Regulation Archives - Page 45 of 51

Blockchain

OpenAI Holds Back ‘Highly Accurate’ AI Content Detection Tool Over Stigmatization Concerns

August 4, 2024 Dan K

OpenAI delays its ‘highly accurate’ AI content detection tool, citing concerns about stigmatization of non-English speakers and potential for tampering.

Blockchain

Crypto Community Slams WazirX’s ‘Socialized Losses’ Plan After Hack

August 4, 2024 Dan K

WazirX’s “socialized losses” plan after a $230M hack sparks outrage among users, demanding improved security and transparency from the exchange.

Illustration of Bitcoin and Ethereum symbols representing the crypto transactions by Genesis Trading.

Genesis Transfers $3 Billion Worth of Crypto Amid Bankruptcy

August 2, 2024 Dan K

Genesis Trading transfers $3 billion in Bitcoin and Ethereum amid bankruptcy to manage creditor repayments and financial restructuring efforts.

Vitalik Buterin speaking at an Ethereum developer conference

Ethereum Spot ETFs See Meager Inflows as Grayscale Outflows Persist

August 2, 2024 Dan K

U.S. spot Ether ETFs see modest inflows, while Grayscale’s Ethereum Trust experiences significant outflows, impacting the cryptocurrency market.

Bitcoin symbol with Federal Reserve in the background, indicating potential rate cut impact.

Fed’s Lean Toward September Rate Cut Bullish for Bitcoin

August 1, 2024 Dan K

Fed’s likely rate cut in September looks bullish for Bitcoin, signaling increased market liquidity and investor confidence, according to QCP Capital.

Bank of England building with Bitcoin symbol

Bank of England Announces 0.25% Rate Cut

August 1, 2024 Dan K

The Bank of England’s 0.25% interest rate cut to 5% could trigger a Bitcoin breakout. Easing monetary policy has historically boosted risk-on assets.

Crypto Hackers Stole $266M in July Across 16 Breaches: PeckShield

August 1, 2024 Dan K

The crypto sector faced significant losses in July as hackers stole approximately $266 million through 16 separate breaches, with WazirX being the hardest hit.

A depiction of a cyberattack on a cryptocurrency exchange, representing the WazirX hack.

India’s Web3 Association Bolsters Cybersecurity Efforts After $230 Million WazirX Hack

July 31, 2024 Dan K

In response to the recent $230 million WazirX hack, India’s Web3 Association is enhancing cybersecurity and consumer protection within the crypto industry.