The Author’s Guild opened a lawsuit against OpenAI, alleging misuse of copyrighted material in training of its AI models. The Author’s Guild in the United States opened a class-action lawsuit against the Microsoft-backed OpenAI on Sept. 19 due to its alleged misuse of copyrighted material in the training of its artificial intelligence (AI) models. According...Continue Reading

Grayscale debuted its first two Ethereum futures contracts in 2021, and is now planning to launch the new Grayscale Ethereum Futures Trust ETF. Digital currency investment company Grayscale is the latest firm to file for a new Ethereum futures’ exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). Grayscale on Sept. 19 officially proposed...Continue Reading

Wormhole integrated with Circle’s Cross-Chain Transfer Protocol, allowing USDC to be sent between Ethereum, Avalanche, Arbitrum and Optimism. Wormhole has integrated Circle’s Cross-Chain Transfer Protocol (CCTP), allowing USD Coin (USDC) to be transferred between Ethereum, Avalanche, Arbitrum and Optimism via Wormhole-based bridges, according to a Sept. 20 announcement. The new feature is available to end-users...Continue Reading

Discover how margin and option metrics hint at Bitcoin’s path to $28,000 amid the Binance legal battle. The ongoing legal battle between the Binance cryptocurrency exchange and the U.S. Securities and Exchange Commission (SEC) took a surprising turn on Sep. 18. Magistrate Judge Zia M. Faruqui rejected the SEC’s request for access to Binance.US’s systems....Continue Reading

If you’re not transforming your business to take advantage of AI now, you’ll be left behind, says Easy Translate boss Frederik Pedersen. The launch of generative AI products over the past nine months has the world talking about how it will change the future. Many are frightened. Others are excited about the opportunity. A report...Continue Reading

Water & Music founder Cherie Hu explains how technology is evolving the music industry — but is it to the benefit of musicians? Curiosity might have killed the cat, but for musicians, it’s often the launchpad of creativity and innovation. 2023 saw the rapid growth of OpenAI’s powerful ChatGPT artificial intelligence tool, and technologies like...Continue Reading

In a lawsuit against Sarah Silverman and other authors Meta claims its AI system does not create copyright infringing material. Meta has refuted claims that its artificial intelligence (AI) model Llama was trained using copyrighted material from popular books. In court on Sept. 18 Meta asked a San Francisco federal judge to dismiss claims made...Continue Reading

CoinEx has rebuilt its wallet system following a $70 million hack and is set to resume deposit and withdrawals for select cryptocurrencies. Cryptocurrency exchange CoinEx is set to resume deposit and withdrawals for its users more than a week after it suffered a $70 million hack due to compromised hot wallet private keys. In previous correspondence...Continue Reading

Changpeng Zhao said that the loan was the other way around, claiming that he was the one who lent $250 million to BAM Management. Binance CEO Changpeng Zhao has disputed a recent report that claimed the executive took a $250-million loan from BAM Management, a firm that acts as Binance.US’ holding company. On Sept. 19,...Continue Reading

One year after the Ethereum Merge, Grayscale has finally taken a decision to abandon all the rights to proof-of-work Ethereum tokens. Major cryptocurrency investment firm Grayscale has finally taken a decision to abandon all the rights to the post-Merge proof-of-work (PoW) Ethereum tokens (ETHPoW). Announcing the news on Sept. 18, Grayscale said that the firm...Continue Reading