Tag: Report

OpenAI’s crisis escalates as more staff resign after CEO removal: Report

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The turmoil at OpenAI continues to escalate after its founder Sam Altman was abruptly ousted on Nov. 17, with three senior researchers reportedly quitting the artificial intelligence company. OpenAI’s board of directors announced Altman’s removal from the CEO position in a blog post, claiming that Altman “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” According to the post, chief technology officer Mira Murati is now the interim CEO. The decision triggered a wave of resignations in the company since then. OpenAI…

Annual a16z report spotlights crypto policy 

On Nov. 16, a16z shared the release of its annual State of Crypto Report, which considers the impact of blockchains for policymakers considering the future of emerging technology in the United States. In the report, the venture capital firm emphasizes that good regulation should protect consumers and provide compliance pathways, while showcasing continuous growth for the digital asset class. Regulation remains front and center Highlighting the value of these cryptocurrencies, the report calls out Blockchain analytics firms estimate that it is less than 2% of total crypto activity that is being tied…

Crypto lobby spending in U.S. set to beat 2022 record: Report

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With more than a month left before the end of 2023, the United States crypto industry has already spent $20 million on lobbying efforts. In the last year, the total sum stood at $22.2 million.  According to the CoinGecko report, published on Nov. 14, the U.S. crypto lobby has spent $20.19 million in 2023 to date, and this data doesn’t include the Q4 numbers. That means the total amount of lobby spending this year would probably exceed last year’s numbers, which were an absolute record for the American crypto industry.…

Tether plans major expansion into BTC mining with $500M investment: Report

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Tether is planning a large-scale expansion into Bitcoin (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon. The stablecoin firm may spend around $500 million in the next six months on the construction of mining facilities and investments in other miners, Ardoino told Bloomberg in an interview. The company will build mining facilities in Uruguay, Paraguay and El Salvador as it grows its computing power to 1% of the BTC mining network. The new sites would have a capacity of between 40…

VARA CEO Henson Orser to Quit as More Than 12 Crypto Firms Face Fines: Report

Additionally, more than 12 crypto companies are set to be fined for not complying with guidelines by a Nov. 17 deadline, Bloomberg said, citing anonymous sources who asked not to be identified because the matter is private. The names of the firms were not mentioned, but don’t include Binance, OKX or ByBit and some others, which will be given more time to comply, according to the report. In its email, VARA did not comment on the fines. Source

Solana hoses down ‘inaccurate’ CertiK report on Saga phone security flaws

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A recent video from blockchain security firm CertiK made a series of “inaccurate” claims about a potential security vulnerability in Solana’s crypto-enabled Saga phone, Solana Labs has said.  In a Nov. 15 post on X (formerly Twitter), CertiK claimed the Saga phone contained a “critical vulnerability” known as a “bootloader unlock” attack which would supposedly allow a malicious actor to install a hidden backdoor in the phone. Ever wondered about the security of your Web3 devices? Our newest exploration reveals a significant bootloader vulnerability in the Solana Phone, a challenge…

OpenSea NFT users report massive email phishing campaign

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Users of the major nonfungible token (NFT) marketplace OpenSea have said they are being targeted with a new email phishing attack, and have received emails containing malicious links from attackers posing as the marketplace itself. According to social media reports, OpenSea users and developers have been targeted by various email phishing campaigns, including a fake developer account risk alert and a fake NFT offer. One OpenSea developer took to X (formerly Twitter) on Nov. 13 to report receiving a phishing attempt to an email strictly dedicated to their OpenSea Application…

Blockchain.com $110M funding round halves its 2022 valuation: Report

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Crypto exchange and wallet provider Blockchain.com closed a $110 million Series E financing round, an investment that more than halves its previous 2022 valuation of $14 billion. In a Nov. 14 blog post, Blockchain.com said the closing of its Series E round was led by the United Kingdom-based venture capital firm Kingsway Capital. It also saw participation from Baillie Gifford, Lakestar and Coinbase Ventures, among others. A Nov. 14 Bloomberg report citing sources familiar with the matter said the $110 million round places Blockchain.com at less than half of its…

Crypto Exchange Bithumb Gearing Up To Go Public on Korean Stock Market: Report

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A South Korean-based cryptocurrency exchange is reportedly planning to conduct an initial public offering (IPO) in 2025. In a new report, South Korea’s business publication Edaily says that Bithumb, which began operations in 2014, plans to go public in the second half of 2025. According to the report, Bithumb has picked Samsung Securities, a subsidiary of the Samsung Group, as the IPO’s underwriter. While Bithumb has yet to confirm its plans to go public, the firm told Edaily that “it is true that we have selected an underwriter.” Funding appears to…