Circle preps $1B war chest to deal with market threats from PayPal and others
Circle’s USDC stablecoin has dropped from $45 billion in circulation at the start of 2023 to just $26 billion as the summer winds down. Go to Source
Month: August 2023
Dear crypto writers: No one wants to read your ChatGPT-generated trash
Opinion: If you used ChatGPT to write an article, do us all a favor and delete it. None of us want to read it. Go to Source
Chinese police to crackdown on crypto and deepfake AI
The move comes as several prominent Chinese blockchain executives have been arrested this year. Go to Source
Alex Mashinsky faces electronic monitoring while on bail, judge signs off on protective order
Prosecutors and defense lawyers agreed to a bail modification having the former Celsius CEO under electronic monitoring and largely be restricted from moving funds over $10,000. Go to Source
Stablecoins could be key to upholding US dollar’s global reserve status: Report
In an opinion piece in The Wall Street Journal, Brian Brooks and Charles Calomiris claim that U.S. stablecoin legislation is crucial to re-dollarizing the world. Go to Source
13 developments that could kindle the public’s interest in the crypto industry
A combination of trends already underway and deliberate industry action could lead to crypto’s watershed moment in terms of public adoption. Go to Source
US and China AI-tech standoff shows signs of spreading to other countries
The ongoing spat between the United States and China over emerging tech like AI continues as U.S. President Joe Biden restricts investments. Go to Source
Ripple joins BIS cross-border payments task force
The task force is a part of the Bank of International Settlements’ Committee on Payments and Market Infrastructure. Go to Source
FTX debtors and UCC clash over asset control in restructuring
FTX strongly criticized the UCC’s pursuit of asset control, as it recommended that debtors allocate nearly $2.6 billion from cash reserves into short-term Treasuries. Go to Source
AI Eye: Apple developing pocket AI, deep fake music deal, hypnotizing GPT-4
Apple developing AI to run locally on your phone, researchers ‘hypnotize’ GPT-4 to turn it evil, and Google negotiates a deep fake music deal. Go to Source
