Major U.S. crypto lender Celsius Network has filed for bankruptcy
It’s a bad day for crypto investors as U.S. crypto lender, Celsius Network, files for bankruptcy.
The group becomes the latest victim in the sector to fall under a dramatic plunge in prices.
Its listed assets and liabilities on a consolidated basis between USD$1-10 billion.
It follows another lender, Voyager Digital filing for bankruptcy last week after it suspended withdrawals and deposits.
The pandemic brought about a string of crypto lending.. but have tumbled in recent months following the collapse of Terra USD in May, and a crash of some of the other majors.
It’s understood Celsius has $167 million in cash, which will provide liquid to support operations during the restructure.
ChatGPT creator releases tool to detect A.I. generated text
OpenAI has released a software tool that can identify if text has been generated by artificial intelligence
The company behind the popular chatbot ChatGPT says it has trained a language model to distinguish between something written by a human, and A.I.
‘AI Classifier’ uses a variety of providers to address issues such as automated misinformation campaigns and academic dishonesty.
The detection tool is very unreliable on texts under one thousand characters, and AI-written text can be edited to trick the classifier.
Many schools across the world have already banned ChatGPT from being used for projects.
Elon Musk asks court to throw case out
Twitter CEO Elon Musk has asked a judge in the U.S. to throw out a case against him
The suit claims Musk’s delayed disclosure over his large stake in the social media giant defrauded shareholders, who sold out at artificially lower prices.
Musk says investors in the proposed class action have no independent right to obtain damages.
The CEO believes he properly disclosed his stakes in Tesla and the former SolarCity Corp on several occasions, as per requirements.
Eurostar trains empty with Brexit leading to border delays
Eurostar boss says peak trains are empty because of post-Brexit passport delays
You can perhaps understand why British residents are becoming increasingly frustrated by Brexit.
During peak hour in London, Eurostar trains are running across the Channel with hundreds of empty places.
Around 350 of 900 seats are normally left unsold on the first services between London, Paris and Brussels despite “huge demand”.
It’s all because border police can’t process passports quickly enough.
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