The long-running criminal investigation by U.S. authorities into crypto exchange Binance could be settled before they show up in a lawsuit—but it’ll cost the company $4 billion. Crypto exchange Binance is nearing a settlement with the U.S. Department of Justice to resolve a criminal investigation into alleged money laundering, bank fraud, and sanctions violations, unnamed sources told Bloomberg. If the…
It’s been a dramatic few days for artificial intelligence giant OpenAI, which saw CEO Sam Altman ousted from the company he co-founded before he and other OpenAI staff decamped to form a new “advanced AI research team” at Microsoft. The saga kicked off on Friday with the surprise announcement that Altman was out at OpenAI, with the board of directors…
The S&P 500 Index (SPX) rose 2.24% last week, its third consecutive weekly gain. In comparison, Bitcoin (BTC) managed a minuscule gain of 0.8%, indicating consolidation below $38,000. The prospects for risky assets remain bullish as the United States Dollar Index has started to turn down. Cryptocurrency investors have not parted with their Bitcoin holdings even after the 125% rally…
A team of researchers from artificial intelligence (AI) firm AutoGPT, Northeastern University, and Microsoft Research have developed a tool that monitors large language models (LLMs) for potentially harmful outputs and prevents them from executing. The agent is described in a preprint research paper titled “Testing Language Model Agents Safely in the Wild.” According to the research, the agent is flexible…
Crypto giant Tether, which issues the third-largest digital currency USDT, today announced that it had frozen $225 million believed to belong to a human trafficking syndicate to help the U.S. Department of Justice. In a Monday blog post, the stablecoin issuer said the freezing of the crypto was to help the DOJ. Self-custodied digital wallets holding USDT were linked to…
Assassin’s Creed maker Ubisoft is arguably the most active major video game publisher playing in the blockchain world today. Now, the firm is expanding its reach even further by launching another set of NFT avatars for the metaverse game, The Sandbox. Avatars based on Ubisoft’s new Netflix animated series, “Captain Laserhawk: A Blood Dragon Remix,” will be added to The…
Microsoft shares jumped 1.5% on Monday after a Sunday announcement it had hired OpenAI founder Sam Altman—who was recently forced out by the AI chatbot ChatGPT maker’s board—to lead its new advanced AI research team. As markets opened Monday morning, MSFT—which trades on Nasdaq—rose 1.5% in the first 10 minutes. The stock closed at $369.67 on Friday and rose by…
OpenAI staff are reportedly not happy about their board of directors firing founder Sam Altman. According to a social media post from tech podcaster Kara Swisher, employees sent a letter to the board demanding that they resign. A total of 505 out of 700 employees signed the letter, the post stated. Breaking: 505 of 700 employees @OpenAI tell the board…
Stablecoin issuer Tether froze roughly $225 million worth of USDT tokens as part of an investigation into a Southeast Asia human trafficking syndicate launched by the United States Department of Justice (DOJ). In a Nov. 20 announcement, Tether said it had worked with the DOJ and crypto exchange OKX to freeze $225 million USDT in “external self-custodied wallets.” The firm…
ARK Investment Management, a major cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn’t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States. ARK Invest, on Nov. 20, filed another amended prospectus for its spot Bitcoin ETF product developed in collaboration with the European digital asset manager 21Shares. Once approved, the…
