Key Points Binance plans to increase its compliance staff to 700 by the end of 2024. The company’s annual compliance costs have grown to more than $200 million. Share this article With Binance’s annual compliance spend surpassing $200 million, the exchange plans to hire 1,000 employees this year, focusing on compliance roles.The company’s CEO, Richard Teng, revealed the hiring goals in an interview with Bloomberg News in New York on Wednesday. The hiring initiative comes as Binance faces increased regulatory scrutiny and ongoing oversight by U.S. agencies following a $4.3 billion settlement last year.Teng, who has worked in the financial…
Author: Crypto Flexs
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Jack Anderson 22 Aug 2024 07:26 Gala Games’ highly anticipated VOX mobile title Project Cerberus has started open beta testing for version 1. Gala Games has announced the release of the Version 1 Open Beta for its highly anticipated VOX mobile title Project Cerberus. According to Gala News, the game is now available for testing on iOS and Android devices. Key features of version 1 Version 1 of Project Cerberus includes the foundational systems that provide a glimpse into the overall game experience. Some features are not yet active in this public playtest, but…
In the rapidly evolving world of cryptocurrencies, the allure of quick profits and the excitement of new technologies have captivated millions. However, as digital assets have grown in popularity, there has been an increase in scams and fraud schemes designed to exploit unsuspecting investors. For many, the aftermath of these fraudulent activities has left them vulnerable and disheartened. Crypto Reverse offers a ray of hope to those affected by adopting a multi-faceted approach to not only recover lost assets, but also to address the broader implications of digital theft.A new frontier in financial riskCryptocurrencies are a major change in the…
U.S. spot Bitcoin exchange-traded funds posted positive flows for the fifth straight day, pulling in $39.42 million on Wednesday, while spot ether ETFs experienced net outflows for the fifth straight day.According to SoSoValue, Grayscale’s mini Bitcoin trust reported net inflows of $14.2 million yesterday, while spot Bitcoin funds from Fidelity and Bitwise also saw inflows of around $10 million. data.BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, saw inflows of $8.35 million. Franklin Templeton’s EZBC saw $3.55 million in inflows to the fund, while Invesco’s BTCO saw $2.46 million in inflows.The only net outflow came from Grayscale’s Convertible…
Darius Baru 22 Aug 2024 04:58 Learn how large-scale language models (LLMs) use decoding strategies to select the next word. Learn about different methods, such as greedy search, beam search, and more. Large-scale language models (LLMs) are trained to predict the next word in a text sequence. However, the way they generate text involves a combination of probability estimates and algorithms known as decoding strategies. According to AssemblyAI, these strategies are crucial in determining how the LLM selects the next word. Next word predictor vs. text generator LLM is often described in the non-scientific…
According to on-chain data, crypto whales have sold tens of millions of dollars worth of Solana (SOL) since the beginning of the year. According to blockchain tracking site Lookonchain, the whale sold its first batch of SOL on January 15. According to on-chain data, the whale released 614,000 SOL (equivalent to approximately $89 million) to cryptocurrency exchanges Coinbase, OKX, and Binance over the next few weeks and months. Source: Lookonchain/X According to Lookonchain, this whale averages one sale per week. Source: Lookonchain/X A closer look at the on-chain data shows that approximately 100,000 SOL was withdrawn from staking platforms over…
Ethereum price has started a pullback from the $2,680 resistance level. ETH is currently in a downtrend and is at risk of a bigger downside if it fails to stay above $2,550. Ethereum is down again below the $2,650 level. The price is trading below $2,680 and the 100 hourly simple moving average. On the ETH/USD hourly chart based on data provided by Kraken, there is a support line forming at $2,610, with a major bullish trend line forming. Losses could be magnified if this pair falls below the $2,550 support zone. Ethereum price shows signs of weakness Ethereum price…
Block • August 21, 2024 6:27 PM EDT Posted 1 minute earlier ~ in Updated: August 21, 2024 6:39 PM EDT Former FTX executive Ryan Salame’s attorney says prosecutors used the plea deal to “intimidate” his partner and mother of his child, Michelle Bond, and failed to follow through on a promise not to press charges against her.Salameh’s attorneys are asking a New York court to dismiss Bond’s campaign finance charges or vacate his conviction in May.“In an effort to entice Salameh to enter a defense, government attorneys communicated to Salameh that if she pleaded guilty, they would drop the…
The Shiba Inu ecosystem has made significant progress with the launch of the closed beta of Shiba Eternity, the first game built on the Shibarium blockchain. Today, Shiba Inu Marketing Director Lucy made a comprehensive announcement at X, detailing the game’s launch timeline and features, marking a significant moment for the popular meme coin as it transitions to a more utility-based ecosystem. Shiba Inu Presents Its First Shibarium-Based Game Lucy’s announcement details a complete overhaul of the game from previous iterations. “Leash Stakers, take note! Shiba Eternity’s closed beta has begun. This is not an old game with a few…
Felix Pinkston 22 Aug 2024 03:00 Anyscale’s latest blog post dives deeper into Direct Preference Optimization (DPO) with Synthetic Data, highlighting its methodology and applications in language model tuning. According to Anyscale, Direct Preference Optimization (DPO) has emerged as a prominent methodology for tuning language models to align their output with human preferences. The company’s latest blog post provides an in-depth case study on applying DPO using synthetic data, specifically in the context of summary tasks. Generate synthetic data Synthetic data generation has become a powerful technique for creating high-quality data sets. Anyscale’s approach…