Binance CEO Changpeng Zhao (CZ) has issued a warning to employees regarding their internal communications, according to reports, following a lawsuit from the U.S. Securities and Exchange Commission (SEC) on Monday. “Everything you say could end up in court (or on the internet) one day,” he wrote employees according to a translated copy of a memo seen by Odaily Planet…
Bitcoin (BTC) might have displayed strength by quickly recovering from the $25,500 support level on June 6, but that doesn’t mean that breaking above $27,500 will be an easy task. Investors still expect stricter regulatory scrutiny after FTX’s bankruptcy in Nov. 2022, including the recent ones against Coinbase and Binance. A total of 8 cryptocurrency-related enforcement actions have been undertaken…
Senators Elizabeth Warren (D-MA) and Chris Van Hollen (D-MD) have sent a letter to U.S. Attorney General Merrick Garland to ask that the Department of Justice (DOJ) investigate Binance for allegedly lying to lawmakers. The letter claims that Binance and Binance.US “may have also made a series of false statements to Congress” by saying they were separate entities and that…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG With the rapid development of AI, the technology is quickly making its way across the entertainment industry. Now some gamers are upset after Cyan Worlds, the developer of the classic video games Myst and Riven, used AI tools to develop its new game Firmament. The use of AI-based tools,…
Coinbase CEO and co-founder Brian Armstrong sold company shares the day before the United States Securities and Exchange Commission (SEC) filed a complaint against the exchange for securities law violations. The transaction caused a minor stir in the Twitter cryptoverse, as Armstrong avoided a sharp loss by doing so. SEC records show that Armstrong sold 29,730 shares of the company…
Circle, the fintech firm behind one of crypto’s largest stablecoins, named Heath Tarbert its new chief legal officer on Thursday, taking on the ex-regulator as an executive amid a double-tap of enforcement actions against exchanges from the Securities and Exchange Commission (SEC). Tarbert will also become Circle’s head of corporate affairs when he officially starts at the company in July,…
A pair of scientists from the University of Kent’s School of Computing in the United Kingdom recently conducted a study comparing energy consumption rates for current ASIC-based miners to proposed quantum-based solutions. According to the team’s preprint research paper, the systems utilizing quantum computing demonstrably outperformed standard mining rigs in energy efficiency: “We show that the transition to quantum-based mining…
Join us as we discuss the best way to find the next big altcoins before they pump and what every trader should be doing right now. Source: https://cointelegraph.com/news/how-to-find-the-next-big-altcoin-before-it-pumps
If you’ve been getting cozy with the idea of your friendly AI chatbot, ChatGPT, whipping up your final thesis paper, it’s time for a reality check. While AI-generated writing has wowed the masses, researchers at the University of Kansas have just upped the ante by developing a method to identify AI-generated academic science writing with over 99% accuracy. The research,…
U.S. senators asked the Justice Department to investigate whether the crypto exchange made a false statement to Congress in a letter earlier this year. Source: https://cointelegraph.com/app/public/index.php/news/binance-may-have-lied-to-us-lawmakers-argue-senators-report
