Friday, April 26, 2024
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OpenAI’s crisis escalates as more staff resign after CEO removal: Report

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

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Binance executive flags potential EU stablecoin removal amid MiCA uncertainty

Ahead of the forthcoming enforcement of the European Union’s Markets in Crypto Assets (MiCA) legislation, a top Binance representative is sounding the alarm about potential large-scale removals of stablecoins from the exchange. As legal experts wrestle with interpreting the EU’s pivotal crypto regulation, concerns are growing about its effect on

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Stargate community proposes removal of Fantom USDC pool to mitigate risks

Stargate, the LayerZero cross-chain bridge protocol, has responded to the recent “force majeure” incident impacting Multichain, as well as the stability concerns surrounding anyUSDC, Fantom's main USDC asset. To address these concerns and safeguard the ecosystem, Stargate has introduced a comprehensive proposal and initiated a single-choice voting system for risk mitigation

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‘Surgical removal’ of crypto will only weaken USD dominance, commentators say

The United States' crackdown on cryptocurrencies and firms will only serve to stifle crypto-related innovation and “weaken” the country, said industry pundits in the wake of Coinbase's recent Wells notice.On March 22, crypto exchange Coinbase became the latest crypto firm to receive a “legal threat” — in the form of

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