Last month, Jane Street and Jump, two prominent market makers, announced that they were at very least reducing their trading activity. This compounded the liquidity woes that had been felt since FTX’s collapse, with market depth on exchanges sliding by more than 50% between November and May, according to Kaiko. Source
Sotheby’s latest auction sets a new record, a testament to the resilience and dynamism of the NFT art market. The star of the show, Dmitri Cherniak’s artwork, known widely as “The Goose,” flew off the auction block for an astounding $6.2 million. The tale of “The Goose” is as captivating as the artwork itself. It first rose to prominence when it was snapped up by Three Arrows Capital, a now-defunct cryptocurrency hedge fund. Back in 2021, the company shelled out an eye-watering $5.66 million in ETH for this masterpiece. But…
The Hinman documents were finally unsealed and made publicly available on June 12 after a lengthy back and forth between Ripple and the United States Securities and Exchange Commission (SEC), but what exactly do they reveal? The documents are extensive, and while they can be found in public resources like the Public Access to Court Electronic Records (PACER) or CourtListener, lawyer James Filan tweeted on June 13, compiling them into two URLs. #XRPCommunity #SECGov v. #Ripple #XRP Here are the Hinman documents, by Exhibit number, in one place. https://t.co/6kUYZ1X2WKhttps://t.co/wZQmalfFkS —…
Instead of accepting or acknowledging the license return, the commission insists that BlockFi undergo administrative proceedings. The bankrupt crypto exchange was left with no option but to sue Jorge Perez, the Connecticut banking commissioner. BlockFi’s attempts to return its Connecticut money transmitter license have been futile, as the state regulator has repeatedly refused to respond. Instead of accepting or acknowledging the license return, the commission insists that BlockFi undergo administrative processes that would require the bankrupt crypto exchange to go through some court proceedings or pay a fine. BlockFi filed…
Following a successful Project Rosalind CBDC test, the BoE is making progress with developing and launching a digital pound. The Bank of England (BoE) is moving closer to launching its Central Bank Digital Currency (CBDC) after its long test project on the potential benefits of the technology. The BoE launched Project Rosalind last year to help decide whether to float a CBDC. The BoE undertook the CBDC project in collaboration with the Bank of International Settlements (BIS) to practicalize CBDC usage. According to a report the BIS published on Friday,…
The latest price moves in bitcoin (BTC) and crypto markets in context for June 16, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original
The legal troubles for world’s leading crypto exchange Binance continue to mount as new reports suggest the exchange has been under investigation in France since early last year. According to a report published in French daily Le Monde, the French arm of the crypto exchange has been the subject of a preliminary investigation – conducted by the judicial investigation service of finance under the direction of the specialized interregional jurisdiction of Paris – since February 2022. The Paris public prosecutor’s office reportedly cited “acts of illegal exercise of the function…
While ChatGPT is a popular language model, there are several alternatives available for various natural language processing tasks. Here are seven alternatives to ChatGPT: Google Bard Google’s experimental conversational artificial intelligence (AI) chat service, Bard, provides a web-based interactive platform. It functions similarly to ChatGPT but sources its knowledge differently. Like many other AI chatbots, Bard can code, figure out math issues, and help with writing. Google Bard is built on the foundation of Transformer, an open-source neural network architecture that also supports LaMDA, Google’s prior Language Model for Dialogue Applications.…
While ChatGPT is a popular language model, there are several alternatives available for various natural language processing tasks. Here are seven alternatives to ChatGPT: Google Bard Google’s experimental conversational artificial intelligence (AI) chat service, Bard, provides a web-based interactive platform. It functions similarly to ChatGPT but sources its knowledge differently. Like many other AI chatbots, Bard can code, figure out math issues, and help with writing. Google Bard is built on the foundation of Transformer, an open-source neural network architecture that also supports LaMDA, Google’s prior Language Model for Dialogue Applications.…
The Citroën e-C3 model will have a 320-kilometer range and a 57-minute “fast charge” capability. Automobile manufacturer Stellantis NV (BIT: STLAM) is set to unveil its first European-made affordable electric vehicle, the new Citroën e-C3 by mid-October. According to the Brand Chief Executive Officer (CEO) of Citroën and Stellantis Chief Sales & Marketing Officer Thierry Koskas, the Electric Vehicle (EV) will sell for less than 25,000 euros which is approximately $27,400. With this price, Stellantis is geared towards countering lower-cost Chinese brands arriving in the European market. Chinese carmakers are…