Day: August 28, 2023

OpenAI debuts ChatGPT Enterprise — 4 times the power of consumer version

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OpenAI, the creators of the artificial intelligence tool ChatGPT, has released ChatGPT Enterprise, a supposedly faster, more secure, and powerful version of the chatbot for businesses. The firm explained in an Aug. 28 post that ChatGPT Enterprise offers unlimited access to GPT-4 at up to twice the performance speed and can process 32,000 token context windows for inputs. we launched chatgpt enteprise. enterprise-grade security and privacy, large-scale deployment support, unlimited (and fast) gpt-4, 32k context, and more. customization on your company’s data coming soon!https://t.co/BELPOs51py — Sam Altman (@sama) August 28,…

SEC Issues First Enforcement Action Targeting NFTs

Impact Theory, a California-based media company, raked in nearly $30 million selling three tiers of NFT offerings the SEC deemed to be securities, according to a Monday statement from the markets regulator. The NFTs qualify as securities because Impact Theory’s team promised investors would profit off the collectibles, touting their “tremendous value,” according to an SEC order. Source

SEC to rule on five Bitcoin ETFs before Labor Day weekend

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The SEC is set to make imminent rulings on Bitcoin ETF applications from five firms, with decisions expected before the Labor Day weekend. A cluster of filings for Bitcoin (BTC) exchange-traded funds (ETF) sits on the desk of the U.S. Securities and Exchange Commission (SEC), with decisions expected imminently—before the onset of the Labor Day holiday next week. Among the applicants are high-profile financial firms like Bitwise, BlackRock, VanEck, WisdomTree, and Invesco. Bitwise’s submission is slated…

XRPL Labs Reveals Smart Contract Sidechain For XRP Ledger, What This Means For the Altcoin

Earlier today, XRPL Labs divulged its latest development: Xahau Ledger, a smart contract sidechain integrated into the XRP Ledger (XRPL) ecosystem. This is said to enhance the capabilities of the XRP Ledger, pushing it a step closer to widespread retail adoption. The announcement by XRPL Labs, the brain behind the XRP Ledger’s self-custody wallet named Xumm, has reignited excitement within the community, pointing toward significant advancements for this altcoin. However, so far, the altcoin remains in red down by 1% in the past 24 hours. An Introduction To Xahau Ledger…

BitBoy Crypto brand will no longer include YouTuber Ben Armstrong

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The parent of Hit Network, which controls the “BitBoy Crypto” brand, has cut ties with its public face, Ben Armstrong, citing issues surrounding substance abuse and financial damage to employees. In an Aug. 28 announcement on YouTube and social media channels, a spokesperson said the company had reached its decision following efforts to assist Armstrong “during his relapse into substance abuse,” expressing regret for the end of the business relationship. The firm claimed Armstrong had inflicted “emotional, physical and financial damage” on Hit employees and others in the space. Yesterday,…

Bitcoin may hit $100K by capturing ‘even 2 to 5% of gold’s market cap’ — Hut 8 VP Sue Ennis

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The next Bitcoin halving event is less than nine months away, and the consensus opinion among analysts and investors is that the halving will send Bitcoin’s price to a new all-time high or even above $100,000.  Despite this belief, the absence of fresh inflow to the crypto market, the current macroeconomic headwinds and Bitcoin’s (BTC) recent price action below $30,000 do not inspire much confidence in this theory in the short term. In a recent interview with Paul Barron, Hut 8 vice president Sue Ennis shared her thoughts on how the Bitcoin…

Balancer Falls Victim To Hack After Warning Of Critical Vulnerability: Funds Lost

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In a disheartening turn of events, the decentralized finance (DeFi) protocol Balancer (BAL) confirmed a hack just days after warning about a critical vulnerability impacting multiple Pools. The attack, which took place on August 27, resulted in a loss of nearly $1 million for Balancer. Previously, on August 22, NewsBTC reported that Balancer had discovered a critical vulnerability affecting its protocol. However, despite efforts to mitigate the risks and caution users, Balancer could not pause the affected pools. In response, the protocol urged users to withdraw from the impacted liquidity…

New tax rules for crypto in the US: Law Decoded

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The United States Internal Revenue Service (IRS), which is responsible for tax collection in the United States, has released proposed regulations on the sale and exchange of digital assets by brokers. Under the rules, brokers would be required to use a new form to simplify tax filings and cut down on tax cheating. According to the U.S. Treasury, the regulations bring digital asset reporting into line with reporting on other types of assets.  The proposed rules would go into effect in 2026 to reflect sales and exchanges carried out in…

Robinhood identified as the third biggest Bitcoin whale with $3B wallet

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Robinhood has been identified as the third-largest Bitcoin holder, possessing a wallet valued at over $3 billion, trailing only behind Binance and Bitfinex. Recent investigations from several sources have revealed that Robinhood, the popular stock and crypto trading platform, holds a Bitcoin wallet containing more than $3 billion worth of BTC. This revelation establishes the firm as the third-largest Bitcoin custodian, trailing only behind leading exchanges, Binance and Bitfinex. These findings have been verified and authenticated…

Coinbase and Binance settlement with SEC is a good idea, analyst says

Fineqia International’s Matteo Greco comments on Bittrex’s $24 million SEC settlement, drawing parallels with ongoing cases involving crypto giants Coinbase and Binance. Bittrex’s recent $24 million agreement with the SEC mirrors the one currently involving Coinbase and Binance, according to Fineqia International’s Matteo Greco. In two separate lawsuits, the SEC alleges that both Coinbase and Binance broke securities laws. Greco offers his take on how each company should proceed and whether the Ripple Labs outcome bodes well for the two crypto exchanges. Bittrex resolved charges that it was offering U.S.…