The goal of these “protocol councils,” sometimes called “security councils,” is to nudge these nascent networks toward increasing decentralization, by gradually removing them from under the control of their original developers. How are they different from boards of directors?
DeFi Has a Risk Problem and It’s Time to Solve It
OpenAI launches ‘Preparedness team’ for AI safety, gives board final say
OpenAI said its new “Preparedness Framework” aims to help protect against “catastrophic risks” when developing high-level AI systems.
Coinbase appeals SEC rulemaking petition denial as promised
Coinbase filed an appeal the same day its petition for a rulemaking on crypto used as a security was denied.
NFT Trader’s stolen Apes returned after bounty payment
The hacker returned 36 BAYC and 18 MAYC after receiving a 120 Ether bounty payment from Yuga Labs co-founder Greg Solano.
KyberSwap exploiter linked to $50M HXA token movement
Blockchain security firm Cyvers said the KyberSwap exploiter’s acquired funds were spread across various externally owned accounts (EOAs), now recognized as the top HXA token holders.
Elon Musk’s xAI files with SEC for private sale of $1B in unregistered securities
“Spicy” AI chatbot Grok hasn’t been seen by the public yet, but it’ll be worth plenty after this securities issue.
New Jersey bill would make crypto sold to institutional investors a security
The bill complements one already on the governor’s desk that regulates digital assets owned by individuals.
Web3 firm detects major security flaw in common smart contracts
A security vulnerability potentially affecting hundreds of smart contracts that were pre-built using a commonly used open-source library has been reported by Web3 firm Thirdweb.
US regulators doing ‘good job of alienating’ crypto sector — Cardano founder
Charles Hoskinson took a jab at the perceived inconsistency in applying decentralization standards by the U.S. Securities and Exchange Commission (SEC).
TRM Labs Partners With Aussie Crypto Exchange Swyftx to Combat Scams
Blockchain analytics firm TRM Labs has partnered with Australian cryptocurrency exchange Swyftx in an effort to combat scams in the nation.
Canada flags concern on AI-generated deepfake disinformation campaigns
The Canadian agency also noted privacy violations, social manipulation and bias among the concerns that AI raises.
BlackRock files S-1 form for spot Ether ETF with SEC
BlackRock filed a Form S-1 with the U.S. SEC a week after registering its iShares Ethereum Trust with Delaware’s Division of Corporations.
Ethereum’s rollups are ‘gold standard’ but Plasma needs a revisit: Buterin
Vitalik Buterin called the early Ethereum scaling solution Plasma “underrated” and a “significant security upgrade” for chains that would otherwise be validiums.
Ripple faces slim odds of $770M disgorgement – XRP holder Attorney
Deaton underscores that the legal action against Ripple is not centered on fraud but rather constitutes a regulatory disagreement.
Bitcoin ETF launch could be delayed more than a month after SEC approval
A total of 12 asset managers have filed for a spot Bitcoin ETF with the U.S. SEC, with the first window for approval from the SEC opening on Nov. 8.
Coinbase beefs up its global advisory council with 4 national security experts
Coinbase is getting wonky with prominent names in national security from both sides of the U.S. political divide. They will join former lawmakers and other strategists.
Hong Kong regulator issues tokenized investments requirements amid demand
The intent behind the tokenization of SFC-authorized investment products is tied to rising market demand and the government’s willingness to facilitate market development.
Monero’s community wallet loses all funds after attack
A security breach has resulted in the loss of 2,675.73 XMR from Monero’s community crowdfunding wallet. The cause and source of the breach remain unidentified.
Bitcoin price cools off, but ‘You can never have too much Bitcoin, says Saylor
BTC price cooled off after an impressive 30% monthly gain, but MicroStrategy CEO Michael Saylor made the case for why he remains bullish on Bitcoin.