Tether shuns blockchain launch, cites market concerns
Tether’s decision to avoid launching its blockchain stems from the crowded market and strategic alignment with existing platforms. Go to Source
Month: August 2024
Fetch.ai launches Innovation Lab with $10M fund for startups
Fetch.ai is opening an Innovation Lab in San Francisco for early-stage startups working with AI agents. Go to Source
RFK Jr drops out of presidential elections race, while Trump takes lead on Polymarket
Kennedy is set to address the nation from Arizona on Aug. 23 and could potentially reveal more support for Trump’s presidency. Go to Source
Is XRP bottoming out versus Bitcoin? Chart fractal mirrors 500% rally setup
XRP price is mirroring a 2021 bullish chart fractal that preceded a 500% rebound. Go to Source
China accessing high-level AI chips banned by the US: Report
Documents have surfaced revealing state-linked Chinese entities using Amazon cloud services or similar services to access advanced AI chips and capabilities banned by the US. Go to Source
Clucoin Founder Pleads Guilty to Crypto Fraud, Confesses to Personal Use of Investor Funds
The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his social media influence to attract investments, which he then misappropriated. He faces up to 20 years in prison. Clucoin Founder … Read more
$24M CryptoPunk sale shows either ‘NFTs are over’ or ‘this is the bottom’
SideShift.ai CEO Andreas Brekken believes CryptoPunk ##5822 was “most definitely” sold at a loss and that NFTs are “going to zero.” Go to Source
El Salvador’s Bitcoin holdings grow by 162 BTC with daily buys
With each new Bitcoin purchase, the country’s financial future becomes increasingly tied to the fortunes of an unpredictable crypto market. Go to Source
Brazilian Securities Regulator Greenlights Second Solana Spot ETF
The Brazilian Securities Regulator (CVM) approved a solana spot exchange-traded fund (ETF) on Tuesday, the second of its kind in the country. According to data from the CVM database, this new instrument will be offered by Hashdex, a Brazil-based cryptocurrency asset management company with nearly a billion in assets under management held locally, in partnership … Read more
Anthropic jumps in on tug-of-war over California AI bill
Things are heating up on the AI legislation front with Anthropic voicing its support of an AI bill introduced by senator Scott Wiener, one which received a letter of opposition from OpenAI. Go to Source