OpenAI clarified that through the process of fine-tuning, developers can customize the capabilities of GPT-3.5 Turbo according to their requirements. For example, a developer could fine-tune GPT-3.5 Turbo to create customized code or proficiently summarize legal documents in German, using a data set sourced from the client’s business operations.Continue Reading on Coin Telegraph More
You’ve probably heard of the Lightning Network, which allows you to create a fancy BTC address that looks like an email or a web domain. But there’s also a way of creating Bitcoin addresses containing human-readable words on the original Bitcoin blockchain. Such addresses are known as vanity Bitcoin addresses.Continue Reading on Coin Telegraph More
In the same hearing where Bankman-Fried pleaded not guilty to seven fraud-related charges, Bankman-Fried’s lawyers pleaded for the former FTX CEO to receive better treatment inside Brooklyn’s notorious Metropolitan Detention Center, according to an Aug. 22 transcript shared by the Inner City Press.Continue Reading on Coin Telegraph More
In May, Nathanial ‘Nate’ Chastain was convicted of fraud and money laundering. The update was revealed in a press release on Aug. 22. Chastain, whose job at OpenSea included selecting NFTs appearing on the platform’s front page, will serve a three-month jail term and another three months of home confinement.The former OpenSea executive will also be subject to three years of supervised release, pay a fine of $50,000, and forfeit the ETH he gained from the NFT insider trading.Between June and September 2021, the product manager took advantage of confidential information to purchase NFTs that he knew would appear on OpenSea’s homepage. When such NFTs were eventually featured, the executive would sell them two to five times his purchase price, thereby making profits. Chastain reportedly bought and sold 45 NFTs using secret wallets and anonymous OpenSea accounts to conceal the illegal activity. The former employee’s actions came to light in September 2021, with the executive resigning from OpenSea. Chastain was later arrested by US authorities in June 2022 and charged with one count each of wire fraud and money laundering. In August 2022, the former product manager filed a motion to dismiss the insider trading allegations against him and the wire fraud count. Meanwhile, compared to Chastain’s sentence, an ex-Coinbase product manager Ishan Wahi, was sentenced to two years in prison for insider trading. Ishan, his brother Nikhil Wahi, and his friend Sameer Ramani used confidential knowledge to profit from new token listings on Coinbase (NASDAQ:COIN). Nikhil also pleaded guilty and got a 10-month prison sentence.Ishan and Nikhil reached an agreement with the Securities and Exchange Commission (SEC) in May 2023 to forfeit their ill-gotten funds. This article was originally published on Crypto.news More
Banking giant Citi’s latest edition of its Securities Services Evolution white paper highlighted India’s recent move to T+1 settlements, which ensures all trade-related settlements conclude within 24 hours of a transaction. As the United States, Canada and other leading economies step up efforts to transition to T+1 settlement cycles, the Citi survey gauges the importance of distributed ledger technology (DLT), CBDCs and stablecoins in expediting this transition.Continue Reading on Coin Telegraph More
Under the proposed conditions, generative AI cannot be considered a writer. Therefore, any AI-created material cannot be regarded as literary or intellectually protected. Continue Reading on Coin Telegraph More
Speaking to Jim Cramer on CNBC’s Mad Money on Aug. 21, the cybersecurity firm CEO said that companies with outdated security systems need to take particular heed, as cyber criminals are only getting faster.Continue Reading on Coin Telegraph More
The lengthy 100-page Aug. 21 filing breaks down how prosecutors would like presiding Judge Lewis Kaplan to instruct the jury in Bankman-Fried’s case based on previous jury instructions the New York district judge has given in other cases.Continue Reading on Coin Telegraph More
