Crypto Weekly: when crypto met AI
STORY: From what happens when crypto meets AI, to why Coinbase is turning up the heat on regulators,
here’s the week’s big stories in the world of virtual money.
Amid the hype over Microsoft-backed ChatGPT, the crypto world has caught the AI bug too.
Trading volumes have surged for coins that connect artificial intelligence and the blockchain.
That includes tokens like Fetch.AI and Render.
Such coins cover services from payments to trading, and fans say investment returns are soaring.
But skeptics say the sector is no stranger to overzealous claims.
Coinbase is pushing U.S. watchdogs to write new rules for the sector.
The exchange has filed a petition to compel the SEC to lay down some clear laws for crypto.
Coinbase and other firms say they are fed up with facing enforcement actions without really knowing how current laws apply to their business.
And the European Parliament has overwhelmingly backed the EU’s first set of rules on regulating crypto markets.
From mid-2024, firms that issue and trade tokens will have to be licensed by national regulators.
They’ll also have to disclose their energy consumption.
The EU is urging other countries to adopt its model.
