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Wednesday, May 1, 2024The London Stock Exchange is launching Bitcoin and Ether exchange-traded notes at the end of May, available to professional investors only. It will start accepting applications for trades from April 8. The move follows approval from the UK's Financial Conduct Authority for Recognized Investment Exchanges to create listed market segments for ETNs. It is part of wider efforts to position the UK as a crypto-friendly hub.
Tuesday, March 26, 2024This article discusses the evolution and growing complexity of generative pre-trained transformer models. It touches upon how AI development and use are influenced by the regulatory landscape, with examples stretching from cryptographic software to AI-specific executive orders. The piece highlights several steps in AI model creation, from data collection to inference. It also highlights the potential of utilizing crypto and decentralized technology to make AI more user-aligned, verifiable, and privacy-conscious. Despite the progress, AI democratization remains a challenge.
Idin Dalpour was arrested for allegedly orchestrating a $43 million Ponzi scheme, falsely promising high returns from his hospitality and crypto trading businesses but using investor funds to cover personal expenses. The FBI indictment detailed Dalpour's misuse of funds, including $1.7 million for gambling debts, and charges of wire fraud. This could lead to up to 20 years in prison.
Block reported first-quarter revenues of $5.97 billion and an adjusted profit of 85 cents per share, surpassing expectations. It announced plans to allocate 10% of gross profit from bitcoin transactions into bitcoin each month and is open-sourcing its "crypto treasury blueprint" to help other companies manage its crypto assets.
Privy is launching a new cloud-based recovery system that enables users to secure their embedded wallet recovery shares on Google Drive. This should improve the user experience by offering a simpler, more secure method of wallet recovery without the need to remember passwords.
Royco enables efficient liquidity coordination for crypto, which today is inexact and done through airdrops, liquidity mining, and other un-optimized methods. Royco's Liquidity Coordinator allows programmability and order books to create liquidity negotiation, allowing providers to know exactly what they will get in return. Since every position is tokenized, users can sell or exchange positions, providing flexibility for locked assets.
Blast points are earned passively through liquidity provision or holding certain tokens. Blast Gold, which may be worth $10 to $60 each, is farmed by actively interacting with protocols or games. This thread lays out three strategies for various capital and time commitment levels to maximize airdrop distribution.
Matter Labs, the developers of the zkSync L2, have filed trademark applications for “zero-knowledge” and “ZK.” This has been met with backlash across the crypto industry, with zero-knowledge cryptography co-inventor and StarkWare CEO Eli Ben-Sasson calling it an “absurd IP grab.” Matter Labs' CEO Alex Gluchowski claims it filed the trademark to prevent dishonest actors from using the term.
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Sony is set to relaunch the Japanese cryptocurrency exchange Whalefin, which it acquired from Amber Group in 2023, marking its entry into the crypto market. Sony has begun engaging Web3, investing and incubating products with Astar Network mainly related to NFTs across gaming platforms.
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