US Lawmakers Seek to Halt Crypto Funding to Hamas
105 lawmakers from both parties, led by Senators Elizabeth Warren, Roger Marshall, and Representative Sean Casten, have urged the Biden administration to take immediate action against Hamas and the Palestinian Islamic Jihad’s use of cryptocurrency. Recent news articles have detailed how Hamas and the Palestinian Islamic Jihad increasingly rely on cryptocurrencies to fund their operations. […]
Mumbai Police Seizes $3.92 M in Crypto Scam
Navi Mumbai police, on October 18th, uncovered a massive cryptocurrency scam worth $3.92 million while arresting 2 after a person fell prey to fraud involving fake promises of returns. According to reports, the Navi Mumbai police seized several bank accounts related to the crypto fraud, totaling approximately $3.92 million or Rs.32.6 crore. A Mumbai resident […]
Digitalization is Necessary for Financial Inclusion – IMF Director
In her keynote address at the International Monetary Fund (IMF) seminar on financial inclusion in Marrakesh, Morocco, IMF Managing Director Kristalina Georgieva stated that digitalization is “the most important way” to expand financial inclusion. IMF managing director Kristalina Georgieva says digitalization is “the most important way” to scale up financial inclusion. “It is digital that […]
UK to Target Potential AI Threats at Safety Summit
In November 2023, the United Kingdom will host the inaugural international Artificial Intelligence (AI) safety summit. This event places significant emphasis on the potential existential threat that AI presents. The 1–2 November summit will emphasize the potential existential threat of artificial intelligence, a concern of numerous legislators. British Prime Minister Rishi Sunak, who perceives the […]
Google Seeks Dismissal of AI Data Scraping Class-action Lawsuit
Google seeks dismissal of a proposed class-action lawsuit alleging that it violates users’ privacy and property rights by data scraping to train its artificial intelligence (AI) models. Google filed the motion on October 17 in a California District Court, arguing that it must use public data to educate its AI chatbots like Bard. It claimed […]