Features TheBitTimes.com

Sept. 20~21 2023, Dubai HQmena – The 2023 Dubai Crypto Expo was held where 38 countries and over 200 global projects participated.   Among the participants of the event, Khanaires made a new appearance in the market. Khanaires is a South Korean company that specializes in securitizing tangible/intangible assets. Their new registration in Dubai was announced at the Dubai Blockchain Expo 2023 , and they introduced a new concept called ‘ Prosumeller ’ which is a new economic theory which is the basis of their new product called NFW and their new market of SEMI-DEFI. We are more familiar with the word NFT. But what is NFW? NFT stands for Non-Fungible Token, and it means that something is unique and cannot be replaced by a certain price or value. Every NFT contains a digital signature which makes it unique. NFW (Non-Fungible Warrant) is actually the same, except it focuses on another function that all NFTs also have but are never used; warrant. NFW is buying and selling intellectual ...

The civil lawsuit against the Ripple executives had been ongoing since December 2020   Lawyers representing the United States Securities and Exchange Commission announced they will seek to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen. In an Oct. 19 filing in U.S. District Court for the Southern District of New York, the SEC notified the court the parties involved in its case against Ripple “have stipulated to the dismiss al with prejudice”, suggesting there was no need to schedule an upcoming trial. The filing did not state that the SEC was dropping its civil case against Ripple itself, first filed in 2020. “The SEC and Ripple intend to meet and confer on a potential briefing schedule with respect to the pending issue in the case—what remedies are proper against Ripple for its Section 5 violations with respect to its Institutional Sales of XRP—and respectfully request until November 9, 2023 to propose such schedule to the Court or, i...

In the realm of content creation, there are three pivotal elements to consider: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, burstiness assesses the diversity of sentence structures, and predictability measures the likelihood of anticipating the subsequent sentence. Humans tend to infuse their writing with greater burstiness, incorporating both longer, intricate sentences and shorter, more straightforward ones. In contrast, AI-generated sentences often exhibit a uniformity in structure. Therefore, for the content you are about to embark upon, it’s imperative to infuse it with a healthy dose of perplexity and burstiness while maintaining a low level of predictability. Furthermore, the medium of expression must remain English. Let us now reimagine the following passage: A collaborative effort involving Atomic Wallet, forensic experts, and centralized cryptocurrency exchanges has led to the freezin...

The Central Bank of Nigeria has issued an official statement in response to reports circulating on various media platforms. These reports suggested that the eNaira, Nigeria’s pioneering central bank digital currency (CBDC), posed a potential threat to the nation’s financial stability . The statement, dated October 9, comes as a direct response to these media claims. It underscores the Central Bank of Nigeria’s unequivocal stance that the eNaira project is in no way a peril to the country’s financial stability. A particular news piece, published in Nigeria’s daily newspaper, “Punch,” references the Central Bank’s recently published report, titled “Economics of Digital Currencies: A Book of Readings.” The report from the Central Bank of Nigeria’s experts emphasizes the gradual ascent of eNaira adoption. They note that it presently accounts for a mere 0.2% share when compared to the liquidity of Nigerian banks. It’s...

In the European Union, negotiators are currently exploring the possibility of imposing additional restrictions on sizable AI models , including OpenAI’s ChatGPT-4, as part of the forthcoming AI Act. According to a report from Bloomberg, representatives within the European Union are engaged in discussions concerning the potential impact of large language models (LLMs), which encompass Meta’s Llama 2 and OpenAI’s ChatGPT-4. They are deliberating the prospect of introducing further regulatory measures as an integral facet of the impending AI Act. Sources familiar with the matter, as reported by Bloomberg, convey that the overarching objective is not to overwhelm nascent startups with an excess of regulations while maintaining oversight over larger models. It is worth noting that the consensus reached by negotiators on this issue is still in its nascent stages. The AI Act, coupled with the proposed regulations for LLMs, represents a similar approach to the European Unio...

The director of the U.S. Consumer Financial Protection Bureau is contemplating the issuance of guidelines regarding the applicability of crypto assets to the Electronic Fund Transfer Act (EFTA). The principal U.S. agency responsible for safeguarding consumer financial interests is exploring the utilization of the EFTA as a safeguard against fraudulent cryptocurrency transactions. Speaking at a payments conference hosted by the Brookings Institution think tank on October 6th, Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB), disclosed that his agency is actively exploring the potential extension of the EFTA’s coverage to encompass “private digital currencies and other virtual tokens.” Chopra emphasized that the CFPB’s aim is to mitigate the adverse effects of errors, cyberattacks, and unauthorized transfers within the crypto sphere. To achieve this, the bureau is considering providing comprehensive guidance to industry participants, a...

Kommunitas Upcoming Priority Project IKO — AiMalls Greetings, KOMmunity! Get ready for some exciting news! We’re thrilled to announce our upcoming Kommunitas Priority Project IKO. If you’re new to this, no problem — simply click this link to get acquainted with the specifics of our Priority Project IKO. Up next, brace yourselves for our captivating project, AiMalls! Stay tuned for what promises to be an incredible journey! What is AiMalls? AiMalls is a cutting-edge global marketplace powered by Artificial Intelligence (AI) and fueled by the AIT utility token. It aims to provide a seamless shopping experience by offering AI-driven Features like personalized product recommendations, enhanced search functionality, 24/7 customer service, competitive pricing, and affiliate programs. AiMalls strives to break down barriers between e-commerce and consumers, catering to both Web3 and Web2 users, while continuously adapting to different consumer preferences and cultures in the rap...

In a sweeping survey orchestrated by the cryptocurrency exchange Bitget, spanning across 20 nations, an eclectic ensemble of more than 1,500 respondents lent their voices to the discourse. A staggering 50% of crypto enthusiasts, spanning the globe, are channeling their invest ments into the digital frontier with the lofty aspiration of ameliorating their quotidian standards of living . In a recent revelation from the hallowed halls of Bitget, unveiled on October 5th, a fascinating mosaic of financial aspirations came to light. An astounding 46%, 44%, and 41% of survey participants hailing from the vibrant landscapes of South Korea, Canada, and Turkey, respectively, ardently articulated their fervent desire to elevate their living standards through digital asset invest ments. Meanwhile, across the seas in Malaysia and Taiwan, a noteworthy 36% of respondents prioritized the enhancement of their family’s quality of life above all else. A captivating revelation emerged as 27% of ...

Ripple proudly announced its attainment of a comprehensive digital payment tokens license granted by the Monetary Authority of Singapore. This milestone signifies Ripple’s achievement of a fully-fledged license , endorsing its position as a major payment s institution sanctioned by Singapore’s central bank. This authorization paves the way for Ripple to continue its operations in the country, following the in-principle approval it received back in June. In an official statement dated October 4th, the company conveyed that its local entity, Ripple Markets APAC Pte Ltd, had been granted the full license by the esteemed Monetary Authority of Singapore (MAS). Ripple’s CEO, Brad Garlinghouse, remarked in the statement, “Singapore has evolved into a prominent fintech and digital asset hub, successfully balancing innovation, safeguarding consumer interests, and nurturing responsible growth.” Garlinghouse further highlighted that Singapore has been the nucleus...

Amidst a courtroom setting, Assistant U.S. Attorney Danielle Kudla unveiled a striking revelation: the Department of Justice’s estimation places the potential duration of this legal saga at an intriguing four to five weeks. A suspenseful legal odyssey awaits former FTX CEO Sam “SBF” Bankman-Fried, spanning a duration of at least 21 days within the hallowed halls of justice. This gripping narrative unfolds its first chapter on October 4, embarking on an epic journey that shall persist until November 9, as meticulously detailed in a freshly unveiled trial calendar, now accessible to the public eye. As the burgeoning trial calendar unfurls on September 28, the anticipation intensifies, commencing with the riveting spectacle of jury selection on October 3. The grand premiere of the Bankman-Fried trial , a pivotal moment of reckoning, is slated for October 4, marked by a profound exploration of seven formidable fraud charges laid bare before an eager audience. Within thi...