The Securities and Futures Commission (SFC) of Hong Kong has recently issued a stern warning against two cryptocurrency entities, Hong Kong Digital Research Institute and BitCuped, for suspected fraudulent activities. The SFC, in collaboration with the Hong Kong Police Force, has blocked access to the websites of these entities to prevent potential investment scams.

The SFC’s investigation revealed that the Hong Kong Digital Research Institute, also known as HongKongDAO, may have been disseminating misleading information online. This misinformation could lead individuals to erroneously believe that the services offered by HongKongDAO were fully licensed and legitimate. Particularly, the promotion of the HKD token by HongKongDAO raised concerns, as it appeared to be an attempt to attract unwary investors under the guise of a legitimate opportunity.

Furthermore, the SFC highlighted serious misrepresentations on BitCuped’s website. The platform falsely claimed that Laura Cha and Nicolas Aguzin, who are in fact executives with the Stock Exchange of Hong Kong, were serving as its Chairman and CEO, respectively. This deceptive information was deemed particularly concerning, as it could easily mislead potential investors about the credibility and legitimacy of BitCuped.

Protecting investors from potential scams

The SFC’s decisive actions, including the issuance of cease-and-desist letters to the operators of these websites, underscore its commitment to safeguarding investors from possible fraud and unauthorized investment activities in the crypto space. The SFC has been proactive in addressing the risks associated with digital assets, especially given the rapidly evolving nature of the cryptocurrency market.

This development comes on the heels of the SFC’s announcement in October regarding updates to its policies concerning digital currency sales and requirements. The updated regulations, set to take effect in June 2024, will require all exchanges operating within Hong Kong to secure a virtual asset service provider license from the SFC. This move is part of the efforts to enhance consumer protection and create a more secure environment for cryptocurrency transactions.

Enhancing cryptocurrency regulation

The SFC’s recent actions and policy updates highlight the need for investors to remain cautious and conduct thorough research before engaging with crypto platforms. The heightened regulatory oversight aims to foster a safer and more trustworthy environment for cryptocurrency investors.

The Securities and Futures Commission’s proactive stance in this matter reflects a growing trend among financial regulatory authorities globally to closely monitor and regulate the crypto market. This approach not only aims to prevent fraudulent activities but also seeks to establish a stable and reliable framework for the burgeoning digital asset industry. 

China’s recent move to offload a substantial amount of US dollars from its currency reserves marks another chapter in the country’s ongoing strategy to reduce its dependency on the US currency.

This decisive action, initiated by Chinese state-run banks, unfolded over three consecutive days this week, signifying a major shift in the global currency dynamics.

The maneuver follows the downgrading of China’s economic outlook by Moody’s, a decision that threatened to weaken the Chinese Yuan in global markets.

Strategic Dollar Dump to Bolster the Yuan

In response to Moody’s downgrade, China’s financial institutions have upped their game, aggressively selling US dollars and purchasing Chinese Yuan. This move is not just about financial rebalancing; it’s a tactical play to boost the Yuan’s standing against the dollar.

While the first two days saw a robust sell-off of US dollars, the activity on Wednesday was comparatively milder, as reported by Reuters.

Nevertheless, the underlying message is loud and clear: China is determined to prop up its currency, even amidst fluctuating global economic conditions.

However, financial analysts are skeptical about the long-term viability of this approach. The concern is that such tactics, while impactful in the short term, might not offer a sustainable solution to the challenges posed by Moody’s rating.

China’s approach reflects a broader trend among BRICS nations, who are collectively striving to diminish their reliance on the US dollar and elevate their local currencies.

The Yuan’s Fluctuating Fortunes

The Chinese Yuan currently grapples with its lowest value against the US dollar in 16 years, having plunged to 7.15 this December. This decline is in stark contrast to the US dollar’s robust performance, buoyed by solid US job data, which has only intensified the pressure on the Yuan.

Over the last 30 days, the Yuan has tumbled by 6.14% against the dollar, and year-to-date, it remains down by 3%. This trend highlights the volatile nature of the Yuan in a dollar-dominated world, where even BRICS nations are not immune to the influence of the US currency.

China’s rigorous efforts to sell off US dollars and purchase Yuan is a direct counter-strategy to this trend, reflecting its commitment to fortify its local currency against global economic headwinds.

China’s actions go beyond mere currency manipulation; they signify a strategic shift in the global economic power balance. By reducing its reliance on the US dollar, China is not just protecting its currency; it’s also challenging the long-standing global financial order.

This bold move could have far-reaching implications, potentially reshaping how global trade and finance are conducted. China’s recent dollar dumping spree is a clear indication of its determination to assert the Yuan’s prominence on the global stage.

While the immediate impact of this strategy has been to counter the negative outlook from Moody’s, the long-term implications could be much more significant.

China’s actions may well herald a new era in global finance, one where the dominance of the US dollar is increasingly contested by emerging economic powers like China.

As the global economic landscape continues to evolve, the world watches keenly to see how China’s unrelenting exodus from the US dollar will play out in the grand scheme of international finance.

China’s renminbi has been on a wild ride this year, and it’s not just because of rollercoaster-like fluctuations in its value. The currency has been underperforming, especially against the US dollar, with an 8.5% depreciation from its January lows. However, this seeming setback is part of a larger, more intriguing story: the renminbi’s growing influence on the world stage.

China Emerges as an Unexpected Twist in Global Finance

In a surprising turn of events, the weaker renminbi has been gaining ground in global payments. From a modest 1.9% share in global payments at the start of the year, it has impressively doubled to 3.6% by October 2023.

This growth, albeit still small compared to the dominant US dollar and euro, signals a potential shift in the global currency landscape.

It’s particularly noteworthy considering that China has been pushing for the internationalization of its currency since 2004, but with limited success until now.

This surge in cross-border use of the renminbi is partly fueled by China’s strategic moves to use its currency for international trade settlements. Nearly 30% of China’s trade in goods and services is now settled in renminbi, a significant leap from previous years.

This shift isn’t just about economics; it’s also a geopolitical chess move. China is reducing its reliance on the US dollar and other G7 currencies, particularly in the wake of Western sanctions against Russia and escalating tensions with the US over Taiwan.

Geopolitical Chess and Financial Strategies

China’s push to internationalize the renminbi isn’t happening in a vacuum. It’s a response to a complex global landscape, where financial and geopolitical strategies intertwine. The country’s development of its own international payment system, Cips, is a case in point.

This system, which operates independently of the Swift interbank messaging system, has gained traction, especially since it’s harder to trace and thus potentially more attractive in the face of Western sanctions.

Furthermore, China has been proactively establishing bilateral currency swaps with over 30 central banks. These swaps, once dormant, are now being utilized, as seen in Argentina’s withdrawal of $1bn in renminbi to cover IMF repayments.

China’s efforts to boost offshore renminbi liquidity through these swaps and the establishment of renminbi clearing centers are part of a broader strategy to cement its currency’s place in international finance.

However, this growing influence comes with a caveat. The renminbi’s lack of convertibility poses a significant barrier to its broader adoption.

Companies earning renminbi through exports find their options for using the currency limited, often restricted to purchasing Chinese goods or paying off debts in renminbi. This dynamic increases other countries’ economic dependence on China.

In contrast to its rising stature as a trade currency, the renminbi lags in its role as an investment currency. Foreign investment in China’s onshore markets, particularly in fixed-income securities, has been on the decline.

The lack of currency convertibility, coupled with China’s unique economic and political landscape, makes the renminbi a less attractive option for foreign investors.

China’s currency revolution on the global stage is a story of paradoxes and complexities. The renminbi’s growing international presence, driven by strategic geopolitical moves and innovative financial instruments, contrasts with its limitations as an investment currency.

This dichotomy reflects China’s broader ambitions and challenges as it navigates the intricacies of global finance. As the renminbi continues to make waves, it remains to be seen how this currency revolution will reshape the financial world order.

Once again, Bitcoin is strutting its stuff on the financial runway, dazzling investors with a flashy comeback. After a dismal plunge in 2022, where it shed over 60% of its value, Bitcoin has made a dramatic u-turn, skyrocketing to $42,000. That’s a 150% hike this year alone.

And it’s not just Bitcoin; its crypto cousins – Ethereum, Dogecoin, Solana, and Cardano – are also basking in double-digit gains. But let’s not pop the champagne just yet. Is this rally a solid investment or just another round of musical chairs in the unpredictable world of cryptocurrencies?

The Enigmatic Surge of Bitcoin

Bitcoin’s revival has sent waves of excitement across the crypto market. Industry veterans, with their crystal balls polished, are now predicting Bitcoin’s value could soar to $100,000 by the end of 2024 and perhaps reach a staggering $750,000 by 2026.

Let’s be real: predicting Bitcoin’s future is more like reading tea leaves than analyzing financial markets. Why? Because Bitcoin, as alluring as it is, lacks intrinsic value and isn’t backed by anything tangible.

It’s not alone in this; gold also shares this characteristic. But unlike Bitcoin, gold has a millennia-long track record as a reliable wealth store, even in turbulent times.

Bitcoin, on the other hand, is the poster child for volatility. Its journey has been a rollercoaster of dramatic ups and downs. Investing in Bitcoin is akin to betting on the mood swings of the market.

It’s a gamble, not an investment. And yet, Bitcoin enthusiasts are spinning a tantalizing narrative to lure investors back in.

A Threefold Sales Pitch

The current pro-Bitcoin pitch is a three-pronged affair. First, there’s the renewed “risk-on” mood in financial markets. Investors, sensing the end of the Federal Reserve’s interest rate hikes, are turning their eyes to more speculative ventures.

The allure of rising Bitcoin prices tends to create a buying frenzy, which often ends as abruptly as it begins. Second, the Bitcoin bulls argue that recent legal victories in the crypto world signify a cleansing wave.

The prosecution of Sam Bankman-Fried, ex-CEO of FTX, for fraud, and Binance’s guilty plea to money laundering charges are seen as ridding the market of its bad elements. This is supposed to be a reassurance, but let’s face it, it’s more of a band-aid on a bullet wound.

Third, there’s the anticipation of U.S. regulatory approval for spot Bitcoin ETFs from big players like BlackRock. The theory goes that mainstream asset managers jumping into the crypto pool adds legitimacy to cryptocurrencies.

But this is a double-edged sword. It might attract more investors, but it doesn’t cushion the inherent volatility of cryptocurrencies. However, the holes in the buy-and-hold strategy for Bitcoin are glaring.

The industry is still young and grappling with legal and regulatory challenges. Gary Gensler, chair of the U.S. Securities and Exchange Commission, recently highlighted the rampant issues of fraud, scams, and money laundering in the sector.

The potential approval of Bitcoin ETFs might bring in more investors, but it’s no safety net against the wild swings of the crypto market. As for mainstream asset managers, let’s not kid ourselves; they’re in it for the fees, not necessarily because they believe in cryptocurrencies.

In the end, the bullish case for Bitcoin is a precarious one. It hinges on the hope that there’s always someone ready to buy at a higher price – the classic “greater fool theory.”

But as history has shown, Bitcoin is no stranger to spectacular crashes. It’s a game of speculation, where the rules are as fickle as the market itself. So, before jumping on the Bitcoin bandwagon, remember: in the crypto casino, the house always wins.

The digital age we live in is an era of paradoxes. While the internet has brought us closer, it has also opened doors to new forms of surveillance, particularly by governments worldwide.

It’s not just about the big brother watching; it’s about the big brother listening to every ping, every alert on your smartphone. Yes, those little notifications that pop up to tell you about an email or a soccer score might be playing a double agent.

The Covert Surveillance Pathway

Senator Ron Wyden recently raised the alarm about this covert surveillance pathway. It seems that some governments, which remain unnamed for now, are using the push notifications from our everyday apps as a means to keep tabs on us.

It’s a clever tactic: while we casually swipe away these notifications, someone might be taking notes.

Think about it – every alert, every nudge from your apps passes through the servers of tech giants like Google and Apple. That’s not just a data transfer; that’s a goldmine of information for those with the right access.

So, what’s the big deal? Well, imagine a world where your government knows what news you’re reading, what deals you’re snagging, and which team you’re rooting for in the big game. It’s a bit like having a personal diary, but one that the government can read whenever it pleases.

Apple, in a rare moment of candor triggered by Wyden’s revelations, admitted that they’ve been under wraps about this. The U.S. government, it seems, had their lips sealed.

But now, as this surveillance method comes to light, they’re looking to be more transparent about these government requests.

Google echoes this sentiment, stressing their commitment to user awareness. However, the Department of Justice remains tight-lipped, offering no comment on the matter.

A Global Phenomenon

This isn’t just a U.S. affair. The sources point out that democracies allied with the U.S. are also in on this game. They’re seeking metadata from push notifications, aiming to connect the dots between anonymous app users and their Google or Apple accounts. It’s a global dance of data, with users unwittingly taking part.

What’s unsettling is that this form of data gathering isn’t new. Users, for the most part, remain blissfully unaware of the implications of these seemingly harmless notifications.

Tech experts have occasionally raised concerns, but it’s been more of a whisper than a rally cry. Earlier this year, French developer David Libeau called out this privacy nightmare, but his warnings seemed to have fallen on deaf ears.

The irony is that we often worry about privacy settings and data sharing on social media, yet something as innocuous as a push notification slips under our radar. It’s like being worried about a leaky faucet when there’s a burst pipe in the basement.

Point is, this revelation about governments using push notifications for surveillance is more than a wake-up call; it’s a siren blaring in the dead of night. It prompts us to rethink our digital footprint and the trade-offs we make for convenience.

After all, in this digital age, the line between being connected and being monitored is thinner than ever. And as we continue to navigate this terrain, it’s crucial to stay informed and vigilant, because, in the world of data, ignorance is certainly not bliss.

In the realm of cyber threats, the emergence of AI-powered malware has raised significant concerns among cybersecurity experts. Despite limited hard evidence of criminal use, the landscape is evolving, with the proliferation of Large Language Model (LLM)-based services on the dark web.

The capabilities offered by Generative Adversarial Networks (GAN) and LLMs enable threat actors to fabricate convincing image and video content for social media. When combined with LLM-enhanced messaging, these manipulations have the potential to deceive unsuspecting individuals into clicking on malicious links, facilitating the propagation of malware through organic sharing.

Evolution of AI-enhanced phishing

AI-powered attacks transcend traditional phishing methods, utilizing AI tools for streamlined research and footprinting activities. This sophistication enables highly targeted and convincing phishing emails, with threat actors dynamically adjusting content and tactics in near real-time. The result is an increased likelihood of successful social engineering attacks and credential harvesting.

In advanced scenarios, AI is directly involved in crafting malware, showcasing the potential for AI-assisted or AI-generated malware. The Black Mamba proof of concept from Hyas Labs hinted at AI’s role in developing malware, although it fell short of showcasing groundbreaking functionality. However, the shift towards AI-generated malware that adapts its behavior based on the target environment poses a substantial challenge to conventional cybersecurity measures.

Extending threats to IoT and OT

The threat landscape extends beyond traditional computing systems, encompassing Internet of Things (IoT) and Operational Technology (OT) devices. These interconnected elements are increasingly targeted, with AI-powered malware exploiting vulnerabilities in IoT devices to gain unauthorized access. The consequences include disruptions, unauthorized access, and potential compromises of critical infrastructure in OT environments.

Strategies to defend against AI-powered malware

Addressing the challenges posed by AI-powered malware necessitates a comprehensive and proactive cybersecurity strategy. Organizations must adapt to the evolving threat landscape with the following key steps.

1. Establish comprehensive visibility

A solid foundation of visibility is paramount for effective security. Organizations must understand every connected asset in their environment to detect anomalous behavior, identify risks, and respond swiftly to potential threats.

2. Embrace continuous risk assessment

Traditional point-in-time risk assessments fall short in the face of dynamic AI algorithms. Continuous risk assessment, evaluating security posture in real time, allows organizations to identify changes, anomalies, and emerging risks, adapting defenses accordingly.

3. Minimize attack surfaces

Reducing potential vectors for attack is crucial. Organizations should secure unnecessary services, close unused ports, and limit user privileges. Evaluating and securing business processes susceptible to socially engineered attacks further fortifies defenses.

4. Build a defensible environment

A defensible environment prioritizes security from the ground up. Strong authentication mechanisms, encryption of sensitive data, and properly segmented networks mitigate and contain potential breaches, making lateral movement and privilege escalation more challenging for attackers.

5. Leverage automation and proactive measures

As AI-powered attacks become more common, organizations must embrace automation for threat response at machine speed. Archiving data facilitates post-incident analysis, enabling proactive steps to secure devices with similar risk profiles.

In the face of the evolving threat landscape posed by AI-powered malware, organizations must adopt a dynamic and adaptable defensive strategy. Proactive measures, continuous risk assessment, and a holistic approach to cybersecurity are essential to stay ahead of emerging threats. As AI continues to evolve, organizations that prioritize adaptability will be better equipped to safeguard their digital ecosystems.

In a significant move to harness the potential of Artificial Intelligence (AI) and bolster workforce productivity, the UK government has introduced new guidance designed to assist businesses in upskilling their employees. The draft guidance, developed in collaboration with the Innovate UK BridgeAI program and The Alan Turing Institute, aims to equip workers with essential knowledge, skills, and behaviors to safely and effectively utilize AI, including key AI tools such as Large Language Models (LLMs).

Empowering workers with AI skills

The guidance is centered around five specific focus areas, to empower both employers and training providers to support workers in adapting to the AI-driven workplace. These areas encompass using AI to evaluate project performance, solving workplace challenges, and improving efficiency in everyday roles such as administration and accounting.

Suid Adeyanju, CEO of RiverSafe, welcomed the government’s initiative but also emphasized the importance of preparing businesses for the potential rise of AI-enabled cyber threats. As AI technology advances, the need for cyber readiness becomes increasingly critical to prevent misuse and potential harm.

Preparing for a transformative shift

Andrew Drylie, Investment Manager at Quadri Ventures, highlighted the transformative impact that widespread AI adoption is expected to have on businesses. Drylie commended the government’s proactive approach to encourage upskilling, ensuring that workers have the opportunity to develop the necessary skill set to thrive in an evolving digital landscape.

Tom Dunning, CEO and founder of Ad Signal acknowledged both the opportunities and challenges posed by the rapid adoption of AI. Dunning stressed the need for upskilling to be part of a broader digital strategy that emphasizes ethical, responsible, and environmentally conscious AI usage. He also highlighted the importance of mitigating AI’s carbon impact.

Government’s vision for AI-Powered workforce

Minister for AI, Viscount Camrose, emphasized the government’s commitment to ensuring that the UK remains an AI powerhouse. The introduction of this guidance is seen as a pivotal step toward aligning the skills of the workforce with the rapid development of AI technology. Viscount Camrose expressed the significance of the guidance in facilitating practical and successful steps for businesses to adopt AI.

The announcement comes on the heels of the Chancellor’s welcome of Microsoft’s substantial £2.5 billion investment in the UK AI sector over the next three years. This investment is expected to further strengthen the UK’s position as a global leader in AI development and innovation.

As AI continues to play an increasingly central role in various industries, including entertainment, concerns over ethical usage and environmental impact have gained prominence. Tom Dunning, CEO of Ad Signal, called for the government to recognize these challenges early on and develop a comprehensive blueprint for responsible AI usage, particularly in industries where AI deployment is substantial.

The Path Ahead of the Digital Revolution

The guidance provided by the government signifies a crucial step towards preparing the UK’s workforce for the impending digital revolution. AI is poised to redefine the way businesses operate and offer unparalleled opportunities for growth and efficiency. However, with these opportunities come the responsibility to use AI ethically, responsibly, and sustainably.

The UK government’s unveiling of AI upskilling guidance demonstrates a clear commitment to preparing the workforce for the transformative impact of Artificial Intelligence. As AI becomes increasingly integrated into various sectors, the guidance will act as a valuable resource for businesses, equipping their employees with the knowledge and skills needed to harness AI’s potential. With the backing of substantial investments from tech giants like Microsoft, the UK aims to position itself as a global leader in AI development and innovation, while also prioritizing ethical and responsible AI usage.

After Qatar was pushed into the crypto scene back in September claiming that the visit of HH Prince Sheikh Tamim bin Hamad Al-Thani of Qatar to El Salvador would include discussions on Bitcoin mining, once again Qatar is being shoved into the crypto scene with rumors that the Qatar Sovereign Fund will be purchasing $500 billion worth of Bitcoin.

Max Keiser, a well-known Bitcoin influencer with 545,000 followers on X, the host of the Keiser report a financial program, has used his platform to educate people on Bitcoin and the dangers of central banking and was the first to push this new rumor.

Keiser is a longtime Bitcoin advocate and educator, having advised people to buy Bitcoin since the price was $1. He is also by coincidence or maybe not, the Senior Bitcoin Advisor to Nayib Bukele the President of El Salvador.

Keiser had stated on X, “I have 1 word for you $100,000 Bitcoin God Candle fans. QATAR, the rumors are getting very loud on this. Their SWF (Sovereign Wealth Fund) rumored to looking to buy 1/2 trillion BTC (Bitcoin).”

Why the rumor is more false than true?

While the news ignited excitement, and media stories across the globe, it just doesn’t seem possible or plausible. First The Qatar Investment Authority founded in 2005 had in October 2023, an estimated $475 billion of assets under management, so as many mentioned would Qatar cough up its entire assets to buy Bitcoin. The answer is no!

In addition the most recent investment by The Qatar Investment Authority had nothing to do with crypto. It invested $1 billion in India Reliance Retail ventures.

In January 2023, Qatar Investment Authority CEO Mansoor Ebrahim Al-Mahmoud told Bloomberg that they would be interested in the credit space, and AI (Artificial Intelligence) as a theme of investments.

In November 2023 Qatar Investment Authority (QIA) invested in Databricks, a data and artificial intelligence (AI) company whose platform unifies data, analytics, and AI to help customers manage their enterprise data and build their own generation AI solutions.

Yet there are no prominent or even small signs that Qatar sovereign wealth fund is even close to investing in Bitcoin, if it were to invest a $500 billion investment that would be over 10% of Bitcoin’s total market cap.

Qatar has not even legalized the trade of cryptocurrencies and as per its Central Bank and even local banks in Qatar such as Al Ahli Bank warned customers against trading, buying and selling virtual assets and currencies through accounts and banking services, citing the reasons as being associated with high risks. So why would its sovereign fund invest in high risk asset that the Central Bank itself doesn’t support?

In 2022 the CEO of Qatar Sovereign Wealth Fund showed interest in investing in Blockchain but shunned crypto, while Qatar’s Central Bank Governor stated that crypto assets are a technology innovation that will take us to a new era of fast accessible payments and financial services. At the time the Central Bank governor expressed Qatar’s interest in working on CBDC (Central Bank Digital Currency)

In 2023 The Qatar Financial Authority Centre launched its Digital assets Lab, and signed partnerships with Blockchain companies such as R3 and Settlemint, but did no move when it came to crypto.

On the contrary the Qatari government is actually working on improving its stance with FATF which had mentioned that Qatar has a very strong level of compliance with the FATF Standards, with only minor improvements needed in relation to risk understanding, implementation of TFS and NPO preventive measures, virtual assets and VASPs, wire transfers, transparency for legal persons and arrangements and cross-border movements of cash and BNIs.

Why the rumor could have truth to it?

There could be many reasons for trying to create a rumor such as this. One of the most obvious is to push Bitcoin’s price up, which actually happened. Bitcoin’s price rose 10% in the last 4 days to over $42,000. The price hike is not just because of rumors but also because the USA has implied it will lower interest rates, as well as the Bitcoin ETF possible approvals, and of course the upcoming Bitcoin halving.

Yet maybe the rumor could be true. What if Qatar makes an investment in an energy fueled datacenter ( renewable or oil and gas) in El Salvador that will be used to mine Bitcoin and so inadvertently becomes an investor in Bitcoin. This is what was implied when Qatar’s Prince visited El Salvador. El Salvador was noted as entering a public private partnership worth $1billion to create the world’s largest Bitcoin mining farm. Not surprisingly, Keiser is an advisor to the President of El Salvador and half of a billion dollars is $500 million.

Finally HE President Bukele during his participation in the Doha Forum, said that his visit to Doha aims to strengthen diplomatic, political and commercial relations, as well as enhance cooperation and investment relations with the State of Qatar. He added that the two countries have not yet explored their full potential, expressing El Salvador’s interest in collaborating and working with the State of Qatar in various fields, especially in oil and gas since his country has great oil wealth and cooperating with Qatari companies would help take advantage of it.

So maybe just maybe there is fire where there is smoke, Bitcoin mining farm built using the fire of oil and gas, or maybe even the sun!

In the ever-evolving landscape of web solutions, the integration of AI tools has shifted from mere buzz to practical functionality. Leading web solutions companies are embedding AI into their platforms, transforming website builders into dynamic tools. As the hype subsides, the magic of AI, when done right, becomes a practical and familiar ally for users, pushing boundaries to revolutionize the overall user experience.

Navigating the AI landscape: Advice for entrepreneurs

As AI tools rapidly expand their reach, entrepreneurs and small businesses are presented with abundant opportunities. To make the most of AI-powered tools, becoming AI-fluent is a strategic move. Those who invest in understanding and harnessing AI’s potential now will be well-positioned for success as the technology continues to evolve.

Generative AI tools, often taking a conversational format, have demonstrated prowess in generating ideas, written content, and images. However, the key lies in how users input prompts. Crafting effective prompts requires a shift in thinking, akin to tailoring a Google search for optimal results. Precision in phrasing and formulation is essential, focusing on detailed information and clear communication of end goals.

For businesses, this means adopting a thoughtful approach to prompt ideation within the larger strategic framework. An online seller aiming to leverage AI for SEO optimization, for instance, must articulate objectives, target keywords, and identify content areas needing improvement for effective prompt utilization.

Building AI skills: The path to success

To truly harness the power of generative AI, regular engagement with AI platforms is crucial. Business owners are encouraged to experiment with various prompts, compare outputs, and adjust strategies based on findings. This hands-on approach fosters a deeper understanding of AI and its applications, enabling entrepreneurs to align AI tools with their specific business needs.

Despite AI’s impressive support for small businesses, it’s essential to acknowledge the technology’s infancy. Even advanced AI tools may struggle with nuances, context, and complexities inherent in advanced language. Caution is advised when automating tasks and necessitates human proofreading, especially for customer-facing roles.

AI as a supportive sidekick: Enhancing creativity and efficiency

In the early stages of AI integration, the technology serves as a supportive assistant rather than a do-it-all solution. Small-business owners can leverage AI tools to supplement their originality and creativity, streamlining daily tasks without sacrificing the human touch. For instance, using AI to generate initial text for a blog post allows entrepreneurs to infuse their unique style and perspective, differentiating their content from others.

AI doesn’t alter the unique factors that make a small business successful but enhances efficiency, simplifying time-consuming tasks. Recognizing the symbiotic relationship with AI allows entrepreneurs to focus on what makes their business concept a winning proposition.

Tailoring AI engagement to individual work styles

Understanding how one works best with AI is crucial, considering the diverse work styles and preferences of users. Platforms like ChatGPT, though technical, emulate human conversation closely. This flexibility implies that the pathways to different outputs are virtually limitless.

From a business owner’s perspective, clear communication of desired outputs, results, and formats is paramount. Self-awareness becomes the key to maximizing AI’s potential as an SMB sidekick. Asking essential questions about one’s creative process, strengths, and areas for improvement allows entrepreneurs to pinpoint where AI tools can provide effective enhancements.

Grayscale AI, a UK-based technology company founded by Romanian entrepreneur Dragos Stanciu in 2020, has achieved a significant milestone by gaining acceptance into the Defence Innovation Accelerator for the North Atlantic (DIANA) Acceleration Programme, sponsored by NATO. This recognition places Grayscale AI among a select group of forward-thinking startups dedicated to advancing cutting-edge technology solutions for NATO’s benefit.

Empowering innovation through DIANA

As a participant in the DIANA Acceleration Programme, Grayscale AI secures access to a range of invaluable resources and opportunities to foster technology development and demonstration. These include grants to support research and development efforts, access to DIANA’s extensive network of accelerators spanning the Alliance, utilization of over 90 test centers, and guidance from various experts, including scientists, engineers, industry partners, end-users, and government procurement specialists.

Dragos Stanciu, the founder of Grayscale AI, expressed his excitement about this development, stating, “I am thrilled that Grayscale AI is participating in the NATO DIANA program. We are excited to implement our novel neuromorphic computing technology within NATO’s invaluable innovation network. The global demand for increased investments in deep tech is evident, and it’s commendable to see NATO assuming a leading role in driving this initiative.”

Pioneering neuromorphic computing and AI solutions

Grayscale AI specializes in developing advanced machine learning algorithms and artificial intelligence solutions. Their primary focus is on shaping the future of autonomous drones and Unmanned Aerial Vehicles (UAVs) through the innovative application of neuromorphic computing and AI technologies. Grayscale AI’s solutions have already undergone rigorous testing in real-world scenarios, earning the recognition and interest of industry leaders such as HORIBA MIRA, AVL, and Smart Mobility Living Lab London.

Notably, Grayscale AI has also attracted the attention of prominent entities, including the US Departments of Energy and Defense, the UK Ministry of Defence, and key partners within the automotive and aerospace sectors.

Grayscale AI’s distinctive expertise lies at the intersection of Computer Vision, Neural Computation, and Robotics. The company has earned a reputation for developing optimization-driven AI solutions, challenging the constraints of traditional computing architectures.

DIANA’s diverse tech focus

DIANA, NATO’s innovation accelerator, casts a wide net across various tech domains. These encompass big data, AI, autonomy, quantum computing, biotech, human enhancement, energy, propulsion, novel materials, advanced manufacturing, hypersonics, and space exploration. Grayscale AI’s participation in this program underscores the company’s versatility and potential to contribute to multiple facets of technological advancement.

A visionary founder at the Helm

Dragos Stanciu, the founder and CEO of Grayscale AI, brings a wealth of knowledge and experience to the company. With a background in software engineering, computational neuroscience, and robotics gained from prestigious research institutions such as the University of Edinburgh and ETH Zürich, Stanciu’s leadership has been pivotal in driving Grayscale AI’s success. The company has achieved significant milestones, including winning competitions and securing venture capital backing from Techstars. It received USD 50,000 from the US Army as part of the xTech program and a GBP 100,000 UK government grant for pioneering neuromorphic vision testing.

A bright future for Grayscale AI and AI advancements

Grayscale AI’s acceptance into NATO’s DIANA Acceleration Programme signals a promising future for the company and the broader field of artificial intelligence. With a focus on empowering AI-driven solutions for autonomous drones, Grayscale AI is well-positioned to substantially contribute to advancing technology, innovation, and the defense sector. As Grayscale AI collaborates with NATO and participates in the DIANA program, it solidifies its place within the global AI landscape and contributes to the ongoing evolution of AI’s role in society.

Grayscale AI’s journey from its founding in 2020 to its acceptance into NATO’s DIANA Acceleration Programme in 2023 represents a remarkable achievement in artificial intelligence. Grayscale AI stands at the forefront of AI advancements with its pioneering neuromorphic computing technology and commitment to innovation. As it embarks on this collaborative endeavor with NATO, the potential for groundbreaking contributions to AI development and its applications in critical areas such as autonomous drones becomes increasingly promising. The future holds exciting possibilities for Grayscale AI, NATO, and the world of AI technology.

SecurityWeek’s 2023 Cyber AI & Automation Summit is set to kick off today as a fully immersive virtual conference, bringing together leading technologists to explore the dynamic landscape of AI-powered security. The event aims to shed light on the transformative potential of AI in addressing security challenges, with a focus on diverse topics ranging from malware hunting to government policy and privacy implications.

Generative AI takes center stage

Ryan Naraine, Editor-at-Large at SecurityWeek, emphasizes the tangible impact of generative AI, signaling its arrival as a potent force in cybersecurity. Naraine notes that the technology is not merely theoretical but is already demonstrating its capabilities in reducing security vulnerabilities and uncovering open-source bugs. The significance of generative AI is highlighted as a critical factor deserving close attention from industry professionals.

Unveiling use-cases in malware hunting and threat intelligence

The summit is set to unveil compelling use-cases demonstrating AI’s prowess in malware hunting and threat intelligence. Attendees will gain insights into how AI technologies can proactively identify and mitigate potential threats, significantly enhancing the overall security posture of organizations. This practical exploration of AI applications underscores its relevance in addressing real-world cybersecurity challenges.

From developer tasks to government policies

The conference will explore the workflow transformation when computers take on developer tasks. This shift towards automation is expected to streamline processes, improve efficiency, and raise questions about the evolving role of developers in an AI-driven landscape. Furthermore, discussions will extend to government policy and regulations, examining the regulatory frameworks shaping the responsible deployment of AI in cybersecurity.

With attendees spanning the globe, the summit provides a unique platform for global collaboration. Participants will engage in discussions about the benefits and risks associated with deploying machine learning and predictive AI tools in enterprise settings. Additionally, the threat posed by adversarial AI and deep fakes will be explored, emphasizing the need for collective awareness and preparedness.

Navigating intellectual property protection and privacy concerns

As AI continues to advance, considerations surrounding intellectual property protection and privacy implications become paramount. The summit will delve into these critical aspects, examining the ethical dimensions of AI applications and addressing concerns related to data privacy. Understanding the broader implications of AI on intellectual property will be crucial for businesses and policymakers alike.

SecurityWeek’s 2023 Cyber AI & Automation Summit promises to be a milestone event, showcasing the cutting-edge developments in AI-powered security. As the world grapples with an evolving threat landscape, the insights shared at the conference are poised to shape the future of cybersecurity. The fusion of technological advancements, global collaboration, and regulatory discussions underscores the comprehensive approach required to harness the potential of AI responsibly.

In a world where cybersecurity challenges continue to escalate, the summit serves as a beacon for professionals seeking to stay ahead of the curve. With generative AI emerging as a game-changer and practical use-cases demonstrating its efficacy, the SecurityWeek conference sets the stage for a new era in cybersecurity, driven by innovation, collaboration, and a steadfast commitment to securing the digital future.

The GTR Conference, an annual gathering that brings together game developers, publishers, and industry experts, recently took place in Malta. This event serves as a pivotal platform for startups and established companies alike to showcase their games, seek investment opportunities, and explore the world of game publishing. In this article, we delve into the key highlights and insights from the GTR Conference, where participants discussed the critical factors behind successful game development and publishing.

The recipe for successful game development

Creating and launching a successful game involves several essential components, and the GTR Conference shed light on these vital aspects. At its core, success in the gaming industry hinges on the convergence of three key elements: a high-quality game, a well-defined target audience and market, and access to adequate capital through a reputable publisher. These elements must harmoniously come together to pave the path for a game’s triumph.

While the development of a good game is paramount, it is not the sole determinant of success. Adequate funding is crucial to support development, and securing user feedback during the development phase is equally vital. Furthermore, having a reputable publisher onboard can significantly impact a game’s success by ensuring a successful launch in the intended market.

GXC’s support for game developers

GXC, a prominent player in the gaming industry, has been actively involved in supporting game developers through various initiatives aimed at fostering ecosystem development. One of these programs, known as ‘G.Round,’ involves testing games with approximately 410,000 users globally. Another initiative, ‘Global Top Round (GTR),’ offers valuable offline events and 1:1 online consultations, covering crucial aspects such as investments, localization, and operations necessary for successful game launches. In addition to these, GXC is set to establish ‘Round Ventures,’ an investment-specialized company, in the first quarter of 2024, to further assist startups facing challenges in funding, operations, localization, and securing publishers.

The GTR conference

The GTR Conference, hosted annually by GXC, serves as a hub for game startups seeking support in various aspects of game development and publishing. The 9th edition of this conference, held in Malta, witnessed introductions to G.Round and the GTR Accelerator program. Notably, 20 selected startup developers and publisher representatives gathered to participate in pitching sessions and select the final developers for investment and accelerator programs. Additionally, attendees had the opportunity to play games currently in development by each selected studio.

GTR: Guiding startups to success

GTR operates as a comprehensive support platform for game startups, offering assistance from development to publishing, fund acquisition, and long-term growth strategies. The program places a strong emphasis on providing a systematic environment to help startups achieve significant milestones swiftly. Through its investment and accelerator programs, GTR has executed a total of 64 investments spanning 32 countries. Developers selected for these programs benefit from a series of workshops, conferences, and extensive support throughout the year.

The core values of GTR encompass investment execution, mentoring services, strategy formulation, business development, and the invaluable game feedback obtained through G.Round. GTR operates on a principle of providing ongoing support, ensuring that development companies complete their projects successfully and successfully launch them into the market.

G.Round: A global feedback platform

G.Round, an in-house game testing platform developed by GXC, serves as a crucial platform for obtaining user feedback during the game development process. Boasting an impressive community of 410,000 gamers from 190 countries, G.Round has tested a total of 363 games in collaboration with developers from 30 countries. Gamers on the platform freely play and provide feedback on two new games every week during a 4-week playtest period.

The user base of G.Round actively participates in the testing process, with an average of 1,400 users playing each game and providing approximately 500 reviews and 250 survey responses. This dedicated community of gamers offers valuable insights and in-depth feedback, contributing to the enhancement of game quality.

The platform’s introduction of AI technology aims to further improve the quality of data provided to game developers. AI is used to analyze data, detect fake reviews, and even predict revenue, providing developers with reliable information for decision-making.

2bytes: Co-publishing for global expansion

In a strategic partnership with 2bytes, G.Round expands its reach in assisting game development companies. 2bytes, established in 2020, serves as a global expansion partner, offering support in various aspects needed for game releases in specific regions. These services include translation, quality assurance (QA), and customer service. With an impressive track record of partnering with 120 development studios and publishers over the past three years, 2bytes specializes in localization tasks for titles such as Black Desert and Lies of P.

2bytes has also developed an AI-based localization engine called ‘BoraCAT,’ which significantly reduces costs and enhances efficiency in the co-publishing model. This engine has shown remarkable results in producing natural translations compared to other tools.

As part of their expansion plans, 2bytes is set to launch its co-publishing business officially next year. They plan to onboard games tested through G.Round and, through venture capital funds like GTR and Round Ventures, invest in games receiving positive feedback. This collaboration aims to support global developers and partners while ensuring higher revenue distribution.

Pitching to showcase games and seeking support

The GTR conference provided a platform for 20 game developers from around the world to pitch their companies, ongoing games, and budgets for development and marketing. These developers covered a diverse range of game genres, from roguelikes to animation-based RPGs, action-adventures, and open-world survival-craft titles.

Developers primarily sought publishers and support in areas such as localization, QA, and PR. Each developer specified budget requirements based on their company’s size, ranging from hundreds of thousands to millions of USD. The presentations highlighted their dedication to community building, engaging with gamers through platforms like Discord and social media.

Publisher perspectives on game development

Representatives from seven publishers, including Shiro Games, Team17, PlaySide, and Playstack, shared their insights on the games and developers they seek to collaborate with. While their preferences varied in terms of game genres and company sizes, they all emphasized honest and transparent communication with developers.

Publishers stressed the importance of forming close and friendly relationships with developers and respecting their creative autonomy. They emphasized that intellectual property rights remain with developers, and they do not interfere with the creative aspects of game development. Publishers also expressed a willingness to share financial risks with developers, highlighting the significance of finding the right publishing partner for long-term success.

The GTR Conference provided a comprehensive overview of the gaming industry, offering valuable insights into the key factors that drive successful game development and publishing. The event showcased the importance of collaboration, feedback, and support in nurturing game startups and helping them achieve their goals in the competitive world of gaming. With the gaming industry continuing to evolve, events like the GTR Conference play a crucial role in shaping the future of game development and publishing.

Helium Price Prediction 2023-2032

• Helium Price Prediction 2023 – up to $3.25
• Helium Price Prediction 2026 – up to $10.57
• Helium Price Prediction 2029 – up to $29.86
• Helium Price Prediction 2032 – up to $87.06

Let’s review the Helium crypto market, long- and short-term investments, and the future price destination. Will Helium reach $10?  

How much is HNT worth?

The current price of Helium is $4.08, with a 24-hour trading volume of $35.194 million. Helium is up 44.52% in the last 24 hours. The current CoinMarketCap ranking is #91, with a live market cap of $579.878 million. It has a circulating supply of 143,934,821 HNT coins and a max. supply of 223,000,000 HNT coins. (Statistics At Press Time)

Helium price analysis: Will HNT/ USD go up?

TL; DR Breakdown

• At press time, HNT was down 87.40% in the last 12 months
• Helium (HNT) fell by 50% in March 2023 following its delisting on BInance.
• HNT’s decline has decelerated over the previous two months.

Helium (HNT) fell from $2.5 to $1.16 in March 2023, shedding over half its value after the Binance exchange delisted the coin. Despite the big blow, exchanges like Gate.io supported the Helium team by facilitating their migration to Solana.

Helium price analysis 1-day chart: HNT/ USD momentum drops

At press time, HNT was up 82.40% in the last 12 months and 138.40% over the previous 30 days. 

The MACD indicator shows the coin’s positive price momentum for the last two weeks, with the 14-day relative strength index (RSI) crossing into overbought territory as the coin pumped by over 40% in 24 hours.

Recent News

Helium Mobile announced the launch of its nationwide plan across the United States. This new plan offers unlimited data, text, and talk for just $20 a month, a pricing strategy set to disrupt the current telecom market.

The innovative service is a unique blend of the peer-to-peer Helium Network, built on the Solana blockchain, and a robust nationwide 5G network. This integration not only harnesses the potential of blockchain technology but also optimizes the capabilities of 5G for superior connectivity solutions. 

Following a successful limited trial in Miami, Helium Mobile is set to change the landscape of mobile connectivity. A key feature of the service is the Helium Mobile Hotspots. These devices, available for outdoor ($499) and indoor ($249) settings, allow subscribers to create their own ‘mini cell towers.’ This decentralized network expansion approach aims to eliminate connectivity dead zones, fostering a community-driven network enhancement.

As per the latest data from the Helium Hotspots Map, the network boasts 3,831 active mobile hotspots and 357,087 active hotspots for internet-of-things (IoT) devices, indicating a swift and positive user adoption.

Helium Mobile’s venture into the telecom space with its innovative blockchain and 5G-powered service offers a promising glimpse into the future of telecommunications and IoT connectivity, marking a potential paradigm shift from traditional network models.

Helium Price Prediction 2023 – 2032

Helium Price Prediction by Cryptopolitan

Helium Price Prediction 2023

HNT price prediction 2023 could be a maximum price of $3.25. The minimum price is $2.89, and the average trading price of the coin will be $3.16. 

Helium Price Prediction 2024 

Helium forecast for 2024 is a maximum price of $5.33. The coin’s minimum price will be $4.25 and an average price of $4.38. 

Helium Price Prediction 2025

Helium price forecast for 2025 is a maximum price of $7.22. The coin’s lowest price will be $6.08, and the average trading price of the coin is $6.30. 

Helium Price Prediction 2026

HNT price prediction for 2026 is a maximum of $10.57. The minimum price the coin will have by the end of 2026 will be $8.47, while its average trading price will be $8.72. 

Helium Price Prediction 2027

HNT token price prediction for 2027 is a maximum price of $14.50 with a minimum price of $12.23. We also expect the coin’s average trading price to be $12.67.

Helium Price Prediction 2028

HNT coin price prediction 2028 is a maximum price of $20.87. The minimum price of the coin by 2028 will be $17.07; the average trading price is forecasted to be $17.71.

Helium Price Prediction 2029

HNT price prediction 2029 is a maximum price of $29.86 with an average trading price of $24.75. The coin will have the lowest price at $23.86.

Helium Price Prediction 2030

Helium cryptocurrency prediction for 2030 is a maximum price of $41.56; the coin’s lowest price is $34.72. The average trading price of the coin will be $35.96. 

Helium Price Prediction 2031

Helium’s price prediction for 2031 is a maximum trading price of $61.87, with an average trading price of $51.73. The minimum price of the coin will be $49.94. 

Helium Price Prediction 2032

Helium’s price prediction for 2032 is a maximum trading price of $87.06, with an average trading price of $75.17. The minimum price of the coin will be $73.10. 

Helium price prediction by Walletinvestor

Wallet Investor uses Artificial intelligence (AI) and machine learning to provide the average forecast price of HNT. The AI indicates its past performance index rating as A+; it adds that HNT would make a bad one-year investment. The expected average price will be $0.299. The return on investment (ROI) will be -92.759% in 2024. In 2025, the ROI will be -94.67%; in 2026, it will be -95.778%; in 2027, it will be -96.746%. According to the analysis, the HNT price bearish trend continues over the entire period.

Helium price prediction by CryptoPredictions

The site scans a given coin’s exchange rates and other historical market data and uses these data to provide a future HNT price prediction. Their HNT price forecasts for 2024 are $2.696 in January and $3.137 in December.

In 2025, HNT will trade at an average price of $3.309 in January and $4.785 in December. In 2026, it will sell at an average price of $4.899 in January and $5.976 in December.

Helium price prediction by Digital coin price

Helium cryptocurrency has traded sideways for the last month. Its price will go up to $2.78 in December. It will be on a bullish trend from 2023 to 2032; the maximum value of HNT for the entire period will be $2.12. In 2024 it will trade at a mean price of $3.16. It will reach a maximum price of $3.35 and a minimum of $2.76. In 2025, it will trade at a mean price of $4.60. It will reach a maximum price of $4.69 and a minimum of $3.80. In 2030 it will trade at a mean price of $24.66. It will reach a maximum price of $25.14 and a minimum of $24.21.

Helium Price Predictions by Industry Influencers

Crypto With James YouTube channel’s latest update on HNT suggests that the coin could explode in this bull run. He goes through the coin features and coverage and suggests that the coin would make it to $25 on the condition that it cracked the USA in terms of coverage.

Helium Overview

Helium Price History

In 2021, the Helium Network secured $111 million through a token sale prominently led by the venture capital firm Andreessen Horowitz. This fundraising round also saw significant contributions from various investors, including 10T, Ribbit Capital, Multicoin Capital, and Alameda Research, which has since declared bankruptcy.

Following this achievement, Helium Network further advanced its financial standing in February by raising $200 million in a Series D funding round. This substantial investment valued the project at $1.2 billion and featured prominent backers such as Tiger Global and FTX Ventures.

Helium Network transitioned from its proprietary blockchain to the Solana blockchain in September 2022 to enhance its technological infrastructure. Concurrently, Nova Labs, associated with the Helium project, inked a significant contract with T-Mobile. This agreement aimed to augment Helium’s network coverage, specifically targeting areas lacking coverage.

In the 2021 bull run, HNT rose from $1.4 to its all-time high of $55.22 on November 12, 2021. HNT corrected to $26.03 in December before rising to $41 in January 2022.

In the 2022 crypto winter, HNT started losing value and has not significantly recovered. By December 2022, HNT had dropped to as low as $1.18. At press time, HNT was down 92.66% from its all-time high. In 2023, the coin was bullish in the first and last quarter of the year. In December alone, it managed over 2X gains from the previous month.

Source: https://coinstats.app/coins/helium_hnt/

More about the Helium Network

What is Helium?

Helium, also known as Helium Network (HNT), was launched in July 2019. It’s a fast-growing decentralized blockchain that allows peer-to-peer WiFi access to IoT devices using limited internet power demand—for example, tracking electronic bikes and wearables. 

Helium blockchain consists of hotspots launched on the market that give the public network coverage and compensate with HNT in return. Unlike the usual WiFi hotspots with little coverage reach and depend on a close distance between gadgets, the Helium token is different. 

Helium LongFi protocol for stable internet access

Helium cryptocurrency provides a better viable alternative to internet access. It doesn’t matter if you’re kilometers away. You’ll have stable internet access with the Helium LongFi protocol and the global united network. This means that you can connect wirelessly from anywhere in the world. The Helium hotspot uses PoC to confirm a device’s location, as it transfers data and protects the network infrastructure. Subsequently, the operators get rewarded with Helium cryptocurrency. The Helium coin has two primary uses:

• For mining benefits: Hotspot operators receive HNTs for providing, validating, and maintaining device data coverage and transfer. The reward is calculated on the volume of data transferred and the quality of coverage.
• For generating data credits: The data credits from HNTs can serve as payment for services like data transmission and transaction charges. 

Features of the Helium Network

Before Helium’s network performed seamlessly, some components contributed to this flawless performance. Let’s have a look.

Proof-of-Location

This feature successfully interprets a device’s location without power-draining or expensive satellite installation; the digital currency network uses a wireless high-speed internet service. The devices can accurately and securely represent location, and the blockchain records it.

Proof-of-Coverage

Helium uses the PoC to confirm that a device’s location is accurate and is truthfully giving a precise location for the wireless coverage by the hotspot. With the help of the PoC, blockchain, and Helium’s network can use the information disbursed to provide evidence beneficial to network users and the network itself.

WHIP

WHIP is a wireless high-speed internet service designed for low-power devices over a large area. It uses chips from different manufacturers with no proprietary technology or required modulation schemes.

Helium’s network consensus protocol

The consensus protocol operates on specific mechanisms. Hotspots operating within Helium’s network specifications and consensus rules have full permission to participate freely in Helium’s network.

Another characteristic is no incentive to leverage factors like cheap energy costs or extra hardware around the exact location.

Thirdly, the protocol should endure Byzantine breakdowns to reach a consensus; some users are honest. Due to this, Helium’s network uses HoneyBadgerBFT.

Also, there should be a high rate of approved transactions per second, and hotspots should lack the censoring ability and should not select or deselect transactions in the block.

Helium Decentralized Wire Network (DWN)

This function supplies wireless internet connection to devices using different independent miners. It indicates which network and WHIP specifications the users on the network follow. Routers pay the various miners for internet coverage. Subsequently, these miners get tokens for network coverage and data transmission to the internet.

How to Buy Helium (HNT)

• Go to CoinMarketCap and search for Helium. Tap on the button labeled “Market” near the price chart. In this view, you will see a complete list of places to purchase Helium and the currencies you can use to obtain it.
• Under “Pairs” you’ll see the shorthand for Helium, HNT, plus a second currency. The second currency is what you can use to purchase Helium. If you’d like to purchase HNT in U.S. Dollar, look for HNT/USD.
• Pick a platform to make your purchase. Different platforms have different levels of security, reliability, and liquidity. Before creating an account, do your research. Binance offers many options. You can easily buy Helium (HNT) with the lowest fees and highest security anywhere Binance is available. HNT is not available on Coinbase.

Also Read:

• Crypto Darling Helium Promised A ‘People’s Network.’Instead, Its Executives Got Rich.
• How To Mine Helium: Basic Guide

Conclusion

According to HNT price predictions, despite conflicting projections for the HNT price, there is general agreement that the coin’s value will rise in the long run. So, it can be considered a good investment if you’re looking for long-term profits.

But remember that forecasts are frequently off, so before buying cryptocurrencies, conduct your research and only invest what you can afford to lose. No matter the predictions, the price of a cryptocurrency might go up and down.

The Helium network is what gives HNT its value. By burning Helium, data credits are created, which are used to pay for utilizing the Helium network. This indicates that Helium becomes rarer and more precious as network use rises.

In a strategic move that marks a significant step in the evolution of digital finance, South Korea’s central bank, the Bank of Korea, has forged a pivotal alliance with Italy’s Banca d’Italia.

This partnership, formalized through a memorandum of understanding, revolves around a mutual exchange of knowledge and expertise in the realms of IT and payment systems, with a keen focus on Central Bank Digital Currencies (CBDCs).

A Union of Technological Expertise and Innovation

The collaboration between the two nations is not just a routine international agreement; it represents a confluence of two distinct approaches towards CBDCs.

Italy, through its central bank, has been delving into solutions that emphasize interoperability in settling transactions based on Distributed Ledger Technology (DLT) using hash-linked contracts.

This method deviates from the more common wholesale CBDC approach observed in other European countries. On the other hand, South Korea has been actively piloting its CBDC infrastructure since October, involving both private banks and public institutions, with technical support from the Bank for International Settlements.

This Memorandum of Understanding, inked by Luigi Federico Signorini, the General Manager of Banca d’Italia, signifies a mutual commitment to sharing insights on ICT issues related to real-time settlement systems and CBDCs.

This synergy is expected to yield innovative solutions, marrying Italy’s focus on DLT-based transaction settlements with South Korea’s holistic CBDC pilot program.

Divergent Perspectives and Future Implications

The collaboration comes at a time when the concept of CBDCs is gaining traction globally, yet facing staunch opposition from various quarters. In the European Union, some politicians have expressed strong reservations about CBDCs, citing concerns over privacy invasion.

Similarly, in the United States, public figures have voiced apprehensions about the potential implications of a U.S. CBDC, with some going as far as to label it a definitive endgame for financial autonomy.

Despite these opposing views, the partnership between South Korea and Italy represents a forward-thinking endeavor. South Korea is set to extend its CBDC pilot program to 100,000 citizens in 2024, pushing the boundaries of digital currency adoption.

This initiative, coupled with Italy’s progressive approach to DLT-based settlements, positions both countries at the forefront of CBDC research and development.

The joint efforts of South Korea and Italy in exploring and refining CBDC technologies are crucial in a world where digital currencies are increasingly seen as the future of financial transactions.

The collaboration is not just about the technical aspects of CBDCs; it’s about setting a precedent for international cooperation in developing financial technologies that are secure, efficient, and inclusive.

In essence, the memorandum of understanding between South Korea and Italy serves as a beacon of innovation in the global financial landscape. It is a bold step towards understanding and potentially integrating CBDCs into mainstream financial systems.

As these two nations embark on this journey, their collaboration could provide valuable insights and set standards for other countries contemplating their own CBDC initiatives.

The future of CBDCs may still be a matter of debate, but the partnership between South Korea and Italy ensures that if CBDCs are the way forward, the path will be paved with expertise, shared knowledge, and a vision for a digital financial future.

In a significant development unveiled at the 2023 United Nations Climate Change Conference (COP28), Envision Blockchain, in partnership with Hedera Hashgraph (HBAR), introduced groundbreaking solutions for managing carbon credits and emissions tracking. These innovative platforms, underpinned by blockchain and artificial intelligence (AI) technology, promise to reshape the landscape of environmental asset management and contribute to global sustainability goals.

A leap toward streamlined carbon credit management

Envision Blockchain’s Managed Guardian Service (MGS), leveraging Hedera Hashgraph’s blockchain, is designed to simplify the creation and management of digital environmental assets, particularly carbon credits. The primary aim is to inject efficiency and transparency into the voluntary carbon market, making it more accessible and trustworthy. Massamba Thioye from the UN Climate Change Secretariat lauded these enhancements, recognizing their potential to revolutionize climate change mitigation methodologies.

The platforms introduced at COP28 bring a suite of advanced features, including the digitization of UNFCCC methodologies. This digitization is a critical step in standardizing emissions reduction calculations for carbon credit projects, ensuring that reporting remains consistent and accurate across the sector.

Envision Blockchain’s platform distinguishes itself with its AI-guided search function, which empowers users to navigate extensive environmental methodology libraries efficiently. Notably, this includes the UNFCCC’s Clean Development Mechanism (CDM) Methodology library. By utilizing AI to filter and present relevant methodologies based on user queries, the platform simplifies the selection process for appropriate methodologies for carbon credit projects.

The platform offers a Project Data Comparison feature that enhances the analysis of environmental project data. It addresses critical issues like double counting and bolsters transparency by allowing users to compare data recorded as Verifiable Credentials (VCs). VCs, digital certificates containing validated information about environmental projects, ensure the integrity and reliability of data.

An important milestone achieved through this collaboration is the integration of the Global Blockchain Business Council’s (GBBC) dMRV Specification into the Guardian platforms. This specification outlines digital reporting and verification standards for carbon data, promoting alignment among various stakeholders in the carbon market. This fosters the adoption of common standards and practices across the industry.

The partnership between Hedera Hashgraph and Envision Blockchain, with the support of the United Nations, signifies a pivotal moment in leveraging blockchain technology to advance environmental sustainability. These innovations promise to revolutionize carbon credit management, offering a more transparent, efficient, and reliable system to address the pressing global challenges of climate change.

Blockchain and AI solutions unveiled at COP28 for a greener future

Envision Blockchain, in collaboration with Hedera Hashgraph (HBAR), unveiled pioneering environmental asset management solutions at the 2023 United Nations Climate Change Conference (COP28). These cutting-edge emissions tracking and carbon credit platforms, powered by blockchain and artificial intelligence (AI) technology, mark a significant step towards digitizing and enhancing carbon credit management while aligning with global sustainability objectives.

Envision Blockchain’s Managed Guardian Service (MGS), built on Hedera Hashgraph’s blockchain technology, is designed to streamline the creation and management of digital environmental assets, including carbon credits. The primary goal is to inject efficiency and transparency into the voluntary carbon market, making it more accessible and dependable. Massamba Thioye from the UN Climate Change Secretariat commended these developments for their potential to revolutionize climate change mitigation methodologies.

Advanced features for emissions tracking

The platforms unveiled at COP28 introduce a range of advanced features, with a key highlight being the digitization of UNFCCC methodologies. This digitization is pivotal in standardizing emissions reduction calculations for carbon credit projects, ensuring consistent and accurate reporting practices across the sector.

Envision Blockchain’s platform boasts an AI-guided search function that empowers users to efficiently navigate extensive environmental methodology libraries, such as the UNFCCC’s Clean Development Mechanism (CDM) Methodology library. This innovative feature streamlines the selection of appropriate methodologies for carbon credit projects by presenting relevant options based on user queries.

The platform offers a Project Data Comparison feature, facilitating more effective analysis of environmental project data. This feature addresses issues like double counting and enhances transparency by enabling users to compare data recorded as Verifiable Credentials (VCs). VCs, digital certificates containing validated information about environmental projects, ensure

In a significant development for the entertainment industry, actors have voted to approve a new three-year contract with studios, effectively ending six months of labor unrest. The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) announced that the contract received an overall ratification rate of 78%, exceeding the required simple majority.

Ratification and comparisons

The new contract, valued at over $1 billion over three years, encompasses a range of provisions aimed at benefiting the union members. This includes better health care funding, improved on-set services such as hair and makeup, concessions related to self-taped auditions, and a mandatory requirement for intimacy coordinators during sex scenes. The agreement also addresses the emerging realm of artificial intelligence (AI) in the industry.

In comparison, screenwriters had ratified their new contract with studios in October with an overwhelming 99% approval rate. However, actors secured a 7% first-year raise, slightly more than the 5% obtained by the writers. Both unions resorted to strikes earlier in the year, with writers striking in May and actors in July, which led to protracted labor disputes in the industry.

One notable aspect of the new contract is the inclusion of AI protections. The agreement guarantees that studios will not utilize AI tools to create digital replicas of performers without proper payment or approval, marking a significant gain for actors. However, some members have expressed dissatisfaction with the strength of these protections.

Critics argue that the contract still allows studios to deploy AI to create “synthetic fakes,” where recognizable features from real actors are combined to fabricate entirely new characters. Matthew Modine, a SAG-AFTRA board member, voiced concerns, stating that the contract’s ratification could lead to more job reductions, particularly affecting background and stunt performers. 

He also highlighted how the use of AI has already impacted voice performers, who have seen their roles replaced by digitized “sound-alike” voices, even resurrecting the voices of deceased performers.

Another contentious issue raised by actors is the contract’s allowance for studios to require body scans as a condition of employment. Studios also retain the right to use past performances to train AI tools, further fueling concerns about the long-term implications of AI in the industry.

Membership participation

SAG-AFTRA reported that over 50,000 members cast their ballots during the three-week voting period, reflecting an increased turnout compared to previous years. Of the eligible members, 38% participated in the vote, up from approximately 27% in 2020 and 15% in 2017.

The Alliance of Motion Picture and Television Producers, representing major entertainment companies, congratulated the union on the ratification of the contract. They anticipate that with this development, the industry and the jobs it supports will be able to return in full force.

The strikes earlier in the year had a substantial impact on the entertainment industry, bringing Hollywood to a standstill. The financial consequences were significant, affecting not only writers and actors but also over 100,000 behind-the-scenes workers who were out of jobs for months. 

According to Todd Holmes, an associate professor of entertainment media management at California State University, Northridge, the strikes resulted in roughly $10 billion in losses nationwide. While Los Angeles is home to major studios, they also utilize soundstage complexes in other states like Georgia, New York, New Jersey, and New Mexico.

Lugano, a picturesque Swiss city known for its stunning landscapes and vibrant culture, is now pioneering a modern financial revolution.

In a bold move, Lugano has officially announced the acceptance of cryptocurrency for the payment of municipal services and taxes, heralding a new era of digital currency integration into everyday life.

This groundbreaking initiative, effective from December 5, positions Lugano at the forefront of financial innovation, embracing the potentials of digital currencies in public sector transactions.

Lugano Embracing Cryptocurrency in Municipal Transactions

Lugano’s leap into the future of finance is marked by its decision to accept Bitcoin (BTC) and Tether (USDT) for all municipal payments. This includes everything from tax invoices to community fees, offering citizens and companies a versatile and contemporary method of settlement.

The approach goes beyond the limited scope of online portal transactions, now encompassing all kinds of invoices issued by the city, irrespective of the service type or the invoiced amount.

This initiative is a significant component of Lugano’s Plan B, a collaborative strategy with Tether, focusing on utilizing Bitcoin technology to fundamentally transform the city’s financial infrastructure.

Plan B ambitiously aims to weave blockchain and Bitcoin into various facets of Lugano’s daily life, marking a bold step towards a digitally integrated financial ecosystem.

Bitcoin Suisse, a key player in this initiative, is facilitating the technical aspects of this integrated payment solution. The Swiss QR-Bill system, known for its automation and convenience, plays a crucial role in this setup.

Citizens and businesses can simply scan a QR code on their invoice and pay using their preferred mobile wallet, choosing either Bitcoin or Tether for the transaction.

A New Chapter in Financial Innovation

Armin Schmid, Chief Product Officer at Bitcoin Suisse, expressed enthusiasm over supporting Lugano’s pioneering efforts.

This move underscores a growing trend among Swiss municipalities to adopt cryptocurrency as a viable payment option, complementing traditional methods like post-office counters and e-banking platforms.

Bitcoin Suisse’s role as a technical infrastructure provider for crypto payments has been instrumental in making digital currencies accessible for Swiss cantons, cities, and municipalities.

Following the successful implementations in the City of Zug, the Canton of Zug, and the municipality of Zermatt, Lugano is the latest Swiss municipality to officially recognize cryptocurrency as an accepted form of payment.

This move reflects a broader acceptance and integration of digital currencies into the Swiss financial landscape, showcasing the country’s progressive stance on financial technology.

Lugano’s initiative is more than just a new payment method; it represents a fundamental shift in how financial transactions are perceived and conducted in the public sector.

This adoption of cryptocurrency is expected to streamline processes, offer flexibility, and possibly even attract a new demographic of tech-savvy individuals and businesses to the city.

Lugano’s decision to accept Bitcoin and Tether for municipal payments is a significant milestone in the integration of digital currencies into mainstream finance. It exemplifies a forward-thinking approach to financial technology, positioning Lugano as a leader in the adoption of innovative payment solutions.

As the city embarks on this journey, it sets a precedent for other municipalities worldwide to explore the potential of cryptocurrencies in public sector finance.

The Bank of England, responsible for overseeing financial stability in the United Kingdom, has announced its plans to conduct an assessment of the risks associated with artificial intelligence (AI) and machine learning in the financial services sector. 

This announcement was made in the bank’s half-yearly Financial Stability Review, emphasizing the importance of understanding and addressing potential implications arising from the increasing adoption of AI and machine learning in a sector that contributes around 8% to the British economy and maintains deep global connections.

The Bank’s Financial Policy Committee, tasked with identifying and monitoring risks within the financial system, will collaborate with other regulatory authorities to ensure the resilience of the U.K. financial system against potential risks arising from the widespread use of AI and machine learning. 

Governor of the Bank of England, Andrew Bailey, expressed the need to approach AI with vigilance and an open mind, recognizing its significant potential impact on economic growth, productivity, and the shaping of economies in the future.

Rising concerns and the call for safeguards

Over the past year, the debate surrounding the benefits and risks associated with AI and machine learning has gained momentum. Some observers have raised concerns about the unknown dangers posed by AI and have called for safeguards to protect individuals and society from potential existential threats. 

The increasing popularity of AI-powered technologies, such as OpenAI’s ChatGPT and other chatbots capable of generating human-like text and images, has further fueled the global discussion on AI regulation.

Global efforts to regulate AI

In a synchronized effort to address the regulatory challenges posed by AI, leaders within the 27-nation European Union are currently working to establish world-first AI regulations. This initiative aims to set a precedent for responsible AI use and promote the development of ethical and safe AI technologies. The ongoing debate on AI regulation reflects the urgency of creating a framework that can both harness the potential benefits of AI and mitigate its associated risks.

Governor Bailey emphasized the importance of firms using AI to comprehensively understand the tools they are employing. He stressed that firms must recognize that AI is a critical tool with tremendous potential, rather than viewing it solely as a source of risks. As AI continues to evolve and play an increasingly significant role in various industries, including finance, a clear understanding of its capabilities and limitations is essential.

In a significant development within the Bitcoin community, Luke Dashjr, a Bitcoin Core developer, recently highlighted a critical issue affecting the network. On December 6, through a post on X, Dashjr brought attention to exploiting a vulnerability in the Bitcoin Core, a fundamental software used for transactions. According to Dashjr, this issue has contributed to the recent network congestion, primarily due to the activities surrounding Bitcoin Ordinals and BRC-20 tokens.

New fix targets Bitcoin Ordinals flaw

Dashjr’s post elaborates on how Ordinals and BRC-20 token creators have exploited a loophole in the Bitcoin Core software. This exploitation has enabled them to embed excessive data on satoshis, the smallest unit of Bitcoin, effectively spamming the blockchain. He explained that although the Bitcoin Core code has had a feature to limit the size of extra data in transactions since 2013, inscriptions used by these creators bypass this limit by disguising their data as program code.

The recent update to Bitcoin Knots, a derivative of Bitcoin Core with additional features, has addressed this bug. This update is significant because it prevents inscriptions from bypassing the data size limit, potentially stopping new Bitcoin Ordinals and BRC-20 tokens causing network congestion.

The implications of fixing this vulnerability are substantial. A user on X queried Dashjr about the future of Ordinals and BRC-20 tokens post-fix, to which he confirmed that their creation would indeed cease. However, he noted that existing inscriptions would remain unaffected. Dashjr also pointed out that Bitcoin Core is still vulnerable in its upcoming v26 release and expressed hope for a fix in v27 next year.

The decentralized mining protocol Ocean, where Dashjr serves as chief technology officer, also weighed in. They endorsed the Bitcoin Knots upgrade, stating it resolves a long-standing vulnerability modern spammers exploit. According to Ocean, this upgrade will lead to blocks including more genuine transactions, implying that Ordinals inscriptions are akin to a denial-of-service attack on the Bitcoin network.

Dashjr has been a vocal opponent of Bitcoin Ordinals inscriptions, claiming they cause significant and irreversible damage to Bitcoin and its users, including those in the future. He has characterized the introduction of ordinals as an attack on Bitcoin since its inception.

Network congestion and transaction costs

The Bitcoin network has experienced notable congestion recently, attributed largely to inscriptions and BRC-20 token minting. Data from mempool. Space indicates that there are over 275,000 unconfirmed transactions. This congestion has led to a significant increase in transaction costs. The average cost for a medium-priority transaction has risen from approximately $1.50 to around $14.

The Bitcoin Ordinals protocol, launched in January 2023 by Casey Rodarmor, allows users to inscribe data and non-fungible tokens onto satoshis. While this has introduced a new dimension to the use of Bitcoin, the resulting congestion has raised concerns within the community about the sustainability and efficiency of the network.

The recent developments underscore a crucial aspect of blockchain technology, and its governance. As the Bitcoin community continues to evolve and adapt, the balance between innovation and network integrity remains paramount. Resolving this vulnerability in Bitcoin Knots is a step towards addressing these concerns. However, the long-term impact on Bitcoin Ordinals and the network remains to be seen.

In a move that marks a new era of interoperability and security in the blockchain space, Polyhedra Network, a rising star in the ZK (Zero-Knowledge) infrastructure domain, has announced its latest development: the integration of Trust Wallet into its network. The strategic addition is set to provide users with an unprecedented level of security and decentralization for asset transfers and interactions within the blockchain ecosystem.

Transforming asset transfers with enhanced security

The integration of Trust Wallet with Polyhedra Network is a game-changer for users seeking secure and efficient ways to manage their digital assets. Trust Wallet, known for its robust security features and user-friendly interface, now allows its users to seamlessly initiate NFT (Non-Fungible Token) and token transfer operations on the Polyhedra Network. The collaboration is particularly significant in the context of the growing concerns around digital asset security. By leveraging Trust Wallet’s secure environment, Polyhedra Network users can conduct their transactions with greater peace of mind, knowing that their assets are protected by one of the most trusted wallets in the industry.

The importance of the integration extends beyond just enhanced security; it also simplifies the user experience. By allowing Trust Wallet users to connect their wallets directly to the Polyhedra Network, the process of transferring assets becomes more streamlined and user-friendly. The ease of use is crucial for the adoption of blockchain technology, as it lowers the barrier to entry for new users and enhances the overall experience for seasoned blockchain enthusiasts.

Polyhedra Network’s commitment to interoperability

At the heart of Polyhedra Network’s mission is the development of zkBridge, a technology focused on providing cross-chain infrastructure that facilitates interoperability between Layer 1 and Layer 2 blockchain networks. The integration of Trust Wallet is a significant step in this direction, as it opens up new avenues for asset transfers across different blockchain layers. Interoperability is essential for the future of blockchain technology, as it enables a more connected and efficient ecosystem where assets and information can flow freely across various networks.

The zkBridge technology is particularly noteworthy for its use of Zero-Knowledge proofs, a cutting-edge cryptographic method that allows for the verification of information without revealing the information itself. The technology ensures that while assets can move across different chains, the privacy and security of the transactions are maintained. Polyhedra Network’s focus on technology positions it at the forefront of the blockchain interoperability movement, paving the way for a more integrated and functional blockchain ecosystem.

Looking Ahead: The future of blockchain with Polyhedra Network

The integration of Trust Wallet into Polyhedra Network is just the beginning of what promises to be a transformative journey in the blockchain space. As Polyhedra Network continues to develop and refine its zkBridge technology, the potential for more advanced and seamless cross-chain interactions grows. The development is important not only for Polyhedra Network and Trust Wallet users but also for the broader blockchain community, as it represents a step toward a more interconnected and efficient digital world.

Looking ahead, the focus for Polyhedra Network will be on expanding its partnerships and continuing to innovate in the field of blockchain interoperability. The goal is to create a network where assets can be transferred not only securely and efficiently but also in a way that is transparent and accessible to all users. As the blockchain industry continues to evolve, initiatives like the integration and the ongoing development of zkBridge technology will play a crucial role in shaping the future of digital asset management and blockchain technology as a whole.

Conclusion

The integration of Trust Wallet into Polyhedra Network marks a significant milestone in the journey towards a more secure, efficient, and interconnected blockchain ecosystem. By combining the security features of Trust Wallet with the innovative zkBridge technology of Polyhedra Network, the collaboration is set to revolutionize the way users interact with and manage their digital assets. As the blockchain world continues to grow and evolve, partnerships like it will be instrumental in driving forward the vision of a fully integrated and user-friendly blockchain environment.