Business

Individual behind $3.4B Silk Road Bitcoin theft sentenced to one year in prison

[ad_1] The United States Attorney’s Office for the Southern District of New York has announced the sentencing for an individual who pleaded guilty to wire fraud charges connected to “unlawfully obtained” Bitcoin from the Silk Road marketplace in 2012.In an April 14 announcement, the U.S. Justice Department said James Zhong was sentenced to one year and one day in prison for charges related to executing a scheme to steal more
Business

Global AI race ramps up, Winklevoss $100M loan to Gemini, and more

[ad_1] The artificial intelligence (AI) global race has taken on new players in the past days, with Twitter and Alibaba reportedly integrating the technology into their businesses. The Chinese giant is working on its own chatbot assistant, while the social media platform is apparently leveraging AI to “detect & highlight manipulation of public opinion”. It's worth remembering that Twitter CEO Elon Musk recently spearheaded a letter calling for the halt
Business

Less than 1% of staked ETH estimated to be sold after Shapella: Finance Redefined

[ad_1] Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The past week in DeFi was filled with anticipation leading up to the Shapella upgrade on the Ethereum mainnet. The hard fork was successfully completed on April 12, allowing validators to withdraw their staked Ether (ETH) after three years. However, only 253 validators have
BLOCKCHAIN

MetaMask third-party provider was hacked, exposing email addresses

[ad_1] The email addresses of some MetaMask users may have been exposed to a malicious party due to a recently discovered cyber-security incident. According to parent company ConsenSys, the incident affected users who submitted a customer support ticket to MetaMask between August 1, 2021 and February 10, 2023.According to the April 14 blog post, unauthorized actors gained access to a third party’s computer system that was used to process customer service
Business

Chia Network says it submitted IPO registration to SEC after leadership shuffle

[ad_1] The Chia Network blockchain said April 14 that it had submitted a proposal for an initial public offering (IPO) to the United States Securities and Exchange Commission (SEC). The size and price range of the offering have not been determined, the company said. The proposal was submitted confidentially and the announcement was made under a Securities Act of 1933 rule to allow limited information to be released to measure investor
Business

CFTC chair says Binance intentionally broke rules concerning futures, commodities

[ad_1] Rostin Behnam, Chairman of the Commodity Futures Trading Commission (CFTC), recently spoke out about the allegations levied against Binance, claiming that the beleaguered cryptocurrency exchange’s leadership knowingly operated outside of U.S. laws governing the exchange of commodities and futures. Speaking at a fireside chat that took place at the DeCenter Spring Conference at Princeton University on April 14, Bloomberg reports that Behnam told those in attendance that Binance leaders had
BLOCKCHAIN

Generative AI can deliver life-changing disease treatments

[ad_1] Generative artificial intelligence may be having its banner moment, but the technology existed long before ChatGPT and DALL-E. It began in 2014 with a paper by Ian Goodfellow and several other researchers entitled “Generative Adversarial Networks” (GANs). Goodfellow is a computer scientist who worked for Google Brain and Apple and is currently with DeepMind. Today, his paper has been cited more than 55,000 times and underpins several AI tools.Nearly
Business

SEC targets DeFi in vote to revisit proposal concerning the definition of ‘exchange’

[ad_1] The United States Securities and Exchange Commission (SEC) has announced it will be revisiting the proposed redefinition of an “exchange” under the agency’s rules — a move which could include crypto market participants in decentralized finance, or DeFi.In an April 14 open meeting with SEC commissioners and staff, chair Gary Gensler said the proposed rule amendments could benefit investors and markets by bringing certain brokers under additional regulatory scrutiny
Business

A recession is coming — Here’s how it’s fueling Bitcoin

[ad_1] The show Macro Markets, hosted by crypto analyst Marcel Pechman, which airs every Friday on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on the day-to-day crypto activity.The International Monetary Fund (IMF) and the United States Federal Reserve foresee an impending economic recession, which is the topic of today’s episode by crypto analyst