Author: Crypto News Live

Developers working on artificial intelligence should be licensed and regulated similarly to the pharmaceutical, medical and nuclear industries, according to a representative of Britain’s largest opposition political party.Lucy Powell, a member of parliament for the United Kingdom’s Labour Party, told The Guardian on June 5 that firms like OpenAI and Google that have created AI models should “have to have a license in order to build these models,” adding:“My real point of concern is the lack of any regulation of the large language models that can then be applied across a range of AI tools, whether that’s governing how they…

Apple’s newly revealed mixed-reality headset, the Apple Vision Pro, has both turned tech-enthusiast heads and raised eyebrows after its unveiling at the WWDC on June 5. There was however, one glaring omission from the launch — a single mention of the word “metaverse.” Apple Vision Pro is everything we hoped for and then some. But at $3,499 you’re either an early adopter or a AR/VR developer.Yet two things change after today:1. “Metaverse” will stop being a bad word (even though Apple didn’t use the word) – sparking a resurgence in… pic.twitter.com/x8FcGsKTbj— Bilawal Sidhu (@bilawalsidhu) June 5, 2023 The tech company…

After being labeled as an unregistered security, ADA’s price fell sharply. The Cardano founder opined that the regulator was authoritarian. Shredding 7.64% in the last 24 hours was not something Cardano [ADA] holders would have imagined at a time when the token was having a relatively good season. But the U.S. Securities and Exchange Commission (SEC) had other plans. Realistic or not, here’s ADA market cap in BTC’s terms In the latest round of regulatory proscription, the agency shortlisted ADA, Solana [SOL], Polygon [MATIC], Binance Coin [BNB] among other cryptocurrencies, as securities. Although the lawsuit was directed at Binance, ADA appeared…

Blockchain JPMorgan has partnered with six Indian banks to deploy a blockchain-based platform in India’s newest international financial hub, GIFT City. This development is expected to significantly boost New Delhi’s efforts to position GIFT City as an alternative trading centre to Singapore and Dubai. The Reserve Bank of India has already opened a domestic dollar settlement market at GIFT City. However, in the current settlement system, settlements can take several hours to complete, and transactions are not processed on weekends or holidays. A new, real-time, blockchain-based system will remove these hindrances and make settlement available 24/7. Using blockchain technology to…

NFT While non-fungible token (NFT) sales witnessed a substantial increase in May, demonstrating significant progress, recent data indicates that NFT sales have soared by 39.35% within just the last week alone. Furthermore, sales figures for the trailing week demonstrate that the Bitcoin blockchain maintains its rank as second in weekly sales volume. Ethereum Dominates NFT Market with 60% Share, Bitcoin NFT Sales Capture 17% of Weekly Sales Volume The NFT sales for this week saw a 39.35% growth from last week, amounting to $202.22 million in global sales. The quantity of NFT buyers also expanded by 37.45%, reaching the current…

A popular analyst says that Bitcoin (BTC) and the crypto markets could receive a boost from the resumption of monetary expansion. In a new video update, the pseudonymous host of InvestAnswers says that global liquidity, or the amount of money circulating in the system, has historically been one of the best indicators for the movements of the crypto markets. The analyst says that with liquidity slightly falling over the past year, the trend is likely to reverse and boost Bitcoin in the process. “Global liquidity has fallen down because the US is tampering their money supply. It’s down 4% or…

Lookonchain’s data revealed that whales were selling their PEPE holdings.  Supply outside of exchanges decreased, but positive sentiment went up.  Pepe’s [PEPE] price has remained bearish for weeks now, causing a significant reduction in the memecoin’s market cap. Considering the press time market trend, the possibility of PEPE losing its spot on the list of the top 100 cryptos by market cap seemed pretty likely to happen soon.  How much are 1,10,100 PEPEs worth today? According to CoinMarketCap, PEPE’s price had declined by 28% and 14% in the last seven days and past 24 hours, respectively. At the time of writing,…

Some developers of the Bitcoin network argued against Ordinals and BRC-20’s existence. While others saw no problem, the market cap of the memecoins did witness a drop.  A fracas erupted in the Bitcoin [BTC] coders’ camp due to the problem the group has faced since the introduction of Bitcoin Ordinals. And also the BRC-20 standard. Bloomberg, in its 4 June report, mentioned that some coders were on the same page with respect to the matter. The coders, known to have debates and discussions regarding various aspects of the Bitcoin blockchain, are responsible for keeping the network alive. However, the deployment…

Blockchain JPMorgan Chase & Co has partnered with six Indian banks to introduce a blockchain-based platform in India’s newest international financial hub, GIFT City. This development is expected to significantly boost New Delhi’s attempts to position GIFT City as an alternative trading center to Singapore and Dubai. The Reserve Bank of India has already started a domestic non-deliverable forward market settled in dollars at GIFT City. However, the existing settlement system could take a few hours for the settlement to complete, and transactions are not settled on weekends or public holidays. This new real-time blockchain-backed system will remove these hindrances…

Let’s look at what this implies for the world of NFTs and how it streamlines the process of migrating NFT collectors to the Bitcoin network. But first, we have to explore the concept of BRC-721. What is the BRC-721 token standard? The BRC-721 token is a token standard for NFTs (Non-Fungible Tokens) on the Bitcoin network, derived from BRC-20 (a token standard for fungible tokens). Each BRC-721 token contains a specific and non-replaceable identifier (Identifier inscription). The inscription ID will be produced in numerical sequence from 1 to max (max is the maximum value of an NFT Collection’s entire supply).…