The debtors appointed Adam Sullivan, a managing director at investment banking firm XMS Capital Partners, to assume the role of president amid the firm’s bankruptcy proceedings. The debtors behind bankrupt cryptocurrency mining firm Core Scientific filed a motion for the approval of hiring a permanent president. In an April 10 filing with United States Bankruptcy...Continue Reading

Bearer instruments such as stablecoin harken back to the days of pre-central bank “free banking,” with all the risks that implies, a BIS working paper says. The singleness of money is the assurance that public and private money trade at the same rates. Even small differences between public and private money rates can have a...Continue Reading

The license granted by El Salvador’s National Digital Asset Commission will allow Bitfinex Securities to issue and trade secondary assets on a regulatory-compliant platform. Digital asset exchange “Bitfinex Securities El Salvador” has received a digital asset service provider license under El Salvador’s new Digital Assets Issuance Law, which was passed by El Salvador’s National Congress...Continue Reading

The project will provide at least three proposals for Uniswap incentive mechanisms by June. Financial modeling platform Gauntlet has been awarded a grant from Uniswap Foundation to improve DAO incentive mechanisms, according to an announcement from Gauntlet. Very excited to announce our engagement with @gauntletnetwork and their new Applied Research Group! Gauntlet will be focused...Continue Reading

Crypto users are getting excited over the prospect of automating their trades with future-facing technologies built with the GPT-4 API. A recent spate of applications built on OpenAI’s GPT-4 API has the crypto community buzzing with designs toward the development of a fully-autonomous, self-correcting cryptocurrency trading bot. AutoGPT set to 100 runs. Goal: amalgamate best...Continue Reading

Government should develop Know Your Customer procedures for social media and messaging services and take stronger measures to track cryptocurrency transactions. While regulators and policymakers dither and try to decide if cryptocurrencies have a future in the economy, early adopters, including terrorists and violent extremists, are exploiting a law enforcement blind spot. The ease by...Continue Reading