ZachXBT, an on-chain crypto “sleuth”, is named in a June 15 lawsuit that alleges he published a defamatory article.
Crypto entrepreneur Machi Big Brother wrote on June 16:
A year ago, [ZachXBT] published a Medium article about me that damaged my reputation … I have consistently maintained that the allegations in his article are false. I look forward to proving through the lawsuit that [he] unlawfully defamed me.
ZachXBT’s 2022 article specifically accuses Machi of embezzling 22,000 ETH ($37.8 million) from a crypto project called Formosa Financial in 2018.
Machi’s case filing contests that ZachXBT is responsible for “publishing and maliciously promoting” allegedly false claims that damaged the reputation of the plaintiff.
ZachXBT establishes legal fund
ZachXBT responded on June 16 by stating that Machi’s lawsuit is a “baseless and attempt to chill free speech.” He added that he intends to fight the case.
ZachXBT highlighted the cost of legal defense and said that expenses could be more than $1 million. He noted that Machi is “very wealthy.” In order to offset this, ZachXBT opened a cryptocurrency donation address, noting that funds that are not spent on his legal defense will be returned to donors.
The case was filed in the U.S. District Court for the Western District of Texas.
Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada's West Coast.
Latest Zachxbt Stories
Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Meta, the parent company of Facebook and Instagram, announced a speech-generation AI model called Voicebox on June 16.
The company said Voicebox could generate speech from text and noted that the model could match an audio style based on a sample just two seconds long.
Voicebox can also convert a text sample to another language and, given a separate speech sample, read the translated text in the speaker’s original voice. This capability supports six languages: English, French, German, Spanish, Polish, and Portuguese.
The AI model can additionally edit existing recordings to remove background noise. More generally, it can create speech that is modeled on diverse speech samples.
Voicebox could be leveraged by various users
Meta said that Voicebox and other similar AI models could allow virtual assistants and non-player characters in its metaverse to have realistic voices. The tool could also be of use to content creators and to users with accessibility needs, it said.
Meta said that Voicebox is currently a research project. It did not say when the feature might be publicly available, but it shared a demo video.
Meta announced several consumer AI tools earlier in June, revealed details about its AI chips in May, and discussed internal AI applications in an April investor call.
Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada's West Coast.
Latest Bitcoin Stories
Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
The link between US Treasuries, the dollar-yen carry trade and Bitcoin
CryptoSlate's latest market report dives deep into the connection between the Japanese yen and U.S. Treasuries and its potential impact on Bitcoin.
