MINE.exchange has compiled the latest Web3 news from the past week you might have missed.
- French authorities are investigating a series of kidnappings targeting crypto entrepreneurs: in one case, a victim’s finger was cut off, and in another, the daughter of the Paymium exchange CEO was nearly abducted. The Interior Minister has promised stronger protections for the industry.
- The largest U.S. crypto exchange, Coinbase, has suffered a cyberattack: hackers bribed overseas customer support agents to gain access to client data and are demanding $20 million in bitcoin, threatening to leak the information.
- New SEC chairman Paul Atkins announced plans to modernize crypto regulation, including clear definitions for digital assets, simplified registration procedures, and expanded options for custody and trading.
- Meta has postponed the launch of its flagship AI model Behemoth: despite investing $72 billion, the model failed to meet performance expectations, causing internal disappointment and possible leadership changes.
- Microsoft laid off around 6,000 employees, including AI director for startups Gabriela de Queiroz — the second-largest round of layoffs in the company’s history, reflecting major strategic shifts.
- China has begun assembling an orbital supercomputer: the first 12 out of 2,800 satellites with onboard AI models have been launched. The system will process data in space at 5 POPS, supporting applications from scientific analysis to emergency response.
- Sir Elton John harshly criticized the UK government’s plans to let AI companies use copyrighted material without permission, calling it “large-scale theft” and urging protection of artists’ rights.
- Republicans in the U.S. House of Representatives have proposed a 10-year moratorium on state-level AI regulations, aiming to centralize oversight at the federal level. The initiative sparked debate between innovation advocates and consumer protection proponents.
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