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Bring together legacy systems, RPA bots, microservices, and more with Camunda. Start a 30-day free trial. All of this would, of course, be resolved if GBTC was converted into a proper ETF. No wonder Grayscale is suing the SEC to try to force an ETF through.
In the context of the thread, Ellison is clearly speaking of amphetamines for treating ADHD — she describes common ADHD symptoms. A lot of ADHD medication, such as Adderall, is just amphetamines. But if you have ADHD, then a small dose of amphetamines works to focus your brain. And Caroline is a true believer. DCG has proposed a plan that offers unsecured creditors 70%–90% baseline recovery with a “meaningful portion of the recovery in digital currencies.” [ Doc 698 , PDF]Arthur Hayes, founder of the BitMEX crypto futures exchange, also got a start in arbitrage trading in Asian markets — in 2013. He started small, and it was by no means an easy arbitrage to exploit. The only bit of Earth 2 that does anything right now is the virtual land trading system. Earth 2 is very proud of this, per the 2022 Update document: Three Arrows Capital (3AC) had its second bankruptcy hearing in the US on 28 July. The lawyer for Teneo, 3AC’s liquidator, says the whereabouts of 3AC founders Su Zhu and Kyle Davies remain a mystery — and the pair are handing over financial info piecemeal. [ Yahoo Finance] The bitcoin use case shows up again! It’s money laundering. Caio Marchesani, an Italian fintech owner in the UK, allegedly converted hoards of cash into crypto via Binance for Sergio Roberto de Carvalho — who Interpol called “one of the world’s most wanted kingpins” — and Flor Bressers, a.k.a. “the finger cutter.” Nice. De Carvalho and Bressers were both arrested in 2022. [ Bloomberg , archive] I predict Earth 2 will either drag their heels on adding teleporting and discover everyone hates it, or add it and discover the bottom falls out of the real estate market. If they ever add any features besides “land speculation simulator #294”, anyway.
The other danger now for DCG is that Grayscale is an SEC-registered securities issuer and Genesis is an SEC-registered broker-dealer — so there’s quite a lot of data on their dealings with 3AC that the SEC can just ask them for. [ Data Finnovation] Celsius CAIS is a nonprofit that gets about 90% of its funding from Open Philanthropy, which is part of the Effective Altruism subculture, which David has covered previously. Open Philanthropy’s main funders are Dustin Moskowitz and his wife Cari Tuna. Moskowitz made his money from co-founding Facebook and from his startup Asana, which was largely funded by Sam Altman. The Writer’s Guild of America, a labor union representing writers for TV and film in the US, is on strike for better pay and conditions. One of the reasons is that studio executives are using the threat of AI against them. Writers think the plan is to get a chatbot to generate a low-quality script, which the writers are then paid less in worse conditions to fix. [ Guardian] Celsius in the Daily Telegraph (UK): “‘It’s very closely analogous to 2008,’ says David Gerard, author of Libra Shrugged: How Facebook Tried To Take Over the Money. ‘They couldn’t resist playing the market with customer funds.’” [ Telegraph] This sort of arbitrage on international exchanges was well known. The bitcoin world rabidly sought out international arbitrages. But for some reason, only Alameda was in a position to exploit this one on a large scale — if you believe Sam.
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Binance CEO Changpeng Zhao (CZ) flew into Seattle from Dubai to personally plead guilty to willful violations of the Bank Secrecy Act. Per the plea agreement, “Defendant prioritized Binance’s growth, market share, and profits over compliance with the BSA.” The plea agreement also contains a statement of facts in the case. [ CZ plea agreement , PDF] OFAC is concerned by the extensive sanctions violations. FinCEN is also concerned by how Binance just ignored the BSA and acted as the cashier’s desk for ransomware operators and the darknet markets. FinCEN wasn’t happy with the child pornography either. The APIs are provided by centralised entities. These often call themselves “decentralised” because they promise they aren’t interfering with the messages.
This spells bad news for Voyager’s creditors as well — most of Voyager’s money was in 3AC. The Grayscale two-step Most zillionaires don’t seek the limelight. They just get on with making money. If you see the ultra-wealthy promoting themselves, it’s a stage-managed production for publicity purposes, designed to distract from whatever is really going on.Russell Wong at the Federal Reserve Bank of Richmond, Virginia, wrote up how UST and luna worked. He says that Anchor was not technically a Ponzi: “Anchor’s deposit is more like an MMMF [ money market mutual fund] with a huge sign-up bonus, courtesy of its private investors.” [ Richmond Fed] Either Binance or Tether is likely to go down in 2023. More likely Binance. (But then, we thought Tether would definitely go down by December 2017.) Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war. Mowshowitz believes that Bankman-Fried says whatever the person he’s talking to wants to hear. He doesn’t care whether any statements he makes are true or false. Sam only cared about making the number go up — to win at EA as if it were a winnable game. Legally prescribed medication The current AI hype is due to a boom in machine learning — when you train an algorithm on huge datasets so that it works out rules for the dataset itself, as opposed to the old days when rules had to be hand-coded.
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