💧Coinbase and Gemini launch International Exchange 🙏

Welcome to Coinsauce's Daily Crypto Roundup, the daily dose of adrenaline for all crypto enthusiasts out there.

Here’s what’s trending in the past 24 hours 👇️ 

1. Boon or a curse? - ‘Godfather of AI’ Dr. Geoffrey Hinton resigns from Google and issues warnings regarding the dangers of AI 🤔 

2. Major Takedown - 288 dark web vendors arrested in a major operation, seizing over $55M in crypto and cash 👀 

3. Ready, Set, Trade - Coinbase's International perps exchange and Gemini’s non-US derivatives platform go live 🙏 

Is the A.I. apocalypse upon us? 👀 

🤖 AI Legend Dr Geoffrey Hinton has left Google to warn us all about the dangers of artificial intelligence. Hinton has been working on AI his whole life, but now he's sounding the alarm about its potential threats.

His immediate concern? AI is being used to flood the internet with fake content, making it hard to know what's real and what's not. And that's not all - he's also worried that AI could take over our jobs and even threaten humanity if it learns unexpected behaviours from the data it analyzes 🤯.

But Hinton's biggest fear is the AI arms race, which could lead to the development of lethal autonomous weapons systems (LAWS). And to think, he spent his life's work on neural networks!

As he reflected on his life's work, Hinton felt a sense of both pride and apprehension. While he's proud of what he's accomplished in the field of AI, he's also aware of its potential dangers. Nevertheless, he knows that someone would have developed AI even if he hadn't, and he's hopeful that by speaking out, he can help ensure that it's used responsibly.

Let's hope his warnings are heeded, and we don't end up in a real-life Terminator movie 🙏.

Monopoly market shuts down, 288 arrested, and millions seized 💥

🚨 Bust Alert! Monopoly Market, a dark web marketplace, was shut down by Europol and nine countries in a coordinated operation dubbed "SpecTor." 288 suspects were arrested, over $55 million in cash and crypto, 850 kg of drugs, and 117 firearms were seized.

This isn't the first time the police have gone after dark web marketplaces. Last month, German and U.S. authorities took down Hydra, the top-grossing marketplace with a whopping revenue of $1.23 billion! The operation seized EUR 23 million in crypto.

A study by PrivacyAffairs found that hackers were going after cryptocurrency accounts from exchanges like Coinbase and Kraken. Verified Coinbase accounts were being sold for just a few hundred bucks

The prices of some of the ill-gotten verified cryptocurrency accounts include 👇️ 

• Kraken verified account: $1,170

• Binance verified account: $410

• Crypto.com verified account: $300

• Coinbase verified account: $250

• U.S.-verified Bittrex account: $30

However, now with SpecTor, it looks like the dark web just got a whole lot brighter ☀️ 

Coinbase V/S Gemini!🚀 

Get your trading boots on as Coinbase has announced its entry into the crypto perps market with the launch of its new platform. The Coinbase International Exchange is setting up shop in Bermuda. It promises to deliver a top-notch trading experience, complete with external market makers ready to provide liquidity and a fully compliant liquidation framework.

This means that eligible institutional users outside of the US will have access to trading perpetual futures, which accounted for a whopping 75% of global crypto trading volume in 2022

The exchange will let users trade Bitcoin and Ethereum perpetual futures with up to 5X leverage, with more listings to be added.

Meanwhile, Gemini has also launched “Gemini Foundation, a non-US derivatives platform, allowing non-USA and EU-based users to trade bitcoin futures with up to 100X leverage.

The perps race is getting hot, and only time will tell which crypto giant will capture the highest market share dominance 😅 

Meme of the day

When you realise that we learnt nothing from Terminator

That's all for today's Coinsauce Special - the perfect blend of crypto insights and flavorful puns 😄 We hope you enjoyed today's serving! Remember to follow us on social media to stay updated with the latest crypto verse updates and engage with the community! Until next time, keep Bitcoin

Disclaimer: This newsletter is for educational purposes only and does not constitute financial advice or an offer to buy or sell assets. You must exercise caution and conduct your research before making any financial decisionsClearly we learnt nothing from Terminator!!! #Skynet #AI