risks – DIGIT INFO

AI scientists urge ‘contingency plan’ in case humans lose control of AI

DIGIT — Tue, 17 Sep 2024 03:42:35 +0000

In an open letter, scientists shared worry that the loss of human control or malicious use of AI systems could lead to catastrophic outcomes for all of humanity.

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New York finance regulator tightens crypto listing guidance

DIGIT — Thu, 16 Nov 2023 04:01:10 +0000

Crypto firms’ policies on coin listing and delisting must align with a list of standards set by the NYDFS.

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Decentralized finance yet to pose ‘meaningful risk’ to stability — EU regulator

DIGIT — Thu, 12 Oct 2023 04:11:56 +0000

The European Securities and Markets Authority argued that DeFi was still too small to pose any sizeable risks to overall financial stability, but should be monitored.

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Trezor Enables Coinjoin for Trezor T Model to Bolster a ‘New Era of Privacy’

DIGIT — Thu, 20 Apr 2023 09:49:59 +0000

According to Trezor, the crypto hardware wallet manufacturer, owners of the Trezor T model can now use a Coinjoin feature to preserve their privacy. Trezor had announced the Coinjoin feature’s impending arrival on the hardware wallet seven months ago, and the feature went live on April 19. Trezor Adds Coinjoin to Software Suite Owners of […]

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US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto

DIGIT — Thu, 06 Apr 2023 19:30:01 +0000

The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.” The Treasury’s report warns that defi could threaten national security and calls for policymakers to increase oversight. […]

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Rogue Validator Exploits MEV Bots on Ethereum, Resulting in $25.3M in Crypto Losses

DIGIT — Tue, 04 Apr 2023 16:00:14 +0000

On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and seized various crypto tokens, such as 7,460 wrapped ether and 64 wrapped bitcoin. While the Mechanisms Behind […]

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Crypto Hardware Wallet Maker Ledger Raises $100M Amid Growing Demand for Secure Storage Solutions

DIGIT — Fri, 31 Mar 2023 08:04:56 +0000

The cryptocurrency hardware wallet manufacturer Ledger has raised €100 million ($109 million) in funding, according to the company’s disclosure on Thursday. Ledger CEO Pascal Gauthier says there has been significant demand for hardware wallets. He added, “2023 is even better for us because now you can’t even leave money at a Swiss bank.” Ledger to […]

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Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector

DIGIT — Sat, 25 Mar 2023 10:00:07 +0000

Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy at Moody’s explained that the country “will be unable to curtail […]

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Coinbase Tries AI Assistant Chatgpt for Pre-Listing Risk Assessment of Tokens

DIGIT — Thu, 23 Mar 2023 14:00:20 +0000

Crypto exchange Coinbase has tested Openai’s Chatgpt as a token verification tool comparing it with its standard security procedure. In over half of the cases, the AI platform produced the same results as the manual review, but it also failed to recognize some high-risk assets. Chatgpt Approves 5 High-Risk Tokens, Coinbase May Use It for […]

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USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

DIGIT — Mon, 13 Mar 2023 02:30:26 +0000

The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. […]

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