Best crypto memes of the day – June 2nd

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• US senators slam Meta’s ‘unrestrained’ AI release

  TL;DR Breakdown Two US senators, Richard Blumenthal, and Josh Hawley, have raised concerns about Meta chief executive Mark Zuckerberg and the tech giant’s “leaked” artificial intelligence model called LLaMA. They contended that Meta’s release of LLaMA lacked thorough consideration of the potential consequences, which they deemed a disservice to the public. While ChatGPT is programmed to reject certain requests, users have found ways to “jailbreak” the model and make it generate responses it would typically refuse. Two US senators, Richard Blumenthal, and Josh Hawley, have raised concerns about Meta chief executive Mark Zuckerberg and the tech giant’s “leaked” artificial intelligence model called LLaMA. The senators argue that LLaMA poses potential dangers and could be exploited for criminal activities. In a letter dated June 6, the senators criticized Zuckerberg’s decision to open source LLaMA and claimed that there were insufficient safeguards in Meta’s release of the AI model. While they acknowledged the benefits of open-source software, they contended that Meta’s release of LLaMA lacked thorough consideration of the potential consequences, which they deemed a disservice to the public. Initially, LLaMA had…

  Article 2023年6月11日

• Coinbase unveils its global zero-trading subscription service ‘Coinbase One’

  TL;DR Breakdown Coinbase has expanded its zero-fee subscription service, Coinbase One, beyond the U.S. to include the U.K., Germany, and Ireland, with plans for further international expansion. The service, priced at $29.99 per month, offers customers zero trading fees, higher staking rewards, access to analytics, and 24/7 dedicated support, among other benefits. Despite its international growth and introduction of a global platform for crypto derivative trading, Coinbase reaffirms its commitment to the U.S. market. Cryptocurrency exchange titan, Coinbase, has taken its pioneering zero-fee subscription service, Coinbase One, from beta testing to global expansion. First launched as a US exclusive in 2021, Coinbase One has now spread its wings, reaching across the Atlantic to customers in the United Kingdom, Germany, and Ireland. 2/ The best of Coinbase just got ✨better✨ Unlock zero trading fees, a dedicated support team, boosted staking rewards, and exclusive benefits from partners with Coinbase One — all for $29.99/month. Claim your 30-day free trial → https://t.co/agCecP7lsp — Coinbase 🛡️ (@coinbase) May 18, 2023 For a relatively modest fee of $29.99 per month, customers can now enjoy the…

  Article 2023年5月19日

• Cardano’s Mithril Mainnet Beta Launch: A New Era of Functionality

  TL;DR Breakdown Cardano’s Mithril mainnet beta launch has been finalized, with the team vigilantly monitoring the network’s performance. Mithril introduces a novel staking-based protocol, revolutionizing block verification and empowering decentralized decision-making. Description Cardano, one of the world’s leading blockchain platforms, has reached a significant milestone with the completion of its Mithril mainnet beta launch. This remarkable achievement sets the stage for a new era of functionality, marking a vital step forward in Cardano’s journey toward creating a robust, secure, and scalable blockchain ecosystem. Contents hide 1 Mithril’s … Read more Cardano, one of the world’s leading blockchain platforms, has reached a significant milestone with the completion of its Mithril mainnet beta launch. This remarkable achievement sets the stage for a new era of functionality, marking a vital step forward in Cardano’s journey toward creating a robust, secure, and scalable blockchain ecosystem. Contents hide 1 Mithril’s Performance and Network Monitoring 2 Unveiling Mithril’s Innovative Functionality 3 Implications and Future Prospects 4 Conclusion Mithril’s Performance and Network Monitoring As the mainnet beta launch progresses, the Mithril team has expressed its commitment to…

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• Meta slapped with massive $1.3B fine for EU-U.S. data transfers

  TL;DR Breakdown Meta faces a record €1.2 billion ($1.3 billion) fine by EU privacy regulators for user data transfer to the U.S. The decision follows a case arguing that the transfer framework doesn’t protect Europeans from U.S. surveillance. The company is directed to stop future data transfers to the U.S. within five months, but the company plans to appeal. In a landmark development, Meta, the global social media giant, has been dealt a record €1.2 billion ($1.3 billion) blow by European privacy regulators. This ruling is directly linked to the transfer of EU user data to the U.S., a topic that has been a long-standing bone of contention. Dissecting the EU’s unprecedented penalty This monumental decision stems from a case brought forward by Austrian privacy campaigner Max Schrems. He proposed that the existing mechanism for data transfer from the EU to the U.S. failed to adequately safeguard Europeans against American surveillance. Following the argument, numerous mechanisms that facilitated legal transfer of personal data between the U.S. and the EU have come under scrutiny. Privacy Shield, the latest of such mechanisms,…

  Article 2023年5月24日

• Binance Revolutionizes Security: Traders Can Now Secure Collateral at Banks

  TL;DR Breakdown Binance responds to increased demands for enhanced security measures by considering a solution that allows institutional traders to secure their collateral at banks, reducing counterparty risk. Collaborations with FlowBank and Bank Frick are being explored as potential intermediaries for this service, providing an added layer of security and instilling confidence among traders. In response to increased demands for enhanced security measures in the wake of FTX’s collapse, cryptocurrency exchange Binance is reportedly considering a solution that would allow institutional clients to secure their trading collateral at banks. Swiss-based FlowBank and Liechtenstein-based Bank Frick have emerged as potential intermediaries for this service, according to anonymous sources familiar with the matter. Contents hide 1 Binance Responds to Counterparty Risk Concerns 2 A Tri-Party Agreement for Enhanced Security 3 The Future Outlook and Binance CEO’s Perspective 4 Conclusion Binance Responds to Counterparty Risk Concerns In the aftermath of the collapse of FTX, which resulted in significant losses for numerous traders, Binance, a leading cryptocurrency exchange, is actively exploring measures to reduce counterparty risk for its institutional clients. Recognizing the growing demand…

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