Posts published on April 14, 2023 go to media archive 2/3

Crypto Market Maker DWF Labs’ More Than $200M in Deals Blur What ‘Investing’ Means

DWF Labs made headlines with flurry of investments in crypto projects such as CryptoGPT or Synthetix. A closer examination reveals that many of their deals aren’t typical venture capital investments. However, the firm says it’s all a…

Web2’s Lesson for AI: Decentralize to Protect Humanity

In order to prevent the potentially destructive impact of AI on humanity, we need open-source innovation and collective governance that is possible through blockchain protocols and Web3, rather than the monopoly defaulting structure of Web2…

Crypto Exchange Bitrue Suffers $23 Million Hack

Singapore-based crypto exchange Bitrue has lost millions of U.S. dollars’ worth of ether and other coins in a hack. The trading platform suspended withdrawals until early next week to conduct additional security checks and promised to…

Stablecoins Cannot Function as Money Because They Have No ‘Assured Value’ — Bank of England Governor

Andrew Bailey, the governor of the Bank of England, has asserted that stablecoins “will need to have the characteristics of, and be regulated as, inside money” before they function as money. Bailey also described crypto as a…

U.S. SEC Poised to Move Toward DeFi Oversight As It Reopens Proposed Regulations

The U.S. Securities and Exchange Commission is considering reopening a rule proposal on how it oversees crypto platforms to more explicitly include decentralized finance (DeFi). Commissioners will vote on the language during an open meeting on…

Bitcoin Magazine Announces Auction For Historic Magazine Cover Inscriptions

1/1 Ordinal inscriptions of the first 23 covers printed by Bitcoin’s oldest publication are up for grabs.Bitcoin Magazine is launching its first-ever Ordinals collection, "Bitcoin Magazine Historic Covers." The collection features 1/1 inscriptions…