Binance CEO Changpeng ‘CZ’ Zhao received a $250 million loan from BAM Management U.S. Holdings, only to transfer it to BAM Trading, according to court documents unsealed this week. One day after the SEC hit Binance with a massive lawsuit, the Binance US legal team filed responses to questions from the regulator about spacific financial manouevers, according to unsealed June…
Looking to bolster the security of its popular AI chatbot, OpenAI is turning to outside cybersecurity and penetration experts, also known as “red teams,” to find holes in the AI platform. The company says it is looking for experts across various fields, including cognitive and computer science, economics, healthcare, and cybersecurity. The aim, OpenAI says, is to improve the safety…
After a 48-hour coding sprint, a Friend.tech look-alike dubbed Alpha launched on top of Bitcoin this weekend, bringing a social token experience to users of the venerated blockchain. Like Friend.tech—which is built on Ethereum scaling network Base and saw a flurry of activity last month (and a recent revival)—Alpha is a decentralized social network protocol that lets users tokenize and…
Only seven months remain before the next Bitcoin (BTC) halving in April 2024. It happens approximately every four years and is a deflationary process that cuts the production of new coins by 50%. Bitcoin’s halving is one of the most high-profile events for crypto investors, and has historically led to an increase in Bitcoin’s price. However, its impact on the…
Baseball fans will be able to watch a real-world Major League Baseball game play out in 3D in the metaverse on Wednesday as the pro league unveils its first simulcast in a virtual ballpark. Metaverse technology company Improbable will stream the first regular season Major League Baseball (MLB) game in a virtual ballpark Wednesday night when the Tampa Bay Rays…
“It is more than likely that BAM still doesn’t understand what Ceffu is,” the SEC stated after trying to untangle the web of relationships between entities. Source: https://cointelegraph.com/public/index.php/news/cz-post-x-about-ceffu-binance-us-contradicts-sec-claims-confusion
When it comes to high-stakes bets and trades, few on Crypto Twitter have amassed a fervent following like pseudonymous influencer Gainzy. Now he’s made waves for swapping a sponsorship with one crypto gambling site for a competitor, as the former platform’s utility token takes a tumble. While Members of Parliament in the UK have compared regular crypto trading to gambling,…
Cryptocurrency miners have a new voice in Washington with the launch of the Digital Power Network (DPN), a new coalition affiliated with the Chamber of Digital Commerce. The network is off to a promising start, with many of the United States’ biggest miners on board. The DPN is the first affiliate of the Chamber, and shares many of the same…
The Federal Open Markets Committee (FOMC) will make its next policy interest rate announcement on Wednesday, which analysts say likely will—and should—remain flat. According to the CME FedWatch tool, investors price in a 99% likelihood of a flat rate on Wednesday. If that happens, it’s likely to be bullish for Bitcoin (BTC), whose price has historically correlated with risk equities…
A complaint filed in bankruptcy court claimed Joseph Bankman involved Barbara Fried when answers from neither his son or FTX US satisfied concerns around his $2… Source: https://cointelegraph.com/public/index.php/news/sam-bankman-fried-father-dragged-mother-ftx-salary-dispute
