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 On March 18, over $640 million worth of Bitcoin was withdrawn from the fund, representing a significant shift in investor sentiment amidst the broader cryptocurrency market downturn….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…
Bakkt’s Leadership Transition: Andy Main Takes the Helm Amidst Financial Stability and Market Uncertainty Bakkt, a prominent crypto custody service and exchange, recently announced a significant leadership transition. The upcoming change, set to take effect later next week, involves the departure of CEO Gavin Michael, who will be succeeded by board member Andy Main. Michael…
Apple Inc. has made an significant announcement in the realm of artificial intelligence (ai) with the introduction of their innovative MM1 family of multimodal models. According to a recent paper published on the arXiv preprint server, Apple’s groundbreaking models represent a major advancement in the integration of text and image data processing. Revolutionizing ai with…
The Emergence of Shiba Budz (BUDZ) and Its Impact on Bonk (BONK) Investors in the Cryptocurrency Market In the ever-changing landscape of cryptocurrencies, where fortunes can shift dramatically in an instant, a recent development has sparked significant interest within the crypto community. The arrival of a new rival, Shiba Budz (BUDZ), has become a topic…
An extraordinary innovation is taking place in the picturesque Dutch tulip fields, where a state-of-the-art artificial intelligence (ai) robot named Theo is making waves in the fight against diseases in tulip bulbs. Developed by H2L Robotics and deployed at the WAM Pennings farm located near the Dutch North Sea coast, Theo represents a significant leap…
NVIDIA’s Latest Blackwell GPU: Unprecedented Power, Efficiency, and Industry Collaboration At the recent NVIDIA GTC 2024 event, NVIDIA unveiled its most advanced ai accelerator to date: the Blackwell GPU. This formidable dual-GPU powerhouse delivers a staggering 30 times increase in inference throughput and four times better training performance compared to its predecessor, the H100 GPU….
London-based Distressed Asset Trading Firm, Attestor, Finds Itself in a Legal Dispute Over a Substantial Windfall from Crypto Investments: A Complex Saga Unfolds Amidst Market Turmoil and Intertwined Legal Entanglements Background: Attestor’s Remarkable Success Story Takes a Turn The London-based distressed asset trading firm, Attestor, has found itself embroiled in a legal dispute over its…
The Unfazed Attitude of Most Game Developers Towards ai in Gaming Industry Despite the continuous stream of headlines warning about the potential threats posed by artificial intelligence (ai) to the gaming industry, most game developers seem unperturbed by this technological advancement. According to recent data from W4 Games, only 44% of these professionals are concerned…
Centrifuge, the trailblazing blockchain technology company, has recently announced an innovative on-chain fund management platform. This groundbreaking solution is designed to revolutionize the way credit funds operate on public blockchains by consolidating a fund’s investment positions, transactions, and operational data, both on-chain and off-chain, into a secure, unified environment. The goal is to significantly enhance…
