The SEC seeks an extra $158m to better regulate the unpredic

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The SEC seeks an extra $158m to better regulate the unpredictable crypto sector, planning to expand its workforce and manage the surge in related lawsuits.

The SEC seeks an extra $158m to better regulate the unpredictable crypto sector, planning to expand its workforce and manage the surge in related lawsuits.

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FTX victims asked the court to rule that the FTX’s $8bn in forfeited assets belong to customers, not the bankruptcy estate. They argued that the bankruptcy code prioritizes certain creditors over others, such that holders of FTX’s FTT token are near the bottom of the priority list.

Researchers claim GPT-4 has passed the Turing test, being judged as human 54% of the time in a study where 500 people conversed with various AI models and a human.

Chinese users reported a major account details leak at OKX, indicating a potential insider breach targeting high-value users.

Bitwise released a report predicting that the crypto and AI industries could add a combined $20tr to global GDP by 2030. The report highlights that Bitcoin miners have all the resources that AI firms need, citing CoreWeave's $1.6bn acquisition of Bitcoin miner Core Scientific at a 55% premium as an example. Crypto and AI have the potential to intersect in other areas other than mining such as information validation and virtual assistants.

Turkey will introduce transaction taxes on stocks and cryptocurrencies. Stock transactions will be taxed at 0.01% to 0.03%, while cryptocurrency transactions will incur a 2% service fee. Previously, Turkey’s Treasury and Finance Minister stated that the government has no plans to tax profits on stocks and cryptocurrency.

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