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GeneralBeginnerNigerian cryptocurrency enthusiasts are divided over the government’s request for Binance, a major cryptocurrency exchange, to disclose information about its top 100 users in the country. This move comes amid a broader crackdown on crypto activity by Nigerian authorities. Supporters of disclosure…
#crypto#government#law
GeneralBeginnerBinance’s decision to halt all Nigerian naira (NGN) transactions on its platform. This move comes after months of increasing tension between the exchange and Nigerian authorities. The Central Bank of Nigeria (CBN) has expressed suspicion about crypto exchanges operating within the country, citing…
#binance#crypto#government
GeneralBeginnerCryptocurrency exchange Binance has removed the Nigerian naira (NGN) from its peer-to-peer (P2P) platform, sparking concerns and speculation. This move comes amidst heightened scrutiny from Nigerian authorities who have accused the platform of contributing to the devaluation of the naira and…
#binance#crypto#government
GeneralBeginnerAccording to Paul Chan, Hong Kong’s financial secretary, the government of Hong Kong has chosen to provide $3 billion Hong Kong dollars ($383 million) to its Cyberport business park as part of a three-year artificial intelligence (AI) subsidy program. At the budget announcement for 2024 on…
#ai#government#hong-kong
GeneralBeginnerUS Justice Department names its first artificial intelligence officer to handle technological issues; Due to racial errors. Google suspends AI-generated person photographs; Researchers at ITMO are using AI to speed up the manufacturing of carbon nanoparticles for cancer diagnostics. We cover this…
#ai#google#government
GeneralBeginnerBayo Onanuga, Nigeria’s presidential adviser, accused Nigerians of being unpatriotic when they traded on the Binance platform. An adviser to Nigeria’s president has proposed a ban on Binance, KuCoin, and other trading platforms in the country. Bayo Onanuga, President Bola Tinubu’s communication…
#binance#crypto#government
GeneralBeginnerBinance has limited the selling price of Tether USDT$1.00 tokens on its peer-to-peer (P2P) network to comply with Nigerian regulations. Traders on Binance cannot presently sell USDT for more than 1,802 naira per USDT. The cryptocurrency exchange told its Nigerian users that it is dedicated to…
#binance#crypto#government
BitcoinBeginnerThe Nigerian government is facing renewed calls to regulate the cryptocurrency market, primarily to combat financial crimes like money laundering. This push comes from various stakeholders, including Adedeji Owonibi, co-founder of Nigerian blockchain intelligence service provider A&D Forensics.…
#crypto#government
GeneralBeginnerThe US Treasury Secretary, Janet Yellen, recently made a strong push for regulators to establish a comprehensive framework for stablecoins, a type of cryptocurrency pegged to traditional assets like the US dollar. This call to action comes amid growing concerns about the potential risks posed by…
#crypto#government#united-states
GeneralBeginnerThe UK government unveiled an ambitious plan to invest over £100 million (roughly $115 million) in “responsible” Artificial Intelligence (AI) research and development. This initiative, aimed at solidifying the UK’s position as a global leader in ethical and trustworthy AI, emphasizes…
#ai#government#uk
GeneralBeginnerThe UK government is facing criticism for taking a “narrow” view of Artificial General Intelligence (AGI) and Large Language Models (LLMs), with experts warning it could miss out on the potential economic and societal benefits of these rapidly evolving technologies. A report released by the House…
#ai#government#llm
