Generative digital art remains in demand, even as the broader NFT market struggles. This summer alone, the medium has garnered eye-popping sales, the doting attention of elite brands and institutions, and the emergence of new platforms. But it wasn’t always that way. Casey Reas, an artist and software designer who has pioneered the use of automated computer code in creating…
Month: August 2023
Alameda Hits a Snag in Lawsuit Over $9 Billion Locked in Grayscale Bitcoin Trust
Alameda Research has said it needs more time to assemble co-plaintiffs in its lawsuit against Grayscale that seeks to unlock billions of dollars in investments from two of Grayscale’s trusts. The FTX affiliate requested until September 15 to respond to Grayscale’s motion to dismiss the lawsuit, which Grayscale indicated it did not oppose, according to a court filing. Alameda said…
Crypto Exchange Bittrex Agrees to Pay $24 Million to Settle SEC Lawsuit
Cryptocurrency exchange Bittrex has agreed to pay $24 million to settle a case with the United States Securities and Exchange Commission (SEC), the regulator announced Thursday. The SEC said that the American exchange agreed to pay, on a joint and several basis, disgorgement of $14.4 million, prejudgment interest of $4 million, and a civil penalty of $5.6 million. The U.S.…
Argentine agency opens investigation into Worldcoin over biometric data
Authorities in Argentina have become the latest government officials to probe cryptocurrency project Worldcoin over privacy concerns. In an Aug. 8 announcement, Argentina’s Agency for Access to Public Information (AAIP) said it was investigating Worldcoin over its collection, storage, and use of customer data to ensure it complies with security and privacy regulations. Worldcoin launched its token project in July…
SEC announces $24M settlement for case against Bittrex and its former CEO
The United States Securities and Exchange Commission (SEC) has announced an agreement with crypto trading platform Bittrex and co-founder and former CEO William Shihara for operating an unregistered exchange. In an Aug. 10 notice, the SEC said Bittrex and Bittrex Global agreed to pay $14.4 million in disgorgement, $4 million in prejudgment interest, and $5.6 million in civil penalties to…
Anthropic cracks open the black box to see how AI comes up with the stuff it says
Anthropic, the artificial intelligence (AI) research organization responsible for the Claude large language model (LLM), recently published landmark research into how and why AI chatbots choose to generate the outputs they do. At the heart of the team’s research lies the question of whether LLM systems such as Claude, OpenAI’s ChatGPT and Google’s Bard rely on “memorization” to generate outputs…
Aave DAO opens voting on proposals to reduce CRV exposure
The Aave community is seeking to reduce its protocol exposure to the Curve DAO (CRV) token, with two proposals open for voting on Aug. 10. The move comes in an attempt to limit the risk posed to the lending protocol by the large borrowing position held by Curve Finance founder Michael Egorov. CRV is the native token of the decentralized…
AI Is Literally Trying to Kill You With This Grocery Store App
A New Zealand supermarket’s artificial intelligence-powered app designed to help customers creatively use leftovers has gone rogue, cheerfully suggesting recipes for toxic chemical weapons over family dinner. Pak ‘n’ Save launched its “Savey Meal-bot” app late last month, advertising it as a high-tech way to whip up money-saving meals during tough economic times. After entering ingredients on hand, users receive…
Cross-chain wallet BitKeep changes name to Bitget Wallet after acquisition
Cross-chain wallet BitKeep has changed its name to Bitget Wallet after the crypto exchange purchased a controlling stake for $30 million in March. According to the Aug. 10 announcement, the name change is coupled with the launch of Bitget Swap, a cross-chain swap mechanism within the wallet that developers say sources liquidity from approximately 100 decentralized exchanges across 20 chains. …
AI Is Literally Trying to Kill You With This Grocery Store App
Trying to use up leftovers? An AI-powered app produced ghastly results when users input things like “turpentine” and “ant-poison.” Source: https://decrypt.co/resources/ai-is-literally-trying-to-kill-you-with-this-grocery-store-app