AI
Artificial Intelligence (AI), a branch of computer science, is concerned with developing computers capable of doing tasks that would typically need human intelligence. Such tasks include learning from and adjusting to new facts or situations, reading human language, discovering patterns, problem-solving, and decision-making.
Blockchain Association Seeks Information on De-banking of Crypto Companies
The Blockchain Association has filed Freedom of Information Law requests to the Federal Housing Finance Agency and the New York Department of Financial Services, seeking more information on the de-banking of crypto companies after the closure of Signature Bank and the failure of Silvergate Bank.
Ethereum Beacon Chain Sees Over $2 Billion Worth of ETH Withdrawn in Four Days
Over 1 million ETH, worth $2.1 billion, has been withdrawn from Ethereum's Beacon Chain within the first four days of the Shapella hard fork, with nearly 87% of active validators now able to withdraw their staked Ether. Despite initial community uncertainty about the impact of Shapella on ETH's price, the first four days have resulted in close to a 10% rise, with much of the withdrawn stake being reinvested in the Beacon Chain for interest compounding purposes.
BNB Chain's Red Alert Flags 191 High-Risk Projects
Binance's BNB Chain has added 191 new high-risk projects and decentralized applications (DApps) to its weekly red alarm list. The list is based on smart contract assessment and includes projects suspected of issuing fake tokens, having high tax fees, or malfunctioning websites or Twitter handles. The alert is aimed at helping users research before investing, and does not represent the risk level of the underlying DApp projects.
BlackStar Seeks SEC Registration for On-Chain Stock Trading
BlackStar Enterprise Group plans to conduct over-the-counter stock trading on-chain and has sought registration with the SEC after two years of development and regulatory communication.
Elon Musk Plans to Launch AI Startup to Compete with OpenAI
Elon Musk is reportedly assembling a team of AI researchers and engineers to launch an AI startup to compete with OpenAI. Musk is said to be in talks with existing investors from SpaceX and Tesla for investment in the new venture. In addition, Musk has recently incorporated a company named X (X.AI) and changed the name of Twitter to "X Corp" as part of his plans to create an "everything app" under the "X" brand. Meanwhile, Amazon Web Services (AWS) has launched the Bedrock initiative to allow its users to build generative AI from foundation models.
BlockSec Launches Phalcon Fork for Private Chain Collaborative Testing
Blockchain security firm BlockSec has launched the Phalcon Fork toolkit for collaborative testing on private chains forked from the Ethereum mainnet. The toolkit provides more control for developers over testing, analysis, and debugging of transactions, while retaining services and states from the Ethereum mainnet. It also includes an integrated faucet for free fork network Ether (ETH) and Fork RPC for integration with Ethereum Virtual Machine-compatible development frameworks.
Proposal to Return ARB Tokens to Arbitrum DAO Treasury Rejected
A proposal seeking the return of 700 million ARB governance tokens to Arbitrum's DAO treasury was rejected after receiving only 14.5% of the total votes. The proposal called for the foundation to return the tokens as a symbolic gesture to demonstrate the DAO's control over the governance holders. The rejection comes amid a dispute between Arbitrum's community and foundation over its governance proposal AIP-1.
Law Firm Pleads with Shaquille O Neal to Acknowledge Legal Complaint
The Moskowitz Law Firm has made a public plea to Shaquille O’Neal to acknowledge its legal complaint on behalf of FTX investors regarding his previous endorsement of the now-defunct crypto exchange. The firm has been standing outside TNT studios in Atlanta all week to serve him, but his security guards have not allowed them in. O’Neal is the only one among the FTX celebrities who has not yet been served.
OKX and Manchester City Captain İlkay Gündoğan Launch Football Masterclass in the Metaverse
OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today launched “Make Your Play”, an immersive metaverse experience in which fans can attend an exclusive tactical football masterclass from Manchester City captain İlkay Gündoğan.
Twitter and Alibaba Enter Global AI Race
Twitter and Alibaba are reportedly integrating artificial intelligence (AI) into their businesses. Meanwhile, Gemini co-founders Tyler and Cameron Winklevoss have funded their business with a $100 million personal loan. This week’s Crypto Biz also covers MetaMask's new feature for purchasing cryptocurrency and Alibaba's new chatbot assistant.