Policy • August 8, 2024 1:51 PM EDT Posted 1 minute earlier In ~ Happy Thursday! In today’s Daily, we look at Ripple’s $125 million fine, JPMorgan’s Bitcoin rally is largely supported by institutional investors, Franklin Templeton’s tokenized fund appears on Arbitrum, and more. Meanwhile, a U.S. court judge has approved a $12.7 billion settlement between FTX and the CFTC, ending a 20-month-long lawsuit. Let’s begin.Ripple fined $125 million In 2020, the SEC accused Ripple of raising $1.3 billion by selling XRP, an unregistered security. “The SEC’s motion for relief and entry of final judgment are granted in part…
Author: Crypto Flexs
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Wang Long Chai 8 Aug 2024 17:22 SingularityNET (AGIX) announced significant progress on its decentralized AI platform, highlighting updates to its developer portal and publisher portal. SingularityNET (AGIX) has been releasing development updates every two weeks, showing significant progress on its decentralized AI platform. Covering weeks 30 and 31, the updates highlight progress across a number of key components, according to SingularityNET.Developer Portal v2The Developer Portal has undergone significant improvements, including migrating existing documentation to a new HTML generator for better compatibility. Articles have been restructured to a new structure, with improved navigation and…
Jack Anderson 8 Aug 2024 17:57 dYdX Chain will integrate Skip Protocol’s Market Map this month to strengthen market parameters and ensure security. Governance voting required. According to dYdX, the dYdX chain will receive a significant upgrade later this month by integrating Skip Protocol’s Market Map. This enhancement aims to expand market parameters and ensure the safety of the current market, paving the way for a broader launch in the fall. A brief history of dYdX and Skip Connect In a recent upgrade, the dYdX Chain software has been integrated with Skip Connect, formerly…
Ethena Labs, the team behind the USDe stablecoin, made news today after integrating with Solana’s blockchain on August 7. This strategic move will allow USDe to leverage Solana’s high-speed, low-cost infrastructure to significantly enhance the stablecoin’s capabilities. But that’s not all. Solana’s native token, SOL, is now set to be used as the backing asset for USDe following the approval of a governance proposal. Source: X According to DeFi projects, “Including SOL as a supporting asset is expected to free up an additional $2-3 billion in outstanding commitments.” Increasing scalability is critical to the stablecoin market as it provides more…
It’s fair to say that the initial hype bubble around AI has burst, and people are starting to ask: What has AI done for me lately? Too often, the answer is not much. A study in the Journal of Hospitality Marketing & Management found that products described as using AI are consistently less popular. The effect is even more pronounced with high-risk purchases like expensive electronics or medical devices, suggesting consumers have serious reservations about the reliability of current AI tech. “When AI is mentioned, it tends to lower emotional trust, which in turn decreases purchase intentions,” said lead author…
Convicted mango market extortionist Abraham “Avi” Eisenberg has asked the court to dismiss fraud and merchandising charges and retry him.77 pages work out In a lawsuit filed earlier this week, Eisenberg’s attorneys argue that the Southern District of New York is not the proper venue and that the government has failed to prove that Eisenberg intended to manipulate the price of perpetual futures contracts on decentralized cryptocurrency exchange Mango Markets.“The evidence was clear that Mr. Eisenberg acted alone in or around Puerto Rico during all relevant time periods—a somewhat limited time period since all relevant trading and withdrawal activity occurred…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. The price of XRP has surged 18% in the last 24 hours. Trading at $0.6104 As of 12:41 a.m. ET, trading volume had surged 199% to $4.9 billion. This comes after a federal judge ordered Ripple to pay $125 million in civil penalties for improperly selling XRP. The settlement of a three-year securities lawsuit against Ripple Labs is being seen as a “victory” after the SEC demanded a fine of around $2 billion. The SEC asked for $2 billion, and the court recognized…
It’s fair to say that the initial hype bubble around AI has burst, and people are starting to ask: What has AI done for me lately? Too often, the answer is not much. A study in the Journal of Hospitality Marketing & Management found that products described as using AI are consistently less popular. The effect is even more pronounced with high-risk purchases like expensive electronics or medical devices, suggesting consumers have serious reservations about the reliability of current AI tech. “When AI is mentioned, it tends to lower emotional trust, which in turn decreases purchase intentions,” said lead author…
According to a filing on August 7, the U.S. Securities and Exchange Commission (SEC) is seeking public comment on a proposal by NYSE American LLC to list and trade options on spot Ethereum exchange-traded funds (ETFs) from Bitwise and Grayscale.The SEC stated:”The Exchange proposes to amend Rule 915 to allow options listing and trading on the Bitwise Ethereum ETF, Grayscale Ethereum Trust (ETH), Grayscale Ethereum Mini Trust, and all trusts that hold Ether.”Options are derivatives that provide the right, but not the obligation, to buy or sell an asset, such as a stock or ETF, at a set price by…
Darius Baru 8 Aug 2024 14:47 Anthropic is expanding its AI Model Safety Bug Bounty Program to offer rewards of up to $15,000 to address common jailbreak vulnerabilities. The rapid advancement of artificial intelligence (AI) model capabilities requires rapid advancement of safety protocols. According to Anthropic, the company is expanding its bug bounty program to introduce a new initiative aimed at finding flaws in mitigations designed to prevent misuse of its models.Bug bounty programs are essential to strengthening the security and safety of technology systems. Anthropic’s new initiative focuses on identifying and mitigating universal…