#state

OpenAI, an AI research and deployment company, has signed a deal with Arizona State University (ASU). This partnership aims to leverage the corporate version of ChatGPT in educational processes to enhance various aspects, including:

Paxos, the stablecoin issuer, has received the green light from the New York State Department of Financial Services (DFS) for introducing its products to the Solana blockchain.

The Specialized Anti-Corruption Prosecutor's Office has reported that a court has imposed a seizure on the cryptocurrency assets of the State Special Communications Service's former chief.

A Chinese court has ruled that lending in cryptocurrency falls outside the purview of the state's legal safeguards, and defrauded users are not entitled to seek compensation through the judicial system.

NYDFS wants to increase transparency from cryptocurrency companies operating in the state, particularly in their processes for listing and delisting cryptocurrencies. The new framework will require firms to develop their coin-listing policies in three key areas: governance for the coin-listing process, risk assessments of coins, and procedures for monitoring coins. The framework will also require firms to provide detailed information on their criteria and decision-making process for delisting a coin. The proposed legislation is open for public comments and will remain so until October 20th.

China's state media is once again alerting its citizens to the dangers and illegality of cryptocurrency trading, as well as enforcing a total ban on mining. This move coincides with a surge in Bitcoin's popularity following the approval of spot ETFs and the anticipation of the upcoming halving event, which will reduce the reward for mining a block by half.

New Hampshire Attorney General John Formella confirmed that Texas-based companies Life Corporation and Lingo Telecom were involved in fake Biden calls to state voters, urging them to skip the Republican primary election. However, he has refrained from pressing formal charges against them.

From 2024, South Korea will update its regulations regarding the disclosure of personal assets for government officials. About 5,800 state officials will be required to publicly disclose their crypto asset holdings and other properties using a designated electronic system.

Meta’s Chief Scientist, Yann LeCun, believes that current AI systems are a decade away from achieving any semblance of sentience or common sense.

The Turkish crypto exchange CoinTR announced today that:

Singapore witnessed one of its largest crackdowns on money laundering last month. 400 police officers coordinated raids throughout the city-state, detaining 10 foreigners. These individuals allegedly were "laundering the proceeds of their overseas organised crime activities, including scams and online gambling". The seizures were significant, totaling $1.76 billion, with cryptocurrencies accounting for nearly $30 million. The operation also led to the confiscation of 68 gold ingots, 110 real estate holdings, and 62 cars. Sketches released provide a look at those under suspicion.

State-owned telecom company China Mobile has suggested the creation of a digital ID for all users in the metaverse and virtual worlds. This ID would include “natural characteristics” and “social characteristics” and store personal information, including a person’s occupation. An illustrative case for this system was presented, where a disruptive user, who “spreads rumors and makes chaos” in the metaverse could be quickly identified and penalized by authorities using their digital ID. This proposal resembles China’s established social credit system, which is created to evaluate and rank citizens according to diverse behavioral criteria, carrying enforcement implications.