Business

Digital asset investment platform Fasset was granted an operational license on Nov. 29, according to a listing on the Dubai Virtual Asset Regulatory Authority (VARA) website.The Virtual Asset Service Provider (VASP) Licence granted to Fasset allows it to perform broker-dealer services lega ...

In another attempt to expand its business internationally, online trading platform Robinhood has announced its plans to launch its stock-exchange application in the United Kingdom. In an interview with Bloomberg, Robinhood co-founder and CEO Vladimir Tenev said that the app has a ...

A recent public consultation on Canada’s central bank digital currency (CBDC) initiative revealed an overall negative sentiment from Canadians, confirming the Bank of Canada’s concerns around its country-wide adoption.Through the ‘digital Canadian dollar public consultation,’ the Canadian ...

Billionaire entrepreneur Elon Musk is making the headlines again, this time for an expletive-laden outburst on live TV at an annual conference hosted by The New York Times.Speaking at the 2023 DealBook Summit in New York on Nov. 29, Elon Musk, the owner of micro-blogging platform X (former ...

Sam Altman, one of the founders of OpenAI, has officially returned to office as the firm’s CEO, ending a whirlwind few weeks caused by his abrupt and unexpected temporary departure. Addressing OpenAI employees in a company memo made public on Nov. 29, Altman confirmed that ...

Bankrupt crypto exchange FTX has been given the green light to sell around $873 million of trust assets, with proceeds used to repay creditors impacted by the exchange’s collapse in 2022, according to a Nov. 29 filing in a Delaware bankruptcy court.The $873 million in assets will be source ...

Swiss asset manager Pando Asset has become an unexpected late entrant into the spot Bitcoin (BTC) exchange-traded fund (ETF) race in the United States.On the same day, investment giant BlackRock met with the country’s securities regulator to pitch an updated ETF model based on the ag ...

More than three-quarters of all blockchain games launched in the last five years are dead in the water, according to a recent study from CoinGecko.Out of 2,817 games launched between 2018 and 2023, which were included in the study, only 690 of them still have a somewhat active player base. ...

Major cryptocurrency exchange Binance announced it will cease support for all Binance USD (BUSD) products starting on Dec. 15 following Paxos halting the minting of new coins.In a Nov. 29 notice, Binance said users should withdraw or convert their existing BUSD on the exchange into other a ...

London-based crypto trading firm Copper plans to start offering tokenized securities early next year, according to reports on Nov. 29. Under the leadership of former British Chancellor Phillip Hammond, the company expects to capitalize on institutional investors' demand.The service is expe ...

United States personal finance company SoFi Technologies will end crypto trading services for its users by Dec. 19.According to the Nov. 29 announcement, new crypto account openings on SoFi are suspended immediately. All existing SoFi crypto users must either migrate their accounts to Bloc ...

Cross-chain protocol Wormhole has secured a $225 million investment at a valuation of $2.5 billion.According to the Nov. 29 announcement, the investment round was led by Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital, and Arrington ...

Cryptocurrency exchange Poloniex is preparing to resume withdrawals and deposits after suffering a $100 million hack on Nov. 10.Poloniex took to X (formerly Twitter) on Nov. 29 to announce that it will be gradually resuming deposit and withdrawal services on Nov. 30 at 02:00 am UTC. ...

The open-source blockchain developer IOTA announced on Nov. 29 that it is launching a foundation, the IOTA Ecosystem DLT Foundation, based in Abu Dhabi to focus on the growth of its distributed ledger technology (DLT) in the Middle East region. According to the announcement, the new founda ...

Twitter (now X) co-founder and Bitcoin (BTC) advocate Jack Dorsey is backing a new BTC mining pool to help miners regain control of block rewards and transaction fees.Dorsey has led a $6.2 million seed round for Mummolin, the parent company of the new decentralization Bitcoin mining pool c ...

Pro-soccer star Cristiano Ronaldo has been hit with a proposed class-action lawsuit from plaintiffs claiming they suffered losses from his promotion of the now-legally embroiled crypto exchange Binance.A Nov. 27 filing to a Florida District Court claimed Ronaldo “promoted, assis ...

Bitfinex’s recently launched Tether (USDT) tokenized bond, hailed as a “new era for capital raises,” appears to have failed to garner the investment and interest the firm anticipated.Bitfinex Securities, a platform focused on listing tokenized real-world assets (RWA), ann ...

Bankrupt crypto lender Genesis and its parent company, Digital Currency Group (DCG), has struck a deal that could end an ongoing lawsuit to claw back $620 million in repayments from DCG. In a Nov. 28 filing to a New York Bankruptcy Court, Genesis said DCG agreed to pay its outstanding ...

Legendary investor and billionaire Charlie Munger, known as the right-hand man of Warren Buffet who helped build investment powerhouse Berkshire Hathaway, has passed away at 99 years of age.Munger’s family informed Berkshire “that he peacefully died this morning at a California hospital,” ...

Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States now have a “clear runway” to potential simultaneous approvals after an advanced decision to delay the bids of Franklin Templeton and Hashdex ETFs, according to ETF analysts.In a Nov. 28 X (Twitter) post, Bloom ...

Amazon has launched its own artificial intelligence-powered assistant built for business, “Amazon Q.” The AI chatbot can be used to have conversations, solve problems, generate content, gain insights and connect with a company’s information repositories, code, data and en ...

Multi-party computation (MPC) wallet provider Fireblocks has released a new trading system for institutions that use centralized exchanges, according to a Nov. 28 announcement. Called “Off Exchange,” the new system allows institutional traders to swap tokens without first depositing t ...

Oxford University physics spinout Oxford Quantum Circuits (OQC) recently announced the launch of Toshiko, a 32-qubit quantum computing services platform, alongside a $100-million Series B funding round led by Japan’s SBI Group’s investment arm.The company claims that Toshiko is ...

Changpeng “CZ” Zhao, the former CEO of major cryptocurrency exchange Binance, will also step down from his position as chair of the board of directors for United States-based exchange Binance.US.In a Nov. 28 X — formerly Twitter — post, Binance.US reminded users the ...

Bitcoin (BTC) miner Canaan is seeking new capital amid a slump in its revenue and bottom line.According to its Q3 2023 earnings report released on Nov. 28, the company seeks to sell $148 million in equity through an at-the-market offering. The day before, Canaan announced that it had reach ...

More foreign banks have joined China’s digital yuan central bank digital currency (CBDC), the e-CNY, following British bank Standard Chartered’s entry on Nov. 27, bringing its total to four.According to local news reports, Hong Kong-based HSBC, Hang Seng Bank and Taiwanese bank Fubon ...

Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21.Phoenix’s public trading launch will be delayed as the firm has revised the date for its forthcoming initial public offering ...

Hong Kong authorities reported on Nov. 27 that 145 users were affected in a scam by the unlicensed cryptocurrency exchange Hounax, resulting in a loss of 148 million HKD ($18.9 million), according to local media Shenzhen Commercial News. On Nov. 25, local police held an initial press ...

Crypto investment platforms eToro and M2 received various degrees of approval from Abu Dhabi Financial Markets Authority (ADGM) to offer their services in the United Arab Emirates.eToro received approval for a Financial Services Permission (FSP) that allows a provider to operate as a broke ...

ARK Invest, one of the companies that filed an application for a spot Bitcoin (BTC) exchange-traded fund (ETF), is again taking profits on its Coinbase (COIN) shares as the stock price surges.On Nov. 27, ARK sold 43,956 Coinbase shares from its ARK Fintech Innovation ETF (ARKF), according ...

Mercedes-Benz Formula One team and Major League Baseball helped FTX perpetrate fraud through promotional deals with the crypto exchange, according to a group of FTX users in a newlThe plaintiffs, consisting of FTX users, filed twin class-action suits in a Florida District Court on Nov. 27, ...

Super-advanced artificial intelligence, left unchecked, has a “serious chance” of surpassing humans to become the next “apex species” of the planet, according Ethereum co-founder Vitalik Buterin. But that will boil down to how humans potentially intervene with AI de ...

Crypto exchange Coinbase (COIN) shares have hit an 18-month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and sanctions violations in the United States.On Nov. 27, Coinbase closed at $119.77, its highest since May 5, 2022, when it cl ...

The United States Securities and Exchange Commission is still looking for evidence that Binance.US had a backdoor to potentially control customer assets in a similar style to FTX, according to a Nov. 27 report by the Wall Street Journal.In June, the SEC filed a lawsuit against Binance and ...

The governance token for crypto mixer Tornado Cash (TORN) has fallen by over 50% on Nov. 26-27, according to data from Coingecko. The crash came on the same day that crypto exchange Binance announced it was delisting the token.Tornado Cash 24-hour chart. Source: Coingecko.Tornado Cash is a ...

IBM announced the completed installation of a 127-qubit quantum computing system at the University of Tokyo on Nov. 27. According to the company, this marks the arrival of the first “utility-scale” quantum system in the region.  ...

Richard Teng, Binance’s former global head of regional markets and now CEO, announced his intention to drive growth at the crypto exchange following Changpeng “CZ” Zhao stepping down.In a Nov. 27 blog post, Teng said he had the support of CZ and Binance’s leadership ...

A one-year grace period for cryptocurrency exchanges operating in Hong Kong will remain in place despite recent scandals.According to local news reports on Nov. 27, Julia Leung, Hong Kong's Under Secretary for Financial Services and the Treasury, stated, "Even if the grace period ends tomo ...

British multinational bank Standard Chartered will partake in trials of China's digital yuan central bank digital currency (e-CNY CBDC), one of the first foreign banks to do so in the country.According to the Nov. 27 announcement, Standard Chartered, through its partner City Bank Clearing ...

Hong Kong cryptocurrency exchange HKVAEX has not applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC), a spokesperson for HKVAEX has said.Amid multiple reports erroneously suggesting that HKVAEX has applied for an SFC license, the HK ...

Cryptocurrency exchange and Web3 developer OKX announced the expansion of its services for users in the Brazilian market with a local crypto exchange and Web3 wallet platform. On Nov. 27, the company said it is focusing on providing a gateway to decentralized finance (DeFi) and c ...

The cryptocurrency mining company Hive Digital Technologies revealed plans to expand its global presence through a new acquisition of property and a data center in Boden, Sweden.On Nov. 27, the company announced that it's entered a property transfer agreement with Turis AB to take over the ...

The United States, United Kingdom, Australia, and 15 other countries have released global guidelines to help protect AI models from being tampered with, urging companies to make their models “secure by design.”On Nov. 26, the 18 countries released a 20-page document outlining h ...

Circle, the stablecoin issuer behind USD Coin (USDC), is teaming up with Tokyo-based financial services firm SBI Holdings to boost the adoption of USDC and Web3 services in Japan.Circle said it concluded a memorandum of understanding (MOU) with SBI Holdings on Nov. 27, which will underpin ...

Bitcoin (BTC) deposits and withdrawals have returned to the Justin Sun-linked crypto exchange HTX, formerly Huobi, after it suffered a $30 million exploit on Nov. 22.In a Nov. 26 blog post, HTX said deposit and withdrawal functionality is back for multiple currencies, including BTC, Ether ...

Developers working on the Bitcoin layer 2 Lightning Network have become less security-oriented and more focused on producing cash flow for their investors, argues a former Lightning Network developer.Bitcoin core developer and security researcher Antoine Riard, made headlines last mon ...

Crypto venture capital firm Paradigm criticized Blast’s protocol marketing strategy, claiming the startup “crossed lines in both messaging and execution." The VC firm is a seed investor in Blast.The head of research at Paradigm, Dan Robinson, shared a statement on X (formerly T ...

A recent court filing suggests that Changpeng "CZ" Zhao's legal challenges are just beginning, despite pleading guilty to violating the United States Anti-Money Laundering requirements in a settlement with the Department of Justice. Zhao is expected to be sentenced in February 2024. H ...

Recent events surrounding the crypto exchange Binance sparked significant debate about the United States’ crackdown on crypto firms. According to Omid Malekan, adjunct professor at Columbia Business School and author, the Department of Justice’s approach in the case is very different from what is ...

The Nigeria Police Force (NPF) said it has arrested one politician, Ambassador Wilfred Bonse, concerning the theft of over $246,153 (200 million naira) from Patricia Technologies’ crypto wallet.The disclosure was made by ACP Olumuyiwa Adejobi, the Force Public Relations Officer, in a ...

The film industry has been suggested by many as one of the next frontiers of Web3 and blockchain technology. With movies historically funded by wealthy investors or centralized production companies, blockchain offers a unique set of tools to decentralize the investment process. Filmmakers can lau ...

Imagine building a company from a $15 million initial coin offering to an impressive $60 billion empire. That’s exactly what Changpeng “CZ” Zhao has done with Binance since he founded the crypto exchange in 2017 before resigning on Nov. 21 as part of a settlement with the United States Department ...

The brokerage firm Interactive Brokers Hong Kong has been licensed in Hong Kong for virtual asset trading by retail clients, according to a post on LinkedIn by the Managing Director for Asia Pacific at Interactive Brokers, David Friedland.The post said the trading of virtual assets is curr ...

The decentralized exchange KyberSwap has offered a 10% bounty reward to the hacker who stole $46 million on Nov. 22 and left a note of negotiation. The exchange wants 90% of the loot returned by 6 am UTC on Nov. 25.On Nov. 23, KyberSwap alerted users that its liquidity solution, KyberSwap ...

Cathie Wood’s investment firm ARK Invest has sold 700,000 shares of the Grayscale Bitcoin Trust (GBTC) over the past month, even as Bitcoin (BTC) hit 17-month highs over excitement for a possible spot Bitcoin exchange-traded fund (ETF).The ARK Next Generation Internet ETF (ARKW) sold 36,16 ...

Numerous users of the crypto analytics platform Nansen have received phishing emails from scammers pitching an “exclusive opportunity” to participate in the fictitious “Nansen Airdrop.”On Nov. 23, crypto community members on X (formerly Twitter) flagged an ongoing p ...

Netherlands-based cryptocurrency exchange Bitvavo is set to expand its services to French users after successfully registering as a digital asset service provider with France’s Autorité des Marchés Financiers (AMF).The expansion into France comes just weeks after Bitvavo secured regulatory ...

Bitcoin (BTC) Lightning payments app Wallet of Satoshi (WoS) has disappeared from Apple’s App Store and Google’s Play Store in the United States as it closes in on over 1 million transactions for November.On Nov. 24, several users and crypto community participants shared on X ( ...

Markets commentator Jim Cramer has tacitly admitted he was wrong about Bitcoin (BTC), saying he was premature in calling for investors to sell the cryptocurrency. In a Nov. 22 segment of his CNBC Mad Money show, Cramer responded to a caller who inquired about buying shares in Bitcoin ...

The market has already entered the first phase of a major rally, with the number of people buying crypto trickling upward which is expected to accelerate early next year, say the heads of Australia’s largest crypto exchanges.Independent Reserve CEO Adrian Przelozny told Cointelegraph he ex ...

The crypto trading days of former FTX CEO Sam Bankman-Fried are over, and the recently convicted founder has found a new thing to trade while in jail — fish. The Wall Street Journal reported on Nov. 23 that Bankman-Fried recently traded four packets of Mackerel — known in ...

Social media platform X — formerly Twitter — restricted the account of former Binance CEO Changpeng “CZ” Zhao without explanation other than suggesting “they may have potentially violated the X Rules.”On Nov. 23, X users could briefly view CZ’s acc ...

Crypto exchange HTX, formerly Huobi Global, will resume deposits and withdrawals within 24 hours after suffering a $13.6 million exploit on Nov. 22.According to its official announcement, the exchange promised to "fully compensate for the losses caused by this attack and 100% guarantee the ...

The image of a presidential candidate destroying a model of the central bank with a sledgehammer will not leave Argentines' memories for a long time. But once President-elect Javier Milei is seated on the throne on Dec. 10, will he still have the courage to follow a winding and risky path? ...

The Singaporean crypto-fiat payment gateway, Alchemy Pay, announced a further expansion into the United States market on Nov. 23 with the acquisition of its money services license in the state of Iowa. According to local state regulations, any entity or individual engaged in currency ...

Some creditors of cryptocurrency futures exchange CoinFLEX are alleging that OPNX, a new crypto exchange established in part by Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu, was created using CoinFLEX assets without their consent. According to a writ of summons filed ...

Tron founder Justin Sun's crypto businesses have come under repeated attack from hackers over the past two months, with at least four hacks of the largest exploits targeting platforms related to the crypto entrepreneur.Sun’s HTX crypto exchange has been hacked at least twice since the plat ...

Kraken co-founder Jesse Powell has welcomed the result of the Binance investigation in an "X” (formerly Twitter) post and has highlighted the need for long-term-oriented visionaries and shareholders. Over the last 12 months, leaders of major crypto exchanges such as FTX and Bina ...

Binance’s $4.3 billion settlement with the United States was the final hurdle before the country’s securities regulator approves spot Bitcoin exchange-traded funds (ETFs), many industry watchers claim.The settlement involved Binance agreeing to Justice Department and Treasury c ...

FTX founder and convicted fraudster Sam Bankman-Fried will stay jailed after failing to convince a United States appellate court that he should be freed while his legal team appeals his conviction.In a Nov. 21 mandate, the U.S. Court of Appeals for the Second Circuit said Bankman-Fried&rsq ...

Blockchain analytics firm Nansen reported that following a settlement for civil and criminal charges against Binance and CEO Changpeng “CZ” Zhao, outflows from the crypto exchange didn’t result in a “mass exodus of funds.”In a Nov. 22 X post, Nansen said  ...

In a Nov. 22 YouTube video, Cardano founder Charles Hoskinson reflected on the news that Binance CEO Changpeng "CZ" Zhao has stepped down from the exchange. Hoskinson claimed that this event represents “the end of an era.” He argued that entrepreneurs g will need to comply with regula ...

Nvidia announced third-quarter revenue for 2023 of $18.12 billion, a company record, as the firm’s market cap now reaches $1.22 trillion.The better-than-expected earnings follow a 12-month growth trend, during which the company saw earnings increase by 34% over the last quarter and 206% ov ...

The year 2022 saw a historic breakdown of trust in exchanges and other crypto service providers. The collapses of Sam Bankman-Fried’s FTX and Alex Mashinsky’s Celsius are still fresh in the community’s memory, SBF’s trial only recently having concluded. These cases serve as a painful reminder tha ...

Major cryptocurrency tracking website CoinGecko is scaling its data offering by acquiring the nonfungible token (NFT) data infrastructure platform Zash.CoinGecko plans to integrate Zash’s NFT data into its Application Programming Interface (API) by the second quarter of 2024, the firm anno ...

Amid ongoing confusion, uncertainty and rumors around the recent departure of Changpeng “CZ” Zhao as Binance CEO, his replacement, the new Binance CEO Richard Teng, took to X (formerly Twitter) to attempt to boost investor confidence.Soon after CZ announced he was stepping down ...

Creditors of Mt. Gox, a now-defunct Bitcoin (BTC) exchange that lost 850,000 BTC to a hack in 2014, have reportedly received a new email hinting at soon-to-come repayments.Nobuaki Kobayashi, the trustee overseeing the Mt. Gox Bitcoin exchange’s estate, on Nov. 21 started sending out emails ...

The former Binance CEO Changpeng “CZ” Zhao stepped down from his role on Nov. 21 after pleading guilty to not following anti-money laundering laws. He then issued a statement via a messaging platform to the company. CZ's letter began circulating on social media on Nov ...

Bankrupt crypto lending platform Genesis Global Capital has filed a lawsuit against cryptocurrency exchange Gemini Trust to recover $689 million in preferential transfers, a court filing on Nov. 22 shows.The lawsuit alleges that Gemini made preferential transfers of approximately $689,302, ...

A New Zealand dollar-pegged stablecoin has gone live through a partnership with New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys.In a Nov. 22 announcement, Labrys and Easy Crypto said the NZDD will be backed 1:1 with cash in trust and regulated by t ...

Binance founder Changpeng “CZ” Zhao will pay a $175 million release bond and agree to return to the United States 14 days before his Feb. 23, 2024 sentencing — possibly allowing him to return to Dubai. In a Nov. 21 bond document filed in a Seattle federal court, Zhao agreed to share with t ...

Brian Armstrong, CEO of crypto exchange Coinbase, thinks that his company made the right decision to comply with U.S. money transmitter licensing laws.In a Nov. 21 social media post, Armstrong weighed in on the news that rival exchange Binance is pleading guilty to criminal charges, statin ...

Binance founder Changpeng "CZ" Zhao has agreed to step down as CEO of the crypto exchange as the U.S. Department of Justice (DOJ) prepares to announce that it's secured a $4.3 billion settlement with the company.According to The Wall Street Journal, CZ intends to plead guilty to several ch ...

A wave of optimism around the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States has ignited bullish price action in the crypto market in recent weeks. But that could be just the beginning: If a spot Bitcoin ETF receives a greenlight by the U.S. Secur ...

OpenAI’s decision to fire CEO Sam Altman may have put the company’s future in jeopardy. Reportedly, a lion’s share of its employees have threatened to walkout unless the ousting is reversed. Complicating matters further, a number of executives from big tech orgnaniza ...

Cryptocurrency lending firm Celsius said its reorganized company will focus only on Bitcoin mining following feedback from the United States Securities and Exchange Commission (SEC).In a Nov. 20 announcement, Celsius said the core business of the ‘NewCo’ company proposed under ...

Tether’s bank partner Britannia Financial is reportedly facing a lawsuit over claims it failed to pay the full price of revenue-generating assets allegedly related to a large deposit from Tether.Arbitral International, a company registered in the British Virgin Islands, has sued Britannia ...

A mix of highly influential and controversial entrepreneurs make up the latest list of the ten most popular crypto entrepreneurs based on their social media presence, with Binance CEO Changpeng ‘CZ’ Zhao leading the pack in first place and convicted fraudster Sam Bankman-Fried trailing& ...

The crypto space has been making its feelings known about the latest blow from regulators in the United States, a lawsuit filed by the Securities and Exchange Commission (SEC) against crypto exchange Kraken. The lawsuit was filed on Nov. 20 based on the SEC's allegations that Kra ...

Kraken co-founder Jesse Powell has lashed out at the Securities and Exchange Commission after it sued his crypto exchange for alleged securities law violations. In a Nov. 21 post to X (formerly Twitter), Powell called the regulator “USA’s top decel” — a term us ...

Disgruntled consumers have filed a class-action lawsuit against Apple claiming the tech giant has conspired to limit peer-to-peer payment options on its devices and block crypto technology from iOS payments apps.The Nov. 17 complaint filed in a California District Court alleges Apple ...

BNB (BNB) has gained over 7% in the last day after Bloomberg reported that the United States Department of Justice is contemplating a $4 billion settlement with Binance to resolve its investigation into the company.Cointelegraph Markets Pro shows BNB spiked 6% to $262 in around 30 minutes ...

The Blockchain Association has thrown fresh support behind six plaintiffs suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on the crypto mixer Tornado Cash.In a Nov. 20 amicus curiae brief to a U.S. appellate court, the crypto advocacy group argue ...

The United States Securities and Exchange Commission (SEC) has sued Kraken alleging it failed to register as an exchange, broker, dealer and clearing agency with the regulator and claimed it commingled customer funds. In a Nov. 20 complaint, the SEC claimed that since 2018, ...

The bakong, a digital currency operated by the National Bank of Cambodia (NBC), will provide users with access to the Alipay merchant network and enable cross-border transactions on Alipay+ using QR codes under a memorandum of understanding (MoU) signed at the FinTech Expo in Singapore, the local ...

Liechtenstein-headquartered cryptocurrency exchange Bittrex Global has announced it plans to wind down operations starting with the suspension of trading activity on Dec. 4.In a Nov. 20 update published to its website, Bittrex Global said all users with U.S. dollar holdings needed to conve ...

Microsoft (MSFT) stocks hit an all-time high of $378.81 on Nov. 20 on the back of a tumultuous weekend for the AI sector involving the ousting of OpenAI CEO and co-founder Sam Altman. Not to be outdone, Nvidia (NVDA) stocks also reached an all-time high of $499.60, continuing a trend that’s ...

The US Justice Department is negotiating with Binance in an attempt to resolve its investigation into the company, according to a November 20 report from Bloomberg citing people familiar with the discussions. The agreement would require Binance to pay $4 billion in fines. In return, the company w ...

Once branded for a Texas-specific audience, the North American Blockchain Summit (NABS) shook things up in 2023 — changing its location and name as many United States lawmakers prepared for an election season.Hundreds of crypto and blockchain enthusiasts gathered in Fort Worth, Texas ...

Crypto media platform CoinDesk was acquired by crypto exchange Bullish on Nov. 20, according to a report published in the Wall Street Journal (WSJ). The crypto exchange is headed by former New York Stock Exchange president Tom Farley. The media platform said that former Wall Street Jo ...

The Microsoft-backed artificial intelligence (AI) company OpenAI had a major shift in leadership over the weekend after its board of directors abruptly ousted former CEO and co-founder Sam Altman on Nov. 17. In the days following the board received pressure to reinstate Altman as CEO ...

Next year’s most successful Web3 games will pivot from play-to-earn (P2E) to instead focus on being completely free-to-play to dr in players, says Yield Guild Games CEO and co-founder Gabby Dizon. Speaking to Cointelegraph, Dizon said unlike games such as Axie Infinity — w ...

The company behind Atomic Wallet has asked a United States court to dismiss a class action suit seeking damages from a $100 million hack arguing the claims should’ve been filed in Estonia where it's based.In a Nov. 16 dismissal motion in a Colorado District Court the Estonian firm argued i ...

The tech world reeled and Altman’s colleagues rallied to his side, with then-OpenAI president and co-founder Greg Brockman announcing his own resignation. With enormous public backlash from shareholders and employees, the board of directors is holding talks to possibly reinstate Altman. ...

Argentina's Bitcoin (BTC)-friendly Javier Milei won the country’s presidential run-off election on Nov. 19, beating out his opponent Sergio Massa.With almost 99% of the vote counted, Milei won over 55% of the votes with a nearly 3 million vote lead according to Bloomberg data. ...

OpenAI’s board of directors ousted founder Sam Altman on Nov. 17, shocking the technology world, while appointing Mira Murati as its interim CEO. Since then, the board has been facing strong criticism from the startup major clients and investors. According to a Bloomberg report, ...

James Wallis, Ripple’s vice president for central bank digital currencies (CBDC) Engagements, has highlighted the role of CBDCs in advancing global financial inclusion in a brief video. Wallis clarifies that financial inclusion aims to extend financial services to individuals worldwide, especiall ...

The turmoil at OpenAI continues to escalate after its founder Sam Altman was abruptly ousted on Nov. 17, with three senior researchers reportedly quitting the artificial intelligence company.OpenAI’s board of directors announced Altman's removal from the CEO position in a blog post, ...

Decentralized exchange (DEX) dYdX was forced to use its insurance fund to cover $9 million in user liquidations on Nov. 17. According to dYdX founder Antonio Juliano, the losses resulted from a "targeted attack" against the exchange. Based on reports from the dYdX team on X (formerly ...

Cryptocurrencies are digital-only assets that investors can delegate custody to a third party, such as an exchange, store in hot wallets, or rely on their own hardware wallets. Security concerns with online solutions and third-party risks (not your keys, not your coins) have increased the need fo ...

ChatGPT developer OpenAI has removed founder Sam Altman from its CEO position, according to a November 17 blog post. Chief technology officer Mira Murati will be promoted to interim CEO. According to the post, the Board of Directors engaged in a “deliberative review process,” which re ...

As the final weeks of 2023 approach, it’s fair to say that one of the most dominant trends and drivers of crypto companies’ strategies over the past months can be summed up in a single word: licenses. In a tight regulatory environment, getting the green light from regulators has been ...

Founder and lead developer of Ethereum Name Service (ENS) Nick Johnson is urging blockchain domains company Unstoppable Domains to drop a recently awarded patent or face a lawsuit, according to an open letter shared on X (formerly Twitter). In January, Unstoppable Domains was granted ...

Neo-investment and technology firm Republic plans to issue a blockchain-based security token that will pay dividends to retail investors from profits across its broad portfolio of investment holdings.The Republic Note is a profit-sharing digital asset that will be launched on the Avalanche ...

With more than a month left before the end of 2023, the United States crypto industry has already spent $20 million on lobbying efforts. In the last year, the total sum stood at $22.2 million. According to the CoinGecko report, published on Nov. 14, the U.S. crypto lobby has spent $20 ...

European digital asset management firm CoinShares secured the exclusive option to acquire the exchange-traded fund (ETF) unit of its United States competitor Valkyrie Investments, including the Valkyrie Bitcoin Fund that’s awaiting approval in the U.S.CoinShares said on Nov. 17 that ...

The crypto industry should focus on building blockchain-based solutions everybody can benefit from instead of launching cash grabs for brands, says Amy Peck, CEO of tech-focused consulting firm EndeavourXR.Peck told Cointelegraph at the Lisbon Web Summit that Web3 firms should be build-fir ...

Cryptocurrency may be "out of fashion", but it still draws new users to Web3 every day, in particular in emerging markets such as Brazil, according to Bitcoin maximalist José Ribeiro, CEO of crypto exchange Coinext. During the Web Summit in Lisbon, Ribeiro discussed with Cointelegraph ...

Decentralized finance (DeFi) group Aave Companies has been rebranded to Avara as it looks to broaden its user base across the Web3 ecosystem.Stani Kulechov, founder and CEO of Avara (formerly Aave Companies), tells Cointelegraph that the company’s growing number of offerings, including liq ...

The Singapore-based BSN Foundation, a global blockchain infrastructure organization, officially announced its launch with five international founding members on Nov. 16.BSN’s founding members include the institutional digital asset wallet Blockdaemon, the blockchain infrastructure automati ...

The National Pension Service (NPS), a public pension in South Korea and one of the world’s largest pension funds, bought just over 280,000 shares of the global cryptocurrency exchange Coinbase in the third quarter of this year, an investment that has gained 39% in value since the purchase. ...

The Philippines Bureau of the Treasury announced it would offer 10 billion pesos ($179 million) of one-year tokenized treasury bonds for the first time after canceling the traditional auction scheduled for Nov. 20.The Bureau of the Treasury will offer these tokenized bonds to institutional ...

Binance will publicly roll out a Thailand-based crypto exchange in early 2024 via a joint venture with local energy giant Gulf Energy Development.A Nov. 15 Stock Exchange of Thailand filing by Gulf Energy said the venture, called Gulf Binance, will initially be available on an invitation-o ...

A recent video from blockchain security firm CertiK made a series of “inaccurate” claims about a potential security vulnerability in Solana’s crypto-enabled Saga phone, Solana Labs has said. In a Nov. 15 post on X (formerly Twitter), CertiK claimed the Saga phone con ...

Crypto infrastructure firm Paxos has secured in-principle approval from Singapore’s regulator for a new entity that’s planning the launch of a U.S. dollar-backed stablecoin.In a Nov. 15 statement, Paxos said it received an initial nod from the Monetary Authority of Singapore (M ...

Grayscale Investments is using its Ether (ETH) futures exchange-traded fund (ETF) application as a “trojan horse” to corner the United States Securities and Exchange Commission into approving its spot Ether ETF, says Bloomberg ETF analyst James Seyffart.Seyffart said in a Nov. ...

Crypto firm Bakkt appears to be returning to digital asset custody as its primary business, adding support for six new coins, according to an announcement on Nov. 15. Aside from Bitcoin (BTC) and Ether (ETH), Bakkt will expand its custodial support to include Bitcoin Cash (BCH), ...

Microsoft, Tencent and 16 other Web2 giants have partnered with Consensys on its mission to decentralize the Infura network — the key point of access to Ethereum for much of the decentralized finance (DeFi) sector.The partnerships aim to increase decentralization on the Infura networ ...

The German bank Commerzbank has been granted a crypto custody license by local regulators, according to an announcement released by the lender on Nov. 15. Commerzbank says it is the first “full-service” German bank to be granted this license in the country under the legal framework of ...

Investors pursuing legal action against Robinhood over trading restrictions imposed in early 2021 have faced another setback in court after the Florida Southern District Court rejected the request for class certification by the plaintiffs on Nov. 13, 2023. Chief Judge Cecilia M. Altonaga s ...

Binance Labs, the venture capital arm and incubator arm of Binance, said on Nov. 15 that it has invested in Arkham (ARKM), the native token of the “deanonymizing” blockchain platform Arkham.The company said in a blog post on the website that the investment aims to support “on-cha ...

Justin Sun’s cryptocurrency exchange Poloniex is preparing to resume operations after suffering a major hack in mid-November, according to an official company announcement posted on Nov. 15In the statement, the company said that the platform has “mostly completed” the restoration ...

The Nov. 13 XRP (XRP) price action stemming from a falsified BlackRock XRP trust filing shouldn’t sway the United States securities regulator’s decision to approve or delay spot Bitcoin (BTC) exchange-traded funds (ETFs) — but it isn’t a good look, say industry observers. ...

Crypto exchange and wallet provider Blockchain.com closed a $110 million Series E financing round, an investment that more than halves its previous 2022 valuation of $14 billion.In a Nov. 14 blog post, Blockchain.com said the closing of its Series E round was led by the United Kingdom-base ...

Uniswap Labs has publicly released an Andriod mobile wallet app with built-in swap capability on the Google Play store.The new app allows users to make swaps through the decentralized exchange (DEX) from within the app, eliminating the need for a separate web browser extension, Uniswap Lab ...

Bankrupt crypto companies FTX and BlockFi have been allowed to proceed in negotiations for their claims settlement, according to a new court filing.On Nov. 13, United States bankruptcy judge Michael Kaplan ordered the end of an automatic holding placed on proceedings between the two firms. ...

BC Technology Group, the operator of Hong Kong’s publicly-listed cryptocurrency exchange OSL, has announced a significant investment from industry firm BGX.BC Technology entered into a partnership with BGX, which agreed to subscribe for shares in BC Technology for an investment of about 71 ...

Global investment bank Goldman Sachs and French universal bank BNP Paribas have reportedly led a new funding round for Fnality, a blockchain-based wholesale payments firm backed by Nomura Group.Fnality has raised 77.7 million British pounds ($95.09 million) in a second round of funding, Re ...

Crypto exchange Crypto.com’s Dubai entity was granted a Virtual Assets Service Provider (VASP) license by the city’s regulator, pending operational approval.In a Nov. 14 press release, Crypto.com said that once fully approved by Dubai’s Virtual Assets Regulatory Authority ...

An employee of FTX’s charity wing recruited by FTX co-founder Sam Bankman-Fried is trying to get paid $275,000, the remainder of his claimed 2022 salary bonus.Ross Rheingans-Yoo's lawyers argued in a Nov. 13 court filing that only $375,000 of his $650,000 bonus was paid by FTX. They ...

A BlackRock filing suggesting the asset manager was creating an XRP (XRP) exchange-traded product caused a 12% spike in XRP, which it quickly lost after the filing was confirmed as fake.The saga lasted an hour late on Nov. 14 as X (Twitter) users picked up on a Delaware filing showing Blac ...

Cboe Digital has announced the launch date of Bitcoin (BTC) and Ether (ETH) margin futures trading – Jan. 11, 2024. The regulated crypto-native exchange and clearinghouse will become the first in the United States to offer both spot and leveraged derivatives trading on a single platform, it ...

While the United States Federal Reserve decided to hold interest rates at its November meeting, they remain at their highest level since well before the global financial crisis (GFC) of 2008-09. The Federal Funds rate stands at 5.25-5.5%, similar to the United Kingdom’s 5.25%, while in the ...

Taiwan cryptocurrency exchange Bitgin is under investigation by the country's police force for money laundering. According to local news reports early this week, Yuting Zhang, the firm's COO, was arrested by Taiwanese police for his alleged role in the "Eighty-Eight Guild Hall" money laundering i ...

Binance Blockchain Week Istanbul 2023 saw global crypto exchange Binance bringing its flagship event to Turkey on Nov. 8–9, where business is conducted in the Turkish lira — a top trading pair on its platform. While Binance CEO Changpeng “CZ” Zhao was absent fr ...

The Block, a crypto-focused media company, sold a majority stake of its company to a venture capital firm in Singapore, according to reports, which has valued it at $70 million.Foresight Ventures, the firm behind the deal, is buying an 80% stake for $60 million. The VC firm says The Block ...

Major stablecoin issuer Tether has been increasingly minting new USDT (USDT) tokens, issuing 4 billion USDT over the past month.Tether issued another 1 billion of Tether on the Tron blockchain on Nov. 10, the blockchain data provider Whale Alert reported. The latest USDT minting came just ...

Crypto exchange Bithumb plans to become the first digital asset company to go public on the South Korean stock market. Local news outlet Edaily reported on Nov. 12 that Bithumb is getting ready for an initial public offering (IPO) on the KOSDAQ — South Korea’s version of the United St ...

The FTX bankruptcy estate, headed by CEO John J. Ray III, has filed a lawsuit against ByBit, its investment arm Mirana, and various executives. The aim is to recover funds and digital assets that ByBit withdrew from FTX just before its collapse, with the current value close to $1 billion.T ...

Several former FTX executives have teamed up to help build a new cryptocurrency exchange in Dubai with a specific focus on what FTX failed to do — secure customer funds.Ex-FTX lawyer Can Sun is leading the way with Trek Labs, a Dubai-based startup that received a license to offer cry ...

Non-government organization Bitcoin Argentina presented a draft bill proposing to regulate the cryptocurrency market in a way that preserves decentralization and strengthens public trust.The proposed legal framework was pitched by Bitcoin Argentina's president Ricardo Mihura at LABITCONF 2 ...

BlackRock has argued that the U.S. Securities and Exchange Commission doesn't have any legitimate reason to treat spot-crypto and crypto-futures exchange-traded fund applications differently. BlackRock’s plan for a spot-Ether (ETH) ETF called the “iShares Ethereum Trust” ...

Singapore-based dtcpay is launching a payment system that will use fiat and cryptocurrencies for in-store and online payments. The company mentioned Tether (USDT), Ether (ETH) and Bitcoin (BTC) in its announcement.The company is partnering with open-source blockchain PlatON for privacy-pro ...

Crypto lender Hodlnaut’s days appear to be numbered after the High Court of Singapore ended judicial management and ordered its liquidation. Users’ funds have been frozen since August 2022. Former Hodlnaut interim judicial manager (IJM) Aaron Loh Cheng Lee announced in a l ...

Multinational banking firm JPMorgan has rolled out a programmable payment feature for institutional users of its private blockchain platform JPM Coin.Naveen Mallela, who heads up JP Morgan’s bank-led blockchain platform Onyx, shared details of the new functionality on LinkedIn via an initi ...

Cryptocurrency trading bot Wallet is debuting its global rollout on the Telegram messenger in several countries in Latin America and Africa.The Open Platform (TOP), the Dubai-headquartered investment platform affiliated with TOP Labs and Wallet, announced the global rollout of the Wallet c ...

Hong Kong is “very ready” for the next wave of mass crypto adoption, with an influx of crypto talent that has been spilling into the aspiring digital asset hub, says Jupiter Zheng, a partner at Hashkey Capital. Speaking to Cointelegraph, Zheng, partner of liquid funds and ...

United States federal prosecutors have managed to put SafeMoon CEO Braden John Karony’s bail release order on hold, citing flight risk and his release being a possible “danger to the community.On Nov. 9, New York District Judge LaShann DeArcy Hall stayed a Nov. 8 bail release order after p ...

Venture capital firm Lightspeed Faction has created a $285 million fund for crypto startups, according to a Nov. 9 announcement. The fund will focus on “early stage blockchain projects” and will also provide capital as these projects scale, the announcement stated. ...

The Celsius bankruptcy plan has been approved. The path is now clear for customers to see some of their funds returned and receive shares in the reorganized company, which will be called NewCo.Judge Martin Glenn of the Southern District of New York Bankruptcy Court issued a confirmation on ...

Canadian quantum computing firm Photonic has emerged from stealth to raise $100 million for its all-silicon quantum computing platform. Among the investors is new partner Microsoft, who will co-develop quantum networking solutions with the startup.The investment and partnership come as num ...

Taiwan's financial watchdog, the Financial Supervisory Commission (FSC), has awarded the country's first security token offering (STO) license to Cathay Securities.According to local news reports on Nov. 9, Cathay received regulatory approval for its "Sunshine Green Yield" STO bonds with a ...

BlackRock has apparently registered an Ethereum trust in the state of Delaware, which is possibly a first step toward an Ether (ETH) spot exchange-traded fund (ETF). BlackRock registered an analogical Bitcoin (BTC) trust in June, shortly before filing with the United States Securities ...

Singapore-based digital asset investment firm Spartan Group has announced investment in the decentralized finance (DeFi) protocol Pendle Finance (PENDLE).After actively supporting Pendle since its launch in 2021, Spartan Group’s crypto venture capital arm Spartan Capital has made a follow- ...

ARK Invest, the investment firm founded by major Bitcoin (BTC) advocate Cathie Wood, is actively accumulating stock of the crypto-friendly app Robinhood (HOOD).On Nov. 8, ARK made a massive Robinhood stock purchase, bagging a total of 1.1 million shares for about $9.5 million in one day, a ...

Deutsche Börse AG, the German stock exchange headquartered in Frankfurt, has included crypto in its strategic priorities for the next few years. According to the strategic report “Horizont 2026”, published on Nov. 7, Deutsche Börse seeks “an expansion of the leading position in the ar ...

SC Ventures, the fintech investment arm of the British bank Standard Chartered, will establish a Digital Asset Joint Venture investment company in the United Arab Emirates (UAE) in partnership with a Japanese financial conglomerate, SBI Holdings. In the press release from Nov. 9, Alex ...

Ultraviolet (UV) lights were the likely culptit behind the reported vision loss, eye pain and skin issues for at least 15 attendees of Yuga Labs’ ApeFest event in Hong Kong last week, the nonfungible token (NFT) conglomerate has confirmed.On Nov. 5, attendees began reporting eye and ...

Australian crypto exchange CoinSpot has reportedly been hacked for $2.4 million in a “probable private key compromise” over at least one of its hot wallets.According to a Nov. 8 post to his Telegram channel, blockchain sleuth ZachXBT highlighted two transactions entering the alleged hacker ...

Bitcoin mining firm Marathon Digital Holdings saw its revenue surge $670% year-on-year in the third quarter of 2023, amid a nearly five-fold increase in Bitcoin production.The results saw Marathon also swing to a quarterly profit, with $64.1 million of net income in the third quarter, acco ...

Binance’s arguments used in its motion to dismiss a lawsuit from the United States securities regulator relies on an incorrect legal analysis and have no basis in law, the regulator has argued.In a Nov. 7 court filing the SEC rebuffed Binance’s earlier bid to toss the regulator’s suit sayi ...

Crypto exchange Gemini newly announced measures to comply with the controversial crypto Travel Rule in the United Kingdom reflects a “worrying creep” toward overregulation and will strip customers of their freedom for self-custody, according to a Trezor analyst.On Nov. 7, crypt ...

Visa announced the launch of its new global AI advisory practice on Nov. 8. The consultation service will be part of Visa Consulting & Analytics (VCA) and, according to a press release, will focus on “providing actionable insights and recommendations to empower clients to unlock the potential ...

Linekong Interactive, a gaming and film production company headquartered in Beijing and listed on The Stock Exchange of Hong Kong (HKEX), is allocating $15 million to invest in projects building on the Bitcoin network.Wang Fang, the founder of Linekong, said in a Nov. 8 tweet tha ...

Cryptocurrency enthusiasts often argue that businesses need to start accepting crypto as payments for adoption to grow — boosting usability and potentially creating strong demand for these currencies.Some crypto communities often focus heavily on growing business adoption, with maps now co ...

Crypto exchange OPNX has obtained a virtual asset service provider license (VASP) in Lithuania, allowing it to provide spot crypto exchange services throughout the European Union, according to a Nov. 8 announcement seen by Cointelegraph.OPNX trading interface. Source: OPNXThe announcement ...

While the prevailing traditional financing models resulted in the crypto and blockchain sector raising billions of dollars over the years, they are not without weaknesses, according to Project Catalyst’s group product manager.At the recent Cardano Summit in Dubai, Kriss Baird, the pr ...

Trading platform Robinhood has revealed its intentions to expand into Europe in the coming weeks. The company is exploring establishing brokerage operations in the United Kingdom. It made this decision known on Tuesday, Nov 7.The commission-free trading app made this announcement as it rev ...

European cryptocurrency banking platform Bitwala, formerly known as Nuri, is coming back after ceasing operations and returning customer funds last year.Bitwala is relaunching operations under its original name, in partnership with the support of the banking infrastructure company known as ...

Crypto exchange Binance announced the launch of its new Web3 wallet at the Binance Blockchain Week conference in Istanbul, to be made available to all users via the Binance mobile app.During the launch, Changpeng “CZ” Zhao, CEO of Binance, revealed the intent behind launching the service: ...

United States tech investment firm Coatue Management has marked down the value of its stake in non-fungible token (NFT) platform OpenSea by 90%. On Nov. 7, The Information reported on a document it reviewed showing Coatue reduced its investment from $120 million to $13 million — ...

USD Coin (USDC) issuer Circle is contemplating an initial public offering (IPO) in early 2024, according to Bloomberg.A Nov. 7 Bloomberg report citing people with knowledge of the matter said the stablecoin issuer is talking to its advisers about the move but there’s no certainty the ...

A new crypto-lending platform dubbed Tokenet says it will service what it expects to be an influx of institutional clients following the potential United States approval of spot Bitcoin (BTC) exchange traded fund (ETF). The platform was launched by a team of executives who previously ...

Bitcoin (BTC) mining heavyweights Marathon Digital and Riot Platforms are among the most overvalued crypto mining companies relative to their competitors, says MinerMetrics founder and analyst Jaran Mellerud.The key metric backing Mellerud's claim is enterprise value-to-sales ratio — measu ...

The NEAR Foundation and Aurora allegedly reneged on an offer to convert $11 million worth of USN stablecoins, Wintermute founder and CEO Evgeny Gaevoy has claimed.In a Nov. 7 X (Twitter) post, Gaevoy claimed NEAR refused to honor a commitment to facilitate the sale of $11.2 million worth o ...

IBM announced the launch of a $500 million Enterprise AI Venture Fund on Nov. 7 that, according to the company, will be focused on “accelerating generative AI technology and research for the enterprise.”Focused on accelerati ...

Vietnamese Web3 coalition Ninety Eight, creator of the Coin98 decentralized finance (DeFi) ecosystem, has launched a $25 million ecosystem fund dedicated to accelerating Web3 startups in Asia.According to the Nov. 7 announcement, the fund will provide financial and strategic support for se ...

The Virtual Assets Regulatory Authority [VARA] is one of the earliest world regulatory bodies to release comprehensive crypto assets regulations to promote crypto-related activities in Dubai. Established in March 2022, VARA was created to promote the Emirate as a regional and international hub fo ...

Meta, the parent company of Facebook and Instagram, is not allowing political campaigns and advertisers to use its generative artificial intelligence (AI) advertising tools, a company spokesperson said in a Reuters exclusive report. On Nov. 6 Meta updated its help center to reflect th ...

The Simpsons roasts NFTs in new Halloween episodeAnimated television series The Simpsons spent an entire segment mocking nonfungible tokens (NFTs) during the latest 34th annual Treehouse of Horror Halloween special, in a segment called “Wild Barts Can’t Be Token.” ...

Ava Labs, the team behind the Avalanche Blockchain, has confirmed it laid off 12% of its employees in a recent wave of staff cuts, citing the need to reallocate its resources.The firm’s founder and CEO Emin Gün Sirer confirmed the news on Nov. 7 after several former Ava Labs emp ...

A United States lawmaker wants to strip the Securities and Exchange Commission chair Gary Gensler of his salary by paying him just $1 per year.In a proposed amendment to the Financial Services and General Government (FSGG), Rep. Tim Burchett suggested that Gensler’s salary be brought ...

Moody’s Analytics is launching a new stablecoin service that will use AI to predict probable depeggings “in a 24-hour time horizon” while providing real-time insights about stablecoin issuers’ liquidity and stability.The stablecoin market is getting stabler, Moody&r ...

Crypto exchange Binance's market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago.According to the November 6 report by blockchain analytics firm 0xScope, the exchange has lost one-third of its market share in the past 12 months. "Binance's spot trading volu ...

Telegram Wallet, a major Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has chosen custody over self-custody to chase easier onboarding goals, according to a senior executive.In July 2023, crypto-friendly Telegram messenger officially announced the integra ...

Several attendees of Yuga Labs’ ApeFest event on Nov. 4 in Hong Kong reported eye-related issues, including burns, damaged vision and “extreme pain” in their eyes.Yuga Labs’ official X account has now addressed the issue, claiming they are aware of the reports of po ...

Blockchain and artificial intelligence (AI) have long been paired to change how people view identity and verification. Between those innovations come data, described by experts as the new oil — extracted, amassed, refined, processed and turned into something useful.While most blockch ...

The Financial Services Commission (FSC) of Mauritius started collecting feedback from industry stakeholders and the general public regarding the inclusion of metaverse within the financial services industry.The FSC Mauritius dedicated the entire month of November to amass comments on the s ...

The metaverse may no longer have mainstream appeal to some global tech leaders compared to two years ago. However, weaknesses in the testing of the various investments and initiatives in the emerging technology may have resulted in some of them failing.On the sidelines of the recent Cardan ...

The London Stock Exchange Group (LSEG), the parent company of the London Stock Exchange and other fintech companies, has posted on LinkedIn that it's seeking a director of digital assets. LSEG says it is looking for candidates who have a “passion for and understanding of digital asset ...

Bankrupt crypto exchange FTX has requested the bankruptcy court in Delaware to allow it to sell certain key trust funds, including assets from crypto asset manager Grayscale and custody service provider Bitwise valued at around $744 million.In a court filing dated Nov. 3, FTX debtors reque ...

Enthusiasm surrounding a possible spot Bitcoin (BTC) exchange traded fund (ETF) isn’t just driving up the price of Bitcoin — it's also sparked a resurgence of enthusiasm for blockchain games, says Animoca Brands founder Yat Siu. Speaking to Cointelegraph at Hong Kong Finte ...

An upcoming Bitcoin (BTC) hashrate-backed product that could offer 10% to 13% returns shouldn’t be compared to failed products by BlockFi or Celsius as its returns come from proof-of-work, not “ponzi schemes,” claims the product’s creator Bitcoin mining firm Luxor Technolo ...

Attendees of a Yuga Labs’ ApeFest event on Nov. 4 in Hong Kong have reported burns, damaged vision and “extreme pain” in their eyes, which they attribute to the use of improper lighting.“Woke up in the middle of the night after ApeFest with so much pain in my e ...

Blockchain-based startups continue to gather funding during the current bear market, with MetaMask partner Blockaid raising $33 million in October. However, the overall funding in the crypto industry has dropped to levels last seen in 2020, amassing $2.1 billion over 297 deals in the third quarte ...

Elon Musk and his artificial intelligence startup xAI have released “Grok” — an AI chatbot which can supposedly outperform OpenAI’s first iteration of ChatGPT in several academic tests.The motivation behind building Gruk is to create AI tools equipped to assist huma ...

Almost $600,000 in Bitcoin (BTC) has been stolen from users who downloaded a fake Ledger Live application on Microsoft’s app store, according to cryptocurrency sleuth ZachXBT.The on-chain analyst spotted the scam, “Ledger Live Web3” on Nov. 5, which is tricking users into ...

Cryptocurrency exchange Bitfinex said it suffered a “minor” information security incident after one of its customer support agents was hacked earlier in the week (Oct. 30 — Nov. 5).It led to a spree of phishing attacks against Bitfinex users but little damage was done, th ...

Should the current rate of adoption continue, blockchain technology could have 100 million daily users by 2028, according to projections by Bloomberg Intelligence analyst Jamie Coutts. On X (formerly Twitter), Coutts pointed out that blockchain adoption has been "unabated" throughout ...

The crypto industry continues to anticipate the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States as more investment managers file amended applications with the Securities and Exchange Commission (SEC).The high level of anticipation has even caused the Chicago Merc ...

The United States Supreme Court has taken up a legal dispute concerning Coinbase and its users, specifically addressing a significant procedural matter on whether a judge or an arbitrator should decide which contract governs disputes.According to a report from Bloomberg, this issue stems f ...

Some of the largest United States banks are not able to facilitate customers deposits after one of the Federal Reserve’s payment systems suffered an outage on Nov. 3.The Federal Reserve said the bug was caused by a "processing issue" in the Automated Clearing House — a payment ...

Advisers for bankrupt crypto exchange FTX have been disclosing data from customers’ transactions and accounts with the Federal Bureau of Investigation (FBI), according to court documents seen by Bloomberg. In response to subpoenas issued by several FBI field offices during the past fe ...

China-based BTC Digital announced the purchase of 220 new Bitcoin (BTC) mining units on Nov. 3, bringing its total number of machines to 2,174, with over 230PH/s of computing power. The new acquisitions are expected to become operational by the end of the month.The deal was made with &ldqu ...

Sam Bankman-Fried was found guilty of all seven counts of fraud and conspiracy to commit fraud in the late hours of Nov. 2. The jury delivered its verdict in less than 10 minutes after nearly 4 hours of deliberation, leaving his parents to fall silent in the crowded courtroom at the Southern Dist ...

Web3 has been gaining ground in mainstream industries with the rise of Web3 business models based around nonfungible tokens (NFTs), blockchain technology and crypto. But it’s still an open question whether it’s actually improving mainstream industry and products. According ...

A new malware discovered on Apple’s macOS — tied to the North Korean hacking group Lazarus — has reportedly targeted blockchain engineers of a cryptocurrency exchange platform.The macOS malware “KandyKorn” is a stealthy backdoor capable of data retrieval, dire ...

Sam Bankman-Fried is back in his federal prison cell in Brooklyn after being found guilty for all seven charges in his criminal trial. His lawyers however, say the fight isn’t yet over.Bankman-Fried’s attorney Mark Cohen said in a Nov. 2 statement that Bankman-Fried “main ...

Individual creators and brands will ultimately determine the future of the metaverse, as opposed to any centralized entity, according to the co-founders of The Sandbox.On Nov. 3, the team behind the Ethereum-based metaverse launched The Sandbox Map, allowing “LAND” owners to pu ...

Former FTX CEO Sam Bankman-Fried has been found guilty of all of the seven charges in his criminal trial by a jury in New York.Bankman-Fried was found guilty of two counts of wire fraud and two counts of wire fraud conspiracy along with one count of securities fraud, one count of commoditi ...

Cryptocurrency exchange Coinbase narrowed its net loss to $2 million in the third quarter, as notched a year-on-year increase in revenue despite lower trading volumes. The firm’s net loss in Q3 was trimmed from a $545 million net loss in the prior year period, according to a Nov. 2 e ...

Marathon Digital has begun mining Bitcoin (BTC) using power generated from methane gas siphoned off a landfill. The 280-kW off-grid pilot project is operating in Utah.Marathon teamed up with Nodal Power on the project. Nodal Power was launched in November 2022 and produces energy from land ...

Closing arguments for the criminal trial of Sam Bankman Fried (SBF), the disgraced founder of crypto exchange FTX, have officially concluded with U.S. Southern District of New York Judge Lewis Kaplan moving to jury instructions.As per the indictment from last December, Bankman-Fried faces ...

The government presented its rebuttal against Sam Bankman-Fried on Nov. 2 in response to statements made by his defense during the closing arguments a day earlier.A jury of 12 will receive final instructions in the Southern District Court of Manhattan on Nov. 2, with a verdict expected by ...

The Swiss National Bank (SNB), six commercial banks and the SIX Swiss Exchange will work together to pilot the issuance of wholesale central bank digital currencies (CBDCs) in the nation, officially known as the Swiss franc wCBDC.The pilot project dedicated to wholesale CBDC, named Helveti ...

Tether (USDT) stablecoin issuer is raising the bet on Bitcoin (BTC) mining by issuing a major debt facility to German-based BTC mining company Northern Data AG.Northern Data AG has secured a 575 million euro ($610 million) debt financing facility from Tether to drive further investments ac ...

On November 2, Sky Mavis, the developer behind the popular monster-battle nonfungible tokens (NFT) game Axie Infinity, announced a partnership with Korean gaming studio Act Games, to bring a variety of Japanese video game franchises to its native Ronin blockchain.In an email seen by Cointe ...

While the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) will likely spike the price of Bitcoin, some analysts are concerned it won’t be enough to fully thaw the markets from its winter chill. On Oct. 24 Bitcoin staged its largest single day rally in over a year, su ...

Business intelligence firm MicroStrategy has notched a paper gain of $900 million on its stack of 158,400 Bitcoin, spurred by optimism over the potential approval of spot Bitcoin exchange-traded funds.The Michael Saylor-founded firm added 6,067 Bitcoin (BTC) since the third quart ...

Federal prosecutors claimed Sam "SBF" Bankman-Fried “doubled down” on the use of customers’ funds when he purchased Binance’s $2 billion stake in FTX in 2021. According to U.S. government attorneys, Bankman-Fried paid for the buyout with funds from FTX customers.The prosecution is deliveri ...

Payment processor Visa has completed the Hong Kong Monetary Authority's central bank digital currency (CBDC) Pilot Programme with HSBC and Hang Seng Bank.According to the November 1 announcement, the e-HKD Programme involves tokenization of deposits, where the money deposited with a bank i ...

Iris-scanning project Worldcoin has reached a new milestone, as its mobile World App has now been downloaded over 4 million times, according to a November 1 blog post from the project’s team. If this number is eventually confirmed by Coingecko, it could place World App in sixth place in Coi ...

Sam "SBF" Bankman-Fried’s trial has entered the final stages, with the prosecution delivering its closing arguments in the case on Nov. 1.Closing arguments are the last opportunity for lawyers to convince the jury and judge that they should win the case. Prosecutors had previously estimate ...

Decentralized peer-to-peer lending protocol Onyx Protocol lost roughly $2.1 million in an exploit of a market with no liquidity that was deployed on Oct. 27. The Onyx Protocol hacker exploited a known bug, a rounding issue behind the popular CompoundV2 fork, explained blockchain inves ...

Footwear has long been a critical element of culture and fashion worldwide. For some, shoes exist only to protect one’s feet from the elements; but for others, they are the most critical part of a wardrobe. Sneakers, in particular, have developed a cult following, with some ultra-rare pairs selli ...

The crypto wallets linked to now-defunct crypto exchange FTX and its sister trading firm Alameda Research have sent over $13 million in different altcoins to numerous crypto exchanges early on Nov. 1.According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferre ...

Artificial intelligence developers heavily rely on illegally scraping copyrighted material from news publications and journalists to train their models, a news industry group has claimed.On Oct. 30, the News Media Alliance (NMA) published a 77-page white paper and accompanying submission t ...

Amir Bruno Elmaani, the 31-year-old founder of the now-defunct cryptocurrency scheme Oyster Protocol has been handed the maximum sentence of four years in prison for tax evasion.The United States Attorney’s Office said on Oct. 31 that Elmaani — also known by the alias “Bruno Block” — was s ...

The teams behind the Floki protocol and Bitget crypto exchange have accused each other of market manipulation after the protocol’s token, TokenFi (TOKEN), was listed and delisted by Bitget. This is according to an October 31 social media post from the Floki team and a blog post from Bitget.  ...

Stablecoin issuer Circle will close out consumer or individual accounts on November 30, according to emails received by Circle customers on October 31. In an email to Cointelegraph, the stablecoin issuer confirmed that it is closing the accounts but confirmed that business and institutional &ldqu ...

The reserves for stablecoin issuer Tether contained approximately 86% cash and cash equivalents as of September 30, according to a new attestation report from accounting firm BDO. This is the highest percentage of cash and cash equivalents that have ever made up Tether’s reserves. ...

The ongoing criminal trial involving FTX founder Sam Bankman-Fried (SBF) will move into closing arguments on November 1. On Day 15 of the SBF trial, lead defense attorney Mark Cohen's request for acquittal was denied by presiding judge Lewis Kaplan. Instead, the case will move to clos ...

Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, claims that spending clients' fiat deposits was just part of "risk management" for his intertwined crypto hedge fund Alameda Research.During the former crypto executive's court testimony on October 31, prosecutor Danielle ...

The German technology company Siemens has partnered with Microsoft and announced its new generative artificial intelligence (AI) -powered assistant the Siemens Industrial Copilot. On Oct. 31, the companies revealed the AI assistant to promote “human-machine collaboration” and enhance ...

Attorneys representing former FTX CEO Sam Bankman-Fried have written another letter to the presiding judge, seeking changes to the jury instructions. In the letter addressed to Judge Lewis Kaplan, the defense attorneys requested that the jury consider the role of English law in governing FTX’s te ...

The crypto world is volatile, with users steadily seeking a sense of trust and security. Now, a traditional finance giant, MultiBank Group, wants to change the global perception of crypto for the better with its know-how and expertise spanning over two decades.It’s hard to claim tha ...

Artists have been dealt a setback in their copyright fight against generative AI firms after a class-action lawsuit against several of the firms was dismissed by a United States judge, citing a lack of evidence.In an Oct. 30 order, California District Court Judge William Orrick said the co ...

The Hong Kong Monetary Authority (HKMA) is gearing up for the second phase of the e-HKD (e-Hong Kong dollar) pilot program as it announced the successful completion of the Phase 1 trial of its in-house central bank digital currency (CBDC). The HKMA launched the e-HKD pilot program in ...

Elon Musk’s social media platform, X (formerly Twitter), is worth less than half of what the tech billionaire bought it for in October last year, an internal memo has reportedly revealed.According to an Oct. 30 report from Bloomberg, the internal memo and sources familiar with the ma ...

Billionaire investor Stanley Druckenmiller praised Bitcoin (BTC) for establishing a “brand” over last decade and half — admitting while he doesn’t own any Bitcoin, he ought to. The billionaire shared his latest thoughts on Bitcoin in an Oct. 30 interview with hedge ...

Despite publicly supporting drafting crypto regulation to protect customers, disgraced crypto exchange FTX founder Sam Bankman-Fried (SBF) appears to have shared a deep disdain for regulators.During the ongoing FTX criminal trial, Assistant U.S. Prosecutor Danielle Sassoon inquired if the ...

The Chicago Mercantile Exchange (CME), a regulated Bitcoin (BTC) Futures exchange, now stands just behind Binance in terms of notional open interest (OI) to rank second in the list of BTC futures exchanges.CME’s OI hit $3.58 billion earlier on Oct. 30, pushing the regulated derivatives exc ...

Web3 games developer Animoca Brands and Saudi Arabia’s NEOM Investment Fund announced a new partnership on Oct. 30 to drive Web3 development in the region. According to the announcement, the new deal will have Animoca working with NEOM to build Web3 enterprise service capabilities. Th ...

To track down and counter the sudden disappearance of tokens from crypto wallets requires investors to know the various ways bad actors use to steal cryptocurrencies successfully. Blockchain investigator Bitrace has identified three effective ways hackers gain access to crypto in ...

Posts corrected by X’s community-driven fact-checking feature will be “ineligible for revenue share,” to stem the flow of misinformation and sensationalism, says Elon Musk. In an Oct. 29 X post, the executive chairman said misleading or inaccurate posts “corrected&r ...

El Salvador president Nayib Bukele has filed paperwork to be re-elected in the country’s upcoming 2024 presidential election in February.Bukele, a Bitcoin advocate, received strong support from the public on Oct. 26 after he was officially nominated by his party to run for re-electio ...

Stablecoin Tether (USDT) has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country, according to data from Brazil’s revenue service agency. As of mid-October, USDT transactions in Brazil this year amounted to $271 billion ...

El Salvador can follow Singapore’s lead and become a financial center in the Americas, according to  Gabor Gurbacs, strategy advisor of investment management firm VanEck.“I say often to portfolio managers and asset allocators that El Salvador has the potential to become th ...

Sam “SBF” Bankman-Fried took the stand this week to testify in his ongoing criminal trial in the Southern District of New York, denying any wrongdoing between FTX and Alameda Research, while acknowledging making "big mistakes" during the companies’ fast-paced growth.  ...

Crypto lender BlockFi announced its emergence from insolvency this week, just a few days after FTX announced that it successfully reclaimed approximately $7 billion in assets. FTX debtors, comprising FTX and affiliates, estimate that $8.7 billion has been misappropriated from customers. BlockFi h ...

Google has doubled down on its artificial intelligence bets by investing another $2 billion into AI startup Anthropic, according to a new report.Google invested $500 million upfront into Anthropic, a rival to ChatGPT creators OpenAI, and will pay off the remaining $1.5 billion over time, a ...

The Wall Street Journal (WSJ) has partially corrected an article which mischaracterized the extent to which Hamas and other militant groups have been funding its terrorism activities with cryptocurrencies.The Oct. 10 article — titled “Hamas Militants Behind Israel Attack Raised ...

Kraken will suspend all transactions related to USDT, DAI, WBTC, WETH, and WAXL in Canada in November, according to multiple customer emails shared with Cointelegraph.In response to a request for comment from Cointelegraph, a Kraken spokesperson said, via email, “we constantly monitor the ...

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi was filled with bullish resurgences for many projects, but it was the Uniswap fou ...

Elon Musk’s venture, X (formerly known as Twitter), aims to position itself as a central financial hub, encouraging individuals to consider using X as their primary financial solution instead of traditional bank accounts for various financial requirements.According to reports, during ...

Binance co-founder and CEO Changpeng “CZ” Zhao has seen his net worth slashed by $11.9 billion amid falling trading volumes at his exchange.On Oct. 26, the Bloomberg Billionaires Index cut Binance’s revenue estimates by 38% amid a slump in exchange volumes which knocked Zhao down to 95th p ...

A United States district court judge has ordered nonfungible token (NFT) artists Ryder Ripps and Jeremy Cahen to pay Bored Ape Yacht Club creator Yuga Labs a total of $1.57 million in disgorgement and damages, along with legal fees, bringing an end to the long-running “copycat” NFT la ...

Chinese blockchain personality Justin Sun, who also serves as the de facto owner of crypto exchange HTX (formerly Huobi Global), claims that the firm posted a profit of $98 million in Q3 2023.According to the October 26 thread, Sun says that HTX generated a total of $202 million in revenue ...

Disgraced FTX founder Sam “SBF” Bankman-Fried tried to explain his rationale for deleting corporate messages during a closed-door testimony without the presence of the trial’s jury on Oct. 26. When prompted as to why he started using corporate communications on the encrypted messaging ...

Bitmain, a major global manufacturer of Bitcoin (BTC) application-specific integrated circuits (ASIC), has officially released its new air-cooled BTC miner, Antminer T21.Bitmain took to Twitter on Oct. 26 to announce the world premiere of the new Antminer T21, the firm’s new air-cooling mi ...

The United States Securities and Exchange Commission (SEC) chief Gary Gensler’s speech before the 2023 Securities Enforcement Forum shed light on the regulatory body’s enforcement actions that led to $5 billion in judgments and orders. However, Gensler’s dig at the cryptocurrency market became a ...

The Web3 industry continues its mission to disrupt the World Wide Web, and social media is one of its primary targets. In the 34th episode of Cointelegraph’s Hashing It Out, host Elisha Owusu Akyaw interviews Ryan Li, co-founder of CyberConnect, about the concept of decentralized social media.&nb ...

Global payment giant Mastercard continues exploring cryptocurrency benefits through a new collaboration with crypto payment platform MoonPay.MoonPay officially announced on Oct. 25 a partnership with Mastercard aiming to jointly explore how Web3 tools can improve experiential marketing, or ...

Sam Bankman-Fried will be no match for government prosecutors who will poke holes in his defense when he takes the stand in his criminal trial, says SkyBridge Capital founder Anthony Scaramucci.In an Oct. 25 interview on CNBC’s “Last Call,” Scaramucci said the Department of Justice prosecu ...

Bankrupt crypto exchange FTX is looking to demand information on millions of dollars in payments it had previously given to a nonprofit AI safety organization — the Center for AI Safety (CAIS).In an Oct. 25 bankruptcy court filing, the lawyers helming FTX claimed the firm gave $6.5 million ...

More than $280 billion has been wiped from the “magnificent seven” tech stocks following the release of several earnings reports on Oct. 25, triggering fears of a looming tech recession.The so-called “magnificent seven” refers to the top seven blue-chip tech firms i ...

Crypto-promoting firms have breached the United Kingdom’s new crypto marketing rules at least 221 times since coming into force in early October, says the country’s financial regulator. In an Oct. 25 statement, the U.K. Financial Conduct Authority (FCA) said since the Oct. 8 cr ...

Blockchain forensic firm Elliptic says there’s “no evidence” that Hamas is receiving a significant volume of cryptocurrency donations to fund its attacks against Israel.“There is no evidence to support the assertion that Hamas has received significant volumes of cry ...

Asset manager Hashdex recently held a meeting with the U.S. Securities and Exchange Commission to address the regulator's concerns about its application to allow the Hashdex Bitcoin Futures exchange-traded fund (ETF) to hold spot Bitcoin, a source familiar with the matter told Cointelegraph.  ...

A company is petitioning former Ripple chief technology officer Stefan Thomas for a hard drive containing more than 7,000 Bitcoin (BTC) that he has been unable to access for years.In an Oct. 25 open letter, crypto recovery firm Unciphered offered to unlock an IronKey hard drive belonging t ...

Wallets linked to bankrupt crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in five hours on October 24-25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the ...

Bitfinex Securities, a platform focused on listing real-world tokenized securities has announced its first tokenized bond that will be listed later in November this year. The new tokenized bond called ALT2611 is a 36-month, 10% coupon bond, denominated in USDT and issued by Mikro Kapital, one of ...

The crypto community on X (formerly known as Twitter) has been thrown into a series of guessing games by a couple of cryptic posts made by prominent individuals.One of these posts was made by David Schwartz, Ripple’s chief technical officer (CTO). He published a  picture of ...

On Oct. 8, the United Kingdom’s Financial Conduct Authority (FCA) imposed new marketing rules compelling cryptocurrency firms to promote their products and services clearly, fairly and transparently. From banning referral bonuses to crypto firms implementing a 24-hour cooling-off peri ...

The United States Securities and Exchange Commission has fined investment adviser BlackRock Advisors $2.5 million, accusing it of failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it managed.Acc ...

FTX Trading Ltd., formerly a prominent player in the cryptocurrency exchange sector, is carefully considering its future after going through bankruptcy proceedings. According to a report, during a court hearing in Wilmington, Delaware, Kevin M. Cofsky, the company's investment banker ...

The United States Securities and Exchange Commission overstepped its authority when it classified Coinbase-listed cryptocurrencies as securities, the exchange has argued in its final bid to dismiss a lawsuit by the securities regulator.In an Oct. 24 filing in a New York District Court, Coi ...

Despite swirling rumors on social media, ARK Invest’s spot Bitcoin (BTC) exchange-traded fund (ETF) does not appear to be listed on the Depository Trust and Clearing Corporation’s (DTCC) website.On Oct. 25, numerous high-profile crypto accounts on X (Twitter), including Mike Al ...

Bitcoin’s (BTC) price will increase 74.1% in the first year after spot Bitcoin exchange-traded funds (ETFs) are launched in the United States, according to estimates from crypto investment firm Galaxy Digital.In an Oct. 24 blog post, Galaxy Digital research associate Charles Yu estima ...

The ticker for BlackRock's spot Bitcoin (BTC) exchange-traded fund (ETF) IBTC has reappeared on the Depository Trust and Clearing Corporation’s (DTCC) website after disappearing for a few hours.The price of Bitcoin surged to new yearly highs following the Oct. 23 surprise appearance ...

Crypto lending platform BlockFi has emerged from bankruptcy and is ready to pay back some of its creditors, according to an October 24 blog post. Withdrawals “are currently available to nearly all Wallet customers,” the post stated, adding that Blockfi Interest Account (BIA) and Loan ...

Cryptocurrency advocacy group DeFi Education Fund (DEF) has urged a United States court to consider the unique aspects of blockchain technology when evaluating the privacy rights of cryptocurrency users under the Fourth Amendment.DEF filed an amicus brief to the U.S. Court of Appeals (Firs ...

Uniswap founder Hayden Adams burned 99% of the HayCoin (HAY) supply on Oct. 20, according to an announcement on X (formerly Twitter). The majority of the tokens have been removed from circulation due to Adams’ concerns about price speculation over the previous days.Adams deployed the ...

Following the launch of Patricia token (PTK) issued to customers to manage users’ debt by Patricia, a Nigerian cryptocurrency exchange, the chief executive officer of the exchange (CEO), Fejiro Hanu, has confirmed that customers now have the option to convert their owed funds into Patricia ...

Microsoft looks set to go all-in on artificial intelligence, with CEO and chairman Satya Nadella outlining intentions to integrate AI with essentially all its customer solutions and every layer of tech stacks. The firm has made several significant AI plays in 2023, with its partnership wit ...

Binance Visa debit card services will close down in the European Economic Area (EEA) on December 20, according to an announcement by the cryptocurrency exchange on Oct. 20. Binance accounts will be unaffected.According to a Binance letter to customers posted online, the Binance card issuer ...

Sam Bankman-Fried instructed FTX's former general counsel Can Sun to "come up" with any legal explanation for the $8 billion hole in Alameda Research's books, according to Sun's testimony in court on Oct. 19.Sun flew from Japan to testify in the ongoing trial as part of his non-prosecution ...

The digital era is in full swing, and with it comes a surge of opportunities that promise to redefine the business landscape. The buzz around blockchain technology and Web3 functionalities is real and for a good reason.They are not just buzzwords but gateways to unparalleled securit ...

Popular social network platform Reddit announced the wind-down of its blockchain-based community points program on Oct. 17 citing scalability issues. The announcement created controversy in the crypto community with many calling it a rug-pull as the price of the native token on different subreddi ...

Tether Holdings, the issuer of the world’s largest stablecoin by market capitalization, Tether (USDT), is reportedly preparing to update the frequency of releasing its reserve data reports.Paolo Ardoino, Tether’s chief technical officer and upcoming CEO, disclosed that the firm plans to st ...

Blockchain company LBRY Inc. — the creators of the LBRY blockchain — has issued its final message to the crypto, citing “several million dollars” of debts that have now made it impossible for the firm to continue.“This will be our last post,” said the LB ...

Crypto exchange Binance has announced it has onboarded new partners to handle euro deposits and withdrawals, months after losing its previous fiat partner PaySafe in September. In an Oct. 19 statement, Binance announced that it had signed agreements with new fiat partners for euro pay ...

Over two dozen former employees of Ethereum infrastructure firm ConsenSys have filed a fresh lawsuit against the firm’s founder and CEO, Joseph Lubin, over claims he diluted employee equity shares against earlier promises.The former staff allege that Lubin — who is also a co-founder of Eth ...

Coinbase layer-2 network Base has announced it has open-sourced its code repositories and smart contracts to increase transparency and accountability while simultaneously allowing public contributions to the project. In an Oct. 19 blog post, Base announced that as of today, developers ...

American venture capitalist Tim Draper issued a warning on social media that scammers are attempting to con crypto users using an artificial intelligence (AI) voice generator.In an Oct. 19 post on X (formerly Twitter), Draper warned his roughly 254,000 followers to be mindful of “thi ...

The Depository Trust & Clearing Corporation (DTTC) has signed an agreement to acquire Securrency, a digital asset infrastructure developer. The acquisition will allow DTCC to embed digital assets gradually in its existing products and services, it said. Terms of the deal were not disclosed. I ...

It’s been a challenging quarter for crypto, Binance has confirmed in its Q3 market pulse report. The market was down in many sectors, the report found, although the entry of institutional players such as Deutsche Bank, Sony and PayPal helped offset some of the pain. The global c ...

Hacked cryptocurrency wallet Atomic Wallet has frozen $2 million in “suspicious deposits” in a joint effort with major crypto exchanges.Announcing the news to Cointelegraph on Oct. 19, Atomic Wallet said that blockchain intelligence firms Chainalysis and Crystal have assisted the wallet fi ...

Major cryptocurrency investment firm Grayscale has filed a new application with the Securities and Exchange Commission (SEC) for a new spot Bitcoin (BTC) exchange-traded fund (ETF).Grayscale on Oct. 19 submitted an S-3 form registration statement with the SEC intending to list the shares o ...

Ras Al Khaimah ruler Sheikh Saud bin Saqr Al Qasimi inaugurated the new RAK Digital Assets Oasis (RAK DAO), an economic free zone dedicated to supporting companies involved in digital and virtual assets, blockchain, Web3, and artificial intelligence (AI), on Oct. 19.As previously reported ...

India’s state-run refiner Hindustan Petroleum (HPCL), one of India’s largest oil and gas companies, is launching a blockchain system to enable automated verification of purchase orders (POs).HPCL has partnered with the blockchain software firm Zupple Labs to integrate its blockchain-based ...

Stéphanie Cabossioras has stepped down from her role as the executive director of Binance France, becoming at least the 10th senior executive to leave Binance this year.In an Oct. 19 post on X (formerly known as Twitter), Binance France resident David Prinçay confirmed Caboss ...

Electric vehicle maker Tesla made no changes to its sizeable Bitcoin (BTC) holdings for the fifth quarter in a row. However, it has directed more funds to double its computing capacity amid artificial intelligence (AI) efforts.Tesla’s Q3 2023 results released on Oct. 18 show as of Sept. 30 ...

Bitcoin layer-2 infrastructure firm Lightning Labs has released the mainnet alpha of Taproot Assets, a protocol aimed at enabling stablecoins and real-world assets to be issued on the Bitcoin and Lightning Network.The current version, Taproot Assets v0.3, will provide a “feature ...

OpenAI, the maker of popular artificial intelligence (AI) chatbot ChatGPT, and Dubai-based technology holding group G42 announced a new partnership on Oct. 18 to expand AI capabilities in the Middle East region. The two companies plan to leverage OpenAI’s generative AI models in secto ...

Yuga Labs, a company behind the major nonfungible token (NFT) project, Bored Ape Yacht Club (BAYC), has completed restructuring amid the ongoing challenges in the industry.Yuga Labs CEO Daniel Alegre took to X (formerly Twitter) on Oct. 17 to report that the company has finalized its restr ...

Public attitude towards cryptocurrency in Hong Kong has taken a dive following the JPEX crypto exchange scandal, according to the initial findings of a new survey.The survey, conducted by The Hong Kong University of Science and Technology’s business school, was to understand how publ ...

The use of cryptocurrency by Hamas militants to fund recent attacks on Israel may have set back Coinbase’s crypto lobbying efforts in the United States, says a new investment report from Berenberg Capital Markets. In an Oct. 18 research note, Berenberg lead analyst Mark Palmer said th ...

Reddit has said it will soon shutter its long-running, blockchain-based rewards service “Community Points,” citing scalability concerns. In an official Oct. 17 announcement in the r/cryptocurrency subreddit, a Reddit team member said while the platform saw “some futu ...

Developers of Ethereum layer-2 nonfungible tokens (NFT) scaling solution Immutable (IMX) will delay the vesting of 125 million IMX in token rewards, worth $67 million at the time of publication, to July 2024.According to the October 17 announcement by Robbie Ferguson, Immutable's co-founde ...

Russia’s largest telecommunications firm MTS claims that it will launch an advertising service targeting Russian Telegram users, while the social messaging application denies that it has any agreements in place.The company made the announcement on Oct. 17, outlining the launch of advertisi ...

The Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) released a consultation paper on Oct. 17, proposing to make it compulsory for banks to disclose their crypto exposure. The Basel Committee comprises central banks and financial authorities from 28 ju ...

The fintech company Ripple released a new job posting on Oct. 16 for the role of ‘Shareholder Communications Senior Manager,’ across multiple locations in and outside the United States. The job posting prompted many crypto enthusiasts to label it as an official hint about the company& ...

VitaDAO, a decentralized collective dedicated to early-stage longevity research, funded the launch of a biotech company, Matrix Biosciences, dedicated to the treatment of cancer and aging diseases.The initial discussions around the use of high molecular weight hyaluronic acid (HMW-HA) for ...

The United States-based cryptocurrency exchange Coinbase is removing dozens of trading pairs in order to improve liquidity on its platform.Coinbase has suspended 80 non-USD trading pairs, including those with cryptocurrencies like Bitcoin (BTC), stablecoins like Tether (USDT) and fiat curr ...

Stablecoin TrueUSD (TUSD) announced a potential leak of certain Know Your Customer (KYC) and transaction history data as one of TrueCoin’s third-party vendors got compromised. TrueCoin was the operator of the TUSD stablecoin till July 13, 2023. On Oct. 16, a third-party vendor&r ...

Nonfungible token (NFT) artist Ryder Ripps’ most recent attempt to dismiss the Bored Ape Yacht Club-related lawsuit against him appears to have fallen on skeptical ears.In an Oct. 17 hearing, three judges from the United States Court of Appeals for the Ninth District appeared largely unper ...

Customers of bankrupt crypto exchange FTX and FTX US could see over 90% of assets returned to them by the end of the second quarter of 2024 after a proposed settlement was reached between FTX creditors and debtors.On Oct. 17, FTX debtors said they reached a “major milestone” in ...

Dear Cointelegraph readers,We are incredibly grateful for the support and trust you have placed in our publication over the last 10 years. We strive to deliver the most thoughtful, engaging and impactful news affecting the cryptocurrency space.Earlier today, during routine coverage, ...

Crypto exchange Binance will stop accepting users in the United Kingdom as of 5 p.m. local time on Oct. 16.According to Binance's announcement, the move came after the country's Financial Conduct Authority (FCA) imposed legally binding requirements on its partner Rebuildingsociety.com ...

While critics wrote off much of the initial hype surrounding the tokenized real-world asset (RWA) market, the sector has been on a tear over the past year or so. In fact, Boston Consulting Group expects the tokenization of global illiquid assets to be a $16 trillion industry by the end of the dec ...

Troubled cryptocurrency platform Haru Invest is planning to suspend its server a few months after halting withdrawals in June 2023.Haru Invest is thinking of shutting down its server in order to reduce the server maintenance costs of services, Haru Invest CEO Hugo Lee announced on Oct. 16. ...

Australian crypto exchanges have praised plans from the Australian Treasury to regulate cryptocurrency exchanges under pre-existing financial services licensing measures.In an Oct. 16 consultation paper, the Treasury outlined a new suite of proposed regulations, that suggested regulating c ...

Grayscale’s Bitcoin investment vehicle, Grayscale Bitcoin Trust (GBTC) is trading at its lowest discount in nearly two years, as spot Bitcoin ETFs continue to inch toward potential approval in the United States. The latest data from YCharts shows GBTC’s discount to Bitcoin net ...

FTX co-founder Sam Bankman-Fried has asked a United States judge for long-release Adderall, saying he’s finding it hard to concentrate properly during his criminal trial.In an Oct. 15 letter to New York District Judge Lewis Kaplan, Bankman-Fried’s lawyers asked if Bankman-Fried ...

The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment Institution (MPI) license in Singapore.On Oct. 16, Upbit Singapore said the Monetary Authority of Singapore (MAS) gave the in-principle license nod, allowing i ...

The Australian federal government may soon require cryptocurrency exchanges to hold a financial services license issued by the local financial regulator, the Australian Securities and Investment Commission (ASIC). In the newly-unveiled “Regulating digital asset platforms” consultation ...

Google has announced its commitment to protect users of generative artificial intelligence (AI) systems within its Google Cloud and Workspace platforms in cases where they face allegations of intellectual property infringement. This move aligns Google with other companies like Microsoft, Adobe, and ...

Caroline Ellison, the former romantic partner of Sam "SBF" Bankman-Fried, the founder of FTX and former CEO of Alameda Research, claimed in her courtroom testimony that SBF bribed Chinese officials with a $150 million bribe to unfreeze $1 billion in funds locked in local exchanges. These funds, belo ...

Binance, one of the largest cryptocurrency exchanges, is expanding its self-transaction prevention (STP) function to prevent unnecessary trading fees associated with unintentional self-trades. The STP functionality will be fully rolled out for all users of spot and margin trading on Binance's platfo ...

The North American Securities Administrators Association (NASAA) has filed an amicus curiae in support of the U.S. Securities and Exchange Commission (SEC) in its lawsuit against Coinbase. The NASAA argued that digital assets should not be treated as "somehow special" and that the SEC's actions agai ...

Hut 8, a Canadian Bitcoin (BTC) mining company, continues to accumulate self-mined BTC despite a merger deal with US Bitcoin (USBTC). In September 2023, Hut 8 mined 111 Bitcoin, bringing its self-mined BTC reserves to 9,366 Bitcoin. While this represents an 8% increase from the previous month, it is ...

Canadian startup Tenstorrent has entered into a partnership with Samsung's chip manufacturing division, marking a significant development in the AI chip industry. The collaboration aims to bring the next generation of AI chiplets to market, revolutionizing chip production for data centers. The partn ...

Recent developments in Hong Kong are poised to breathe new life into the cryptocurrency scene in East Asia. This region has faced significant challenges, primarily due to China's comprehensive ban on cryptocurrency trading activities that have been in place since 2019. However, the tide may be turni ...

Effective altruism, an ethical philosophy that encourages people to make as much money as possible to give it away later for charitable purposes, played a role in the decision-making processes at crypto exchange FTX, leading to what some described as "increasingly risky and ridiculous" actions. Adit ...

The former CEO of FTX, Sam Bankman-Fried, is scheduled to appear in court for a criminal trial lasting approximately 21 days. The trial is set to commence on October 4 and conclude on November 9, according to a recently released trial calendar. The calendar includes jury selection beginning on Octob ...

Coinbase International Exchange, holding a class F license from the Bermuda Monetary Authority (BMA), has announced that it has obtained additional regulatory approval to offer perpetual futures trading to non-US retail customers. Coinbase International had previously launched crypto derivatives ...

Prominent cryptocurrency influencer Ben Armstrong, previously known as BitBoy, found himself in a dramatic situation as he was arrested while live-streaming outside the residence of a former business associate. Armstrong accused the associate of possessing his Lamborghini. The incident unfolded afte ...

Nansen, a well-known crypto and blockchain analytics company, has reported a security breach involving one of its third-party vendors, affecting 6.8% of its users. The breach granted hackers access to admin rights for an account used to provision customer access to the Nansen platform. While Nans ...

Cryptocurrency enthusiasts with the right skills and knowledge can build their own DIY cryptocurrency hardware wallet similar to a Trezor, an open-source hardware wallet. Florin Cocos, an electronics design manager, successfully created his DIY Trezor Model One using open-source code in 2018, even w ...

Alchemy Pay, a cryptocurrency payment gateway, is expanding its global presence with the acquisition of a major payment license in the United States. The company has successfully secured a Money Transmitter License in the state of Arkansas, according to an announcement made to Cointelegraph on Se ...

In South Korea, a recent report from the country's tax organization, the National Tax Service (NTS), highlights the dominance of cryptocurrencies like Bitcoin (BTC) among reported overseas assets. The NTS issued an official announcement on September 20, revealing that 1,432 individuals and corpor ...

Creditors of the troubled crypto lender Celsius Network are facing an increased risk of phishing attacks as the lender's bankruptcy proceedings near their conclusion. Reports on social media have indicated a rise in phishing attacks by scammers pretending to be Stretto, the bankruptcy services pl ...

Crypto giant Coinbase seems to be strategically steering its ship amid constant crypto industry turbulence in 2023. The company recently unveiled its lending platform for institutional investors, aiming to fill the void left behind by major players during 2022’s crypto winter, when firms su ...

On this week's episode of “Macro Markets,” Cointelegraph analyst Marcel Pechman delves into a thought-provoking discussion on the United States Federal Reserve’s financial woes. Pechman opens by highlighting how the Fed is grappling with staggering losses and emphasizes a fundamental macroec ...

Financial technology firm Ripple is expanding its portfolio of regulatory licenses in the United States with the acquisition of Fortress Trust, according to an announcement on Sep. 8. Fortress Trust provides regulatory and technology infrastructure for blockchain organizations. The co ...

Nasdaq announced that the United States Securities and Exchange Commission (SEC) has approved its request to operate the first exchange AI-driven order type on Sep. 8.Called the dynamic midpoint extended life order (M-ELO), the new system expands on the M-ELO automated order type by making ...

Multinational technology company Apple has reportedly paid $5 million for the rights to author Michael Lewis’ upcoming book on former FTX CEO Sam Bankman-Fried (SBF) following a bidding war.According to a Sept. 7 report from The Ankler, Apple secured the rights to the book Going Infinite: ...

Rario, a Polygon-based platform issuing cricket-related nonfungible tokens (NFTs), has reportedly seen its founders leaving the firm after two years since launch.Founders of Rario, including Rario CEO Ankit Wadhwa and chief technology officer Sunny Bhanot, are being pushed out as investors ...

The popular artificial intelligence (AI) chatbot, ChatGPT, has seen a decrease in user traffic worldwide for the third consecutive month this August, according to data from analytics company Simliarweb. In August, desktop and mobile site traffic to OpenAI’s popular chatbot from visito ...

Ant Group, the owner of the world's largest mobile payment platform Alipay, revealed its new sub-brand under the name ZAN. The brand will focus on blockchain development and services for both institutional and individual Web3 developers. The official press release, published on Sept. ...

A decentralized version of Infura will launch by the end of the year, with major Web2 cloud providers set to become part of the network, the chief strategist of ConsenSys says. “We’re looking to launch something later this year, but then there’s going to be what they call ...

Australian fintech firm Block Earner is charging ahead with plans to launch a crypto-backed loans product, despite staring down an upcoming court date with the financial regulator for allegedly offering financial products without a license. The new crypto loan product allows Australia ...

Web3 startups often face challenges unique to the nascent ecosystem — complex regulatory landscapes and scaling with decentralization are just two of many. Venture capital flowing into Web3 startups experienced a big drop over the last year, and new projects need more help than ever to carry thei ...

Coinbase has flagged several countries outside the United States where it intends to focus its operations in the near term, citing their comparatively clearer crypto laws.In a Sep. 6 blog post, Coinbase’s international business VP, Nana Murugesan and international policy VP, Tom Duff ...

Binance co-founder and CEO Changpeng ‘CZ’ Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust, despite the recent market uncertainty. The Binance boss blamed negative news, rumors, bank runs, lawsuits, the closing ...

Financial giant JPMorgan is making another move into the crypto space with a new blockchain-based solution for cross-border transactions, reveals a report by Bloomberg. The system, however, won't be available until the bank receives the green light from regulators in the United States.  ...

Chinese technology corporation Tencent unveiled its “Hunyuan” artificial intelligence (AI) system, a multimodal large language model (LLM) similar to OpenAI’s ChatGPT, at the Global Digital Ecosystem Summit in Shenzhen on Aug. 7.  ...

Artificial intelligence (AI) and blockchain technologies have reached a "tipping point" and are set to shrink established industries while creating new ones, forecasts a report from Moody's Investors Service published on Sep. 6. According to the authors, the combined impact of AI and ...

East Asian country Taiwan is reportedly planning to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction as a part of its incoming guidance for virtual asset service providers (VASPs). On Sept. 7, a local media outlet, the Central News Agency,&n ...

The world’s leading crypto exchange by trading volume Binance has seen the departure of 10 key executives from various departments in the first nine months of 2023. While executive departures from a company are a norm based on their preset contractual obligations, the number of executives l ...

A viral track from the anonymous producer “Ghostwriter” using an artificial intelligence (AI)-generated vocal track of the rapper Drake has been submitted for consideration for a Grammy award, according to a Sept. 5 New York Times report.The track “Heart on My Sleeve&rdqu ...

Two federal agencies of the United States — the Department of the Treasury and the Internal Revenue Service (IRS) — have released a set of cryptocurrency regulations proposal detailing brokers' reporting requirement.The Office of Advocacy of the U.S. Small Business Administrati ...

Google is making updates to its political content policy to include a new mandate that all verified election advertisers must disclose uses of artificial intelligence (AI) in campaign content. On Sept. 6 the tech giant said the disclosures are required where there is “synthetic conten ...

The race for the United States’ first spot Ethereum exchange-traded fund has officially begun after new 19b-4 filings by the Chicago Board Options Exchange (CBOE), which will "ultimately start the clock" for an SEC decision.  On Sept. 6, the CBOE filed two 19b-4 appli ...

Bankrupt crypto lender Celsius Network has filed a complaint against lending firm EquitiesFirst Holdings in a bid to recoup assets.According to a sealed adversary complaint filed on Sept. 6, Celsius is seeking injunctive relief and a declaratory judgment associated with the "recovery of mo ...

Amid the United States Securities and Exchange Commission (SEC) delaying a decision on Ark Investment Management’s spot Bitcoin (BTC) exchange-traded fund, the firm has proposed an investment vehicle with exposure to Ether (ETH).In a Sept. 6 filing, Ark Invest and 21Shares requested ...

Bankrupt cryptocurrency lender Genesis Global Capital (GGC) filed two suits on Sept. 6 seeking the repayment of overdue loans from affiliated companies. The loans are worth over $600 million in total. GGC filed the complaints against Digital Currency Group (DCG) and DCG International ...

The sharp increase in global interest rates may have limited investors’ appetite for crypto ventures, but new projects are still flourishing and attracting capital to speed up growth. Data from the Cointelegraph Research Venture Capital Database shows June closed out with a 29.73% decrease ...

Users of Hashkey Exchange Hong Kong will soon be able to receive insurance protection on digital assets custodied on the platform.According to local news reports on Sept. 6, Hashkey has signed a memorandum of understanding with fintech firm OneDegree for insurance coverage on exchange wall ...

Google has updated its cryptocurrency advertising policy to allow for blockchain-based NFT gaming advertisements as long as they don’t promote gambling or gambling services. According to a blog post from Google, the new changes will go into effect starting Sep. 15 and will be restrict ...

Japanese financial holding company SBI Group has announced that its international remittance services arm SBI Remit has partnered with Ripple and SBI Ripple Asia to offer an XRP (XRP) remittance service to bank accounts in several Southeast Asian countries. In an announcement, the com ...

Venture capital has been a key driver for myriad startups in the blockchain space. Founders know how competitive it can be to secure valuable VC funding that can keep the lights on and employees paid during the critical first days of a new project.In a new interview series, Cointelegraph s ...

Gleb Kostarev, Binance's head of Eastern Europe and Russia, took to Facebook on Sept. 6 to announce its departure from Binance.In his Russian-language announcement, Kostarev said that today marks the last day of his long-running work at Binance, adding:“I am stepping down a ...

The new blockchain-based IP ownership network Story Protocol closed a $54 million funding round on Sept. 7, which included investments from big names like Paris Hilton’s 11:11 Media, and Andreessen Horowitz, also known as a16z. The platform uses blockchain technology to help content c ...

The United States Attorney's Office has filed an affirmation of the denial of bail to former FTX CEO Sam Bankman-Fried, claiming that he could attempt witness tampering, and stating that no release conditions would assure the safety of the witnesses. Prosecutors responded to several claims made i ...

Marathon Digital Holdings, a United States-based crypto mining operator, produced 1,072 Bitcoin in August. This is 9% less than in July, but still five times more than in August 2022. On Sept. 5, Marathon shared the unaudited BTC production and miner installation updates for August. A ...

MetaMask’s eagerly awaited Snaps will allow users to interact with a variety of different blockchain networks, receive updates from projects and will help demystify what’s happening in complex transactions, says Consensys head of strategy Simon Morris.Speaking to Cointelegraph ...

José Luis Garcia is a coffee-lover and entrepreneur trying to make his mark in the city of Medellín — the birthplace of Colombia’s modern coffee industry. Since the October launch of his start-up Lightning Koffee, Garcia has two goals in mind: Make a decent c ...

Artificial intelligence tools such as OpenAI’s ChatGPT will create more problems, bugs and attack vectors if used to write smart contracts and build cryptocurrency projects, says an executive from blockchain security firm CertiK.Kang Li, CertiK’s chief security officer, explained to Cointe ...

Genesis Global Trading (GGT) will close down its cryptocurrency spot trading service on Sept. 18, according to press reports. GGT is affiliated with the Digital Currency Group (DCG), but it was not affected when the parent company’s crypto lender, Genesis Global Capital, declared bankruptcy ...

A report released by London-based investment migration consultancy firm Henley & Partners suggests there were more than 40,000 crypto millionaires in the world holding Bitcoin (BTC). According to the ‘Crypto Wealth Report’ published on Sept. 5, Henley & Partners said there wer ...

Cryptocurrency wallet MetaMask has announced the launch of a feature allowing users to sell Ether (ETH) for fiat currency.In a Sept. 5 post on X — formerly Twitter — MetaMask said users with crypto wallets connected to the platform’s Portfolio decentralized application wo ...

Cryptocurrency exchange has upsized its debt buyback offer from $150 million to $180 million.According to the Sept. 5 announcement, Coinbase will commit a total of $180 million to buying back its 3.625% Senior Notes due 2031. The offer will lapse on Sept. 18 at 11:59 pm Easten Time.  ...

The CEO of Chinese tech company Baidu, Robin Li, said on Sep. 5 that more than 70 artificial intelligence (AI) models have been released in the country, according to a report from Reuters. Li commented that the over 70 AI language models that have been released were created with over ...

The legal industry has emerged as a major winner amid cryptocurrency collapses like FTX and Celsius, generating hundreds of millions of dollars for lawyers.Lawyers, accountants, consultants, analysts and other professionals have collected at least $700 million in fees from the bankruptcies ...

Web3 startup accelerator Cronos Labs has launched the third cohort of its accelerator program which aims to support early-stage projects by providing funding opportunities and mentorship. The scheme is backed by $100 million in investment that will be used to support crypto startups.  ...

Crypto scams targeting MetaMask users are using government-owned website URLs to con victims and access their crypto wallet holdings.Ethereum-based crypto wallet MetaMask has been a long-standing target for scammers — which involves redirecting unwary users to fabricated websites tha ...

One of the largest South Korean banks, Korea Exchange Bank (KEB Hana Bank), is moving to offer digital asset custody services through a new partnership with major cryptocurrency custody firm BitGo Trust Company.KEB Hana Bank has signed a strategic business agreement with BitGo to jointly e ...

While lacking in performance, micro Bitcoin mining devices should be seen as a stand against the Bitcoin ecosystem’s purportedly biggest flaw, its inventors argue.Micro Bitcoin mining devices — often open-source and pocket-sized — have been serving a niche part of the mar ...

With the field of artificial intelligence evolving at near breakneck speed, scammers now have access to tools that can help them execute highly sophisticated attacks en masse, warns the co-founder of Web3 security firm Quantstamp.Speaking to Cointelegraph at Korea Blockchain Week, Quantsta ...

Crypto betting platform Stake has reopened deposits and withdrawals and resumed services for users only five hours after the platform was hacked to the tune of $41.3 million, blockchain security firms estimate.Stake confirmed that all services resumed at 9:28pm UTC time on Sept. 4 — ...

Sam Bankman-Fried, the founder and former CEO of defunct cryptocurrency exchange FTX, has filed a memorandum on Sep. 1 asking the court to deny the prosecutor’s in limine requests. The memorandum, penned by SBF’s lawyer Mark Cohen, calls the requests filed by the United States Departm ...

Cryptocurrency exchange Binance continues to lose some of its key executives amid increasing scrutiny of the platform from regulators around the world.Binance head of product Mayur Kamat has confirmed he is leaving the crypto exchange after nearly two years.“It is time for me to ste ...

A recently released tool for Arbitrum developers could onboard more devs to Ethereum Virtual Machines (EVM) and improve its code, says Offchain Labs co-founder Ed Felten.Speaking to Cointelegraph at Korea Blockchain Week, Felten lauded Arbitrum Stylus, which Offchain released on a testnet ...

The co-founders of blockchain gaming platform Gala Games have locked horns in court over two separate lawsuits, one alleging the theft of $130 million worth of Gala (GALA) and the other, alleging corporate waste.On Aug. 31 Gala co-founders Wright Thurston and Eric Schiermeyer, also the fir ...

Streaming video is one of the fastest-growing markets in the world, with the OTT video industry alone projected to reach $200 billion in 2023. Short for “over-the-top” video, the OTT video ecosystem includes on-demand video as well as ad-supported video content, and it is mainly driven by the gro ...

Cryptocurrency and stock trading platform Robinhood has announced the purchase of more than 55 million shares of the firm previously held by former FTX CEO Sam Bankman-Fried.According to an Aug. 31 blog post, Robinhood completed a purchase of 55,273,469 shares for roughly $606 million foll ...

As businesses globally grapple with the challenges of talent acquisition, employee retention and optimizing workplace dynamics, the potential of artificial intelligence (AI) to offer innovative solutions has become a focal point of discussion among human resources (HR) professionals.  ...

reportThe cryptocurrency exchange OKX plans to enter the Indian market and recruit local employees in an effort to expand its possibilities of Web3 applications, according to a CoinDesk report. OKX’s CMO, Haider Rafique, said it plans to scale up its wallet services “exponentially” vi ...

The crypto community joins in to support the Maui community as a relief fund championed by A-list celebrities Oprah Winfrey and Dwayne ‘The Rock’ Johnson accepts donations in cryptocurrencies.In early August 2023, a series of wildfires broke out on the island of Maui, Hawaii, c ...

Retired pro soccer star Ronaldinho Gaúcho has testified at a congressional hearing in Brazil, denying his involvement in an alleged $61 million crypto pyramid scheme that bore his name.On Aug. 31 Ronaldinho appeared before a parliamentary committee inquiry where he refuted any role in the ...

Binance Australia General Manager Ben Rose says he’s “really confident” that Australian regulators will eventually make the right choices when it comes to laws that govern digital assets in the country. “There are lots of very smart people in the government wor ...

The crypto ATM business is thriving in the United States, despite criticism for illegal or predatory behavior, according to a report released by the Federal Reserve Bank of Kansas City. Crypto ATMs have a growing customer base that could sometimes benefit from better education about crypto, the r ...

Human ID project Worldcoin signed up over 9,500 users in Argentina in a single day in August, setting a record for single-day signups. To achieve this feat, facilitators onboarded participants at an average rate of less than nine seconds per person, according to an Aug. 31 announcement from the p ...

Bulgarian decentralized lending platform Nexo has unveiled a crypto-powered debit and credit Mastercard for citizens of the European Economic Area (EEA).According to the Aug. 31 announcement, the Nexo Card will allow users to spend their euro, U.S. dollar, and British pound stablecoins via ...

Four China-based tech companies launched their own artificial intelligence (AI) chatbots on Aug. 30 for public use after receiving approval from the Chinese government. Baidu, Baichuan Intelligent Technology, SenseTime and Zhipu AI all launched their chatbots less than two weeks after ...

Crypto exchange Binance has encouraged users to start converting their Binance USD (BUSD) stablecoin holdings into a newly listed stablecoin amid plans to wind down support for BUSD. In an Aug. 31 statement from Binance, the crypto exchange confirmed prior speculation that it will gra ...

The winner of a new art competition hosted by Binance will see their design featured on the helmet of the racing driver Pierre Gasly from the Alpine Formula One team during the Abu Dhabi Grand Prix, slated for Nov. 26, 2023.Crypto exchange Binance announced a helmet design competition to s ...

There are hopes that the United States could see a new crypto resurgence after several rulings this year have seen court judges “rein in the SEC,” according to a digital asset lawyer from K&L Gates.On Aug. 31, Jeremy McLaughlin, a partner at the global law firm, noted that multiple U.S ...

Coinbase CEO Brian Armstrong has unveiled the ten ideas he is most excited about when it comes to crypto's future, sharing hopes that developers can use the bear market to take them to the next level.On Aug. 30, the Coinbase boss shared his vision of a crypto future in a company blog post& ...

United States presidential candidate Vivek Ramaswamy has lauded Grayscale’s recent victory over the federal securities regulator, arguing the decision will help keep Bitcoin and blockchain innovation from going overseas. In an Aug. 30 post on X (formerly Twitter) the pro-Bitcoin Repu ...

Bloomberg analysts have raised the probability for an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023, following a recent Grayscale victory against the federal securities regulator. In a Aug. 30 post on X (Twitter), Bloomberg senior ETF analyst Eric Balchunas said they ...

It appears that a data breach involving FTX bankruptcy claims agent Kroll has resulted in the leak of sensitive information, contrary to earlier reports. In an alleged Kroll Q&A Summary published on Aug. 30, FTX users' email addresses, mailing addresses, account numbers, unique ba ...

Over three-quarters of Vietnamese crypto holders make investment decisions through friends' referrals.That's according to an Aug. 30 report by Vietnamese venture capital firms Kyros Ventures and Coin68, alongside Animoca Brands. In the 3,300-participant survey, 75.5% of participants admitt ...

Relief efforts are still underway on the Hawaiian island of Maui following a series of wildfires severely damaging major areas including Lahaina.All Hands and Hearts, a disaster relief organization, has been collecting cryptocurrency and fiat donations to assist local Maui residents in the ...

Coinbase's stock experienced a significant surge on Aug. 29 after reports emerged that a federal judge had ruled in favor of Grayscale in their SEC legal dispute.In the final moments of the trading session on Tuesday, Aug.29, the value of COIN stood at $85.13 per share, marking an increase ...

The lawyers representing the United States Department of Justice (DOJ) filed a new court document late on Aug. 29 arguing that Sam Bankman-Fried should provide additional disclosures to his planned defense. The document called the current proposed argument, which claims his lawyers ap ...

Google Cloud announced a new partnership with the government of El Salvador on Aug. 29 to establish an office and provide Google Distributed Cloud (GDC) services in the country. The partnership aims to digitize the country, update government services and improve the healthcare and edu ...

Bus and taxi operators in Jamaica are eager to use the country’s in-house central bank digital currency (CBDC) — Jam-Dex — as locals seek operational efficiencies and reduced costs and security risks.The Central Bank of Jamacia launched Jam-Dex, short for Jamaican Digital ...

A British parliamentary committee is pressuring the government to axe plans that would allow artificial intelligence developers to freely train their systems on existing works of music, literature and art. In an Aug. 30 report, the Culture, Media and Sport Committee warned the governm ...

The United States Securities and Exchange Commission is facing its first deadlines to decide on seven new Bitcoin (BTC) spot exchange-traded fund applications with the latest being Sept. 4 amid its defeat to Grayscale Investments in a U.S. federal appeals court.Investment firm Bitwise will ...

The Hong Kong arm of crypto-friendly Swiss bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) allowing it to deal in virtual assets.On Aug. 30, SEBA Hong Kong said its in-principle approved license would allow it to operate with cry ...

Rhode Island’s regulators have granted X (Twitter) a currency transmitter license marking a step forward for the company’s foray into the financial services sector. The license is legally required for companies conducting financial activities on behalf of users related to sending and ...

Tether, the stablecoin issuer behind USDT, has reportedly added Britannia Bank & Trust, a private bank based in The Bahamas to process dollar transfers on its platform.It is understood Tether has instructed clients to send money to Britannia’s bank account over the last few months, acc ...

Fintech company Circle announced a partnership with Mercado Libre to bring the USDC stabelcoin to Mercado Pago on Aug. 29. 1/ The largest fintech in LATAM, @mercadopago ...

Crypto asset manager Grayscale Bitcoin Trust (GBTC) has scored a major victory against the U.S. Securities and Exchange Commission in its efforts to convert its over-the-counter GBTC application into a listed Bitcoin ETF.According to August 29 court filings, U.S. Court of Appeals Circuit J ...

Bitcoin mining company Canaan announced its unaudited financial results for Q2 2023, showing growth in computing power sold and BTC mining revenues while it tackled a significant net loss of $110 million. up 31% on Q1.The NASDAQ-listed company outlined a variety of reasons influencing incr ...

Many leading media companies have taken a stance against allowing artificial intelligence (AI), like OpenAI’s ChatGPT, into the newsrooms, and have withheld permission for AI to scan their content on the web. It has been reported that multiple mainstream media companies including CNN, ...

The United States Department of Justice (DOJ) filed a motion on Aug. 28 to have all seven of the expert witnesses for Sam Bankman Fried banned from testifying in court. In the motion, the DOJ claims SBF’s proposed experts and their accompanying disclosures “suffer from an array of def ...

The mining company, which has been one of a number of firms to struggle amid negative market conditions and a highly-competitive mining ecosystem, reported half year net losses of $18.8 million in 2023, down over 50% from a net loss of $39.6 million in H1 2022.Argo also notes that it has r ...

Following the recent Kroll cybersecurity breach, FTX Derivatives Exchange, a financially distressed cryptocurrency trading company, has opted to temporarily suspend accounts of impacted users accessing its claims portal. FTX's decision which was posted on X (formerly known as Twitter) was underta ...

Hashdex, a crypto asset management company, has joined the competition for a spot Bitcoin (BTC) ETF in the United States. The firm, known for its global leadership in crypto asset management, has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin futures E ...

PayPal recently released stablecoin PayPal USD (PYUSD) is facing challenges gaining traction, on-chain data reveal. According to findings from blockchain analytics firm Nansen, roughly 90% of PYUSD is currently held in stablecoin issuer Paxos Trust's wallets. Holdings on crypto exchange wallet ...

Judge Martin Glenn shot down efforts to have a special shareholders class declared in the Celsius Network bankruptcy case in a court document filed on Aug. 25. The judge also declined to settle whether or not the CEL token was a security. In a motion filed on July 25 and heard before the U ...

The price of nonfungible tokens (NFTs) featuring Donald Trump surged after news outlets released a photo of the former United States President as part of his criminal case in the state of Georgia for allegedly attempting to subvert the will of voters in the 2020 election. According to data from N ...

Vauld, a Singapore-based crypto exchange, that has been ongoing bankruptcy proceedings since August 2022, has said that it received permission from the court to restructure its board. The new top management will lead the company’s bailout process. On Aug. 24, Vauld’s co-founder Darshan Bathija ...

Nolan Bushnell, the founder of Atari and inventor of Pong — one of the first commercially successful video games — has shared optimism for the future of Web3 games, particularly as it comes to bringing ownership to virtual worlds. During the Digital Entertainment Leadership Forum in Hong Kong on ...

The developers behind file compression software WinRAR have patched a zero-day vulnerability that allowed hackers to install malware onto unsuspecting victims' computers, enabling them to hack into their crypto and stock trading accounts. On Aug. 23, Singapore-based cybersecurity firm Group-IB re ...

Venture capital firm Vessel Capital has announced a $55 million fund to invest in Web3 infrastructure and applications, TechCrunch reported. According to the founders, their goal is not to scale, but rather to assist crypto founders working on early-stage startups to launch and grow their project ...

July saw a drop in capital inflows from venture capitalists by 10.26% resulting in $700 million raised according to Cointelegraph Research VC Database. The last two months rejected the potential upward trend, as it seems that macroeconomic conditions revolving around the United States Federal Res ...

Shares of computer chip manufacturer Nvidia soared nearly 10% in after-hours trading as surging demand for AI chips saw the firm post Q2 earnings that significantly beat Wall Street estimates. In its Q2 earnings report, the company posted a whopping $13.5 billion in revenue for the quarter — an 8 ...

As the United Kingdom prepares for a ban on finance-related cold calls, the UK Treasury issued a consultation and call for evidence to gauge a full picture of the impact on businesses, or the costs associated with introducing and implementing the ban. On May 3, the UK government announced an ambi ...

Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. dollar-pegged stablecoin Tether (USDT) to use on its platform. The crypto exchange announced on Aug. 22 that USDT was being adopted as the ...

Bankrupt cryptocurrency lender BlockFi is trying to block attempts by the similarly bankrupt FTX and Three Arrows Capital (3AC) that aim to retrieve hundreds of millions of dollars to pay back their creditors. BlockFi claimed in an Aug. 21 filing to a New Jersey bankruptcy court that its own cred ...

Discussions around ways to shorten local settlement cycles within the next five years have got most securities firms eyeing local central bank digital currencies (CBDCs). CitiBank’s latest edition of the Securities Services Evolution whitepaper highlighted India’s recent move to T+1 settlements, ...

FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication. In the same hearing where Bankman-Fried pleaded not guilty to seven fraud-related charges, B ...

The Alliance of Motion Picture and Television Producers (AMPTP) released details of its proposal for striking actors and writers on Aug.22, which included standards for the entertainment industry surrounding the usage of artificial intelligence (AI) and data transparency. Under the proposed condi ...

United States prosecutors have put forward their proposed instructions to the jury ahead of the October trial for FTX co-founder Sam Bankman-Fried. The lengthy 100-page Aug. 21 filing breaks down how prosecutors would like presiding Judge Lewis Kaplan to instruct the jury in Bankman-Fried’s case ...

Komainu, a joint venture between leading Nomura, and crypto firms CoinShares and Ledger, received a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). The United Arab Emirates (UAE) has opened its door to crypto innovations, supported by federal grants and pro-crypto r ...

Generative AI is more likely to complement existing jobs than take over them entirely, though certain roles, such as clerical work, could see more of their tasks automated than others. According to an Aug. 21 Generative AI and Jobs study by the International Labour Organization — a United Nations ...

Macroeconomist Lyn Alden has cast doubt on a proposal that would see five countries work together to develop a common BRICS currency — arguing it will likely struggle to get off the ground and fail to dethrone the United States dollar. In an interview with Cointelegraph just days before the BRICS ...

The team behind the viral decentralized social media platform Friend.tech has refuted a report that claimed that the personal information of more than 100,000 of its users was “leaked.” The now-amended report, first posted by The Block, suggested that data posted by Banteg, a pseudonymous develop ...

Palo Alto Networks CEO Nikesh Arora has urged companies to modernize their cybersecurity systems, cautioning that bad actors have become much faster at breaching company defenses than ever before. Speaking to Jim Cramer on CNBC’s “Mad Money” on Aug. 21, the cybersecurity firm CEO said that compan ...

YouTube released its “principles” for working with players in the music industry on artificial intelligence (AI) technology, on Aug. 21. The CEO of YouTube, Neal Mohan, outlined in a blog post that now is a critical time to “ boldly embrace this technology with a continued commitment to responsib ...

It’s been another week of mixed developments in the crypto industry, with established players winding down operations while newcomers introduce new crypto features and services. Binance’s buy-and-sell crypto arm was shut down on Aug.16, with the crypto exchange remaining under widespread regulato ...

As the bear market keeps slashing venture capital investments in the crypto industry, alternative funding options, such as grants, have been gaining traction as a means of supporting the community while enabling the growth of established projects. According to Blockchain Grants, at least 40 c ...

Seven days following the Department of Justice's bail revocation for disgraced FTX founder Sam Bankman-Fried, he is now seeking permission to spend five weekdays outside to collaborate with his legal team on his defense case. According to a letter sent to US District Judge Lewis Kaplan on Fri ...

Former FTX executive Ryan Salame will reportedly avoid testifying about his role in FTX’s alleged illegal campaign donation scheme if he is subpoenaed in Sam Bankman-Fried’s criminal trial.Lawyers representing the former FTX co-CEO said that Salame will be unavailable as a witn ...

Binance has asked a court for a protective order against the United States Securities and Exchange Commission, accusing the regulator of undertaking a “fishing expedition” with its discovery requests.In an Aug. 14 court filing, Binance argued while it’s worked in good fai ...

Crypto-assets and their related activities present key risks to the United States banking system and warrant closer supervision, warns a leading U.S. financial regulator. For the first time, cryptocurrency was given a dedicated section in the Federal Deposit Insurance Corporation’s a ...

Crypto custodian Prime Trust has filed for Chapter 11 bankruptcy protection in Delaware after facing a shortfall in customer funds.The company said in an Aug.15 filing that it has between 25,000 to 50,000 creditors and estimated liabilities between $100 million to $500 million compared to ...

Grayscale Investments, which has been seeking to convert its Bitcoin (BTC) trust into a spot Bitcoin exchange-traded fund, could be getting a decision on its lawsuit against the federal securities regulator before the week’s end.In an Aug. 11 tweet, Scott Johnsson, a general partner ...

CoinDesk is reportedly planning layoffs in its editorial department ahead of the sale of a stake in the publication to investors, according to media reports. TechCrunch wrote that CoinDesk CEO Kevin Worth sent an internal email warning that “several roles, predominantly in our m ...

An individual, identified only as “Mr. Chen,” has been convicted by the Fuzhou Mawei People’s Procuratorate on charges of “offense of concealment and concealment of crime” for purchasing 94,988 Chinese yuan ($13,067) worth of Tether (USDT) for an acquaintance.According to local news report ...

Cryptocurrency exchange Coinbase announced an expansion of its services offered to Canadian users on Aug. 14 through a partnership with local financial services company Peoples Trust Company. Coinbase integrated the option for 100% of its users to deposit and withdraw money from their ...

Coinbase CEO Brian Armstrong says the rise of on-chain activities on its new layer-2 network Base has exposed how “broken” the Coinbase app is for user experience, and has pledged to improve it. In an X (Twitter) post on Aug. 13, Armstrong said a number of pain points have ...

Uniswap dev loses job, was it worth it? A Uniswap developer known as “AzFlin” has been sacked by the founder of Uniswap Labs, Hayden Adams, for allegedly creating a memecoin and rug pulling it a few hours later for 14 wrapped-Ether (wETH), worth $25,800. It is understood ...

Former FTX CEO Sam Bankman-Fried is going into his third night with over 1,500 other inmates in one of New York’s most notorious jails — a far cry from his parents’ multimillion-dollar five-bedroom home in Stanford.The FTX co-founder had his bail revoked at an Aug. 11 hea ...

Bankrupt cryptocurrency lender Voyager Digital transferred 1,500 Ether (ETH), worth around $2.77 million and an additional 250 billion Shiba Inu (SHIB), worth roughly $2.7 million, to crypto exchange Coinbase on Aug.11, according to Etherscan.The motive behind the transactions has triggere ...

In a move that can reshape the digital payments landscape, financial technology giant PayPal has unveiled its United States dollar-pegged stablecoin PayPal USD (PYUSD). In line with expectations, the launch has ignited a complex debate within the crypto community.Ethereum&rsquo ...

Bitcoin miner Bitdeer Technologies, a firm spun-off from prominent Bitcoin Application-Specific Integrated Circuit (ASIC) manufacturer Bitmain, recorded a net loss of $40.4 million in Q2 2023, up from a net loss of $15.6 million in Q2 2022.The company disclosed in its earnings report publi ...

The Securities and Exchange Commission's (SEC) delay in deciding whether to approve a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States is fueling expectations that a final verdict will come in a batch that includes key players on Wall Street, including BlackRock and Fidelity.&nb ...

Spanish soccer club FC Barcelona has secured a 120 million euro ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative, Barça Vision.According to the Aug. 11 announcement, FC Barcelona sold a 29.5% stake in Bridgeburg Invest, the hold ...

Crypto users have reported seeing “wonky” prices for Ripple’s XRP (XRP) token on the Gemini crypto exchange hours after it relisted the token on its platform for deposits and trading. Several crypto community members on X (Twitter) on Aug. 11 posted screenshots of what ma ...

A United States federal appeals court has upheld a decision to dismiss an investor class-action lawsuit against online brokerage firm Robinhood Markets over its meme stock trading debacle in early 2021. A total of 16 investors took part in a class action lawsuit against the trading platfor ...

Non-fungible token project y00ts is again switching blockchain networks, only four months after bridging the majority of its NFTs from Solana to Polygon. DeLabs, the NFT firm behind y00ts, announced via its X (Twitter) account on Aug. 9 it will soon be migrating to Ethereum in li ...

Crypto app developers hoping for a loosening of Apple’s App Store rules will have to wait longer after a United States Supreme Court held off on granting a request to let apps direct users to payments outside of Apple’s ecosystem.An Aug. 9 decision from Justice Elena Kagan decl ...

Aptos (APT), the cryptocurrency powering layer-1 blockchain Aptos Network, is up approximately 11.6% since announcing it will leverage Microsoft’s suite of artificial intelligence tools to advance Web3 adoption among banks and financial enterprises.This will be achieved by enabling t ...

Over 15 widely-used crypto wallet providers and projects have gaping vulnerabilities that could potentially see millions of crypto wallets drained, according to digital asset infrastructure firm Fireblocks.In an Aug. 9 press release, Fireblocks said the series of vulnerabilities, dubbed Bi ...

Colorado-based Bitcoin mining firm Riot Platforms narrowed its second quarter net loss to $27.7 million as it ramped up its Bitcoin production and reached record hash rate capacity. The crypto miner posted total revenue of $76.7 million — up 5.2% from Q2 2022 — which was primarily driven b ...

The United States Securities and Exchange Commission is moving to appeal a July court decision from its lawsuit against Ripple Labs, which had ruled the sale of XRP (XRP) is not a security when sold to retail investors.In an Aug. 9 letter to Judge Analisa Torres — the presiding ...

Blockchain security firm PeckShield revealed fresh vulnerabilities targeting decentralized finance (DeFi) projects on Aug. 9. According to the firm, Aave’s Earning Farm has been compromised by a reentrancy attack, resulting in the theft of at least $287,000 worth of Ether (ETH). ...

Presented by Coinbase, the Onchain Summer festival will bring the community together for three weeks in August to build, socialize, play and celebrate innovation.The inclusive nature and global reach of cryptocurrencies and blockchain technology have given rise to a diverse communit ...

FTX’s former primary counsel Fenwick & West LLP has been hit with a class-action suit claiming it aided the crypto exchange’s alleged multi-billion dollar fraud.An Aug. 7 filing by a group of FTX customers in a California District Court alleged the law firm set up several “shadowy enti ...

The X (Twitter) account of crypto-focused venture capital firm Blockchain Capital was seemingly taken over by scammers attempting to lure users with the promise of a token claim.On Aug. 9, Blockchain Capital’s account made multiple posts promising a giveaway of “BCAP” tokens and directed u ...

The United States Federal Reserve is broadening the scope of its supervision program which oversees U.S. banks that engage with the cryptocurrency and blockchain industry. An Aug. 8 announcement by the Federal Reserve Board established the Novel Activities Supervision Program, which aims t ...

Crypto mining firm Marathon Digital missed earnings and revenue expectations with its second-quarter 2023 results. Marathon's Q2 2023 results on Aug. 8 reported revenues of $81.8 million compared to Zacks Investment Research's estimate of $83.2 million.The crypto miner reported a ea ...

Cryptocurrency custody firm Anchorage Digital and major mining manufacturer Bitmain could take equity stakes in Core Scientific as part of the firm’s restructuring plan.According to an Aug. 8 filing in the United States Bankruptcy Court for the Southern District of Texas, Bitmain pla ...

Cryptocurrency exchange Bitstamp will suspend trading of Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near (NEAR), Sandbox (SAND) and Solana (SOL) for customers residing in the United States beginning Aug. 29.According to the Aug. 8 announcement, trading of the ...

The animated science fiction series Futurama, which was created long before Bitcoin (BTC) was even a gleam in Satoshi Nakamoto’s eye, poked fun at cryptocurrency miners in the third episode of its most recent iteration.In the episode “How the West Was 1010001,” which was released on Hulu o ...

Cryptocurrency exchange Coinbase will begin buying back up to $150 million of its 2031 senior notes for 64.5 cents on the dollar, a discount of 35.5%.According to the Aug. 7 announcement, the tender offer will last until Sept. 1, with an early premium of three cents on the dollar on top of ...

Global cryptocurrency exchange Binance has reported being granted licensing to provide services to residents of El Salvador.In an Aug. 8 announcement, Binance said El Salvador’s Central Reserve Bank had approved the exchange’s application for a Bitcoin Services Provider license ...

Artificial intelligence firm OpenAI has launched “GPTBot” — its new web crawling tool which it says could potentially be used to improve future ChatGPT models.“Web pages crawled with the GPTBot user agent may potentially be used to improve future models,” Open ...

Video-conferencing platform Zoom has updated its terms of service after widespread backlash over a section concerning AI data scraping, clarifying that it won’t use user content to train AI without consent. In an Aug. 7 post, Zoom said its terms of service were updated to further con ...

PayPal’s new Ethereum-based stablecoin, PYUSD, has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it could also spell trouble for decentralization and personal control of assets, warns the community. ...

Crypto exchange Blockchain.com has been granted a payments license from Singapore’s central bank, the Monetary Authority of Singapore (MAS).Blockchain.com announced on Aug. 7 it received its major payment institution (MPI) license from MAS on Aug. 1, allowing the platform to pro ...

Telegram bots have been increasingly emerging as a new tool to get exposure to cryptocurrency markets and a number of related services.The cumulative crypto trading volume associated with Telegram bots exceeded $190 million as of early August 2023, according to a new report by Binance’s re ...

Estonia-based cryptocurrency payments firm CoinsPaid suspects North Korean hackers with the Lazarus Group gained access to its systems through fake recruiters targeting employees.In an Aug. 7 blog post, CoinsPaid said an exploit which allowed hackers to steal more than $37 million on July ...

The lower house of India’s parliament voted in approval of a bill that would ease data compliance regulations for Big Tech companies on Aug. 7, according to a report from Bloomberg. The Digital Personal Data Protection Bill 2023 would ease storage, processing and transfer standards fo ...

American financial technology company PayPal launched a new stablecoin called PayPal USD (PYUSD) on Aug. 7.  The U.S. dollar-pegged stablecoin will be issued by Paxos Trust Co. and fully backed by U.S. dollar deposits, short-term Treasurys and similar cash equivalents. It’s ...

Celsius' Mashinsky motion to dismiss deniedThe former chief executive of crypto lending platform Celsius Network, Alex Mashinsky, is back on track to face a civil fraud lawsuit after a New Yor judge denied his motion to dismiss the case.A court order issued on Aug. 4 by New York Cou ...

MakerDAO, one of the early pioneers of decentralized finance, has sparked criticism over its decision to block virtual private network (VPN) users from accessing its recently launched lending platform, Spark Protocol.At the time of writing, VPN users that attempt to access the Spark Protoc ...

Decentralized finance (DeFi) protocol Curve Finance is extending a bug bounty offer to anyone who is able to identify the exploiter responsible for draining over $61 million from its pools on July 30. Curve and other protocols affected by the attack offered a 10% bug bounty to the hac ...

Cryptocurrency exchange Huobi has seen outflows worth $64 million between Aug. 5-6, amidst ongoing rumors about its solvency and that Chinese authorities were investigating its executives. Outflows over the weekend resulted in the exchange's total value locked (TVL) falling to $2.5 billion at the ...

Crypto lender Hodlnaut appears to have found a white knight investor to exit its bankruptcy proceedings. According to a Bloomberg report, OPNX exchange has made an offer to take over 75% of the company.The deal would see a capital injection of nearly $30 million worth of FLEX tokens into H ...

Despite a brief rally, the XRP (XRP) price did not reach anticipated levels after a recent favorable court ruling for the token. Among those with ambitious price targets for the cryptocurrency is pro-XRP lawyer John Deaton.Deaton addressed a post from a user named Moon Lambo on X (formerly ...

Tether developers are set to release innovative JavaScript libraries created to facilitate the transmission of commands and signals to Bitcoin (BTC) mining hardware, including WhatsMiner, AvalonMiner and Antminer.In a post shared on X (formerly Twitter) by Paolo Ardoino, the ...

Elon Musk stated that his social media company X (formerly Twitter) will fund the legal bills of any user that was treated unfairly by their employer for engaging with content on the platform. In an April 5 X thread announcing the move, Musk said that lawsuits of any scale will be supporte ...

Digital Currency Group (DCG) is now under scrutiny for its financial transactions involving its subsidiary, Genesis Global Capital. The investigation is reportedly being conducted by New York Attorney General Letitia James, Bloomberg reported, citing sources familiar with the matter.Federa ...

Elon Musk has stated that his social media platform X (formerly Twitter) has no plans to launch crypto tokens in response to a post regarding questionable X and Twitter-based digital currencies on Saturday, Aug. 5.In response to a post by DogeDesigner, Musk addressed the issue of scam toke ...

Brian Armstrong, chief executive officer at Coinbase, has reportedly waffled about whether the cryptocurrency exchange plans to leave the United States amid regulatory uncertainty.According to an Aug. 4 report from the Financial Times, Armstrong said Coinbase was “staying in the Unit ...

The launch of the controversial digital ID crypto project, Worldcoin, has stirred up a wave of attention and debate. Led by Sam Altman, the CEO of OpenAI, Worldcoin made headlines with its promise to introduce a futuristic digital identity system based on iris scanning, differentiating humans fro ...

Coinbase, a leading U.S. cryptocurrency exchange, shared its second-quarter results on Aug. 3. Despite showing a net loss, some positives emerged, like a 13% cut in operating expenses from the last quarter and a 3% boost in its cash reserves to $5.5 billion. Coinbase key financial metric ...

The decentralized finance (DeFi) ecosystem has experienced a challenging week after a seismic security incident led to over $61 million being stolen from Curve Finance’s pools, leaving several protocols facing broader contagion risks.This attack exposed vulnerabilities across DeFi pr ...

Publicly traded Bitcoin (BTC) miner Core Scientific has appointed Adam Sullivan its CEO. Sullivan, who previously served as the company’s president, took the role on Aug. 4, while co-founder and former CEO Mike Levitt remains chairman of the board.Sullivan has over a decade of financial se ...

Blockchain auditing is the process of examining and verifying the data and transactions stored within a blockchain network. It focuses on assessing the integrity and accuracy of the information recorded on the blockchain to ensure it aligns with the intended rules, protocols and regulations. ...

Google and Accenture, which have a joint business venture, are being accused by the Alphabet Workers Union of being in violation of federal labor laws in the United States, according to a Bloomberg report. The union claims that Alphabet acted against a law that prohibits retaliat ...

The United States Securities and Exchange Commission has been recently inundated with applications for Ether (ETH) futures exchange-traded funds (ETFs), with a grand total of 11 Ether-based filings being submitted in less than a week. The latest ProShares ETF application was filed on ...

Coinbase plans to file an order seeking dismissal of the lawsuit by the Securities and Exchange Commission on Aug. 4, with the crypto exchange’s legal chief saying it expects to win the case.On its Aug. 3 second-quarter 2023 earnings call, Coinbase Chief Legal Officer Paul Grewal exp ...

Shares in payment technology firm Block Inc. tumbled after hours despite its second-quarter results beating earnings expectations, including a 34% year-on-year increase in Bitcoin (BTC) revenue.In a Q2 earnings call, Block reported a whopping $2.4 billion in Bitcoin sales on its Cash App p ...

Crypto exchange Coinbase reported $663 million in net revenue for the second quarter of 2023, boosted by its custody deal with Blackrock and institutional focus, despite recent action taken against it by regulators.Net revenue was down 10% compared to Q2 2022 but beat estimates, attributed ...

OpenAI founder Sam Altman launched Worldcoin in July, a cryptocurrency token offered to people willing to share their biometric data by scanning their eyeballs with an Orb, seeking to link real-world identity with decentralized blockchain identity. Many aspects of the project embody the dystopian ...

Metaverse platform The Sandbox will require Know Your Customer (KYC) verification for its staking processes, according to an Aug. 3 announcement. The announcement stated that only verified users could deposit The Sandbox (SAND) tokens, which are native to the platform, and claim staki ...

Agence France-Presse (AFP) announced a lawsuit against X, the company formerly known as Twitter, on Aug. 2, citing Europe’s “neighboring rights” legislation.According to a press release, AFP is asking the courts to force X — which the press release refers to as &ldq ...

Artificial intelligence could eventually have a bigger financial impact on the American economy than electricity and personal computers, according to economists at investment banking giant Goldman Sachs.In an Aug. 1 investment report, Goldman Sachs economists Joseph Briggs and Devesh Kodna ...

Australia’s financial regulator has sued eToro over its contract for difference (CFD) product, alleging the trading platform used insufficient screening tests when offering the leveraged derivative contracts to retail investors.The Australian Securities and Investments Commission (A ...

Robinhood released its second-quarter results, achieving profitability for the first time since becoming a public company, despite a drop in revenue in the second quarter of 2023. According to its quarterly report released on Aug. 2, Robinhood’s revenue from cryptocurrency transaction ...

KuCoin's Bitcoin (BTC) and Litecoin (LTC) mining pools will be suspended from 16:00:00 on Aug. 15, 2023 (UTC) until further notice. The exchange said the decision was "in line with KuCoin's evolving business strategy" but didn't elaborate further. It's unclear if the decision is relat ...

United States-based software development company MicroStrategy is planning to raise up to $750 million via a stock sale and says it may use the proceeds to buy more Bitcoin (BTC). In a filing to the Securities and Exchange Commission on Aug. 1, MicroStrategy announced it has entered i ...

Lawyers for Sam Bankman-Fried have denied that he attempted to intimidate witnesses in his criminal trial by talking to New York Times reporters and argued there is no reason to jail him.In an Aug. 1 letter to Judge Lewis Kaplan, Bankman-Fried’s lawyers claimed the prosecution’s attempt to ...

A body representing FTX customers said it is “extremely disappointed” by the exchange’s draft bankruptcy exit plan and claims it was ignored by FTX’s restructuring team.In a July 31 court filing, FTX’s Official Committee of Unsecured Creditors (UCC) said despi ...

Business intelligence firm MicroStrategy — one of the largest corporate holders of Bitcoin (BTC) in the United States — managed to return to profitability in the second quarter amid a surge in the price of Bitcoin.In a Q2 earnings results filing posted on Aug. 1, MicroStrategy ...

Gaming retail company GameStop has announced it will remove its digital wallets from the market starting in November, citing “regulatory uncertainty of the crypto space.”In a notice posted to its website, GameStop said iOS and Chrome Extension wallets will no longer be available starting o ...

Scammers set their sights on Voyager Digital customers during the month-long window when they were able to withdraw some portion of their funds from the bankrupt crypto brokerage, Bloomberg reported, citing Darren Azman, a lawyer for the firm. Law enforcement has been notified of the situation, h ...

Major cryptocurrency exchange Binance has announced the launch of a Japan-based arm roughly two years after receiving a warning from the country’s financial regulator.In an Aug. 1 announcement, Binance said local crypto exchange Sakura Exchange Bitcoin has launched as Binance Japan i ...

The crypto arm of Nomura has obtained an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA) amid the Japanese financial holding firm’s attempts to leave its mark in the digital asset space.Laser Digital Middle East FZE, Nomura’s Dubai-based digital asset subsidiary, a ...

Circle’s USD Coin (USDC) and other stablecoins could potentially face a compliance nightmare if a new national defense bill that passed in the United States Senate makes it all the way.In a July 31 investment note seen by Cointelegraph, Berenberg analyst Mark Palmer explained that a recent ...

Binance CEO Changpeng “CZ” Zhao is looking to bring smaller algorithmic stablecoins to the market, in a bid to offer investors options other than the current global stablecoin giants.Speaking in a July 31, ask me anything (AMA) session on Twitter, CZ cited risks associated with ...

The venture capital world has long been known for its traditional approach to funding and investing in startups. However, the emergence of blockchain technology can potentially disrupt this industry and revolutionize the way venture capital operates.One significant aspect of this disruptio ...

Crypto exchange Coinbase was once told by the United State securities regulator to delist all cryptocurrencies on its platform except for Bitcoin (BTC), according to CEO Brian Armstrong.In a July 31 interview with the Financial Times, Armstrong revealed that the U.S. Securities and Exchang ...

Australia’s Bendigo Bank has become the fourth major bank in the country to announce blocks for “high-risk crypto payments,” citing the need to protect customers from investment scams.The bank said on July 31 it implemented new rules on instant payments to crypto exchanges which adds “some ...

Galaxy Digital's founder Mike Novogratz shared what an ideal investment portfolio would look like for a young and high-risk tolerance investor during an interview with Bloomberg Wealth, saying that he'd invest in the Chinese giant Alibaba, silver, gold, Bitcoin (BTC), and Ethereum (ETH).“I ...

The U.S. Securities and Exchange Commission (SEC) suffered another setback on July 28 as the D.C. Circuit overturned a ruling by the regulator ordering that SPIKES Index securities should be treated as 'futures' rather than as 'securities futures'. The judge panel called the SEC order "arbitrary ...

An open letter from GitHub, Hugging Face, Creative Commons and other tech firms are calling the European Union to ease upcoming rules for open-source artificial intelligence models.The letter urges policymakers to review some of the provisions of the EU's Artificial Intelligence Act, claim ...

The ongoing crisis surrounding the U.S. banking system struck again as Heartland Tri-State Bank of Elkhart was closed on July 29 by the Kansas Office of the State Bank Commissioner, with the Federal Deposit Insurance Corporation (FDIC) taking control. On July 31, the four branches of ...

Following the announcement of X’s (formerly Twitter) ads revenue sharing initiative, crypto exchange Kraken proposed the possibility of accepting payments in Bitcoin (BTC).The X community responded positively to the tweet, praising the suggestion as a welcome idea. VJ Crypto Gue ...

United States Representatives Gus Bilirakis and Jan Schakowsky penned a formal letter to Apple CEO Tim Cook about concerns related to the California-based company’s App Store, and the potential effect of its guidelines on emerging technologies like blockchain and nonfungible tokens (NFTs). ...

The United States Securities and Exchange Commission (SEC) and Binance have submitted responses regarding the entity “Eeon,” which has sought to intervene on behalf of customers in the SEC’s case against the crypto exchange.According to the U.S. District Court for the District of Columbia, ...

Social media platform X — formerly known as Twitter — may soon advance plans to add financial services to its users, hoping to become the American equivalent of the Chinese super-app WeChat.The concept of super-apps isn’t new. Tech giant Tencent, the company behind WeChat ...

The French National Commission on Informatics and Liberty (CNIL), France’s data protection agency, is questioning the legality of Worldcoin's data collection methods, according to a Reuters report. In an email to Reuters on July 28, CNIL said: ...

This summer, parts of the United States are wilting under a multimonth stretch of sweltering heat, and data suggests that summer temperatures will continue to creep up in the coming years. The planet is on what seems to be a pretty clear path to soon reaching 1.5 degrees Celsius of warming for th ...

A former product director at Twitter, now X, has shed new light into the once inner workings of the social media firm, along with some of the peculiarities that come with working under entrepreneur Elon Musk. In a lengthy 2,400-word tweet and accompanying video, Crawford described the ...

Public companies in the United States, including listed crypto firms, will be required to disclose any major cybersecurity incidents within a four-day time limit, under new rules adopted by the United States securities regulator.The rules from the United States Securities and Exc ...

United States-based researchers have claimed to have found a way to consistently circumvent safety measures from artificial intelligence chatbots such as ChatGPT and Bard to generate harmful content. According to a report released on July 27 by researchers at Carnegie Mellon Universit ...

Crypto fund manager Grayscale is urging the Securities and Exchange Commission to approve all proposed spot Bitcoin (BTC) exchange-traded funds (ETFs) at the same time to avoid one having an advantage.A July 27 post by Grayscale Chief Legal Officer Craig Salm said its legal team submitted ...

Venture capital giant Sequoia Capital reportedly downsized its cryptocurrency fund from $585 million to $200 million, amid a liquidity crunch and a pivot away toward smaller crypto players.According to a July 27 Wall Street Journal report, the tech-focused VC firm told investors in March i ...

Stablecoins cannot be compared to bank deposits in terms of risk, argues a new policy paper authored by former Federal Reserve Board analyst Brendan Malone on behalf of technology investment firm Paradigm. The document explores the risks stablecoins pose to the financial sys ...

The Web3 ecosystem could become the next golden opportunity for digital marketers, with almost 200 companies already thinking deeply about how to utilize the Web3 tech stack.On July 25, Web3 marketing analytics firm Safary released a comprehensive report titled “The Web3 Growth Landscape 2 ...

United States prosecutors are expected to drop a charge against FTX co-founder Sam Bankman-Fried that alleged he haconspired to make unlawful campaign contributions.In a July 26 letter to District Court Judge Lewis Kaplan, U.S. Attorney Damian Williams said the government was informed ...

Cryptocurrency payments platform CoinsPaid has pointed the finger at North Korean state-backed Lazarus Group as being behind the hacking of its internal systems, which allowed them to steal $37.3 million on July 22.“We suspect Lazarus Group, one of the most powerful hacker organisati ...