South Korean Civil Servant Sentenced for Embezzling Funds for Cryptocurrency Investments

According to media reports, a South Korean court sentenced a local civil servant to a suspended sentence for embezzling $159,000 he invested in crypto assets from the state budget. The unnamed official was in charge of budget spending at the social welfare administrative ...

Biden Urges Congress to End Tax Loophole for Wealthy Crypto Investors

Joe Biden addressed Congress and urged lawmakers to take away the ability of wealthy crypto investors to avoid paying taxes. Eliminating this loophole would allow the U.S. to raise about $18 billion for the budget, the president believes. It is not yet reported what specifi ...

Chatbot-developed meme coin reaches $50M market cap with $69 budget

This is a meme coin, developed entirely by ChatGPT-4 The project has a budget of only $69 In late April, digital artist Rhett Mankind tweeted that he asked ChatGPT-4 to develop a meme coin. The chatbot not only chose a name and marketing strategy, but also pre ...