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Casper Labs, IBM launch Prove AI auditing solution 

Casper Labs has announced a groundbreaking partnership with IBM Watson to integrate artificial intelligence (AI) into blockchain governance. This collaboration aims to leverage IBM Watson’s AI capabilities to enhance the security, efficiency, and transparency of Casper Labs’ blockchain network.

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Casper Labs has announced a groundbreaking partnership with IBM Watson to integrate artificial intelligence (AI) into blockchain governance. This collaboration aims to leverage IBM Watson’s AI capabilities to enhance the security, efficiency, and transparency of Casper Labs’ blockchain network.

The partnership will utilize IBM Watson’s AI platform, Watsonx, to develop advanced governance models for the Casper blockchain. These models will automate decision-making processes, monitor network activity, and provide predictive analytics to identify potential security threats and performance issues.

Mrinal Manohar, CEO of Casper Labs, emphasized the transformative potential of this integration. “By combining our robust blockchain infrastructure with IBM Watson’s leading AI technology, we can create a more resilient and adaptive governance framework. This will not only improve our network’s efficiency but also set a new standard for blockchain governance,” he said.

The integration of AI into blockchain governance addresses several key challenges in the industry, including scalability, security, and compliance. AI can analyze vast amounts of data in real-time, providing insights that help optimize network operations and enhance security protocols. This proactive approach can prevent issues before they arise, ensuring a more stable and secure blockchain environment.

IBM’s Global Blockchain Leader, Alistair Rennie, highlighted the strategic importance of this partnership. “Our collaboration with Casper Labs is a significant step towards the future of decentralized governance. By integrating Watsonx with Casper’s blockchain, we are pioneering new ways to manage and secure digital ecosystems,” Rennie stated.

The AI-driven governance model will also include features such as automated compliance checks and dynamic policy adjustments, ensuring that the network adheres to regulatory standards and can adapt to changing legal landscapes. This level of automation and intelligence is expected to attract institutional investors and enterprises looking for reliable and compliant blockchain solutions.

In addition to enhancing governance, the partnership aims to foster innovation within the blockchain space. The combined expertise of Casper Labs and IBM Watson is expected to lead to the development of new AI-powered tools and applications that can be used across various industries, from finance to supply chain management.

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Binance tightens South African compliance rules for crypto transfers

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Binance is tightening compliance measures for crypto transactions in South Africa, announcing it will fully implement the country’s Travel Rule requirements beginning January 2025. The move aligns with regulations set by South Africa’s Financial Intelligence Centre (FIC) and reflects the exchange’s broader efforts to meet global anti-money laundering standards.

Under the new rules, Binance will require South African users to include verified personal information—such as names, addresses, and account details—when sending or receiving crypto between platforms. These changes are designed to increase transparency and traceability of digital asset transfers, making it harder for illicit actors to exploit decentralized networks.

Binance emphasized that users must complete know-your-customer (KYC) verification before transferring crypto to or from external wallets. Transfers to non-compliant platforms may be restricted or flagged, while internal transfers within Binance or to Travel Rule-compliant entities will remain unaffected.

The announcement follows South Africa’s decision in 2023 to designate crypto as a financial product, placing digital asset providers under the supervision of the FIC. The country has since taken steps to integrate crypto into its formal regulatory structure, including licensing requirements and mandatory reporting obligations.

With enforcement beginning in 2025, Binance urged users to familiarize themselves with the new procedures to avoid disruptions. The exchange also plans to provide additional guidance and tools to help users remain compliant as the deadline approaches.

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Ethereum bounces back as market dominance recovers from all-time low

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Ethereum has staged a notable recovery after recently experiencing its lowest market dominance since its early days. The turnaround comes as ETH surged nearly 4% in the past 24 hours, climbing back above the $3,100 mark and narrowing its underperformance gap relative to Bitcoin.

For much of 2024, Ethereum has trailed behind Bitcoin and a growing wave of altcoins, with its market share dropping below 15% — levels not seen since 2015. The slump was driven by investor focus on Bitcoin ETF momentum, lackluster institutional interest in ETH, and rising competition from layer-1 and layer-2 networks offering faster and cheaper alternatives.

Despite these challenges, Ethereum’s fundamentals remain strong. Data shows a healthy uptick in active addresses, transaction volumes, and total value locked in DeFi protocols built on Ethereum. Additionally, hopes remain high for the approval of a spot Ethereum ETF in the U.S., with analysts suggesting a potential turnaround in institutional flows if approved.

Traders are now watching whether this rebound signals a sustained trend reversal or just a temporary relief rally. With key upgrades and ecosystem developments still in the pipeline, Ethereum’s ability to regain dominance may hinge on reigniting both investor confidence and broader developer activity.

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SEC says it won’t re-file fraud case against Hex’s Richard Heart

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The U.S. Securities and Exchange Commission (SEC) has confirmed it will not pursue a retrial in its fraud case against HEX founder Richard Heart, effectively bringing an end to one of the agency’s high-profile crypto enforcement actions.

The decision follows a recent court ruling that dismissed several key allegations against Heart, including claims that he misled investors and violated securities laws through the promotion and sale of HEX, PulseChain, and PulseX tokens. While the SEC initially signaled it would consider further legal options, it has now opted to forgo additional litigation.

Heart, a controversial figure in the crypto world, had long denied the SEC’s accusations, framing the lawsuit as an overreach by regulators. The agency had alleged that Heart raised over $1 billion from investors while misrepresenting how funds would be used and failing to register the offerings.

With the SEC stepping back, the dismissal marks a rare instance in which the regulator has chosen not to continue a crypto-related fraud case, potentially signaling a reassessment of its approach amid growing legal pushback and mounting scrutiny over its enforcement tactics.

Although the case is now closed, legal analysts suggest the outcome could influence future regulatory efforts and may embolden other crypto founders facing similar challenges. Heart, meanwhile, has positioned the development as a vindication, reaffirming his stance that HEX and related projects were never in violation of U.S. securities laws.

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