Key Points: Fenwick & West faces a lawsuit alleging alleged multi-billion-dollar fraud by FTX. Plaintiffs claim an implicit agreement to deceive clients; exchange insiders are involved. Fenwick &a...
Category: Tech
Live Tech News Updates.
Is Algorand Teaming Up With Clinton Foundation To Fight Climate Change?
Altcoin Daily claims Algorand was working in collaboration with the Clinton Foundation to fight climate change. The crypto community reacted negatively to the news, with many claiming they would sell ...
Will It Retreat to $220 Support?
Published 1 hour ago Amid the rising indecisiveness in the crypto market, the Binance coin price has witnessed a sideways trend for the past three weeks. This consolidation of around $240 with short-b...
Shiba Inu emerges as top gainer amid high whale activity
The second-largest meme coin, Shiba Inu (SHIB), became the top gainer among the leading 100 cryptocurrencies. Its price got close to the $0.00001 mark. Santiment data shows that SHIB’s recent rallies ...
CoinsPaid Says Systems Were Under Attack For Six Months
In a new report, Estonia’s preeminent crypto payment and personal wallet provider, CoinsPaid, has revealed the intricate workings of a hacking incident that led to a colossal loss of $37 million. This...
Aptos to release Microsoft-powered AI chatbot in bid to boost adoption
On Wednesday, Microsoft and Aptos Labs announced a partnership to build an artificial intelligence chatbot while also exploring asset tokenization. Aptos will also run validator nodes on cloud platfor...
Former FTX exec Ryan Salame and US prosecutors are discussing a plea deal: Report
Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly discussing a guilty plea with authorities in the United States. According to an Aug. 8 Bloomberg report, lawyers for Salame could e...
BinanceUS Launches Poll To Spotlight XRP Unique Consensus Algorithm
BinanceUS, the US-based sister exchange to Binance, rolls out crypto trivia on Twitter, placing the XRP network’s unique consensus algorithm in the spotlight. To engage its Twitter followers and cust...
Russia to Start Digital Ruble Tests on Aug. 15 With Banks, Clients
“The launch of pilot operations with real digital rubles is the most important stage of the project,” the Bank of Russia said in Wednesday’s announcement. “This will allow us to test...
CBDCs Are Threat to Liberty Says U.S. Presidential Candidate
Market News The presidential candidate also highlighted that China is adopting CBDCs. Congressman Warren Davidson also recently called for a ban on CBDCs. The crypto market has experienced massive gro...
VCs firms face class action amid allegations of abetting FTX fraud
A class action complaint, recently filed on Aug. 7, implicates several venture capital firms, painting a grim picture of alleged gross financial mismanagement and deceptive practices. The plaintiffs, ...
Africa Buying DigiToads (TOADS) As Token DeFies Odds & Soars
Surprisingly, the Kenyan government has boldly banned Worldcoin (WLD), a once-promising digital currency, within its borders. This move has sent shockwaves through the cryptocurrency market, prompting...
13 Russian Banks Will Kickstart Digital Ruble Trial
The Bank of Russia has officially unveiled its pilot trials for the nation’s prospective CBDC, the digital ruble, according to an anouncement on August 9. The pilot, which will start on August 15, wil...
Musician Grimes Is ‘Pathologically Optimistic’ About AI
Claire Boucher, better known as her musician persona Grimes, said that AI could give her the chance to live forever, while she meanwhile imagines traveling into space on a one-way trip to Mars. In a w...
CEO of Leading Exchange Arrested in South Korea
The CEO of a prominent virtual asset exchange was recently arrested in South Korea, who allegedly participated in a crypto fraud scheme involving over 10 billion won (approximately $8 million). Based ...
Swisstronik Bug Bounty 1.0 launches with rewards of up to $31,000 per bug!
Swisstronik, the layer-1 network for building regulatory-compliant dApps with enhanced data privacy, is pleased to announce the launch of its first testnet and Bug Bounty program with rewards reaching...
Microsoft Partners With Aptos To Explore AI Applications
According to a recent report, Microsoft continues doubling its interest in blockchain technology; the tech giant partnered with Aptos Labs. The partners will build an AI-based tool called Aptos Assist...
Bitstamp suspends trade for seven SEC-flagged tokens
Key takeaways Bitstamp has halted trading of AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL for traders in the United States. The exchange made the decision as the tokens are flagged by the US SEC as secur...
USDC market cap craters as USDT expands—why are people still pretending Tether is legit?
Reports recently surfaced that the market cap of USDC has fallen by more than 40% this year. Currently, the total market cap of the most regulated stablecoin stands at $26 billion. Part of the reason ...
John Deaton Bets On Summary Judgment
XRP News: John Deaton, the attorney who represents over 75,000 XRP token holders in the Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC), reiterated his confidence on the lack ...
Prosecutors will still consider Sam Bankman-Fried’s alleged campaign finance scheme at trial
The United States Attorneys’ Office has announced another superseding indictment against former FTX CEO Sam Bankman-Fried, also known as “SBF,” which will include consideration of an alleg...
Shiba Inu and DigiToads surge amid Shibarium beta bridge release
Among the larger and more dominant downward trend, several pockets of growth have erupted within crypto. One specific area attracting capital and attention has been a sub-category of the meme coin gen...
Coinbase aims to make it easier for ‘mom and pop’ to go on-chain
It’s still not easy enough for Mom and Pop to go “on-chain,” Santiago Santos says. While Mom and Pop probably won’t be hopping on-chain any time soon, Coinbase protocols lead Jesse Pollak agrees with...
SOL Price Analysis: SOL Price Bouncebacks With A Golden Crossover; Will Solana Cross $30?
The SOL prices increased by 89.71% between June and July 2023, resulting in a jump from $14.48 to $27.47. Failing to absorb the supply pressure above $30, the SOL price trend entered a correction rall...
Another Major XRP Listing in US Coming? As Gemini Says “Xpressing Xcitement About XRP”
(Updated: August 9, 2023, @ 09:32:44 UTC) Gemini recently made a cryptic tweet about XRP, sparking speculation about the exchange listing the digital asset. In a recent tweet, US-based crypto exchange...
WisdomTree Reports Monthly Metrics for July 2023
Month-ending AUM of $97.5 billion, the 6th new all-time high achieved in 2023 Equity-based strategies (U.S. + non-U.S.) generating a ~16% annualized pace of organic growth YTD NEW YORK–(BUSINESS WIRE)...
Binance secures license in El Salvador, here’s what it means for the exchange
Binance became the first fully licensed crypto exchange in El Salvador. BNB reacted slightly to the development with an over 1% price increase. Binance has received a license to operate in El Salvador...
Nigeria’s Bank Association Wants Binance Out Over Added Strain to Naira
The Association of Bureaux De Change Operators of Nigeria (ABCON) expressed concerns on August 9 over the cryptocurrency giant, Binance’s “unfortunate” influence on the nation’s economy. A strong appe...
AI Chatbots Promote ‘Harmful Eating Disorder Content’: Report
Artificial intelligence is perpetuating eating disorders in young people, claims a new report released Monday. The Center for Countering Digital Hate—which is separately involved in litigation with Tw...
Chainlink Whales Splurge Over $100 Million On LINK Buys Amid Surging Developer Activity ⋆ ZyCrypto
Advertisement     Chainlink whales have injected a staggering $100 million into the market by acquiring around 14 million LINK tokens in just one week. This purchase surge coincides wi...
Google and Universal Music Collaborate on AI Revenue Tool
Google and Universal Music Group (UMG) are in talks to compensate the music industry for using artists’ voices and melodies. Several artists’ voices have already been used in synthetic music without c...
Artificial intelligence (AI): SEC chairman expresses concern
According to Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), Artificial Intelligence (AI) will be the cause of future financial crises. SEC and Artificial Intelligence (AI)...