The volatility caused over $140 million in bitcoin futures and $80 million in ether futures to take on losses. Of this, 58% of futures losses came from shorts, or bets against price rises, while the remaining came from longs, or bets on price rises – meaning both short-sellers and long traders were hit almost equally. Source
United States officials want to remove a provision included in bankrupt lender Voyager Digital’s plan to sell its digital assets to crypto exchange Binance.US that would prevent them from legally pursuing anyone involved with the sale. In a motion filed on March 14 in a New York Bankruptcy Court, U.S. Trustee William Harrington and other government attorneys argued: “the court improperly exceeded its statutory authority” in approving a the pardoning. They requested the court’s approval of the sale be delayed for two weeks to allow them to file an appeal.…
Ethereum-based noncustodial lending protocol Euler finance is trying to cut a deal with the exploiter that stole millions from its protocol, demanding the hacker returns 90% of the funds they stole within 24 hours or face legal consequences. The platform was exploited for $196 million on March 13 and Euler Labs sent its ultimatum to the flash loan attacker by transferring them 0 Ether (ETH) with an attached message on March 14: “Following up on our message from yesterday. If 90% of the funds are not returned within 24 hours,…
The dollar-pegged stablecoin has failed to win back investors following last week’s depegging. Circle Internet Financial’s USDC stablecoin massively depegged from its intended $1 price on Friday night after Silicon Valley Bank (SVB), where Circle parked over $3.3 billion in treasury assets, was shut by regulators. Source BillionBurntdatadayShowsSingleStablecoinUSDC CryptoX Portal
Euler has sent multiple on-chain messages to the attacker in the past 48 hours. Source
A new study shows that payments via central bank digital currencies (CBDCs) are expected to reach $213 billion annually by 2030. Furthermore, 92% of the total value transacted via CBDCs will be paid domestically, the research found. $213 Billion Annually Research and market intelligence firm Juniper Research published a report on central bank digital currencies (CBDCs) Monday. The firm wrote: The value of payments via CBDCs (central bank digital currencies) will reach $213 billion annually by 2030; up from just $100 million in 2023. This radical growth of over 260,000%…
The dollar-pegged stablecoin has failed to win back investors following last week’s depegging. Circle Internet Financial’s USDC stablecoin massively depegged from its intended $1 price on Friday night after Silicon Valley Bank (SVB), where Circle parked over $3.3 billion in treasury assets, was shut by regulators. Source
Crypto bank Anchorage Digital announced it would be letting go of 75 employees, representing approximately 20% of its workforce, citing regulatory uncertainty in the United States as a factor in its decision. In a March 14 statement labeled the layoffs as “a strategic realignment to better focus our resources,” and pointed to “broad macroeconomic challenges, and crypto market volatility” as other factors contributing to its shift in strategy. It said the market conditions had boosted demand for its product and client assets under custody “are at an all-time high,” but…
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GPT-4, the latest version of the Artificial Intelligence (AI) chatbot, ChatGPT, can pass high school tests and law school exams with scores ranking in the 90th percentile and has new processing capabilities that were not possible with the prior version. The figures from GPT-4’s test scores were shared on March 14 by its creator OpenAI revealing it can also convert image, audio and video inputs to text in addition to handling “much more nuanced instructions” more creatively and reliably. “It passes a simulated bar exam with a score around the…