What are the hidden costs of prioritizing commercial interests over AI safety?
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Bitstamp asks users to update the source of their crypto, citing regulatory compliance
Major global cryptocurrency exchange Bitstamp continues increasing compliance efforts by requesting its users to provide more data like their source of wealth.In an email notification to users on Wednesday, Bitstamp informed its customers about the ongoing policy upgrades on the platform, with the exchange seeking additional info about its clients, one Bitstamp user told Cointelegraph.The…
FINRA Charges Broker With Fraud for Trading Unregistered Cryptocurrency
The U.S. Financial Industry Regulatory Authority (FINRA) has filed a complaint against Timothy Tilton Ayre, charging him with securities fraud and the illegal distribution of an unregistered cryptocurrency, according to a statement released on FINRA’s website Tuesday, September 11.In the complaint, FINRA, overseen by the U.S. Securities and Exchange Commission (SEC), states that Massachusetts-based Ayre…
Baidu Employee Jailed for Mining Monero Worth $14K on Company Servers
An engineer at Baidu, China’s equivalent to Google, has been jailed for mining Monero on around 200 of the company’s servers. According to a March 16 report by local media outlet, Abacus News, the employee eventually sold the Monero for around 100,000 yuan ($14,300).Large-scale crypto-jackingSenior engineer, An Bang, was employed by Baidu to maintain its…
NFTs transform how fans bet on upcoming sports stars
A fan-centric Web3 sports platform uses NFTs to bring a new level of connectivity and ownership to betting on the success of upcoming athletes. 241 Total views 16 Total shares
Circle’s high-yield USDC business accounts take aim at DeFi
High yields and frequent interest payments on Circle’s business accounts may be designed to compete with DeFi protocols 640 Total views 12 Total shares Originally launched as an attractive alternative to traditional fiat business accounts for Internet-based ventures, the latest features for the Circle Business Account appear to take aim at a different kind of…
Grayscale donates $1M to Coin Center, pledges up to $1M more in matched contributions
Grayscale hopes to build off the success of Kraken’s donate-and-match program from 2018. 1385 Total views 7 Total shares Grayscale Investments, the world’s largest digital-asset manager, has pledged $1 million to Coin Center, Washington, D.C.’s most influential cryptocurrency advocacy group — a move it believes will help broaden “foundational knowledge” of the industry.The million-dollar donation…
Crypto-powered prediction market flourish during US presidential election
Crypto-powered election futures have seen a wild 24-hours of trade, with decentralized platforms Augur and Polymarket posting record volumes. 1206 Total views 21 Total shares The 2020 U.S. presidential election has driven significant action across crypto-powered predictive markets.Ethereum’s co-creator Vitalik Buterin took to Twitter during the counting of votes to praise the success enjoyed by…
Exmo hackers withdraw part of stolen funds via Poloniex, exchange confirms
About $4 million of crypto stolen in Exmo hack was allegedly withdrawn through Poloniex, the exchange said it froze several accounts. 1408 Total views 12 Total shares Hacked cryptocurrency exchange Exmo is not able to recover a large amount of stolen funds as hackers withdrew millions of dollars in crypto through the Poloniex crypto exchange.On…