Download the HENI News app

Crypto Weekly (14/04): OpenSea overtakes Blur, Amazon enters the AI race, and Italy unbans ChatGPT

5 min read  ·  13 Apr 2023

Image of the sandbox environment used by AI researchers from Stanford and Google

⚖️ Crypto Regulation

SEC Claims Recent Court Win Weakens Ripple’s Core Argument. The SEC has claimed that its recent win against broker dealer Commonwealth Equity Services should be taken into account in its Ripple lawsuit, which could end with a summary judgment any day now. (Blockworks)

👾 NFTs

OpenSea Pro has overtaken Blur in NFTs transactions share. NFT aggregator OpenSea Pro has seen significant increases in active addresses and transaction volumes this week following its launch. It also managed to take and maintain the top share of transactions in a competitive market. (The Block)

NFT marketplace LooksRare launches v2, reducing fees from 2% to 0.5%. (Cointelegraph)

Mastercard Drops Free Music Pass NFTs With Perks for Holders. Credit card giant Mastercard has started a Web3 artist accelerator, with free Polygon-based 'Music Pass' NFTs that provide benefits ahead. (Decrypt)

Goblintown Lampoons NFTs, Halts Trading on OpenSea and Blur. Truth Labs, creator of the Goblintown NFT collection, has changed the artwork for all the NFTs to a middle finger and has disabled trading. (Decrypt)

Canon is set to launch an Ethereum photo NFT marketplace called Cadabra. Canon USA, the American division of the global camera and imaging giant, announced today that it will launch an Ethereum NFT marketplace dedicated to photography later this year, dipping further into the Web3 world after an NFT drop in 2022. (Decrypt)

🔗 Crypto ecosystems and DeFi

Ethereum's Shanghai upgrade is live, finalising the transition to proof-of-stake. On Tuesday, the Ethereum upgrade, known as Shapella, was triggered and the network started processing withdrawl requests for staked ETH. (CoinDesk)

Twitter partners with eToro to let users trade stocks and crypto. Starting Thursday, Twitter will give users the option to buy and sell stocks and other assets from eToro. Musk has made it his mission to turn Twitter into a so-called "super app" that offers users financial services on top of social media. (CNBC)

FTX recovers $7.3bn in assets and is considering using creditor money to restart the crypto exchange. FTX has recovered over $7.3 billion in cash and liquid crypto assets, an increase of more than $800 million since January and is exploring whether it can use money marked to repay customers to restart its failed crypto exchange. (Reuters)

🤖 AI

ChatGPT can resume in Italy if meets data watchdog's demands. Italy's data protection agency set out a list of demands on Wednesday which it said OpenAI must meet by April 30 to address the agency's concerns over the ChatGPT chatbot and allow the artificial intelligence service to resume in the country. (Reuters)

Google and Stanford researchers have created a virtual city inhabited by “generative” agents trained by ChatGPT. Titled ‘Generative Agents,’ the application creates believable simulations of human behavior for interactive applications. ⁠The bots demonstrated “plausible” human behavior: they coordinated plans, had meaningful conversations, and even “unwound” in the evenings at a bar. “In this work, we demonstrate generative agents by populating a sandbox environment reminiscent of The Sims, with twenty-five agents. Users can observe and intervene as agents. For example, they plan their days, share news, form relationships, and coordinate group activities,” the journal said.⁠ (Synced)

Senate Majority Leader Chuck Schumer (D-N.Y.) is taking early steps toward legislation to regulate artificial intelligence technology. Potential regulations from Congress would be focused on four guardrails geared towards ensuring responsible AI, requiring: (1.) The identification of who trained the algorithm and who its intended audience is. (2.) The disclosure of its data source. (3.) An explanation for how it arrives at its responses. (4.) Transparent and strong ethical boundaries. (Axios)

China slaps security reviews on AI products as Alibaba unveils ChatGPT challenger. The Chinese regulator warns content should embody ‘socialist values’ as Chinese companies race to catch up with US tech. (FT)

Beijing chooses targets carefully as it goes on offensive in US chip wars. Analysts see memory-chip maker Micron as obvious first choice but say China will tread cautiously on further retaliation due to the country's reliance on AI chips from Nvidia and other US manufacturers. (FT)

Guardrails designed to prevent AI chatbots from delving into dangerous conversation topics can by bypassed through 'jailbreak prompts'. (Bloomberg)

Amazon is entering the generative AI race. AWS is lunching the Bedrock service for generative artificial intelligence in limited preview. Through Bedrock, clients can use language models from Amazon and startups AI21 and Anthropic, as well as Stability AI's model for turning text into images. (CNBC)