Unprecedented UN Security Council Meeting to discuss AI’s Threats and Advantages, Set for July 18

On July 18, the United Nations Security Council is slated to hold an inaugural discussion on the dual-edged sword of artificial intelligence (AI) — its potential perils and merits regarding global peace and security. The United Kingdom, which presently presides over the council, has taken the initiative in organizing this pivotal meeting. The agenda encompasses contributions from AI experts worldwide, coupled with a keynote speech by UN Secretary-General Antonio Guterres, who has lately accentuated the gravity of AI’s potential menace, drawing parallels with the dangers of nuclear conflict.

The meeting will focus on the potential threats posed by AI, a technology that has seen rapid advancements and widespread adoption in recent years. While AI has the potential to drive economic growth and societal progress, concerns have been raised about its potential misuse and the implications for international security.

The United Kingdom, which is organizing the meeting, has been a vocal advocate for addressing the challenges posed by AI. The country’s ambassador to the United Nations, Dame Barbara Woodward, has previously spoken on the subject at the Security Council.

The move to discuss AI at the Security Council reflects a broader trend of increasing attention to the technology at the highest levels of international governance. United Nations Secretary-General Antonio Guterres has previously warned about the potential for AI to be used in warfare and called for more robust international norms and regulations.

The upcoming meeting is expected to bring together a diverse range of stakeholders, including representatives from governments, the tech industry, and civil society. The discussions will likely touch on a range of issues, from the ethical use of AI to the need for international cooperation in managing the technology’s impact.

The meeting marks a significant step in the global conversation about AI and its implications for international peace and security. It underscores the need for collective action and dialogue to ensure that AI is used responsibly and that its benefits are shared widely, while its risks are managed effectively.


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Haru Invest Provides Update on Current Situation Amidst Investigation into B & S Holdings

Haru Invest, a prominent investment firm, has released an update regarding the ongoing investigation into B&S Holdings and its efforts to recover assets. The company has been fully cooperating with investigative authorities, although no specific details about the progress of the investigation have been disclosed yet.

The firm is also focusing on the recovery of assets under management, separate from B&S holdings. Haru Invest aims to minimize losses and expects to recover these assets within a few weeks. In addition, the company is preparing a list of potential salable assets, with the goal of minimizing value loss during the sale process. This process is expected to take some time, and the company is considering selling its assets in phases.

Haru Invest is also working on organizing a database to clearly identify the credits and debts of its users. Once the amount of losses is confirmed and the asset distribution plan is finalized, the company plans to distribute the assets in phases. However, due to limited information on the exact amount of losses, the firm has not provided a specific timeline for this distribution.

The company has committed to providing weekly updates to its members, even if there are no major updates on the current situation. Haru Invest has also reassured its users that their legal rights will be equally protected, regardless of whether they belong to a class-action lawsuit group or not.

Haru Invest’s CEO, Hugo Lee, expressed his deepest regret for the inconvenience caused to investors and affirmed the company’s commitment to improving the situation.


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Crypto Miner HIVE Blockchain Rebrands to Drive AI Expansion

HIVE Blockchain Technologies Ltd. has declared its plan to strategically rebrand, including a transition to the new name “HIVE Digital Technologies Ltd.” This rebranding initiative is designed to mirror the company’s progression into the realm of high-performance computing (HPC) data centres, utilizing Nvidia’s superior Graphics Processing Unit (GPU) chips to tap into the burgeoning trend of widespread adoption in the field of Artificial Intelligence (AI).

Established in 2017, HIVE has been an innovative leader in the domain of cryptocurrency mining. The upcoming name change signifies a major strategic shift to exploit the capabilities of green energy data centres and GPU Cloud computing technology, an indispensable resource in the sphere of AI, machine learning, and sophisticated data analysis.

At present, the company’s common shares are traded on the TSX Venture Exchange (TSXV) and the Nasdaq Capital Market under the ticker “HIVE”. The company has confirmed that there will be no changes to its trading symbols nor will there be any consolidation of share capital associated with the name change. The implementation of the name change is anticipated around July 12, 2023, pending receipt of all necessary regulatory approvals.

The rebranding will not impact the company’s share or warrant structure or the rights of its security holders. Existing security holders are not required to take any further action. All current share certificates or warrant certificates will continue to represent the shares or warrants of HIVE Digital Technologies Ltd. without the need for any additional action by holders post the name change.

In a separate announcement, the company has rectified an earlier understatement of the number of Bitcoin equivalent mined during the year by 792. The accurate figures for Bitcoin equivalent should have been 4,295, not the previously reported 3,503.

Furthermore, the company disclosed that its Board of Directors has sanctioned the grant of 620,000 incentive stock options, which can be exercised into an equivalent number of the company’s common shares at a price of C$6.86 per share for a duration of five years. These grants, made to the company’s employees, officers, and consultants, are subject to specific vesting requirements.

HIVE Blockchain Technologies Ltd. made its public debut in 2017 as the inaugural cryptocurrency mining company to be listed for trading on the TSX Venture Exchange, with a strong emphasis on sustainable green energy. The company operates advanced, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where it harnesses green energy to mine digital assets like Bitcoin on the cloud.


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Elon Musk Foresees an AI-Dominated Future, Believes China will Command Significant AI Capabilities

Elon Musk, CEO of Tesla, opened up about the future of artificial intelligence (AI) and autonomous driving during his virtual address at the World AI Conference in Shanghai on July 6, 2023. Musk expressed a willingness to share Tesla’s self-driving technology to foster industry growth. In addition, Musk recognized the impactful contributions of skilled Chinese professionals in the AI sector, forecasting a future where China emerges as a dominant force in artificial intelligence.

Musk anticipates a future ruled by AI, where the balance could tip towards machines outnumbering humans, ushering in a period of unprecedented prosperity. Tesla’s humanoid robots, currently in development, are expected to relieve humans from mundane and dangerous tasks, requiring no exceptional intelligence to do so.

One key application of AI is in autonomous vehicles. Musk reaffirms Tesla’s readiness to license its technology to other automakers, enabling them to liberate their customers from the tedium of driving and granting them more freedom and time. By improving vehicle utilization rates, autonomous cars can transform usage patterns, a revolution Musk hopes to catalyze by sharing such technologies more widely.

Tesla’s self-driving technology is approaching full autonomy, with little human intervention required in the US road tests. Musk is optimistic about achieving Level 4 or Level 5 autonomous driving capabilities by the end of the year.

The CEO also touched upon Artificial General Intelligence (AGI), a smarter-than-human level of AI, and the idea of a regulated “Artificial Super Intelligence” (ASI) created from thousands or millions of advanced computers. Despite the risks associated with this superintelligence, Musk urges everyone to work towards ensuring a positive future.

Expressing admiration for the intelligence and talent in China, Musk is confident that the nation will excel in AI along with other sectors, ensuring a powerful AI capacity in the future. He concluded by expressing gratitude for the invitation to the conference and looking forward to future interactions


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What is Real World Assets (RWA)?

1. Introduction

Real World Assets (RWA) are those that possess inherent value, are tangible or physical in nature, and reside in the physical world. The spectrum of RWA is broad and includes everything from tangible items like real estate properties, wine, commodities, artwork, and vehicles, to contractual or legal rights such as patents and copyrights. These assets often constitute the foundation of financial portfolios in various investment contexts. They function as loan collateral and serve as primary investment targets for both institutional funds and individual investors.

2. Classification of Real World Assets

Tangible Assets

These are physical assets that have a real, intrinsic value due to their substance and properties. Examples include real estate, machinery, commodities (like gold and oil), vehicles, and physical works of art.

Intangible Assets

These are non-physical assets that have value based on contractual or legal rights. They often involve some form of intellectual property. Examples include patents, copyrights, brand names, and trademarks.

3. Applications of Real World Assets

Traditional Investing

RWA play an integral part in traditional investing strategies. For many investors and investment funds, RWAs such as real estate, commodities, or artwork provide a way to diversify portfolios beyond traditional stocks and bonds. For instance, real estate properties can provide steady income through rent, commodities can serve as a hedge against inflation, and artworks can appreciate in value over time.


In the realm of lending, Real World Assets (RWA) frequently act as guarantees to bolster loans. When a Real World Asset (RWA) secures a loan, it decreases the possible risk for the lender. In the event of a borrower’s default, the lender possesses the authority to seize and sell the asset to recover the value of the loan. Common instances where RWAs serve as collateral include home mortgages, where the property itself guarantees the loan, and auto loans, where the financed vehicle stands as the collateral.

Tokenization and Decentralized Finance (DeFi)

Blockchain technology enables the tokenization of RWA, allowing these assets to be represented digitally. Tokenization permits fractional ownership, reducing the barrier to entry and providing increased liquidity. Investors can buy and sell fractions of a property or artwork, for example, instead of the entire asset. Additionally, these tokenized assets can be incorporated into decentralized finance (DeFi) platforms, creating avenues for lending, borrowing, and earning interest in a peer-to-peer manner.

4. Advantages of Real World Assets


Investing in RWA can help diversify a portfolio as their value is often not directly tied to the performance of financial markets. By incorporating RWA into their portfolios, investors can potentially hedge against market volatility in stocks and bonds.


Certain types of RWA, such as real estate and commodities, often provide a measure of stability and can act as a store of value. They can provide a buffer against inflation, especially during times of economic uncertainty.

Income Potential

Several types of RWA, such as rental properties or investments in infrastructure projects, can generate a steady income stream over time, providing both capital appreciation and income.

5. Challenges of Real World Assets


One of the primary challenges with RWA is that they can be difficult to convert into cash quickly without incurring substantial costs. This illiquidity can be a barrier for investors needing to quickly adjust their portfolios or access cash.

Maintenance Costs

Many RWA require significant maintenance and management. For example, real estate properties require upkeep, machinery may need regular servicing, and even intellectual property rights need to be defended legally, all of which can add to the cost of owning these assets.

Regulatory Challenges

The regulatory landscape forthe tokenization of RWA and their integration into DeFi platforms can be complex. As tokenization often falls into a grey area in many jurisdictions, it may be subject to evolving regulatory frameworks and legal considerations.

6. Evolution of Real World Assets: Blockchain and DeFi

The emergence of blockchain technology coupled with Decentralized Finance (DeFi) is transforming our engagement with Real World Assets (RWA). Through the process of tokenization, tangible assets are partitioned into numerous tokens, each of which can be independently traded. This innovative approach promotes fractional ownership, thereby enhancing liquidity and opening doors to a more diverse pool of investors to partake in asset ownership.


Tokenization is the process of converting the rights to a RWA into a digital token on a blockchain. For instance, a real estate property can be tokenized into multiple units, and these digital tokens can be bought or sold, representing fractional ownership in the property.

DeFi and RWA

Tokenized RWA can also be integrated into DeFi platforms. This application provides new avenues for lending, borrowing, and earning interest in a peer-to-peer manner. For example, a token representing ownership in a property can be used as collateral for a loan on a DeFi platform. Similarly, owners of tokenized assets can earn yield by participating in DeFi protocols.

7. Conclusion

Real World Assets are integral components of the global economy, serving dual roles as investment platforms and as security for loans. The introduction of blockchain technology is swiftly altering our interaction dynamics with these assets. Tokenization carries the promise of making these assets accessible to a broader population, thereby transforming the financial arena and paving the way for novel avenues in investment and wealth generation.


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Ethereum Price Analysis: Navigating the Consolidation Phase

The current uptrend in Ethereum’s price began on June 15, 2023, when the price was at a low of $1626. Following this low point, Ethereum began to rise, and by June 19, the 5-day MA crossed above the 10-day MA for the first time, signaling a bullish trend. Since this crossover, the 5-day MA, currently around $1930, has not crossed below the 10-day MA, which stands at approximately $1908. Whenever the 5-day MA has touched the 10-day MA, Ethereum’s price has bounced back, indicating that the 10-day MA is a strong support level and that Ethereum remains in an uptrend.

However, the 4-hour chart tells a different story. The highest prices for Ethereum have been progressively lower, indicating a downtrend on this timeframe. This divergence between the daily and 4-hour charts suggests that the market is at a critical juncture.

Further, bearish divergence in both the RSI and MACD on the daily chart suggests that the uptrend is losing momentum and may even reverse. These crypto trading signals strongly indicate a potential shift in market dynamics.

Source: Binance

As for the ETH/BTC trading pair, it has been weak recently, even as Bitcoin’s price has been in an uptrend. This suggests that Ethereum’s performance, currently priced at 0.06277 BTC, has been lagging compared to Bitcoin. At present, the ETH/BTC pair is trading below the 5-day MA but above the 10-day MA, indicating a period of consolidation.

In conclusion, our Ethereum price analysis suggests a period of consolidation with minor fluctuations, between the 10-day MA and $1937. Traders should closely monitor key support and resistance levels, currently at around $1850 and $1950 respectively, for potential breakout or breakdown scenarios. As Ethereum’s price currently stands at $1912.41, staying updated with the latest market movements is essential for making informed trading decisions

Image source: Shutterstock


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Bitcoin Miner Ault Alliance Regains NYSE Compliance

Ault Alliance, Inc., a diversified holding company, has successfully regained compliance with the NYSE American’s continued listing standards, according to a statement released by the company. The NYSE American had previously notified Ault Alliance of its non-compliance due to the low trading price of the company’s common stock.

The company’s return to compliance was achieved through management’s efforts, including a potential reverse stock split, which was suggested as a means of demonstrating sustained price improvement. As a result of these efforts, the NYSE American has confirmed that Ault Alliance is now in full compliance with its continued listing standards. The “.BC” designation will be removed from the “AAI” trading symbol effective from the commencement of trading on July 5, 2023, and the company will also be removed from the list of NYSE American noncompliant issuers on the exchange’s website.

Ault Alliance, Inc. is a diversified holding company that seeks growth by acquiring undervalued businesses and disruptive technologies with a global impact. The company owns and operates a data center where it mines Bitcoin and provides mission-critical products that support a diverse range of industries. These include the metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations, and textiles. Ault Alliance also extends credit to select entrepreneurial businesses through a licensed lending subsidiary.

On June 26, Ault Alliance provided an update on its Bitcoin production and mining operations. The company reported that approximately 19,000 miners are now active, delivering an operational hash rate of 2.1 exahashes per second. 


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Bitcoin (BTC) $ 41,761.19 2.47%
Ethereum (ETH) $ 2,239.42 0.80%
Litecoin (LTC) $ 72.85 1.60%
Bitcoin Cash (BCH) $ 247.63 0.19%