US Congressman: Blockchain is ‘the authenticator’ in the AI era

In an address at the Permissionless II conference, US Congressman Tom Emmer urged the blockchain industry to shift its focus towards innovation—asserting that the technology is key to authenticating content in the AI era.

Emmer's remarks come in the wake of recent legal victories for Ripple and Grayscale, with the prospect of an upcoming Supreme Court ruling that could reshape the regulatory landscape.

During a panel discussion, Congressman Emmer began by acknowledging...

12 September 2023 | Altcoins

Bosch partners with Fetch.ai on $100m web3 foundation

web3

Global electronics company Bosch is collaborating with Fetch.ai, an AI-focused crypto protocol, to create a $100 million (£83m) web3 grant programme.

The Fetch.ai Foundation will aim to increase industry adoption of technologies relating to artificial intelligence, web3, and the Internet of Things (IoT). It plans to fund research and development into decentralised technology and practical use cases with real-world benefits.

The $100 million will be distributed in grants...

21 February 2023 | Blockchain Applications

Sam Bankman-Fried deepfake aims to scam FTX collapse victims

A deepfake of former FTX CEO Sam Bankman-Fried aims to scam victims of the exchange’s collapse.

FTX was the third-largest cryptocurrency exchange and Bankman-Fried was seen as the face of crypto in Washington. The exchange enjoyed many celebrity endorsements and secured a 19-year, $135 million sponsorship agreement with Miami-Dade county that included the local stadium being renamed the FTX Arena.

All of that success went up in smoke when concerns around the...

22 November 2022 | Altcoins

£8.6 billion investment gap in blockchain and AI is holding back the EU

A pile of 100 Euro notes.

The European Union (EU) needs to invest €10 billion (£8.6 billion) more each year in order to stay in the global artificial intelligence and blockchain race.

This was the stark warning from the European Investment Bank (EIB) and European Commission in its latest new study on the state of play in AI and blockchain technologies in the EU - ‘Artificial intelligence, blockchain and the future of Europe: How disruptive technologies create opportunities for a green and digital...

4 June 2021 | Banking