The UK government aims to establish London as a global blockchain hub. Yet, restrictive cryptocurrency policies implemented by major banks appear to contradict these ambitions, according to a recent report by crypto tax software provider Recap. The report reveals the risk-averse approach adopted by banks has led to blanket bans on crypto transactions, impacting businesses The post Revolut identified as the most crypto-friendly UK bank as 38% of crypto investors leave legacy banks – report appeared first on CryptoSlate.

Government ministers from around the globe gathered today for the world’s first-ever summit on artificial intelligence (AI) safety, held at Bletchley Park, the historic site where Alan Turing cracked the Enigma code during World War II. King Charles of England and Wales also delivered remarks, underscoring the urgency of ensuring AI’s safe and ethical development. The post King Charles decrees ‘rapidly advancing AI’ needs to be ‘safe and secure’ at AI Safety Summit appeared first on CryptoSlate.

The Ethereum layer-2 ecosystem continues to expand and diversify, according to Ethereum co-founder Vitalik Buterin in a recent blog post. As new scaling solutions emerge, Buterin predicts increasing heterogeneity in layer 2 designs based on specific security and cost tradeoffs. Rollups, validiums, sidechains, and other layer-2 constructions offer different balances between decentralization, security, and scalability. The post Vitalik Buterin says Ethereum layer-2 solutions will become more diverse and specialized appeared first on CryptoSlate.

Singapore-based Decentralized Cloud Infrastructure (DCI) Aethir has announced its inclusion in the NVIDIA Inception program. The collaboration signifies the rise of decentralized technology as an option to create secure, fast, and cost-effective artificial intelligence (AI) and gaming experiences globally. Aethir’s central product, the Aethir Atmosphere, embodies a GPU-as-a-Service ecosystem, democratizing a novel web3 cloud for The post NVIDIA backs decentralized cloud provider Aethir for future of AI and cloud gaming appeared first on CryptoSlate.

In a swift resolution of a potentially disruptive issue, Frax Finance, the decentralized stablecoin project, has regained control over its primary domains, as reported by the company’s Founder, Sam Kazemian, on his X feed. The initial concern was raised by Kazemian through a post on Oct. 31, urging users to refrain from using frax.finance and The post Frax Finance regains control over domains after potential security breach, investigation underway appeared first on CryptoSlate.