Day: July 21, 2023

FTX’s former CEO SBF allegedly leaked ex-lover’s diary

The US Department of Justice (DoJ) has attributed a leak of Caroline Ellison’s personal diary excerpts, recently featured in a New York Times piece, to her ex-lover, Sam Bankman-Fried. Caroline Ellison, previously in a romantic relationship with SBF, was the chief of the quantitative trading company Alameda Research during the implicated period. How did SBF’s lover’s diaries leak? Alleged disclosure of Ellison’s diary by SBF, currently confined to his parents’ California estate on a $250 million bail, faced more sensational allegations this week. “Bankman-Fried’s dissemination of Caroline Ellison’s reflections to…

Binance slashes costs, Ripple ready for US banks and crypto VCs return

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The crackdown on crypto firms by the United States Securities and Exchange Commission (SEC) appears to have severely affected Binance’s business. During the past few weeks, the crypto exchange reportedly fired over 1,000 employees and slashed some benefits.  According to Binance, the “current market environment and regulatory climate” have caused a decline in profits, suggesting more cuts may be in the works. A spokesperson told Cointelegraph the firm would consider scaling back on “certain products, business units, staff benefits and policies” in response to business and regulatory concerns. Binance has…

Polygon ID becomes available on Ethereum after partnership with Rarimo

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Interoperability protocol Rarimo has partnered with Polygon ID, enabling the use of its verifiable credential infrastructure across multiple blockchains. Rarimo, a tool that helps different blockchains talk to each other, has joined forces with Polygon ID, a system for checking identities, to make their identity-checking tools available across many different blockchains, turning Polygon ID into a multi-chain tool. Polygon ID had previously allowed identity checks only on the blockchain where they were first set up. For…

AI21 Labs debuts anti-hallucination feature for GPT chatbots

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AI21 Labs recently launched “Contextual Answers,” a question-answering engine for large language models (LLMs).  When connected to an LLM, the new engine allows users to upload their own data libraries in order to restrict the model’s outputs to specific information. The launch of ChatGPT and similar artificial intelligence (AI) products has been paradigm-shifting for the AI industry, but a lack of trustworthiness makes adoption a difficult prospect for many businesses. According to research, employees spend nearly half of their workdays searching for information. This presents a huge opportunity for chatbots…

Centralized exchanges will become gateways for DeFi: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi saw new advancements in zero-knowledge proofs (ZK-proofs) as a scaling solution as more DeFi protocols embraced the technology. A new United States Senate DeFi bill attracted a lot of scrutiny — though not necessarily of the positive kind — as many stakeholders came out to slam the “unworkable” legislation. The CEO of the dydx Foundation made a…

UK court grants appeal from Craig Wright in Bitcoin rights lawsuit

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A British court granted an appeal on July 20 that gave Craig Wright the right to argue in litigation that the Bitcoin file format is well-defined enough to qualify for copyright protection.  Wright, who since 2016 has claimed to be the inventor of Bitcoin (BTC), launched a lawsuit against 13 Bitcoin Core developers and a group of companies, including Blockstream, Coinbase and Block, alleging violation of his copyright to the Bitcoin white paper, its file format and database rights to the Bitcoin blockchain. The decision reversed a ruling from February…

Litecoin price at risk of a 30% drop if key LTC futures historical trend repeats

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With less than two weeks until Litecoin’s halving, when the miner’s block subsidy will be cut in half, traders are questioning whether the additional scarcity effect will be enough to sustain the LTC price above $90.  Litecoin’s (LTC) price has declined by 19% in the last 18 days, but it has shown a positive 31% performance this year. Notably, most gains occurred between June 29 and July 2, with a 34% rally pushing the price to a 14-month high of $115. Litecoin/USD 1-day price at Coinbase, 2023. Source: TradingView However,…

Price analysis 7/21: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

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Several Bitcoin price indicators suggest that BTC’s narrow trading range could end soon, resulting in a volatile price move in BTC and altcoins. Bitcoin continues to test investors’ patience, as it remains stuck inside a tight range. Although the near term is boring, traders need to be on their toes because narrow ranges are generally followed by a sharp increase in volatility. The only problem is that it is difficult to predict the direction of the breakout with certainty. Glassnode’s latest weekly newsletter highlighted that Bitcoin’s (BTC) consolidation has shrunk the Bollinger…