Will AI Destroy Humanity 😳

GM Degens. Welcome back to No Rug News.

If this is your first time joining us, we applaud you for taking this journey with us as we explore the world of Web3 and futurism.

Without wasting time, let’s get right into it

Here are the latest picks in the crypto realm:

• Elon Musk warns investors not to ‘bet the farm on Dogecoin’ (Fortune)

• Suspected fentanyl chemical suppliers have received $38 mln in crypto -Chainalysis (Reuters)

• OpenAI leaders call for regulation to prevent AI destroying humanity (TheGuardian)

• Governments race to regulate artificial intelligence tools (AlJazeera)

• AI optimism: How embracing artificial intelligence is getting workers ahead (BBC)

• Crypto Wallet Provider Ledger Delays Key-Recovery Service After Uproar (CoinDesk)

• In NFT Sales, Bitcoin Jumps to No. 2 Spot in a Matter of Months (CoinDesk)

• Memecoins and NFTs erupt on Bitcoin blockchain, leading to ‘seismic shift’ for miners (Fortune)

• Foresight Ventures pledges additional $10M for Web3 accelerator (Cointelegraph)

• Scammer uses artificial intelligence, defrauds bizman $609,000 (PunchNewspapers)

• Bitfinex partnership pushes crypto adoption in Latin America (Cointelegraph)

• Chainlink co-founder wants web3 to provide cryptographic guarantees to the world (TechCrunch)

Here is what’s trending

OpenAI Leaders Call for Regulation to Prevent AI from Destroying Humanity

Clearly, artificial intelligence (AI) is taking over the digital sector, and experts predict it might just be overwhelming without regulations. Just like major SyFy films on AI, similar AI takeovers can be a potential threat to humanity. OpenAI leaders call for regulation to prevent this from happening.

Here is what we know about the full story:

• Leaders in OpenAI, the ChatGPT developers, have called out for regulation of the “superinteligent” AI.

• The leaders argue that humanity is at risk with unregulated AI and can lead to human annihilation, considering the power at the disposal of AI t use.

• CAIS describes different risks AI holds, and in his words, he describes AI systems could lead to humanity “losing the ability to self-govern and becoming completely dependent on machines.”

• Regardless of the potential risk AI holds, its benefits in developing through ethical system are worth the risk.

Bitfinex Partnership Pushes Crypto Adoption in Latin America

Cryptocurrencies are in a frenzy, and most organizations are getting on board the digital space. Crypto adoption has seen major digital asset prices surge, and this has improved the chances of anyone assessing cryptocurrencies. Bitfinex's recent partnership pushes crypto adoption in Latin America, making these assets available to any willing crypto investor.

Here is what we know about the story:

• A recent partnership between Bitfinex and OrionX, a leading crypto exchange in Chile, aims to support local education schemes and liberate Latin America with financial freedom.

• The Latin American crypto market has been growing over the years, contributing 9.1% of global crypto transactions in 2022,

• Laying America is home to the top 30 countries in the index, and last year, it became the seventh-largest crypto market in the world.

Suspected Fentanyl Chemical Suppliers have Received $38M in Crypto -Chainalysis

The use of crypto in criminal activities has been a major challenge the digital sector has faced since the launch of the first project. Funding criminal activities using cryptocurrencies has been an issue, and a recent report elaborates how millions of crypto were used in funding the creation of a deadly drug.

Here is what we know about the full story:

• A deadly drug named Fentanyl has been manufactured by suspected chemical sellers who used crypto transactions in funding their criminal activities.

• The drug is a synthetic opioid that's 50 times stronger than heroin.

• They have been receiving tens of millions of dollars worth of crypto since 2018, mostly using digital assets like Bitcoin and Tether.

• The criminals used cryptocurrencies because of their unique attributes including “near-instant, cross-border, and pseudonymous features.”

• The discovered address has received over $37 million worth of cryptocurrency and considering the actual crypto volume currently, the amount is much higher.

NFT Spotlight: YOUNG & SICK

Nick van Hofwegen, a young artist dedicated to creating music and art his entire life is yet to launch his first NFT drop. He is popularly known as YOUNG & SICK and anyone can access his artwork on social media, including Instagram.

He has creed art for popular musicians like Young Thug, Maroon 5, M3F, and Machine Gun Kelly, among others. Also, as a musician he has released music his most recent album being Demo Club which can be found on music platforms. His first NFT drop is expected soon and will be another marvel among his weird art masterpieces.

Essential Links: Instagram, Twitter

Meme Drop

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Read our previous newsletters:

• EU Passes World's First Regulatory Framework for Cryptocurrency ⚖️

• 🚨 Red Alert: 76 Cryptocurrencies Are Now Illegal! 😱 

• LeBron James Wears Rare NFT-Powered Nike Sneakers During NBA Playoffs 🏀 

• One Championship and Animoca Brands are Releasing a Web3 Fighting Game🥊