Key Points: DCG has officially responded after Gemini co-founder Cameron Winklevoss announced that he had filed a lawsuit against the company and founder Barry Silbert. Silbert’s company denied Gemini...
Category: Tech
Live Tech News Updates.
UK’s financial watchdog clamps down on digital currency promotion with new regulations
The U.K. Financial Conduct Authority (FCA) has taken steps to unify digital asset advertisements by bringing them within the purview of existing financial promotion rules. The financial watchdog discl...
Polygon Labs CEO Steps Down, Chief Legal Officer Takes The Helm
Polygon Labs, the company behind the Polygon blockchain, has announced management changes as it undergoes a rebrand to the next chapter of its corporate development, known as “Polygon 2.0.” The compa...
Circle freezes $63m in USDC in response to Multichain breach
Following the detection of a substantial token movement from Multichain’s bridging networks to an undisclosed address, the platform has temporarily suspended its services. On-chain investigators had p...
China tightens rules in exporting metals used for AI chip-making
China has announced tightening its controls concerning the export of raw materials integral to creating artificial intelligence (AI) chips in response to U.S. restrictions. The Chinese Ministry of Com...
DeFi Protocol Multichain Hacked For $126 Million, PechShield Confirms
In a shocking turn of events, the cross-chain router protocol Multichain has been targeted in an exploit, resulting in significant losses. The exploit specifically targeted Multichain’s Fantom bridge,...
AI Chatbot Allegedly Backed Man’s Plan to Kill Queen Elizabeth II
A 21-year-old English man is standing trial for treason for an alleged plot to assassinate the late Queen Elizabeth II, according to a report by the Guardian—and court documents suggest that an AI cha...
Polygon Labs Shakeup: President Ryan Wyatt Out, Marc Boiron Named CEO
Ryan Wyatt, president of Polygon Labs, has announced he will be stepping down from his position at the end of the month. He will be replaced by the project’s Chief Legal Officer, Marc Boiron. Wyatt, w...
Elon Musk’s legal team responds to ‘audacious allegations’ in dogecoin case
Elon Musk’s attorneys are contesting a dismissal motion put forth by plaintiffs in the ongoing class-action lawsuit involving dogecoin investors. Elon Musk’s attorneys are contesting a complaint from ...
Gemini Lawsuit Accuses Barry Silbert and Digital Currency Group of Fraud
After threatening to do so for months, Gemini Trust Company accused Digital Currency Group (DCG) and its CEO Barry Silbert of fraud in a lawsuit filed Friday. In the complaint, the New York-based cryp...
Elon Musk Calls Motion to Kick Tesla Attorneys Off Dogecoin Lawsuit an ‘Insult’
Lawyers representing Elon Musk asked a federal judge to throw out a complaint that called for their removal after plaintiffs in a class-action lawsuit by Dogecoin investors accused them of acting impr...
Alex The Doge (ALEX) Showcase Mind-Blowing Ecosystem, The Expanding Universe of DeFi Applications on Uniswap
Advertisement     Uniswap (UNI) has emerged as a leading player, providing users with a seamless and trustless trading experience. However, a new contender, Alex The Doge (ALEX), is ma...
EU Regulators Warned: Don’t Ignore DeFi
Excluding DeFi from new crypto regulations could create “unintended risks to financial stability”, a European trade body has warned. In a white paper published on Thursday, the Association for Financi...
Genesis’ Clash With FTX Over Funds Likely to Delay its Creditor Payout: Report
According to US Bankruptcy Judge Sean Lane, Genesis, whose repayment plan was pending approval, will first have to resolve its outstanding issues with FTX. The announcement came mere hours after Camer...
Binance CEO Calls Reasons Behind Employee Turnover ‘Completely Wrong’
Binance CEO Changpeng “CZ” Zhao responded to recent media reports on several top executives leaving the company, calling them an attempt at spreading “FUD,” the industry’s colloquial acronym for...
$126M in Multichain Funds ‘Abnormally’ Moved to Unknown Address, Says Troubled Bridging Project
Cross-chain bridge Multichain has reportedly lost crypto assets worth $126 million after being locked since May. The bridge has $1.25 billion in total liquidity for facilitating cross-chain transfers,...
Traffic Dip Hits OpenAI’s ChatGPT: The First Time’s the Hardest
The rapid ascent of OpenAI’s ChatGPT in web traffic hit a stumbling block last month. After setting the tech world on fire, ChatGPT’s traffic finally dipped for the first time, revealing t...
Stable Diffusion XL v0.9 Leaks Early, Generating Raves From Users
In the thriving world of AI image generators, patience is apparently an elusive virtue. Eager enthusiasts of Stable Diffusion—arguably the most popular open-source image generator online—are bypassing...
Coinbase claims ‘more of the same’ after SEC once again refuses to engage
The SEC has responded to Coinbase, again, this time to say that it will oppose any motion brought forth by Coinbase seeking to dismiss the regulatory agency’s lawsuit. “But Coinbase’s own actions bel...
New York City Law Aimed at Curbing AI Bias Goes Into Effect
New legislation focused on artificial intelligence-driven employment tools went into effect in New York City on Wednesday, prohibiting employers and agencies from using automated employment decision t...
US Military Is Training AI to Give Orders and Handle State Secrets
The United States Department of Defense (DOD) is conducting live tests in an attempt to leverage generative artificial intelligence in its decision-making process, according to a report by Bloomberg. ...
Ripple Head Of Policy Calls For UK To Join Global Trend Of CBDC Adoption
In an interview with the Digital Pound Foundation, Ripple Head of Policy Susan Friedman shared her positive outlook on London’s potential as a crypto hub, highlighting its dedication to developing eco...
Coinbase Knew It Was Violating the Law Prior to the SEC’s Lawsuit, Regulator Claims
“Coinbase, a multi-billion-dollar entity advised by sophisticated legal counsel, argues it was unaware that its conduct risked violating the federal securities laws, and suggests that by approvi...
Coinbase domain name reportedly used by scammers in high-profile attacks
Coinbase’s users have been turning to Twitter to report scams and phishing attacks involving the company’s services and applications in the recent weeks, including claims that scammers are...
Bad Blood? FTX Called It Off With Taylor Swift, Not the Other Way Around: Reports
Collapsed crypto exchange FTX was flush with celebrity allies, including athlete ambassadors like Tom Brady and Shaquille O’Neal, but the now-bankrupt startup reportedly was on the verge of nabbing an...
Circle Is Now Closer to Launching Its Coinbase Wallet-Building Competitor
Circle today announced a new programmable crypto wallet service for developers. The service will allow those building applications to “embed secure wallets within minutes.” Circle CEO Jeremy Allaire ...
Open-source advocates launch OP Stack testnet to fund public goods
Layer-2 blockchain Public Goods Network launched a testnet on July 7, promising to spend “the vast majority of net sequencer fees” on public goods instead of paying them out to the development team or...
DeFi Traders Lost $228 Million to Hackers in 3 Months
Hackers intensified their efforts to hack cryptocurrency projects in the past year and mostly had DeFi in their crosshairs, according to a new report from Immunefi. The report, compiled by the bug bou...
Meta’s ‘Twitter Killer’ Threads Onboards Millions, But They Could Lose Their Instagram Accounts
Meta’s would-be “Twitter killer,” Threads, is off to the races after a slightly earlier-than-announced debut early Thursday morning—and already, the app is making both impressive strides a...
BIS Introduces Defensive Measures For CBDCs Against DeFi-Related Cyber Threats
Central Bank Digital Currencies (CBDCs) are part of the digital economy’s evolution. However, as these digital assets gain traction, they also become targets for cyber attacks, especially those associ...
Abracadabra Money Mulls Registering DAO as Centralized Legal Body
Abracadabra Money, a multi-chain stablecoin minting platform, has proposed to register the protocol’s governing body as a legal entity with registered “offices, trustees, and attorneys.” A project tea...
Floating Point up against wall following $20M hack
Beset by an eight-figure hack, the operations of institutional crypto prime brokerage Floating Point Group (FPG) were on the brink on Friday, according to two sources familiar with the matter. In the...