SEC steps back from defining digital assets in new hedge fund rules
The SEC and its staff are “continuing to consider” the term “digital assets” despite proposing a definition of the term...
Day: May 3, 2023
ChatGPT and AI the newest vector for malware: Meta security team
Security researchers at Meta said “bad actors” have flocked to generative AI because it’s the latest tech to capture “people’s...
36% of the top 1,000 crypto projects went silent on blogging this year
A whopping 35.8% of the world’s largest crypto projects haven’t uploaded a single blog post in 2023. More than a...
FTX seeks to claw back $4B from Genesis in a battle of the bankrupt
The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent”...
Jury convicts former OpenSea manager in NFT-insider trading case
Prosecutors claimed Nathaniel Chastain profited from inside information as to which NFTs would be featured on the marketplace. The former...
Google DeepMind CEO Demis Hassabis says we may have AGI ‘in the next few years’
The CEO of Google DeepMind says human-level AI could emerge before 2033 — an event that could radically alter how...
CoinShares Reports Second Consecutive Week Of Outflows
Digital asset investment products saw outflows for the second consecutive week as investors are feeling cautious about the market following...
White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto Mining
On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured...
Federal Reserve Raises Interest Rate by 25bps, Insists ‘US Banking System Is Sound and Resilient’
The U.S. Federal Reserve, in conjunction with the Federal Open Market Committee (FOMC), announced on Wednesday that the central bank...
BRC20 Token Standard Sparks Frenzy in Bitcoin Community With Market Cap Surpassing $95 Million
As of May 3, 2023, the Bitcoin blockchain has witnessed a staggering 3.35 million Ordinal inscriptions, and a new experimental...
SportVerse: Feel the Thrill of Your Favorite Game
PRESS RELEASE. Do you hear the distant roar of numerous stadiums? Are you ready for the next sport challenge? Do...
State regulators crack down on fraudulent cryptos promoted as ‘Elon Musk AI Tokens’ and ‘TruthGPT Coin’
According to the cease and desist order, investors are being given the impression that Elon Musk endorses "TruthGPT Coin". The...
Robinhood returns to court to defend position in case brought by US state regulator
The Massachusetts secretary of the commonwealth's office filed a complaint against Robinhood in December 2020 alleging the platform was in...
Digitalization won’t displace commercial bank money any time soon: Moody’s
Even as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new...
Bitcoin BRC-20 token standard becomes new destination for meme tokens
The BRC-20 token market cap has seen a 600% rise in the past week, with its transaction volume overtaking standard...
