CoinDesk Wins George Polk Award for Sam Bankman-Fried Crypto Scoop
CoinDesk journalists Ian Allison and Tracy Wang have won a George Polk Award for Financial Reporting for their scoop that led to the collapse of Sam Bankman-Fried's $32 billion cryptocurrency empire in days, as well as two explosive follow-up stories. This is the first major journalism award for CoinDesk, a news organization that provides news and analysis on the...
Crypto App Users Lose Billions in Major Exchange Collapses
According to a report published by the Bank for International Settlements, investors outside of major economies took the biggest hit when the crypto app users worldwide lost money on their bitcoin holdings after the collapses of the Terra ecosystem and the FTX exchange last year. The report stated that more than $450 billion was lost from the crypto market...
Galois Capital Shuts Down After FTX Losses
Galois Capital, one of the world’s largest crypto-focused quantitative funds, has announced its closure after suffering a significant loss of capital in the collapse of FTX. Co-founder Kevin Zhou wrote in a note that “given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and culturally”. The fund...
FTX and Alameda Execs Subpoenaed by Voyager Creditors
FTX and Alameda Research executives have been subpoenaed by Voyager Digital’s unsecured creditors’ committee and are set to appear remotely for deposition next week. Bankman-Fried and other FTX executives were also subpoenaed last week by bankruptcy administrators. Among those subpoenaed is Samuel Trabucco, the former co-CEO of Alameda, who retired in August 2022 and has kept a low public...
Bitcoin Tests $25K: What Needs to Happen for $30K?
Monday marks the beginning of the work week in Asia, and the U.S. is off for Presidents’ Day. Bitcoin and ether have both seen losses in the past 24 hours, with bitcoin trading at $24,226 and ether at $1,689, both down close to 2% and 1.5% respectively. However, in the last week, both cryptocurrencies have seen gains, with bitcoin...
Bitcoin Reaches 6-Month Highs, Then Retreats
This week has been a wild ride for Bitcoin (BTC) as the largest cryptocurrency by market capitalization reached multiple six-month highs before retreating suddenly late Thursday, only to rally again. BTC was recently trading over $24,557, up 3.1% in the past 24 hours and off a weekly high early Thursday when it surpassed $25,000 for the first time since...
Klaytn Blockchain to Transition to Permissionless Validator Structure
Klaytn Foundation, a key developer and code maintainer of the Klaytn blockchain, is making changes to the network's governance system and token model of native KLAY tokens. The Foundation will transition Klaytn blockchain to a permissionless validator structure, allowing the general public to participate as block validators. It will also introduce a communication channel for Klaytn's community members to...
ChatGPT Version of Bing Hacked: Leaked Prompts Revealed
Kevin Liu discovered the secret manual for the Bing Chat bot (Bing Chat), which provides insight into how it works. The manual reveals that Bing Chat was named Sydney "Sydney" by Microsoft developers, and contains a guide to Sydney's introduction, related rules, and general capabilities. It is built on top of GPT3.5 like ChatGPT, with the date shown in...
AIGC Explosion: Is it a Bubble?
The AIGC investment boom around the world is attributed to the breakthroughs in AI algorithms, which allow AI to complete intellectual tasks as efficiently as humans. This trend is very interesting, as it is the realization of the ultimate fantasy of many geeks, who have imagined the future of mobile Internet. With continuous breakthroughs in the cross-modal mutual conversion...
Generative AI: OpenAI Valued at $20B
OpenAI, an artificial intelligence company founded by Tesla founder Elon Musk and former YC president Sam Altman, has been around for seven years. Sam Altman left YC to become the CEO of OpenAI three and a half years ago. Sam believes that computers will soon be able to replicate the human brain and have their own desires and life...
