COCO PAY has prepared a digest of the most relevant web3 news from the past week for you. Find out what you might have missed!
AI and Power Shortages in the USA
The United States may face a severe electricity shortage within the next two years. The main reason is the sharp increase in demand for electricity from data centers that use artificial intelligence. This growth is related to the increase in computing power and the volume of data required for AI operations.
Argentinians and Their Savings in USDT
Inflation in Argentina has reached a record 276%, significantly weakening the national currency. In response, many Argentinians are looking for reliable ways to preserve their savings and are increasingly choosing stablecoins such as Tether (USDT) over the national currency. These digital assets provide stability and protection against inflation.
Blockchain and US National Security
The US Senate Armed Services Committee has tasked Secretary of Defense Lloyd Austin with exploring the potential uses of blockchain technology. The plan is to study how this technology can help manage supply chains and other aspects of national security. Blockchain can provide reliable and transparent solutions for these tasks.
Biden and Cryptocurrency Regulation
The advocacy group Chamber of Progress has appealed to President Joe Biden to support comprehensive cryptocurrency regulation. The group believes this could be an important step before the 2024 elections, allowing Biden to outpace Donald Trump on digital asset regulation issues. This could also increase trust in cryptocurrencies and ensure their safety.
Chinese AI
China is leading the world in the adoption of generative artificial intelligence. According to a study conducted by SAS and Coleman Parkes, 83% of Chinese business leaders actively use AI in their work. In comparison, this figure is 65% in the US and 54% globally. These data highlight the high degree of AI integration into the Chinese economy.
Subcutaneous Crypto Wallet
American companies VivoKey Technologies and Dangerous Things have introduced a new product—the Apex crypto wallet, which can be implanted under the skin. The device costs $349. The wallet uses NFC and RFID technologies for contactless transactions and ensures secure storage of cryptocurrencies. This innovative solution aims to improve the convenience and security of using digital assets.
More news coming soon. COCO PAY – always in tune with you.
