OpenAI employees threaten to resign unless board of directors resigns. After OpenAI founder Sam Altman was suddenly dismissed, more than 500 OpenAI employees collectively wrote a letter of protest, threatening to resign unless the board of directors resigned and Sam Altman and co-founder and former president Greg Brockman returned as CEO. The number of collective signatures continues to grow. OpenAI now has approximately 770 employees. The letter reads: "Your process of firing Sam Altman and ...

OpenAI employees threaten to resign unless board of directors resigns. After OpenAI founder Sam Altman was suddenly dismissed, more than 500 OpenAI employees collectively wrote a letter of protest, threatening to resign unless the board of directors resigned and Sam Altman and co-founder and former president Greg Brockman returned as CEO. The number of collective signatures continues to grow. OpenAI now has approximately 770 employees. The letter reads: "Your process of firing Sam Altman and ...

SBF testified in court on Friday that it had planned to sell the company to Binance when FTX was in its infancy. SBF believed that FTX could become a venue dedicated to providing services to margin traders at a time when there were basically no companies in the industry doing this business, so he expected that exchanges like Binance might be interested in buying FTX. SBF said that in the early days of FTX, “acquiring customers was very challenging,” but word of mouth enabled the company to su...

SBF testified in court on Friday that it had planned to sell the company to Binance when FTX was in its infancy. SBF believed that FTX could become a venue dedicated to providing services to margin traders at a time when there were basically no companies in the industry doing this business, so he expected that exchanges like Binance might be interested in buying FTX. SBF said that in the early days of FTX, “acquiring customers was very challenging,” but word of mouth enabled the company to su...

Privy, a provider of data privacy solutions, completed an $18 million Series A round of financing, led by Paradigm, with participation from Sequoia Capital, BlueYard Capital, Archetype and others. Matt Huang, a former Sequoia Capital partner and Stripe board member, will join Privy’s board of directors. The main goal of Web3 wallet tool Privy is to provide tools that allow customers to connect users to the blockchain no matter what device or browser they use, and then let the customer decide ...

Privy, a provider of data privacy solutions, completed an $18 million Series A round of financing, led by Paradigm, with participation from Sequoia Capital, BlueYard Capital, Archetype and others. Matt Huang, a former Sequoia Capital partner and Stripe board member, will join Privy’s board of directors. The main goal of Web3 wallet tool Privy is to provide tools that allow customers to connect users to the blockchain no matter what device or browser they use, and then let the customer decide ...

CFX Labs, an American financial technology company, announced the completion of US$9.5 million in financing, with participation from Shima Capital, Decasonic, Antalpha, CMT Digital, Corazon Capital, Kraken Ventures, New Form Capital, and Metropolitan Capital Bank & Trust. The funds from this round of financing will be used to expand its stablecoin payment and remittance network based on the Solana blockchain. It is reported that CFX Labs’ payment network enables people to send and receive fia...

CFX Labs, an American financial technology company, announced the completion of US$9.5 million in financing, with participation from Shima Capital, Decasonic, Antalpha, CMT Digital, Corazon Capital, Kraken Ventures, New Form Capital, and Metropolitan Capital Bank & Trust. The funds from this round of financing will be used to expand its stablecoin payment and remittance network based on the Solana blockchain. It is reported that CFX Labs’ payment network enables people to send and receive fia...

The Bank for International Settlements (BIS) recently published a stablecoin research article "Will the real stablecoin please stand up?" on its official website, stating that it has studied a total of 68 stablecoins. The results show that no stablecoin can always maintain the parity linked to it. . This has nothing to do with their size or backing type. In addition, researchers believe that there is currently no guarantee that stablecoin issuers will be able to redeem users’ stablecoins in f...

The Bank for International Settlements (BIS) recently published a stablecoin research article "Will the real stablecoin please stand up?" on its official website, stating that it has studied a total of 68 stablecoins. The results show that no stablecoin can always maintain the parity linked to it. . This has nothing to do with their size or backing type. In addition, researchers believe that there is currently no guarantee that stablecoin issuers will be able to redeem users’ stablecoins in f...

U.S. inflation broadly slowed in October, an encouraging sign that the Federal Reserve is making progress on the long road to containing price pressures. Data from the U.S. Bureau of Labor Statistics on Tuesday showed that the core consumer price index, which excludes food and energy costs, rose 0.2% from September. Despite some bumps in recent months, inflation has fallen sharply from a 40-year high reached last year. This has led several Fed policymakers to signal that they may be done rais...

U.S. inflation broadly slowed in October, an encouraging sign that the Federal Reserve is making progress on the long road to containing price pressures. Data from the U.S. Bureau of Labor Statistics on Tuesday showed that the core consumer price index, which excludes food and energy costs, rose 0.2% from September. Despite some bumps in recent months, inflation has fallen sharply from a 40-year high reached last year. This has led several Fed policymakers to signal that they may be done rais...

Sanmiguel Capital Investment Ltd., a financial advisory firm based in the Bahamas that assists in the tokenization of RWA (real world assets), has announced the launch of Uranium3o8 ($U), a token backed by uranium assets, which has been listed on Uniswap. Uranium3o8's goal is to create a heavy metal spot market that allows for effective price discovery and dynamic pricing based on actual supply and demand to unlock new liquidity for commodities. Each token represents one pound of physica...

Sanmiguel Capital Investment Ltd., a financial advisory firm based in the Bahamas that assists in the tokenization of RWA (real world assets), has announced the launch of Uranium3o8 ($U), a token backed by uranium assets, which has been listed on Uniswap. Uranium3o8's goal is to create a heavy metal spot market that allows for effective price discovery and dynamic pricing based on actual supply and demand to unlock new liquidity for commodities. Each token represents one pound of physica...

U.S. Commodity Futures Trading Commission (CFTC) Commissioners Christy Goldsmith Romero and Kristin Johnson have urged the agency to issue rules or guidance to address conflicts of interest in the cryptocurrency space and protect consumers. Johnson told a conference at the Federal Reserve Bank of Atlanta that the bankruptcies of FTX, Celsius and Voyager illustrate the need to protect crypto assets by isolating customer deposits. The CFTC should “immediately develop regulations regarding asset...

U.S. Commodity Futures Trading Commission (CFTC) Commissioners Christy Goldsmith Romero and Kristin Johnson have urged the agency to issue rules or guidance to address conflicts of interest in the cryptocurrency space and protect consumers. Johnson told a conference at the Federal Reserve Bank of Atlanta that the bankruptcies of FTX, Celsius and Voyager illustrate the need to protect crypto assets by isolating customer deposits. The CFTC should “immediately develop regulations regarding asset...

Pantera Capital posted on Twitter on the first anniversary of FTX’s collapse, summarizing the lessons learned from the incident. Pantera Capital said that after news broke of FTX and Alameda's financial difficulties, the team formed a war room to assess the extent of the impact on the investment portfolio. Pantera has previously launched similar war rooms during the 2018 crypto winter, the bankruptcy of Three Arrows Capital, the collapse of LUNA, and the banking crisis. After identifying...

Pantera Capital posted on Twitter on the first anniversary of FTX’s collapse, summarizing the lessons learned from the incident. Pantera Capital said that after news broke of FTX and Alameda's financial difficulties, the team formed a war room to assess the extent of the impact on the investment portfolio. Pantera has previously launched similar war rooms during the 2018 crypto winter, the bankruptcy of Three Arrows Capital, the collapse of LUNA, and the banking crisis. After identifying...

Bitget announced the launch of a new Launchpad project T2T2. The participation methods are divided into investment mode and the first group-building mode. After the event starts, all users can join the group freely. Users who have completed KYC and hold ≥50BGB can participate. Three people form a group. Old users can only initiate group bookings, while newly registered users can either initiate group bookings or join group bookings. Users who have not formed a group can invest up to the avera...

Bitget announced the launch of a new Launchpad project T2T2. The participation methods are divided into investment mode and the first group-building mode. After the event starts, all users can join the group freely. Users who have completed KYC and hold ≥50BGB can participate. Three people form a group. Old users can only initiate group bookings, while newly registered users can either initiate group bookings or join group bookings. Users who have not formed a group can invest up to the avera...

In a brief video, James Wallis, RippleX’s vice president of central bank operations and CBDC, highlighted the role of CBDC in advancing global financial inclusion. James Wallis said that financial inclusion aims to provide financial services to individuals around the world, especially those with low incomes and no connections to financial institutions. Wallis believes that CBDC provides a cost-effective solution to provide financial services at a much lower cost than traditional methods. He s...

In a brief video, James Wallis, RippleX’s vice president of central bank operations and CBDC, highlighted the role of CBDC in advancing global financial inclusion. James Wallis said that financial inclusion aims to provide financial services to individuals around the world, especially those with low incomes and no connections to financial institutions. Wallis believes that CBDC provides a cost-effective solution to provide financial services at a much lower cost than traditional methods. He s...

Coinbase CEO Brian Armstrong tweeted that all good employees at OpenAI should resign and join Sam/Greg's new project (if they have one). According to previous news, OpenAI dismissed Sam Altman as CEO and board of directors. Subsequently, Greg Brockman, co-founder and president of OpenAI, stated that he would resign as president.

Coinbase CEO Brian Armstrong tweeted that all good employees at OpenAI should resign and join Sam/Greg's new project (if they have one). According to previous news, OpenAI dismissed Sam Altman as CEO and board of directors. Subsequently, Greg Brockman, co-founder and president of OpenAI, stated that he would resign as president.