Ethereum founder Vitalik Buterin’s blog post highlighting the threats he sees that artificial intelligence (AI) could pose to humanity has attracted a slew of fiery responses from AI and blockchain community members.

On Nov. 27, Buterin published a blog post titled “My techno-optimism,” which discussed how AI is “fundamentally different” from other inventions like guns, airplanes and social media. Furthermore, Buterin explained that it could develop a new form of “mind,” which could work against humans and become the new apex species.

The blog post attracted discussions on various fronts and sparked different sentiments on X (formerly Twitter). Some voiced their agreement…

Read more on Cointelegraph

Web3 investment firm Animoca Brands is set to become the largest validator of Telegram’s TON (The Open Network) blockchain and plans to deliver blockchain-based games to the messaging app’s 800 million strong user base.

An announcement shared with Cointelegraph outlined how the partnership will involve the provision of funding, research, and an analytics platform for third-party TON ecosystem applications. 

The value of Animoca’s investment was not disclosed at the time of publishing, but part of the investment is understood to have been made directly into Toncoin, which has been staked as part of the validator agreement.

Related: Animoca still bullish on blockchain games, awaits…

Read more on Cointelegraph

The introduction of Ethereum Foundation’s ERC-4337 account abstraction standard earlier this year drew much attention, but adoption and retention are off to a slow start.

Existing hardware wallets rely on a pair of keys. If those keys are compromised, so are tokens in the wallet. The ERC-4337 standard was instead intended as a new baseline for how users interact with crypto wallets services, including social recovery mechanisms and other multisig options.

The standard turns Ethereum accounts into “smart accounts,” which are much more flexible to suit the needs of wallet holders.

According to data on BundleBear:

Weekly retention for ERC-4337 smart wallets drops as low as 1% for… Read more on Blockworks

One year out from the FTX implosion, traders have better choices for decentralized exchanges that remove or limit counterparty risk. But while DEXs with centralized-like user experience have begun to gain traction, they are still not as performant as their CEX competitors. And not everyone is keen on self-custody.

Cube.Exchange set out to split the difference. The platform offers spot trading of four, differentiating itself with a user-centric approach to asset control. It takes the transparency of the blockchain, and pairs it with the convenience and performance of familiar centralized off-chain exchanges.

The exchange transitioned Tuesday from a private beta phase to a public beta….

Read more on Blockworks

Executives of banking giants JPMorgan Chase and Apollo revealed plans for a tokenized ‘enterprise mainnet’ formed during a collaboration on the Monetary Authority of Singapore’s (MAS) Project Guardian pilot project. 

On Nov. 15, the MAS introduced five additional industry pilots to Project Guardian to test various use cases around asset tokenization, which saw participation from 17 member financial institutions, including JPMorgan and Apollo. The duo collaborated to test digital assets for more seamless investment and management of discretionary portfolios and alternative assets, automated portfolio rebalancing and customization at scale.

Members of the Project Guardian. Source:… Read more on Cointelegraph

Spanish residents holding any crypto assets on non-Spanish platforms will have to declare them by March 31, 2024 under new laws governing the taxation of virtual assets. 

The Spanish Tax Agency (AEAT) has published Form 721, a tax declaration form for virtual assets abroad, first announced in the Official State Gazette on July 29, 2023.

The submission period for Form 721 declaration will commence on Jan.1, 2024, and end on the last day of March. Individual and corporate taxpayers must declare the amount of funds stored on their crypto accounts abroad as of Dec. 31.

However, only individuals with balance sheets exceeding the equivalent of 50,000 euros (around $55,000) in crypto assets are…

Read more on Cointelegraph

The explosive growth and success of Binance outside of the control of traditional financial and political establishments led to heavy-handed enforcement actions against the exchange, according to former BitMEX CEO Arthur Hayes. 

Hayes delved into the recent $4.3 billion settlement paid out by Binance in a lengthy Substack blog. This comes after the exchange and its founder, Changpeng “CZ” Zhao, admitted to violating United States laws around money laundering and terror financing.

As Hayes highlights, CZ’s global exchange became the largest by trading volume in the six years since its inception in 2017. The former BitMEX CEO points out that Binance would also be rated in the top 10…

Read more on Cointelegraph

Crypto investment platforms eToro and M2 received various degrees of approval from Abu Dhabi Financial Markets Authority (ADGM) to offer their services in the United Arab Emirates.

eToro received approval for a Financial Services Permission (FSP) that allows a provider to operate as a broker for securities, derivatives, and crypto assets. Cryptocurrency exchange M2, on the other hand, got recognition as a fully regulated Multilateral Trading Facility (MTF) and custodian that can on-board UAE residents and institutional clients.

According to Yoni Assia, Founder and CEO of eToro, the new UAE licensing is “a key milestone in our continued global expansion.” In September, eToro received a…

Read more on Cointelegraph

Bitcoin (BTC) may cruise to nearly $50,000 as the United States okays the first spot price exchange-traded fund (ETF).

As flagged by popular analyst CryptoCon, the Ichimoku Cloud indicator is counting down to upside BTC price continuation.

Analysis: $43,000 BTC price is “most conservative level”

Bitcoin is in a rare position on weekly timeframes when it comes to Ichimoku Cloud signals.

As Cointelegraph reported, the indicator, which combines past, present and future trading cues, suggests that the BTC price gains have only just begun.

In a post on X (formerly Twitter) on Nov. 27, CryptoCon was able to deliver a specific target for what could happen next.

Ichimoku’s leading spans have…

Read more on Cointelegraph