The explosive growth and success of Binance outside of the control of traditional financial and political establishments led to heavy-handed enforcement actions against the exchange, according to former BitMEX CEO Arthur Hayes. Hayes delved into the recent $4.3 billion settlement paid out by Binance in a lengthy Substack blog. This comes after the exchange and its founder, Changpeng “CZ” Zhao,…
What is a sniper bot? Sniper bots are automated software programmed for specific actions at predetermined times to find applications in online auctions, sales and crypto trading, ensuring precise market transactions. In the context of online activities, an automated software or script programmed to carry out particular acts at predetermined times is called a sniper bot. A sniper bot is…
The Secretary-General of Amnesty International, Anges Callamard, released a statement on Nov. 27 in response to three European Union member states pushing back on regulating artificial intelligence (AI) models. France, Germany and Italy reached an agreement that included not adopting such stringent regulations of foundation models AI, which is a core component of the EU’s forthcoming EU AI Act. This…
Crypto investment platforms eToro and M2 received various degrees of approval from Abu Dhabi Financial Markets Authority (ADGM) to offer their services in the United Arab Emirates. eToro received approval for a Financial Services Permission (FSP) that allows a provider to operate as a broker for securities, derivatives, and crypto assets. Cryptocurrency exchange M2, on the other hand, got recognition…
Bitcoin (BTC) may cruise to nearly $50,000 as the United States okays the first spot price exchange-traded fund (ETF). As flagged by popular analyst CryptoCon, the Ichimoku Cloud indicator is counting down to upside BTC price continuation. Analysis: $43,000 BTC price is “most conservative level” Bitcoin is in a rare position on weekly timeframes when it comes to Ichimoku Cloud…
ARK Invest, one of the companies that filed an application for a spot Bitcoin (BTC) exchange-traded fund (ETF), is again taking profits on its Coinbase (COIN) shares as the stock price surges. On Nov. 27, ARK sold 43,956 Coinbase shares from its ARK Fintech Innovation ETF (ARKF), according to a trade notification seen by Cointelegraph. Coinbase stock reached $119.7 per…
Bitcoin mining is a “critical tool” for clean energy and balancing the grid, according to a new working paper penned by Bitcoin advocates and the former president of ERCOT, the operator of Texas’ electrical grid. The Nov. 22 paper titled “Leveraging Bitcoin Miners as Flexible Load Resources for Power System Stability and Efficiency” argued that Bitcoin mining’s inherent interruptibility and…
Mercedes-Benz Formula One team and Major League Baseball helped FTX perpetrate fraud through promotional deals with the crypto exchange, according to a group of FTX users in a newl The plaintiffs, consisting of FTX users, filed twin class-action suits in a Florida District Court on Nov. 27, accusing the firms of “aiding and abetting and/or actively participating in the FTX…
Super-advanced artificial intelligence, left unchecked, has a “serious chance” of surpassing humans to become the next “apex species” of the planet, according Ethereum co-founder Vitalik Buterin. But that will boil down to how humans potentially intervene with AI developments, he said. New monster post: my own current perspective on the recent debates around techno-optimism, AI risks, and ways to avoid…
On Monday, Ethereum creator Vitalik Buterin reflected on his own take on “techno-optimism,” inspired by Marc Andreessen, who opined about AI in his Techno-Optimist Manifesto in October. While Buterin agreed with Andreessen’s positive outlook, Buterin also noted the importance of how AI is developed and the technology’s future direction. Buterin acknowledged the existential risk of artificial intelligence, including causing the…
