Decentralized

Challenging Crypto Regulations: Developer Sues US Justice Department

Friday. January 17 at 2:00 PM

1 min. read

A crypto developer, Michael Lewellen, has taken legal action against US Attorney General Merrick Garland, seeking a court ruling to validate the legality of his upcoming non-custodial crypto software, Pharos. The lawsuit, supported by Coin Center, challenges the government's broad interpretation of money-transmitting laws, which has led to prosecutions of software developers like Roman Storm and Keonne Rodriguez. Lewellen argues that his software does not involve control over users' cryptocurrency, thus not violating money-transmitting laws. The complaint also highlights similar preemptive lawsuits in the crypto industry, such as Consensys' case against the SEC regarding Ether. As Garland prepares to step down, the lawsuit signifies a pushback against the government's crackdown on crypto innovation. Lewellen seeks protection from potential prosecution and legal fees coverage, emphasizing the importance of fostering cryptocurrency development in America.

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Challenging Crypto Regulations: Developer Sues US Justice Department

Friday. January 17 at 2:00 PM

Decentralized

Decentralized AI: Transforming Web3 and AI Landscape

Friday. January 17 at 6:00 AM

In the latest episode of Hashing It Out, Elisha Owusu Akyaw interviews Michael Heinrich, co-founder and CEO of 0G Labs, discussing the impact of decentralized artificial intelligence (DeAI) on Web3 and the AI industry by 2025. The conversation emphasizes the need for decentralized AI, its potential to simplify blockchain interactions, and the challenges of AI alignment. 0G Labs aims to create a decentralized AI operating system to enhance transparency and trust in the AI sector. This system includes decentralized storage, verifiable inference, and a service marketplace, enabling developers to build diverse AI applications on a decentralized foundation. Heinrich warns against centralized AI development by a few corporations, advocating for democratizing AI to ensure fair access and shared benefits. The discussion also covers the role of AI agents in Web3, addressing challenges in AI alignment with human values and the use cases for decentralized AI applications.

Decentralized

Solana Introduces Roam: A Decentralized WiFi Network

Wednesday. January 15 at 12:00 PM

Solana has launched Roam, a decentralized WiFi network aimed at revolutionizing global connectivity. The project plans to integrate over 1 million WiFi hotspots into a secure network, incentivizing users for their participation. Roam utilizes Open Roaming protocols, positioning itself as a leader in the Decentralized Wireless (DeWi) space. This initiative reflects Solana's commitment to redefining global connectivity by providing secure, reliable, and seamless internet access. Users can earn rewards by accessing free WiFi points, checking in daily, and staking Roam Tokens (ROAM). Despite facing criticism for being ahead of its time, Solana's innovations like Roam and the Seeker Phone demonstrate its dedication to driving blockchain innovation. The market response to Roam has been cautious, with SOL token prices seeing a modest increase. Solana's ability to balance innovation with practicality will be key to the success of projects like Roam, showcasing its focus on real-world blockchain applications.

Decentralized

Decentralized Identity Project Humanity Protocol Launches Humanity Foundation

Wednesday. January 15 at 10:00 AM

Humanity Protocol, a strong competitor to the digital identity project World, has taken a step closer to its token generation event by introducing the Humanity Foundation. Led by key figures including Animoca Brands chairman Yat Siu, the foundation aims to drive the ecosystem of the Humanity Protocol. This project focuses on decentralized identity (DID) and zero-knowledge proofs (ZK-proofs) to allow users to verify their identities without revealing personal data. Through biometric technology, users can enhance their verified identities with additional credentials like education and employment history. The foundation's founding directors also include Mario Nawfal and Yeewai Chong, who emphasized the importance of biometrics in building a secure identity system. Humanity Protocol's technology ensures that individuals have full control over their information, with biometric data encrypted and stored securely. The project's roadmap includes the introduction of palm recognition technology for Web3 verification, distinguishing it from its competitor, World, which uses iris biometric technology.

Decentralized