Musk Slams AI Bot as Scam, Account Suspended
The popular AI bot ‘Explain This Bob,’ which had its own meme coin and exchange, was suspended by Twitter after Elon Musk called it a scam. The crypto community and AI fans are puzzled and outraged by the sudden move. ‘Explain This Bob’ was a Twitter account [@explainthisbob] that used OpenAI’s advanced GPT-4 model to […]
SBF to Face Trial on Eight Charges Over FTX Collapse
The U.S. Department of Justice (DoJ) has confirmed that it will proceed with the trial of SBF, the co-founder of FTX, on the original eight charges of fraud and conspiracy. The trial is scheduled to start on October 2, 2023. SBF, whose full name is Sam Bankman-Fried, was extradited from the Bahamas, where FTX was […]
Hong Kong Banks Urged to Accept Crypto Exchanges as Clients
The Hong Kong Monetary Authority (HKMA) banking regulator is pushing banks to embrace crypto exchanges to promote the city as a global hub for the crypto industry. However, banks are cautious due to regulatory uncertainties and potential risks. According to a report by Reuters, the HKMA met with several lenders, including HSBC, Standard Chartered, and […]
Voyager Digital to Allow Partial Withdrawals Amid Bankruptcy Woes
Voyager Digital, a crypto lender that filed for Chapter 11 bankruptcy in July, has announced a plan to return some of its customers’ assets. The company was hit hard by the collapse of its creditor, Three Arrows Capital, and a failed buyout attempt by Binance.US. According to Paul Hage, the bankruptcy plan administrator, Voyager Digital […]
USDT Dump Causes Depeg Scare, Curve 3pool Shift
Whales have been selling off large amounts of Tether (USDT), the largest stablecoin in the crypto market, causing a spike in its share within the Curve 3pool liquidity pool. The unusual influx of USDT has raised concerns about the stablecoin’s stability and sparked speculation about USDT’s depegging. Curve’s 3pool is a stablecoin pool for decentralized […]