Category: Latest news
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Musk maintains warnings of exponential AI advancement in discussion with UK Prime Minister
[ad_1] UK Prime Minister Rishi Sunak interviewed Elon Musk at a recent AI safety summit hosted by the UK government. The conversation focused on the opportunities and risks presented by artificial intelligence. Musk has long been vocal about regulating AI development to ensure safety. He told Sunak that AI capabilities are advancing exponentially, with systems…
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MicroStrategy’s Michael Saylor cites spot Bitcoin ETF applications, upcoming halving as bullish signals
[ad_1] Michael Saylor, founder and executive chairman of MicroStrategy, discussed his company’s Bitcoin investments during an interview with CNBC on Nov. 2. Saylor first commented on his company’s total holdings of 158,400 BTC, stating: “You can never have too much Bitcoin … we’re big bitcoin bulls.” He next discussed the possible approval of a spot…
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SBF Trial – Jury begins deliberations as closing arguments conclude
[ad_1] The trial of Sam Bankman-Fried (SBF) entered a pivotal phase on Nov. 3 as the prosecution delivered its final rebuttal to the defense’s closing argument before the jury began its deliberations for a verdict. The jury has begun deliberations to reach a verdict by the end of the day, but it is unclear if…
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XRP gains approval from Dubai Financial Services Authority
[ad_1] Ripple announced on Nov. 2 that the XRP token has been approved under the Dubai Financial Services Authority (DFSA)’s virtual assets regime. That approval means that virtual asset firms will be able to make use of XRP if they are licensed within the Dubai International Financial Centre (DIFC) area — a special economic zone…
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Sam Bankman-Fried found guilty on all 7 charges
[ad_1] After less than five hours of deliberation, the jury found Sam Bankman-Fried (SBF) guilty of all seven charges levied against him by the U.S. government. SBF faces more than 100 years in prison for his role in defrauding FTX customers out of roughly $8 billion worth of their funds, primarily by giving Alameda Research…
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Coinbase suspends staking services in Maryland
[ad_1] Coinbase has discontinued access to its staking services in the U.S. state of Maryland, according to an email sent to affected users on Nov. 2. In a copy of the email shared by TheCryptoTengu.eth, Coinbase said that affected users could no longer stake additional funds effective immediately. The crypto exchange also said that it…
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Coinbase Q3 revenue falls 5% to $674 million, but still beats expectations
[ad_1] Coinbase has released its shareholder letter for the third quarter of 2023, ending September 30th. Total revenue was $674 million, down 5% from last quarter. Net revenue was $623 million, down 6% sequentially. The company posted a small net loss of $2 million and generated positive Adjusted EBITDA of $181 million for the third…
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AI gives the world one more Beatles song
[ad_1] The power of artificial intelligence has been harnessed to bring music lovers across the globe a final song from the legendary band The Beatles. The track, titled “Now and Then,” is the band’s last song written and sung by John Lennon, developed and worked on by Paul McCartney, George Harrison, and Ringo Starr, and…
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Marathon Digital to power Bitcoin mining operations with methane gas from landfills
[ad_1] Bitcoin (BTC) miner Marathon Digital wants to mine the top digital asset powered with landfill methane gas, according to a Nov. 2 statement. The mining operation revealed that it has partnered with Nodal Power, an expert renewable energy asset manager, who will provide methane gas that will be used to power a 280 kW…
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Court dismisses Coin Center’s Tornado Cash lawsuit against US Treasury
[ad_1] A U.S. district court has dismissed Coin Center‘s lawsuit against the U.S. Treasury, in which the crypto advocacy group claimed that the Treasury overstepped its legal authority by sanctioning Tornado Cash—a move that it alleged infringes upon the privacy rights of many Americans. As reported in the summary judgment, Coin Center argued that the…