Microsoft faces multi-billion dollar fine in EU over Bing AI
The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27.
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‘Godfather of AI’ advises UK government to start UBI
Geoffrey Hinton also warns that advanced AI could pose an existential threat within the next five to twenty years.
LayerZero identifies over 800k addresses in sybil self-reporting phase
Initially, the team identified over 2 million addresses as potential Sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification.
What is the Ethereum (ETH) burn address
The Ethereum burn address is a null address where ETH and other Ethereum-based tokens are sent to be permanently removed from circulation.
AI safety researchers leave OpenAI over prioritization concerns
Following the recent resignations, OpenAI has opted to dissolve the ‘Superalignment’ team and integrate its functions into other research projects within the organization.
Feds bust $73M crypto scam, arrest two masterminds
The scammers convinced victims to transfer millions of dollars into these U.S. bank accounts, which were then used to launder the illicit funds.
Genesis Global secures court approval for $3B payout
According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake.
If SEC approves spot Ether ETFs, many ‘will be caught severely offside’
Coinbase institutional research analyst David Han believes “there is room for surprise to the upside on this decision.”
Aussie admits to promoting BitConnect crypto services without a license
The Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform at four seminars and via two social media posts.
Biden may rethink SAB 121 vote veto due to political support for crypto
The U.S. Congress bipartisan vote has overwhelmingly demonstrated its rejection of the SEC’s SAB 121. President Biden threatened to veto the overruling. Will the executive branch overthrow Congress’s decision?
Crypto personality pleads guilty to fraud after promising 60% 'fictitious' returns
The United States Department of Justice alleges Thomas John Sfraga convinced a victim to invest in a "fictitious" cryptocurrency” wallet after promising significant gains.
Changpeng Zhao teases writing project ahead of reporting to prison
On April 30, a judge sentenced the former Binance CEO to four months in federal prison but did not set a reporting date at his hearing.
Ghana, Singapore conduct trade in semi-fungible token pilot project
Project DESFT is meant to encourage trade between small businesses using a CBDC and a stablecoin, with an emphasis on credentialing.
Alex Labs freezes $3.9M of exploited funds sent to CEXs after hack
The team behind the Bitcoin layer-2 developer has successfully frozen some exploited crypto after the attacker tried to cash out by sending funds to exchanges.
Crypto Biz: Galaxy, CoinShares Q1 results, ETFs on the blockchain, and more
This week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting on blockchain, Polymarket’s funding raise, and a leadership transition at dYdX.
Blockchain gaming investments reached nearly $1B in April
The investment figures come alongside a record high 2.9 million daily unique active wallets (dUAW) for the month.
Ethereum price rallies above $3.1K after unexpected regulatory victory
ETH price hit $3,100, backed by a favorable court ruling and increased network activity.
Tornado Cash founder sent to prison, DeFi’s EU struggles: Finance Redefined
The Tornado Cash developer has been detained in the Netherlands since August 2022 after the United States government blacklisted Tornado Cash.
US Treasury strategy would tighten virtual asset regulations, increase AI use
The Treasury’s fight against illicit finance will focus on better regulations, greater enforcement and AI.
Price analysis 5/17: BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA, AVAX, SHIB
Bitcoin price aims to break its range resistance and hit a new all-time high. Will altcoins follow?
Proton Mail exposing activist's info showed the limits of encryption
An April report revealed that Proton Mail assisted Spanish police with locating one of its users, leading to questions about its guarantees of privacy.
Tether mints another $1B mint — Last time it helped Bitcoin climb to $73K
Bitcoin flipped its old resistance into support as Tether’s market cap continues to grow rapidly in 2024.
Kraken considers dropping USDT in Europe ahead of new regulations
With new regulations in Europe set to enforce strict limits on transactions and reserve requirements, Kraken is assessing its stablecoins listing.
Crypto firms rally behind FIT21 bill approaching US House floor vote
Lawmakers expect to vote on a bill clarifying how regulators handle digital assets by June after a majority in both chambers passed a resolution against an SEC crypto rule.
Dolce & Gabbana face class action lawsuit after NFT delivery kerfuffle
The suit alleges that delays in delivery caused purchased NFTs to lose 97% of their value.
Bitcoin preps 'golden cross' which last sparked 170% BTC price gains
Bitcoin is dishing out the bull signals on lower timeframes, but can BTC price action overcome key resistance?
Is onboarding too hard? Crypto adoption still faces major obstacles
Progress has been made in streamlining the Web3 onboarding process, but the flood of mainstream users has not yet arrived.
Binance-backed Magic Square IDO platform to democratize retail investor access
IDO launchpads are becoming a popular way to raise funds for projects, with some IDOs reaching nearly half a billion dollars.
How to trade crypto in the UK using Revolut X
Uncover the step-by-step process for moving fiat from the Revolut banking app into the Revolut X application and trading cryptocurrencies.
Sony warns 700 AI devs, music streaming companies on content misuse
Sony cracks down on AI developers like OpenAI and Microsoft with a letter that prohibits them from using its content to train or develop commercial AI systems.