Crypto News
Coinbase, NEAR, Others Form Alliance to Develop Open AI Services
A group of big-name crypto and blockchain firms have joined forces to deliver open artificial intelligence (AI) services using combined infrastructure.The Open Agents Alliance (OAA) consists of NEAR AI, the payments and AI arms of crypto exchange Coinbase and an array of other blockchain and AI projects. The aim of the alliance is to "ensure secure, open source, economical, and fair AI access," according to an emailed announcement on Thursday.The participating organizations will offer combined infrastructure, such as AI agent frameworks, cloud hosting and on/off-ramps to fiat and crypto, to allow developers to build and deploy AI tools. Crypto and blockchain projects have been attempting to capture the zeitgeist of the proliferation of AI in the last couple of years...
‘Greed and Stupidity’ Are Killing Crypto Games, Says ‘Mystery Society’ CEO
Ethereum game The Mystery Society is suspending development, and the studio CEO isn’t mincing words about the state of the industry.Source link
SEC Says Most Meme Coins Do Not Qualify as Securities
The U.S. Securities and Exchange Commission (SEC) stated on Feb. 27 that most meme coins do not meet the definition of securities under federal law, exempting them from registration requirements. SEC Clarifies Meme Coins Fall Outside Securities Regulations Meme coins, defined as crypto assets tied to internet culture or trends, derive value primarily from speculationSource link
SEC Publishes Memecoin Stance Reinforcing Hester Peirce’s Comments
The U.S. Securities and Exchange Commission (SEC) is officially washing its hands of memecoins.The federal securities regulator said that memecoins — which it defined as a “type of crypto asset inspired by internet memes, characters, current events or trends for which the promoter seeks to attract an enthusiastic online community to purchase the memecoin and engage in its trading” — are more like collectibles than securities, according to a staff statement from the SEC’s corporate finance division published on Thursday. Because memecoins have “limited or no use or functionality,” they do not meet the definition of a security under the Howey Test and are therefore outside the SEC’s jurisdiction.The statement is a formalization of comments made by Commissioner Hester Peirce — the...
OpenAI Unveils GPT-4.5: Friendliest Model Yet at 1300% the Price
Sam Altman claims the new model "feels like talking to a thoughtful person" but it comes with a hefty price tagSource link