In a blog post, Hayes condemned the TradFi industry and the double standards he says relate to crypto, CZ and Binance. BitMEX founder Arthur Hayes has argued that the treatment of Changpeng Zhao and Binance highlights a cunning set of double standards that unfairly targets crypto companies. Hayes noted the severity of the penalties imposed … Read more
The U.S. Securities and Exchange Commission (SEC) continues its investigation to uncover proof that Binance.US may have had a backdoor mechanism akin to FTX’s, allowing potential control over customer assets. According to a Nov. 27 report, the SEC is intensifying its investigation into Binance.US over concerns of potential mismanagement of customer assets, a situation reminiscent … Read more
Ethereum co-founder Vitalik Buterin issued a stark warning about the potential risks of artificial intelligence (AI) and centralization. Vitalik has shared his views on the debates around techno-optimism and ways to avoid extreme centralization. New monster post: my own current perspective on the recent debates around techno-optimism, AI risks, and ways to avoid extreme centralization … Read more
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As crypto losses keep surging, Australian crypto exchange Swyftx tapped TRM Labs to clamp down on scammers. Australian cryptocurrency exchange Swyftx has signed a collaboration agreement with TRM Labs, a blockchain forensic firm, in a bid to clamp down on crypto fraud after new government data reported nearly a $146 million loss in cryptocurrency. According … Read more