Month: April 2023

Binance Chief, Jimmy Butler, and Other Influencers Face $1B Lawsuit for Promoting Unregistered Securities

The lawsuit blames crypto exchange Binance and its affiliates for illegally promoting unregistered securities and also engaging in the activities of BNB burn. Crypto exchange Binance and its CEO Changpeng Zhao (CZ) is facing another set of difficulties in a high-profile legal challenge. Just a few days after the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance, the Moskowitz Law Firm, and Boies Schiller Flexner have also fined another class action lawsuit targeting the Binance chief along with other influencers such as NBA star Jimmy Butler, for…

Italian regulator draws criticism for blocking AI chatbot ChatGPT

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Italy’s ban on conversational artificial intelligence (AI) ChatGPT sparked major controversy among the tech industry as well as in the country. The Italian Deputy Prime Minister Matteo Salvini expressed criticism that the block over privacy concerns seemed excessive.  On Friday, following concerns raised by the national data agency about possible privacy violations and failure to verify the age of users, Microsoft-backed OpenAI took ChatGPT offline in Italy. This action by the independent agency marked the first instance of a Western country taking measures against a chatbot that operates on artificial…

BitKeep Wallet hits 10 million users driven by successful Arbitrum airdrop

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Decentralized multichain digital wallet solution BitKeep Wallet has announced that it has surpassed 10 million users as of April. The platform has seen tremendous growth in recent months, with over 560,000 new users onboarded in March alone. The surge in users can be attributed to several successful campaigns with popular blockchains like Arbitrum and Sui. BitKeep’s Arbitrum campaign saw the successful launch of ARBK. This native token recorded 708,800 on-chain transactions and was airdropped to over 100,000 users participating in campaign-related tasks and activities. During the campaign period, ARBK was…

BTC price double top forming? 5 things to know in Bitcoin this week

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Bitcoin (BTC) starts a new week in volatile territory, with news of an oil supply cut delivering a choppy start. Still caught at major historical resistance, BTC/USD delivered an unappetizing weekly close on news of oil production cuts. A subsequent rebound may show bulls’ mettle, but the question for analysts is what happens next. Will oil prices dictate market moves or can Bitcoin break through $30,000? Under the hood, the picture is as rosy as ever, with network fundamentals due to hit new all-time highs this week while dormant supply…

Two Luxembourg-based Satellite Rivals SES and Intelsat Confirm Possibility of Merger to Take on Musk’s SpaceX

If the transaction goes through, SES and Intelsat will form a single company valued at about $10 billion including debt. In a statement to shareholders, SES SA (LuxSE: SESG), a Luxembourgish satellite telecommunications network provider, noted that it is in advanced merger talks with Intelsat S.A, a multinational satellite services provider. Founded in 1985, SES has grown to a globally respected satellite service provider with over 70 satellites in two different orbits – geostationary orbit (GEO) and medium Earth orbit (MEO). On the other hand, Intelsat announced a fleet of…

Crypto Companies in UK Seeking Governmental Support in Response to Limitations Imposed by Banks

The UK banks increased the pressure on crypto companies following the collapse of Signature Bank and Silicon Valley Bank which affected the US. Crypto companies in the UK are facing multiple challenges while trying to get access to various services from banks, with their applications getting rejected and excess paperwork required. It started in February after HSBC Holdings plc and National Westminster Bank, or simply NatWest (LON: NWG), announced restrictions on the purchase of digital currencies. In particular, NatWest imposed a £1,000 daily limit and £5,000 30-day limit on payments that can…

Bloomberg reveals AI for financial data, community responds

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Financial media outlet Bloomberg revealed a new artificial intelligence (AI) model with the aim of opening new ways to use the data available within the company’s terminal. Many responded to the new development, with some saying that this sparks “the next wave” of corporate AI.  On March 30, Bloomberg released a research paper that provides detailed information about the development of what it calls BloombergGPT. According to the media outlet, the AI has been created to perform various natural language processing (NLP) tasks after training with a large set of…