Day: October 4, 2024

U.S. Supreme Court Urged to Proceed with Nvidia Crypto Lawsuit

Officials from the U.S. Department of Justice and the Securities and Exchange Commission have urged the U.S. Supreme Court to allow a class action lawsuit against Nvidia to proceed. Accusing the tech giant of misleading investors about the impact of cryptocurrency mining on its 2017-2018 revenues. Details from the Amicus Brief The amicus brief, filed […]

AI Gone Rogue: A Cautionary Tale of Overzealous Automation

Buck Shlegeris, CEO of AI safety organization Redwood Research, recently encountered a stark reminder of the unpredictability and potential hazards of AI agents. After implementing a custom AI assistant built on Anthropic’s Claude language model to execute bash commands via Python, Shlegeris experienced firsthand how an AI’s initiative could go awry. From Handy Tool to […]

Binance Faces Declining Market Share

Crypto exchange Binance is experiencing a notable decline in its market dominance, processing significantly less trading volume compared to previous months, according to a recent report from digital asset data provider CCData. Reduced Trading Volumes and Market Share The report, published on October 3, highlights that Binance accounted for 36.6% of the combined volume for […]

The Truth Behind the $56.3 Million CryptoPunk Sale

A recent transaction claiming a record $56.3 million sale of a CryptoPunk NFT on Ethereum has sparked skepticism due to its peculiar circumstances and use of complex blockchain maneuvers, like flash loans, that suggest the transaction wasn’t a straightforward sale. Analyzing the Sale of CryptoPunk 1563 CryptoPunk 1563, which sold for a purported 24,000 ETH […]