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Decrypt AI, Edited by Stacy Elliot

Decrypt AI, Edited by Stacy Elliot

Stacy wrote for TheStreet Crypto after spending three years as a data analyst and product manager on the Goldman Sachs technology risk team. Prior to joining Goldman, Stacy led the data reporting team at Fortune. Before joining Fortune, she worked as a data reporter at Bankrate and the Star-Ledger. Disclosure: She owns less than 1 BTC and less than 2 ETH.

Stories by Decrypt AI, Edited by Stacy Elliot

  • Grok Meme Coin Makes Millions Using Same Name as Elon Musk's AI Chatbot

    A Grok token—not THE token, since it's not officially attached to Elon Musk's recently launched AI service—hit a $160 million market capitalization just eight days after its debut. But as an 8-day-old meme coin that's not actually issued by the AI chatbot that it shares a name with, it's experiencing a lot of volatility. While this story was being written, the GROK token's market capitalization dropped as low as $78 million according to DexTools. Its value has soared by 13,000% over the past wee...

    NewsCoins
    3 min read
    Decrypt AI, Edited by Stacy Elliot
  • OneCoin. Image: Shutterstock

    OneCoin Legal Chief Pleads Guilty to Role in Cryptoqueen's $4 Billion Fraud

    Irina Dilkinska, the former head of legal and compliance at cryptocurrency OneCoin, pled guilty on Thursday to wire fraud and money laundering charges related to the multi-billion dollar pyramid scheme. Dilkinska admitted in Manhattan federal court to helping launder $110 million in illicit profits generated through OneCoin's global multi-level marketing network. Despite her role overseeing legal and compliance, Dilkinska assisted in running day-to-day operations and failed to ensure the company...

    NewsLaw and Order
    3 min read
    Decrypt AI, Edited by Stacy Elliot

  • Two Republicans Want to Protect Your Ability to Self-Custody Crypto

    Sen. Ted Budd (R-NC) has introduced his Keep Your Coins Act in the Senate, a bill designed to ensure individuals' rights to self-custody their crypto assets without mandatory reliance on intermediaries. This legislation comes at a critical juncture for the cryptocurrency industry, particularly in the aftermath of last year's FTX exchange collapse. Since the crypto exchange filed for bankruptcy in November 2022, there's been increased attention from the industry on the importance of self-sovereig...

    NewsBusiness
    3 min read
    Decrypt AI, Edited by Stacy Elliot

  • Argentina Presidential Hopeful Wants to Mine Bitcoin From 'Dead Cow'

    A proposal by Argentine presidential candidate Sergio Massa to use excess natural gas from the Vaca Muerta oil fields to mine Bitcoin has generated controversy in the country's cryptocurrency community. Vaca Muerta, which translates to "dead cow," got its name in the 19th century when fossilized remains of megafauna—think giant ground sloths and glyptodonts—were found in the Vaca Muerta formation. The abundance of these fossils led early geologists to nickname the area "Vaca Muerta" or Dead Cow....

    NewsCoins
    3 min read
    Decrypt AI, Edited by Stacy Elliot

  • SafeMoon Founders Arrested as DOJ Unseals Indictment, SEC Files Charges

    The U.S. Department of Justice unsealed an indictment charging SafeMoon executives Braden John Karony, Kyle Nagy, and Thomas Smith with conspiracy to commit securities fraud, conspiracy to commit wire fraud and money laundering. Prosecutors said Karony was arrested in Provo, Utah, and Smith was arrested in Bethlehem, New Hampshire, and Nagy remains at large. The news comes the same day that the Securities and Exchange Commission filed civil charges against SafeMoon and its executives for a "mass...

    NewsCoins
    3 min read
    Decrypt AI, Edited by Stacy Elliot

  • Bitcoin Could Hit $150,000 by 2025, Says Formerly Bearish Wall Street Firm

    Bitcoin's price could surge to $150,000 by 2025, according to a new prediction by investment research firm Bernstein. In a note to clients on Tuesday, Bernstein analyst Gautam Chhugani cited optimism around the potential approval of a Bitcoin exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC) in the next two years. Bitcoin ETF Could Be Approved in Time for Christmas, Says JP Morgan According to a report from CNBC, Chhugani wrote in the note that he believes the SEC will l...

    NewsCoins
    2 min read
    Decrypt AI, Edited by Stacy Elliot

  • Doctor Pleads Guilty to Using Bitcoin to Hire a Hitman in Murder Plot

    Dr. James Wan, a Georgia-based physician, entered a guilty plea for using Bitcoin to organize a murder-for-hire plot via the dark web. The sinister plot, which he thought was veiled by the pseudonymous nature of Bitcoin, involved hiring a hitman to make it look like his girlfriend had died in a carjacking gone wrong. Wan is now awaiting sentencing before a federal court in January 2024. According to the U.S. Department of Justice, the doctor (no, not the acclaimed director known for the "Saw" fr...

    NewsLaw and Order
    3 min read
    Decrypt AI, Edited by Stacy Elliot

  • AI Just Deciphered an Ancient Herculaneum Scroll Without Unrolling It

    A 21-year-old University of Nebraska-Lincoln student has used AI to decipher ancient Greek letters inside a sealed scroll from Herculaneum, Italy, according to a report in Nature. The breakthrough offers hope for reading hundreds more scrolls buried during the 79 AD eruption of Mount Vesuvius. Luke Farritor developed a machine learning algorithm that detected subtle texture differences between inked and blank areas of the rolled papyrus. His neural network highlighted over 10 Greek characters, i...

    NewsArtificial Intelligence
    2 min read
    Decrypt AI, Edited by Stacy Elliot

  • Meta Is Building AI Data Centers to Power ChatGPT Competitor: WSJ

    Meta, the company behind industry behemoths Facebook and Instagram, is making strides in the artificial intelligence sector with plans to develop an AI system that rivals the capabilities of OpenAI's ChatGPT. This ambitious venture forms part of CEO Mark Zuckerberg's strategy to establish Meta as a dominant player in the burgeoning AI industry, people familiar with the matter told The Wall Street Journal on Monday. GPT-4 Launch Sends AI Tokens Soaring—Is It More Than a Meme? The forthcoming AI m...

    NewsArtificial Intelligence
    3 min read
    Decrypt AI, Edited by Stacy Elliot
  • The SEC is the United States primary financial regulator. Image: Shutterstock.

    SEC Fines LA Company $6 Million Over NFTs Sold as Securities

    Los Angeles-based media company Impact Theory has paid a $6 million settlement after the Securities and Exchange Commission (SEC) alleged its NFTs were unregistered securities, according to a press release. The company has also been ordered to destroy all the Founder's Key NFTs as a result of the settlement. As of midday on Monday, Founder's Key collection was still live on Opensea. As of this writing, the NFTs have a floor price of 0.039 Ethereum, or approximately $64. Since the collection laun...

    NewsBusiness
    3 min read
    Decrypt AI, Edited by Stacy Elliot

  • AI Startup Hugging Face Hits $4.5 Billion Valuation After Google and Nvidia Backed Raise

    In a significant endorsement of the surging interest in artificial intelligence (AI) and platforms that foster its growth, AI startup Hugging Face has raised a whopping $235 million in its Series D funding round. The news, initially brought to light by The Information and subsequently confirmed by Salesforce CEO Marc Benioff on Twitter, has the tech industry buzzing. With participation from tech behemoths such as Google, Amazon, Nvidia, Intel, and many others, Hugging Face’s latest funding round...

    NewsArtificial Intelligence
    3 min read
    Decrypt AI, Edited by Stacy Elliot