Month: July 2023

Hong Kong and Saudi Arabia to boost financial services integration

Saudi Arabia’s Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) recently held a meeting to discuss ways of boosting financial services integration and cooperation.  The July 27 meeting aimed to strengthen the partnership between Saudi Arabia and Hong Kong and enhance their financial systems. The focus was also to agree on tokenization and payment infrastructure. Saudi Arabia and Hong Kong discussion SAMA and HKMA representatives discussed four key focus areas, mainly financial infrastructure development, open market operations, market connectivity, and sustainable development. They also explored supervisory technologies, such…

Elon’s ‘not afraid of blowing things up’ — ex-Twitter exec on working under Musk

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A former product director at Twitter, now X, has shed new light into the once inner workings of the social media firm, along with some of the peculiarities that come with working under entrepreneur Elon Musk.  In a lengthy 2,400-word tweet and accompanying video, Crawford described the pre-Musk Twitter as both “amazing and terrible” being hamstrung by bureaucracy, while the new post-Musk Twitter has been “difficult and dramatic.” “Twitter moved at the speed of molasses and suffered from bureaucracy but now X is run by a mercurial leader whose instinct…

FTX, Genesis reach in-principle agreement to settle bankruptcy case

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Bankrupt crypto exchange FTX and crypto lender Genesis have reached an agreement in principle to resolve the claims brought by FTX in its bankruptcy case. On July 27, legal counsels for both firms sent a letter to bankruptcy Judge Sean Lane stating that they had agreed to a settlement. However, the agreement was in principle and did not provide any details on the settlement. Both firms are bankrupt and have been trying to collect money for creditors while under court supervision. The settlement would resolve FTX’s claims against Genesis debtors…

Bitcoin (BTC) Holds Over $29K, Bond Yields Rise as BOJ Makes Yield Curve Control More Flexible

However, bond yields rose, offering negative cues to risk assets, including bitcoin. The 10-year Japanese government bond yield rose six basis points to 0.56%, reaching the highest since January. Its U.S. counterpart rose three basis points to 4.03%, extending the overnight 13 bps gain. Source 29KBitcoinBoJBondBTCControlCurveFlexibleHoldsRiseYieldYields CryptoX Portal

SEC adopts cyberattack disclosure rules, listed crypto firms included

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Public companies in the United States, including listed crypto firms, will be required to disclose any major cybersecurity incidents within a four-day time limit, under new rules adopted by the United States securities regulator. The rules from the United States Securities and Exchange Commission require any public company to disclose a cyberattack within four days of it being deemed “material,” except in cases where such disclosure is deemed a possible national security or public safety risk. Today we adopted rules to ensure that investors receive consistent information from public companies about material…

AI researchers say they’ve found a way to jailbreak Bard and ChatGPT

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United States-based researchers have claimed to have found a way to consistently circumvent safety measures from artificial intelligence chatbots such as ChatGPT and Bard to generate harmful content.  According to a report released on July 27 by researchers at Carnegie Mellon University and the Center for AI Safety in San Francisco, there’s a relatively easy method to get around safety measures used to stop chatbots from generating hate speech, disinformation, and toxic material. Well, the biggest potential infohazard is the method itself I suppose. You can find it on github.…

FTX and Genesis Reach Agreement in Ongoing Bankruptcy Dispute

Genesis had emerged as the largest unsecured creditor of FTX and its affiliated companies, with $226.3 million owed, according to a January court filing that includes a list of major creditors. In parallel, FTX also claimed that Genesis owed nearly $4 billion, later reduced to $2 billion, which Genesis has denied. Source

Pro-XRP lawyer Jeremy Hogan’s scam tweet bonanza finally falls silent

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The recent flood of scam tweets on pro-XRP lawyer Jeremy Hogan’s hacked account has finally dried up after nearly four days. Since July 24, the XRP community has been diligently warning others and tagging Twitter’s support after they noticed Hogan’s account tweeting malicious links for a purported XRP (XRP) giveaway. As of 1 am on July 28, all of the XRP-giveaway-related tweets have been deleted, suggesting Hogan has either regained access to his account or that Twitter support has finally intervened. The last tweet sent out from Hogan’s account —…