During a recent episode of the Unchained Podcast, Kyle Davies, co-founder of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC), displayed an unyielding and unrepentant attitude towards the billions in losses sustained by investors. Amidst criticism and legal implications, Davies remained steadfast in his position, expressing no regret or remorse for the collapse of…
SEC Extends Decision Timeline for Hashdex Nasdaq Ethereum ETF and ARK 21Shares Ethereum ETF Approval Until May 2024 The United States Securities and Exchange Commission (SEC) has announced an extension of the decision timeline for the approval of both the Hashdex Nasdaq Ethereum ETF and ARK 21Shares Ethereum ETF. The decision comes as a result…
San Francisco, California, March 20th, 2024: Saga, the First and Only layer-1 Web3 Game Publisher, Unveils New Game Publishing Division: Saga Origins At the cutting edge of layer-1 protocols and developer ecosystems in web3, Saga continues to push the boundaries of innovation with its latest announcement: Saga Origins, a new game publishing division dedicated to…
1inch Network Integrates Lumia: A New Source of Competitive Liquidity from Centralized Exchanges The decentralized finance (DeFi) ecosystem of the 1inch Network recently announced an important addition to its aggregation sources. On March 18, Lumia, a liquidity network, was introduced as a new partner to deepen on-chain liquidity and enhance pricing for 1inch users. Expanding…
Recent Market Trends and Analysis: A Comparative Study of Bitcoin (BTC) and Gold In the realm of financial markets, two assets have garnered significant attention in recent weeks: Bitcoin (BTC) and gold. Each asset has exhibited unique trends, captivating investors and analysts with distinct characteristics and potential opportunities. Let’s delve deeper into the current market…
BlackRock, the world’s largest asset manager, has announced the establishment of a new institutional-grade digital liquidity fund named BlackRock USD Institutional Digital Liquidity Fund (BUIDL). According to filings with the U.S. Securities and Exchange Commission (SEC), this fund will operate on the Ethereum blockchain and consist of tokenized assets. The inception of BUIDL marks a…
In the vibrant city of Raleigh, North Carolina, Mark Wittenburg, the Chief Information Officer (CIO), is spearheading groundbreaking initiatives to improve traffic management and safety using artificial intelligence (ai). In a collaborative effort with leading industry partners like Nvidia and Esri, Raleigh’s ambitious pilot project aims to deploy ai cameras and vision tools to analyze…
Smartling: Revolutionizing Translation Services through artificial intelligence Amidst the disruption in the global translation industry, Smartling has emerged as a pioneer, leading innovation through its groundbreaking implementation of artificial intelligence (ai) technology. In an era marked by declining trends in the translation sector, Smartling managed to achieve a remarkable 40% growth rate in 2023, and…
Genesis Global Capital Agrees to Settle SEC Dispute for $21 Million On March 19, 2024, the United States Securities and Exchange Commission (SEC) announced that Genesis Global Capital had agreed to pay a substantial civil penalty of $21 million to settle a legal dispute. The allegations stemmed from the Gemini Earn lending program, which the…
Amidst the fast-paced development of artificial intelligence (ai) and Machine Learning (ML), the National Institute of Standards and Technology (NIST) plays a pivotal role in monitoring the ai lifecycle for potential cybersecurity risks. With the increasing adoption of ai comes an escalating threat landscape, necessitating effective strategies to mitigate vulnerabilities and safeguard systems. Exploring Adversarial…
The cryptocurrency exchange OKX, which is based in the Seychelles, has recently announced that it will no longer support Tether (USDT) trading pairs within the contact Economic Area (EEA). This decision was communicated to users through a social media post by MartyParty, who reported that customer support confirmed the discontinuation of USDT trading pairs due…
Recent Developments: In an unprecedented move, Grayscale’s Bitcoin Trust (GBTC) witnessed its largest single-day outflow since its conversion to a spot Bitcoin exchange-traded fund (ETF) on January 11. On March 18, over $640 million worth of Bitcoin was withdrawn from the fund, representing a significant shift in investor sentiment amidst the broader cryptocurrency market downturn….
Amidst the tense anticipation surrounding the impending sentencing of Sam Bankman-Fried, founder of the now-defunct cryptocurrency exchange FTX, a multitude of victim impact statements have surfaced, illuminating the ripple effects of the exchange’s collapse in late 2022. The Department of Justice (DOJ) has compiled numerous statements from FTX creditors, revealing the financial and emotional toll…
A Milestone in Nigeria’s Crackdown on Cryptocurrency Financial Crimes: Court Orders Binance to Provide Detailed Information on Nigerian Users Background and the EFCC’s Proactive Approach In a major turn of events in Nigeria’s ongoing performance against financial crimes involving cryptocurrency, the Economic and Financial Crimes Commission (EFCC) has secured an interim court order mandating Binance,…
Mehen Finance, the innovative financial entity behind the USDM stablecoin on the Cardano blockchain, is preparing for a public retail rollout in April. This significant milestone comes after the stablecoin’s successful debut on the network on March 17, which is currently accessible only to institutional investors. In a recent interview with Cointelegraph, Matthew Plomin, founding…
The Rebound of Crypto Market Liquidity: Bitcoin Rally and Improving Conditions, But Challenges Persist The crypto market has witnessed a significant rebound in liquidity levels according to the latest findings from the reputable research firm Kaiko. The data gathered by this crypto intelligence company reveals that the infamous “Alameda Gap,” which was the result of…
Changpeng Zhao’s Latest Venture: Giggle Academy, Bridging the Educational Divide Changpeng Zhao, popularly known as CZ, the mastermind behind Binance, the leading crypto exchange, has recently ventured into the educational sector with an innovative project, Giggle Academy. This move signifies CZ’s determination to expand his influence beyond crypto and contribute towards solving global challenges through…
Zug, Switzerland, March 19th, 2024 In an exciting development for the blockchain industry, Streamr has announced the launch of its highly anticipated Streamr Network 1.0 mainnet. This significant milestone marks the completion of the initial roadmap set out in 2017 and officially heralds the arrival of decentralized data broadcasting. The journey to Streamr 1.0 has…
Unmasking the Persistent Specter of Inflation: A Global Economic Conundrum Let me be blunt: the specter of inflation continues to loom large, refusing to vanish despite the best efforts of financial gurus and their predictions of a gentle economic descent, often referred to as a “soft landing.” Inflation remains obstinately present in our global economies….
OpenAI’s Sam Altman Discusses the Current State and Future Prospects of Generative ai: A View from the Top In a recent insightful conversation with Lex Fridman, OpenAI’s CEO, Sam Altman, shared his candid perspective on the current state and future prospects of generative ai. Despite acknowledging the impressive progress made with GPT-4, Altman expressed a…
