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Trump Fears Ceding Crypto Market Leadership to China
As cryptocurrencies continue to dominate the US election discourse, Donald Trump discussed the implications for the crypto market in a detailed interview with Bloomberg Businessweek, touching on topics like cryptocurrencies, NFTs, and the chip industry. How AI and Blockchain Can Help Save Endangered Animals
News about people hunting or selling endangered animals pops up every day, despite warnings. Business Insider researched what species are available to buy online. Shockingly, they found squirrel monkeys, exotic birds, several species of turtles, and many other animals listed on Facebook. These animals were available for purchase within just 20 minutes. AI in the Spotlight: Meta Introduces Mandatory Labeling
Meta, overseeing platforms like Facebook and Instagram, is set to implement a policy requiring users to tag all content generated by artificial intelligence. An automatic detection system for identifying such AI-created images, videos, and audio in posts is also in the pipeline. Thai Investors Turn to Astrology and Tarot for Crypto Insights
In Thailand, a growing number of crypto investors are seeking guidance from astrology and tarot cards to predict market movements. Astrologist "Pimfah" runs a Facebook group with 160,000 members where tarot card readings are discussed in the context of crypto investments. 
What Is a Rekt Test and How to Pass It?
The Rekt Test is a specialized questionnaire developed by a team of web3 security experts, spearheaded by Dan Guido, the CEO of Trail of Bits. Trail of Bits is a cybersecurity company whose clientele includes notable organizations like Facebook and the Pentagon's Defense Advanced Research Projects Agency (DARPA). OpenAI sees ChatGPT as a game-changer for web content moderation
Social media giants, like Facebook, rely on a vast global moderation teams to sift out damaging content, from child pornography materials to severe violence.
The implementation of GPT-4 might be the key to revolutionizing this workflow.
"The process [of content moderation] is inherently slow and can lead to mental stress on human moderators. With this system, the process of developing and customizing content policies is trimmed down from months to hours," assert OpenAI representatives.
Access to the OpenAI API now enables individuals to forge their distinct AI-driven moderation frameworks. Partisan Disputes Derail Progress on Stablecoin Regulation
US stablecoin legislation negotiations have stalled, with House Financial Services Chair Patrick McHenry blaming the White House. McHenry noted that the parties were closer than ever to a bipartisan deal after 15 months of talks.
However, Rep. Maxine Waters criticized the current stablecoin bill as "deeply problematic," voicing concerns about state regulators approving stablecoin issuances without Federal Reserve input. She also feared companies like Amazon and Facebook issuing their own digital currencies. 
Meta Tests Celebrity Facial Recognition Features
Meta, материнская компания Facebook и Instagram, сообщила о внедрении технологии распознавания лиц. Meta, the parent company of Facebook and Instagram, has unveiled its new facial recognition technology. The tool is designed to solve two critical issues: detecting fake ads featuring deepfake celebrities and assisting users in recovering hacked accounts.Companies Unite Against Pig Butchering Scams
Match Group, the developer of popular dating services, has joined forces with the crypto exchanges Coinbase, Kraken, Gemini, and Meta (Facebook and Instagram) in a new initiative called Tech Against Scams. Together, they aim to combat the Pig Butchering scam, which involves building fake online relationships to steal assets. The Reddit Phenomenon: From a Niche Forum to the IPO
Reddit has announced plans for an Initial Public Offering (IPO), positioning the platform to become the third publicly traded social media company following Facebook (2012) and Twitter (2013). This marks a significant milestone in the evolution of a project that began as a small college online forum. Facebook Succumbs to AI, Logic Loses Out
Mark Zuckerberg's Meta has delegated Facebook's content moderation to artificial intelligence. Yet occasionally, this AI makes choices that seem comically misguided. While users can challenge these decisions, the ultimate arbiter remains... that very same all-mighty AI. 
Thailand Threatens Legal Action Against Facebook
The country intention to seek a court-ordered shutdown of Facebook unless the social media giant takes decisive action to address alleged investment and cryptocurrency scam advertisements on its platform. According to the Ministry of Digital Economy and Society, over 200,000 individuals fell victim to deceptive Facebook ads. The ministry highlighted that common tactics employed by scammers included crypto investment and trading schemes, often featuring images of celebrities and prominent financial figures, and promising daily returns of up to 30%. The ministry is in the process of gathering evidence regarding these scam advertisements, with their number estimated to be over 5,300. Meta's Ambitious Plan: Unique Chatbots on the Horizon
Meta, previously recognized as Facebook, is working on crafting chatbots powered by artificial intelligence, each endowed with a unique personality. These bots will be capable of engaging in human-like conversations on a wide array of subjects or even emulate certain characters.
The first iterations of these chatbots are slated for an official roll-out in September. Their primary role will be to assist in information retrieval or offer suggestions.
Currently, the company has chosen not to offer any comments regarding this development. 
Community platform Towns raises $25.5 million in funding
It's impossible to imagine modern life without social media. However, Facebook, Instagram, and Twitter should not be complacent. In the midst of free speech restrictions and endless advertisements characteristic of Web2, Web3 startups are rapidly increasing 