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Cryptocurrency

US crypto industry lobby spending on track for new record in 2023

Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. REUTERS/Marco Bello/File Photo Acquire Licensing RightsWASHINGTON, Dec 5 (Reuters) - The cryptocurrency industry was on track to hit a new record for federal lobbying spending, after a year in which firms scrambled to repair their reputations and advance friendly legislation, according to data provided to Reuters by nonprofit research group OpenSecrets.Crypto companies spent $18.96 million in the first three quarters of 2023 on lobbying, compared with $16.1 million during the...
Finance

Countries promise clean energy boost at COP28 to push out fossil fuels

118 countries back pledge to triple world's clean powerGoal would slash fossil fuel use this decadeSmaller club of countries plan to scale up nuclear energyDUBAI, Dec 2 (Reuters) - Governments launched new initiatives on Saturday to bolster clean energy and to wean themselves off fossil fuels at the U.N. climate summit in Dubai, where countries are grappling with how to halt the non-stop rise in planet-warming emissions.In one of the most widely supported initiatives, 118 governments pledged to triple the world's renewable energy capacity by 2030 at the U.N.'s COP28...
Economy

Generative AI a stumbling block in EU legislation talks -sources

Technology leaders attend a generative AI (Artificial Intelligence) meeting in San Francisco as the city is trying to position itself as the “AI capital of the world”, in California, U.S., June 29, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsSTOCKHOLM/BRUSSELS/LONDON, Dec 1 (Reuters) - EU lawmakers cannot agree on how to regulate systems like ChatGPT, in a threat to landmark legislation aimed at keeping artificial intelligence (AI) in check, six sources told Reuters.As negotiators meet on Friday for crucial discussions ahead of final talks scheduled for Dec. 6, 'foundation models', or...
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