Tether, the company behind the world’s largest stablecoin USDT, has announced a strategic expansion into artificial intelligence, as reported by the company on March 26. With a market cap of $104 billion, Tether aims to lead the development of open-source, multimodal AI models and integrate AI solutions into market-driven products. The move comes amid growing The post Tether enters AI race with pledge to build open-source LMMs to combat Big Tech appeared first on CryptoSlate.

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned 13 entities and two individuals for operating in the financial services and technology sectors of the Russian economy, including those developing or offering services in virtual assets that reportedly enable the evasion of US sanctions, as reported by the Treasury Department The post United States OFAC places new sanctions on crypto firms with ties to Russia appeared first on CryptoSlate.

Recent EU anti-money laundering regulations (AMLR) have sparked a heated debate about balancing combating financial crime and preserving citizens’ rights to privacy and economic freedom. The new laws, approved by most of the EU Parliament’s lead committees, have drawn criticism and support from various stakeholders. Following an article from Finbold on March 22, originally titled The post Why anonymous crypto wallets are NOT being banned in the EU appeared first on CryptoSlate.

The Internet Computer Protocol (ICP) appears to be ushering in a new era of decentralized cloud computing innovation, as evidenced by the vibrant ecosystem of developers and projects showcased in the recent CryptoSlate Twitter Space. Hosted by CryptoSlate’s Akiba, the space featured insightful dialogue with key figures from the ICP community, including Isaac from the The post Listen back to Internet Computer community building on Bitcoin ahead of ICPCC24 appeared first on CryptoSlate.

Minima, a layer-1 blockchain focused on Decentralised Physical Infrastructure Network (DePIN) solutions, has announced a novel partnership with Wicrypt, a smart Wi-Fi network that allows users to earn tokens by sharing their Wi-Fi hotspots. The collaboration aims to democratize internet access and make it more affordable for everyone by decentralizing the infrastructure required to provide The post Full blockchain nodes added to smart WiFi routers in DePIN innovation – Exclusive appeared first on CryptoSlate.