Brazilian Tax Watchdog Uses AI Tool to Identify Operations Linked to Over $180 Million in Crypto-Related Tax Fraud

The Federal Revenue Service, the Brazilian tax watchdog, recently revealed that it has been using an in-house tool that leverages AI to detect money laundering and tax evasion transactions involving crypto. The tool has already been proven useful in identifying over $180 million in funds involved in the illicit usage of cryptocurrency. Brazilian Tax Watchdog … Read more

$FET Sees Unusual Buying Activity As CEO Advocates For Decentralized Cloud Infrastructure

In late August, $FET experienced a notable surge in buying volume, primarily driven by two key groups: Smart Money (SM) and Whales. This spike in activity led to a brief price increase of over 10%, though the price has since corrected back down. Meanwhile, @HMsheikh4, CEO of $FET (FetchAI) and chairman of the ASI Alliance, … Read more

US, Nigeria Convene AI Conference to Promote Inclusive Tech Adoption

The U.S. and Nigeria will host a pan-African Artificial Intelligence (AI) conference in Lagos from September 10-11. The conference will bring together government officials, tech leaders, and civil society to discuss the opportunities and challenges of AI development and use. Participants will work to identify and harmonize tech governance strategies to ensure AI is adopted … Read more

$OCEAN, $AGIX, And $FET Merge To Propel The Development Of Artificial Super Intelligence

The recent merger of $OCEAN, $AGIX, and $FET is more than just a strategic alliance—it’s a unified effort to accelerate the creation of Artificial Super Intelligence (ASI). But what exactly is ASI, and why did these leading AI and blockchain projects decide to come together? Artificial Super Intelligence refers to a form of AI that … Read more

Central Bank of Brazil Hints at a Future Integration of AI Into Its CBDC

The Central Bank of Brazil has hinted at implementing artificial intelligence (AI) and data monetization processes into Drex, its central bank digital currency (CBDC). In a recent presentation, Roberto Campos Neto, the Central Bank of Brazil’s president, stressed that the bank’s innovation agenda had four blocks: Pix, Drex, Currency Internationalization, and Open Finance. However, he … Read more