CRYPTO
AI scientists urge ‘contingency plan’ in case humans lose control of AI
In an open letter, scientists shared worry that the loss of human control or malicious use of AI systems could lead to catastrophic outcomes for
Rep. Torres 'happy' to help CFTC in regulating election betting contracts
New York Congressman Ritchie Torres stated he is “more than happy” to work with the CFTC to develop a plan for regulating election betting contracts
US lawmakers divided in first Congressional hearing on DeFi
Pro-crypto Representatives noted the need for a freer financial system, while more skeptical lawmakers blamed DeFi for crime, scams and tax evasion. Source link
CFTC submits emergency motion to block Kalshi's election betting contracts
The CFTC asked the court to block Kalshi from offering election betting contracts until it reviews the reasoning for the denial of its order. Source
Fed hits Texas bank with cease and desist over servicing crypto firms
The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures. Source link
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3
Solo miner wins $200K Bitcoin lottery with just 0.012% of hashrate
A solo Bitcoin miner operating as part of the Solo CK pool solved a block with just 0.012% of the average hashrate. Source link
Elon Musk voices support for sweeping AI safety regulations
Musk said he was pro-AI regulation “just as we regulate any product/technology that is a potential risk to the public.” Source link
Bitcoin's Coinbase premium hits 39-day high as $63K is reclaimed
Bitcoin demand among United States investors surged after the Federal Reserve confirmed its intentions to lower interest rates. Source link
Mt. Gox shifts out $700M in Bitcoin, first major move in 3 weeks
It’s the most significant Bitcoin move since July 30, though Galaxy’s head of research doesn’t think it’s for distribution. Source link