Senator Elizabeth Warren has emphasized the risks of cryptocurrency scams targeting senior citizens in the U.S., with the support of a cybersecurity expert endorsing her legislation on digital assets to prevent future scams. In a recent hearing, Warren outlined the significant increase in crypto scams being targeted towards elderly citizens of the U.S: “Last year, we saw a 350% increase…
The board of directors removed Altman on the grounds that he was allegedly “not consistently candid in his communications with the board.” Source: https://cointelegraph.com/app/public/index.php/news/sam-altman-ousted-from-open-ai-chatgpt-cto-mira-murati-named-interim-ceo
Fidelity, an asset management firm overseeing $4.5 trillion in assets, has become the latest firm to seek approval for a spot Ethereum (ETH) exchange-traded fund (ETF). In a filing submitted to the United States Securities and Exchange Commission (SEC) on November 17, Fidelity proposes to list and trade shares of the Fidelity Ethereum Fund on the Cboe BZX Exchange. “According…
Lawmaking bodies around the world are grappling with the explosive growth of artificial intelligence (AI). But instead of rushing to judgment, the UK. will take a more measured approach to AI regulation and prioritize fostering innovation, a government minister pledged today. “There is always a risk of premature regulation,” Jonathan Camrose, the UK’s first minister for AI and intellectual property,…
On Friday, the board of artificial intelligence behemoth OpenAI abruptly fired Sam Altman, the company’s prominent CEO, stating only that Altman “was not consistently candid in his communications” and that it “no longer has confidence in his ability to continue leading OpenAI.” While the board also stated that a search is already underway to find Altman’s permanent successor, it appointed…
Financial services giant Fidelity Investments is seeking regulatory approval to launch an exchange-traded fund (ETF) that would hold the Ethereum cryptocurrency, according to a Thursday filing with the Securities and Exchange Commission. The proposed Fidelity Ethereum Fund would track the price of ether, the native token of the Ethereum blockchain network. The ETF’s shares would trade on the Cboe BZX…
America’s biggest cryptocurrency exchange Coinbase has been again chosen by one of the contenders in the spot Bitcoin ETF race. New York asset manager WisdomTree submitted a revised version of its application to the Securities and Exchange Commission for a spot Bitcoin exchange-traded fund yesterday. In it, the firm, which has nearly $97 billion in assets under management, noted that…
The decentralized finance (DeFi) market has been one of the most exciting and volatile sectors in the crypto outside of Bitcoin (BTC). In 2020, the DeFi sector experienced a bull market that saw the total value locked (TVL) in decentralized finance protocols surge from $1 billion to over $100 billion. However, the DeFi market has also been prone to significant…
5 Questions With SCENE: Jeff Davis Artist Jeff Davis joins 5 Questions with SCENE to answer burning questions about his artistic practice, the path that brought him to Art Blocks, and his quietly sophisticated DJ abilities. Video shot and edited by Vincent Roazzi Jr. Source: https://decrypt.co/videos/interviews/PChJu1R8/5-questions-with-scene-jeff-davis
Stablecoins lack crucial mechanisms that guarantee money market stability in fiat, and an operational model that gave regulatory control to a central bank would be superior to private stablecoin, a study released by the Bank for International Settlements (BIS) found. The authors used a “money view” of stablecoin and an analogy with onshore and offshore USD settlement to probe the…
