Security News

The savviest traders in the world could one day allow their expertise and financial portfolios to live on long after they’ve died through the magic of artificial intelligence. At least that’s the premise increasingly being pitched by AI enthusiasts and futurists such as Ray Kurzweil and Elon Musk. Other insiders, such as Anthropic AI’s Dario Amodei, believe […]

The United States Department of Justice announced that Juan Tacuri — a senior promoter of the Forcount Ponzi scheme, which was later rebranded to Weltsys — was sentenced to 20 years in prison on Oct. 15. According to an announcement from the Southern District of New York, Tacuri was also ordered to pay $3,610,718 in […]

Senator Elizabeth Warren and crypto lawyer John Deaton exchanged blows over crypto policy in their first debate of the race for a seat as a United States senator from Massachusetts. Deaton, a Republican candidate, called out Democrat rival and incumbent Warren during the Oct. 15 debate for focusing on building an “anti-crypto army” instead of prioritizing other […]

Bitcoin’s market share reached its highest level since April 2021 as the cryptocurrency’s price continued to climb amid a muted altcoin market. Bitcoin’s dominance hit a three-and-a-half-year high of 58.77% during late trading on Oct. 15, the same time it hit a 10-week high of $67,800, according to TradingView. Bitcoin BTC$66,857 retraced sharply to $64,880 before climbing back to trade just […]

Salvadorans haven’t yet warmed to their country’s adoption of Bitcoin as legal tender, with a recent survey finding that 92% don’t make transactions using the cryptocurrency. Just 7.5% of respondents to an Oct. 10 survey from the San Salvador University Francisco Gavidia said they used Bitcoin BTC$66,866 to make transactions, while 0.5% chose not to respond to the question. […]

An increasing number of users are falling victim to an old trading bot scam that’s been rebranded to take advantage of the hype around artificial intelligence, says blockchain security firm SlowMist. In an Oct. 13 Medium post, SlowMist said cybercriminals have adapted to trending topics by using OpenAI’s ChatGPT in the name of their scam bots in a […]

United States presidential candidate Kamala Harris is friendlier toward cryptocurrency than her boss, President Joe Biden, but not nearly as pro-industry as rival Donald Trump, Galaxy Research said on Oct. 14. Harris promises to meaningfully improve the regulatory environment for US crypto firms, but she holds unfavorable positions on other relevant issues, such as taxes, […]

An FTX customer is suing hedge fund Olympus Peak, alleging the firm owes him additional recovery after he sold his claims in the collapsed trading platform. Nikolas Gierczyk, an FTX user from California, reportedly sued the hedge fund Olympus Peak, claiming the company could gain more than $1 million from their deal. Gierczyk alleges the hedge fund failed […]

The Central Bank of the United Arab Emirates (CBUAE) has granted in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework, the company announced in a press release. AED Stablecoin’s preliminary license approval makes it a frontrunner in the race to become the first issuer of a regulated dirham-pegged stablecoin in the UAE. This development […]

Prediction markets saw significant growth in the third quarter of 2024, driven by bets on the upcoming United States presidential election, which could have wide-reaching effects on cryptocurrency regulations. The betting volume on prediction markets rose over 565.4% in Q3 to reach $3.1 billion across the three largest markets, up from just $463.3 million in […]