Weak competition in AI race could hurt consumers: UK watchdog
The UK’s Competition and Markets Authority wants to prevent AI from being used to undermine consumer trust. Go to Source
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Coinbase signals EU, Canada, Brazil, Singapore and Australia as priorities
The crypto exchange’s focus on non-U.S. markets is part of a next phase in its expansion plans, said the firm. Go to Source
UK to spend $130M on AI chips amid scramble to buy up computing power
The chips will be used to set up an AI resource as a recent report said 20% of firms can’t get enough computing power for AI. Go to Source
Crypto memes can be considered financial promotions, says UK watchdog
Memes found to be non-compliant with financial promotion rules could carry up to two years in jail under a proposal from the FCA. Go to Source Powered by WPeMatico
Binance UK office one of 2,403 companies sharing ‘utility closet’ in Suffolk
Binance has drawn attention for using a small building as its registered office in the UK, but tech firms have used a similar trick for years. Go to Source Powered by WPeMatico
Ripple welcomes MiCA regulation as US lawsuit highlights lack of clarity
Ripple’s operations gear up in Europe and Asia despite an ongoing lawsuit with the U.S. Securities and Exchange Commission. Go to Source Powered by WPeMatico
UN report highlights ‘serious and urgent’ concerns about AI deepfakes
The UN wants to address AI-generated fake news and information as the organization looks to bring in voluntary guidelines for the technology. Go to Source Powered by WPeMatico
AI should be regulated like medicine and nuclear power: UK minister
A minister from the United Kingdom’s opposition party says artificial intelligence should be licensed and regulated in a similar way to the pharmaceutical and nuclear industries. Go to Source Powered by WPeMatico
Crypto Biz: Google bullish on blockchain, UK’s $125M AI pledge, Voyager and Binance
This week’s Crypto Biz explores Google expanding its Web3 program, the U.K.’s $125 AI pledge, FTX selling LedgerX and Binance.US backing out of its Voyager purchase. Go to Source Powered by WPeMatico
UK financial watchdog to crypto industry: ‘Let’s work together’
The Financial Conduct Authority wants input from crypto companies on moving forward with regulations. Go to Source Powered by WPeMatico
