Paxos

Why does OpenAI CEO say ChatGPT is a “horrible product”? Read more tech news Good morning tech fam, here are some quick tech updates for you to catch on to! What’s New Today: Twitter’s “New CEO” is Revealed by Elon Musk: “So Much Better Than That Other Guy”. Fast-Track Insights: Sequoia and Paradigm are the Targets of An Investor Lawsuit Filed by FTX. Sam Altman, CEO of OpenAI and a co-founder, is aware that ChatGPT, his company’s AI chatbot, has problems. In a podcast interview, he even recently referred to it as a…

Binance Coin has fallen more than 9% yesterday as investors mull the prospect of increased regulatory scrutiny in light of an SEC warning that the Binance stablecoin may be considered a security. The news comes after it emerged late last week that US-based blockchain entity, Paxos, would suspend its issuance of Binance USD (BUSD) after scrutiny from US regulators.  At the time of writing, BNB is trading below US$300 for the first time since Jan. 17.  The Paxos Trust Company is a New York-based fintech company…

Regulator halts Paxo’s Binance for violating shareholder protections as it trades on unregistered security. As a breakdown in the crypto sector gains momentum, US regulatory agencies have temporarily suspended further allotment of Binance a stablecoin. Paxos, the stablecoin company behind the token’s formation, announced on 13 February. It would terminate its connection with the Binance return over BUSD, which is used to help market participants move faster into and out of the crypto industry. The New York Agency of…

PayPal Holdings Inc. is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner in the project faces a probe by the New York State Department of Financial Services.PayPal had hoped to debut the stablecoin, which will be backed one for one by the US dollar, in the coming weeks, but will delay that work as it seeks to understand the changing regulatory landscape for such digital assets, according to a person with knowledge of the matter. New York regulators have been…

Analytics Insight has listed the top 10 current cryptocurrency prices for February 14, 2023 According to earlier reports from Reuters and The Wall Street Journal, New York authorities have ordered the cryptocurrency firm Paxos to cease releasing Binance USD (BUSD), the third-largest stablecoin by market size and tied to the US dollar, due to fears that it can’t “safely” issue the token. Analytics Insight has listed the top 10 current cryptocurrency prices as of February 14, 2023. Bitcoin- US$21,754.98 (down by 0.50%)…

Noam Chomsky, an American linguist criticizes ChatGPT saying ‘it’s a way to avoid learning’! Read more tech news Good morning tech fam, here are some quick tech updates for you to catch on to! What’s New Today: Amazon CEO Andy Jassy Says the Company Has Been Working on ChatGPT-Like Tech for a Long Time. Fast-Track Insights: Bitcoin Funding Rates Fall into Negative Territory as Investor Caution Grows. The American philosopher and linguist Noam Chomsky described ChatGPT, a sophisticated artificial intelligence chatbot from…

Solar panels can make homes a lot greener. But they can also make them look a lot less attractive.In one survey conducted by the environmental-news publisher EcoWatch, a big reason homeowners didn’t install solar panels—second only to cost—was that they didn’t like how they looked. Now researchers and private companies are working on new designs that could change the look of residential solar—and lure more people into trying the technology. They are testing everything from solar cells so thin they can be spread like…

Blockchain platform Paxos Trust Co. LLC plans to add at least 130 hires in Singapore over the next three years. Blockchain platform Paxos Trust Co. LLC plans to add at least 130 hires in Singapore over the next three years after its unit in the city-state received a central bank license to offer digital-token payment services. “Singapore will be our hub for growth outside the US,” Co-Founder Rich Teo said in an interview, adding as many as 180 people could be brought on over the 36-month period. The current…