Researchers show AI misalignment in a GPT-4-based stock trading bot that performed insider trading in a simulated environment without being instructed to do so
Researchers show AI misalignment in a GPT-4-based stock trading AI that engaged in insider trading in a simulated environment without being instructed to do so
Also OpenAI's board, kangaroo grazing and bank box-checking. — AI MNPI — Here you go, insider trading robot:
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 , @...
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 , @...
Elon Musk says Twitter has temporarily limited verified accounts to reading 10K posts/day, unverified 1K, and new unverified 500, due to “extreme” data scraping
Censorship Expert Says Musk ‘Has Stepped on a Rattlesnake’ Jonas Mäki / Gamereactor UK : Twitter stops data collection by adding lots of restrictions Brayden Lindrea / Cointelegrap...
A developer says Twitter appears to be DDoSing itself via a Twitter web app JavaScript bug, which could be tied to Elon Musk's emergency blocks and rate limits
For anyone keeping track, this isn't even the first time they've completely broken … Nick Heer / Pixel Envy : Tweets Are Now Login-Walled — Like Šime Vidas, I have often linked o...
A developer says Twitter appears to be DDoSing itself due to a bug in Twitter's web app, which could be tied to Elon Musk's emergency blocks and rate limits
For the last two days, Elon Musk has claimed that Twitter is under attack from “several hundred organizations” who were conducting …
Elon Musk says verified Twitter accounts are temporarily limited to reading 10K posts/day, unverified 1K, and new unverified 500, due to “extreme” data scraping
Twitter is putting limits to how many tweets its users can read as the Elon Musk-owned service suffers extended outage …
By capitalizing on crypto lending services' high interest rate promises, 3AC's founders played the bubble perfectly, getting rich as 3AC's lenders went bankrupt
Matt Levine / Bloomberg : Mastodon: @carnage4life@mas.to . Tweets: @business , @rr_edmonds , and @matt_levine Mastodon: Dare Obasanjo / @carnage4life@mas.to : A fun but cynical ta...
A look at what the SEC and crypto industry learned from the SEC's ICO enforcement actions in 2017, why the SEC is targeting only select tokens, and more
SEC v. crypto exchanges — The US Securities and Exchange Commission began cracking down on crypto in 2017.
A look at the similarities and differences between the SEC's lawsuits against Coinbase and Binance, as the SEC views every crypto exchange in the US as illegal
SEC v. Crypto — “A decent rule of thumb,” I wrote in March, “is that all cryptocurrency exchanges are doing crimes …
The US SEC sues Bittrex and its ex-CEO for allegedly operating an unregistered securities exchange, claiming tokens like Algorand and Omise Go are securities
4 recent SEC events indicate that crypto-exchanges … Tweets: @secgov : Today we charged crypto asset trading platform Bittrex Inc. and its co-founder and former CEO William Shihara...
A look at Balaji Srinivasan's proposed $1M bitcoin bet, predicting one BTC will be worth $1M+ in 90 days, which makes little sense besides attracting attention
It is sometimes useful to think that the shareholders of a bank are not its owners; they are just renting it from its creditors.
US financial regulators are rapidly closing crypto's key routes to the banking system, accelerating since FTX collapsed, pushing the industry to the fringes
Crypto's free pass is getting yanked as the most powerful US financial regulators rapidly close key doors to the country's banking system.
By suing Genesis Global Capital and Gemini Trust over Gemini Earn in 2023, the SEC is years late to addressing the crypto lending product marketed as a security
Earn — Well, of course: … We covered this in 2021, when Coinbase Global Inc.'s similar crypto lending program was shut down by the SEC before it started.
The deep problem with SPACs is the sponsors' and warrant holders' cuts, paid by the target company or the SPAC shareholders, leading to a bad deal for both
SPAC SPAC SPAC — Simplifying a bit, the way a special purpose acquisition company works is that the sponsor of the SPAC raises …
The US case against alleged Mango Markets manipulator Avraham Eisenberg highlights traders treating crypto as a game, forgetting the real-world consequences
Mango — So here's a trade. — You open two accounts on a commodity futures exchange, Account A and Account B. Tweets: @pt , @matt_levine , @mrauchs , @martincschmalz , @aservais1...
The SEC's complaint against Caroline Ellison and Gary Wang classifies FTX's FTT token as a security since it was “offered and sold as an investment contract”
Sam Bankman-Fried appears in NY federal court charged with wire fraud and other crimes; a judge grants a $250M bail confining him to his parents' Palo Alto home
Sam Bankman-Fried will be released on a $250 million bond package while he awaits trial on fraud charges related to the collapse …
An analysis of Elon Musk's reported attempts to raise money for Twitter via an equity sale at an absurd price, why his successor will be unpopular, and more
Matt Levine / Bloomberg : Tweets: @matt_levine , @shoepergirl , @gthartley , @iihavetoes , @johnpaczkowski , @ben_mathes , and @rachaelmyrow Tweets: Matt Levine / @matt_levine : T...