“I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party,” Satoshi said in an Oct. 31 email in 2008. Source: https://cointelegraph.com/public/index.php/news/bitcoin-btc-whitepaper-turns-15-satoshi-nakamoto
Month: October 2023
Unibot contract $560K exploit crashes token price by more than 40%
A new contract deployed on Oct. 29 by Unibot, a popular Telegram bot used to snipe trades on the decentralized exchange Uniswap, was reportedly exploited to hack roughly $560,000 in various memcoins from users. On Oct. 31, blockchain security firm Scopescan alerted Unibot users about an ongoing hack on Unibot that went undetected. An exploit on a newly deployed contract…
US judge deals blow to artists in copyright suit over AI generated art
Artists have been dealt a setback in their copyright fight against generative AI firms after a class-action lawsuit against several of the firms was dismissed by a United States judge, citing a lack of evidence. In an Oct. 30 order, California District Court Judge William Orrick said the copyright infringement suit against generative AI image service Midjourney, art platform DeviantArt…
Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2
The Hong Kong Monetary Authority (HKMA) is gearing up for the second phase of the e-HKD (e-Hong Kong dollar) pilot program as it announced the successful completion of the Phase 1 trial of its in-house central bank digital currency (CBDC). The HKMA launched the e-HKD pilot program in November 2022 to evaluate the commercial viability of an in-house CBDC as…
Bitcoin white paper turns 15 as Satoshi Nakamoto’s legacy lives on
Today marks 15 years since the pseudonymous creator of Bitcoin, Satoshi Nakamoto, shared the Bitcoin (BTC) white paper to a mailing list of cryptographers on Oct. 31, 2008 — a date also annually celebrated as Halloween. “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party,” Satoshi famously said in the opening sentence…
Bitcoin ETFs may be headed for one epic Gensler ‘rugpull,’ say analysts
There’s a slim chance the United States Securities and Exchange chief Gary Gensler could pull the plug on spot Bitcoin (BTC) exchange-traded funds in one “amazingly sadistic” move, according to Bloomberg ETF analysts. In an Oct. 31 tweet directed at senior Bloomberg ETF analysts James Seyffart and Eric Balchunas, ETF commentator Dave Nadig posed whether Gensler may be allowing for…
Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit
Do Kwon, the co-founder now-collapsed Terraform ecosystem maintains he and his firm did not skirt U.S. securities laws. Source: https://cointelegraph.com/public/index.php/news/do-kwon-terraform-labs-request-sec-suit-dismiss-district-court
Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit
Do Kwon, the co-founder now-collapsed Terraform ecosystem maintains he and his firm did not skirt U.S. securities laws. Source: https://cointelegraph.com/app/public/index.php/news/do-kwon-terraform-labs-request-sec-suit-dismiss-district-court
Do Bitcoiners Even Want an ETF?
A Bitcoin exchange-traded fund (ETF) is on its way to Wall Street, if market prognosticators are to be believed, and this will be great for the crypto industry. That’s not as universally believed as recent price rallies might suggest. Analysts from CryptoQuant said that the approval of such a product—which investors have been waiting on for over 10 years—will mean…
Artists’ Copyright Claims Against AI Companies Dismissed—Mostly
Artists were dealt a significant blow in their ongoing legal war with generative AI developers. On Monday, a U.S. District Judge ruled that a lawsuit filed against AI-image generator Midjourney and digital art community platform DeviantArt would not proceed, ruling that the plaintiffs have not provided enough evidence to support their claim of copyright infringement. Judge William Orrick called the…