AI Safety for Smart Contracts Is AI Safety for the World

Second, there’s authentication of inputs to LLMs, which means ensuring that inputs are trustworthy for a given purpose. For example, to decide whether to refund ticket purchases, Alice’s smart contract might accept from users not raw natural-language requests, but only pointers to trustworthy weather- and airline-information websites, whose data are interpreted by the underlying LLM. … Read more

Patched Cosmos Bug Could’ve Put $150M At Risk, Says Firm That Reported It

“While this vulnerability has existed in ibc-go since the beginning, it only became exploitable due to recent developments in the Cosmos SDK ecosystem,” Asymmetric said in a blog post published Tuesday. The vulnerability was unlocked with the advent of “IBC middleware” – third-party applications built using CosmWasm, a WebAssembly-based smart contract runtime, that allows tokens … Read more

Galaxy, Lightspeed Faction Lead $15M Raise for Turnkey, Crypto Wallet Startup From Former Coinbase Employees

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a … Read more

Crypto.com Postpones South Korea Launch Following Reports of Money Laundering Probe

“Crypto.com maintains the highest Anti-money Laundering (AML) standards in the industry. We will postpone our launch and take this opportunity to make sure Korean regulators understand our thorough policies, procedures, systems and controls, which have been reviewed and approved by major jurisdictions around the world,” the exchange said in a statement shared with CoinDesk. #Crypto.com … Read more

Ripple Says $10M Penalty Enough, Rejects SEC’s Ask of $1.95B Fine in Final Judgment

The SEC’s proposal asked the court to order Ripple Labs to pay $876 million in disgorgement, $198 million in prejudgment interest, and a $876 million civil penalty, amounting to a total of $1.95 billion. The court had found Ripple violated federal securities laws by making institutional sales of XRP but dismissed similar allegations by the … Read more

Stacks Begins 2-Step Rollout of Major ‘Nakamoto’ Overhaul

Called Nakamoto, honoring Bitcoin’s pseudonymous creator, the upgrade will decouple the Stacks block production schedule from Bitcoin’s. Although the layer-2 network has a higher transaction throughput than Bitcoin (which processes about 7 transactions per second), as initially designed, Stacks produced blocks at the same rate as Bitcoin, leading to congestion issues, network creator Muneeb Ali … Read more

How the Bitcoin Halving Will Drive Action to Layer 2s

The launch of Runes, a new protocol that enables the creation of meme coins on Bitcoin, coincided with the halving. Already hundreds of tokens have launched, contributing over $80 million in fees to bitcoin miners. This increased trading activity has also driven up the costs associated with sending a transaction on Bitcoin, with the current … Read more