Enforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.” Source: https://cointelegraph.com/news/sec-silvergate-bank-ftx-lawsuit-securities-fraud
Month: July 2024
Hashnote Partners With Anchorage Digital to Offer Secure Crypto Investment Returns
Hashnote, a digital asset manager, has announced a partnership with crypto custody firm Anchorage Digital to offer secure investment returns for institutional clients. This collaboration integrates Anchorage’s custody services with Hashnote’s derivative strategies. Hashnote and Anchorage Join Forces to Reduce Counterparty Risk for Institutional Investors Investing in Crypto On Monday, Hashnote stated that the “collaboration […] Source: https://news.bitcoin.com/hashnote-partners-with-anchorage-digital-to-offer-secure-crypto-investment-returns/
Running AI in the Field Could Boost Farming: Study
The transformative power of AI across industries has great potential in one of the world’s oldest and most critical sectors: agriculture. Specifically, “edge AI” may be able to transform farming practices, boost productivity yields, and hit sustainability goals across the global food chain, a new study suggests. Edge AI is where AI algorithms are programmed directly on local devices “at…
Ether investment products record largest outflows since 2022
Large outflows from Ether funds contrast with movements seen in Bitcoin and other cryptocurrencies. Source: https://cointelegraph.com/news/ether-investment-products-largest-outflows-2022
Bitcoin Bulls Advance Price, Face Resistance at $64K
The price of bitcoin (BTC) hit an intraday peak of $63,794 on Monday, reflecting a 2% gain against the U.S. dollar in the past 24 hours. Currently, BTC is trading at $63,070 per unit. The day’s upward movement led to $124.64 million in crypto short and long liquidations, with bitcoin shorts comprising $49.85 million. $49M […] Source: https://news.bitcoin.com/bitcoin-bulls-advance-price-face-resistance-at-64k/
SEC Sues Silvergate Over ‘Misleading’ Statements Following FTX Collapse
Silvergate Bank, a crypto-friendly institution that shut down in March 2023, was sued by the U.S. Securities and Exchange Commission (SEC) on Monday, with the agency alleging in a filing that the firm’s leadership had misled the public and failed to properly monitor an estimated $1 trillion worth of transactions. Among those were some $9 billion worth of transactions from…
Apple’s Vision Pro Will Be Infused With AI Smarts: Report
Despite putting plans for its next generation of Apple Vision Pro hardware on the back burner, Apple is going to update its spatial computing headset with AI features powered by its “Apple Intelligence” initiative. That’s according to a Bloomberg report from Mark Gurman, who notes that the $3,499 device will not be getting its AI upgrades this year alongside other Apple…
Steno Research: Spot ETFs Will Take Ether to $6,500 Later This Year
Steno Research, an independent macroeconomics, geopolitical, and crypto research house, has predicted that the spot ether ETF, presumed to start trading in early July, will take ETH to $6,500. Steno’s latest post on the subject forecasts that Ether ETFs will perform better than leading analysts have predicted, bringing up to $20 billion in inflows this […] Source: https://news.bitcoin.com/steno-research-spot-etfs-will-take-ether-to-6500-later-this-year/
Experts say latest SCOTUS opinions will limit SEC power over crypto
The conservative members of the U.S. Supreme Court sided with two majority opinions that could have lasting implications for federal agencies to enforce laws. Source: https://cointelegraph.com/news/scotus-sec-opinions-enforcement-crypto
ChatGPT Could Send Users to Malicious Sites: Report
Because generative AI can sometimes hallucinate, conjuring inaccurate or false information, users are encouraged to check its references. As it turns out, that could also lead to trouble. ChatGPT could be providing users links to websites hosting malware, according to a Monay report by Futurism. The discovery came during a test of ChatGPT’s knowledge of current events. When asked about…