Crypto NFT Today: The Latest Blockchain, Cryptocurrency and NFT News: May 24 – 30
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Welcome to another edition of Crypto NFT Today! If you enjoy cryptocurrency, NFTs, and riding emotional, and sometimes sketchy, roller coasters, you’ve come to the right place. So put on some soothing music and let’s go!
US lawmakers raise concerns over AI surveillance of workers
A group of US senators has sent a letter to the Labor Department, asking for more information about how artificial intelligence (AI) is used to monitor and evaluate workers’ performance.
The letter cites several examples of AI surveillance, such as facial recognition, keystroke logging and voice analysis, which could potentially violate workers’ privacy and dignity. The senators also express concerns about the impact of AI surveillance on workers’ mental health, productivity and autonomy.
They call on the Ministry of Labor to conduct a comprehensive study on the prevalence and effect of AI surveillance in the workplace, and to update existing regulations to protect workers’ rights and interests.
Blizzard and Adobe are collaborating to create generative AI tools for game development
Blizzard Entertainment, maker of popular games such as World of Warcraft and Overwatch, has partnered with Adobe to develop generative AI tools that can help create realistic and diverse game content.
The tools use deep learning models to generate high-quality images, sounds, animations and dialogues based on user input and preferences. The tools aim to reduce the time and cost of game development, as well as increase the creativity and diversity of game content.
Blizzard and Adobe plan to release the tools to the public in the future, so game developers and enthusiasts can use them for their own projects. The tools are expected to revolutionize the gaming industry and create new opportunities for immersive and interactive gaming experiences.
Japan to enforce stricter anti-money laundering measures
from June
Japan’s parliament has decided to implement tougher anti-money laundering (AML) procedures for cryptocurrency transactions starting June 1, according to a report by Kyodo News on May 23. The move aims to align Japan’s legal framework with global crypto regulations.
A key feature of the new measures is the enforcement of the “travel rule,” which requires any financial institution or exchange processing a crypto transfer of more than $3,000 to pass on customer information to the receiving exchange or institution. The data must contain the name and address of the sender and recipient and account information.
The travel rule was discussed by global leaders at the G7 meeting held in Japan in mid-May, where the G7 committee expressed its support for the travel rule for crypto transactions.
Japan was one of the early adopters of crypto, legalizing it as property. Crypto regulations in Japan are some of the strictest in the world. Japan’s financial regulator, the Financial Services Agency (FSA), tightened the rules for crypto exchanges after major hacks of Mt.Gox and Coincheck.
Move to Earn: How Fitness and Web3 Can Reward You with Tokens
Fitness and Web3 are two of the hottest trends in technology today. But what if you could combine them and earn digital tokens for exercising? That’s the idea behind move to earn, a concept that rewards users with tokens for participating in physical activities. These tokens can then be used to access various benefits such as games, NFTs or even cash.
The move to earn platforms are different, offering different types of training challenges and rewards. Some examples are Sweatcoin, Lympo and Runtopia, which track steps and workouts; Cryptorunners and STEPN, which are blockchain-based games that include training goals; and Fitcoin and StepChain, which encourage community engagement and social impact.
To choose the right move to earn platform, you should consider your personal preferences, training goals and the value and potential of tokens offered. You should also look for platforms with active communities and resources to help you stay motivated.
Moving to earn can bring many benefits to individuals and society, such as encouraging healthier lifestyles, promoting community involvement and creating new economic opportunities. However, there are also some challenges and risks associated with moving to earn, such as data security, privacy and token volatility. Users should be careful about the information they provide and the platforms they trust.
Move to earn is an exciting development that combines fitness and Web3 in a rewarding way. If you’re interested in trying it out, start by checking out some of the platforms mentioned above.
The US debt ceiling crisis is approaching the June 1 deadline
The US government is in danger of defaulting on its debt if Congress does not raise the debt ceiling by 1 June. The debt ceiling is a limit on how much the federal government can borrow to pay its bills. It currently stands at $31.4 trillion and was reached in January.
If the debt ceiling is not raised, the Treasury could start missing payments on its bonds, which are the foundation of the global financial system. This could trigger a stock market crash, a recession and loss of value for Americans’ assets and savings.
The debt ceiling crisis may also affect ordinary Americans in other ways. Medicare payments to doctors and hospitals, federal salaries, government contracts and school aid can all be delayed or stopped. Interest rates may rise, making it more difficult to buy a home, car or start a business.
The debt ceiling has been raised 78 times since 1960, but the debate has become more partisan and contentious in recent years. President Biden and Republicans in Congress have not agreed on how to raise the limit or address the underlying causes of the national debt,
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