Ethereum co-founder Vitalik Buterin claims it is a “bad idea” to use artificial intelligence (AI) for governance. In an X post on Saturday, Buterin wrote: “If you use an AI to allocate funding for contributions, people WILL put a jailbreak plus “gimme all the money” in as many places as they can.” Why AI governance […]
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Christian Catalini, co-creator of Meta’s now-defunct Libra project, took to X to explain how Stripe’s Tempo blockchain fails one of the basic tenets of the crypto movement: decentralization. In fact, Catalini believes that if Stripe’s Tempo succeeds commercially, it would mean that early crypto idealists will have to embrace a future where the original ethos […]
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Paolo Ardoino, CEO of Tether, the issuer of the largest stablecoin USDT, took to X on Sunday to refute claims about the firm selling its Bitcoin (BTC) to invest in gold. In his post, Ardoino wrote that “Tether didn’t sell any Bitcoin,” adding that: “While the world continues to get darker, Tether will continue to […]
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Polygon developer Bruno Skvorc lashed out at World Liberty Financial (WLF) on Saturday, accusing the company of stealing his funds. In a post on X, Skvorc wrote: “…they stole my money, and because it’s the @POTUS family, I can’t do anything about it.” Skvorc was one of the hundreds of users, including Tron founder and […]
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Tesla CEO Elon Musk’s artificial intelligence (AI) startup xAI will not be licensing out its technology to the carmaker, Musk noted in an X post on Sunday. His post refuted a Wall Street Journal article published on Sept. 7, which claimed that the two companies owned by Musk had chalked out a deal. WSJ’s claims […]
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Crypto exchange Coinbase secured a partial victory in federal court this week in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). In a filing dated Sept. 5,  the US District Court for the Southern District of New York, Judge Katherine Failla partially granted Coinbase’s motion to compel the SEC to hand […]
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Binance is in hot water in Nigeria in the aftermath of its settlement with the U.S. Department of Justice (DOJ). Nigeria’s House of Representatives Committee on Financial Crimes issued an ultimatum to Binance CEO Richard Teng on Friday, according to a local news report. Ginger Onwusibe, the chairman of the committee, has asked Teng to […]
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FTX and Alameda bankruptcy advisers made allegations of fraud against crypto exchange Bybit, its two corporate affiliates, and four senior executives, in a lawsuit filed on Nov. 10. The lawsuit alleged that the defendants used a “fraudulent scheme” to withdraw cash and assets from the FTX platform, right before it collapsed. FTX is looking to […]
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