Last week, New Jersey Bankruptcy Judge Michael Kaplan ruled BlockFi custodial wallet users can be returned nearly $300 million in funds owed. The liquidation plan filed on Friday “provides for the return of non-estate digital assets held in client wallet accounts in connection with the Wallet Program in full, subject to applicable set offs,” the firm tweeted. Source
Legendary hedge fund manager Paul Tudor Jones said he’s still hanging on to his bitcoin and always will. The founder of Tudor Investment and New York City’s Robinhood Foundation told CNBC’s “Squawk Box” Monday that he’s “never sat on a horse that long.” Jones began buying the cryptocurrency in 2020 as a hedge against inflation. At the time, he compared it to the gold trade back in the 1970s. “From the beginning, I’ve always said I want to have a small allocation to it because it’s the only thing humans…
On May 15, 2023, the Bitcoin Cash network achieved another annual milestone by seamlessly integrating four cutting-edge features into its consensus ruleset. At precisely 1:24 p.m. UTC on Monday, the eagerly anticipated upgrade went live, marking a significant leap forward for the peer-to-peer electronic cash platform. Bitcoin Cash fans believe the transformative changes are set to revolutionize the blockchain’s ecosystem. Bitcoin Cash Network Takes a Leap Forward With 4 New Ruleset Changes At Bitcoin Cash block height 792,772, the network successfully upgraded the blockchain. The upgrade is more developer focused…
Your guide to the exhiliarating and vaguely terrifying world of runaway AI development. It’s been a hell of a couple of weeks for Melbourne digital artist Rhett Mankind, 46, who enlisted ChatGPT to create a $100 million market cap coin called Turbo, which has now inspired a Beeple artwork and saved a man’s life. Mankind, who knows nothing about coding, gave ChatGPT a $69 budget and asked it to design a top 300 memecoin. It came up with the tokenomics, the name “TurboToad” and Mankind used Midjourney to create the…
The ruling People Power Party said that it would launch an internal task force to investigate Kim’s cryptocurrency transfers on Monday. Rep. Yun Chang-hyeon, who heads the special committee on digital assets will head the task force, along with Rep. Kim Sung-won. Source
Google has unveiled two handy features for identifying, marking up, and labeling fake or misleading AI images. Google (NASDAQ: GOOGL) is rolling out a tool that identifies fake artificial intelligence (AI) images generated via its search feature. Reports state that the company’s new feature would reduce the spread of misinformation by identifying misleading AI imagery. Google’s new image search tools prove handy since AI tools can now seamlessly create photo-realistic imitations. An announcement last week by Google heralding its image identification feature read: “As we begin to roll out generative image capabilities, we…
A recent report from The Influencer’s Club suggests that the creator economy was worth over $100 billion in 2022 and continues growing. Recent trends appear to back this up, with YouTube expanding to Shorts, TikTok’s launch of Pulse and Facebook pushing content with Reels. The creator economy is expanding in other ways too, with the use of artificial intelligence tools like ChatGPT and DALL-E to generate content, the rise of live streaming platforms like Twitch and growing interest in podcasting. However, creators face a number of challenges that will likely…
The United States Department of Commerce has imposed a 10-year export privilege ban on Virgil Griffith, an Ethereum developer serving a five-year prison sentence. The ban restricts him from enjoying export privileges until April 12, 2032. The export privilege ban affects his ability to participate in international trade and business. On April 12, 2022, Virgil Griffith was convicted in the U.S. District Court for the Southern District of New York for breaching the International Emergency Economic Powers Act (IEEPA). Griffith was found guilty of unauthorized export of services to North Korea and…
Amid mounting debt-limit default risks, US investors have turned to Bitcoin as ‘digital gold’ to better hedge their savings. Amid rising debt-limit default risks, Bitcoin (BTC) is the preferred safe-haven asset compared to other established global fiat currencies. A recent report stated that investors have turned to BTC to hedge their investments, compared to the US dollar, Japanese yen, or Swiss franc-yielding assets. In addition, Bitcoin’s growing popularity as a veritable option rivals that of gold now. The likelihood of a US debt default is at its highest point in recent times…
Zimbabwe seeks to use gold-backed crypto tokens to salvage the country’s economic situation. The Reserve Bank of Zimbabwe has dammed any potential consequences by selling 14 billion Zimbabwean dollars ($39 million) worth of gold-backed digital tokens. That is despite an earlier warning it received from the International Monetary Fund (IMF) not to go ahead with the plans. At the time, the International body cautioned about the potential risks of the plan, suggesting that Zimbabwe would be better off liberalizing its foreign exchange market. As of May 12, the apex bank…