Former FTX boss Sam Bankman-Fried will likely remain behind bars while until his Oct. 3 trial commences after a United States District Court judge denied his request for temporary release. Judge Lewis A. Kaplan explained on Sept. 12 that Bankman-Fried’s lack of internet access in prison to prepare for his upcoming trial wasn’t a sufficient ground to grant his temporary…
New artificial intelligence research has uncovered early signs that future large language models (LLMs) may develop a concerning capability known as “situational awareness.” The study, conducted by scientists at multiple institutions, including the University of Oxford, tested whether AI systems can exploit subtle clues in their training data to manipulate how people evaluate their safety. This ability, called “sophisticated out-of-context…
YouTuber Ben Armstrong, formerly known as “Bitboy,” has filed a lawsuit in Georgia against Hit Network CEO Timothy “TJ” Shedd Jr. and father Timothy Shedd Sr.—two Hit employees—for removing Armstrong from the media company he created in 2018. The lawsuit also names corporate entities BJ Investment Holdings (BJIH) as a plaintiff alongside Armstrong, and TJSJ Holdings as a defendant with…
Bitcoin (BTC) experienced a 5% increase after testing the $25,000 support level on Sept. 11. However, this breakout rally doesn’t necessarily indicate a victory for bulls. To put today’s price action in perspective, BTC has witnessed a 15% decline since July. In contrast, the S&P 500 index and gold have maintained relatively stable positions during this period. This underperformance demonstrates…
Republican House Majority Whip Tom Emmer announced Tuesday that he has reintroduced the CBDC Anti-Surveillance State Act first filed in late February, all in an effort to prevent the United States from issuing a digital dollar. “If not designed to emulate cash, a government digital currency would dismantle Americans’ right to financial privacy and embolden the Administrative State,” Emmer posted…
United States Securities and Exchange Commission (SEC) Chair Gary Gensler testified on Sept. 12 in a Senate oversight hearing that his agency was currently using artificial intelligence (AI) technologies to monitor the financial sector for signs of fraud and manipulation. Gensler gave a public speech before the National Press Club on July 17 wherein he laid out the case for…
Karl Greenwood, co-founder of OneCoin with Ruja Ignatova, was sentenced to 20 years in prison and ordered to pay $300 million in the United States on Sept. 20. Ignatova remains at large. Greenwood, who is a citizen of the United Kingdom and Sweden, was sentenced in the U.S. Southern District Court of New York. In a statement by the U.S.…
A petition was created on Change.org on Sept. 12 to oppose the use of Chainalysis forensic services by federal agencies. The petition questioned Chainalysis’ accuracy and raised legal issues related to the activities of the blockchain data analysis firm. The petition, started by “Stop Chainalysis,” stated that Chainalysis’ software assists law enforcement crime prevention efforts “by linking the real world…
Following its debut last year, The Crypties Awards is back for 2023 to celebrate the brightest projects and boldest innovators in the crypto industry. Decrypt Studios, the Web3 production studio arm of Decrypt Media, will present The Crypties 2023 this December via an online streaming ceremony, where the brightest projects across blockchain and AI culture will be celebrated for their…
New York University School of Law professors Max Raskin and Jack Millman recently published a paper in the Journal on Emerging Technologies discussing the legalities surrounding the use of blockchain-based smart contracts for the purpose of ‘personal growth bets.’ According to the duo, personal growth bets are single-party contracts that a person would engage in with themselves. The purpose of…
