Top Stories This Week<\/strong><\/h2>\nElon Musk threatens Microsoft with lawsuit, claims AI trained on Twitter data<\/strong><\/strong><\/h3>\nMicrosoft has been threatened<\/a> with a lawsuit from Twitter CEO Elon Musk, who claimed the Big Tech firm \u201cillegally\u201d trained its artificial intelligence on Twitter data. The entrepreneur suggested that Microsoft mined user tweets to train its AI-powered applications. Musk tweeted that it was \u201clawsuit time\u201d after reports that Microsoft would cease supporting Twitter across its online social advertising tools. Musk and Microsoft are believed to be at odds over artificial intelligence. The tech billionaire is developing a ChatGPT rival known as \u201cTruthGPT\u201d. Microsoft owns a 49% stake in OpenAI, the company behind ChatGPT.<\/p>\nRep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach<\/strong><\/h3>\nU.S. Representative Warren Davidson announced plans to introduce legislation to fire Securities and Exchange Commission Chair Gary Gensler<\/a>. According to the lawmaker, the upcoming bill is meant to \u201ccorrect a long series of abuses.\u201d Davidson disclosed the plan after the SEC\u2019s latest attempt to revisit the definition of \u201cexchange.\u201d The week wasn\u2019t the best for Gensler. During an oversight hearing, Gensler was heavily criticized for his approach<\/a> on crypto assets.<\/p>\nAustralia installs more Bitcoin ATMs than whole of Asia<\/strong><\/h3>\nAustralia surpassed the continent of Asia<\/a> in terms of the total number of crypto ATMs installed. Since the beginning of 2023, the country has been on a crypto ATM installation spree, climbing from fifth to third position in the rank in January alone. Data from Coin ATM Radar confirms that Australia has kept up the effort to install avenues for fiat-to-crypto conversions, reaching 364 crypto ATMs across the country, behind the United States and Canada.<\/p>\n\nRead also<\/p>\n
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\n Features<\/span><\/p>\nZooko\u2019s Triangle: The Human-Readable Paradox at the Heart of Crypto Adoption<\/p>\n
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\n Features<\/span><\/p>\nBlockchain Startups Think Justice Can Be Decentralized, but the Jury Is Still Out<\/p>\n
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Societe Generale subsidiary launches euro-pegged stablecoin on Ethereu<\/strong>m<\/strong><\/h3>\nSociete Generale-Forge, a regulated subsidiary of French banking firm Societe Generale, has launched a euro-pegged stablecoin<\/a> for qualified institutional clients. Dubbed EUR CoinVertible, the stablecoin was designed in response to the growing demand for a new settlement asset for on-chain transactions, said Societe Generale-Forge. The stablecoin will offer new solutions for corporate treasury; cash management and cash pooling; on-chain liquidity funding and refinancing solutions.<\/p>\nIntel will stop manufacturing chips for Bitcoin miners<\/strong><\/strong><\/strong><\/strong><\/strong><\/h3>\nIntel has reportedly announced plans to discontinue its line of Blockscale Bitcoin mining chips<\/a> in an effort to reduce costs. The decision comes nearly one year after the company announced the hardware line. The chip-manufacturing company will stop taking orders for the Blockscale 1000 Series ASICs by October and is estimated to end shipping in April 2024. Mining firms Argo Blockchain, Block, Hive Blockchain Technologies and Griid Infrastructure were among the first companies to integrate the technology into their operations.<\/p>\n![\"\"](\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/04\/Sam-Altman-1024x682.png\")
<\/figure>\nWinners and Losers<\/strong><\/h2>\n![\"\"](\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/04\/WL-apr-22-01-1024x826.jpg\")
<\/figure>\nAt the end of the week, Bitcoin (<\/strong>BTC<\/strong><\/a>)<\/strong> is at $27,331<\/strong>, Ether (<\/strong>ETH<\/strong><\/a>)<\/strong> at $1,845<\/strong> and XRP<\/strong><\/a> at $0.44<\/strong>. The total market cap is at $1.15<\/strong> trillion, according<\/a> to CoinMarketCap.<\/p>\nAmong the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Casper (CSPR)<\/strong> at 3.51%, OKB (OKB)<\/strong> at 3.33% and UNUS SED LEO (LEO)<\/strong> at 2.06%.\u00a0\u00a0\u00a0<\/p>\nThe top three altcoin losers of the week are SingularityNET (AGIX) <\/strong>at -23.73%, Immutable (IMX) <\/strong>at -23.28% and Stacks (STX) <\/strong>at -22.94%.<\/p>\nFor more info on crypto prices, make sure to read Cointelegraph\u2019s market analysis<\/a>.<\/p>\n\nRead also<\/p>\n
\n\n
\n Features<\/span><\/p>\nCrypto winter can take a toll on hodlers\u2019 mental health<\/p>\n
<\/a>\n <\/div>\n
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\n Features<\/span><\/p>\nStorming the \u2018last bastion\u2019: Angst and anger as NFTs claim high-culture status<\/p>\n
<\/a>\n <\/div>\n<\/div>\n<\/div>\n
Most Memorable Quotations<\/strong>
<\/h2>\n\n\u201cCrypto is not a new financial product, but an evolution or fundamental change in the way individuals and organizations exchange value.\u201d<\/p>\n<\/blockquote>\n
Gabby Kusz<\/strong><\/a>, CEO of the Global Digital Asset & Cryptocurrency Association<\/strong><\/p>\n\n\u201cWhen I am asked to consult or advise for [stablecoin] projects [\u2026], my first advice has now become to avoid US operations and a US domicile. The jobs are going elsewhere.\u201d<\/p>\n<\/blockquote>\n
Austin Campbell<\/strong><\/a>, adjunct professor at the Columbia Business School<\/strong><\/p>\n\n\u201cI think we\u2019re at the end of the era where it\u2019s going to be these, like, giant, giant models. We\u2019ll make them better in other ways.\u201d<\/p>\n<\/blockquote>\n
Sam Altman<\/strong><\/a>, CEO of OpenAI<\/strong><\/p>\n\n\u201cI\u2019m going to start something which I call TruthGPT, or a maximum truth-seeking AI that tries to understand the nature of the universe.\u201d<\/p>\n<\/blockquote>\n
Elon Musk<\/strong><\/a>, tech entrepreneur<\/strong><\/p>\n\n\u201cI think we\u2019re going to have to actually end up going to court [against the SEC] to get the clarity we need and create the case law.\u201d<\/p>\n<\/blockquote>\n
Brian Armstrong<\/strong><\/a>, CEO of Coinbase<\/strong><\/p>\n\n\u201cTo correct a long series of abuses, I am introducing legislation that removes the Chairman of the Securities and Exchange Commission and replaces the role with an Executive Director that reports to the Board (where authority resides).\u201d<\/p>\n<\/blockquote>\n
Warren Davidson<\/strong><\/a>, United States representative<\/strong><\/strong><\/p>\nPrediction of the Week\u00a0<\/strong><\/h2>\nBitcoin pulls back from recent highs and loses support<\/strong><\/h3>\nBitcoin and a number of altcoins have fallen below their respective support levels<\/a>, in a worrying sign that the bulls could be losing their grip. On April 21, Bitcoin and most major cryptocurrencies pulled back from their recent local highs, signaling profit-booking by traders.<\/p>\nBollinger Bands creator John Bollinger said in a recent tweet that Bitcoin had turned down from the upper Bollinger Band and reached the middle bank, near its breakout level. He said it was a \u201clogical place\u201d and advised traders to \u201cpay attention.\u201d<\/p>\n
The BTC\/USDT pair may next slip to $26,500 and, thereafter, to the neckline of the inverse head-and-shoulders pattern at $25,250. If the price rebounds off $25,250, it will indicate that the neckline is acting as a higher floor, according<\/a> to Cointelegraph\u2019s price analysis.<\/p>\nFUD of the Week\u00a0<\/strong><\/h2>\n![\"\"](\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/04\/Warren-Davidson-1024x682.png\")
<\/figure>\n<\/h3>\n<\/strong><\/strong>MetaMask denies claims of wallet exploit in \u2018massive\u2019 $10M hack<\/strong><\/h3>\nMetaMask has denied claims that an exploit of its wallet is the cause<\/a> of a \u201cmassive wallet draining operation\u201d that claimed over $10.5 million in NFTs and coins since December 2022, including 5,000 Ether. According to MetaMask, the digital assets were stolen \u201cfrom various addresses across 11 blockchains.\u201d How the attack occurred is unclear<\/a>. Experts speculate that there had been \u201csome sort of private key or seed phrase leak.\u201d<\/p>\nTornado Cash dev Alex Pertsev set to be released from prison under surveillance<\/strong><\/strong><\/h3>\nAfter nearly nine months in prison<\/a>, Tornado Cash developer Alex Pertsev will be released from jail. Dutch authorities arrested Pertsev in August last year on suspicion of money laundering through the crypto mixing service Tornado Cash. Pertsev should be back home by April 26, which also happens to be his birthday. His suspended release under surveillance means the developer can await trial from home.<\/p>\nSafeMoon hacker agrees to return 80% of stolen funds, says development team<\/strong><\/strong><\/h3>\nThe attacker who drained $8.9 million<\/a> of Binance Coin from SafeMoon has agreed to return 80% of the funds. As per the agreement between the DeFi protocol and the hacker, the remaining 20% will be kept as a bounty. SafeMoon has further agreed not to file any legal actions against them, claiming the decision is in the best interest of SafeMoon and its community. Boosting bug bounties and paying them more diligently could motivate hackers to report bugs instead of exploit them, according to some Web3 developers.<\/p>\nBest Cointelegraph Features<\/strong><\/h2>\n![\"\"](\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/04\/Brian-Armstrong-2-1-1024x682.png\")
<\/figure>\nCrypto regulation: Does SEC Chair Gary Gensler have the final say?<\/strong><\/h3>\nThe chairman of the SEC recently said<\/a> that almost all cryptocurrencies will be regulated as securities. Questions remain whether that\u2019s an accurate statement and if the agency is regulating tokens by enforcement.<\/p>\n<\/strong>Here\u2019s how Ethereum\u2019s ZK-rollups can become interoperable<\/strong><\/h3>\n
Microsoft has been threatened<\/a> with a lawsuit from Twitter CEO Elon Musk, who claimed the Big Tech firm \u201cillegally\u201d trained its artificial intelligence on Twitter data. The entrepreneur suggested that Microsoft mined user tweets to train its AI-powered applications. Musk tweeted that it was \u201clawsuit time\u201d after reports that Microsoft would cease supporting Twitter across its online social advertising tools. Musk and Microsoft are believed to be at odds over artificial intelligence. The tech billionaire is developing a ChatGPT rival known as \u201cTruthGPT\u201d. Microsoft owns a 49% stake in OpenAI, the company behind ChatGPT.<\/p>\n U.S. Representative Warren Davidson announced plans to introduce legislation to fire Securities and Exchange Commission Chair Gary Gensler<\/a>. According to the lawmaker, the upcoming bill is meant to \u201ccorrect a long series of abuses.\u201d Davidson disclosed the plan after the SEC\u2019s latest attempt to revisit the definition of \u201cexchange.\u201d The week wasn\u2019t the best for Gensler. During an oversight hearing, Gensler was heavily criticized for his approach<\/a> on crypto assets.<\/p>\n Australia surpassed the continent of Asia<\/a> in terms of the total number of crypto ATMs installed. Since the beginning of 2023, the country has been on a crypto ATM installation spree, climbing from fifth to third position in the rank in January alone. Data from Coin ATM Radar confirms that Australia has kept up the effort to install avenues for fiat-to-crypto conversions, reaching 364 crypto ATMs across the country, behind the United States and Canada.<\/p>\n Read also<\/p>\n Zooko\u2019s Triangle: The Human-Readable Paradox at the Heart of Crypto Adoption<\/p>\n <\/a>\n <\/div>\n Blockchain Startups Think Justice Can Be Decentralized, but the Jury Is Still Out<\/p>\n <\/a>\n <\/div>\n<\/div>\n<\/div>\n Societe Generale-Forge, a regulated subsidiary of French banking firm Societe Generale, has launched a euro-pegged stablecoin<\/a> for qualified institutional clients. Dubbed EUR CoinVertible, the stablecoin was designed in response to the growing demand for a new settlement asset for on-chain transactions, said Societe Generale-Forge. The stablecoin will offer new solutions for corporate treasury; cash management and cash pooling; on-chain liquidity funding and refinancing solutions.<\/p>\n Intel has reportedly announced plans to discontinue its line of Blockscale Bitcoin mining chips<\/a> in an effort to reduce costs. The decision comes nearly one year after the company announced the hardware line. The chip-manufacturing company will stop taking orders for the Blockscale 1000 Series ASICs by October and is estimated to end shipping in April 2024. Mining firms Argo Blockchain, Block, Hive Blockchain Technologies and Griid Infrastructure were among the first companies to integrate the technology into their operations.<\/p>\n At the end of the week, Bitcoin (<\/strong>BTC<\/strong><\/a>)<\/strong> is at $27,331<\/strong>, Ether (<\/strong>ETH<\/strong><\/a>)<\/strong> at $1,845<\/strong> and XRP<\/strong><\/a> at $0.44<\/strong>. The total market cap is at $1.15<\/strong> trillion, according<\/a> to CoinMarketCap.<\/p>\n Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Casper (CSPR)<\/strong> at 3.51%, OKB (OKB)<\/strong> at 3.33% and UNUS SED LEO (LEO)<\/strong> at 2.06%.\u00a0\u00a0\u00a0<\/p>\n The top three altcoin losers of the week are SingularityNET (AGIX) <\/strong>at -23.73%, Immutable (IMX) <\/strong>at -23.28% and Stacks (STX) <\/strong>at -22.94%.<\/p>\n For more info on crypto prices, make sure to read Cointelegraph\u2019s market analysis<\/a>.<\/p>\n Read also<\/p>\n Crypto winter can take a toll on hodlers\u2019 mental health<\/p>\n <\/a>\n <\/div>\n Storming the \u2018last bastion\u2019: Angst and anger as NFTs claim high-culture status<\/p>\n <\/a>\n <\/div>\n<\/div>\n<\/div>\n \u201cCrypto is not a new financial product, but an evolution or fundamental change in the way individuals and organizations exchange value.\u201d<\/p>\n<\/blockquote>\n Gabby Kusz<\/strong><\/a>, CEO of the Global Digital Asset & Cryptocurrency Association<\/strong><\/p>\n \u201cWhen I am asked to consult or advise for [stablecoin] projects [\u2026], my first advice has now become to avoid US operations and a US domicile. The jobs are going elsewhere.\u201d<\/p>\n<\/blockquote>\n Austin Campbell<\/strong><\/a>, adjunct professor at the Columbia Business School<\/strong><\/p>\n \u201cI think we\u2019re at the end of the era where it\u2019s going to be these, like, giant, giant models. We\u2019ll make them better in other ways.\u201d<\/p>\n<\/blockquote>\n Sam Altman<\/strong><\/a>, CEO of OpenAI<\/strong><\/p>\n \u201cI\u2019m going to start something which I call TruthGPT, or a maximum truth-seeking AI that tries to understand the nature of the universe.\u201d<\/p>\n<\/blockquote>\n Elon Musk<\/strong><\/a>, tech entrepreneur<\/strong><\/p>\n \u201cI think we\u2019re going to have to actually end up going to court [against the SEC] to get the clarity we need and create the case law.\u201d<\/p>\n<\/blockquote>\n Brian Armstrong<\/strong><\/a>, CEO of Coinbase<\/strong><\/p>\n \u201cTo correct a long series of abuses, I am introducing legislation that removes the Chairman of the Securities and Exchange Commission and replaces the role with an Executive Director that reports to the Board (where authority resides).\u201d<\/p>\n<\/blockquote>\n Warren Davidson<\/strong><\/a>, United States representative<\/strong><\/strong><\/p>\n Bitcoin and a number of altcoins have fallen below their respective support levels<\/a>, in a worrying sign that the bulls could be losing their grip. On April 21, Bitcoin and most major cryptocurrencies pulled back from their recent local highs, signaling profit-booking by traders.<\/p>\n Bollinger Bands creator John Bollinger said in a recent tweet that Bitcoin had turned down from the upper Bollinger Band and reached the middle bank, near its breakout level. He said it was a \u201clogical place\u201d and advised traders to \u201cpay attention.\u201d<\/p>\n The BTC\/USDT pair may next slip to $26,500 and, thereafter, to the neckline of the inverse head-and-shoulders pattern at $25,250. If the price rebounds off $25,250, it will indicate that the neckline is acting as a higher floor, according<\/a> to Cointelegraph\u2019s price analysis.<\/p>\n MetaMask has denied claims that an exploit of its wallet is the cause<\/a> of a \u201cmassive wallet draining operation\u201d that claimed over $10.5 million in NFTs and coins since December 2022, including 5,000 Ether. According to MetaMask, the digital assets were stolen \u201cfrom various addresses across 11 blockchains.\u201d How the attack occurred is unclear<\/a>. Experts speculate that there had been \u201csome sort of private key or seed phrase leak.\u201d<\/p>\n After nearly nine months in prison<\/a>, Tornado Cash developer Alex Pertsev will be released from jail. Dutch authorities arrested Pertsev in August last year on suspicion of money laundering through the crypto mixing service Tornado Cash. Pertsev should be back home by April 26, which also happens to be his birthday. His suspended release under surveillance means the developer can await trial from home.<\/p>\n The attacker who drained $8.9 million<\/a> of Binance Coin from SafeMoon has agreed to return 80% of the funds. As per the agreement between the DeFi protocol and the hacker, the remaining 20% will be kept as a bounty. SafeMoon has further agreed not to file any legal actions against them, claiming the decision is in the best interest of SafeMoon and its community. Boosting bug bounties and paying them more diligently could motivate hackers to report bugs instead of exploit them, according to some Web3 developers.<\/p>\n The chairman of the SEC recently said<\/a> that almost all cryptocurrencies will be regulated as securities. Questions remain whether that\u2019s an accurate statement and if the agency is regulating tokens by enforcement.<\/p>\nRep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach<\/strong><\/h3>\n
Australia installs more Bitcoin ATMs than whole of Asia<\/strong><\/h3>\n
\n Features<\/span><\/p>\n
\n Features<\/span><\/p>\nSociete Generale subsidiary launches euro-pegged stablecoin on Ethereu<\/strong>m<\/strong><\/h3>\n
Intel will stop manufacturing chips for Bitcoin miners<\/strong><\/strong><\/strong><\/strong><\/strong><\/h3>\n
<\/figure>\nWinners and Losers<\/strong><\/h2>\n
<\/figure>\n
\n Features<\/span><\/p>\n
\n Features<\/span><\/p>\nMost Memorable Quotations<\/strong>
<\/h2>\n\n
\n
\n
\n
\n
\n
Prediction of the Week\u00a0<\/strong><\/h2>\n
Bitcoin pulls back from recent highs and loses support<\/strong><\/h3>\n
FUD of the Week\u00a0<\/strong><\/h2>\n
<\/figure>\n<\/h3>\n
<\/strong><\/strong>MetaMask denies claims of wallet exploit in \u2018massive\u2019 $10M hack<\/strong><\/h3>\n
Tornado Cash dev Alex Pertsev set to be released from prison under surveillance<\/strong><\/strong><\/h3>\n
SafeMoon hacker agrees to return 80% of stolen funds, says development team<\/strong><\/strong><\/h3>\n
Best Cointelegraph Features<\/strong><\/h2>\n
<\/figure>\nCrypto regulation: Does SEC Chair Gary Gensler have the final say?<\/strong><\/h3>\n
<\/strong>Here\u2019s how Ethereum\u2019s ZK-rollups can become interoperable<\/strong><\/h3>\n
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