Tag: Report

ChatGPT shows geographic biases on environmental justice issues: Report

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Virginia Tech, a university in the United States, has published a report outlining potential biases in the artificial intelligence (AI) tool ChatGPT, suggesting variations in its outputs on environmental justice issues across different counties. In a recent report, researchers from Virginia Tech have alleged that ChatGPT has limitations in delivering area-specific information regarding environmental justice issues.  However, the study identified a trend indicating that the information was more readily available to the larger, densely populated states. “In states with larger urban populations such as Delaware or California, fewer than 1 percent…

Taiwan officials launch inquiry into crypto betting on election results: Report

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With the Taiwan presidential election looming within a month, residents of Taiwan have been reportedly warned against using cryptocurrency betting platforms to wager on the presidential outcome. This advice comes amid an ongoing investigation, with several individuals already called for questioning. According to a recent local report, a number of Taiwanese citizens have participated in the decentralized betting platform Polymarket to place bets on the upcoming presidential election scheduled for January 13, 2024. “The community reported that several individuals have been summoned for investigation by prosecutors and investigators for participating…

3AC co-founder Su Zhu set to be released by year-end after court grilling: Report

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Su Zhu, co-founder of bankrupt cryptocurrency lender Three Arrows Capital (3AC), is reportedly set to be released soon, after facing an extensive interrogation in a Singapore court, Bloomberg reported. Zhu was arrested in Singapore in September 2023 when he attempted to flee the country after a local court sentenced him to four months of imprisonment. 3AC’s joint liquidator, Teneo, said at the time that Zhu was planning to assist on matters related to 3AC, and to help recover assets from the defunct firm. According to Bloomberg’s Dec. 13 report, Zhu faced his…

Terra co-founder Do Kwon will stay in Montenegro until February: Report

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Terraform Labs co-founder Do Kwon, expected to be extradited to the United States to face criminal charges, will reportedly stay in Montenegrin custody until February. According to a Dec. 12 Bloomberg report, authorities with the U.S. and South Korea requested Montenegrin officials hold Kwon for an additional two months following the conclusion of his prison sentence. The Terraform Labs co-founder was arrested in Montenegro in March for using falsified travel documents and sentenced to four months behind bars. Kwon, a South Korean national formerly based in Singapore, has been charged…

Sam Bankman-Fried’s lawyer says FTX fraud trial was “almost impossible” to win: Report

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The lawyer responsible for Sam Bankman-Fried’s criminal trial defense has admitted that the case was “almost impossible” to win from the outset. In a one-on-one interview with Bloomberg, Stanford Law School professor David Mills recounts how Bankman-Fried’s reluctance to follow his recommendations and the damning testimony of his former associates had the FTX founder’s back against the ropes. Related: Caroline Ellison wanted to step down but feared a bank run on FTX “I thought it was almost impossible to win a case when three or four founders are all saying you did…

Crypto Sentiment Index Stays Bullish Despite Corrections, Report Reveals Positive Outlook

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In a recent blog post, ETC Group’s Head of Research, Andre Dragosh, provided a comprehensive analysis of the current state of the crypto market. Dragosh’s findings shed light on the market’s performance dynamics, profit-taking activity, and derivative trends. High-Risk Appetite In Crypto Market According to Dragosh’s analysis, crypto assets showcased their resilience as they outperformed traditional assets like equities, supported by a significant repricing in monetary policy expectations and short futures liquidations at the beginning of last week.  However, this outperformance encountered some limitations in the short term due to…

Blockchain gaming market in North America is projected to reach $600B by 2030 — report

The global blockchain gaming market will grow to an estimated $614 billion over the next seven years, according to an analysis from Fortune Business Insights released on December 11. The market currently accounts for an estimated $154 billion in spending. The report analyzed global sales data for blockchain game products from 2017-2021. It found that sales were increasing by a compound annual growth rate (CAGR) of 21.8%, implying that by 2030 the market will have reached $600 billion. This implies an absolute growth rate over the six year period of…

Fed Decision and Inflation Report to Trigger Market Volatility

This week, the decision from the Fed regarding interest rates and inflation statements for November will be released. These are both expected to trigger market volatility. As the year wraps up, Bloomberg is predicting that several key events this week will lead to increased stock market volatility. The first of these is the decision by the Fed on interest rates. Ever since the record increases in interest rates back in March 2022, market watchers have been even more on edge regarding announcements from the Fed. How These Events Move the…