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AI safety researchers leave OpenAI over prioritization concerns

Following the recent resignations, OpenAI has opted to dissolve the ‘Superalignment’ team and integrate its functions into other research projects within the organization.

This post was published at Cointelegraph

/ Crypto Currency

Analyzing the US Government’s Bitcoin holdings: What you need to know

The following is a guest post from Vincent Maliepaard, Marketing Director at IntoTheBlock. According to the latest data from IntoTheBlock, the U.S. government holds over 1% of the Bitcoin supply, valued at an impressive $13.16 billion. These holdings have tripled since 2021, demonstrating a consistent increase over the years. Why the US government …

This post was published at CryptoSlate

What is the Ethereum (ETH) burn address

The Ethereum burn address is a null address where ETH and other Ethereum-based tokens are sent to be permanently removed from circulation.

This post was published at Cointelegraph

/ Crypto Currency, ETH, Ethereum

Feds bust $73M crypto scam, arrest two masterminds

The scammers convinced victims to transfer millions of dollars into these U.S. bank accounts, which were then used to launder the illicit funds.

This post was published at Cointelegraph

Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end

Crypto exchange Coinbase believes the odds of the SEC approving spot Ethereum ETFs by the end of the month stand between 30% to 40%. In a May 15 report, Coinbase Institutional Research Analyst David Han asserted that the main factor that led the SEC to approve spot Bitcoin ETFs — the correlation between CME futures product and spot exchange rates …

This post was published at CryptoSlate

Genesis Global secures court approval for $3B payout

According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake.

This post was published at Cointelegraph

/ Crypto Currency

If SEC approves spot Ether ETFs, many ‘will be caught severely offside’

Coinbase institutional research analyst David Han believes ‘there is room for surprise to the upside on this decision.’

This post was published at Cointelegraph

Biden may rethink SAB 121 vote veto due to political support for crypto

The U.S. Congress bipartisan vote has overwhelmingly demonstrated its rejection of the SEC’s SAB 121. President Biden threatened to veto the overruling. Will the executive branch overthrow Congress’s decision?

This post was published at Cointelegraph

Aussie admits to promoting BitConnect crypto services without a license

The Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform at four seminars and via two social media posts.

This post was published at Cointelegraph

Ghana, Singapore conduct trade in semi-fungible token pilot project

Project DESFT is meant to encourage trade between small businesses using a CBDC and a stablecoin, with an emphasis on credentialing.

This post was published at Cointelegraph

/ Cbdc, Crypto Currency, Singapore

Alex Labs freezes $3.9M of exploited funds sent to CEXs after hack

The team behind the Bitcoin layer-2 developer has successfully frozen some exploited crypto after the attacker tried to cash out by sending funds to exchanges.

This post was published at Cointelegraph

/ Bitcoin, Cex, Crypto, Crypto Currency

Kraken considers delisting USDT in Europe due to MiCA rules

Kraken could drop EU support for Tether’s USDT stablecoin, Bloomberg reported on May 17. Kraken Global Head of Regulatory Strategy Marcus Hughes said the company is planning for circumstances in which it is “not tenable to list specific tokens such as USDT.” The EU’s regulatory landscape is set to change when the EU’s …

This post was published at CryptoSlate

Crypto Biz: Galaxy, CoinShares Q1 results, ETFs on the blockchain, and more

This week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting on blockchain, Polymarket’s funding raise, and a leadership transition at dYdX.

This post was published at Cointelegraph

Feds Charge Chinese Nationals in $73 Million ‘Pig Butchering’ Crypto Scam

The Department of Justice charged Daren Li and Yicheng Zhang with orchestrating a ‘pig butchering’ cryptocurrency scam.

This post was published at Decrypt

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