Tether CEO Paolo Ardoino foresees brain implants becoming mainstream in the next 20 years, following a breakthrough by Blackrock Neurotech. The company successfully restored speech in an ALS patient using a text-to-speech brain implant. Ardoino believes BCIs could offer solutions for paralysis and neurological disorders, granting direct access to computing power and AI capabilities. He envisions a future where BCIs create a new class of humans with advanced cognitive abilities. Tether's interest in BCIs aligns with its EVO strategy to empower humans and challenge tech giants. The company is also expanding its AI development. In other news, Nigerian authorities are seeking to recover $2.4 billion in BTC collateral, while PayPal's stablecoin participation on Ethereum and Solana is growing. Tether plans to expand its compliance team, and CryptoSlate's market report explores the VIX's impact on the crypto industry. Disclaimer: Cryptocurrency trading is high-risk, and readers should conduct their own research before investing. Read more AI-generated news on: https://app.chaingpt.org/news

A team of Cornell University researchers, including Ethereum co-founder Vitalik Buterin, is exploring potential risks that could transform into 'dark' voting systems within decentralized autonomous organizations (DAOs). Their focus is on countering unified attacks on protocols through smart contract bribery as DAOs become more mainstream. The researchers introduced proofs of complete knowledge (CK) in 2023 to address vulnerabilities in voting protocols. By utilizing trusted execution environments (TEEs) and application-specific integrated circuits (ASICs), they aim to ensure that tokenholders maintain control over their keys and prevent manipulation by malicious actors. While still in the prototype phase, the research demonstrates the realistic threat posed to DAOs and the potential for vote buying. DeFi and Ethereum are highlighted as the 'new narrative' by Michaël van de Poppe in X Hall of Flame magazine. Read more AI-generated news on: https://app.chaingpt.org/news

Holonym Foundation, a pioneer in digital identity security for the decentralized web, has successfully completed a $5.5 million seed funding round led by Finality Capital and Paper Ventures. The foundation aims to empower individuals with self-sovereign control over their digital identities through innovative Human Keys technology. By transforming humans into keys, this approach enhances data ownership, privacy, and security in the digital realm. Holonym Foundation's protocols prioritize robust data privacy and security, ensuring that individuals have exclusive control over their digital assets. With a focus on global digital inclusion, the foundation's mission is to redefine internet interactions and strengthen individual rights. Through products like Mishti Network, Silk, and Zeronym, Holonym Foundation is revolutionizing digital security and privacy in zero trust environments. The foundation's commitment to applied cryptography innovation underscores its dedication to solving real-world challenges and advancing the future of digital identity security. Read more AI-generated news on: https://app.chaingpt.org/news

The adoption of futures trading in the cryptocurrency sector has been swift and deep, with a total market volume of $32 trillion in 2023. In March 2024 alone, derivatives trading volumes surged by 86.5% to a record $6.18 trillion. The interest in futures trading is evident from the most-read articles on the MEXC Learn platform, with topics like 'What is Futures Trading' garnering over 120,000 views. Users, particularly English, Russian, and Turkish speakers, are drawn to educational content that simplifies complex concepts and provides market insights. The platform's emphasis on clear explanations, theoretical foundations, and innovative 'earn' models reflects the growing interest in crypto trading. As users seek knowledge and opportunities in this dynamic sector, platforms offering accessible content and interactive learning experiences will play a crucial role in shaping the future of crypto education. Read more AI-generated news on: https://app.chaingpt.org/news

A recent financial disclosure required by the Federal Election Commission for candidates seeking federal office unveiled that Donald Trump earned $300,000 for endorsing $60 Bibles alongside singer Lee Greenwood. The disclosure also showed that Trump owns over $1 million in cryptocurrency, despite previously criticizing it as a 'scam.' His shifting views on cryptocurrency were evident, with one entry valuing his 'cryptocurrency wallet virtual ethereum key' between $1 million and $5 million. Trump's financial ventures included significant royalty payments from book sales and NFT trading cards, as well as the valuation of his media company, Truth Social. Additionally, the disclosure highlighted the financial success of his Mar-a-Lago club in Florida. Trump's legal team is preparing to sue the Justice Department for $100 million in damages following a raid on the club that led to a federal case over classified documents. Read more AI-generated news on: https://app.chaingpt.org/news

GalFi (Galactic Finance) introduces a novel play-to-earn concept in the Web3 gaming world. It envisions a universe where deep space is a vibrant ecosystem of planets, asteroids, and civilizations waiting to be explored. Players engage in a tokenized sci-fi strategy game, managing deep space governance and exploration. With 15 in-game currencies, GalFi offers diverse economic opportunities like staking, resource generation, and trading. Players can customize their space empires, mine resources, and participate in colonization efforts. The game's economic model prioritizes community involvement, with 80% of tokens allocated for rewards. NFTs play a crucial role in gameplay, evolving with changing metadata. GalFi's launch in Q4, 2024 promises a unique blend of strategy, exploration, and economic growth in space. Whether a crypto enthusiast or gaming aficionado, GalFi offers a journey of endless possibilities. Join the community and prepare for a wealth-building adventure among the stars. Read more AI-generated news on: https://app.chaingpt.org/news

Hong Kong regulators have initiated a collaborative effort with the private sector to focus on stablecoins, sparking discussions on the potential impact on coins like Tether's USDT and Circle's USD Coin. The Hong Kong Monetary Authority (HKMA) recently unveiled the first five participants in the stablecoin issuer sandbox, including big names like Standard Chartered Bank and Animoca Brands. Participants will test their stablecoin models and work with HKMA on compliance. Jingdong Coinlink Technology plans to launch a stablecoin pegged to the Hong Kong dollar. Despite the advantages of stablecoins like 24/7 trading, mainstream adoption remains limited due to regulatory uncertainties. To address this, HKMA is pushing for stablecoin regulations within the sandbox, aiming for full asset reserves and compliance with AML and KYC requirements. The future of stablecoins in Hong Kong could impact global finance significantly, with potential for cross-border trade and investment scenarios. Read more AI-generated news on: https://app.chaingpt.org/news

Bybit, a cryptocurrency exchange, has obtained registration as a virtual asset service provider (VASP) and card operator from Argentina’s Financial Information Unit (FIU). The VASP registration, introduced in March to align with Anti-Money Laundering and Combatting the Financing of Terrorism requirements, signifies Bybit's commitment to compliance. Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022, allowing users to withdraw funds in fiat currency. Despite halting operations in France and Canada due to regulatory issues, Bybit's registration in Argentina reflects the growing crypto adoption in the country. Argentina, ranked 15th globally for crypto adoption, has faced pressure from the FATF to regulate its crypto market. Recent legislation has provided tax amnesty on registered crypto assets, signaling a shift towards crypto-friendly policies in the region. Read more AI-generated news on: https://app.chaingpt.org/news

The United States Financial Services Committee (FSC) leaders have responded to the US Treasury's request for feedback on regulating artificial intelligence. In a letter published on Aug. 16, the committee's Republican leadership advocated for a light-touch regulatory approach. They emphasized the need to evaluate each financial institution's use of AI technology on a case-by-case basis to avoid stifling competition. The committee expressed optimism about the potential of generative AI, such as OpenAI's ChatGPT and Anthropic's Claude, in expanding access to financial services and promoting inclusion. While recommending an organic approach to regulation, the FSC proposed a regulatory sandbox for AI to address emerging challenges. However, there is a discrepancy in the committee's stance on consumer privacy, as they suggest allowing users to terminate data collection, which could impact the business models of major US AI firms. Implementing such regulations may pose challenges in deleting user data from existing AI systems like ChatGPT. Read more AI-generated news on: https://app.chaingpt.org/news

Germany's Federal Office for Information Security, BSI, highlighted the importance of secure crypto storage in a recent LinkedIn post. They recommended using hardware wallets as the safest option for storing private keys. The post discussed the risks of exchange-linked wallets, which are vulnerable to hacks due to their constant internet connection. Self-custodial wallets on computers or smartphones were also deemed safer but still had security gaps. The BSI emphasized the need for backups of seed phrases and private keys stored in a secure location. Recent data showed a rise in crypto hacks, with private key exploits accounting for a significant portion of the stolen funds. Notable incidents included the hack of an Indian crypto exchange and an exploit on the Casper Network. Overall, the post underscored the importance of prioritizing security measures in crypto storage practices. Read more AI-generated news on: https://app.chaingpt.org/news

Artificial intelligence experts express concerns about AI bots dominating the internet like a digital invasive species. Instead of restricting bots and AI-generated content, a group of researchers proposes a system where individuals must verify their humanity in person to obtain 'personhood credentials.' This concept is similar to 'proof of personhood' blockchain technologies used in the crypto community. The team, consisting of experts from companies like OpenAI and Microsoft, as well as academic institutions, warns that current limitations may not last long. They advocate for designated issuers to verify individuals' humanity, limiting access to services to verified humans only. While the system's effectiveness against cyberattacks and quantum-assisted decryption remains uncertain, further research is needed to address potential challenges. The team calls for continued study to refine this concept of centralized pseudo-anonymity for online interactions. Read more AI-generated news on: https://app.chaingpt.org/news

Finance Redefined presents your weekly essential decentralized finance insights, highlighting significant developments from the past week. Crypto investors saw a boost in optimism as Pitchbook data showed a 2.5% increase in crypto startup funding to $2.7 billion in Q2 2024, despite a drop in overall investment deals. Tron network outperformed Ethereum in revenue over 90 days, potentially reaching $2 billion by year-end, making it the 'most profitable blockchain.' Vessel, with $10 million in seed funding, aims to enhance DeFi with a layer-3 solution focusing on zero-knowledge technologies. Coinbase submitted a letter to the SEC criticizing proposed exchange definitions. Ethereum hit a milestone with 120 million Ether supply. The majority of the top 100 cryptocurrencies ended the week in the red. Stay tuned for more impactful DeFi updates next week. Read more AI-generated news on: https://app.chaingpt.org/news

Blockchain Life 2024, a prominent event in the web3, cryptocurrency, and mining industry, has unveiled the initial lineup of speakers for its 13th edition. Scheduled for October 22-23, the event aims to gather over 10,000 influential individuals worldwide to share insights on capitalizing on the current Bull Run. The founder, Sergei Khitrov, expressed excitement about the lineup, hinting at more surprises to come. The event, to be held in Dubai, UAE, will offer panel discussions, keynote presentations, networking opportunities, and a crypto expo with 200+ booths. A unique feature includes free simultaneous translation into 70+ languages. Attendees can use the promo code COINJOURNAL10 for a 10% discount on tickets. Visit https://blockchain-life.com/ for more details. Read more AI-generated news on: https://app.chaingpt.org/news

The Dubai Court of First Instance in the United Arab Emirates has made a notable update to its approach towards cryptocurrency. In a recent ruling, salary payments in crypto have been deemed valid under employment contracts. This decision marks a shift from a previous stance in 2023, where a similar claim was rejected due to the lack of precise valuation of the cryptocurrency involved. The court's recognition of digital currencies in employment contracts reflects a progressive attitude towards integrating them into the legal and economic framework of the country. The case in question involved an employee seeking payment in both fiat and EcoWatt tokens, with a dispute arising over the employer's failure to fulfill the token portion of the salary. The court's decision to enforce the payment in crypto without conversion into fiat signifies a positive step towards embracing digital currencies in financial transactions, fostering a more inclusive and innovative business environment in the UAE. Read more AI-generated news on: https://app.chaingpt.org/news

Two IMF executives suggest that imposing a tax of $0.047 per kilowatt hour on crypto mining could reduce emissions and increase government revenue. The tax could potentially raise the average electricity price for miners by 85% and generate $5.2 billion in yearly revenue. Additionally, a tax on AI data centers could further contribute to emissions reduction and revenue generation. The executives argue that such taxes could incentivize the adoption of energy-efficient practices in both sectors. However, global coordination would be necessary to prevent relocation to jurisdictions with lower standards. Despite concerns over emissions, some argue that tech giants like Amazon have a larger carbon footprint than Bitcoin. Certain countries have already taken measures to regulate crypto mining due to its strain on power grids. Overall, the proposed taxes aim to address environmental concerns and promote sustainability in the crypto mining and AI industries. Read more AI-generated news on: https://app.chaingpt.org/news

Coinbase, the world’s second-largest cryptocurrency exchange, has hinted at the development of a new token called Coinbase BTC (cbBTC), which could greatly enhance the adoption of Bitcoin-native decentralized finance (DeFi). This announcement has sparked excitement among crypto investors and industry experts. The introduction of cbBTC is seen as a significant move that could strengthen the Bitcoin DeFi ecosystem, attracting more developers and users to explore the potential of decentralized applications (DApps) and innovative use cases. The success of cbBTC will rely on its attributes and the demand it generates within the DeFi space. With the growing liquidity of the Bitcoin ecosystem and the success of tokens like Wrapped Bitcoin (wBTC), there is a promising outlook for the expansion of DeFi. Coinbase's venture into the wrapped token space is expected to leverage its mainstream credibility and further drive the adoption of decentralized financial solutions. Read more AI-generated news on: https://app.chaingpt.org/news

In a groundbreaking move, Cellula has introduced a programmable incentive layer on the Ethereum Virtual Machine (EVM) ecosystem to tackle issues of fair asset distribution and decentralization in the cryptocurrency industry. The core of Cellula's innovation lies in its virtual Proof-of-Work (vPOW) consensus mechanism, which merges concepts from Conway’s Game of Life, Variable Rate GDAs Algorithm, and Game Theory to transform how digital assets are distributed and liquidity is allocated. By addressing the problem of asset concentration among a few entities, Cellula aims to promote fairness and accessibility in the crypto space. Through innovative algorithms like Conway’s Game of Life for mining, Variable Rate GDAs for pricing, and Analysoor for fair asset distribution, Cellula is reshaping decentralized finance and on-chain participation. The project's permissionless nature and transparent processes further enhance decentralization and credibility, setting a new standard for equitable asset distribution in the crypto ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news

The cryptocurrency market in 2024 has seen its fair share of fluctuations, with a recent crash causing panic among investors. However, amidst the chaos, there are signs of market recovery, particularly in meme coins like Dogecoin, Shiba Inu, and Dogwifhat. The emergence of Pepe Unchained ($PEPU) has garnered significant attention due to its innovative blockchain technology, Pepe Chain, which addresses scalability and transaction fee issues faced by Ethereum users. With faster transaction speeds, lower fees, and enhanced security features, $PEPU has become a popular choice for investors. The ongoing presale phase has raised substantial funds, hinting at potential price surges post-launch. With positive price predictions and accessible purchasing options, Pepe Unchained presents a lucrative investment opportunity for those looking to capitalize on its growth potential and community engagement. Read more AI-generated news on: https://app.chaingpt.org/news

Shiba Inu's marketing lead, Lucie, announced the official launch date for liquid staking on the Shibarium network. The development team's progress was celebrated, with liquid staking set to launch on September 18. Shibarium, a layer-2 blockchain solution for Shiba Inu, will integrate liquid staking through K9 Finance. Users can stake BONE tokens and receive knBONE, a tradable derivative token. The BONE Crusher feature testing phase targeted large token holders initially and is now open to the public. The mainnet launch on September 18 marks the second phase of the project, with 'Boro' set to launch in Q3 2024. The final phase, 'Caninae', is scheduled for Q4 2024. K9 Finance also launched its governance token, KNINE, on Uniswap. SHIB is currently trading at $0.00001370. Read more AI-generated news on: https://app.chaingpt.org/news

Crypto investigator ZachXBT has uncovered a sophisticated scheme where North Korean IT workers infiltrated a crypto project, stealing $1.3 million. The theft involved developers hired under false identities who inserted malicious code to transfer funds. The stolen money was laundered through various platforms, including Solana, Ethereum, and Tornado Cash. ZachXBT's investigation revealed a network of North Korean operatives involved in over 25 crypto projects, with connections to a sanctioned individual. The perpetrators exhibited unusual behaviors, such as IP overlaps and accidental leaks of identities. ZachXBT advised affected projects to enhance security measures and watch for suspicious indicators. The case highlights the industry's vulnerability to malicious actors and the need for thorough background checks. CryptoSlate, a trusted source for crypto news, provides insights on market trends and expert analysis. Readers are urged to conduct their own research before engaging in cryptocurrency activities. Read more AI-generated news on: https://app.chaingpt.org/news