{"id":624774,"date":"2023-04-02T14:49:32","date_gmt":"2023-04-02T19:49:32","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/02\/ftx-eu-opens-withdrawal-elon-musk-calls-for-ai-halt-and-binance-news-hodlers-digest-march-26-april-1\/"},"modified":"2023-04-02T14:49:32","modified_gmt":"2023-04-02T19:49:32","slug":"ftx-eu-opens-withdrawal-elon-musk-calls-for-ai-halt-and-binance-news-hodlers-digest-march-26-april-1","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/02\/ftx-eu-opens-withdrawal-elon-musk-calls-for-ai-halt-and-binance-news-hodlers-digest-march-26-april-1\/","title":{"rendered":"FTX EU opens withdrawal, Elon Musk calls for AI halt, and Binance news: Hodler\u2019s Digest, March 26\u2013April 1"},"content":{"rendered":"
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\n Keep up with FTX starting withdrawals for European customers, a petition to halt development of AI, and Binance legal challenges in the U.S. <\/h2>\n<\/p>\n
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by
\n Editorial Staff<\/a><\/span>
\n 6 min<\/span>
\n April 1, 2023<\/span>\n <\/p>\n<\/div><\/div>\n

\n <\/p>\n<\/p><\/div>\n

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Top Stories This Week<\/strong><\/h2>\n

<\/a>FTX EU launches withdrawal website to pay back European users<\/strong><\/strong><\/h3>\n

The European arm of FTX has launched a website to allow customers in Europe to submit withdrawal requests<\/a>. It comes nearly five months after the global trading platform collapsed and went bankrupt in early November. Meanwhile, in the United States, lawyers for former CEO Sam Bankman-Fried have entered a not-guilty plea<\/a> for five additional charges, including accusations of bribery in China. On bail since being turned over to U.S. custody from the Bahamas, Bankman-Fried is now prohibited from using any smartphone<\/a> with internet access as part of a new court agreement.<\/p>\n

Tesla CEO Elon Musk and Apple co-founder Steve Wozniak were signatories on an open letter signed by more than 2,600 tech industry leaders<\/a> and researchers calling for a temporary halt on any further artificial intelligence (AI) development<\/a>. The petition shared concerns that AI with human-competitive intelligence can pose serious hazards to society and mankind. It urged all AI firms to \u201cimmediately cease\u201d developing AI systems that are more potent than GPT-4 for at least six months. Although supported by many, the petition has divided the larger tech community over the halt of developments.<\/p>\n

Binance and CZ sued by CFTC over US regulatory violations<\/strong><\/h3>\n

A lawsuit has been filed<\/a> by the U.S. Commodity Futures Trading Commission against Binance and its CEO, Changpeng \u201cCZ\u201d Zhao. Claims against the crypto exchange include failing to register with regulators, noncompliant trading, obscuring the location of its executive offices, and performing transactions for persons in the United States since 2019, despite a policy of blocking or restricting customers in the country. Binance\u2019s CEO has rejected the allegations<\/a>, arguing that the crypto exchange \u201cdoes not trade for profit or \u2018manipulate\u2019 the market under any circumstances,\u201d but primarily to cover expenses in fiat or other cryptocurrencies using its crypto revenue. <\/p>\n

<\/a><\/a><\/a><\/strong>US and South Korea requested extradition of Terra co-founder Do Kwon<\/strong><\/h3>\n

Authorities from both the United States and South Korea have made efforts to have Terra co-founder Do Kwon extradited<\/a> following his arrest in Montenegro. According to Montenegrin Justice Minister Marko Kova\u010d, decisions regarding Kwon\u2019s custody will go to Montenegro\u2019s high court and will rely on a number of factors, including the severity, location and time of his alleged criminal offenses. During his custody in Montenegro, Kwon may face harsh conditions<\/a> in the country\u2019s penal system since jail conditions haven\u2019t changed from those described in a 2020 human rights report by the U.S. State Department.<\/p>\n

<\/a>\u2018Withdrawals are coming!\u2019 \u2014 Ethereum devs confirm epoch for Shapella fork<\/strong><\/strong><\/h3>\n

Ethereum core developers shared more details on the highly anticipated Shapella hard fork, which will allow validators to withdraw staked Ether from Beacon Chain<\/a>. Shapella will take effect at epoch 194,048, which is scheduled for 10:27 pm UTC on April 12. Withdrawals will be enabled by Ethereum Improvement Proposal (EIP) 4895 by \u201cpushing\u201d staked Ether from the Beacon Chain to the execution layer. There are 17.81 million Ether staked on the Beacon Chain, with several mechanisms set to ensure a flood of Ether doesn\u2019t disrupt the market.<\/p>\n

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Winners and Losers<\/strong><\/h2>\n
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At the end of the week, Bitcoin (<\/strong>BTC<\/strong><\/a>)<\/strong> is at $28,358<\/strong>, Ether (<\/strong>ETH<\/strong><\/a>)<\/strong> at $1,821<\/strong> and XRP<\/strong><\/a> at $0.53<\/strong>. The total market cap is at $1.18 <\/strong>trillion, according<\/a> to CoinMarketCap.<\/p>\n

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are XRP (XRP)<\/strong> at 25.40%, Stellar (XLM)<\/strong> at 25.12%, and Conflux (CFX)<\/strong> at 22.77%.<\/p>\n

The top three altcoin losers of the week are SingularityNET (AGIX)<\/strong> at -12.85%, Stacks (STX) <\/strong>at -10.19%, and Mina (MINA) <\/strong>at -7.20%.<\/p>\n

For more info on crypto prices, make sure to read Cointelegraph\u2019s market analysis<\/a>.<\/p>\n<\/div>\n

Most Memorable Quotations<\/strong>
<\/h2>\n
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\u201cWhen I think about AI, it shocks me that we\u2019re talking so much about crypto regulation and nothing about AI regulation. I mean, I think the government\u2019s got it completely upside-down.\u201d<\/p>\n<\/blockquote>\n

<\/a>Mike Novogratz<\/strong><\/a>, CEO of Galaxy Digital<\/strong><\/p>\n

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\u201cI believe that NFTs can contribute to preserving Indonesia\u2019s cultural heritage while enhancing virtual tourism.\u201d<\/p>\n<\/blockquote>\n

<\/a>Muhammad Neil El Himam<\/strong><\/a>, deputy chairman at the Ministry of Tourism and Creative Economy of Indonesia<\/strong><\/p>\n

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\u201cAdvanced AI could represent a profound change in the history of life on Earth, and should be planned for and managed with commensurate care and resources.\u201d<\/p>\n<\/blockquote>\n

Future of Life Institute<\/strong><\/a><\/p>\n

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\u201cAs recent global financial events continue to unfold, many may also re-evaluate their dependence on traditional financial institutions [\u2026] and turn to alternative assets such as Bitcoin.\u201d<\/p>\n<\/blockquote>\n

Lasanka Perera<\/strong><\/a>, CEO of Independent Reserve Singapore<\/strong><\/p>\n

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\u201c[DeFi] KYC is about transparency and accountability. I don\u2019t think it\u2019s an issue for a majority of people. I\u2019m sure 99% of people don\u2019t have things to hide.\u201d<\/p>\n<\/blockquote>\n

Dyma Budorin<\/strong><\/a>, CEO of Hacken<\/strong><\/p>\n

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\u201cDon\u2019t ever let fear stop progress, and be wary of anyone trying to capture control in some central authority.\u201d<\/p>\n<\/blockquote>\n

Brian Armstrong<\/strong><\/a>, CEO of Coinbase<\/strong><\/p>\n

Prediction of the Week\u00a0<\/strong><\/h2>\n

Bitcoin price hits $28.5K on PCE data as macro \u2018accumulation zone\u2019 ends<\/strong><\/h3>\n

Bitcoin recovered recent losses<\/a> following encouraging macroeconomic data from the United States, with the February Personal Consumption Expenditures (PCE) Index modestly beating expectations in some areas \u2014 a sign of progress against inflation.<\/p>\n

Moving to higher timeframes, optimism was no less in evidence among traders. Caleb Franzen, senior market analyst at Cubic Analytics, wrote on Twitter:<\/p>\n

\u201cBitcoin\u2019s 24-month Williams%R Oscillator is set to close above the \u2018oversold\u2019 threshold for March, which has marked an end to prior bear markets. Bullish long-term probabilities are improving, so long as we stay above the lower-bound.\u201d<\/p>\n

FUD of the Week\u00a0<\/strong><\/h2>\n
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<\/a><\/h3>\n

<\/a><\/a><\/a><\/strong><\/strong>Italy blocks ChatGPT, investigates suspected violations<\/strong><\/h3>\n

Italy\u2019s watchdog in charge of protecting data has announced that it\u2019s temporarily blocking the artificial intelligence chatbot ChatGPT<\/a> and is opening an investigation over suspected breaches of data privacy rules, including a recent data breach that the AI platform suffered on March 20. The Italian agency highlighted several issues for the decision, such as the lack of information for users on OpenAI data collection and the absence of an age verification feature within the application to avoid minors. The agency further noted that the information provided by the AI chatbot is not always accurate and that inaccurate handling of personal data may occur.<\/p>\n

<\/a>Mysterious entity may be collecting BTC users\u2019 IP addresses \u2014 Bitcoin developer<\/strong><\/strong><\/strong><\/strong><\/h3>\n

An unknown person or group may be collecting IP addresses of Bitcoin users<\/a> and linking them to their BTC addresses, compromising their privacy, according to pseudonymous Bitcoin app developer 0xB10C. The entity has been active since March 2018, and its IP addresses have shown up on several public posts from Bitcoin node operators over the past several years. In an interview with Cointelegraph, 0xB10C stated that the vulnerability doesn\u2019t just affect users who run their own nodes. Even users who rely on a third-party server through a wallet like Electrum or Mycelium can still be victims.<\/p>\n

Jake Paul-endorsed SafeMoon gets hacked after introducing a bug in upgrade<\/strong><\/h3>\n

SafeMoon, a project previously endorsed by celebrities and social influencers, such as Jake Paul and Soulja Boy, announced its liquidity pool (LP) had been compromised<\/a>. Blockchain investigator PeckShield narrowed the problem to a recent public burn function introduced in the latest upgrade that allegedly allows users to burn tokens from other addresses. The attacker used the vulnerability to remove SafeMoon tokens, causing an artificial spike in the token\u2019s price.<\/p>\n

Best Cointelegraph Features<\/strong><\/h2>\n
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Web3 Gamer: Shrapnel wows at GDC, Undead Blocks hot take, Second Trip<\/strong><\/h3>\n

Could the tide finally be turning<\/a> as more Web2 gaming companies start to dabble in Web3?<\/p>\n

<\/a><\/a><\/strong>Crypto Wendy on trashing the SEC, sexism, and how underdogs can win: Hall of Flame<\/strong><\/h3>\n

Crypto Wendy taught herself to trade<\/a> crypto in 2017 as the perfect 24\/7 job to fit in around the demands of raising her young daughter.<\/p>\n

The secret of pitching to male VCs: Female crypto founders blast off<\/strong><\/strong><\/h3>\n

There are plenty of structural issues<\/a> holding back female founders in the male-dominated tech industry, but there are also benefits to being a woman in the space.<\/p>\n

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The most engaging reads in blockchain. Delivered once a
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Editorial Staff<\/h2>\n

Cointelegraph Magazine writers and reporters contributed to this article.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n

Read More<\/a>
\n Cointelegraph By Editorial Staff<\/p>\n","protected":false},"excerpt":{"rendered":"

Keep up with FTX starting withdrawals for European customers, a petition to halt development of AI, and Binance legal challenges in the U.S. by Editorial Staff 6 min April 1, 2023 Share Tweet Share Share Top Stories This Week FTX EU launches withdrawal website to pay back European users The European arm of FTX has<\/p>\n","protected":false},"author":1,"featured_media":624775,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2481,35254],"tags":[],"class_list":{"0":"post-624774","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-opens","8":"category-withdrawal"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/624774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=624774"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/624774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/624775"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=624774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=624774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=624774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}