Fr. Apr 12th, 2024

• Elon Musk has founded a new AI corporation, X.AI
• A Silk Road attacker was sentenced to one year in prison for stealing $3.4B worth of Bitcoin
• Fracton Protocol surpassed $3 billion in trading volume on KuCoin

Elon Musk’s New Corporation

Elon Musk is developing artificial intelligence (AI) and has founded a new corporation called X.AI. This venture will focus on creating AI-driven products and services that can help people automate mundane tasks or activities.

Sentence for Bitcoin Theft

A Silk Road attacker received a one year sentence for their role in the theft of $3.4B worth of bitcoin from the dark web marketplace. This is an example of the legal ramifications associated with digital currency theft and shows that perpetrators are being held accountable for their actions.

Fracton Protocol Surpasses $3 Billion in Trading Volume

Leading NFT fractionalization infrastructure Fracton Protocol recently surpassed $3 billion in trading volume on KuCoin, enabling investors with transparency and accessibility through hiNFTs (high-value Non-Fungible Tokens). By fractionalizing NFTs, Fracton Protocol allows users to trade and invest in smaller portions of high-value NFTs while providing security through on-chain transactions.

Proposed Changes to “Exchange” Definition

In addition to these stories, the U.S Securities and Exchange Commission (SEC) reopened comments on proposed changes to its “exchange” definition which could have major implications for cryptocurrency exchanges going forward if implemented.

Chia Network Submits Proposed IPO Registration to SEC

Finally, Chia Network submitted its proposed IPO registration to the SEC causing the price of its native token XCH to jump 8%. The company hopes this registration will enable it to launch an initial public offering later this year, allowing anyone who purchases its shares access to benefits such as dividends or voting rights within Chia Network’s governance system.

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