The founder and CEO of Rumble — a YouTube alternative billing itself as “immune to cancel culture” — said he has “departed” from Europe after Pavel Durov, the CEO of encrypted messaging app Telegram, was arrested. “I’ve just safely departed from Europe,” Chris Pavlovski, a Canadian national, posted on X on Sunday, Aug. 25. He claimed France […]
Security News
French authorities to issue statement on Pavel Durov’s detention
Update 7:15 am UTC: Added info about the extension of the detention period of Telegram CEO Pavel Durov in France. French authorities have extended the detention of Telegram CEO Pavel Durov following his arrest in Paris over alleged offenses related to the Telegram messaging app in Europe. The magistrate investigating Durov’s case in France extended […]
US trustee challenges FTX reorganization plan, citing legal concerns
The ongoing FTX reorganization proceedings have taken a new turn as the United States trustee overseeing the case has raised significant objections to the crypto exchange’s amended reorganization plan. The trustee, Andrew Vara, along with a group of creditors, has filed complaints highlighting multiple flaws in the proposed plan, which the FTX estate has touted as having […]
WazirX slams external forces for delaying restructuring efforts
Indian crypto exchange WazirX has criticized external forces that it claims are deliberately hindering its recovery efforts. The criticism came after the exchange announced a comprehensive restructuring plan designed to restore financial stability and enhance the security of its users’ assets. External interference In the public statement on X, WazirX criticized unnamed external parties for allegedly attempting […]
Stakeholders urge Nigeria to adopt compliance-focused crypto regulation
Local crypto stakeholders have voiced strong support for a regulatory framework centered on compliance rather than criminalization for Nigeria’s cryptocurrency industry. Obinna Iwuno, former president of the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), has emerged as a key advocate for a more balanced and constructive approach to crypto regulation in the country. Plea […]
Crypto advocates file brief against SEC’s investor tracking database
The DeFi Education Fund and the Blockchain Association jointly filed an amicus brief in a case brought by two individuals and the New Civil Liberties Alliance (NCLA) against the United States Securities and Exchange Commission (SEC), its chairman Gary Gensler and the Consolidated Audit Trail (CAT). The complaint does not mention cryptocurrency or blockchain, but […]
Tether has ‘redistributed’ $108.8M in USDT from illicit activity since 2014
Stablecoin issuer Tether has helped over 145 law enforcement agencies recover more than $108.8 million in USDT linked to illegal activities since its launch in 2014, according to a recent statement. “Tether remains resolute in its mission to support global law enforcement efforts in combating illicit uses of cryptocurrency,” Tether CEO Paolo Ardoini wrote in an Aug. […]
EU AI rules stifle innovation, Meta and Spotify CEOs warn
The CEOs of Meta and Spotify have voiced their concerns over what they see as overly restrictive artificial intelligence regulations in the European Union. In a public alignment, Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek published joint statements on Friday, criticizing the EU’s approach to AI regulation, particularly regarding open-source AI development. The crux of […]
RFK Jr drops out of presidential race, while Trump takes lead on Polymarket
Independent candidate Robert F. Kennedy Junior has withdrawn from the 2024 presidential elections in the United States. Kennedy withdrew from the election race on Aug. 22, according to a document filed to the Arizona Secretary of State. RFK withdraws from the presidential race. Source: Arizona Secretary of State The withdrawal comes ahead of Kennedy’s upcoming […]
Fetch.ai launches Innovation Lab with $10M fund for startups
Decentralized machine learning platform Fetch.ai is launching a hub in San Francisco, California to advance artificial intelligence technology. The new hub, Innovation Lab, will onboard early-stage startups working on AI agent solutions — software that uses artificial intelligence to perform specific tasks or make decisions for users or other systems. According to Fetch.ai, it will […]