Author: Lara

OpenAI is currently under investigation by Poland’s Personal Data Protection Office (UODO) in response to a complaint filed against ChatGPT. The complaint, whose source remains confidential, alleges that OpenAI has handled data in a manner deemed “unlawful and unreliable,” raising transparency concerns about data collection and processing. Jan Nowak, the President of the Data Protection Office, pointed out that this isn’t the first time that ChatGPT’s compliance with European data protection and privacy principles has come into question. Specifically, the complaint highlights allegations that ChatGPT generated false information about the complainant, and OpenAI did not adequately address their requests related…

Hong Kong, Hong Kong, September 20th, 2023, ChainwireOKX, a leading crypto exchange and Web3 technology company, today announced that it has successfully completed the Service Organization Control (SOC) 2 Type II audit, demonstrating that the company’s processes for governing its services, managing sensitive data and protecting data privacy meet the highest global standards.The internationally recognized SOC 2 Type II report, a framework developed by the American Institute of Certified Public Accountants, is one of the most comprehensive audits in the market. The report, completed by an independent external auditor, reviews a company’s policies, procedures and controls over an extended period…

The United Kingdom’s Competition and Markets Authority (CMA) has raised concerns about the evolving landscape of the artificial intelligence (AI) industry. In a report released on September 18, the CMA conducted a focused examination of AI Foundation Models, shedding light on the potential emergence of a limited number of dominant firms in the AI sector, which could pose risks to consumers. The CMA stressed that AI has the capacity to usher in significant transformations in people’s daily lives and work environments, and these transformations might occur swiftly, affecting both competition dynamics and consumer experiences. In the short term, if competition…

SINGAPORE, SINGAPORE, September 14th, 2023, ChainwireMcLaren Racing and OKX, a leading Web3 technology company and Official Primary Partner of the McLaren Formula 1 Team, today revealed a limited-edition Stealth Mode livery design to be carried on the McLaren MCL60 F1 cars at the 2023 Singapore Grand Prix (15-17 September) and the 2023 Japanese Grand Prix (22-24 September).The Stealth Mode livery was co-designed by OKX and McLaren, and will switch McLaren’s livery colourway, augmenting black against the team’s classic papaya trim. The sleek and understated design represents the two brands’ belief in putting in hard work behind the scenes to strive…

Immutable’s popular Web3 game, Gods Unchained, has introduced an innovative tournament mode known as “Sealed Mode,” allowing players to craft decks from a selection of semi-random cards at the outset of a competition. This novel format aims to level the playing field, enabling highly skilled gamers to thrive, regardless of the size or cost of their card collections. The announcement of this fresh gameplay format was made through a blog post on September 13. “Sealed deck” tournaments are a staple in traditional collectible trading card games like Magic: The Gathering but remain relatively uncommon in the digital trading card game…

In a highly anticipated launch, Banana Gun’s native token, BANANA, experienced a catastrophic fall of over 99% within just three hours due to a critical bug discovered in its contract. The excitement surrounding the Telegram bot’s token turned sour as the price plummeted from an initial peak of $8.70 to a mere $0.02. Some members of the crypto community were quick to label it a “rug pull,” implying that it was a deliberate act of deception. However, Banana Gun’s official account, X, attributed the collapse to an unforeseen bug in the token’s contract, which slipped through even after undergoing two…

Global pop sensation Justin Bieber is breaking new ground by transforming one of his 2015 hit songs, “Company,” into a nonfungible token (NFT), offering fans a unique opportunity to invest in the song and earn royalties from future streams. In a groundbreaking collaboration between blockchain-focused music technology platform anotherblock and the co-producer of the track, Andreas Schuller, known as Axident, “Company” will be released as an NFT on September 7, with a limited supply of just 2,000 tokens. While Axident will retain the rights to the song, NFT owners will have the chance to claim a 1% royalty share from…

In a remarkable turn of events, Worldcoin’s iris-scanning project witnessed an extraordinary surge in Argentina, with an astounding average of one user registering every nine seconds. The ambitious Human ID project, known as Worldcoin, achieved a groundbreaking milestone by enrolling over 9,500 users in Argentina in a single day during the month of August. This remarkable achievement set a new record for single-day sign-ups and showcased the nation’s rapid adoption of this cutting-edge technology. To accomplish this remarkable feat, facilitators diligently onboarded participants at an astonishing rate, taking less than nine seconds per person, as revealed in an announcement made…

South Korea’s tech powerhouse, Naver Corp, has just unveiled its latest marvel in the realm of artificial intelligence: CLOVA X, a Korean language chatbot designed to rival OpenAI’s ChatGPT. This innovative generative AI chatbot, tailored for Korean-language users, marks Naver’s ambitious entry into the AI conversation. Driving CLOVA X’s capabilities is Naver’s flagship AI model, HyperCLOVA X. Constructed through the fusion of supercomputing and robust data analysis, HyperCLOVA X serves as the beating heart behind various AI services offered by Naver, including the much-anticipated CLOVA X chatbot. CLOVA X stands as a Korean counterpart to ChatGPT, harnessing Naver’s deep-rooted expertise…

Friend.tech, a social tokenization protocol that allows X (formerly Twitter) personalities to issue shares for access to exclusive group chats, has rapidly become a major revenue generator in the crypto space. In just over two weeks, it has climbed to become the second-largest revenue generator among crypto protocols. Over the past 24 hours, Friend.tech has generated over $1.04 million in fees, equivalent to 5% of the transaction value, resulting in $709,000 worth of ether in revenue after accounting for gas fees and other costs. This places it right behind Ethereum, which generated $3.33 million in fees, and staking service Lido,…

In a significant legal ruling, United States District Judge Beryl Howell has reaffirmed the stance of the U.S. Copyright Office that artworks generated solely by artificial intelligence (AI) do not qualify for copyright protection. This decision comes at a time when concerns are mounting regarding the potential for generative AI to replace human artists and writers, particularly with the Hollywood writer’s strike having lasted for over 100 days . Despite these concerns, intellectual property regulations have consistently maintained that copyrights are reserved exclusively for creations originating from human creators. Judge Howell’s ruling stemmed from a legal dispute brought by Stephen…

Google has ushered in a new era for its search engine, announcing a suite of cutting-edge enhancements on August 15, all meticulously powered by advanced generative artificial intelligence (AI). According to Google, these upgrades are poised to revolutionize the way we discover and comprehend information online. At the core of this transformative update lies the expansion of Google’s Search Generative Experience (SGE), initially introduced in beta form earlier in 2023. SGE is designed to empower users by offering AI-driven contextual summaries and suggestions, with the ultimate aim of enhancing search results. Generative AI, a star player in this ensemble, specializes…

A team hailing from San Diego State University has unveiled a startling revelation: Nearly a million dollars have been surreptitiously siphoned from unsuspecting victims through Twitter’s Lists feature, now known as X. These intrepid researchers from California have harnessed the power of artificial intelligence, birthing an ingenious creation aptly named Giveaway ScamHunter. This automated sentinel was meticulously designed to ferret out, trail, and unmask the nefarious schemes that have plagued X (formerly Twitter) – the free cryptocurrency giveaway scams. In their relentless pursuit of these digital charlatans, Giveaway Scam Hunter embarked on a mission between June 2022 and June 2023,…

Singapore, Singapore, August 2nd, 2023, ChainwireAdditional account abstraction capabilities, including a social recovery feature, will be rolled out at a later dateOKX, a leading Web3 technology company, today announced the launch of a new account abstraction-powered Smart Account feature on its OKX Wallet, enabling users to pay for transactions on multiple blockchains using USDC or USDT.OKX Wallet will soon launch additional account-abstraction powered features, including social recovery functionality. This will enable users to select trusted “guardians” from their social network to help them recover their Smart Account if they lose their keys.OKX Wallet is one of the first wallets in…

HONG KONG, HONG KONG, July 26th, 2023, ChainwireOKX, a leading crypto exchange by trading volume and Web3 technology company, has published its industry-best ninth consecutive monthly Proof of Reserves (PoR), showing a balance of USD$11.3 billion in BTC, ETH and USDT.OKX’s PoR covers 22 commonly used digital assets and demonstrates that OKX has maintained a reserve ratio exceeding 100% for nine consecutive months across all those assets. In addition to BTC, ETH and USDT, the assets included in OKX’s PoR are: USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX and…

Dubai, UAE, July 6th, 2023, ChainwireOKX’s Signal Trading is a trading bot and marketplace that bridges the gap between signal providers and tradersSignal Trading will be integrated with TradingView, enabling signal providers and traders to create signals directly on the leading charting platformA pre-launch waitlist is available now for signal providers and institutionsOKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, has announced the upcoming launch of Signal Trading, a marketplace where users can access automated trading strategies based on technical analysis, or ‘signals,’ which indicate whether to buy or sell crypto.The marketplace, set…

Frankfurt, Germany, July 3rd, 2023, ChainwireThe team behind Alex The Doge (ALEX), the memecoin powering the GameFi ecosystem of the same name, are hoping the token can emulate BCH upon launch. Currently in its presale phase, hopes are high that ALEX will hit the market with a bang, making the sort of headline-grabbing moves that Bitcoin Cash (BCH) has recorded lately.The recent surge in price of Bitcoin Cash (BCH) has caught the attention of the cryptocurrency community. The Proof of Work cryptocurrency is up 160% over the past month. At the same time, interest in another digital asset that has…

Manchester, UK, June 30th, 2023, ChainwireManchester City and OKX, one of the leading crypto exchanges by trading volume and a leading Web3 technology company, today announced OKX as the Club’s Official Sleeve Partner in a new multi-year agreement.As part of the expanded deal, the OKX brand will feature on the left sleeve of both the men’s and women’s first team playing kits and will retain its position on the left sleeve of the first team training kits, in addition to appearing across further digital and physical club assets.OKX’s partnership with Manchester City began in March 2022, first expanding in July…

Dubai, UAE, June 27th, 2023, ChainwireOKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today launched its new ‘Nitro Spreads’ feature on its institutional Liquid Marketplace, an OTC, futures spreads and options liquidity network, allowing traders to make complex basis trades with simple one-click execution.Basis trading is a strategy built around trading the difference between an asset’s price on two separate markets, such as spot vs. futures, and can generate returns when executed properly. It typically requires both legs of the trade to be managed simultaneously, which can be cumbersome. OKX’s Nitro Spreads automates this…

Koinpr – Georgia, 25 June, 2023 In the rapidly evolving world of blockchain technology, the quest for efficient, cost-effective, and simplified blockchain development processes is ceaseless. Amid this, CryptoDo emerges as a game-changing solution, redefining the traditional parad CryptoDo is an AI-powered, no-code web3 solution builder that is designed to solve the complex challenges of high costs, technical complexities, and lengthy blockchain development processes. This innovative platform enables businesses to build decentralized applications (DApps) on multiple chains, effectively democratizing the blockchain technology. “By integrating advanced AI technology with a modular no-code approach, CryptoDo provides an unprecedented platform for anyone, even…

Dubai, United Arab Emirates, June 15th, 2023, ChainwireUAE to serve as strategic global and regional business hub, OKX to expand to 30 staffOKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that OKX Middle East Fintech FZE (OKX Middle East) has received a Minimal Viable Product (MVP) Preparatory license from the Dubai Virtual Assets Regulatory Authority (VARA).The UAE is a key strategic growth and business hub for OKX globally and in the region, and the company plans to scale OKX Middle East’s operations. As part of this effort, OKX has opened a new…

New York City, New York, June 15th, 2023, ChainwirePanelists included OKX Chief Marketing Officer Haider Rafique, McLaren Racing Chief Executive Officer Zak Brown, McLaren F1 Driver Lando Norris and director, producer and screenwriter Stephen KayFrom left to right: Director, producer, and screenwriter Stephen Kay; McLaren Racing CEO Zak Brown; Emmy-nominated filmmaker and Webby Awards Founder Tiffany Shlain; OKX CMO Haider Rafique; and McLaren F1 Driver Lando Norris discuss the power of technology in sports, film and cryptoOKX, a leading Web3 technology company, yesterday hosted a panel discussion with McLaren Racing at the Tribeca Festival titled, “Need for Speed: How Technology…

Podgorica, Montenegro, June 9th, 2023, ChainwireAt EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and blue-chip DeFi tokens as collateral. The protocol maintains a minimum collateralization ratio of 110%, striking a balance between decentralization, capital efficiency, and price stability.In the fast-paced world of blockchain and cryptocurrencies, the demand for fully decentralized stablecoins is growing. The challenge has been to simultaneously achieve capital efficiency,…

ST HELLIER, Jersey, June 6th, 2023, ChainwireOKX, the world’s second-largest cryptocurrency exchange by trading volume and a leading Web3 technology company, and regulated digital asset custody service provider Komainu, today announced that OKX has joined collateral management platform Komainu Connect, enabling institutional customers to conduct secure 24/7 trading of segregated assets under custody through the OKX platform.Launched in April of 2023, Komainu Connect reduces client counterparty risk by removing the need to store collateral with trading counterparties, and offering the ability to keep assets in safe custody instead. Nicolas Bertrand, CEO at Komainu, said: “This strategic partnership marks a milestone in…

SAN FRANCISCO, UNITED STATES, June 1st, 2023, ChainwireWith BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assetsOKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin in order to earn BRC-30 tokens. The protocol is open-source and available for all developers to build upon.OKX Wallet will add support for the BRC-30 standard according to the protocol, enabling users to earn passive income by staking BRC-20 tokens or Bitcoin on Web3 Earn without actively trading.…

In October 2021, the American actor Matt Damon appeared in a crypto.com advertisement. This ad created a ruffle in the industry for good and bad reasons. The promo, produced in a future scenario, encourages consumers to take their chances and join the bitcoin bandwagon utilising the platform’s services. Damon reminds viewers in the ad that “fortune favours the brave,” equating crypto investors to arctic explorers, the Wright brothers, and astronauts. Damon has now revealed why he starred in the commercial. Damon felt slightly embarrassed as he revealed his rationale for appearing in the ad to the Associated Press on March…

Recent report from Bank of America (BAC) stated that the Near protocol is one of a new wave of blockchains that are employing creative strategies to improve the “tradeoff between scalability, decentralisation, and security.” The report reflected that developers will likely be interested in blockchains like Near that expand functionality and reward development in the near future. The analysts from the bank reflected that, “Over the longer term, we expect blockchains that prioritise usability and effectively market themselves to gain market share by attracting a robust and diverse ecosystem of applications that drives adoption, network effects and cash flows.” The…

Silvergate, a bank known for its cryptocurrency-friendly policies, has announced that it will cease operations due to recent legislative and business changes. The holding company for Silvergate Bank, Silvergate Capital Corporation, issued a press statement on Wednesday stating that an orderly wind-down of the Bank activities and a voluntary liquidation of the Bank is the safest course of action. The bank will completely refund all deposits as part of its wind-down and liquidation process. As per the statement, the bank is considering the best ways to settle lawsuits and protect the remaining value of its assets, particularly its in-house technology…

The Chinese government’s proposal for a central bank digital currency (CBDC), also known as the “digital yuan” or “e-CNY,” has not generated much interest among Hong Kong residents. Only 625 individuals in Hong Kong acquired the digital yuan hard wallets in the first four days after they became available. The machines were set up in Shenzhen, the first place in China to offer physical wallets for digital yuan. These machines were configured to serve Hong Kong residents exclusively due to the city’s special status as a gateway from Hong Kong to mainland China.The initiative’s goal was to distribute 50,000 hard…

New York, United States, 6th October, 2022, ChainwireCozies, an immersive community-driven movement promoting a “Cozy” culture of living, has announced its first-ever Cozies NFT release is minting for October 10th at 10 am EST on its Cozies.io website. Inspired by lo-fi anime aesthetics, sci-fi, and streetwear culture, the Cozies collection is made up of ERC721A 10,000 NFTs, each intentionally crafted to reflect a Cozy futuristic reality.  As a Web3-native well-being brand, Cozies is aiming to empower and encourage NFT owners to expand on their character’s stories after they go on a journey of self-exploration. To achieve this, the team is…