Month: April 2023

Messi-Endorsed Crypto Exchange Bitget Has Been Flagged by Japan

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Japan’s Financial Services Agency (FSA) has warned against four foreign cryptocurrency exchanges supposedly operating in the country without local registration. These exchanges are Bybit, BitForex, MEXC Global, and Bitget. According to the FSA notice issued last Friday, all four named cryptocurrency exchanges are in violation of the country’s fund settlement laws as they conducted “crypto asset exchange business without registration.” The regulatory warning further highlighted that having a list of unregistered traders “does not necessarily indicate the current state of unregistered business.” Bybit is a big name when it comes…

Sandwich trading bots lose bread and butter in $25M exploit

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Maximal Extractable Value (MEV) bots who were trying to perform “sandwich trades” got outsmarted by a rogue validator, leading to a loss of $25 million worth of digital assets.  In a Twitter post, blockchain security firm CertiK highlighted that bots who were trying to execute sandwich transactions — spotting when traders are trying to purchase tokens and getting in between the trade for some profit — lost a huge amount of crypto to a validator that went rogue. #CertiKSkynetAlert It appears that several MEV bots were exploited in Ethereum block…

Alchemy Pay Sees $10M in Investment Funding as Native Token Jumps

Alchemy’s new raise of $10 million was single-handedly funded by market maker DWF Labs. Singapore-based payments provider Alchemy Pay has taken its expansion efforts a bit further. Alchemy Pay raised $10 million in investment funding to reach a valuation of $400 million, according to a press release. Alchemy Pay Keen on Expanding Its Business For what it’s worth, Alchemy Pay has been focused on leveraging the crypto-friendly nature of South Korea to its fullest capacity. According to a recent statement by the firm, it aims to be at the forefront…

GMO Financial Holdings Buy 10% of Crypto Hedge Fund AWR Capital for Undisclosed Amount

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Bitcoin Thesis Becomes Top Seller on Amazon

According to Lowrey’s concise description on Amazon, he had advised several senior US executives on Bitcoin-associated regulations in the offices of the President, Secretary of Defence, and the Joint Chiefs of Staff. Amazon‘s best seller is a wordy academic paper on Bitcoin, written by the United States Space Force Major. “Softwar” expresses giant support for Bitcoin as potentially playing a major role on the world’s geopolitical stage as a military-grade solution for gathering information, and is conceptually far away from the monetary use of Bitcoin’s network today. The academic paper…

Generative AI: eight questions that developers and users need to ask

3 April 2023 Stephen Almond, Director of Technology and Innovation, leads the ICO’s team responsible for anticipating, understanding and shaping the impacts of emerging technology and innovation on people and society. News stories about the implications of generative artificial intelligence (AI) and large language models (LLMs) are reaching a climax, with almost two thousand academics and technology experts signing a letter last week calling for a six-month moratorium. LLMs (such as ChatGPT) and their use cases – from writing essays to powering chatbots or creating websites without human coding involved…

Tesla Q1 2023 Deliveries Set New Quarterly Record but Falls Short of Analysts’ Expectations

The 422,875 deliveries Tesla made for Q1 2023 surpassed the company’s previous record of 405,278 in Q4 2022. Tesla (NASDAQ: TSLA) has posted its Q1 2023 report on vehicle production and deliveries, setting a new company record. The EV manufacturing giant said it produced 440,808 vehicles and delivered 422,875 cars for the first quarter of 2023. Tesla’s deliveries are the closest sales approximation by the company and are not differentiated by individual model or region.  Although Tesla set a new company record with quarterly production and deliveries, the Austin-based electric vehicle…