ChainCatcher news, according to SBS Biz, the Financial Supervisory Service (FSS) of South Korea will strengthen its cryptocurrency monitoring system based on the "Virtual Asset User Protection Act." The FSS will improve its methods for collecting and processing cryptocurrency data and establish its own standards for identifying suspicious transactions. It also plans to develop standards for monitoring price fluctuations and spikes in trading volume.In addition, the regulatory agency will enhance its management of data received from overseas cryptocurrency exchanges, including transaction records and policy actions. The agency has allocated approximately 150 million won (108,000 USD) for these upgrades, with the goal of completing them by the first quarter of next year.

ChainCatcher news, as the "Virtual Asset User Protection Act" came into effect in July, South Korean financial authorities announced a collaboration with virtual asset exchanges to develop "Continuous Abnormal Trading Monitoring Guidelines." The Financial Supervisory Service has established a unified trading data table standard that can detect abnormal trading, and each exchange has also set up computer systems. The main newly added trading information accumulation items include market information and trading order intermediary information.In addition, a reporting system has been established between the financial regulatory authority and the exchanges. The exchange plans to detect abnormal trading through a regular monitoring system and identify suspicious unfair trading by analyzing sales data, account opening information, order media information, and deposit and withdrawal information.

ChainCatcher news, Coinbase's Layer 2 network Base announced the introduction of an open-source monitoring system called Pessimism for the Optimism ecosystem, which can identify protocol threats and security vulnerabilities specific to networks created using the OP stack and other EVM-compatible chains. It is reported that the Pessimism system includes three main subsystems: the ETL subsystem, the risk engine, and alerts, which together can parse, analyze, and flag potential security issues.Previous report, Coinbase's L2 network Base announced the open-source monitoring system Pessimism, aimed at enhancing the security of Base (as well as OP Stack and EVM-compatible chains) by rapidly detecting and responding to a large number of protocol threats.

ChainCatcher news, Coinbase's L2 network Base has announced the open-source monitoring system Pessimism, aimed at enhancing the security of Base (as well as OP Stack and EVM-compatible chains) by quickly detecting and responding to a wide range of protocol threats.Since its launch, the Coinbase team has been running Pessimism internally, providing round-the-clock supervision and monitoring of the Base mainnet. Now, in the spirit of contributing to public goods, Pessimism has been open-sourced under the MIT license, making it free and permissive software.

ChainCatcher news, Coinbase's L2 network Base has announced the open-source monitoring system Pessimism, aimed at helping to support the security of all OP Stack and EVM-compatible chains. Since the launch of Base, the Coinbase team has been running Pessimism internally to monitor the Base mainnet. Base stated that, in the spirit of contributing to the public good, Pessimism has been open-sourced as free and permissive software with permission from MIT.

According to ChainCatcher news, after two days of testing and parameter adjustments, Shibarium has now been enhanced and optimized, and is ready to reopen for work. In addition, Shibarium has also enabled a new monitoring system and additional fail-safes, including rate limiting at the RPC layer and automatic server resets to prevent large-scale network congestion from occurring again.

ChainCatcher news, Hyundai Motor Company and Kia Corporation have launched an AI-supported, blockchain-based Supplier Carbon Emission Monitoring System (SCEMS) to leverage the energy-efficient and highly scalable Hedera network to manage the carbon emissions of their business partners.

ChainCatcher news, the ChatGPT development company OpenAI has published an article titled "Our approach to AI safety" on its official website, introducing the company's deployment of measures to ensure the safety of AI models.The article states that AI tools provide many benefits to humanity today. OpenAI also recognizes that, like any technology, these tools come with real risks, and therefore the company is working to ensure that safety measures are established at all levels of the system.Before releasing any new system, OpenAI conducts rigorous testing, hires external experts for feedback, improves model behavior through techniques such as reinforcement learning with human feedback, and builds extensive safety and monitoring systems.In addition, OpenAI believes that powerful artificial intelligence systems should undergo strict safety assessments. Regulation is needed to ensure such practices are adopted, and we actively collaborate with governments to develop the best forms of such regulation.At the same time, society must have time to adapt and adjust to increasingly powerful AI. OpenAI will also focus on protecting children, respecting privacy, and improving factual accuracy as key aspects of ChatGPT's safety work, and will spend more time and resources researching effective mitigation measures and technologies, testing them against diverse real-world use cases. (source link)

ChainCatcher news, CoinDesk reports that the Bank for International Settlements (BIS) is developing a stablecoin monitoring system to ensure that issuers maintain sufficient reserve assets. The BIS announced its 2023 work plan on Tuesday, stating that the initiative, named Project Pyxtrial, will utilize research on technological tools to help regulators form a data-driven policy framework.The initiative will launch this year at the BIS's innovation center in London. The BIS is also committed to developing a monitoring system for cryptocurrencies and DeFi through Project Atlas. (Source link)

ChainCatcher message, Binance co-founder He Yi responded on Twitter that Binance Labs' portfolio management team decided to sell FTT based on the risk control index monitored by Binance. The liquidation of FTT is purely an investment-related exit decision and is unrelated to the war; Binance has no intention of speculation. The decision to hold or sell tokens depends on Binance's risk appetite and judgment.He Yi stated that Zhao Changpeng has publicly shared the thoughts of the Binance community, and Binance has always responded to community requests in a transparent and direct manner. These words may sound like clichés, but using common sense is simple wisdom, and please consistently DYOR. (source link)