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DreamSmart and Up Network are set to launch Web3 AI Smart Glasses in Q1 2025, offering users tokenized incentives for AI interactions while ensuring privacy through on-device processing. The glasses feature a guidewave optical display for an extended reality experience and promise compatibility with advanced AI agents, leveraging Google’s Gemini model for real-time contextual intelligence. Pre-registration for purchase opportunities is available on Up Network's official site, with current models like the StarV Air and StarV View already on the market.
The Biden administration has implemented stringent export restrictions on AI chips and technologies, aiming to safeguard U.S. national security and maintain technological dominance ahead of Donald Trump's inauguration. The new rules limit advanced GPU exports to non-allied nations and introduce licensing requirements for over 120 countries, while exempting allies like the UK and Japan. Critics, including Nvidia, argue that these measures could stifle innovation and competitiveness in the tech sector.
BlackRock has launched its first Canadian Bitcoin ETF, trading under the IBIT ticker in both Canadian and U.S. dollars, aimed at simplifying crypto exposure for investors. The fund, which invests primarily in the iShares Bitcoin Trust ETF in the U.S., allows for tax-advantaged holdings through traditional brokerage platforms, addressing custody concerns. Despite record-high outflows of $333 million attributed to profit-taking, the ETF has seen significant growth, reflecting a strong institutional appetite for regulated crypto investments.
Sony has launched its Ethereum Layer 2 platform, Soneium, after a successful four-month testing phase with over 14 million users. Developed by Sony Block Solutions Labs, Soneium aims to enhance blockchain interactions for creators through tools like NFT-based engagement systems and the Soneium Spark incubator program. The platform supports Bridged USDC for value exchange and focuses on building infrastructure for a creator economy across Sony's entertainment subsidiaries.
Singapore's Gambling Regulatory Authority has blocked access to Polymarket, labeling it an "illegal gambling site" due to its unlicensed status. This follows a surge in betting activity related to the U.S. elections, despite most users reportedly losing money. The platform has previously faced regulatory scrutiny in other jurisdictions, including a $1.4 million settlement with the CFTC in 2022.
James Howells, an IT engineer from Newport, Wales, has lost a legal battle to recover a hard drive containing 8,000 Bitcoin, valued at over $750 million, which was accidentally discarded in a landfill in 2013. The Newport City Council denied access to the site due to environmental concerns, and a judge ruled that Howells' claims had "no realistic prospect" of success. Despite the setback, Howells remains determined to explore alternative methods to recover his lost fortune.
Sam Altman asserts that OpenAI is on the brink of achieving artificial general intelligence (AGI), with the first AI agents expected to join the workforce in 2025. While some experts express skepticism about the timeline and the true capabilities of these systems, others believe advancements in AI could lead to significant changes in various sectors. The conversation around AGI also raises concerns about the potential for AI to replace human workers, particularly in repetitive tasks, while emphasizing the importance of human-AI collaboration for future growth.
Solana developers have proposed a transformative "lattice-based" hashing system aimed at scaling the blockchain to billions of user accounts, addressing the long-standing "state growth problem." This upgrade allows for instant verification of new accounts without recalculating the entire state, significantly reducing computational demands. Additionally, a quantum-resistant vault has been introduced to protect user funds from potential quantum computer threats, enhancing the network's security.
Worldcoin, now rebranded as World, faces scrutiny from German regulators over its biometric data practices, particularly regarding compliance with GDPR. The Bavarian State Office for Data Protection has mandated a data deletion protocol by January 19, highlighting concerns over the collection and storage of sensitive iris data. Despite implementing some compliance measures, World plans to appeal the regulator's decision amid ongoing global privacy concerns.
The SEC has approved the first hybrid Bitcoin-Ethereum ETFs, allowing Nasdaq and Cboe BZX to list the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF, respectively. Each fund will hold approximately 80% Bitcoin and 20% Ethereum based on market capitalizations. Grayscale has also filed to convert its Solana Trust into an ETF, aiming to enhance investor access.
Sebastian Sinclair
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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