After seeing the largest multi-week inflows in recent months, cryptocurrency investment products are back to seeing major outflows amid strong economic reports in the United States. Digital asset investment products saw outflows totaling $305 million last week, driven by “stronger-than-expected economic data” in the US, CoinShares stated in its latest digital asset fund flows report published on Sept. 2. […]
Security News
Vitalik Buterin has radical scheme for the pseudo-decentralization of entire cities
Ethereum co-founder Vitalik Buterin recently shared an innovative blueprint for a city that would be built on as a hybrid enveloping the principles of democracy, capitalism, and decentralization. His commentary came during replies to a post on Farcaster, the cryptocurrency luminary’s social media platform of choice. Source: Vitalik Buterin. For-profit cities The topic at hand was […]
Area 51 for AI? US gov secures early access to cutting edge models
Artificial intelligence firms OpenAI and Anthropic recently agreed to give the US AI Safety Institute early access to any “major” new AI models developed by their respective firms. While the deal was purportedly signed over mutual safety concerns, it’s unclear exactly what the government’s role would be in the event of a technology breakthrough with significant safety […]
80-year-olds making crypto withdrawals will ‘get a call,’ says crypto exec
Crypto exchanges need to be more vigilant than ever in preemptively contacting customers to protect them from scams, with one particular group needing extra attention, according to a crypto exchange exec. “If we see an 80-year-old making a crypto withdrawal, they are going to get a call,” Independent Reserve CEO Adrian Przelozny said in an […]
Vitalik Buterin denies selling Ether for profit
Ethereum co-founder Vitalik Buterin has refuted allegations that he sold millions of dollars of Ether for personal profit. He claimed to have sold his ETH holdings only to support various crypto projects and philanthropic initiatives. On Aug. 30, a crypto community member on X accused Buterin of dumping over $2 million worth of Ether after […]
Hong Kong accepts crypto license application past deadline
The Hong Kong Securities and Futures Commission (SFC) has granted a new digital asset exchange license to Hong Kong Digital Asset Xchange Limited (HKDAEx) despite the May 31 deadline having passed. HKDAEx, a company based in Hong Kong and a member of the Hong Kong Financial Asset Exchange Group, submitted an application for a digital […]
Brazilian judge suspends X after Elon Musk refuses to name representative
A Brazilian Supreme Court justice has ordered social media platform X to be suspended in Brazil after Elon Musk refused to name a legal representative for the firm. According to an Aug. 30 Associated Press report, Justice Alexandre de Moraes followed through with his intention to shut down X’s Brazilian operations if Musk failed to appoint […]
Breaking: French President Macron denies inviting Pavel Durov to France
On Aug. 29, French President Emmanuel Macron delivered a press conference during his diplomatic visit to Serbia. During the televised visit, the French leader told reporters that he did not invite Telegram co-founder Pavel Durov to the country, nor was he aware of his trip to France. According to a translated version of Macron’s response, […]
Ex-FTX exec scraps vacating guilty plea, refers matter to partner’s case
Ryan Salame, the former co-CEO of FTX Digital Markets, has withdrawn a petition to vacate his guilty plea for violations of campaign finance and money-transmitting laws. In an Aug. 29 filing in the United States District Court for the Southern District of New York, Salame’s legal team told the court his longtime partner, Michelle Bond […]
Elon Musk, Tesla beat Dogecoin manipulation lawsuit
Elon Musk and his electric automotive company, Tesla, have won the dismissal of a lawsuit that accused them of manipulating the price of Dogecoin, causing $258 billion in damages. The lawsuit was tossed in an Aug. 29 decision by Judge Alvin Hellerstein of the United States District Court for the Southern District of New York. Hellerstein said […]