Month: April 2023

The feds must rein in crypto-financed terrorism

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While regulators and policymakers dither and try to decide if cryptocurrencies have a future in the economy, early adopters, including terrorists and violent extremists, are exploiting a law enforcement blind spot. The ease by which money laundering and terrorism financing take place with cryptocurrencies and the more dangerous privacy coins are becoming a security threat of our own making through bureaucratic inaction. The recent indictment of a New York woman accused of sending funds to Hay’at Tahrir al-Sham — designated by the United States and United Nations as a Foreign Terrorist…

GPT-4 apps BabyAGI and AutoGPT could have disruptive implications for crypto

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A recent spate of applications built on OpenAI’s GPT-4 API has the crypto community buzzing with designs toward the development of a fully-autonomous, self-correcting cryptocurrency trading bot. AutoGPT set to 100 runs. Goal: amalgamate best indicators for Crypto trading in Pine code. Result looping errors. Scavenged through output, found enough bits for GPT4 to give me strategy Pine code. 4hr backtested 2018 to now. $25 to $92M. Started test today, currently $1 profit — Under_the_Valley (@ValleyUnder) April 11, 2023 Two such apps, dubbed ‘BabyAGI’ and ‘AutoGPT’, have received particular notice…

Core Scientific debtors petition bankruptcy court to approve new president

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The debtors behind bankrupt cryptocurrency mining firm Core Scientific filed a motion for the approval of hiring a permanent president. In an April 10 filing with United States Bankruptcy Court for the Southern District of Texas, Core Scientific said it was addressing “a gap in the Debtors’ management team” prior to the firm filing for bankruptcy in December 2022. The debtors appointed Adam Sullivan, a managing director at investment banking firm XMS Capital Partners, to assume the role of president amid the company’s bankruptcy proceedings. “Mr. Sullivan is no stranger…

Gaming Tech Company Razer Introduces Web3 Venture Fund

Called zVentures Web3 Incubator (ZW3I), the fund will identify and invest in promising early-stage Web3 gaming projects. Using its expertise and network, it will focus on enhancing the gamer experience through games that are fun to play, provide a sound roadmap and are backed by an established team. Source

Stablecoin less preferable form of tokenized money, BIS paper finds

The singleness of money is the assurance that public and private money trade at the same rates. Even small differences between public and private money rates can have a ripple effect across transactions. A Bank of International Settlements (BIS) working paper compared models of private tokenized money in terms of their singleness as a complement to a central bank digital currency. Tokenization is “the process of representing claims in a digital form that allows them to be transacted on programmable platforms using smart contracts,” the paper said. Tokenized money can…

Bitfinex Securities El Salvador receives Digital Asset Service provider license in El Salvador

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Digital asset exchange “Bitfinex Securities El Salvador” has received a digital asset service provider license under El Salvador’s new Digital Assets Issuance Law, which was passed by El Salvador’s National Congress in January 2023, with the goal of fostering increased financial innovation and growth in the Central American country.  According to the announcement, the license, which was granted on April 11 by El Salvador’s National Digital Asset Commission, makes Bitfinex Securities El Salvador “the world’s first international digital asset platform to receive approval to be licenced as a Digital Asset…

Uniswap funds DAO incentive improvement project

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Financial modeling platform Gauntlet has been awarded a grant from Uniswap Foundation to improve DAO incentive mechanisms, according to an announcement from Gauntlet. Very excited to announce our engagement with @gauntletnetwork and their new Applied Research Group! Gauntlet will be focused on designing and specifying incentive programs to benefit the Uniswap Protocol. https://t.co/RjzV02hFhf — Uniswap Foundation (@UniswapFND) April 11, 2023 Gauntlet describes itself as a “crypto-native financial risk management solutions provider.” It uses economic models to optimize fees and rewards for decentralized finance (DeFi) protocols, according to the announcement. The…