EncrypGen(DNA)

Ark Investment's Cathie Wood expressed disapproval following SEC Chair Gary Gensler's negative comments on Bitcoin.

Akil Heywood has also purportedly threatened a bankruptcy trustee Rob Stelzer to force him to pay $2 million in digital currencies.

With its CDNA architecture and 192GB memory capacity, the MI300X by AMD accommodates larger AI models.

Top cryptocurrency risk management firm Elliptic has announced last Thursday, June 1 their move to integrate large-language model (LLM) ChatGPT for their risk management and intelligence gathering operations. According to the statement, Elliptic expects that they “will be able to synthesize and organize intelligence on new risk factors in higher volumes and at a quicker speed than ever before.” Elliptic has been at the forefront of cryptocurrency risk management and security. It recently published a report (commissioned by Nikkei Asia) on the cryptocurrency losses inflicted by North Korean hackers from 2017-2022. The report said that Asian countries, with Japan at the top, made up three of the four hotspots of hacking. Japan is estimated to have lost $721 million in cyberattacks. Now, Elliptic has taken steps to improve their solutions with the help of ChatGPT. With the ChatGPT integration, Elliptic aims to bolster its capabilities in risk analysis and threat detection. According to CEO Simone Maini, their continuous pursuit of cutting-edge technology is crucial to their mission. "We pride ourselves in being on the forefront of blockchain innovation, and incorporating cutting-edge technologies to enhance how we work without compromising the high standards for which we are known is part of our DNA,” she stated. The success of ChatGPT has attracted the attention of many in the crypto space and see a world full of potentials enabled by the LLM. Solana (SOL) has recently announced their plans to integrate the LLM through a plug-in and enable user interaction with the Solana network itself. The plug-in will enable users to ask questions and have them promptly answered by ChatGPT. At the same time, Solana has also announced a grant program for AI-focused projects built on the network. The use of AI for crypto projects, and especially for risk management and security is not without its risks. Many have noted the LLM’s shortcomings and limitations especially when dealing with more complex queries. There is still a very big room for improvements in the LLM and for a security firm as big as Elliptic, mistakes can be very costly. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Tai and Hoang reportedly received life imprisonment for kidnapping a person and abducting $1.5 million in BTC from him.

Two former police officers and 14 other Vietnamese supposedly kidnapped an individual and stole $1.5 worth of bitcoin.

With the Biden administration and US regulators looking to run crypto out of town, the UK has a great chance to fill the crypto regulatory void. US wants crypto out With everything said and all the actions implemented thus far, it is obvious that the US wants to drive crypto from its shores. The only real reason for this must be that the bankers are frightened of what would happen if crypto were to really gain some traction and the ordinary investor started to pull out more bank funds with which to buy bitcoin and cryptocurrencies. The fact that crypto is still not properly regulated in the US is hardly the fault of the cryptocurrency companies. All know that a visit to the Security and Exchange Commission (SEC) in order to register a crypto business is a fairly certain way of jumping to the front of the queue of those waiting to be sued by the regulatory agency. The companies that the SEC has gone after in recent times are some of the biggest exchanges, probably with the thinking that if these can be pulled down then investors will have far fewer options for buying and selling crypto. Even so it’s quite telling that these self same exchanges are among the most regulated in crypto, and those such as Coinbase have moved heaven and earth to accommodate the SEC, with only one aim - to become fully compliant and regulated. The UK as a global crypto hub? Therefore, the writing is on the wall, and other jurisdictions will be sounded out with a view to an eventual move should the administration and the SEC have their way. One such jurisdiction is the UK, in the heart of Europe, and armed with a financial system the equal of anything in the world. Out of Brexit and out of luck as far as international trade goes, the UK needs to reinvent itself if it is going to survive. The country has touted itself as becoming a global hub for cryptocurrency. Prime Minister Sunak made the announcement of this when he was still the Chancellor of the Exchequer. Coinbase has sounded out the UK as a possible country where they can do business, and Binance is also seeking to be fully accepted there. Even SEC commissioner Hester Peirce has suggested that some of the UK’s regulatory framework could be adapted for US use. Beware the bankers However, it must be wondered If, just like in the US, the banks will use their vast wealth and influence to change cryptocurrency policy to suit their own ends. For such a conservative country as the UK, with banking deeply embedded in its DNA, to successfully become a global cryptocurrency hub, is going to take quite some changes. Expect the bankers to be solidly against it. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Several of the largest creditors of troubled Singaporean crypto exchange Holdnaut have indicated that the want the company to be placed in liquidation as opposed to a restructuring, according to an announcement.

South Korean authorities have taken several staff members of the cryptocurrency exchange Coinone for breach of trust and other criminal acts. Coinone Under The Scanner High drama took place at Coinone after it emerged that the exchange’s executives could go to prison. Prosecutors in South Korea have claimed that the executives in question had received billions to list specific cryptocurrencies on their platform. As a result, authorities detained several employees of the exchange. Coinone is one of the leading cryptocurrency exchanges in the country, often counted among the Big 4 crypto exchanges in South Korea. The arrest warrants were issued by Seoul Southern District Court Chief Judge Kim Ji-Sook, who stated that the employees in question could escape and deemed it necessary to detain them. According to the authorities, the head of Coinone’s listing division, Kim Mo, broke the Concealment of Criminal Proceeds Act. He also faced allegations of breach of trust, along with another individual, Hwang Mo. Details Of The Fraud As a listing broker, Hwang allegedly paid 2 billion won ($1.5 million) to Kim. These transfers were bribes in exchange for Kim listing specific cryptocurrencies on the Coinone platform. Authorities stated that the ex-director of Coinone, Mr. Jeon, also received payments to facilitate listing certain assets and circumvent listing procedures outlined for the exchange. Investigators claimed that one of the coins listed on the exchange could also be tied to a possible murder. “Furever Coin” listed on the exchange was tied to a possible murder in a case that involved the kidnapping of a 48-year-old individual from the Gangnam District of Seoul. Authorities suspect that the murder was in retaliation to a major crypto investment on Coinone that did not go as planned. One Of The Big 4 Coinone was founded in 2014 by Kevin Cha with the goal of serving crypto users based in South Korea. The exchange soon expanded to other countries, such as Indonesia, by 2017. Along with other exchanges such as UPbit, Bithumb, and Korbit, Coinone is part of South Korea’s infamous Big 4 crypto exchanges. Together, the four platforms handle over 90% of the crypto trading volume in the country. South Korean regulators had recently mandated several stricter rules that exchanges operating in South Korea needed to abide by. Coinone, along with a few other platforms, had fulfilled these requirements. South Korea was in the spotlight earlier in the week as well, following the GDAC hack. The platform lost nearly $13 million, which accounted for nearly 23% of the assets it had under its custody. GDAC has blocked deposit and withdrawal methods and has reported the issue to the relevant authorities. No Repeat Of The Do Kwon Saga South Korean authorities are keen to avoid a situation similar to the collapse of Luna/UST. As a result, authorities are far more determined to tackle crime and fraud when it comes to the cryptocurrency ecosystem in South Korea. Investors and agencies have blamed Kwon for being the mastermind behind the collapse of Luna and insist he faces the law. However, Do Kwon did not cooperate and went into hiding, with several counties such as Singapore, Russia, Mauritius, and Dubai mooted as possible destinations. A notice issued by the South Korean authorities and Interpol had no effect, and his whereabouts continued to remain unknown, with speculation that he was hiding in Serbia. Do Kwon was finally arrested in Montenegro and was charged by American prosecutors with commodities fraud, securities fraud, and conspiracy. However, it remains unclear if Do Kwon will face these charges in the United States of America or his homeland. South Korean authorities have come down heavily on cryptocurrency exchanges in the past as well. In February, authorities arrested the de-facto owner of Bithumb, the country’s largest cryptocurrency exchange, on charges of embezzlement and stock manipulation. Other executives of the exchange were also on the radar of the authorities. In January, authorities targeted another crypto exchange, V Global, arresting several executives after regulatory authorities filed a case. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

According to my meticulous calculations, we are about 3,542 to-be-mined Bitcoin blocks away from the lifting of the red, velvet curtain at the Crypto movie premiere on 12 April. That means approximately 44,280 Bitcoin will be rewarded between now and the premiere, and at current market prices, that cryptocurrency cornucopia could be worth some USD 175.3 million – a not-so-paltry sum that would actually be a nice global box office rake for this fintech flick. Lionsgate Home Entertainment might agree with me. You see, a closer examination of Crypto’s production team reveals that Lionsgate is the big name distributing the movie to US theatres. Yes – that Lionsgate! With thematic thespian thrillers including American Psycho, Crash, The Bank Job, Divergent, and Robin Hood as titles in their hallowed Hollywood history, Crypto could logically be the next blockbuster-to-be in that series. Perhaps Patrick Bateman checks his digital wallet every morning after doing 1,000 crunches, or maybe Jason Statham’s Terry Leather character is now drilling into safety deposit boxes looking for crypto enthusiasts’ 24 seed words. It’s a damn good thing US Treasury Secretary Steven Mnuchin occupies his present position in a building adjacent to Donald Trump’s White House. In a not-so-distant past, Mnuchin founded Dune Entertainment which financed the X-Men franchise and Avatar. He also served as Executive Producer of The Lego Movie, American Sniper, Entourage, and Wonder Woman, among many notable others. Had he not taken the road less taken, Mnuchin could be the one producing Crypto, rather than advocating cryptocurrency regulations at the Group of Twenty. The irony is almost too thick to contemplate and appreciate. While we’re on the subject of the glowing New Yorker who inhabits the building next to Mnuchin’s office, is it my imagination or does the 2-minute, 17-seconds trailer for Crypto resemble certain aspects of the slow motion train crash-of-a-movie at 1600 Pennsylvania Avenue that the entire world is tuned into every day? Let’s start with the obvious and see what we can easily glean from this trailer. In the opening scene of the trailer, Kurt Russell – looking like a withered scarecrow – solicits help in a farm field from a sharply-dressed mystery man with a lipworm who seconds later appears to be sitting behind a monitor and evaluating an ICO called Delta Coin. Incidentally, a quick review of Etherscan suggests there actually is a token called Delta Coin with a total supply of 5,000,000,000 DTC that is held by a mere six addresses. With the most recent transaction some 176 days ago, we may have to wait for the full movie to learn if the token was created for the movie. Alas, I digress. We soon learn that the Wall Street wunderkind was at the top of his class at – ahem – Wharton, before engaging in crypto due diligence and that Mr Lipworm prevented his firm from transacting business with a large counterparty, leading to pre-release speculation that Mr Lipworm might be infiltrating financial institutions as an undercover investigator. Moments later, our protagonist gets reassigned to a role in Albany, New York, that oft-forgotten, upstate New York micropolitan-of-a-state-capital where BitLicense was created by the New York State Department of Financial Services, much to the recent satisfaction of Robinhood Crypto and Libertyx. Donald Trump’s ongoing feud with policymakers in Albany and prosecutors in the Southern District of New York is not lost upon those of us on the other side of the Atlantic Ocean either. We soon learn that Mr Lipworm is indeed an Anti-Money Laundering Officer and after bro-hugging it out with a childhood friend, Mr Lipworm is next browsing a digital wallet where he encounters USD 10,463,502 million(!!!) in cryptocurrency. Assuming principal photography for Crypto took place in 2018, many of us might consider USD 10 million to be a slow week of ICO deal-making, practically a blip on the radar that even the flimsiest of unicorns-to-be or tenbaggers could relegate to “Chump Change” in the Use of Proceeds sections of their white papers. My, how times have changed! Mr Lipworm next apprises his AMLO apprentice that there is – gasp – no KYC or AML associated with the digital wallet they are scrutinising. A few bad Brooklyn accents later (is there such as thing as a good Brooklyn accent?), our hero is video conferencing with the Office of Foreign Assets Control and informing them of a “serious problem” involving money laundering by the Russian mafia. While we don’t see the action in the short clip, it is quite possible that the agent on the other end of the video conference marched right into Mnuchin’s Treasury office and informed our resident movie buff-cum-Treasury Secretary that Russia was evading US sanctions – in Albany, New York of all places. Crypto’s trailer doesn’t reveal whether the laundered money was to be used to purchase a penthouse in Trump’s scuttled Trump Tower Moscow project. In life-imitating-art creative liberty, many readers and viewers may be hoping that Special Counsel Robert Mueller’s investigation might arrive at that exact conclusion. Again, I digress. A couple of hayseeds soon find a napkin with a threatening note about an upcoming meeting and are forewarned that “COPS = RIP.” We can only guess that the good law enforcement agents of New York State are not loading up on XRP (Ripple) in their public pensions. Some sort of kidnapping – it’s a bit unclear if Kurt Russell himself is being used as cryptobait – soon transpires and we next see a couple of gangsters working their magic on someone’s neck with a stun gun. Whilst we do not hear their accents in the trailer, the credits to the movie list an Olga N. Bogdanova as a Russian dialect coach, so one can only assume that Mr Goldie Hawn was jacked from his upstate farm and shanghaied to Grozny or Siberia – or maybe that was Poughkeepsie. A few opaque plot twists later do little to reveal the denouement, so we can wrap this trailer analysis without a spoiler alert. Back when Donald Trump was just getting started in giving New York City’s skyline a facelift, Gordon Gekko taught us that “Greed is Good.” A bit underwhelming by comparison Crypto’s tagline is that “Fear is the Ultimate Currency.” The motion picture’s rating forewarns us that there are violence, sexuality, and drug use. Naturally there is! How else could a cryptocurrency trader make it through a 7-day trading week without some fisticuffs, a gratuitous orgy or three, and some booger sugar? While we likely won’t see cameos by Don Jr, Ivanka, or Kushner, Trumpgate may not be too far from moviegoers’ minds at times. Maybe Mr Lipworm is the OFAC stable pony who manages to find collusion with the Russians after all. Let’s just hope Goldie remembers where Kurt keeps his seed words.