliant crypto companies to promote their products through influencer marketing. The legislation aims to promote transparency and oversight, with penalties for non-compliance including imprisonment and significant fines. In a stunning twist, French legislators have taken an unexpected stance by revising the strict rules initially proposed in March. These regulations had intended to impose severe limitations on cryptocurrency companies registered in the country, particularly those engaging in influencer marketing. However, the lawmakers have now opted for a more innovative approach, signaling a significant departure from the previous stringent measures. Earlier this month, the French government drafted a bill that imposed regulations on influencers, requiring them to obtain licenses and prohibiting them from engaging in exclusive marketing for crypto companies. This move by the French government aimed to regulate influencer activities and promote transparency in promoting cryptocurrencies. Arthur Delaporte and Stéphane Vojetta, who spearheaded the motion in the National Assembly, have stated that…

  Article 2023年5月28日