18 Jun 2025, 14:10

Pope Leo AI: Urgent Stance on AI Threat to Humanity

BitcoinWorld Pope Leo AI: Urgent Stance on AI Threat to Humanity In the rapidly evolving landscape of technology, where artificial intelligence is reshaping industries from finance to healthcare, its impact on humanity is a growing global conversation. For those in the cryptocurrency and blockchain space, understanding AI’s broader societal implications is key, as these technologies often intersect. Now, a powerful voice has entered the fray: Pope Leo XIV is making the potential AI Threat Humanity a central focus of his papacy, raising profound questions for innovators and policymakers alike. Understanding the Vatican AI Stance Pope Leo XIV is positioning the challenge posed by AI as a defining issue of his time. This mirrors the historical precedent set by his namesake, Leo XIII, who championed the rights of factory workers during the transformative Gilded Age. By invoking this history, the Pope signals that the church sees parallels between the societal upheaval caused by rapid industrialization in the late 19th century and the potential disruption brought by AI today. Speaking to cardinals, Pope Leo XIV indicated he would draw upon centuries of church social teaching to address AI innovations. His core concerns revolve around: Human Dignity: How AI impacts the inherent value and rights of individuals. Justice: Ensuring AI systems are fair and do not exacerbate inequalities. Labor: The effects of automation on employment and the nature of work. This firm Vatican AI Stance represents a significant moral and ethical challenge to the technology sector. Addressing the AI Threat Humanity When the Pope speaks of the AI Threat Humanity , he is not necessarily predicting a sci-fi apocalypse, but rather focusing on the concrete risks AI poses to human society and well-being. These threats are seen as impacting the very fabric of human life and interaction. The Vatican’s perspective emphasizes that technology must serve humanity, not the other way around. Key aspects of this perceived threat include: The potential for widespread job displacement due to automation. Ethical dilemmas in AI decision-making, particularly in sensitive areas like healthcare or law enforcement. The risk of bias embedded in algorithms, leading to discrimination. The impact on human relationships and social structures as AI becomes more integrated into daily life. The challenge of maintaining human autonomy and agency in an AI-driven world. The Pope’s focus highlights that these are not just technical issues, but fundamental moral and social ones. The Push for AI Regulation Vatican Style To counter these challenges and shape the global dialogue on AI, the Vatican has become a vocal advocate for international cooperation. Specifically, it is pushing for a binding international treaty on AI. This call for formal AI Regulation Vatican style aims to establish ethical guardrails and legal frameworks on a global scale. The Vatican believes a treaty is necessary to: Ensure AI development aligns with humanistic values. Prevent a regulatory race to the bottom among nations. Provide a universal standard for addressing AI’s risks. This stance puts the Vatican in direct contrast with many in the tech industry who argue that heavy regulation could stifle innovation and slow progress. Tech Giants Vatican Interactions Aware of the Vatican’s moral authority and potential influence on policymakers worldwide, Tech Giants Vatican engagement has been ongoing for years. Leaders from major companies like Google, Microsoft, and Cisco have made trips to Rome, meeting with Vatican officials. Their aim is often to present their vision of AI as a force for good, highlighting its potential benefits and downplaying the risks, essentially attempting to shape the narrative and preempt strict regulation. These interactions demonstrate the tech industry’s recognition of the Vatican as a significant player in the global ethical conversation, alongside governments, academics, and civil society organizations. However, the Pope’s recent, more forceful stance suggests these engagements have not fully alleviated the Holy See’s concerns about the direction and impact of AI. Conclusion: A Moral Compass for the AI Age? Pope Leo XIV’s decision to make the potential threat of AI to humanity a signature issue elevates the conversation from a purely technical or economic one to a fundamental moral and ethical debate. By drawing on the church’s long history of addressing societal change, the Vatican aims to provide a humanistic framework for navigating the complexities of the AI revolution. This call for global AI Regulation Vatican -style challenges the tech industry and urges policymakers to prioritize human dignity, justice, and labor rights as AI technology continues its rapid advancement. The world watches to see what influence this powerful moral voice will have on the future of artificial intelligence. To learn more about the latest AI market trends, explore our articles on key developments shaping AI features and institutional adoption. This post Pope Leo AI: Urgent Stance on AI Threat to Humanity first appeared on BitcoinWorld and is written by Editorial Team

18 Jun 2025, 14:06

Senate Passes Stablecoin Bill in 68-30 Vote Despite Warren’s Warning of “Massive Financial Crisis”

The Genius Act, a set of new regulations for stablecoins , passed the Senate with a 68-30 vote in favour of the crypto legislation. The Genius Act received enough bipartisan support to pass the Senate and reach the next round of scrutiny. Eighteen Democrats joined the Republicans to vote for the bill. Stablecoins are digital assets pegged to real-world assets such as the US dollar. The crypto industry has witnessed a strange turn of events, from experiencing a draconian ‘war on crypto’ under the previous administration to a sudden supportive President Trump creating very generous incentives for the crypto industry. However, the change of context comes after the crypto industry pumped over $131 million into the Trump campaign. Some Republicans voted against the bill, such as Rand Paul, who is sceptical about the Genius Act and its generous concessions to the technology sector, particularly big tech companies like Microsoft and Amazon. However, big tech firms such as Amazon and Meta will be barred from enjoying the use of stablecoins if they do not provide consumer protections regarding data security and financial safety rails. The Genius Act provides other protections for consumers, such as an extra set of provisions that give stablecoin holders priority in an economic crisis, so that banks or companies are barred from using the reserve dollar to steal customers’ funds. Therefore, if a stablecoin issuer faces a crisis, stablecoin holders will receive priority when withdrawing their funds. The largest banks of America, including Bank of America, lobbied hard to bar non-established banks from issuing stablecoins. Such a move would have monopolized an innovation invented to protect Americans from corrupt banks. Circle, a stablecoin issuer and Nasdaq-listed company, may benefit from the Genesis Act because it has invested heavily in its own USDC token. Shareholders have boosted Circle’s price, possibly to take advantage of the new regulatory environment. A company spokesperson commended the senators for passing the act and stated that the new legislation could preserve the US dollar in a new technological age. The company further commended both Republicans and Democrats for supporting legislation that promotes innovation while protecting consumers at the same time. The new bill now has to pass the House of Representatives, and if it passes, it will be placed on President Trump’s desk to be signed into law. Elizabeth Warren , a senator who opposed the bill, accused it of placing more power into the hands of a few tech billionaires, who will use the Genius Act to abuse their customers by accessing their financial data. Warren calls the legislation a “weak bill” and is concerned that wealthy companies will use the new laws to control money more insidiously. Warren has advocated against banks having too much power to prevent a financial crisis from occurring in the future. Warren argues that the Genesis Act allows banks and corporations to have greater freedoms with the use of stablecoins, which traditional financial institutions are usually restricted from enjoying. The greater freedoms seem to bypass the regulations that resulted from the 2008 financial crisis. Ironically, Bitcoin was invented to circumvent the corrupt banks that were given a bailout during the financial crash. Warren predicts that America will experience a massive financial crisis in the next two years due to the deregulation of traditional markets. The House of Representatives is still waiting on the outcome of the Clarity Act, which aims to provide more certainty about the rules of digital assets. Democrats who oppose the Genius Act also oppose the Clarity Act for similar reasons, namely that the two bills conspire against working-class Americans and will ultimately benefit a select few billionaires and their companies.

18 Jun 2025, 14:00

BTC News: While Bitcoin Stagnates, Bitcoin Solaris Takes Aim at Polygon’s Market Position With Superior Technology

As Bitcoin drifts sideways and volatility dries up, the spotlight has shifted to the altcoins that are still building, scaling, and innovating. One name that’s rising fast both in price and attention is Bitcoin Solaris. BTC-S is more than a new chain. It’s an ecosystem built with the performance and scalability that legacy chains like Polygon aimed for but never fully reached. And with a presale explosion already underway, Bitcoin Solaris is now positioning itself to challenge and possibly surpass Polygon’s place in the market. Polygon Was First to Scale Ethereum. But the Game Has Moved On. Polygon brought real solutions to Ethereum’s bottlenecks. With its sidechains and Layer-2 architecture, it opened the floodgates for scalable dApps, especially in DeFi and NFTs. But its success also revealed its limits: centralization concerns, high validator requirements, and reliance on Ethereum’s network stability. Bitcoin Solaris, by contrast, enters with a fresh foundation. It doesn’t just scale another chain. It builds its own parallel architecture from the ground up. And more importantly, it invites the average user in, not just developers. Bitcoin Solaris: A Dual-Layer Engine Designed for Real Growth Bitcoin Solaris is built to go faster, farther, and deeper into mass adoption. Its core structure includes a dual-layer consensus model where the Base Layer runs Proof-of-Work (PoW) for unmatched security, while the Solaris Layer executes transactions at lightning speeds using Delegated Proof-of-Stake (DPoS). The result is one of the most efficient and balanced blockchain systems in development. Here’s what powers it: 300-second PoW block time with SHA-256 compatibility 15-second DPoS blocks with 32MB dynamic sizing Validator rotation every 24 hours for decentralization State synchronization between layers for seamless integrity Built-in privacy through Zero-Knowledge Proofs With up to 100,000 transactions per second and 2-second finality, Bitcoin Solaris is a technical beast that doesn’t sacrifice security to achieve speed. Smart Contracts at Lightning Speed: See Why Everyone Loves BTC-S Accessible Mining With Real-World Profitability Where Polygon never offered native mining, Bitcoin Solaris thrives. Through the exciting release of the Solaris Nova app, mining becomes as easy as tapping your screen. Whether you’re using a phone, laptop, or full rig, BTC-S empowers anyone to contribute and earn. The system adapts to your device’s capabilities and uses energy-efficient algorithms that operate 99.95% leaner than traditional mining networks. To see what your device could earn, the team has launched a live calculator that breaks it all down by type and performance. Mining isn’t just a backend process anymore. It’s a feature every user can access and benefit from daily. Liquid Staking Without Sacrifice One standout innovation from Bitcoin Solaris is its approach to staking. Instead of locking assets, users who stake receive sBTC-S at a 1:1 ratio, enabling them to remain fully active within the ecosystem. This feature integrates directly with the Solaris Nova app and supports DeFi use cases, governance, and liquidity. Explore the full breakdown here . Key staking advantages include: Passive income without lockups DeFi-ready sBTC-S tokens Enhanced decentralization and validator strength Integrated into a mobile-first experience Presale Firestorm: $5 Million Raised and Climbing Bitcoin Solaris is currently in phase 8 of its presale, priced at $8 per token. With over 11,500 unique buyers onboard, the market momentum is undeniable. The next price jump is to $9, with a final launch price of $20, giving investors a potential 150% return from this point alone. Only around 6 weeks left in the presale Over $5 million raised One of the shortest and most explosive presales in the 2025 cycle For more details and live updates, check out the Bitcoin Solaris website . Influencers Are Paying Attention With so much buzz, it’s no surprise that Bitcoin Solaris is getting serious attention across YouTube and social channels. Reviews by Token Empire and Crypto Show have dissected the project’s architecture, mining tools, staking mechanics, and future plans, with many enthusiasts calling BTC-S the most promising launch of the year. Another feature catching the attention of everyone is Bitcoin Solaris’s daily mini games that reward users and allow a lot of people to increase their earnings before the official release. Final Verdict While Bitcoin continues to hold value, it’s no longer moving markets. Polygon’s structure still works, but has become stagnant. Bitcoin Solaris is the fresh blood the ecosystem needs: bringing user-first mining, lightning-fast finality, and accessible staking into a fully integrated, mobile-driven chain. Whether it’s through scalable tech, inclusive mining, or DeFi-ready staking, BTC-S is coming not just to participate, but to dominate. Polygon opened the door. Bitcoin Solaris plans to walk through it and never look back. For more information on Bitcoin Solaris: Website: https://www.bitcoinsolaris.com/ Telegram: https://t.me/Bitcoinsolaris X: https://x.com/BitcoinSolaris

18 Jun 2025, 13:50

Nobitex Exploit: Massive $48.65M Attack Hits Iranian Crypto Exchange on TRON Network

BitcoinWorld Nobitex Exploit: Massive $48.65M Attack Hits Iranian Crypto Exchange on TRON Network The world of cryptocurrency, while offering exciting opportunities, is unfortunately no stranger to security breaches. The latest incident shaking the market involves Nobitex, a prominent Iranian cryptocurrency exchange. Reports have surfaced detailing a significant Nobitex exploit on the TRON (TRX) Network, resulting in substantial financial losses. This event serves as a stark reminder of the persistent security challenges within the digital asset space. Understanding the Scope of the Nobitex Exploit According to on-chain detective ZachXBT, who shared details on Telegram, the Nobitex exploit led to estimated total losses of approximately $48.65 million. This figure represents a significant amount of value compromised from the exchange’s holdings or user funds held on the platform. Details emerging about the attack point to the use of a vanity address by the attacker. ZachXBT specifically noted the use of an address beginning with ‘TKFuck’, a tactic sometimes employed by malicious actors, potentially to taunt or simply for recognition. While the exact method of the exploit is still under investigation or not fully public, the outcome is clear: a large-scale compromise affecting a major regional exchange. The TRON Network Attack Context The incident specifically occurred on the TRON network attack . TRON is a popular blockchain platform known for its focus on decentralized applications and content sharing. While the exploit targeted Nobitex’s operations or wallets connected to the TRON network, it’s important to distinguish between an attack on the blockchain protocol itself and an attack on an entity operating on the network, like an exchange. In many exchange hacks, the vulnerability lies not within the underlying blockchain technology (like TRON, Bitcoin, or Ethereum) but rather in the exchange’s own systems, such as: Weaknesses in hot or cold wallet management Vulnerabilities in smart contracts used by the exchange Compromised private keys Insufficient security protocols or internal errors Phishing attacks targeting employees Further analysis will likely clarify if the vulnerability was specific to how Nobitex interacted with the TRON network or a more general security lapse within the exchange’s infrastructure that happened to impact TRON-based assets. Broader Implications of a Crypto Exchange Hack A crypto exchange hack like the one experienced by Nobitex has ripple effects far beyond the immediate financial loss. These incidents severely impact user trust, which is a critical component for any financial platform, especially in the nascent crypto industry. When an exchange is compromised, users worry about the safety of their own funds and may withdraw assets, potentially causing liquidity issues for the exchange. Other implications include: Reputational Damage: An exchange’s reputation can be severely tarnished, making it difficult to attract new users or retain existing ones. Regulatory Scrutiny: Security breaches often attract attention from financial regulators, potentially leading to investigations, fines, or stricter compliance requirements. Market Volatility: Large hacks can sometimes cause temporary dips in the prices of affected cryptocurrencies or the broader market due to panic selling or negative sentiment. Increased Security Costs: Exchanges are forced to invest heavily in improving their security infrastructure after an attack, which can be costly. For Nobitex, being the largest exchange in Iran, this event carries particular weight for the local crypto community and its confidence in digital asset platforms. Enhancing Cryptocurrency Security Measures In the wake of incidents like the Nobitex exploit , the focus inevitably shifts to enhancing cryptocurrency security . Both exchanges and individual users play a crucial role in mitigating risks. For exchanges, robust security practices are non-negotiable: Cold Storage: Keeping a vast majority of user funds in offline cold storage wallets, inaccessible from the internet. Multi-Signature Wallets: Requiring multiple private keys to authorize transactions, preventing a single point of failure. Regular Security Audits: Conducting frequent third-party audits of smart contracts, infrastructure, and internal processes. Intrusion Detection Systems: Implementing sophisticated systems to monitor for suspicious activity. Employee Training: Educating staff on phishing risks and secure operational procedures. For users, personal security is paramount: Enable 2FA: Always use Two-Factor Authentication (2FA), preferably hardware-based, on your exchange accounts. Strong Passwords: Use unique, complex passwords and consider a password manager. Be Wary of Phishing: Verify the legitimacy of emails and websites before entering login details. Withdraw to Personal Wallets: For long-term storage, withdraw significant amounts of crypto from exchanges to hardware or software wallets where you control the private keys. Research Exchanges: Use reputable exchanges with a strong security track record. The Challenge of Digital Asset Loss and Recovery The estimated $48.65 million figure represents a significant digital asset loss . Recovering stolen cryptocurrency is incredibly challenging. While blockchain transactions are transparent and traceable, identifying and apprehending the individuals behind the wallet addresses used in exploits requires significant effort, often involving international cooperation between law enforcement and blockchain analytics firms. Trackers like ZachXBT play a vital role in following the flow of stolen funds across various networks and exchanges, making it harder for attackers to cash out undetected. However, once funds are laundered through mixers, decentralized exchanges (DEXs), or moved across multiple chains, they can become exceedingly difficult to trace back to an identifiable entity. For users affected by the Nobitex exploit, the path to recovery is uncertain. Exchanges sometimes use insurance funds or their own reserves to compensate users for losses, but this is not always guaranteed and depends heavily on the exchange’s policies and financial health. Conclusion: A Persistent Threat The Nobitex exploit on the TRON Network is another unfortunate chapter in the ongoing struggle for security in the cryptocurrency space. The estimated $48.65 million digital asset loss highlights the lucrative target that exchanges represent for malicious actors. This crypto exchange hack underscores the critical need for exchanges to continuously strengthen their cryptocurrency security measures and for users to adopt vigilant personal security practices. While the transparency of the TRON network allows for tracking, the recovery of funds after a large-scale TRON network attack targeting an exchange remains a complex challenge. As the industry matures, improving security infrastructure and user education will be paramount to building a safer ecosystem for everyone. To learn more about the latest crypto market security trends, explore our articles on key developments shaping cryptocurrency security protocols and preventing digital asset loss. This post Nobitex Exploit: Massive $48.65M Attack Hits Iranian Crypto Exchange on TRON Network first appeared on BitcoinWorld and is written by Editorial Team

18 Jun 2025, 13:33

Invesco Names JP Morgan Veteran to Lead $1.6B Crypto Strategy Amid Bitcoin Boom

The post Invesco Names JP Morgan Veteran to Lead $1.6B Crypto Strategy Amid Bitcoin Boom appeared first on Coinpedia Fintech News Invesco, with $1.9 trillion in assets under management, is making a serious move into the crypto space. The firm has appointed Kathleen Wrynn, a seasoned JP Morgan executive, to lead its $1.6 billion cryptocurrency division. The hire comes at a time when institutional interest in digital assets is gaining strong momentum. Invesco’s decision reflects a clear intention to be a major player in the future of crypto investing. Crypto’s New Leader: Wrynn Assumes Command As traditional finance continues warming up to crypto, Invesco’s move to bring in Wrynn is more than a leadership shuffle. It signals a strategic push to stay ahead. Wrynn brings a strong track record from her years at JP Morgan. She now leads Invesco’s digital asset strategy, which includes managing three Blockchain and Crypto Ecosystem ETFs, along with three Global Spot Cryptocurrency ETFs. At the Morgan Stanley U.S. Financials Conference, an Invesco spokesperson detailed her mission: “She will work closely with the global technology organization to identify and lead opportunities to leverage blockchain technology, such as tokenizing funds and integrating digital assets into investment strategies.” This appointment shows Invesco’s commitment to innovation in the crypto space. Institutional Crypto Rise: Invesco Joins the Trend Invesco’s action corresponds with a Coinbase report indicating that 86% of institutional investors are either involved in or intend to enter crypto by 2025. This encouraging indication in adoption implies Wall Street’s complete acceptance of digital assets, making way for quicker Bitcoin expansion and limited supply. Invesco’s $1.6 billion cryptocurrency operation enables it to take advantage of this trend, cementing its position as a frontrunner in the changing financial environment. Wrynn’s guidance might be crucial in steering through this new age. Invesco Bets Big on Crypto’s Future As institutional interest in crypto grows, Invesco’s strategic hire of Wrynn indicates confidence in Bitcoin’s future. Her expertise and Invesco’s resources could drive significant advancements, shaping the next chapter of digital asset investment.

18 Jun 2025, 13:21

Paris-Based Technology Firm The Blockchain Group Announces It Bought a Large Number of Bitcoins! Here Are the Details

The Blockchain Group (ALTBG), a Paris-based technology firm that positions itself as Europe’s first Bitcoin treasury company, has announced that it has added 182 more Bitcoins to its portfolio. The company’s latest purchase was worth around 17 million euros ($19.6 million). The Blockchain Group Continues Bitcoin Purchases: 182 More BTC Added, Bringing Total Value Over $170 Million With the latest purchase, the company's total Bitcoin holdings reached 1,653 BTC, with a total market value of approximately 149 million euros (approximately $171 million). The company also drew attention with its 1,173% “BTC yield” so far in 2025. This ratio is calculated by dividing the total amount of Bitcoin held by the company’s fully diluted share count. This metric is used to show how effective companies’ Bitcoin acquisition strategies are. For comparison, MicroStrategy (MSTR), the world’s largest institutional Bitcoin holder, reported a 19.1% BTC yield since the beginning of the year, while Japan-based Metaplanet (3350) reported a 266.07% yield and US-based Semler Scientific (SMLR) reported a 26.7% yield. Bitcoin Purchases Funded by Bond and Stock Proceeds The Bitcoin purchase was financed by a convertible bond issue worth more than €18 million, with investors including UTXO Management, Moonlight Capital, Ludovic Chechin-Laurans and asset manager TOBAM. The company also raised an additional €1.6 million by converting its stock purchase warrants into approximately 3 million new shares, and used this proceeds to purchase Bitcoin. The Blockchain Group’s Bitcoin purchases were made through Swissquote Bank Europe and Banque Delubac, while the crypto assets are being held in custody by Switzerland-based digital asset infrastructure provider Taurus. The company's average cost of Bitcoin purchases is around 90,000 euros (about $103,000). Following the news of the acquisition, the company's shares were traded on the Euronext Paris exchange in the morning hours, down 2.1% at 4,895 euros, while France's CAC 40 index remained flat. The Blockchain Group’s aggressive Bitcoin strategy makes it one of the prominent players in institutional crypto asset management in Europe. *This is not investment advice. Continue Reading: Paris-Based Technology Firm The Blockchain Group Announces It Bought a Large Number of Bitcoins! Here Are the Details