Binance, regulators near multibillion-dollar criminal settlement

Crypto exchange Binance is in talks with US regulators to settle criminal charges and related investigations, according to people familiar with the matter. 

The US Department of Justice could collect more than $4 billion from the settlement agreement, Bloomberg reported Monday. The exchange, which currently faces a civil suit in the US from the US Securities and Exchange Commission, has been in talks with the DOJ for years, the report added. 

The proposed deal between DOJ and Binance would continue to let the exchange operate, bypassing a possible collapse and ramifications, while also giving law enforcement access to the exchange’s expansive database. People familiar with the…

Read more on Blockworks

Scientists developed an AI monitoring agent to detect and stop harmful outputs

A team of researchers from artificial intelligence (AI) firm AutoGPT, Northeastern University, and Microsoft Research have developed a tool that monitors large language models (LLMs) for potentially harmful outputs and prevents them from executing. 

The agent is described in a preprint research paper titled “Testing Language Model Agents Safely in the Wild.” According to the research, the agent is flexible enough to monitor existing LLMs and can stop harmful outputs such as code attacks before they happen.

Per the research:

“Agent actions are audited by a context-sensitive monitor that enforces a stringent safety boundary to stop an unsafe test, with suspect behavior ranked and… Read more on Cointelegraph

Bitcoin And Austrian Economics: Insights From Tuur Demeester

Bitcoin and Austrian Economics have been subjects of much interest and discussion in recent years. In this article, we will explore the basics of Bitcoin, delve into the principles of Austrian Economics, and examine the unique insights provided by Tuur Demeester, a renowned expert in both fields.

The Role of Bitcoin in Today’s Economy

Moreover, Bitcoin has become a store of value for many individuals who see it as a hedge against fiat currency devaluation. Its decentralized nature and limited supply have led some to view it as digital gold, a safe haven asset in times of economic uncertainty. This perception has been further reinforced by institutional investors and corporations, such as…

Read more on BitcoinMagazine

Top 10 Trending Crypto Coins of The Day

  1. Bittensor: Market Cap of $1.6 Billion.
  2. Vulcan Forged: Market Cap of $167 Million.
  3. Bonk: Market Cap of $204 Million.
  4. Terra: Market Cap of $375 Million.
  5. Celestia: Market Cap of $972 Million.
  6. AllianceBlock Nexera: Market Cap of $92 Million.
  7. Dynex: Market Cap of $96 Million.
  8. Tectum: Market Cap of $56 Million.
  9. Chainlink: Market Cap of $8.4 Billion.
  10. Solana: Market Cap of $25.3 Billion.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Bullish buys CoinDesk from DCG

Bullish, the crypto exchange, announced that it acquired CoinDesk from the Digital Currency Group on Monday.

The terms of the acquisition were not made public. The Wall Street Journal reported that the exchange bought the media company in an all-cash deal.

Bullish announced that the current management team — led by CEO Kevin Worth — would stay in place. An independent Editorial Committee, helmed by former Wall Street Journal Editor-in-Chief Matt Murray, would be created to “ensure journalistic independence.”

“Bullish will immediately inject capital into several of CoinDesk’s most exciting growth initiatives which will power the launch of new services, events and products. We…

Read more on Blockworks

OpenAI staff tells board to resign after Sam Altman ousting: Report

OpenAI staff are reportedly not happy about their board of directors firing founder Sam Altman. According to a social media post from tech podcaster Kara Swisher, employees sent a letter to the board demanding that they resign. A total of 505 out of 700 employees signed the letter, the post stated.

Breaking: 505 of 700 employees @OpenAI tell the board to resign. pic.twitter.com/M4D0RX3Q7a

— Kara Swisher (@karaswisher) November 20, 2023

OpenAI is the developer of the artificial intelligence (AI) program ChatGPT. The program has over 100 million active users, according to statistics site Tooltester.

Swisher posted a copy of the letter, which accused the board of undermining the mission of…

Read more on Cointelegraph

ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms

ARK Investment Management, a major cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn’t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States.

ARK Invest, on Nov. 20, filed another amended prospectus for its spot Bitcoin ETF product developed in collaboration with the European digital asset manager 21Shares.

Once approved, the ARK and 21Shares’ Bitcoin ETF, named the ARK 21Shares Bitcoin ETF, will be trading on the BZX Exchange by the Chicago Board Options Exchange (CBOE) under the ticker symbol ARKB, the updated filing reads.

The latest update is the third amendment to the Bitcoin ETF prospectus by ARK and…

Read more on Cointelegraph

Why You Should Read 1984 (Again)

Despite being published in 1949 at the tail end of World War II, I think George Orwell’s fictional novel, 1984, is still as relevant today as it was back then.

The book is set in the fictional state of Oceania, where a dystopian future has taken over the reins of society. The leader of the nation, Big Brother, keeps a constant eye on citizens, making sure that they think, act, and speak precisely how they should further the aims of the rulers.

Governed by the Party, the people of Oceania have no form of freedom, not in the way they think, the way they speak, or in what they do.

I believe (and I am not the only one) in the current state of our society, with data collection and the…

Read more on BitcoinMagazine

There’s too much trust in zero-knowledge tech

Web3 has placed so much emphasis on the baseline concept of zero-knowledge technology that it now sits on a pedestal, a spotlight cast over every development. But its scalability, security and privacy benefits do not make it trustworthy by default. 

People fail to recognize that zero-knowledge (zk) technology, in a Web3 context, is still fairly new and not without flaws. Developers are actively addressing zk tech’s current issues, but the innovative nature of the space means that they are often conceptualizing faster than they can build. 

Continuing to put trust into zk technology without fully understanding its problems is perilous for a sustainable Web3 future. We need to…

Read more on Blockworks