[ad_1] Top Stories This Week Sam Altman ousted from OpenAI, CTO Mira Murati named interim CEO ChatGPT developer OpenAI removed founder Sam Altman from his CEO position on Nov. 17. Chief technology officer Mira Murati is now serving as interim CEO. According to a blog post, the board of directors engaged in a “deliberative review process,” which resulted in the conclusion that Altman “was not consistently candid in his communications
[ad_1] The turmoil at OpenAI continues to escalate after its founder Sam Altman was abruptly ousted on Nov. 17, with three senior researchers reportedly quitting the artificial intelligence company.OpenAI’s board of directors announced Altman's removal from the CEO position in a blog post, claiming that Altman “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” According to the post, chief technology officer
[ad_1] Decentralized exchange (DEX) dYdX was forced to use its insurance fund to cover $9 million in user liquidations on Nov. 17. According to dYdX founder Antonio Juliano, the losses resulted from a "targeted attack" against the exchange. Based on reports from the dYdX team on X (formerly Twitter), the v3 insurance fund was used "to fill gaps on liquidations processes in the YFI market." The Yearn.Finance (YFI) token dropped 43%
[ad_1] Yearn.Finance's governance token (YFI) plummeted over 43% in just five hours on Nov. 18 after rallying almost 170% early in the month, stirring fears about a possible exit scam. During the dramatic drop in value, over $300 million was wiped out in market capitalization from November's gains, according to data from CoinMarketCap. At the time of writing, the YFI token is trading at $9,069 from $14,185 a day before. However,
[ad_1] Lee Jeong-hoon, the former chairman of Bithumb, one of South Korea’s major cryptocurrency exchanges, is at the center of a legal battle and might be facing an eight-year prison sentence in the appeal whose verdict is scheduled for Jan. 18.According to Korean local media reports, prosecutors contend that Lee intended to revamp Bithumb’s governance to gain from exchange coins, circumventing financial regulations. They claim Lee knew about challenges in
[ad_1] Cryptocurrencies are digital-only assets that investors can delegate custody to a third party, such as an exchange, store in hot wallets, or rely on their own hardware wallets. Security concerns with online solutions and third-party risks (not your keys, not your coins) have increased the need for crypto investors to find offline, easy-to-use solutions to securely manage their crypto assets. This demand, along with a growing awareness of self-custody,
[ad_1] The internal discord at OpenAI appears to be escalating rapidly, with the removal of Sam Altman announced by the company, citing a confidence deficit. Shortly thereafter, Greg Brockman, co-founder, and president of OpenAI, revealed his exit from the organization.Greg Brockman, expressing pride in the collective achievements since the company’s inception, announced his resignation, citing the recent developments as the reason. In a statement on the X platform (formerly Twitter),
[ad_1] Senator Elizabeth Warren has emphasized the risks of cryptocurrency scams targeting senior citizens in the U.S., with the support of a cybersecurity expert endorsing her legislation on digital assets to prevent future scams.In a recent senate hearing, Warren outlined the significant increase in crypto scams being targeted towards elderly citizens of the U.S:"Last year, we saw a 350% increase in crypto investment scams targeting seniors. That is the biggest
[ad_1] Fidelity, an asset management firm overseeing $4.5 trillion in assets, has become the latest firm to seek approval for a spot Ethereum (ETH) exchange-traded fund (ETF).In a filing submitted to the United States Securities and Exchange Commission (SEC) on November 17, Fidelity proposes to list and trade shares of the Fidelity Ethereum Fund on the Cboe BZX Exchange. "According to the Registration Statement, each Share will represent a fractional undivided
