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David Pan, the founder of Taiwan's ACE Exchange, has been arrested under suspicion of fraud. His arrest is part of a wider operation that led to the detention of 13 other individuals and the seizure of over $6.4 million in suspected illegal funds. 
Bitkey: A Hardware Wallet with a Distinctive Design
Bitkey, a hardware wallet developed by Jack Dorsey's company, Block, has stirred significant interest within the cryptocurrency community. This interest stems not only from its unique functionalities, like the absence of a seed phrase, but also from its distinctive design. 
Alan R. Rosenberg, an attorney with the American firm Markowitz Ringel Trusty & Hartog, believes the FTX bankruptcy process could extend over several years. The complexity is due to the vast number of creditors involved and the contentious nature of the claims. As an example, FTX's leadership continues efforts to reclaim substantial funds transferred to various entities just before its bankruptcy. Geoffrey Hinton: The Godfather of AI
Geoffrey Hinton, a renowned computer scientist and cognitive psychologist, stands as a pioneering figure in artificial intelligence and a respected authority in the AI domain. As 2023 draws to an end, he emphasizes the need for developers, companies, and governments to adopt improved methods for regulating, advancing, and nurturing artificial intelligence. 
NEAR and XMR: Altcoin Analysis for December 29, 2023
While Bitcoin hovers around $42,400, the market's focus, especially with the approach of New Year's Eve, seems to be shifting from asset movement to holiday preparations. We offer a detailed look at the market situation for the altcoins Near Protocol (NEAR) and Monero (XMR) as of Friday, December 29. 
Singapore Prime Minister Lee Hsien Loong has issued a warning about the spread of deepfake videos where he appears to endorse cryptocurrency investments promising guaranteed returns. He revealed that his deputy has also been targeted by a similar cyber attack. 
Nigerian banks are teaming up with the nation's Central Bank and various blockchain companies to launch a new stablecoin, Naira (cNGN), slated for 2024. This comes after previous unsuccessful attempts by the government to initiate a similar project and a digital national currency. 
A trader, known as miz, has accused the crypto exchange BingX of unjustly confiscating over $90,000 in bonuses and demanding the closure of his account. The exchange cited suspicions of high-frequency trading but declined to provide specific evidence of violations. 
Matrixport has shifted its view on the likelihood of a Bitcoin ETF approval, now asserting that the U.S. Securities and Exchange Commission (SEC) will reject all such applications in January 2024. The company attributes this change in stance to the SEC's current political dynamics and Chairman Gary Gensler's personal opinions. 
Crypto Horoscope: From Solana to Polygon
While 99 out of 100 crypto enthusiasts might dismiss horoscopes as mere superstitions, favored only by the naive, the approach of the New Year finds even the skeptics secretly browsing prediction sites. So, for those secretly seeking a glimpse into the future, GNcrypto presents an exclusive crypto horoscope! 
Leaders within India's crypto community have largely welcomed the country's decision to block websites of international crypto exchanges, including Binance, Huobi, and KuCoin. Nischal Shetty, the CEO of Indian exchange WazirX, has labeled this step as a move “towards greater regulatory clarity and control”. 
U.S. Federal Judge Jed Rakoff has issued a decision favoring the Securities and Exchange Commission (SEC) in its legal case against Terraform Labs and its founder, Do Kwon. The ruling substantiates the SEC's claim that the company had been selling unregistered securities to investors and that Kwon's statements about potential profits were misleading. 
Researchers from Nanyang Technological University, Singapore (NTU Singapore) have discovered a method to circumvent the censorship of certain artificial intelligence-based chatbots, such as ChatGPT and Google Bard. They created a unique AI tool that generates specific prompts, effectively navigating around these limitations. 
The Indonesian government has reiterated the necessity for cryptocurrency exchanges to register with the Commodity Futures Exchange (CFX), a national trading platform established in 2023. Exchanges that fail to register will be compelled to cease their operations in Indonesia. 
Jana Bertram, who leads the RARI Foundation, incorporating the NFT marketplace Rarible, acknowledges that NFT technology is generally perceived unfavorably within much of the crypto community. She suggests that a rebranding could potentially shift this perspective, but admits it's not a definitive solution. Never miss any of the latest cryptocurrency news, in-depth crypto market analysis, and breaking updates on blockchain technology. From Bitcoin price trends to emerging NFT projects and DeFi developments, GNcrypto has everything to keep you informed and ahead. Stay informed and ready to seize the next big opportunity in the crypto world!