U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month; BUSD Trading Temporarily Halted by Binance.US After CFTC Allegations

A petition led by Elon Musk to halt the development of artificial intelligence (AI) has divided the tech community. The petition, which has been signed by over 10,000 individuals, argues that AI poses a significant risk to society and that more research is needed to ensure that it is developed in a responsible and ethical manner.

The Chinese central bank has criticized the United States for its failure to effectively regulate the cryptocurrency industry. The comments come ahead of a visit by Elon Musk to China, where he is expected to discuss the potential for greater collaboration between Chinese and American companies in the cryptocurrency and blockchain sectors.

Julia Leung has stated that cryptocurrency platforms must be regulated from the perspective of investor protection, as they are part of the Web 3.0 ecosystem.

Floki, a new cryptocurrency named after the dog of Elon Musk, has been listed on one of the world's oldest crypto exchanges, Bitstamp. The article notes that the listing of Floki on Bitstamp is a significant development for the cryptocurrency industry, as it highlights the growing interest and adoption of new cryptocurrencies and blockchain technology.

Elon Musk, Steve Wozniak, and Andrew Yang are amongst 1,100 signatories on an open letter calling for OpenAI to pause the development of artificial intelligence systems more potent than GPT-4 for at least six months.

Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. 

Elon Musk, American business magnate and CEO of Twitter, once again made an allusion to Dogecoin (DOGE), particularly mentioning, in a lighthearted tone, that a visit to Twitter headquarters would cost a total of 3 DOGE.

Coinbase CEO Brian Armstrong sold Coinbase shares prior to receiving a warning from the Securities and Exchange Commission (SEC)

The U.S. Federal Reserve sticks to its goal of reducing inflation to 2% and raises interest rates by another 25 bps to 4.75%-5%. Fed Chair Jerome Powell said officials don’t see rate cuts this year and could raise rates higher than expected if needed. He also added that US banks are “sound”. Meanwhile, Treasury Secretary Janet Yellen disclosed that the FDIC will not offer “blanket insurance” for all bank deposits.