TL;DR Breakdown Mercedes-Benz has announced that it will infuse ChatGPT’s chatbot into its vehicles. The company says it will enable data protection and consumer engagement as the core of the design. German automaker Mercedes-Benz has announced plans to introduce OpenAI’s ChatGPT chatbot into its vehicles through a beta program for the Mercedes-Benz User Experience (MBUX) feature. This integration will enable AI-driven voice commands and provide additional functionality to enhance the user experience for Mercedes-Benz owners. The beta program will commence on June 16 and run for three months, exclusively targeting the United States market. Mercedes-Benz to test the feature in a beta program Mercedes-Benz will leverage the Microsoft Azure OpenAI Service, which was launched by Microsoft in March, to bring the popular ChatGPT chatbot to its cars. The MBUX voice assistant, featuring the well-known “Hey Mercedes” feature, was initially introduced in 2018 on the A-Class vehicles. To participate in the beta program, drivers simply need to inquire about it through their vehicles. The voice commands for the AI are performed directly through the car’s interface, allowing drivers to interact seamlessly…

TL;DR Breakdown Venezuela’s national cryptocurrency, Petro, is reportedly nearing its end, according to insiders at the Superintendency of Cryptoactives (Sunacrip), the overseeing authority. The Petro’s blockchain operations recently came to an unexpected halt, causing concern within the national and international crypto community. The Petro’s value had depreciated significantly before this halt, despite the government maintaining its public worth at $60 each. After a five-year life span teetering on the brink of insubstantiality, Venezuela’s national cryptocurrency, the Petro, seems to be nearing its end. This impending demise, as suggested by insiders, is set to be carried out by the Superintendency of Cryptoactives (Sunacrip), the authority vested with the task of overseeing the nation’s virtual currency realm. The waning Petro and an unsettled crypto community The blockchain of Petro, a cryptocurrency tethered to oil and mineral prices in Venezuela, has been recently implicated in a corruption scheme with PDVSA, the nation’s state-owned oil and gas company. This alleged involvement added fuel to the mounting suspicions about the crypto asset’s stability when its blockchain operations came to an unexpected halt in late May….

TL;DR Breakdown U.S. Treasury Secretary, Janet Yellen, has defended the supremacy of the U.S. dollar in global economics, dismissing efforts by other countries, including China, to circumvent the dollar’s role. Yellen acknowledged the growing trend of countries looking for alternative reserve currencies to rival the greenback, which is mainly motivated by their desire to evade U.S. sanctions. The move towards alternative currencies comes amid increased calls for a global economy less reliant on the dollar, with some countries opting to use their own currencies for cross-border transactions. Janet Yellen, U.S. Treasury Secretary, recently addressed the U.S. Congress, asserting the supremacy and insurmountable role of the greenback in the world’s financial landscape. Emphasizing the fundamental challenges any country, including major players like China, would face in attempting to circumvent the U.S. dollar, Yellen confidently proclaimed the enduring potency of the U.S.’s economic might. Countries’ quest for dollar alternatives In her address to the Financial Services Committee of the U.S. Congress on June 13, Yellen recognized the ongoing international quest to forge alternative reserve currencies capable of challenging the dominant greenback. She…

Flow Price Prediction 2023 – up to $1.08 Flow Price Prediction 2026 – up to $3.42 Flow Price Prediction 2029 – up to $10.05 Flow Price Prediction 2032 – up to $30.58 Seasoned traders go by the time-tested formula: invest most of your crypto portfolio in BTC (50%); 35% in a basket of big-cap coins, and the rest in small projects with huge upside. But for beginners, all cryptocurrencies are risky investments, so they must tread lightly and keep all their senses open in the crypto space. Let’s see what we can take away from this Flow Coin Price Prediction. The Flow ecosystem continues to build innovative products and solutions despite what’s happening with other similar organizations. Look at some of the Flow community’s achievements in Q1 to know the potential as the layer 1 blockchain of choice for building and scaling mainstream powerful innovations. Much of the broad-based interest in FLOW appears to be due to a big listing announcement. Specifically, crypto exchange Coinbase announced that Flow would be the latest crypto investors can trade on the platform. How high can the “Coinbase effect” take Flow?…

TL;DR Breakdown Tether, the stablecoin issuer, has responded to reports that its reserves once included securities issued by Chinese state-owned companies. Tether clarified that the information presented is outdated, and its exposure to Chinese commercial papers has been reduced to zero. The response comes amid ongoing scrutiny and criticism regarding the transparency of Tether’s reserve holdings and highlights the importance of transparency in the stablecoin industry. Stablecoin issuer Tether has published a detailed response to reports that its reserves once included securities issued by Chinese state-owned companies. Media outlets, including Bloomberg, highlighted New York’s Attorney General (NYAG) documents revealing that Chinese securities backed Tether’s USDT stablecoin. In its response, Tether stated that the information presented by the media outlets needed to be updated and reflect the company’s current state. Tether clarified that its exposure to Chinese commercial papers was liquid, and all the issuers were stable with high ratings. Furthermore, the stablecoin issuer emphasized that its exposure to commercial paper holdings was reduced to zero last year, resulting in no financial losses. Everything You Need To Know About What We…

TL;DR Breakdown New York-based digital assets platform Bakkt is delisting Solana (SOL), Polygon (MATIC), and Cardano (ADA) in response to regulatory uncertainty and recent SEC lawsuits against crypto exchanges. Bakkt has adopted a compliance-first approach and has been actively reducing its list of tokens to ensure regulatory compliance. The delisting reflects the increasingly hostile regulatory environment in the U.S., with Bakkt aiming to navigate the evolving landscape until there is further clarity on compliant offerings. New York-based digital assets platform Bakkt has decided to delist three major cryptocurrencies, namely Solana (SOL), Polygon (MATIC), and Cardano (ADA). However, the move comes in response to recent regulatory developments and lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against crypto exchanges Binance and Coinbase. The SEC’s complaints labeled Solana’s SOL, Polygon’s MATIC, and Cardano’s ADA as securities, prompting Bakkt to take proactive action. Compliance-first approach and delisting process Bakkt, initially launched by Intercontinental Exchange (ICE) in 2018, has adopted a compliance-first approach in the face of evolving regulatory requirements. Following its acquisition of trading infrastructure provider Apex Crypto in a $155…

TL;DR Breakdown Cryptopolitan, on good authority, brings you the inside happenings at Do Kwon’s hearing in Montenegro.  Do Kwon will reportedly be taken into extradition custody in Montenegro as the courts consider handing him over to South Korean authorities. The sun has set down on Do Kwon, and it’s not a fun affair. Sources present in court have informed Cryptopolitan that Do Kwon will remain behind bars for a while. According to reports, Do Kwon is to remain in Montenegro custody for six months while the country’s courts consider an extradition request from South Korea. All goes against Do Kwon favor In March, the South Korean national and colleague Terra executive Han Chang-Joon were arrested in Montenegro for allegedly possessing forged documents. South Korean officials were already on the hunt for Do Kwon, and after his detention, both South Korea and the United States requested his extradition. Kwon is also facing potential imprisonment in Montenegro for document forgery. A few hours ago, Do Kwon appeared in court, and here is part of his footage. What remains clear is that Montenegro’s…

TL;DR Breakdown Prometheum is the first SEC-licensed platform for trading digital asset securities. It managed to gain SEC approval despite having no available crypto protocols to trade. Prometheum raised significant funding, including from a company linked to the Chinese Communist Party. It plans to launch its blockchain and token but hasn’t specified their use cases. Get ready to dive into the complex world of Prometheum, a Special Purpose Broker-Dealer (SPBD) that’s been making waves in the cryptosphere. Serving as the first officially SEC-licensed platform for trading digital asset securities, Prometheum is taking center stage in the discussion of cryptocurrency regulation. Yet, the road to its current standing is as winding and intriguing as the blockchain technology that powers it. Understanding the Prometheum phenomenon Prometheum’s journey began in 2017, and it has since evolved into a platform that holds the golden ticket – the SEC’s approval for trading digital asset securities. Unlike its well-known counterparts, Coinbase, Binance and the rest, which have been jousting with the SEC for years over regulatory issues, Prometheum secured the much-sought-after license, albeit without a clear…

TL;DR Breakdown A U.S. judge is deliberating whether Terraform Labs’ digital assets, including TerraUSD and Luna, are securities, which is central to the SEC’s fraud case against the company. Terraform Labs and founder, Do Kwon, face allegations of defrauding investors by selling unregistered securities. The company disputes these claims, arguing their digital assets don’t fit the securities definition, implying SEC’s lack of jurisdiction over the industry. As the growing influence of digital currencies disrupts financial markets globally, the nature of these digital assets and their regulatory status are under intense scrutiny. A pivotal case involving Terraform Labs and its founder, Do Kwon, is at the epicenter of this scrutiny, with a U.S. judge currently deliberating over the company’s digital assets and their status as securities. Digital assets under microscope in the U.S. At the crux of the issue is whether the digital assets produced by Terraform Labs are considered securities, a decision that will significantly impact the ongoing fraud case brought forth by the U.S. Securities and Exchange Commission (SEC) against Terraform Labs and Do Kwon. Terraform Labs is the…

TL;DR Breakdown Top AI companies including OpenAI, Google, Microsoft, and Adobe are in talks with major media outlets regarding the use of news content to train AI technologies. These discussions aim to set a blueprint for future collaborations between AI and news companies, while addressing copyright concerns. In an era where technology and news media often intersect, a ground-breaking series of negotiations are on the horizon. Forefront players in artificial intelligence, including OpenAI, Google, Microsoft, and Adobe, are engaging in dialogues with top media houses to explore collaborations over the use of news content in training their AI technologies. AI technology meets news content Publishing magnates like News Corp, Axel Springer, The New York Times, and The Guardian are reported to be in preliminary discussions with the AI giants. The topic of conversation? The use of copyrighted news material to refine AI technologies like text chatbots and image generators. One suggested arrangement involves the AI firms paying subscription-like fees to the media houses, in exchange for content to develop technologies underpinning chatbots like OpenAI’s ChatGPT and Google’s Bard. This innovative…