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OpenAI Faces Backlash for Releasing Overly Agreeable ChatGPT Model OpenAI has sparked controversy after disregarding concerns from experts and launching a new version of its ChatGPT model that exhibits overly agreeable behavior. The decision to release this model, despite warnings from various specialists, has raised questions about the potential consequences of promoting such compliant artificial [...]
The recent guidelines set forth by the US Securities and Exchange Commission (SEC) regarding stablecoins have sparked a debate within the cryptocurrency community. Caroline Crenshaw, a SEC commissioner, has raised concerns about the potential impact of these guidelines on the stablecoin market. Crenshaw believes that the SEC’s approach to regulating stablecoins may stifle innovation and [...]
The post SEC Misrepresents USD-Stablecoin Market, Claims Crenshaw appeared first on Crypto Breaking News.
Bitcoin is seeing pressure on Monday after the Commodity Futures Trading Commission filed a lawsuit against Binance – the world’s largest crypto exchange. Why is CFTC going after Binance? CFTC alleges that the platform violated federal laws to attract U.S. users – an allegation that may result in a significant blow to its operations. The …
<p>The post CFTC complaint says Binance ‘knowingly disregarded’ federal laws first appeared on CCNC | Cryptocurrency Newscast.</p>
Elon responded the recession may last up to 2024 spring. Musk states “Still very unlikely, but this is the closest
Jim Rogers says the upcoming recession must be the worst in his lifetime. Consumer Price Index in September surged to
Digital currency service providers in Israel are now expected to adhere to the provisions of new Anti-Money Laundering (AML) rules enacted by the Israeli Money Laundering and Terror Financing Prohibition Authority (IMPA). (Read More)
The U.S. Securities and Exchange Commission has filed a lawsuit against the now-defunct cryptocurrency lender, Celsius. The suit, filed Thursday, also names former CEO Alexander “Alex” Mashinsky as a defendant. Both he and the company stand accused of falsely promising investors a safe investment with high returns. Bankrupt Crypto Lender Celsius Accused by SEC of [...]
The post SEC Sues Bankrupt Crypto Lender Celsius, Alleges Misrepresentation of Customer Count and Risky Practices appeared first on Crypto Breaking News.
Cleric, an AI SRE tool, leverages LangSmith's tracing and feedback capabilities to improve debugging efficiency and generalize insights across deployments. (Read More)
EigenLayer kicked off programmatic EIGEN token incentives for restakers in October.
The restaking protocol will start by targeting crypto-native apps, with EigenDA serving as a beachhead for onboarding, Sreeram Kannan said.
Nvidia faces renewed scrutiny over alleged misrepresentation in crypto mining-related sales, with the US DOJ and SEC backing the case.
Over the last week there has been a growing chorus of voices, particularly among certain US senators and congressmen, claiming cryptocurrency is being used to fund terrorism, supporting the likes of the Hamas organization and other terrorist groups. They are now calling for investigations into USDT issuer Tether and exchanges like Binance US.
While we support investigating such allegations, it's equally important to for the industry to immediately shut down any attempts by established anti politicians to fabricate, or exaggerate the claims.
The allegations against Tether and Binance US stem from a Wall Street Journal report that claims these crypto entities facilitated transactions involving individuals and entities subject to U.S. sanctions. The report further suggests that Tether used U.S. bank accounts for potentially suspicious transactions.
If There's Proof, It's Been Hard To Find...
Blockchain analysis company Elliptic says it has found no evidence to support the claims of The Wall Street Journal. They argue that the data has been misinterpreted.
Binance and Tether are so sure the story is wrong that they are urging the U.S. government to verify the facts, saying the Wall Street Journal's report contained misleading statements. Both have unequivocally stated they operate under a strict zero tolerance policy when it comes to providing services to anyone linked to terrorism.
If Shady Journalists and Politicians are Successful in Linking Crypto to Terrorism, We Could See A New Level Of Government Aggression.
The allegations that organizations like Hamas used crypto assets to raise funds before attacks in October have far-reaching implications. They not only affect the cryptocurrency sector but also muddy the waters when it comes to regulatory clarity for the crypto ecosystem in the United States.
No surprise, it's the usual crew of tech-illiterate politicians, the ones we've seen having over-emotional meltdowns during various capitol hill hearings on crypto, who are pushing this narrative now.
Led by Senators Elizabeth Warren and Sherrod Brown, the senators recently told the press they've written to the White House demanded answers about the role of cryptocurrencies in recent events, specifically attacks against Israel. They've also questioned the White House about its plans to prevent the use of cryptocurrencies for terrorist financing.
What they're doing is obvious - making sure they can still say 'We never claimed crypto was being used to fund terrorism' - and instead they just 'asked what we can do to prevent that from happening' - fully aware that this advances a misconception that crypto is key to shutting down terrorism financing, all while lacking any supporting evidence.
What's ironic in all of this, is that traditional banks have had a long history of being caught, knowingly or unknowingly, moving funds for everything from terrorists to cartels.
Where are those bankers today? Still fully operational and controlling billions.
ING helped Iran move billions while under sanctions, they paid $619 million in fines. Standard & Charterer's also paid fines of $340 million after hiding being caught hiding records of Iranian clients transactions. Or HSBC who basically became the official bank of Mexican drug cartels - leading to a fine of 1.9 BILLION.
In Closing...
Instead of rushing to judgment, it's crucial to conduct thorough investigations and present concrete evidence The truth is, if there is any crypto being used to fund terrorists, there's no signs any company has helped them, and the amount must be so small that it isn't enough for researchers to spot on the blockchain.
Therefore, we must openly refuse to accept more blame than banks whos violations involved MUCH larger amounts.
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Author: Jules Laurent
Euro Newsroom |
Speakers at the Bitcoin Amsterdam 2024 conference discussed how flawed academic studies on Bitcoin fuel misinformation, affect media coverage and lead to misguided policies.
The suit claims “shadowy entities” set up by Fenwick & West were allegedly used by FTX and former top executives to misappropriate customer funds.
A Pheu Thai candidate running for prime minister of Thailand position, Srettha Thavisin, has promised that every citizen in the country will receive 10,000 Thai baht ($300) in digital currency if he wins the general election in May. However, a minister within the prime minister’s office in Thailand is concerned and has explained that the [...]
The post Pheu Thai Candidate Promises Digital Currency Airdrop of $300 to Every Citizen in Thailand if Elected appeared first on Crypto Breaking News.
Ethereum co-founder Vitalik Buterin explained the “biggest reason” is because it has to be on a multisig, which is still “fairly difficult” to set up.
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