Features Crypto News by Thebittimes.Com

A former Coinbase employee has been accused of stealing code and using ChatGPT to illegally change the licensing of another open-source AI coding firm to create PearAI. Matthew Duke Pan, known as “Frying Pan,” claims to have made $270,000 a year working for the crypto exchange before quitting to make PearAI. Last Friday Pan announced the AI firm had secured $500,000 in funding from the startup accelerator program YCombinator (YC). However, after Pan promoted PearAI at the YC event on X (formerly Twitter), users criticized the firm for “stealing” the code of fellow open-source AI code editor Continue.dev and passing it off as its own. I just quit my 270 000$ job at Coinbase to join the first YCombinator fall batch with my cofounder @not_nang. We're building PearAI, an open source AI code editor. Think a better Copilot, or open source Cursor. But you've heard this spiel already… ️ pic.twitter.com/nYeycRKRHm — FRYING PAN (@CodeFryingPan) September 29, 2...

The Virtual Assets Regulatory Authority (VARA) in Dubai has asked local crypto currency companies to register or obtain a license no later than Nov. 17. According to the statement, if companies do not apply for a license, companies may be prohibited from operating in the emirate. “VARA is calling on VASPs that have yet to submit the applications, have missed the notifications from their commercial licensing authorities, or have submitted incomplete forms to proactively get in touch, to avoid unintended regulatory consequences.” VARA statement More than 1,000 legacy companies have now applied to register under Dubai’s robust regulatory framework, demonstrating the city’s commitment to promoting an open and trusted virtual asset environment as the Emirate strengthens its place on the international stage. You might also like: Dubai offering 90% license fee discount to web3 projects The UAE authorities first started talking about issuing crypto currency licenses...