A U.S. federal judge sided with the SEC, finding that Ian Balina broke securities laws by participating in a 2018 crypto token ICO. Source: https://cointelegraph.com/news/sec-wins-suit-ian-balina-crypto-ico-promotion
Month: May 2024
Political correctness in AI systems is the biggest concern: Elon Musk
Some of today’s most prominent artificial intelligence projects are being trained to “basically lie,” according to Musk. Source: https://cointelegraph.com/news/elon-musk-warns-political-correctness-bias-ai-systems
Algorand causes a stir with new ad bashing Bitcoin, Ethereum and Solana
The Algorand Foundation’s latest ad takes a swipe at the “big three” crypto networks, saying they’re too slow, too expensive or prone to failure. Source: https://cointelegraph.com/news/algorand-causes-stir-new-ad-bashing-bitcoin-ethereum-solana
SEC’s ETF nod could bring ‘ETH season’ if 3 key indicators hold
Three key indicators suggest the possibility that ETH could surpass its all-time high, according to a crypto trader. Source: https://cointelegraph.com/news/ethereum-spot-etf-price-indicators-crypto-trader
IMF Calls Zimbabwe’s Gold-Backed Currency an ‘Important Policy Action’
The International Monetary Fund (IMF) has stated that Zimbabwe’s recently introduced gold-backed fiat currency represents a significant policy step. This is the IMF’s first substantial comment on the currency since its inception. The global lender has reportedly announced plans to send a team in June to evaluate the performance of the new currency. Contrasting IMF […] Source: https://news.bitcoin.com/imf-calls-zimbabwes-gold-backed-currency-an-important-policy-action/
Federal Reserve Poll Reveals Only 7% Used Cryptocurrency in 2023; Contradicts Coinbase Data
The “Economic Well-Being of U.S. Households in 2023” survey, prepared by the Federal Reserve and executed by Ipsos, has revealed that only 7% of the people polled held or used cryptocurrency in the U.S. The survey, which included 11,400 respondents, contrasts with the over 52 million U.S. citizens who crypto exchange Coinbase claims hold crypto […] Source: https://news.bitcoin.com/federal-reserve-poll-reveals-only-7-used-cryptocurrency-in-2023-contradicts-coinbase-data/
Polymarket gets backlash over ‘approved’ outcome on $13M Ethereum ETF bet
A multi-million bet on “Ethereum ETF approved by May 31” resolved to a “Yes” on Polymarket as news from the SEC broke, but the losing side argues it’s not over yet. Source: https://cointelegraph.com/news/polymarket-gets-backlash-over-approved-outcome-13-million-ethereum-etf-bet
Man behind AI-generated fake Biden robocalls is indicted
Steven Kramer allegedly used deep fake tech to generate and send thousands of robocalls to New Hampshire residents imitating President Biden’s voice in January. Source: https://cointelegraph.com/news/man-behind-ai-generated-fake-biden-robocalls-indicted
Ether ETFs launch next month ‘certainly possible’ as issuers submit S-1s
The launch date will largely depend on how quickly approved applicants amend their S-1 registration statements and how many rounds of feedback they receive from the SEC. Source: https://cointelegraph.com/news/ether-etf-launch-next-month-certainly-possible-analysts-say
Ether ETF approved so why aren’t we rich yet?
Crypto commentators suggest there could be two reasons why the price of ETH hasn’t rocketed in the wake of spot Ether ETF approvals. Source: https://cointelegraph.com/news/ether-etf-approved-ethereum-price-sluggish