Alibaba opened its AI model, Tongyi Qianwen, to the public after receiving approval from the Chinese government to market the ChatGPT competitor to a wider audience, according to a report by the South China Morning Post. In a post on
Binance US CEO Brian Shroder has announced his resignation amid a wave of layoffs. The company is slashing its workforce by a third, letting go of 100 employees. Brian Shroder’s departure marks the third CEO change for Binance US since
Threads, the social media app created by Meta to rival Twitter, is blocking searches for words it considers to be “potentially sensitive.” It includes “COVID,” “vaccines,” and other keywords that the company accuses of being linked to what it calls
Fortress Trust, a leading custodian in the crypto world, has found itself embroiled in a scandal involving a crypto heist that saw up to $15 million vanish from customer accounts. The disclosure comes at a delicate time, as Fortress was
Pulitzer Prize winner Michael Chabon and four other writers have sued OpenAI, accusing them of misusing his writing to train their popular AI-powered chatbot, ChatGPT. ChatGPT, OpenAI’s brainchild, has become the trendsetter of the generative AI era after millions of
After hosting the G20 Conference, India has made progress in cryptocurrency regulation. The country has officially approved their suggestions as a show of support for the International Monetary Fund and the Financial Stability Board. This move marks a shift from
The U.S. Commodity Futures Trading Commission (CFTC) has unleashed a series of penalties against prominent decentralized finance (DeFi) platforms, including Opyn, 0x, and Deridex, citing breaches of federal digital asset derivatives trading laws. These actions have ignited a heated debate
In the wake of a hack that saw Ethereum co-founder Vitalik Buterin lose $700,000 worth of crypto assets, Binance CEO Changpeng Zhao (CZ) has sounded the alarm on the necessity of robust security measures. Changpeng Zhao specifically endorsed hardware-based Two-Factor
Genesis Global Holdco LLC, the crypto lender in financial distress that filed for bankruptcy earlier this year, has launched a lawsuit against its parent entity, Digital Currency Group (DCG), along with DCG International Investments Ltd. This lawsuit has been officially
Ryan Salame, the former co-CEO of FTX Digital Markets, recently entered a guilty plea in a U.S. District Court for defrauding the United States Federal Election Commission (FEC) and conspiring to operate an unlicensed money-transmitting business. His plea follows a
The Kenyan government cancelled the operating license for Tools for Humanity, the software company behind the identity crypto protocol Worldcoin, after revelations that the project’s iris scans made some people sick, according to local media reports. Worldcoin was already under
A federal court in New York has frozen the assets of Alexander Mashinsky, the former CEO of the now-bankrupt crypto lending company Celsius Network. Unsealed documents disclosed on Sept. 5 reveal that the court has targeted Mashinsky’s bank accounts and
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