Charles Hoskinson, the founder of Cardano, is worried that big tech companies are controlling AI systems to censor information and train them in a biassed way.

Charles Hoskinson is a blockchain pioneer and founder of Cardano, a leading cryptocurrency blockchain network. He also co-founded Ethereum with some top talents and is known for his contributions to blockchain technology and decentralised systems.

On 1 July 2024, Cardano founder Charles Hoskinson took to X (formerly Twitter) to show his disappointment with censored AI chatbots. 

Hoskinson described AI censorship’s implications as “profound” and worrying, arguing that AI systems are losing their utility over time due to “alignment” training.

According to Hoskinson, AI censorship means certain knowledge is being withheld from children, controlled by a small, unaccountable group of people.

Hoskinson highlighted that major AI companies like OpenAI, Microsoft, Meta, and Google are controlled by a small group of people who decide the information these AI systems are trained on, and they can’t be “voted out of office.”

Hoskinson demonstrated AI censorship concerns by asking OpenAI’s ChatGPT and Anthropic’s Claude the same question about building a Farnsworth fusor. Both chatbots provided brief overviews and warnings about the dangers, with ChatGPT suggesting only experts should attempt it and Claude refusing to give instructions due to potential risks. This showed how AI systems restrict information, supporting Hoskinson’s argument that AI should be open-sourced and decentralised to prevent control by Big Tech.

Elon Musk vs AI technology 

The world’s richest person, Elon Musk, has also been a major critic of AI technology. In the past, Musk has frequently called AI a dangerous technology for humanity.

However, Musk runs his own AI technology firm, XAI, but he has criticised OpenAI’s popular chatbot ChatGPT for its censored responses on several controversial topics.

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Circle has obtained an EMI licence and ensured compliance of its USDC and EURC stablecoins with the EU’s new regulations, making them available to European crypto customers from July 1.

Circle is a blockchain fintech company that provides financial services, including managing stablecoins like USDC (USD Coin). USDC is a cryptocurrency tied to the US dollar, offering stability and liquidity in the crypto market. It’s used for trading, remittances, and other transactions in the crypto space.

On 1 July 2024, Circle announced that it has achieved a significant milestone by becoming the first global stablecoin issuer to secure an Electronic Money Institution (EMI) licence. 

This licence is crucial for offering dollar- and euro-pegged crypto tokens (called stablecoins) in the European Union under the new MiCA regulatory framework. With this achievement, Circle aims to expand its market share across the EU, which includes 450 million people, positioning itself ahead of competitors like Tether’s USDT.

Binance has expressed full support for USDC stablecoin in the EU following Circle’s announcement that it has been authorized to issue USDC as a MiCA-compliant e-money token (“EMT”). This ensures USDC will remain available across most of Binance’s product offerings.

It will be interesting to see the next development in the race by the top stablecoin issuer Tether (USDT). Although they have already stated that EU MiCA rules pose a challenge to their stablecoin, it will still be intriguing to observe the next move by Tether’s leadership.

Recently, Tether also ceased minting its stablecoin on the EOS and Algorand blockchain networks citing lack of demand.

Willemstad, Curaçao, Netherlands, June 27th, 2024, Chainwire

Cloudbet, a leading cryptocurrency casino and sportsbook, announced the integration of Ethena USDe (sUSDe) and ENA. By integrating sUSDe on the platform, bettors have now the chance to receive returns even when their funds are not being wagered.

The move introduces a new level of financial flexibility and efficiency for Cloudbet users. Traditionally, when users deposit funds into their gambling accounts, those funds remain idle until they place their bets. Cloudbet’s integration of sUSDe, the staked version of the algorithmic stablecoin USDe, has entirely shifted the paradigm of betting, setting a new standard for user-centric innovation.

“Whether a user is betting or taking a break, their sUSDe continues to earn a yield,” says a Cloudbet spokesperson, “Users can potentially offset their betting costs or enhance their bankroll, generating value beyond their betting activities on the platform.”

Cloudbet’s decision to integrate Ethena’s USDe, sUSDe, and ENA comes after a thorough evaluation of the current cryptocurrency landscape and in consultation with the crypto community at large. After speaking with several prominent voices at the forefront of the digital currency world, it became imperative to give this opportunity. 

The decision to include Ethena tokens and ENA, the governance token for the Ethena protocol which launched at $0.55 in April 2024, is indicative of the platform’s proactive, crypto-native approach to developments in the space.

“We, like much of the crypto community, were attracted to Ethena and the concept of the Internet Native Yield,” says the Cloudbet spokesperson, “USDe’s underlying mechanics provide an advantage over the most popular stablecoins, in that users can stake USDe to obtain sUSDe and gain access to the protocol’s generated yield*. It gives Cloudbet users a superior advantage over other bettors – so it was, obviously, a high-priority item in the product roadmap.”

*As of June 27, 2024, the sUSDe yield is 10.1%.

Furthering its commitment to crypto-friendly online gaming, Cloudbet also expanded its support to multiple blockchain networks, including TON and Base.

About Cloudbet

Cloudbet is a proud pioneer of crypto betting. 

Since its launch in 2013, as the world’s first crypto-friendly sportsbook and casino, Cloudbet has served hundreds of thousands of users and taken millions of bets, establishing a reputation as the most trusted, secure, and VIP-friendly brand in crypto gaming. 

Cloudbettors can bet with 30+ cryptocurrencies, from Bitcoin, Ethereum, and stablecoins like USDC and USDT, to SOL and other popular altcoins. The site is available in 18 languages (including Spanish, German, Italian, French and Japanese). 

For media inquiries, odds, and insights, users can contact media@cloudbet.com.  

Contact

Irene
Halcyon Super Holdings B.V.
irene@cloudbet.com