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US Senator Cynthia Lummis does not support President Biden’s plan to impose a 30 percent tax on cryptocurrency miners. Lummis, who is a Republican from Wyoming and a fan of cryptocurrencies, expressed her opposition during the Bitcoin 2023 Conference in Miami. She highlighted the environmental advantages of mining cryptocurrencies, such as reducing gas emissions and providing grid stability. What’s the tax? In March, the Biden Administration included a proposal called the Digital Asset Mining Energy excise tax (DAME) in its budget for fiscal year 2024. This proposal suggests that companies involved in cryptocurrency mining would have to pay a…

After the controversial update that happened yesterday, other companies are taking advantage of Ledger’s very bad day by trying to attract its disappointed customers with lower prices on their own products. In a quick and clever marketing move, four of Ledger’s main competitors swiftly responded to the community’s negative reaction to the update and reduced the prices of their offerings. Blockstream is now offering a 10% discount on its main wallet called Jade, Trezor is offering a 15% discount, Cold Card is promoting a 15% discount, and BitBox has lowered the prices of their wallets by 10%. These companies are…

The organization behind the most popular stablecoin, Tether USDT $1.00 , in order to manage its reserves, is imitating MicroStrategy. The stablecoin issuer intends to use Bitcoin to bolster its reserves. BTC $27,130  should steer clear of government debt issued by the United States. Tether said in a statement on May 17 that it intends to monthly put some of its profits into Bitcoin. It was announced by the company that it will “regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin.” The statement follows the firm’s quarterly financial report, in which the stablecoin issuer…

Bitcoin peer-to-peer (P2P) exchange  After being taken down for more than a month, Paxful has resumed operations, the company announced in a blog post. After being offline for a month, the company announced, “We’re thrilled to announce that the Paxful marketplace is back online.”  In order to safeguard all of our clients and the future of Paxful, we had to make the tough choice to temporarily halt the marketplace in early April. As a result of a lawsuit filed by co-founder Artur Schaback, who sued Youssef and the company for, among other things, unfair termination, Paxful shut down in April. CEO Ray Youssef raised concerns about the security of customer assets as a result. Bitcoin peer-to-peer exchange  After being taken down for more than a month, Paxful has resumed operations, the company announced in a blog post. After being offline for a month, the company announced, “We’re thrilled to announce that the Paxful marketplace is back online.”  In order to safeguard all of our clients and the future of Paxful, we had to make the tough choice to temporarily halt the marketplace in early April. As a result of a lawsuit filed by co-founder Artur Schaback, who sued Youssef and the company for, among other things, unfair termination, Paxful shut down in April. CEO Ray Youssef raised concerns about the security of customer assets as a result. An example of adversity Alternative term

According to a recent Reuters/Ipsos poll, 61% of Americans view artificial intelligence (AI) as a threat to humanity, while 22% do not see it as a threat and 17% are unsure. Since the release of OpenAI’s ChatGPT in November, there has been intense competition among companies like OpenAI, Google, and Microsoft to make generative AI accessible to the public. Despite AI doomsday scenarios portrayed in movies like Skynet and the T-800, it is important to note that they are fictional. However, billionaire investor Warren Buffett has drawn a parallel between the AI arms race and the development of the atomic…

A recent poll conducted by Reuters/Ipsos revealed that 61% of Americans consider artificial intelligence (AI) as a potential threat to humanity. On the other hand, 22% of respondents did not view it as a threat, while 17% were uncertain about it. Following the release of OpenAI’s ChatGPT in November, there has been a rapid race among companies like OpenAI, Google, and Microsoft to bring generative AI to the public and establish dominance in the market. Despite the fact that fictional depictions of AI, such as Skynet and the T-800, are not real, billionaire investor Warren Buffett drew a parallel between…

The battle between crypto exchange Coinbase and the U.S. Securities and Exchange Commission (SEC) rages on, with recent developments intensifying the conflict. In its latest move, the SEC has sought a court order to dismiss Coinbase’s plea for the agency to clarify its stance on crypto regulations. This ongoing dispute has garnered significant attention within the cryptocurrency industry. Coinbase, in a public statement on April 27, expressed its grievances against the American financial watchdog while revealing its initiation of legal proceedings. The primary point of contention revolves around the SEC’s lack of response to a petition filed by Coinbase in…

With artificial intelligence (AI) often generating fictitious and offensive content, Anthropic, a company helmed by former OpenAI researchers, is charting a different course—developing an AI capable of knowing what’s good and evil with minimum human intervention. Anthropic’s chatbot Claude is designed with a unique “constitution,” a set of rules inspired by the Universal Declaration of Human Rights, crafted to ensure ethical behavior alongside robust functionality, along with other “ethical” norms like Apple’s rules for app developers. The concept of a “constitution,” however, may be more metaphorical than literal. Jared Kaplan, an ex-OpenAI consultant and one of Anthropic’s founders, told Wired that Claude’s constitution could…

Recovered Stolen Bitcoin Miners and Apprehended Suspect: A Major Breakthrough in Paraguayan Theft Case The Paraguayan Theft and Subsequent Investigation In April, a theft occurred in the Paraguayan province of Alto Paraná, which involved the burglary of 492 BTC miners from a farm. The manager of the farm was overpowered by the assailants, resulting in the successful execution of the crime. The incident sent shockwaves through the local community, leaving the authorities determined to bring the perpetrators to justice. He Successful Raid by DAS The Dirección Anti-Delitos Informáticos (DAS), the Paraguayan law enforcement agency specializing in cybercrime, initiated an extensive…

Fuelled by hype and hysteria, memecoins went from an obscure and bizarre niche to a massive gambling vehicle that made people millionaires overnight. PEPE is the latest sensation that captured the imagination of some of the most insatiable degens in the space. This particular frog-themed coin continued to ascend to dizzying heights as FOMO engulfed the market. But the latter is a scammer’s best friend. Memecoin Craze Crypto Twitter shares stories of overnight millionaires from early PEPE investors, but it also led to the emergence of scam tokens. Security firm PeckShield identified 10 memecoin scams, while scammers target PEPE investors…