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DeCenter is the #1 blockchain community in Russia with over 75 000 experts. And this is our channel for English-speaking members. 🔥 Buy ads: @DCTeam
🐶 Twitter updates its website logo to Dogecoin DOGE.
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🇸🇻 El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations.
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🇯🇵 Japan plans to form expert panel to explore digital yen
Japan's Finance Ministry is planning to establish an expert panel in April to explore the feasibility of introducing a digital yen, Japanese news outlet NHK reported.
According to the report, the ministry’s panel will focus on the creation of a framework for a central bank digital currency (CBDC) and will refer to a technical study conducted by the Bank of Japan (BOJ) over the past two years. The ministry intends to use the findings from the expert panel to prepare for the possible issuance of a digital yen.
CBDCs are digital versions of traditional currencies, such as the U.S. dollar, yen and euro, issued and backed by central banks. Unlike cryptocurrencies, which purport to be decentralized and not backed by any government or central authority, CBDCs are issued by a central bank and operate within a centralized system.
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🤖 Elon Musk, Steve Wozniak and others call for pause on AI development, citing risk to humanity
Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in training of systems more powerful than GPT-4, they said in an open letter, citing potential risks to society and humanity.
The letter, issued by the non-profit Future of Life Institute and signed by more than 1000 people including Musk, Apple co-founder Steve Wozniak and Stability AI CEO Emad Mostaque, called for a pause on advanced AI development until shared safety protocols for such designs were developed, implemented and audited by independent experts.
"Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable," the letter said.
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⚡️ Binance and CZ Sued by CFTC Over Regulatory Violations.
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🇬🇪 Crypto exchange Binance launches new regional hub in Georgia
Binance announced on March 26 the opening of its brand-new blockchain hub in Georgia, aiming to promote further adoption of crypto in the country. Referring to the hub as a “Web3 outpost,” Binance intends to attract talent to the Georgian blockchain sector, promote industry education and create more job opportunities.
According to the announcement, Binance’s Georgia division currently employs 25 people that cooperate with the local public and private sector to organize educational and hackathon events. The crypto firm expects to create “dozens more jobs” with the launch of its regional hub in Georgia by the end of 2023.
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⚙️ Binance Temporary System Maintenance Complete.
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⚡️ Binance Temporarily Suspends Spot Trading
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🇺🇸 Do Kwon Now Faces Criminal Fraud Charges From U.S. Prosecutors
Federal prosecutors in New York charged Terraform Labs founder Do Kwon with fraud hours after he was arrested by police in Montenegro.
Kwon, whose location had been a mystery for months, also faces an investigation in South Korea and has been on an Interpol wanted list in connection with last year's terraUSD collapse. Kwon already faced civil charges filed by the U.S. Securities and Exchange Commission, which alleged in February that he misled investors.
According to the complaint, Kwon is being charged with conspiracy to defraud, commodities fraud, securities fraud, wire fraud and conspiracy to engage in market manipulation. A spokesperson confirmed to CoinDesk that the Department of Justice would seek his extradition to the U.S.
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⚖️ Coinbase could face SEC enforcement action for «potential violations of securities law»
Crypto exchange Coinbase said it has received a Wells notice from the United States Securities and Exchange Commission recommending the regulator take enforcement action.
In a March 22 blog post, Coinbase said the «legal threat» could potentially target the exchange’s staking program, Coinbase Earn; listed digital assets; its wallet; or Coinbase Prime services. A Wells notice letter typically warns a company that the SEC may follow with an enforcement action, but Coinbase provided no details other than «possible violations of securities laws.»
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🧠 Bill Gates says OpenAI's GPT is the most important advance in technology since 1980
Microsoft co-founder Bill Gates says that OpenAI’s GPT AI model is the most revolutionary advance in technology since he first saw a modern graphical desktop environment (GUI) in 1980.
Before that, people used their computers through a command line. Gates took the “GUI” technology and based Windows around it, creating a modern-day software juggernaut.
Now, Gates sees parallels with OpenAI’s GPT models, which can write text that resembles human output and generate nearly usable computer code.
“The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone. It will change the way people work, learn, travel, get health care, and communicate with each other. Entire industries will reorient around it. Businesses will distinguish themselves by how well they use it”.
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💳 Mastercard to settle transactions for stablecoin wallet in APAC
Mastercard and Stables on March 20 announced a collaboration to allow retail customers in the Asia-Pacific (APAC) region to spend their stablecoins anywhere Mastercard is accepted.
The collaboration involves a stablecoin-only wallet built by Stables, coming with a payment card supported by Mastercard. The payment card enables users to save and spend the USD Coin stablecoin by converting the digital currency into fiat and settling on Mastercard’s network. The card will be accessible through the Stables digital application via mobile wallets.
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🇸🇻 El Salvador’s Bitcoin Office has announced a new six month educational program entitled “CUBO+” that aims to produce elite-level Bitcoin and Lighting developers through the Salvadoran university system.
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🇪🇺 Self-hosted wallet ban avoided in new draft of EU’s anti-money laundering bill.
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🇰🇵 The Moscow bureau of Interpol detained a British national charged by the United States Department of Justice (DoJ).
The man is accused of conspiring to violate U.S. sanctions on North Korea.
In April 2022, alongside Spanish national Alejandro Cao De Benos, Emms allegedly provided instructions to North Korea on how it could use blockchain and cryptocurrency to launder money and evade sanctions.
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🛰 Elon Musk’s SpaceX To Rocket 62 Bitcoin To The Moon
In an unprecedented move, LunarCrush, a prominent cryptocurrency firm, has announced that it will be sending a private key to a crypto wallet containing 62 Bitcoins to the moon via a SpaceX rocket in the fall of 2023.
The move is aimed at promoting interplanetary exploration and encouraging people to expand their horizons. In this article, we will explore the details of this intriguing move and why it is making waves in the cryptocurrency world.
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🇨🇷 In the Costa Rica market, you can pay for your purchase in BTC.
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🇭🇰 Hong Kong fund plans to raise $100 million for crypto investment
As Hong Kong is again opening up to the crypto market, local investors are launching a $100 million fund to finance the digital industry. The new fund, ProDigital Future, will aim at early-stage Web3 companies oriented at the regional market.
According to a Bloomberg report from March 30, ProDigital Future has finished its half-year fundraising period with about $30 million in its pockets. However, it plans to raise $100 million by the end of 2023.
The fund is led by Ben Ng, a partner at Hong Kong-based equity firm SAIF Partners, and Curt Shi, a long-time tech investor from China. At this point, Sunwah Kingsway Capital Holdings and Golin International Group have already hopped in to support the fund.
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💬 Binance CEO CZ rejects allegations of market manipulation
Binance CEO Changpeng “CZ” Zhao has rejected allegations from the Commodities Futures and Trading Commission, arguing that the crypto exchange “does not trade for profit or 'manipulate' the market under any circumstances.”
In a March 28 blog post, the chief executive responded to the CFTC’s lawsuit accusing Binance and CZ of engaging in improper compliance procedures and trading, calling the allegations “an incomplete recitation of facts.”
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🔥 Microstrategy Repays $205M Bitcoin-Collateralized Loan in Full at 22% Discount for $160M, Acquires Additional 6 455 BTC and Now Holds 138 955 BTC.
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🧬 Coinbase wants devs to build inflation-pegged 'flatcoins' on its new 'Base' network
Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base.
The other three include an on-chain reputation system, an on-chain limit order book (LOB) exchange, and tools that make the decentralized finance (DeFi) ecosystem safer.
The trading platform outlined the four areas in a March 24 post — about a month after Coinbase launched Base on Feb. 23. Base is secured by Ethereum and powered by fellow layer-2 network Optimism.
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🔥 CZ Binance: Initial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one). Recovering. Est 30-120 min ish. Waiting for more precise ETA.
Deposits & withdrawals are paused as a SOP (standard operating procedure). Funds are SAFU.
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🧠 ChatGPT can now access the internet with new OpenAI plugins
Artificial intelligence chatbot ChatGPT can now retrieve information from online sources and interact with third-party websites via a new plugin feature introduced by its creator, OpenAI.
The plugin feature is still in its “limited” alpha phase and will only be available to a small set of users initially before rolling out to larger-scale access. Users must add themselves to a waitlist in order to access the new feature on Chat GPT Plus, the firm said in a March 23 announcement.
Initially, there will only be 11 plugins available. These plugins range from allowing users to check the scores of live sporting events to booking an international flight and purchasing food for home delivery. The firm added that it is “gradually rolling out plugins” so that it can assess its real-world use.
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🚨 Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs.
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⚡️ Tron Founder Justin Sun Sued by U.S. SEC on Securities, Market Manipulation Charges.
The U.S. Securities and Exchange Commission sued Justin Sun Wednesday on allegations of selling and airdropping unregistered securities, fraud and market manipulation.
The SEC said in a press release it was suing Sun, the Tron Foundation, the BitTorrent Foundation and BitTorrent (now known as Rainberry) over the sale of tronix (TRX) and BitTorrent (BTT) tokens, which it described as unregistered crypto asset securities. The regulator further alleged that the defendants "fraudulently manipulat" TRX's secondary market through an "extensive wash trading" scheme.
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🇺🇸 The Economic Report of the President, released March 20, marks the first time the White House has included a section on digital assets since it first began issuing the annual economic policy report in 1950.
Co-founder of digital asset investment firm Paradigm, Fred Ehrsam, remarked that 15% of the Economic Report was dedicated to «crypto FUD».
The report includes 35 pages dedicated to debunking the «Perceived Appeal of Crypto Assets» along with a short section on the FedNow payment system and central bank digital currencies (CBDCs).
The report’s main argument is that crypto assets fail to deliver on their «touted» benefits, such as improving payment systems, financial inclusion, and creating mechanisms to transfer value and intellectual property.
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🇨🇭 UBS Group agrees to $3.25B ‘emergency rescue’ of Credit Suisse
UBS Group has agreed to buy its ailing competitor Credit Suisse for $3.25 billion on March 19 as part of an “emergency ordinance” to prevent financial market instability. That’s still a deep discount to Credit Suisse’s March 17 market capitalization of 7.5 billion francs, or $8 billion.
Also, as part of the deal, the Swiss National Bank has committed to providing over $100 billion in liquidity to UBS, according to reports.
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🇺🇸 The US Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week.
$152.85 billion in borrowing from the discount window — the traditional liquidity backstop for banks — in the week ended March 15, a record high, up from $4.58 billion the previous week.
The prior all-time high was $111 billion reached during the 2008 financial crisis.
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💡 Euro-backed stablecoin, Euro Coin set to trade on Coinbase.
IEX taps Coinbase as potential partner for regulated crypto exchange.
Coinbase Q4 revenue beats expectations, but transaction volume falls 12% from Q3.
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🇨🇳 Hong Kong’s crypto ambition gets subtle nod from Beijing
Hong Kong’s ambition of becoming a cryptocurrency hub is reportedly seeing subtle support from the Chinese government, in what could be seen as a contrast to the mainland’s hard-line anti-crypto stance.
In October last year, the government of Hong Kong floated the idea of introducing its own bill to regulate crypto and allow retail investors to “directly invest into virtual assets” that could possibly be in contrast to China’s widespread crypto ban.
According to people familiar with the matter, Beijing officials have not been brazenly opposed to the idea. According to a Feb. 20 Bloomberg report, it is understood that representatives from the China Liaison Office have been frequenting Hong Kong crypto gatherings seeking to understand what’s going on.
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