Aragon DAO Unites Against Founders For Legal Battle
The Aragon token holders, reacting to the termination of the Aragon Association, has voted for a collective lawsuit against the project’s founders.
Genesis vs. Gemini: Escalating Conflict
The bankrupt crypto lender Genesis has filed a lawsuit against the crypto exchange Gemini, seeking recovery of $689 million in preferential transfers.
A New USDC Standard for EVM Networks
Circle has introduced a Bridged USDC standard for the Ethereum Virtual Machine (EVM) blockchain, addressing the “cold start” problem by granting early access to USDC liquidity.
Sam Altman Returns to OpenAI
Sam Altman is set to make a comeback as the CEO of OpenAI following a mutually agreed resolution, with details yet to be disclosed. Greg Brockman, a co-founder of OpenAI who had earlier stepped down alongside Altman, is also set to return.
CZ Released on Bail, Faces Up to 10 Years in Prison
Changpeng Zhao (CZ) pleaded guilty to violating the Bank Secrecy Act and agreed to pay a $50 million fine. Despite this, he has been released on bail for $175 million.
dYdX’s Firm Response: No Compromise with Malicious Entities
Antonio Juliano, the creator of the decentralized exchange protocol dYdX, recently shed light on an insurance fund incident. He specified that it occurred on the v3 chain, not the dYdX Chain, resulting in a loss of $9 million for the platform.
AI in the Banking Sector: Benefit or Hazard?
The latest report from Bank of America casts light on the dualistic role of artificial intelligence (AI) in the banking sector. AI is touted to boost operational efficiency and productivity, with a potential upswing in banking profits.
FIAT Launches Free NFT Collection
Leading Italian automaker FIAT, in partnership with the Zealy platform and Arbitrum blockchain, is set to release 55,000 exclusive FIAT Pass NFTs today at 11:00 a.m. ET. These NFTs will be distributed from November 21 to November 30, 2023, on a first-come, first-served basis to users on the whitelist.
Philippine Officials Forge Ahead with New Technologies
The Philippines’ Bureau of the Treasury collaborates with the nation’s central bank to use digital currency (CBDC) for the sale of tokenized government securities. This week, the government successfully raised $271 million through tokenized one-year bonds.
Crypto Holders File Class-Action Lawsuit Against Apple
Venmo and Cash App users unite in a class-action lawsuit against Apple, claiming that licensing agreements with the company restrict the use of decentralized cryptocurrency payments (P2P).
Japanese Digital Securities Make Their Debut
Ichigo, a company based in Japan, is set to introduce the first-ever trade of tokenized securities on the Osaka Digital Exchange (ODX), with assets backed by real estate and valued at $20 million. Similarly, Kenedix, another company specializing in real estate, is planning to launch comparable initiatives.
Tether and DOJ Jointly Freeze $225 Million in Criminal Funds
Tether has executed a significant freeze of $225 million in assets, targeting an international crime ring involved in human trafficking. This strategic move was a result of a collaboration between Tether, the U.S. Department of Justice, and the cryptocurrency exchange OKX.
Mass Employee Exodus Looms over OpenAI
A contingent of over five hundred OpenAI staff members has rallied behind an open letter to the company’s executives, demanding a reshuffle of the board of directors or facing a mass resignation. This ultimatum is in direct response to the controversial dismissal of Sam Altman from the CEO role.
Bullish Crypto Exchange Takes Over CoinDesk
Under the leadership of Tom Farley, ex-President of NYSE, Bullish, an institutional crypto exchange, has officially taken ownership of the news platform CoinDesk from Digital Currency Group. Investment plans are in place for CoinDesk, though details remain under wraps.
Argentinians Elect a Pro-Bitcoin President
Bitcoin advocate Javier Milei has secured victory in Argentina’s presidential elections. Milei, a vocal critic of Argentina’s central bank, blames its economic handling for the 140% annual inflation rate of the Argentine peso over the past year.
Kronos Research Suffers $25M Hack
Taipei-based Kronos Research, a prominent trading firm and market maker, faced a significant security breach. Hackers accessed the firm’s API keys, leading to an estimated loss of $25 million in ether, as reported by blockchain researcher ZachXBT.
OpenAI Investors Urge Sam Altman’s CEO Reinstatement
Major investors of OpenAI are pushing for the reinstatement of Sam Altman as Chief Executive Officer following the surprising board decision to terminate him last Friday.
AI Set to Transform UK Public Sector Administration
In an effort to modernize public services, the UK government plans to introduce artificial intelligence in sectors like security, education, and healthcare, targeting the reduction of routine, time-consuming tasks. This approach is set to refocus employees on their key responsibilities.
Justin Sun Puts Up $10 Million Reward for Poloniex Hacker
Offering a deal of $10 million, Justin Sun has reached out to the hacker behind the Poloniex cryptocurrency exchange breach to recover the stolen funds. Sun asserts that the hacker’s identity is no secret, with international law enforcement ready to intervene following a formal complaint from the exchange.
Sam Altman was fired by the board of OpenAI directors
CTO Mira Murati will assume the role of interim CEO. The board’s decision followed a “deliberative review process,” which revealed concerns that Altman “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.”
Crypto Gurus Diton and Bons Spar Over Bitcoin’s Viability
In the cryptocurrency arena, John Diton and Justin Bons have sparked a debate over Bitcoin’s potential. Justin criticizes prime cryptocurrency for its numerous technical limitations, believing that it’s been eclipsed by other crypto projects.
Crypto Bets Surge on Snoop Dogg’s Weed-Free Pledge
The cryptocurrency community has taken to Polymarket to place their bets on whether Snoop Dogg will keep off weed until the end of 2023. The initiative follows Snoop Dogg’s declaration of giving up smoking weed, made after extensive pondering and family consultations, with the specific reasons for his choice kept under wraps.
Ukraine Debuts Proposed Legislation for Cryptocurrency Oversight
A new bill focusing on cryptocurrency regulation, authored by Ukraine’s Digital Transformation Minister Mykhailo Fedorov, has been officially registered in the nation’s supreme legislative body, the Verkhovna Rada.
Meta’s Latest Reveal: Advanced Generative AI
Meta has recently introduced two artificial intelligence models, Emu Video and Emu Edit. Emu Video specializes in generating brief 4-second videos from textual descriptions or initial images, while Emu Edit focuses on detailed image editing capabilities.
Ukrainian Officials Boost Crypto Investigation Skills
Law enforcement and regulatory authorities in Ukraine recently underwent advanced training in probing financial crimes related to cryptocurrencies and digital assets.
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Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
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Zora Network Reviewed: A Testnet Guide
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.