Eve Online developer and publisher CCP Games officially announced its upcoming massively multiplayer online survival game, Eve Frontier, on Sep. 12. The game will feature a unique blockchain integration allowing players to create their own self-contained economies in the game with a built-in digital-to-fiat bridge. This, according to a recent interview with CCP executives, means […]
Security News
Bill seeks to create SEC-CFTC joint committee on digital assets
The United States Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) might get along better if they talked more. At least, that is what John Rose, House of Representatives member from Tennessee and Financial Services Committee member, hopes. He introduced a bill on Sept. 12 to create a joint advisory committee on […]
China 6 months behind US on AI, says Google’s former region head
Chinese artificial intelligence models are around six months behind those being used in the United States but could soon outstrip them in terms of adoption, says Kai-Fu Lee, the former president of Google China. The less-advanced Chinese models are roughly 15 months behind their US counterparts, but leading large language models (LLMs) used by Chinese […]
US House Republicans probe SEC’s Gensler on political hiring claims
United States House Republicans have probed Securities and Exchange Commission Chair Gary Gensler, saying his agency could be hiring based on political affiliation, violating federal law. In a Sept. 10 letter to Gensler — a Democrat — GOP lawmakers Jim Jordan, Patrick McHenry and James Comer accused the agency of hiring “individuals from left-leaning organizations to fill senior roles […]
CFTC partners up to warn on crypto pig butchering scams
The United States Commodity Futures Trading Commission has partnered with a banking association and multiple federal regulators to warn consumers about “pig butchering” crypto investment scams. The American Bankers Association Foundation, a “private regulator,” and other federal regulators, including the Securities and Exchange Commission, are now working with the CFTC’s Office of Customer Outreach and […]
Indonesian crypto exchange Indodax goes offline after suspected $22M hack
Indonesian crypto exchange Indodax suffered a loss of approximately $22 million in various cryptocurrencies and has since disabled its mobile and web applications to investigate the breach. On Sept. 11, multiple blockchain investigation firms, including PeckShield, Cyvers and SlowMist, alerted against an attack on Indodax’s hot wallets. The hacker stole large amounts of Bitcoin, Tron, […]
Australian crypto investors ‘sitting on the sidelines’ for clearer laws: Swyftx CEO
Millions of potenial Australian crypto investors are “sitting on the sidelines” until regulations around the market are clearer, says the head of a local crypto exchange. Jason Titman, the CEO of Swyftx, told Cointelegraph that his firm predicts between two to six million Australians will enter crypto when “the dust has settled on regulation.” A Swyftx survey found nearly […]
Atomic Wallet wins dismissal of class suit over $100M hack
A United States federal judge has tossed a class-action lawsuit against Atomic Wallet after it failed to show the court it had jurisdiction over the Estonian crypto firm. In a Sept. 10 order, Colorado district court judge Philip Brimmer dismissed claims against Atomic Wallet, its CEO Konstantin Gladyshev, shareholder Pavel Sokolov and Evercode Infinite — […]
SEC ‘dug in’ on bank crypto custody rule as agency’s stance ‘unchanged’
The United States Securities and Exchange Commission has seemingly “dug in” on its stance on a rule that would curtail crypto custody services for regulated financial firms. In a Sept. 9 address to a banking conference, SEC chief accountant Paul Munter discussed the agency’s regulatory stance on accounting for crypto assets, focusing on SEC Staff Accounting Bulletin […]
Kujira team to build new THORChain app layer following ‘Rujira’ merge
Decentralized finance (DeFi) network Kujira and several of its major ecosystem projects have agreed to merge into a single entity called the “Rujira Alliance” to build a new application layer for cross-chain liquidity protocol THORChain. The new application layer wouldn’t just be “another little project” but a new DeFi “behemoth” that could one-day rival Solana, […]
