Top Stories This Week
FTX EU launches withdrawal website to pay back European users
Tesla CEO Elon Musk and Apple co-founder Steve Wozniak were signatories on an open letter signed by more than 2,600 tech industry leaders and researchers calling for a temporary halt on any further artificial intelligence (AI) development. The petition shared concerns that AI with human-competitive intelligence can pose serious hazards to society and mankind. It urged all AI firms to “immediately cease” developing AI systems that are more potent than GPT-4 for at least six months. Although supported by many, the petition has divided the larger tech community over the halt of developments.
Binance and CZ sued by CFTC over US regulatory violations
A lawsuit has been filed by the U.S. Commodity Futures Trading Commission against Binance and its CEO, Changpeng “CZ” Zhao. Claims against the crypto exchange include failing to register with regulators, noncompliant trading, obscuring the location of its executive offices, and performing transactions for persons in the United States since 2019, despite a policy of blocking or restricting customers in the country. Binance’s CEO has rejected the allegations, arguing that the crypto exchange “does not trade for profit or ‘manipulate’ the market under any circumstances,” but primarily to cover expenses in fiat or other cryptocurrencies using its crypto revenue.
Read also
Features
Guide to real-life crypto OGs you’d meet at a party (Part 2)
Features
How to prevent AI from ‘annihilating humanity’ using blockchain
US and South Korea requested extradition of Terra co-founder Do Kwon
Authorities from both the United States and South Korea have made efforts to have Terra co-founder Do Kwon extradited following his arrest in Montenegro. According to Montenegrin Justice Minister Marko Kovač, decisions regarding Kwon’s custody will go to Montenegro’s high court and will rely on a number of factors, including the severity, location and time of his alleged criminal offenses. During his custody in Montenegro, Kwon may face harsh conditions in the country’s penal system since jail conditions haven’t changed from those described in a 2020 human rights report by the U.S. State Department.
‘Withdrawals are coming!’ — Ethereum devs confirm epoch for Shapella fork
Ethereum core developers shared more details on the highly anticipated Shapella hard fork, which will allow validators to withdraw staked Ether from Beacon Chain. Shapella will take effect at epoch 194,048, which is scheduled for 10:27 pm UTC on April 12. Withdrawals will be enabled by Ethereum Improvement Proposal (EIP) 4895 by “pushing” staked Ether from the Beacon Chain to the execution layer. There are 17.81 million Ether staked on the Beacon Chain, with several mechanisms set to ensure a flood of Ether doesn’t disrupt the market.
![](https://cointelegraph.com/magazine/wp-content/uploads/2023/04/Mike-Novogratz-2-1024x682.png)
Winners and Losers
![](https://cointelegraph.com/magazine/wp-content/uploads/2023/04/WL-apr-1-01-1024x826.jpg)
At the end of the week, Bitcoin (BTC) is at $28,358, Ether (ETH) at $1,821 and XRP at $0.53. The total market cap is at $1.18 trillion, according to CoinMarketCap.
Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are XRP (XRP) at 25.40%, Stellar (XLM) at 25.12%, and Conflux (CFX) at 22.77%.
The top three altcoin losers of the week are SingularityNET (AGIX) at -12.85%, Stacks (STX) at -10.19%, and Mina (MINA) at -7.20%.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
Read also
Features
Reformed ‘altcoin slayer’ Eric Wall on shitposting and scaling Ethereum
Features
Crypto, Meet Fiat. You Two Should Get A Coffee Sometime
Most Memorable Quotations
“When I think about AI, it shocks me that we’re talking so much about crypto regulation and nothing about AI regulation. I mean, I think the government’s got it completely upside-down.”
Mike Novogratz, CEO of Galaxy Digital
“I believe that NFTs can contribute to preserving Indonesia’s cultural heritage while enhancing virtual tourism.”
Muhammad Neil El Himam, deputy chairman at the Ministry of Tourism and Creative Economy of Indonesia
“Advanced AI could represent a profound change in the history of life on Earth, and should be planned for and managed with commensurate care and resources.”
Future of Life Institute
“As recent global financial events continue to unfold, many may also re-evaluate their dependence on traditional financial institutions […] and turn to alternative assets such as Bitcoin.”
Lasanka Perera, CEO of Independent Reserve Singapore
“[DeFi] KYC is about transparency and accountability. I don’t think it’s an issue for a majority of people. I’m sure 99% of people don’t have things to hide.”
Dyma Budorin, CEO of Hacken
“Don’t ever let fear stop progress, and be wary of anyone trying to capture control in some central authority.”
Brian Armstrong, CEO of Coinbase
Prediction of the Week
Bitcoin price hits $28.5K on PCE data as macro ‘accumulation zone’ ends
Bitcoin recovered recent losses following encouraging macroeconomic data from the United States, with the February Personal Consumption Expenditures (PCE) Index modestly beating expectations in some areas — a sign of progress against inflation.
Moving to higher timeframes, optimism was no less in evidence among traders. Caleb Franzen, senior market analyst at Cubic Analytics, wrote on Twitter:
“Bitcoin’s 24-month Williams%R Oscillator is set to close above the ‘oversold’ threshold for March, which has marked an end to prior bear markets. Bullish long-term probabilities are improving, so long as we stay above the lower-bound.”
FUD of the Week
![](https://cointelegraph.com/magazine/wp-content/uploads/2023/04/Future-of-Life-Institute-1024x682.png)
Italy blocks ChatGPT, investigates suspected violations
Italy’s watchdog in charge of protecting data has announced that it’s temporarily blocking the artificial intelligence chatbot ChatGPT and is opening an investigation over suspected breaches of data privacy rules, including a recent data breach that the AI platform suffered on March 20. The Italian agency highlighted several issues for the decision, such as the lack of information for users on OpenAI data collection and the absence of an age verification feature within the application to avoid minors. The agency further noted that the information provided by the AI chatbot is not always accurate and that inaccurate handling of personal data may occur.
Mysterious entity may be collecting BTC users’ IP addresses — Bitcoin developer
Jake Paul-endorsed SafeMoon gets hacked after introducing a bug in upgrade
SafeMoon, a project previously endorsed by celebrities and social influencers, such as Jake Paul and Soulja Boy, announced its liquidity pool (LP) had been compromised. Blockchain investigator PeckShield narrowed the problem to a recent public burn function introduced in the latest upgrade that allegedly allows users to burn tokens from other addresses. The attacker used the vulnerability to remove SafeMoon tokens, causing an artificial spike in the token’s price.
Best Cointelegraph Features
![](https://cointelegraph.com/magazine/wp-content/uploads/2023/04/Brian-Armstrong-1024x682.png)
Web3 Gamer: Shrapnel wows at GDC, Undead Blocks hot take, Second Trip
Could the tide finally be turning as more Web2 gaming companies start to dabble in Web3?
Crypto Wendy on trashing the SEC, sexism, and how underdogs can win: Hall of Flame
The secret of pitching to male VCs: Female crypto founders blast off
There are plenty of structural issues holding back female founders in the male-dominated tech industry, but there are also benefits to being a woman in the space.
Subscribe
The most engaging reads in blockchain. Delivered once a
week.
![Subscribe to Magazine by Cointelegraph Newsletter.](https://cointelegraph.com/magazine/wp-content/uploads/2022/10/reading-copy.png)