The U.S. Department of Justice and Sam Bankman-Fried’s defense team filed their proposed jury instructions after the witness testimony wraps up in the coming weeks. Source
Sam Bankman-Fried's Lawyers, DOJ Propose Final Sets of Jury Instructions
Day: October 19, 2023
Meta chief AI scientist says AI won’t threaten humans
The chief artificial intelligence (AI) scientist at Meta has spoken out, reportedly saying that worries over the existential risks of the technology are still “premature,” according to a Financial Times interview. On Oct. 19 the FT quotes Yann LeCun as saying the premature regulation of AI technology will reinforce dominance of Big Tech companies and leave no room for competition. “Regulating research and development in AI is incredibly counterproductive,” he said. LeCun believes regulators are using the guise of AI safety for what he called “regulatory capture.” Since the AI…
BH Token stolen funds funneled into Tornado Cash
Funds stolen in a prior exploit have reportedly been channeled into Tornado Cash, totalling an estimated 1,500 BNB now within the mixer. Deposits into Tornado Cash According to an Oct. 11 from Certik, an exploit occurred on BH Token (BlackHole token), resulting in an exploiter (0xFDb) acquiring $1.2 million USDT, which was later converted to BNB and deposited into Tornado Cash, an Ethereum-based privacy tool. Now, in a follow-up development dated Oct. 19, the malicious actor responsible for the theft has channeled stolen funds into Tornado Cash, has deposited a…
Tim Draper warns of crypto scams using his AI-synthesized voice
American venture capitalist Tim Draper issued a warning on social media that scammers are attempting to con crypto users using an artificial intelligence (AI) voice generator. In an Oct. 19 post on X (formerly Twitter), Draper warned his roughly 254,000 followers to be mindful of “thieves” using AI to create an approximation of his voice. According to the venture capitalist, “AI is getting smarter” as evidenced by followers seemingly reporting Draper tried to get them to send cryptocurrency. Apparently AI is getting smarter, and people are using my voice to…
ARK Invest’s Cathie Wood Reveals Why Bitcoin Will Reach $1.48 Million
ARK Invest CEO Cathie Wood is no stranger to Bitcoin predictions given that the asset manager has previously said that BTC will go to $500,000 and even reach $1 million. As always, Wood remains steadfast in her Bitcoin predictions, coming out once more with an even more daring figure for the pioneer cryptocurrency. Cathie Wood Says Bitcoin To $1 Million Cathie Wood, who is the founder and CEO of ARK Invest, an investment firm with over $6 billion in assets under management (AUM) has come forward with a new price…
Settlements giant DTTC acquires blockchain infrastructure developer Securrency
The Depository Trust & Clearing Corporation (DTTC) has signed an agreement to acquire Securrency, a digital asset infrastructure developer. The acquisition will allow DTCC to embed digital assets gradually in its existing products and services, it said. Terms of the deal were not disclosed. It is expected to close “within the next several weeks.” Securrency will be renamed DTCC Digital Assets. Securrency’s top management and around 100 employees will remain with the company. The company was backed by State Street, U.S. Bank, WisdomTree and Abu Dhabi Catalyst Partners and partnered…
SEC moves to dismiss lawsuit against Ripple’s Brad Garlinghouse and Chris Larsen
Lawyers representing the United States Securities and Exchange Commission announced they will seek to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen. In an Oct. 19 filing in U.S. District Court for the Southern District of New York, the SEC notified the court the parties involved in its case against Ripple “have stipulated to the dismissal with prejudice”, suggesting there was no need to schedule an upcoming trial. The filing did not state that the SEC was dropping its civil case against Ripple itself, first…
SEC moves to dismiss lawsuit against Ripple’s Brad Garlinghouse and Chris Larsen
Lawyers representing the United States Securities and Exchange Commission announced they will seek to dismiss all claims against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. In an Oct. 19 filing in U.S. District Court for the Southern District of New York, the SEC notified the court the parties involved in its case against Ripple “have stipulated to the dismissal with prejudice”, suggesting there was no need to schedule an upcoming trial. The filing did not state that the SEC was dropping its civil case against Ripple itself, first filed…
SEC Drops Charges Against Ripple CEO Garlinghouse, Chairman Larsen
The regulator had included them as defendants in securities violation case, and the agency now says it’s just pursuing Ripple for damages. Source
Crypto Funding for Hamas, Terrorist Groups Overstated
Reports of tens of millions of dollars in crypto going to fund Palestinian operations in Israel are likely “overstated,” Chainalysis said. The forensics outfit published a blog post arguing that flows of crypto financing to Hamas and affiliated groups have become inflated far beyond reality. While acknowledging that it was crucial to stop any financing of terror through crypto, Chainalysis said it was also important to understand how such funding actually works, lest it lead to misconceptions. Source