Strategy reports Q4 net loss up 1,749% YoY to $12.4B, as BTC trades below the company's $76,052 average purchase price; MSTR is down ~60% over the past year
Shares of the bitcoin-stockpiling company have fallen sharply since crypto prices touched all-time highs in October
Why this is the worst crypto winter ever: AI crowds out BTC for mindshare and power grid access, crypto is mainstream, gold beats BTC as a safe haven, and more
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us …
Coinbase says hackers accessed data of a “small subset” of users, but not credentials, expects to incur $180M-$400M in costs, and refuses to pay a $20M ransom
and the investigators who saw it coming Sead Fadilpašić / TechRadar : Personal information leaked in Coinbase cyberattack, cost could be $400 million Bloomberg : Coinbase Hack Coul...
Source: Coinbase's hackers had bribed enough customer service representatives to achieve effectively on-demand access to customer info in the past five months
On the long list of crypto companies that have been hacked, there are plenty of examples of financial losses that are much more painful …
The EU confirms requesting further explanations from Apple over removing Epic's developer account under the DMA, and is examining if Apple broke any other rules
- Epic Games barred by Apple from opening own iPhone app store — EU says it is looking to see if firm has broken new tech law
Epic says Apple removed its iOS developer account, hampering its app store plans, and shares a letter from Apple lawyers calling Epic “verifiably untrustworthy”
Biden signs an EO on generative AI, directing the NIST, DHS, and other agencies to create new safety standards, protect privacy, support workers, and more
President Joe Biden signed an executive order providing rules around generative AI, ahead of any legislation coming from lawmakers.
Investigation: some stakeholders, like AI firms selling CSAM scanning tech, funded lobbying efforts for EU Commissioner Ylva Johansson's CSAM scanning proposal
the best follow the money reporting on who's behind the global attack on digital privacy yet. — TLDR: it's law enforcement x AI companies posing as NGOs w a commercial interest i...
Coinbase says the exchange received regulatory approval from the CFTC-backed National Futures Association to offer futures trading services to eligible US users
a ‘watershed moment’—as decision on Grayscale spot Bitcoin ETF looms Emily Tonelli / Crypto Briefing : Coinbase Steps Up, Securing Approval for Listing US Crypto Futures Trading Mu...
Coinbase says the exchange received regulatory approval from the CFTC-backed National Futures Association to offer futures trading services to eligible US users
- Coinbase is now allowed to operate as a futures commission merchant and offer eligible U.S. customers access to crypto futures from its platforms, the company said.
The Ripple ruling implies securities laws protect only sophisticated investors, the opposite of the US stock market's rule, and seems likely to work out poorly
Crypto tokens are securities unless you are anonymously dumping them on retail investors. LinkedIn: Kelvin Low . Twitter: @smdiehl , @matt_levine , @exlawyernft , @ben_mckenzie , @...
A US judge says Ripple's XRP sales to sophisticated investors violated securities law but that sales on exchanges were not offers of securities
and this week it got a big one Hassan Shittu / Cryptonews : Coinbase Pauses Staking Services in Several US States Amid SEC Lawsuit Mutuma Maxwell / Cryptopolitan : Binance clients ...
After the US court ruling, Coinbase, Kraken, and Bitstamp resume XRP trading on their US exchanges and Gemini is exploring listing the token
U.S. federal court ruled on Thursday that sale of XRP tokens on exchanges and through algorithms did not constitute investment contracts.
A US judge says Ripple's XRP sales to sophisticated investors violated securities law but that sales on exchanges were not offers of securities; XRP jumps 70%+
🚀 According to documents filed earlier today … Twitter: Brad Garlinghouse / @bgarlinghouse : We said in Dec 2020 that we were on the right side of the law, and will be on the right...
Over 1,000 people, including Elon Musk, sign an open letter urging AI labs to pause training of systems more powerful than GPT-4 for at least six months
We call on all AI labs to immediately pause for at least 6 months the training of AI systems more powerful than GPT-4. — Signatures
Experts criticize OpenAI for not disclosing GPT-4's training data or methods used; OpenAI co-founder says its past approach to openly sharing research was wrong
The system's capabilities are still being assessed, but as researchers and experts pore over its accompanying materials …
After Oasis complied with a UK high court order and upgraded a DeFi contract, Jump recovers ~120,000 ether, worth $140M, stolen during the 2022 Wormhole exploit
There have recently been two high-profile cases … CoinDesk : Oasis Exploits Its Own Wallet Software to Seize Crypto Stolen in Wormhole Hack Born Bored/CK News and Updates News Lett...
The recovery of ~120K stolen ether by Jump and Oasis demonstrates the centralization of DeFi enabled by multisig-controlled upgradable smart contracts
Wormhole, Jump Crypto, and Oasis demonstrate the centralization threat introduced by multisig-controlled upgradable smart contracts.
Jump Crypto recovers ~120,000 ether, worth $140M, stolen during the 2022 Wormhole exploit after Oasis upgraded a DeFi contract following a UK high court order
The Chicago trading firm appears to have recovered the 120,000 ether stolen during the 2022 Wormhole exploit.
Sources: banks providing $13B in cash to help fund Elon Musk's Twitter bid have begun transferring the money, signaling the deal could close on Friday
Wall Street Journal :