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UK seeks feedback on AI’s use of copyrighted material in training
One of four policy proposals floated by the UK in an AI and creative industry consultation would see AI firms allowed to use copyrighted material without the rights holders’ permission.
The United Kingdom’s government has launched a consultation with the artificial intelligence and creative industries on possible legal frameworks for AI models to train on copyrighted material.
In the Dec. 17 proposals, the UK government floated various possible policies on which the AI and creative industries may provide feedback until Feb. 25, 2025.
Secretary of State for Science, Innovation and Technology Peter Kyle said in a statement that uncertainty about how copyright law applies to AI is holding back both sectors from reaching their full potential.
“It’s clear that our current AI and copyright framework does not support either our creative industries or our AI sectors to compete on the global stage,” he said.
The UK’s consultation comes as many AI companies face backlash over accusations that they’ve stolen intellectual property to help train their AI models.
One of the four policy options would let AI companies use copyrighted material without the rights holders’ permission and permit commercial use for any purpose subject to few or no restrictions.
Another option would allow companies to freely use copyrighted material to train AI models, unless creative professionals and companies opted out. Read More
Phishing scammers spoof Ledger’s email to send bogus data breach notice
Scammers are spoofing support emails for hardware wallet maker Ledger, prompting users to share their seed phrases.
Ledger users have reported that phishing scammers are spoofing the crypto hardware wallet provider’s support emails in a bid to trick users into revealing their wallet keys.
The bogus emails claim Ledger suffered a “recent data breach” and encourages recipients to verify their private seed phrase under the guise of needing to “safeguard” their assets, according to screenshots shared on X and a Dec. 17 BleepingComputer report.
The email appears to be from Ledger’s legitimate support email, but BleepingComputer reports it was actually sent through an email marketing platform.
The email leads to a Ledger-branded website that appears legitimate and prompts visitors to “verify your Ledger,” falsely claiming to check if their device has been compromised.
The prompt opens a popup that asks to enter a seed phrase, a combination of words that, if shared, would give the scammers full control over the wallet and allow them to drain its funds. Read More
Wyoming Senator Cynthia Lummis: '2025 Will Be the Year for Bitcoin and Digital Assets’
Wyoming Senator Cynthia Lummis, known as the "Bitcoin Senator," has identified 2025 as a pivotal year for Bitcoin and crypto, with several proposed policies and key government positions expected to converge and spur change.
“With David Sacks as Crypto Czar, this will be the most pro-digital asset administration ever," Lummis wrote on X. “I look forward to working closely with [Sacks] to pass comprehensive digital asset legislation and my strategic bitcoin reserve.”
Earlier this month, Donald Trump appointed venture capitalist Sacks to oversee artificial intelligence and crypto policy initiatives next year.
The President-elect has promised to protect domestic crypto mining interests, shore up regulation, and make the U.S. the “crypto capital” of the world.
On the last two points, Sacks will “work on a legal framework, so the crypto industry has the clarity it has been asking for and can thrive in the U.S,” Trump said on December 6. Read More
ISLAND: Everything You Need to Know About the ‘Nifty Island’ Ethereum Token and Airdrop
Ethereum gaming platform Nifty Island has launched its ISLAND token. Here’s what you need to know about the airdrop, tokenomics, and more.
Nifty Island embraced a wide array of established communities in Web3 to help expand its Roblox-style metaverse game.
Now it’s rewarding them.
The project, which pioneered the now-popular “play-to-airdrop” campaign, just launched ISLAND, an Ethereum-based utility token that serves as the ecosystem token for its in-game economy.
ISLAND is the native token of the Nifty Island ecosystem, offering holders “in-game utility and demand drivers” to help power its creator-focused gaming metaverse.
ISLAND has a total supply of one billion tokens and launched on the Ethereum blockchain as an ERC-20 token.
The token will make use of LayerZero's omnichain technology, which will enable it to be utilized on Ethereum layer-2 network Base, in addition to Solana down the road. Read More
Exploring The IndoEx Cryptocurrency Exchange The First Trading Platform To List The Markethive Token - Hivecoin
The IndoEx exchange aims to cater to a broad spectrum of investors, including newcomers, seasoned traders, and institutional investors, rather than focusing on a specific target audience like most crypto trading platforms. The platform's primary objective is to offer a robust and efficient infrastructure that enables seamless and rapid transactions of crypto assets.
As the IndoEx trading platform is the first crypto exchange to list Hivecoin, this article delves deeper into the platform, exploring it further to bring awareness to the Markethive community. Since its establishment in 2019, IndoEx has gained prominence in the alternative cryptocurrency trading sector due to its reasonable commissions, secure wallets, high trading volume, and fast transactions.
The trading platform, with offices in the United Kingdom and Estonia, provides close to 300 trading pairs, can be used in 150 different countries, and supports a range of cryptocurrencies, including popular ones such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), and Ripple (XRP), as well as notable alternative coins like DASH, Chainlink (LINK), and Solana (SOL). Furthermore, it accommodates less mainstream coins and tokens like NEO, Cardano (ADA), and EOS, amounting to 180 cryptocurrencies. Users can exchange these coins for traditional currency or trade them with one another.
The platform provides users exclusive access to newly launched tokens through airdrops, giving them a head start in discovering and acquiring new tokens with the potential for long-term growth. Beyond trading, users can also benefit from receiving free tokens that may significantly impact the global market. Furthermore, the platform hosts trading contests and an initial coin offering (ICO) launchpad, offering crypto enthusiasts a comprehensive suite of features. Read More
Bitwise launches Solana staking ETP in Europe amid US approval delays
Bitwise’s new Solana staking ETP enters the European market with competitive rewards and low fees.
Crypto index fund manager Bitwise has launched a Solana staking exchange-traded product (ETP) in Europe with the stock ticker BSOL while it awaits registration approval in the United States for its Solana exchange-traded fund (ETF) offering.
According to a Dec. 18 news release, Bitwise has listed its Solana (SOL)-based crypto-staking ETP on the Frankfurt Stock Exchange’s Xetra trading venue in partnership with a self-custodial automation tool, Marinade.
Speaking to Cointelegraph, Matthew Hougan, the chief investment officer of Bitwise Asset Management, explained that the Bitwise Solana Staking ETP (BSOL) is designed to deliver the best possible outcomes for investors looking to earn rewards from SOL staking in addition to getting exposure to price movements in SOL.
The new ETP offers an annual percentage yield (APY) of 6.48% for stakers, outpacing its European competitors like 21Shares, which offers 5.49%. Hougan told Cointelegraph:
“BSOL significantly outperforms competitor products in terms of providing the highest staking returns with the lowest cost of ownership.“ Read More
Ohio lawmaker introduces Bitcoin reserve bill allowing state to buy BTC
Ohio has become the third US state, behind Texas and Pennsylvania to see bills introduced to establish Bitcoin reserves as part of the state treasury.
An Ohio House of Representatives member has introduced a bill to establish a Bitcoin fund in the state’s treasury, marking the third US state to do so in just over a month.
Ohio House Republican leader Derek Merrin on Dec. 17 introduced HB 703, tentatively titled the Ohio Bitcoin Reserve Act, which would give the state treasurer authority to purchase Bitcoin as part of “proper asset allocation,” though it would not require it.
“The U.S. Dollar is being rapidly devalued, and our State Treasurer should have the authority and flexibility to invest in Bitcoin when determining proper asset allocation,” Merrin said in a statement. “Ohio must embrace technology and protect tax dollars from eroding.”
Merrin said he anticipates the bill will be used as a framework in Ohio’s next legislative session, as it was introduced just two weeks before the end of the 135th General Assembly, scheduled to adjourn on Dec. 31. Read More
Modular blockchain to scale Bitcoin and integrate AI, reinforcing security and finality
New roadmap scales Bitcoin with AI-driven DeFi and governance, ensuring finality and security anchored in proof-of-work fundamentals.
Gone are the days of manual processes in financial decision-making — the impact of artificial intelligence can be easily felt in a broad range of areas, from capital allocation to the governance of decentralized autonomous organizations (DAOs).
The modern financial system continues to reap the benefits of this exciting new technology: AI agents take on roles as venture investors, treasury managers, and even autonomous strategists. As AI slowly takes over the narrative in business chambers, the need for trust and security frameworks becomes evermore crucial.
Within the scope of Web3 and decentralized finance (DeFi), AI agents require an environment fortified against manipulation and fraud. To keep the Web3 space secure and versatile as AI grows in DeFi, Syscoin — a modular blockchain powered by Bitcoin — has announced an expansive roadmap intended to broaden the capabilities of the Bitcoin ecosystem and integrate emerging AI technologies.
A legacy built on Bitcoin security:
Founded in 2014, Syscoin is deeply integrated with the Bitcoin network. As a platform merged-mined by a significant portion of Bitcoin’s miners, Syscoin combines the renowned security of Bitcoin with its proprietary framework to deliver scalable, modular solutions for Web3.
Over the past decade, Syscoin has sought to maintain and refine Bitcoin’s underlying ethos of trustlessness while overcoming some of its practical limitations. The newly announced roadmap signals that advanced performance and functionality can be introduced without compromising the security and reliability that have made Bitcoin the benchmark for DeFi. Read More
XRP Community Gains New Rewards With Ripple's RLUSD Stablecoin Launch
Ripple’s RLUSD stablecoin debuts on Uphold, offering rewards and exclusive benefits, solidifying its role in digital payments and boosting value for XRP investors.
Uphold, a leading Web3 financial platform, has confirmed that Ripple’s new USD-backed stablecoin, RLUSD, will be fully accessible on its platform starting Dec. 18. In addition to its launch, RLUSD will be integrated into Uphold’s Rewards Center program in January 2025, enabling users to earn incentives for holding the stablecoin.
Simon McLoughlin, CEO of Uphold, highlighted the company’s enthusiasm for Ripple’s innovation, stating:
It’s no secret that we’ve been big supporters of the XRP community, and the innovation Ripple has brought to the industry.
“RLUSD is poised to play a significant role in the evolution of digital payments, enterprise finance, and beyond, and we are proud to be among the initial launch partners of Ripple’s first-ever stablecoin solution,” he added.
Ripple’s RLUSD is issued under the New York Trust Company Charter and has been approved by the New York Department of Financial Services (NYDFS). The stablecoin is backed 1:1 by USD reserves and cash equivalents, with third-party audits conducted monthly to ensure transparency. Designed for institutional and cross-border use, RLUSD features enterprise-grade security, and its smart contracts have undergone independent audits. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
Featured Image Source: Pixabay
