As artificial intelligence (AI) continues to be pervasive in global industries, the music industry has been receptive to its transformative capabilities while remaining cautious about the risks to artists.
In a recent survey released by the private music studio house Pirate, 53% of respondents said they had “concerns about how their audience might perceive music created with the assistance of AI.”
The survey reached 1,141 of its artists across the United Kingdom, United States and Germany – including band members, singer-songwriters, producers, instrumentalists, and rappers.
It also revealed artists’ hesitancy to employ AI in the studio with only 25% saying they have experience…
ProShares, a major issuer of exchange-traded funds (ETF), has officially announced the launch of the short Ether-linked ETF.
Incepted on Nov. 2, ProShares’s new Short Ether Strategy ETF is set to start trading on the New York Stock Exchange’s (NYSE) Arca under the ticker symbol SETH. The new crypto ETF is designed to provide investors with an opportunity to profit from the volatility of the Ether price.
Similarly to other ProShares crypto-linked ETFs, SETH seeks to obtain exposure through Ether futures contracts, the announcement notes.
According to ProShares CEO Michael Sapir, SETH aims to address the challenge of acquiring short exposure to ETH, “which can be onerous and…
MicroStrategy, the software firm led by prominent Bitcoin evangelist Michael Saylor, is once again demonstrating the potential of Bitcoin as a store of value.
With a strategic approach to accumulating the Bitcoin through the entirety of the most recent bear market, the company is now sitting on a nearly $1 billion gain.
MicroStrategy’s journey into Bitcoin began in August 2020 when it first announced its entry into the world of digital assets. The company’s initial investment, at a cost basis of $4.68 billion, has now soared in value to $5.62 billion, representing a $932 million profit, according to data from BitcoinTreasuries.
This increase in MicroStrategy’s Bitcoin holdings has only…
The Wall Street Journal (WSJ), a prominent American newspaper with a long-standing history dating back to 1889, recently published an article that ignited widespread controversy. The Wall Street Journal bias in that report fueled anti-Bitcoin sentiment in the United States.
The Wall Street Journal Bias
On October 10, the WSJ claimed in an article that Hamas, an alleged terrorist organization, and other similar groups secured significant funding via blockchain-based rails.
The report, titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto,” alleged that the Palestinian Islamic Jihad (PIJ), a militant organization that operates in the Gaza Strip,…
St.Galler Kantonalbank (SGKB), one of Switzerland’s top cantonal banks, is diving into the cryptocurrency realm, making digital assets accessible to a wider audience. Teaming up with FINMA-regulated SEBA Bank, SGKB is now offering its wealth-management clients the ability to buy and trade Bitcoin (BTC) and Ethereum (ETH). The next phase involves extending these services to retail customers, with plans to introduce additional cryptocurrencies and staking options. This move mirrors a broader trend in Switzerland, as more banks embrace crypto, signaling growing interest among retail consumers in the crypto-friendly nation.
The trial of former CEO of FTX Sam Bankman-Fried (SBF) has entered a crucial phase, with his defense counsel concluding their arguments on Tuesday. Over the past four weeks, Bankman-Fried has been facing trial sessions in a lower Manhattan courtroom, being charged with fraud and his alleged involvement in the collapse of the FTX exchange and its investment arm, Alameda Research, in November 2022.
CEO of FTX Sam Bankman-Fried Trial Nearing Conclusion
While the trial has been ongoing, Bankman-Fried’s testimony came to an end on Tuesday morning after spending three whole days on the witness stand. Onlookers gathered in the courtroom, making it a relatively quieter day compared to…
The tokenization of real-world assets has been tipped as a major use case of blockchain technology that could drive Web3 adoption. In episode 35 of Cointelegraph’s Hashing It Out podcast, host Elisha Owusu Akyaw interviews Sanjay Raghavan, vice president of Web3 Initiatives at Roofstock onChain, about tokenized real estate on the blockchain and how digital real estate investing interacts with the nonfungible tokens market and the decentralized finance landscape. Raghavan also talks about fractional nonfungible tokens (NFTs), regulations and the risks related to Web3 real estate platforms.
Raghavan explains how real estate is sold on the blockchain using NFTs. Companies that sell real…
SafeMoon, a decentralized finance project exploited in March, resulting in a net loss of $8.9 million in BNB, has been charged by the United States Securities and Exchange Commission and its key executives for security rules violations and frauds.
The funds associated with the exploit have been on the move via centralized exchanges and Match System, a blockchain analytic firm, believes these transfers via CEX could become critical for law enforcement agencies.
Sean Thornton from Match System told Cointelegraph that they suspect centralized exchanges were used as an intermediate link in the money laundering chain.
“On CEX, funds could be exchanged for other tokens and withdrawn further,… Read more on Cointelegraph
