EU Legislators Agree on World’s First AI Legislation
On February 13, EU legislators of the European Union agreed on the regulations for artificial intelligence (AI), paving the way for the first legislation in the world to have an AI focus. By a vote of 71-8, the Internal Market and Civil Liberties Committees approved the provisional agreement on the AI Act. The legislation aims […]
Japan FSA Suggests Halting P2P Fiat to Crypto Transactions
Japan’s primary financial regulator, the Financial Services Agency (FSA), has recommended several safeguards to prevent “illicit transfers” to cryptocurrency exchanges. One of which is controlling the peer-to-peer (P2P) transaction market. The FSA issued a request to Japanese institutions on February 14. The regulator reports that the country’s fraudulent transactions continue to be prevalent, mostly involving […]
Angel Drainer Steals Over $400K From Several Crypto Wallets
Reportedly, over $400,000 was stolen from 128 cryptocurrency wallets by the infamous phishing group Angel Drainer using a new attack vector that utilized Etherscan’s verification utility to obscure the malicious nature of a smart contract. Angel Drainer initiated the attack at 6:40 a.m. on February 12 by deploying a malicious Safe (formerly Gnosis Safe) vault […]
OpenAI Introduces “Memory” Feature for ChatGPT
Artificial intelligence provider OpenAI endows ChatGPT with “memory,” which enables the chatbot to recall previous conversations and prevent users from repeating themselves. OpenAI stated in a blog post dated February 13 that the new memory feature would be made available to a “small portion” of ChatGPT premium and free users later this week, adding that […]
South Korea FIU To Expel ‘Unsuitable’ Crypto Exchanges in 2024
The Financial Intelligence Unit (FIU) of South Korea has announced publicly that, beginning in 2024, it will increase scrutiny over cryptocurrency exchanges and expel platforms considered “unsuitable” from the domestic market. The Korea Times reported on February 12 that the FIU additionally aims to broaden the range of screening protocols utilized in the cryptocurrency market […]