Tether Appoints CTO Paolo Ardoino as CEO
Tether stablecoin issuer, in its quest to expand into new areas, has appointed its chief technology officer (CTO), Paolo Ardoino, as the new CEO of the company. Tether announced on Oct. 13 that Paolo Ardoino, who has served as Tether’s chief technology officer since 2017, will become the company’s new CEO in December 2023. Jean-Louis […]
Flare Network to Burn 2.1B Tokens to Strengthen Ecosystem
Flare Network has decided to destroy 2.1 billion FLR tokens to strengthen its ecosystem and ensure fairness. This initiative aims to protect the community’s interests and represents a significant milestone in the evolution of Flare Network. Flare Network has taken a pivotal step in bolstering the ecosystem’s vitality by burning 2.1 billion FLR tokens, or […]
US to Tighten AI Chip Controls Via Third Parties to China
The United States is contemplating additional measures to prevent Chinese developers from accessing U.S.-made artificial intelligence (AI) semiconductor chips through third parties. Reuters reported on October 13 that the Biden administration is targeting a loophole that has allowed Chinese developers to purchase processors from the infamous Huaqiangbei electronics district in the southern Chinese city of […]
Google to Defend Users in AI Copyright Allegations
Google has declared its intention to defend users of generative artificial intelligence (AI) systems on its Google Cloud and Workspace platforms against allegations of intellectual property infringement. In a recent blog post, Google clarified that consumers utilizing products with integrated generative AI capabilities will receive legal protection. This announcement addresses growing concerns regarding the potential […]
Court Approves $175M Settlement From Genesis to FTX
A New York bankruptcy judge has authorized a settlement between bankrupt crypto firms FTX and Genesis Global Trading (GGC), allowing FTX-affiliated Alameda Research to receive $175 million from GGC. In a filing on October 11, the United States Bankruptcy Court for the Southern District of New York approved the settlement agreement between FTX and GGC’s […]