An X poll under Wang’s post seemed to gather community sentiment for the eventual decision. Of nearly 1,700 voters as of Asian afternoon hours, 37% felt the fees should be distributed to miners, 27% felt it should be returned to Paxos, 21% voted on freezing the bitcoin, while the remaining favored a 50% split between miners and Paxos. Original
Layer-one blockchain Sui Network has taken a step towards simplifying Web3 onboarding, allowing users to sign up for Sui-powered apps without having to manage an external crypto wallet or seed phrase. In a Sept. 13 press release the Sui Foundation shared that users would be able to login into decentralized applications (DApps) by using Google, Facebook, and Twitch login details via a new zkLogin (Zero Knowledge login) feature. Instead of dealing with pesky Web3 wallets, users can log in the same way they’re used to on other areas of the…
A Californian lawmaker has introduced a bill to protect actors, artists, and entertainers from artificial intelligence, by mandating employment contracts to include informed consent when it comes to digital replicates. Ash Kalra, an Assembly Member of the State of California — the lawmaker behind the bill — argued that generative AI presents a “real threat” to workers in the entertainment industry and its use should be banned unless a bargaining agreement between the parties is made. The legislation, Assembly Bill 459, will eventually be assigned to a committee whose members…
Binance US, the American subsidiary of the crypto exchange giant, has laid off 100 employees, or a third of its staff, following the departure of its CEO. Bloomberg reports that the former CEO, Brian Shroder, who joined Binance in September 2021, will be temporarily replaced by Norman Reed, the Chief Legal Officer. Binance said that the SEC’s actions against the crypto industry have affected its business and threatened U.S.-based jobs and innovation. As a result, the company has laid off a third of its staff. Shroder’s exit is the latest…
The top executives from some of the world’s largest tech and web companies have concluded a closed-door meeting with U.S. lawmakers in Washington D.C., where they reportedly discussed AI technology and potential approaches to regulation. The Sept.13 Senate ‘AI Insight Forum’ was organized by Senate Majority Leader Chuck Schumer, and attended by 22 tech titans including X (Twitter) owner Elon Musk, Google’s Sundar Pichai, Meta CEO Mark Zuckerberg, Sam Altman from OpenAI and Microsoft founder Bill Gates, according to the New York Times. Musk reportedly warned about existential risks from AI exclaiming “If…
Solana is eyeing a fresh increase above the $19.00 resistance against the US Dollar. SOL price must settle above $19 and $20 to start a fresh increase. SOL price is attempting a bullish breakout above the $19 resistance against the US Dollar. The price is now trading below $20 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $18.80 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles…
Ethereum price is slowly moving higher above $1,600 against the US Dollar. ETH could gain bullish momentum unless there is a nasty drop below $1,550. Ethereum is showing a few positive signs for a move above the $1,650 resistance. The price is trading above $1,600 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $1,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above $1,650 and…
The Monetary Authority of Singapore (MAS) has issued a nine-year prohibition order to Three Arrows Capital (3AC) founders Kyle Davies and Zhu Su over alleged violations of the country’s securities laws. In a Sept. 14 statement, MAS said Su and Davies will be banned from regulated activities and won’t be permitted to manage, act as a director, or be a substantial shareholder of any capital market services business during the prohibition period that started Sept. 13. In its decision to bar the pair, MAS said Su and Davies failed to notify…
Big Tech player Meta gave the metaverse a bad name when it pushed its janky vision to the masses. Luckily, open online virtual worlds have continued to evolve, says Yuga Labs CEO Daniel Alegre. Speaking to Cointelegraph at Token 2049 in Singapore, Alegre said the problem with the metaverse is that Meta “ruined the term because it said: ‘This is something brand new’” — despite other metaverse platforms already existing. “I was at Activision Blizzard, we had World of Warcraft. World of Warcraft is a metaverse, Fortnite is a metaverse…
MAS has banned the Three Arrows Capital founders from managing, directing, or being a shareholder of any registered capital markets services firm in Singapore. Source