#trust
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Binance has introduced its new Web3 wallet, offering compatibility with thirty different blockchains and a range of standard features (trading, staking, and NFTs). The company's objective is to compete with well-established applications like MetaMask and Trust Wallet, although the latter is already part of the exchange’s portfolio. 
Victory in court against the SEC enables Grayscale to transform its Bitcoin Trust (GBTC) into an ETF. This development sent Bitcoin soaring past the $27,000 milestone.
Within a 45-day period, the SEC can petition for a rehearing. Once this time elapses, the court will deliver a final mandate specifying the future course of action. 
According to a study by Salesforce, approximately 74% of customers are concerned about the unethical use of new technologies. That said, only 57% trust companies' statements on this matter.
Openness to AI is also problematic and has steadily declined over eight months, from 65% to 51%. Customers' primary concerns revolve around security, control, and ethics:
A clear understanding of where artificial intelligence is being applied (as indicated by 89% of respondents).
Verification of AI-generated outcomes (80%).
Bias in the AI-produced results (63%).
Furthermore, 68% of the respondents believe that artificial intelligence amplifies the significance of trust in companies and heightens the responsibility brands owe to their customers. 
Partnering with Paxos Trust, financial giant PayPal has unveiled PayPal USD (PYUSD), focusing on swift and budget-friendly payments.
With backing from dollar deposits, short-term government securities, and similar cash equivalents, PayPal's CEO, Dan Schulman, envisions the stablecoin bolstering the company's foothold in the digital currency space:
"The vision over time is that this becomes a part of the overall payments infrastructure." 
Crypto theft via wallet balance photo is (probably) impossible
Scammers nicked a staggering amount of $4M in USDC from a top executive at Webaverse, the gaming NFT project. During the meeting, the fraudsters requested a snapshot of the Trust Wallet balance screen. They disappeared without a trace along with the funds in the Trust Wallet. 
Coinbase, the cryptocurrency exchange, has joined forces with Peoples Trust Company. This collaboration facilitates access to the Interac e-Transfers system, streamlining deposit and withdrawal processes for its Canadian user base.
What's more, they're gifting users a one-month free gateway into the Coinbase One subscription. This means no trade-related fees, amplified staking profits, and swift client support.
"Canada is well positioned to be a global leader in the cryptoeconomy thanks to the high levels of crypto awareness, a passionate local tech ecosystem, and the progress towards a strong regulatory framework," voiced Nana Murugesan, the International Development VP at Coinbase. 
Grayscale Investments has warned the US Securities and Exchange Commission (SEC) that granting approval to certain spot Bitcoin ETF proposals ahead of others could create an "unfairly discriminatory and prejudicial first-mover advantage".
The company's comments follow BlackRock's recent application to launch a spot Bitcoin ETF, which reignited hopes and triggered similar filings from other firms. Grayscale had previously attempted to convert its Bitcoin Trust (GBTC) to an ETF but was denied by the SEC.
The firm now supports the simultaneous approval of all proposed spot Bitcoin ETFs to maintain a level playing field. 
John Stark vs. Paolo Ardoino: A Verbal Duel for Trust
A fervent discourse has been ignited on Twitter between John Reed Stark, a financial reporting expert, and Paolo Ardoino, the Chief Technical Officer of Tether. This verbal joust was sparked by Stark's critique of the overall health of the company. Security Breach Addressed: Trust Wallet Users to Be Compensated
Trust Wallet, a leading provider of secure wallet software, has announced that it has addressed a WebAssembly (WASM) vulnerability affecting a small number of users. The vulnerability was reported by a security researcher in November 2022 through the company's bug bounty program and affected new wallet addresses generated between November 14 and 23, 2022, by the Trust Wallet Browser Extension. 