The Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings against Bit Trade, the provider of the Kraken crypto exchange in Australia, for failing to comply with design and distribution obligations for one of its trading products. According to a Sept. 21 media release from ASIC, the Australian financial regulator alleged that Bit Trade — which is the provider…
After getting the green light from the FDA, Elon Musk’s Neuralink is ready to begin testing its controversial brain chip implants in paralyzed human volunteers. The company announced in an official blog post that it is now recruiting participants for a clinical trial to evaluate the safety and functionality of its technology. “The PRIME Study is being conducted under the…
The team behind Balancer, an Ethereum-based automated market maker, believes a social engineering attack on its DNS service provider was what led to its website’s frontend being compromised on Sept. 19, leading to an estimated $238,000 in crypto stolen. “After investigation, it is clear that this was a social engineering attack on EuroDNS, the domain registrar used for .fi TLDs,”…
An anonymous Ethereum developer has released code that he says instructs artificial intelligence tools to deploy new ERC-20 tokens. In a post on Tuesday, Twitter user @CroissantEth explained how he combined OpenAI’s ChatGPT API with his own script to allow the chatbot to create real, digital coins automatically. “In essence, it asks ChatGPT to form an ERC20 token using Open…
Adult content creators have continued to shift towards decentralized versions of OnlyFans and Patreon, after recent payment difficulties and the ever-present threat of being de-platformed. Leon Lee, founder and CEO of Only1 — a decentralized version of OnlyFans — tells Cointelegraph there has been a recent power shift from intermediaries to content creators, thanks to Web3. “The role of intermediaries…
Looking to curb the unauthorized use of copyrighted works, the Authors Guild and several prominent authors are suing ChatGPT creator OpenAI, alleging that the company fed their copyrighted works into its large language model as training data. Filed in the Southern District of New York on Tuesday, the class action lawsuit—which includes 13 authors and the Authors Guild—highlighted instances of…
The Institute of International Finance (IIF) has published an assessment of the European Commission’s proposed legislation on the digital euro. It gave the bill middling marks. The IIF is a financial industry global advocacy group headquartered in Washington, D.C. with members in 60 countries. It rated the digital euro bill introduced in June and the impact assessment that accompanied it.…
Ben “Bitboy” Armstrong, former host of the Bitboy Crypto YouTube channel, has been denied an emergency injunction request filed to the Cobb County Superior Court in Georgia as a part of his ongoing lawsuit against Hit Network CEO TJ Shedd and Shedd’s father, new documents filed this week revealed. The Cobb County Clerk’s office told Decrypt that a new filing…
OpenAI, the unicorn behind the boom of the Generative AI industry, has unveiled DALL-E 3, the latest iteration of its image generator. With its ChatGPT controller, the upgrade provides top quality images in response to natural-language prompts—and launches with ethical controls in place. Image generators like DALL-E, MidJourney, and Stable Diffusion have opened new creative frontiers for artists and casual…
Grayscale Investments has applied to the U.S. Securities and Exchange Commission for a new crypto exchange-traded fund (ETF). Unlike the flurry of Bitcoin spot ETFs still sitting with the regulator, however, this one would be an Ethereum futures ETF. Paperwork filed by the firm on Tuesday showed that the fund would “not transact in Ether and will not be required to…
