Hey Waivly Crew! 🌊 On Tuesday, Coinbase launched a crypto derivatives exchange in Bermuda. Samsung has banned employees from using generative AI tools like ChatGPT. 🎉 Get 75% Off Waivly+ By Joining Today | Offer Ends May 31st 🎉 Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you access to Waivly Jobs, Waivly Learn posts, exclusive Web3, NFT, crypto, and tech content, insights, news, and more, all blended into one super low-cost and quick to join membership 🙌 Click here to get onboard and to become a Waivly+ Crew member! Coinbase launches international exchange
On Tuesday, Coinbase announced the launch of the Coinbase International Exchange (CIE), a new institutional platform designed for crypto derivatives trading. The CIE will initially offer Bitcoin (BTC) and Ether (ETH) perpetual futures. All trading on the CIE will be settled in Coinbase-backed stablecoin USD Coin (USDC). In its blog post, Coinbase shared that direct access trading on CIE is available to institutional clients via application programming interface in eligible, non-U.S. jurisdictions. “These products are not available to retail customers at this time,” Coinbase added. The CIE will have several security features, including real-time 24/7 risk management, dynamic margin requirements, and rigorous compliance standards. Coinbase assured that it's committed to the U.S., but noted that countries worldwide are increasingly moving forward with responsible, crypto-forward regulatory frameworks as they attempt to position themselves as crypto hubs. “We would like to see the U.S. take a similar approach instead of regulation by enforcement, which has led to a disappointing trend for crypto development in the U.S.,” Coinbase said. “The Coinbase International Exchange is an expansion, bringing the safest, most trusted name in crypto to the global market.” Similarly, another crypto exchange, Gemini, on Tuesday launched a non-U.S. derivatives platform to serve 30 countries and territories. The Waves⚠️ Level Finance suffers a $1 million exploit 👀 Twitter plans to introduce a video tab 💰 Bhutan plans $500 million crypto mining fund 🤖 Crypto.com launches ChatGPT-based AI user assistant Amy Discover more Waves in the Waivly Discord. Click here to get onboard! 🌊 Tech SpecialSamsung bans staff from using generative AI tools
Samsung has banned the use of ChatGPT and other generative AI tools by its employees, Bloomberg reported Tuesday. In an internal memo viewed by Bloomberg, the company expressed concerns that uploading sensitive data to external servers operated by AI providers risks exposing it publicly. The new policy comes after Samsung discovered that some of its staff “leaked internal source code by uploading it to ChatGPT,” according to Bloomberg. Staff are now banned from using generative AI tools on Samsung-owned computers, tablets, and phones, as well as on its internal networks. "We ask that you diligently adhere to our security guidelines, and failure to do so may result in a breach or compromise of company information resulting in disciplinary action up to and including termination of employment," Samsung wrote in the memo. In the meantime, the company is developing its own in-house AI tools for “software development and translation,” according to the report. “HQ is reviewing security measures to create a secure environment for safely using generative AI to enhance employees’ productivity and efficiency,” the memo explained. “However, until these measures are prepared, we are temporarily restricting the use of generative AI. White House pushes for 30% tax on crypto mining
U.S. President Joe Biden's administration wants to impose a 30% tax on crypto mining operations, and it has included the proposal in its budget for the fiscal year of 2024. The White House’s Council of Economic Advisers (CEA) outlined details of the Digital Asset Mining Energy (DAME) tax in a Monday blog post, which highlighted proposals first laid out in March. “Currently, crypto mining firms do not have to pay for the full cost they impose on others, in the form of local environmental pollution, higher energy prices, and the impacts of increased greenhouse gas emissions on the climate,” according to the CEA’s description of the levy. While the tax would not impact other energy-intensive industries, the CEA argues that “crypto mining does not generate the local and national economic benefits typically associated with businesses using similar amounts of electricity.” If the proposal ever becomes a law, the government would impose the excise tax in phases. It would start by adding a 10% tax on miners' electricity use in the first year, 20% in the second, and 30% from the third year onwards. Over ten years, it would generate an estimated $3.5 billion in revenue, the post estimated. Get smarter every day with Refind
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🚫 Samsung bans staff from using ChatGPT
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