DEEPSEEK
DeepSeek is an AI company and a family of large language models based in Hangzhou, China. It was founded in 2023 and funded by High-Flyer, a well - known quantitative asset management giant. DeepSeek is dedicated to developing advanced large language models and related technologies. It has released several models, including DeepSeek LLM, DeepSeek Coder, DeepSeekMath, and DeepSeek - VL. The latest version, DeepSeek - V3, which was launched in December 2024, has 67.1 billion parameters and was trained on a dataset of 14.8 trillion tokens. It uses FP8 training and open - sources the native FP8 weights. Benchmark tests show that it outperforms Llama 3.1 and Qwen 2.5 while matching GPT - 4O and Claude 3.5 Sonnet. In addition, DeepSeek - R1, which was officially released on January 20, 2025, performs on a par with OpenAI O1 in terms of mathematics, code, and natural language reasoning tasks. DeepSeek's models have a wide range of applications, such as chat and coding scenarios, multilingual automatic translation, image generation, and AI painting. With their high performance and low cost, DeepSeek's models have quickly gained popularity. For example, on February 2, 2025, the DeepSeek app climbed to the top of the download charts in 140 countries on the Apple App Store and also topped the Android Play Store in the United States
Australia's Federal Police Force Floats Crypto Unit: Report
The Australian Federal Police (AFP) has launched a new unit to help focus its fight against crimes that are perpetrated in the digital currency ecosystem.
Bankrupt Celsius Seeks to Return $50m of Locked Crypto for Custody Holders
The filing from Celsius comes a few days after a group of customers claiming about $25 million in custody holdings petitioned the court for payback of their funds.
Crypto.com Mistakenly Refunds $10.5M to Aussie User
Melbourne resident Manivel Thevamanogari and her sister Gangadory Thevamanogari sought a refund of 100 Australian dollars from Crypto.com in May last year but was accidentally returned 10.5 million Australian dollars, according to Australian local media 7News.
Australian Scammers Prefer Crypto than Credit Cards: Report
Australia's local media outlet disclosed a total loss of $84 million was reported to the ScamWatch website in 2021, a figure that is reasonably higher than the $27 million reported in 2020 and $19 million in 2019.
Grayscale Contacts with SEC over the Securities Status of Three Trusts
Grayscale Investments, a subsidiary of the Digital Currency Group (DCG) has been in contact with a staff of the United States Securities and Exchange Commission (SEC) over the definition of the status of three of its established Trusts.
PayPal Joins Coinbase TRUST Network to Comply with Travel Rule
Coinbase has welcomed PayPal for joining TRUST, a global coalition that offers top-tier privacy and security safeguards to clients across jurisdictions while complying with the Travel Rule.
Australia Announces 'Token Swap' Campaign to Accelerate Crypto Regulation
Australian federal government will implement a “token mapping” exercise to inform future regulation of the country’s crypto assets, laying the groundwork for “determining how crypto assets and related services should be regulated.”
Houston Texans Partnered with BitWallet, Becoming First NFL Team to Sell Game Suite with Crypto
Houston Texans of the National Football League (NFL) have selected cryptocurrency platform bitWallet as their exclusive official crypto wallet provider and said the partnership will go into effect.
BlackRock Launches Bitcoin Private Trust after Building Partnership with Coinbase
Days after BlackRock entered into a partnership with Coinbase to offer its institutional clients access to crypto trading services, the firm announced the launch of a spot Bitcoin Private Trust.
Reserve Bank of Australia Rolls Out CBDC Pilot Project
The Reserve Bank of Australia (RBA) has launched a year-long trial to explore a central bank digital currency's (CBDC) business models and innovative use cases.