responsibility

According to Mobile Payment Network, Lu Lei, a member of the Party Committee and Vice President of the People's Bank of China, stated at the 15th China Payment Clearing Forum that intelligent agent payments must not blur the boundaries of responsibility between consumers, operating institutions, and algorithm systems. Lu Lei believes that the essence of payment is the transfer of fund ownership, which objectively requires that the results of transactions are predictable, responsibilities are definable, and traces are traceable. Large models and autonomous intelligent agents have characteristics such as output randomness and insufficient transparency of logic. If transaction decision-making authority is blindly or excessively granted to intelligent agents, it will affect the trust foundation of fund transactions. The current governance rules of the payment industry and dispute resolution mechanisms are built around "humans as the final decision-makers in transactions." The new model of intelligent agents automatically initiating and assisting in transactions easily blurs the boundaries of responsibility, and the existing governance rules need to be optimized and improved.Regarding the issue of insufficient compatibility of protocol standards in the field of intelligent agent payments, Lu Lei emphasized that the dispute over protocols is essentially a dispute over business rules and technical standards, as well as a struggle for dominance in the era of artificial intelligence. The People's Bank of China continues to strengthen its tracking research on technological innovation, especially intelligent agent payments, guiding the Payment Clearing Association to leverage its advantages in industry self-regulation. Based on extensive soliciting of opinions, they will formulate and publish the "Self-Regulatory Convention for Intelligent Agent Payment Applications," and will continue to work on coordinating protocols and standards, as well as innovating risk governance. Lu Lei proposed three hopes to market institutions: actively respond to and implement the industry self-regulatory convention, with payment security and risk prevention as the bottom line, and consumer rights protection as the focal point; continuously track the trends of cutting-edge technologies such as large models and intelligent agents both domestically and internationally, and build technical reserves and application capabilities; adhere to the principle of rules and standards first, strengthen coordination and compatibility among different protocols and standards, and cooperate with regulatory authorities to promote the construction of a foundational protocol and technical standard system for intelligent agent payments.

According to The Wall Street Journal, Google (GOOG.O) is restructuring its AI organization by moving the AI responsibility team out of the DeepMind lab.

The Shanghai Intermediate People's Court has published typical cases, analyzing whether "traffic personnel" involved in telecommunications network fraud related to virtual currencies constitute accomplices in fraud. From February 2022 to April 2023, the defendants, for the purpose of profit, assisted upstream fraudulent activities by "draining traffic," using online virtual phone software to lure victims into related scam groups, ultimately causing 30 victims to be defrauded of more than 2.34 million yuan (the same currency hereafter) by an overseas fraudulent organization. The overseas fraudulent organization transferred funds into the suspects' trading accounts via virtual currency.The Shanghai First Intermediate People's Court pointed out that in telecommunications network fraud cases, "traffic personnel" may constitute accomplices in fraud or illegal use of information networks depending on specific circumstances. The key lies in determining whether they have formed a clear criminal intent connection with the upstream fraudulent organization and whether there is stable cooperation and division of labor. In judicial practice, when assessing the criminal responsibility of "traffic personnel," factors such as their role in the criminal chain, the degree of organizational management, connections with upstream criminals, methods of profit, and abnormal behavior should be comprehensively considered. Actions that only provide general online services and do not form a conspiracy to commit fraud should be distinguished from "draining" actions that knowingly participate in the implementation of fraud.

Bit Digital, a Nasdaq-listed company, CEO Sam Tabar posted on X that he has bought more ETH.Sam Tabar explained, "Many people, after seeing ETH's price performance over the past two years, concluded that it is finished. But I believe they have identified the wrong catalyst. The repricing of ETH should never have been based on retail narratives. For an asset supported by such a vast infrastructure, that narrative is inherently too fragile. The real catalyst is institutional demand. And the rhythm of institutional demand never operates according to the emotions on social media. It only occurs when conditions are ripe, such as when the compliance framework is ready, the custody system is established, and the regulatory environment is stable enough for CFOs to sign off. That moment is actually closer than what the market price reflects."He added, "I hold ETH because I have a fiduciary obligation to make smart capital allocation decisions. And based on the price at which I bought, ETH meets that standard."

According to Jinshi reports, Federal Reserve official Kashkari stated that the inflation shock has not allowed the Federal Reserve to evade responsibility, but has made the work of addressing inflation more difficult.

According to The Block, the Ethereum Name Service (ENS) gateway eth.limo experienced a DNS hijacking attack last Friday evening. The project released a post-incident analysis report on Saturday, tracing the attack back to a social engineering attack against the domain registrar EasyDNS.eth.limo stated that DNSSEC validation rejected the attackers' domain server changes, and no users have been found to be actually affected. In response to the recent breaches at the DNS level affecting crypto frontends, eth.limo plans to migrate to EasyDNS's stricter security services, which no longer support account recovery features.EasyDNS CEO Mark Jeftovic has publicly acknowledged the vulnerability, stating that this is the first successful social engineering attack against customers in its 28-year history.

Jump Trading responded on Monday to the lawsuit filed by Todd Snyder, the bankruptcy trustee for Terraform Labs. Snyder sued Jump Trading and several of its subsidiaries and two executives last December, accusing them of market manipulation, defrauding investors, and self-dealing, seeking $4 billion in damages.In its response, Jump Trading stated that the lawsuit is Snyder's "transparent attempt" to evade the $4.4 billion fine imposed on Terraform Labs by the U.S. Securities and Exchange Commission (SEC) in 2024, and claimed that Snyder "fabricated a series of allegations aimed at shifting Terraform's responsibility to the SEC and its creditors onto the defendants." Jump Trading also pointed out that the lawsuit lacks key details, fails to specify the actions of each defendant, does not indicate where the alleged violations occurred, and is beyond the statute of limitations, warranting dismissal.According to previous court records, when UST depegged from the dollar in 2021, Jump Trading assisted Terraform Labs in maintaining the UST peg by buying large amounts of UST to support its price, but executives from both sides kept this confidential. Terraform Labs founder Do Kwon has previously been sentenced to 15 years in prison for two counts of fraud.

In response to on-chain detective ZachXBT's disclosure that "some employees are suspected of abusing their authority to track user wallets for insider trading," Axiom posted a response on platform X stating: "We are shocked and disappointed to learn that someone on the team has abused internal customer support tools to query user wallets. Access to these tools has been revoked, and we will continue to investigate and hold those responsible accountable. This behavior does not represent the team, which has always been committed to putting users first."

The UK's Financial Conduct Authority (FCA) has entered the final stage of its regulatory consultation for cryptocurrency companies and is seeking feedback on how its consumer duty rules apply to crypto asset firms, with a deadline of March 12. The FCA plans to open the application process for crypto asset licenses in September 2026.Consumer duty is a regulation from the UK's Financial Conduct Authority (FCA) aimed at setting high standards for how financial firms treat retail customers. The regulation requires firms to act with integrity, avoid causing foreseeable harm, and help people achieve their financial goals. Companies must provide clear information, fair pricing, and support throughout the entire customer journey (not just at the point of transaction).

ChainCatcher message, the copyright holder of the "Nai Long" anime IP, Seventh Impression Company, announced that recently, some illegal individuals have been using the "Nai Long" image to engage in Bitcoin issuance, false advertising, and illegal financial activities, seriously misleading the public and damaging the brand's reputation. Seventh Impression emphasized that since its establishment, the company has never engaged in or authorized any units or individuals to participate in virtual currency-related businesses and firmly opposes all illegal activities. The company has now initiated a legal review process and will hold the relevant parties accountable according to the law, and will report to the public security authorities if necessary.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Jefferson stated that the Fed's responsibility is to ensure that tariff adjustments do not evolve into persistent inflation.

ChainCatcher news, CryptoQuant CEO Ki Young Ju stated on social media that he supports Sun Yuchen's sale of unlocked tokens, believing that there is nothing wrong with this action. He mentioned that the WLFI Foundation should be held accountable, as it has implemented "de-banking" measures against users, which goes against its own established purpose.

ChainCatcher news, according to Jinshi reports, Musk stated in an interview with CBS that he does not want to publicly oppose the U.S. government, but he also does not want to take responsibility for everything the government does. Musk mentioned in the interview that the Department of Government Efficiency (DOGE) he leads has become a scapegoat, with all layoffs, whether true or false, being blamed on the Department of Government Efficiency (DOGE).He expressed frustration with the multi-trillion dollar tax cut and spending plan currently being discussed by congressional Republicans, believing that this bill would undermine the work being done by the Department of Government Efficiency team. Musk stated that although he has always been a staunch ally of Trump, he does not always support the policies of the Trump administration.

ChainCatcher news, according to Jinshi Data, during an interview with NBC, U.S. President Trump downplayed concerns about the possibility of an economic recession, stating that the U.S. is in a transitional period. He is not worried about a recession occurring during his term, but he does not rule out that possibility. When further questioned about whether he would take responsibility for the impact of his tariff policy on the economy, Trump stated that he would ultimately be responsible for everything.

ChainCatcher news, the Russia-backed hacker group "Dark Storm" claims responsibility for the recent distributed denial-of-service (DDoS) attack that caused a massive outage on the X platform.According to information released by the cybersecurity organization SpyoSecure on March 10 on the X platform, Dark Storm claimed to have carried out the attack in their Telegram channel. The channel was subsequently deleted for violating the platform's terms of service.Social media figure Ed Krassenstein also stated that he contacted the leader of Dark Storm, who confirmed this claim and stated that the attack was intended to demonstrate their strength, with no political motives.X platform owner Elon Musk confirmed that the platform experienced a cyber attack on March 10, causing some users to be unable to access it, but user functionality was quickly restored. In an interview with Fox Business Channel, he stated that the attack originated from IP addresses in the Ukraine region.Additionally, Tesla's recent stock price drop may be related to protests triggered by spending cuts from the government efficiency department (DOGE) led by Musk.