The Microsoft-backed artificial intelligence (AI) company OpenAI had a major shift in leadership over the weekend after its board of directors abruptly ousted former CEO and co-founder Sam Altman on Nov. 17. In the days following the board received pressure to reinstate Altman as CEO and meanwhile chief technology officer Mira Murati was appointed as interim CEO of the company.…
Month: November 2023
Santander offers Bitcoin, ETH trading for Swiss account holders: Report
The international arm of Spanish lender Banco Santander has reportedly rolled out a new service, allowing clients with Swiss accounts to invest in and trade Bitcoin (BTC) and Ether (ETH). According to a report from Coindesk claiming access to a leaked internal communication, high-net-worth individuals of Santander Private Banking International will have access to trade BTC and ETH. Cointelegraph could not…
Poloniex says hacker’s identity is confirmed, offers last bounty at $10M
Crypto exchange Poloniex recently posted a message to the hacker responsible for stealing over $100 million in digital assets from one of its wallets saying that they’ve identified the person and are giving the perpetrators a chance to return the assets in exchange for a $10 million bounty. An on-chain message shared by blockchain security firm PeckShield on social media…
Crypto ETP volumes surge 91%, outpacing underlying assets — Report
Global cryptocurrency exchange-traded products (ETP) have seen a significant uptick in 2023, reportedly outpacing the growth of underlying assets, according to a report by digital asset platform Fineqia. Crypto-based ETPs issued by companies like 21Shares, Grayscale and CoinShares recorded a 91% increase in total assets under management (AUM) from Jan. 1 to Oct. 31, 2023, Fineqia reported. The surge of…
70% of BTC dormant for a year — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts Thanksgiving week in the United States with a return to $37,000 as bulls stubbornly refuse to loosen their grip. BTC price action remains tantalizingly near 18-month highs as another weekly close provides a fresh taste of bull market momentum. The largest cryptocurrency continues to hold onto reclaimed ground, and while upside now comes slower than in previous…
Microsoft Hires Former OpenAI CEO Sam Altman to Head ‘Advanced AI Research Team’
Microsoft has hired former OpenAI CEO Sam Altman to head up an “advanced AI research team” following his ouster from the AI firm. Satya Nadella, CEO of Microsoft, announced the news in a tweet, noting that Altman will join its in-house team alongside OpenAI co-founder Greg Brockman and “colleagues.” Altman tweeted that, “the mission continues,” following the announcement; Nadella responded…
Emmett Shear new CEO of OpenAI: A timeline of Sam Altman’s ousting
Here’s everything that’s happened since OpenAI co-founder Sam Altman was suddenly fired from his role as CEO. Source: https://cointelegraph.com/app/public/index.php/news/sam-altman-fired-from-openai-timeline
Microsoft hires Sam Altman, Greg Brockman after departure from OpenAI
Microsoft CEO Satya Nadella posted on X, formerly Twitter, stating that the company is hiring both former OpenAI CEO Sam Altman and president Greg Brockman. On Nov. 20 Nadella tweeted that he is “extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team.” We…
Kronos Research halts trading amid $25M API key hack investigation
A hacker walked away with $25 million from quantitative trading firm Kronos Research after accessing its compromised API keys. On Nov. 19, Kronos Research revealed that an unauthorized entity accessed some of its API keys. Subsequently, the firm stopped its trading services on the platform. However, no losses were reported at the time. In the interest of transparencyAround 4 hours ago,…
Free-to-play Web3 games hold the key to mass adoption, YGG co-founder
Next year’s most successful Web3 games will pivot from play-to-earn (P2E) to instead focus on being completely free-to-play to dr in players, says Yield Guild Games CEO and co-founder Gabby Dizon. Speaking to Cointelegraph, Dizon said unlike games such as Axie Infinity — which require players to purchase at least three Axie nonfungible tokens (NFTs) to play — the new…