The Fed has little ammo left as $30K Bitcoin price becomes key battle-line
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Hong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey Capital

Hong Kong is “very ready” for the next wave of mass crypto adoption, with an influx of crypto talent that has been spilling into the aspiring digital asset hub, says Jupiter Zheng, a partner at Hashkey Capital. Speaking to Cointelegraph, Zheng, partner of liquid funds and research at the investment arm of Hong Kong crypto firm HashKey Group — explained that…

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Ethereum, Bitcoin users reignite scalability debate as gas fees surge
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Ethereum, Bitcoin users reignite scalability debate as gas fees surge

A recent spike in transaction fees on Ethereum and Bitcoin appears to have reignited the debate around solutions for scalability and the role of layer 2s. Over the last 24 hours, cryptocurrency users began sharing screenshots showing double, occasionally triple-digit transaction fees on Ethereum and Bitcoin. One screenshot showed gas fees were as high as $220 for a high-priority transaction…

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SafeMoon CEO bail release goes on hold after Feds cite flight risk
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SafeMoon CEO bail release goes on hold after Feds cite flight risk

United States federal prosecutors have managed to put SafeMoon CEO Braden John Karony’s bail release order on hold, citing flight risk and his release being a possible “danger to the community. On Nov. 9, New York District Judge LaShann DeArcy Hall stayed a Nov. 8 bail release order after prosecutors challenged a Utah Magistrate judge’s decision to let Karony out…

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OpenAI Battles Service Disruption Linked to Russian Hackers
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OpenAI Battles Service Disruption Linked to Russian Hackers

ChatGPT was hit by a distributed denial of service (DDoS) attack on Wednesday, which OpenAI confirmed in a status update on Thursday. According to a report by Bloomberg, the attacks were allegedly orchestrated by a group of Russia-backed cybercriminals calling themselves Anonymous Sudan. “We are dealing with periodic outages due to an abnormal traffic pattern reflective of a DDoS attack,”…

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Meta's Next AI Gambit? Llama 3 Rumored for Early 2024
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Meta’s Next AI Gambit? Llama 3 Rumored for Early 2024

Curiosity about Meta’s next big move is reaching a fever pitch in the race to dominate the artificial intelligence landscape. With its Llama 2 generative text model—released in July—well established in the marketplace, AI watchers are hungrily searching for signs of Llama 3. If industry murmurs are to be believed, the tech titan’s sequel to its open-source success could arrive…

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EU backs Data Act with clause to shut off smart contracts
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EU backs Data Act with clause to shut off smart contracts

The European Parliament has voted to approve the Data Act — controversial legislation that includes a stipulation necessitating smart contracts have the ability to be terminated. In a Nov. 9 press release, the parliament said the legislation passed 481 votes to 31 against. To become law, it will now need approval from the European Council — the heads of each…

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Cryptoqueen’s OneCoin legal chief pleads guilty to fraud
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Cryptoqueen’s OneCoin legal chief pleads guilty to fraud

The former compliance chief of OneCoin — a 2015 crypto scheme that defrauded investors out of $4 billion — has pleaded guilty to wire fraud and money laundering charges in Manhattan federal court. In a Nov. 10 statement, the Department of Justice (DOJ) said that U.S. District Judge Edgardo Ramos had accepted 42-year-old Irinia Dilkinska’s guilty plea. “Head of Legal…

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Google and Anthropic Are Gunning for AI Dominance with New Chips
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Google and Anthropic Are Gunning for AI Dominance with New Chips

Google is forging a deeper alliance with Anthropic, the startup behind ChatGPT competitor Claude AI, by providing its specialized computer chips to boost its capabilities. This partnership is fortified by a substantial financial infusion from Google to Anthropic. As Decrypt previously reported, Google’s commitment featured a 10 percent stake acquisition for $300 million followed by additional funding, totaling a significant…

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Google and Anthropic Are Gunning for AI Dominance with New Chips
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Google and Anthropic Are Gunning for AI Dominance with New Chips

Google is forging a deeper alliance with Anthropic, the startup behind ChatGPT competitor Claude AI, by providing its specialized computer chips to boost its capabilities. This partnership is fortified by a substantial financial infusion from Google to Anthropic. As Decrypt previously reported, Google’s commitment featured a 10 percent stake acquisition for $300 million followed by additional funding, totaling a significant…

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