After a brief interruption in minting activity via its technological partner Prime Trust, the stablecoin TrueUSD (TUSD) lost its dollar peg in the early hours of June 10. At its lowest in the last 24 hours, the market price of the fifth most valuable stablecoin by capitalization was $0.9958. Its
June 11, 2023 2 mins read
As part of its continuing bankruptcy procedures, the now-defunct FTX exchange was granted permanent anonymity for its users by a Federal Court in a historic judgement. The Associated Press reported that the verdict came after a two-day hearing in which the media and the United States Bankruptcy Trustee argued against
June 10, 2023 2 mins read
Sam Altman, CEO of OpenAI, has said that China should take the lead in formulating artificial intelligence rules to guarantee the security of game-changing new technologies. According to Bloomberg, Sam Altman, who has become the face of contemporary AI because of ChatGPT’s success, is in favor of China taking the
June 10, 2023 2 mins read
A lawsuit filed against the decentralized finance (DeFi) platform PoolTogether in the United States was recently dismissed. The judgment states that the federal court system is not the proper venue for voicing concerns about the DeFi startup. Judge Frederic Block of a federal district court in the United States remarked
June 8, 2023 2 mins read
Binance Pay has partnered with Credencial Payments, a payment solution provider located in Latin America (LATAM), in a major step toward increasing access to digital currencies in LATAM. CZ, CEO of Binance, also tweeted about the agreement that would streamline crypto payments in the area. Credencial Payments’ current infrastructure will
June 8, 2023 2 mins read
A US judge has rejected reality TV star Kim Kardashian’s plea to dismiss the crypto-related litigation now pending against her. There are allegations that Kim defrauded investors. By promoting EthereumMax on her social media platforms without disclosing that she was compensated for doing so. Kim Kardashian’s attorneys asked the judge
June 7, 2023 2 mins read
According to Semafor, FTX is considering selling its interest in OpenAI competitor Anthropic. According to reports from November 2022, the cryptocurrency exchange now owns over $500 million worth of shares in Anthropic. Semafor reports that the bank that might be selling the shares is Perella Weinberg, and that the bank
June 7, 2023 1 min read
Machi Big Brother, a well-known NFT whale and former musician and tech entrepreneur, recently made headlines when they announced that they would be moving their Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs to the widely-used Binance cryptocurrency exchange. As a show of support for Binance
June 6, 2023 1 min read
Additional initiatives to increase the openness of AI technologies like OpenAI’s ChatGPT have been explored by European Union officials. Companies using generative AI technologies that have the “potential to generate disinformation” should mark their material. Vera Jourova, vice president for values and transparency at the European Commission, told the media
June 6, 2023 1 min read
On-chain specialists verified on June 5 that Multichain protocol transactions were taking place, signaling the return of certain cross-chain bridges. Vice President and admin Tung Dinh of Multichain has verified that router2 has returned to service. The price of Multichain’s native token, MULTI, soared by 40% in a matter of
June 5, 2023 1 min read
