Coinbase has argued that the Supreme Court of the US should put the arbitration case between the crypto exchange and its clients to rest and freeze all the arguments. The clash of clients with the crypto exchange could affect it negatively.
Coinbase told the US Supreme Court judges that when a court rules that “a customer deserves to settle a dispute in a courtroom instead of the arbitration outlined in their user agreement, a company appeal should halt that case from progressing through the courts until the appeal is decided”.
The US Supreme Court justices on Tuesday, however, appeared to be divided over a bid by Coinbase to halt customer lawsuits, including by a user who sued after a scammer stole money from his account.
Tether Stability Accused Of Safest Stablecoin Bet Amid US Banking Crisis
Tether (USDT) Stablecoin climbed up to the best bet for traders looking for a stable haven earlier this month following a series of banking troubles in the US.
The USD coin (USDC) fell under 90 cents on March 11, 2023 after the collapse of Silicon Valley Bank (SVB) revealed some of the industry’s major players had exposure to the bank.
The players included the US-based Stablecoin issuer Circle, which held a part of its USDC cash reserves at Silicon Valley Bank as of January 17, 2023, according to the firm's latest attestation.
Decentralised Stablecoins also took a hit, with frax and dai – both backed by a basket of tokens – falling by cents on their intended dollar pegs.
Chatgpt In Pilot Stage To Replace Crypto Audits
ChatGPT recently turned to artificial intelligence (AI) to experiment with how accurately it could carry out a token security review—a requirement for all tokens listed on the exchange.
After reviewing 20 different smart contracts, the mega-popular AI tool produced the same results as the manual review 12 times. However, the eight misses highlighted how high risk asset can produce catastrophic results.
The movement of iteration of ChatGPT can sometimes produce inconsistent or promptly same results, the review showed.