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In the fraud trial of Sam Bankman-Fried, prosecutors have requested the judge to inform the jury that the defendant's assertion that he is an effective altruist should not serve as a legitimate defense. Bankman-Fried faces allegations of misappropriating billions of dollars from FTX customers for personal purposes, such as political
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Now, the SEC is taking a beating, both in the court of law, and the court of public opinion. After a massive Ripple victory against the SEC in summary judgment, the SEC filed an appeal that was broadly rejected by the court. This pair of losses essentially guts the SEC’s
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Effective altruism was used to justify “increasingly risky and ridiculous” actions at crypto exchange FTX prior to its ultimate collapse in November 2022, says a former software engineer at Alameda Research.Speaking to Cointelegraph just days before FTX founder Sam Bankman-Fried’s Oct. 3 trial, Aditya Baradwaj shared how the ideology played
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The asset manager Thursday said it had already begun purchasing ether futures contracts. Source
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The International Monetary Fund (IMF) has reiterated its calls for crypto regulation across certain countries but said an outright ban may not be the best approach.In a June 22 report on Latin America and the Caribbean, the IMF pointed to various approaches taken by local governments in addressing the adoption
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The developers led by Mike Neuder opine that a validator set contraction has positive implications for the beacon chain decentralization roadmap, the current p2p layer, and the validators. The Ethereum (ETH) network is best described as art in development amid mainstream crypto and blockchain adoption. With the proof-of-stake (PoS) still
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Writing good ChatGPT prompts to receive precise and pertinent responses is crucial. For the artificial intelligence (AI) model to produce the required information, clear and accurate context is essential, which allows ChatGPT to better comprehend the aim and scope of a user’s inquiry.What is prompting in ChatGPTIn OpenAI’s ChatGPT chatbot,
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As even late-night talk show hosts begin to weigh in on events in the crypto industry, it’s clear the public is increasingly paying attention to both the potential and challenges of investing in crypto. Of even more immediate concern to crypto companies, though, are the questions around the type and
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How Effective Altruism Power Brokers Helped Make Sam Bankman-Fried Source
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The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations to “better mitigate the risks posed by crypto assets while also harnessing the potential benefits of the technological innovation.” IMF
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