July 18, 2024

Innovation & Tech Today


Buyer’s guide: The Top 50 Most Innovative Products
Credit: Arseny Togulev via Unsplash

Crypto NFT Today: The Latest News in Blockchain, Cryptocurrency, and NFTs: May 24 – 30

Welcome to another edition of Crypto NFT Today! If you enjoy cryptocurrency, NFTs, and riding emotional, and sometimes, sketchy rollercoasters, you’ve come to the right place. So put on some soothing music and let’s go!

US lawmakers raise concerns over AI surveillance of workers

Credit: Lianhao Qu via Unsplash

A group of US senators has sent a letter to the Department of Labor, asking for more information on how artificial intelligence (AI) is being used to monitor and evaluate workers’ performance. 

The letter cites several examples of AI surveillance, such as facial recognition, keystroke logging, and voice analysis, that could potentially violate workers’ privacy and dignity. The senators also express worries about the impact of AI surveillance on workers’ mental health, productivity, and autonomy

They urge the Department of Labor to conduct a comprehensive study on the prevalence and effects of AI surveillance in the workplace, and to update the existing regulations to protect workers’ rights and interests.

Blizzard and Adobe collaborate to create generative AI tools for game development

Blizzard Entertainment, the maker of popular games such as World of Warcraft and Overwatch, has partnered with Adobe to develop generative AI tools that can help create realistic and diverse game content. 

The tools use deep learning models to generate high-quality images, sounds, animations and dialogues based on user input and preferences. The tools aim to reduce the time and cost of game development, as well as to enhance the creativity and diversity of game content. 

Blizzard and Adobe plan to release the tools to the public in the future, allowing game developers and enthusiasts to use them for their own projects. The tools are expected to revolutionize the game industry and create new possibilities for immersive and interactive gaming experiences.

Japan to enforce stricter crypto anti-money laundering measures

Credit: Jezael Melgoza via Unsplash

Japan’s parliament has decided to implement tougher anti-money laundering (AML) procedures for cryptocurrency transactions from June 1, according to a report by Kyodo News on May 23. The move aims to align Japan’s legal framework with global crypto regulations.

A key feature of the new measures is the enforcement of the “travel rule”, which requires any financial institution or exchange processing a crypto transfer greater than $3,000 to pass on customer information to the recipient exchange or institution. The data should include the name and address of the sender and receiver and account information.

The travel rule was discussed by global leaders at the G7 meeting held in Japan in mid-May, with the G7 Committee expressing its support for the travel rule for crypto transactions.

Japan was one of the early adopters of crypto, legalizing it as property. Crypto regulations in Japan are some of the most stringent in the world. Japan’s financial regulator, the Financial Services Agency (FSA), tightened rules on crypto exchanges following major hacks of Mt.Gox and Coincheck.

Move to Earn: How Fitness and Web3 Can Reward You with Tokens

Fitness and Web3 are two of the hottest trends in technology today. But what if you could combine them and earn digital tokens for exercising? That’s the idea behind move to earn, a concept that rewards users with tokens for participating in physical activities. These tokens can then be used to access various benefits, such as games, NFTs, or even cash.

Move to earn platforms are diverse, offering different types of fitness challenges and rewards. Some examples are Sweatcoin, Lympo, and Runtopia, which track your steps and workouts; Cryptorunners and STEPN, which are blockchain-based games that incorporate fitness goals; and Fitcoin and StepChain, which encourage community engagement and social impact.

To choose the right move to earn platform, you should consider your personal preferences, fitness goals, and the value and potential of the tokens offered. You should also look for platforms with active communities and resources to help you stay motivated.

Move to earn can bring many benefits to individuals and society, such as incentivizing healthier lifestyles, promoting community engagement, and creating new economic opportunities. However, there are also some challenges and risks associated with move to earn, such as data security, privacy, and token volatility. Users should be cautious about the information they provide and the platforms they trust.

Move to earn is an exciting development that combines fitness and Web3 in a rewarding way. If you are interested in trying it out, you can start by checking out some of the platforms mentioned above.

U.S. Debt Ceiling Crisis Looms as June 1 Deadline Approaches

The U.S. government is at risk of defaulting on its debts if Congress does not raise the debt ceiling by June 1. The debt ceiling is a limit on how much the federal government can borrow to pay its bills. It currently stands at $31.4 trillion and was reached in January.

If the debt ceiling is not raised, the Treasury Department may start missing payments on its bonds, which are the foundation of the global financial system. This could trigger a stock market crash, a recession, and a loss of value for Americans’ assets and savings.

The debt ceiling crisis could also affect regular Americans in other ways. Medicare payments to doctors and hospitals, federal salaries, government contracts, and school aid may all be delayed or stopped. Interest rates may rise, making it harder to buy a home, a car, or start a business.

The debt ceiling has been raised 78 times since 1960, but the debate has become more partisan and contentious in recent years. President Biden and Republicans in Congress have not reached an agreement on how to raise the limit or address the underlying causes of the national debt,

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By I&T Today

Innovation & Tech Today features a wide variety of writers on tech, science, business, sustainability, and culture. Have an idea? Send it to submit@innotechtoday.com

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