Terraform Labs bankruptcy reorganization hearing set for September
The court’s decision will determine if the company can restructure or must liquidate. Go to Source
Month: August 2024
Abu Dhabi proposes framework for fiat-referenced tokens
FRTs are a type of stablecoin backed by liquid assets denominated in the same currency as the token and can be liquidated with minimum adverse price effect. Go to Source
Binance Faces Renewed Legal Battle Over Alleged Crypto Money Laundering
Binance and its former CEO, Changpeng Zhao (CZ), are facing a revived class action lawsuit in the U.S. District Court for the Western District of Washington, Seattle. The lawsuit, filed by three cryptocurrency investors, alleges that Binance facilitated money laundering of stolen crypto assets, making them untraceable. The plaintiffs claim that their stolen crypto was … Read more
McAfee introduces AI deepfake detection software for PCs
McAfee releases the first AI-powered deepfake detection software, available for select Lenovo AI PCs, which aims to protect users from “digital deception” through AI-generated fake content. Go to Source
Bitcoin macro top due in 2025 despite ‘confusing’ March all-time high
Bitcoin still has the best of its bull market ahead of it, trader and analyst CryptoCon believes, with a six-figure BTC price target to match. Go to Source
Crypto phishing attack drains $55M from whale’s wallet
Blockchain security experts warn against signing unknown transactions and highlight the growing threat of phishing scams in crypto. Go to Source
Roman Ziemian Arrested in Montenegro for Alleged $21 Million Cryptocurrency Fraud
Roman Ziemian, co-founder of the cryptocurrency platform Futurenet, was arrested in Montenegro for allegedly orchestrating a $21 million cryptocurrency fraud scheme. The arrest was part of an international law enforcement operation involving Montenegrin authorities and Interpol. Ziemian, who was living under a false identity in Podgorica, now faces potential extradition to either Poland or South … Read more
Tether Treasury’s $1 Billion USDT Mint Spurs Bullish Momentum In Crypto Market
Today, the crypto market is experiencing a strong bullish trend, driven by the latest minting activity from Tether Treasury. According to Lookonchain, Tether Treasury minted another 1 billion USDT on the Tron Network earlier today, adding to the ongoing surge in market enthusiasm. Over the past year, Tether has minted a staggering 33 billion USDT, … Read more
AVAX’s Rollercoaster Ride: A Surge, A Correction, And What’s Next
At the end of 2023, AVAX experienced a dramatic surge, skyrocketing from $9 to $44 in just two months. However, the price has since settled around $20, a level that previously served as resistance. Currently, there’s little on-chain resistance to hinder AVAX’s price movement, leaving its trajectory largely dependent on broader market sentiment. At the … Read more
OpenAI offers GPT-4o fine-tuning for companies in AI service shift
OpenAI is paving the way for a new era of AI as a service and increasing its model training materials. Go to Source