28-08-2024

Author

Fernando Fierro
August 28, 2024

Howdy folks,

🚀📜 California's AI bill, SB 1047, has received notable backing from Elon Musk and Vitalik Buterin at a critical juncture. This bill aims to set safety standards for AI models requiring significant training resources and would need developers to implement risk mitigation measures, including annual audits and incident reporting.

Despite strong opposition from tech giants like Google and Meta, the bill's potential passage could significantly impact AI regulations nationwide.

In other news:

🚀💼 Bitcoin ETFs have been on an impressive winning streak, with BlackRock leading the charge. Investors pumped a record $224 million into BlackRock's ETF, showcasing renewed confidence in Bitcoin-backed assets and helping drive BTC's price to a 24-day high of $65,000.

However, Ethereum ETFs aren't faring as well, locked in an eight-day trend of outflows amid crypto market shifts.

🌟📈 Former President Donald Trump has launched a new NFT collection titled "The America First Collection," offering enticing rewards like dinners with him and exclusive memorabilia. Trump announced this fourth series after previous collections sold out rapidly, highlighting the strong demand.

Buyers of multiple digital trading cards can enjoy VIP experiences, including meeting Trump himself and owning pieces of his worn suit.

⚠️📉 WazirX revealed it cannot meet its liabilities and will file for restructuring following a devastating $235 million hack. The exchange’s mishandling of the incident has sparked fears of a Terra Luna-style contagion event rippling through the crypto ecosystem.

Users face uncertain futures regarding their funds, as the Singapore High Court will address crypto withdrawals amid ongoing disputes and investigations.

DailyCoin Daily Meme

Game Over for Telegram? Dotcom Warns of Deep State Coup

Kim Dotcom warns that Durov’s arrest could spell trouble for Telegram, suggesting the team might face tough decisions ahead.

Binance Pleads for Gambaryan’s Release Yet Again to US Gov

Binance CEO once again pleads for the release of Tigran Gambaryan, who has been in detention for six months.

What’s Behind MakerDAO’s Rebrand to Sky? Unveiling the ‘Endgame Plan’

MakerDAO’s rebrand to Sky is the first phase of the ‘Endgame Plan’, aimed at completely overhauling its governance.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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