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Crypto venture capital firm Paradigm criticized Blast’s protocol marketing strategy, claiming the startup “crossed lines in both messaging and execution." The VC firm is a seed investor in Blast.The head of research at Paradigm, Dan Robinson, shared a statement on X (formerly Twitter) expressing disagreement about Blast’s decision to launch
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The European Union’s banking regulator, the European Banking Authority (EBA), wants to update existing Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) rules for crypto providers. In a consultation paper published on Nov. 24, the EBA explains that current European regulations are no longer sufficient to govern AML/CFT standards compliance
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OpenAI and Microsoft are facing a lawsuit alleging the improper use of nonfiction authors’ work to train AI models, including OpenAI’s ChatGPT service. Author and reporter Julian Sancton sued the companies on Nov. 21. According to Sancton’s complaint, OpenAI allegedly utilized tens of thousands of nonfiction books without authorization to train
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"While this new program is well-intentioned, it may be more effective to enhance reporting measures to resolve existing issues,” explained Veronica Wong, CEO of crypto wallet SafePal. “Despite having dedicated team members reporting bot and scam accounts to safeguard our users, it is a never-ending battle as the process takes
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On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX's co-founder and CEO, Sam "SBF" Bankman-Fried, to sell Bitcoin (BTC) if its price remained above $20,000. This admission came as a shock to the entire crypto industry, but
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The company completed a restructuring in the wake of its decision to exit services related to its MEV-Boost Relay, a type of software used by Ethereum network validators. Original Source
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Ackman received a green light from the United States SEC with an intent to invest a minimum of $1.5 billion in private companies seeking to go public without following the traditional IPO route. Billionaire Bill Ackman, the Chief Executive Officer for Pershing Square, announced that his newly approved SPARC funding vehicle
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Together with Parity Technologies, the firm plans to provide custody for the Polkadot ecosystem, offering digital asset storage services for financial institutions. The two plan to offer staking of DOT, Polkadot's native token in order to further expand the network's reach among institutions. Source
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Although there are parallels between some measures taken in the world of cryptocurrencies and the consequences of quantitative easing, it is difficult to directly apply conventional ideas of monetary policy to cryptocurrencies due to their decentralized nature. In contrast to traditional financial systems, the idea of QE does not
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