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Crypto News Roundup: Crypto Hacks Decline by 70% in Q1 2023, Binance CSO Dismisses Reuters’ Article as ‘Weak’ and Conspiracy Theories, Solana Implements AI with ChatGPT Plugin

This figure marks a significant 70% decline compared to the same period in 2022. In fact, the amount stolen in Q1 2023 was lower than any quarter in the previous year. Interestingly, the decrease in value was much more substantial than the decline in crypto prices observed during the same period. Notably, victims of hacking incidents in Q1 2023 have managed to recover over 50% of the stolen funds thus far.

Crypto News Roundup: Crypto Hacks Decline by 70% in Q1 2023, Binance CSO Dismisses Reuters’ Article as ‘Weak’ and Conspiracy Theories, Solana Implements AI with ChatGPT Plugin

Binance strongly refuted the claims made in a Reuters article that suggested the exchange mixed customer funds with revenue during 2020 and 2021.

Chief Strategy Officer Patrick Hillmann criticized the article, stating that it was based on weak grounds.

Hillmann further criticized the author, accusing them of presenting baseless conspiracy theories without any substantial evidence, aside from an anonymous “former insider.”

Coinbase has responded to the US Securities and Exchange Commission (SEC) regarding the filing of a writ of mandamus.

In their response, Coinbase argues that the SEC does not dispute the appropriateness of mandamus if the agency has already decided not to engage in the requested rulemaking outlined in Coinbase’s petition. Coinbase asserts that this undermines the SEC’s arguments against mandamus in this case.

The company further requests that the Court issue a writ of mandamus, instructing the SEC to respond to Coinbase’s rulemaking petition within a 7-day timeframe.

Chief Legal Officer Paul Agrawal commented on Twitter that mandamus is a fitting remedy for the exceptional circumstances presented in the case.

Crypto Blockchain News: Stay Updated on the Latest Developments

Solana Foundation, the non-profit organization backing the Solana (SOL) network, has made a significant announcement. Solana has become the first Layer 1 blockchain to incorporate artificial intelligence (AI) through the integration of a ChatGPT plugin developed by Solana Labs. Interested users can download the ChatGPT plugin from Github.

Additionally, the foundation revealed plans for an AI accelerator program designed for university students and a strategic grant program aimed at promoting the adoption and integration of AI

technology on the Solana network.

Crypto News Roundup: Crypto Hacks Decline by 70% in Q1 2023, Binance CSO Dismisses Reuters’ Article

as ‘Weak’ and Conspiracy Theories, Solana Implements AI with ChatGPT Plugin

Nanjing, the capital city of China’s Jiangsu province, has unveiled the China Metaverse Technology and

Application Innovation Platform, which is spearheaded by Nanjing University of Information Science and Technology (NUIST).

The platform aims to synergize the resources of Chinese academic institutions and enterprises and enhance research in metaverse-related domains. The founding members consist of diverse academic institutions and companies associated with the metaverse. The initiative seeks to drive advancements and innovation in the metaverse sector within China.

Regulation Update: Stay Informed about the Latest Developments

Aisha Ghaus Pasha, the Minister of State and Finance in Pakistan, has reportedly directed the central State

Bank of Pakistan and the Information Technology Ministry to initiate efforts towards implementing a

cryptocurrency ban in the country, as per local reports.

The Minister stated that cryptocurrency will not be legalized in Pakistan, citing the condition imposed by

the Financial Action Task Force (FATF) to prevent

Pakistan from being placed on the “gray list” for anti-money laundering and counter-terrorist financing

regulations. However, FATF clarified that it does not require countries to indiscriminately ban virtual assets

and virtual asset service providers, as mentioned in a statement provided to CoinDesk.

Crypto News Roundup: Crypto Hacks Decline by 70% in Q1 2023, Binance CSO Dismisses Reuters’ Article

as ‘Weak’ and Conspiracy Theories, Solana Implements AI with ChatGPT Plugin

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