South Korean telecom giant SK Telecom (SKT) announced plans to launch a Web3 wallet service, T wallet, in partnership with layer 1 mainnet Aptos Labs and Atomrigs Lab. SK Telecom’s vision to launch a blockchain wallet for cryptocurrencies and nonfungible tokens (NFTs) dates back to July 2022. The initiative at the time kicked off with SKT’s blockchain arm collaborating with…
The Simpsons roasts NFTs in new Halloween episode Animated television series The Simpsons spent an entire segment mocking nonfungible tokens (NFTs) during the latest 34th annual Treehouse of Horror Halloween special, in a segment called “Wild Barts Can’t Be Token.” In the special, Homer accidentally mints Bart on the blockchain, and in the ensuing scenes, the creators poke fun at…
The founder of Estonia-based LHV Bank, Rain Lõhmus, has been revealed as the owner of a massive 250,000 Ether (ETH) stash bought during the Ethereum ICO, which is now worth an eye-watering $470 million. There’s only one problem. He no longer has the keys. In February, Coinbase director Conor Grogan highlighted a Ethereum whale wallet containing some $470 million worth…
Ava Labs, the team behind the Avalanche Blockchain, has confirmed it laid off 12% of its employees in a recent wave of staff cuts, citing the need to reallocate its resources. The firm’s founder and CEO Emin Gün Sirer confirmed the news on Nov. 7 after several former Ava Labs employees announced on X (formerly Twitter) they had been laid…
OpenAI joins Google, Microsoft and others in legally backing their users if they face legal action over copyright infringement. Source: https://cointelegraph.com/app/public/index.php/news/open-ai-cover-legal-costs-chatgpt-users-copyright-lawsuit
The Financial Services and General Government bill proposes to drastically cut funding to the SEC and other government agencies. Source: https://cointelegraph.com/app/public/index.php/news/gary-gensler-salary-one-dollar-sec-proposed-bill-lawmaker
A United States lawmaker wants to strip the Securities and Exchange Commission chair Gary Gensler of his salary by paying him just $1 per year. In a proposed amendment to the Financial Services and General Government (FSGG), Rep. Tim Burchett suggested that Gensler’s salary be brought down to $1, as part of wider proposal to defund the regulator. First introduced…
On Sunday, the long-running animated series “The Simpsons,” known for skewering many aspects of American life, finally put the beleaguered NFT market in its crosshairs. During one segment of the show’s 34th annual Halloween-themed “Treehouse of Horror” anthology series, Homer accidentally mints Bart onto “the blockchain” as an NFT, triggering a daring rescue mission featuring multiple eerily recognizable designs and…
OpenAI says it will cover the legal costs for business-tier ChatGPT users that find themselves in hot water over copyright infringement. OpenAI is calling its pledge Copyright Shield which only covers users of its business-tier ChatGPT Enterprise and its developer platform. OpenAI isn’t covering users of the free and Plus ChatGPT versions. On Nov. 6 at the company’s first developer…
Moody’s Analytics is launching a new stablecoin service that will use AI to predict probable depeggings “in a 24-hour time horizon” while providing real-time insights about stablecoin issuers’ liquidity and stability. The stablecoin market is getting stabler, Moody’s observed in its Nov. 6 announcement for the launch of Digital Asset Monitor. So far in 2023, there have been 1,914 depeggings,…
