OpenAI, the company behind artificial intelligence chatbot ChatGPT, is reportedly exploring the possibility of manufacturing processing chips in-house amid a global shortage of the expensive and difficult to produce hardware. An Oct. 5 Reuters report citing people familiar with the matter said OpenAI has even evaluated an unnamed company as a potential target for an acquisition to help with its…
Sam Bankman-Fried was “very resistant” to having investors join the board of directors at FTX, claims Matthew Huang, the co-founder and managing partner of crypto investment firm Paradigm. The sudden collapse of FTX saw more than a few investors burned, with Paradigm joining a number of venture capital firms including Sequoia, Temasek and BlackRock in funding the rise of the…
According to FTX’s former chief technology officer, Sam Bankman-Fried committed crimes with himself, Nishad Singh and Caroline Ellison. Source: https://cointelegraph.com/public/index.php/news/alameda-research-withdraw-unlimited-funds-gary-wang
Elon Musk claims the SEC and DOJ are abusing their regulatory powers for personal and political gain to receive punitive action. Source: https://cointelegraph.com/public/index.php/news/elon-musk-scorns-sec-doj-lawsuit-twitter-purchase
Elon Musk has called for a “comprehensive overhaul” of the United States Securities and Exchange Commission hours after the regulator sued Musk alleging he failed to testify in its probe relating to his $44 billion Twitter (now X) purchase last October. The SEC is investigating if Musk’s purchase triggered securities laws and an Oct. 5 filing by the regulator in…
Central bank digital currencies (CBDCs) are poised to give politicians unprecedented power to track your data, restrict your movements, and control your life. Source: https://cointelegraph.com/app/public/index.php/news/how-will-cbdcs-political-oppression-your-country
Marathon Digital, in particular, produced 1,242 BTC in September, which accounted for a record 4.3% share of Bitcoin miner rewards. Source: https://cointelegraph.com/public/index.php/news/bitcoin-miner-marathon-digital-riot-platforms-increase-btc-production
The United States Treasury’s Office of Foreign Assets Control (OFAC) added another batch of crypto wallets from individuals and companies to its specially designated nationals (SDN) list on Tuesday, all tied to illegal fentanyl trade. The drug trafficking network, primarily centered in China, used a variety of cryptocurrencies to facilitate some of its operations. Six entities and their digital wallet…
‘Art of the Times’: Art Blocks Founder Erick Calderon on the State of Generative Art Art Blocks founder and CEO Erick Calderon sat down with Sander Lutz, lead culture reporter at Decrypt’s SCENE, at Art Blocks Marfa Weekend 2023. They discuss the evolution of the company and the generative art world, along with what draws art enthusiasts to be an…
Despite enduringly dismal conditions in the NFT market, some art-focused projects leveraging blockchain technology have managed to stay steady—or even, in a few cases, grow—over the last year and a half. One of those few outliers is Art Blocks, the digital art platform and gallery that uses NFTs to mint and distribute generative art works to collectors around the world. …
