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Members from Coinbase, Google, and a16z have joined forces to launch the DAO organization Aiccelerate, aimed at accelerating the fusion of crypto and AI

ChainCatcher news, according to Cryptoslate, members of teams from Coinbase, Google, ai16z, and other major players have joined forces to launch Aiccelerate, a new decentralized autonomous organization (DAO) aimed at accelerating the integration of cryptocurrency and artificial intelligence (AI).The announcement on January 9 revealed that the DAO will focus on promoting decentralized, open-source AI development and supporting high-potential projects across different ecosystems. Additionally, Aiccelerate positions itself as a DAO that balances investment and development. Its primary mission is to drive innovation in what it calls the "agent AI" space. The DAO aims to establish a collaborative community composed of top developers from various frameworks. These experts will contribute to a range of agents and tools designed to advance the organization's goals.Furthermore, Aiccelerate will unify its initiatives through a token called AICC. The DAO will use a portion of its profits to buy back its native tokens. The list of development advisors includes ai16z founder Shaw, core contributor of Virtuals Protocol EtherMage, developer relations lead at EigenLayer Nader Dabit, and co-founder of Story Protocol Jason Zhao. In terms of investments, Aiccelerate's advisors include Andrew Kang and Marc Weinstein from Mechanism Capital, Justin Lee from Coinbase Ventures, and Anil Lulla from Delphi Digital.

India intensifies its crackdown on cryptocurrency scams in 2024, collaborating with Google and Meta to combat "pig butchering" schemes

ChainCatcher news, according to a report by Cryptoslate, based on the Ministry of Home Affairs' 2024 annual report, India has intensified its efforts to combat crypto-related scams by collaborating with tech giants Google and Meta (formerly Facebook). The initiative aims to tackle the growing threat of "pig butchering" scams, a form of crypto investment fraud targeting vulnerable groups such as unemployed youth, homemakers, students, and individuals facing economic hardships.The report describes how these scams typically lure victims through social media platforms and search engines, promising high returns on cryptocurrency investments. In recent months, these scams have become increasingly rampant, with investors losing over $3.6 billion to these schemes in 2024. Scammers often impersonate financial advisors or representatives of legitimate investment firms, gradually building trust before convincing victims to transfer large sums of money into fraudulent schemes. The ministry emphasized that fraudsters abuse Google's advertising services and Meta's sponsored ads to launch malicious applications and phishing activities. In response, India's Cyber Crime Coordination Center (I4C) has developed protocols to work directly with these platforms to flag suspicious activities, block ads, and expedite the removal of fraudulent content.
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