Venture capital firm Digital Currency Group (DCG) has filed a motion to dismiss a lawsuit brought by cryptocurrency exchange Gemini which alleged fraud related to its Earn program. In an Aug. 10 filing with United States District Court for the Southern District of New York, lawyers for DCG and its CEO Barry Silbert alleged Gemini’s…
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A newly discovered vulnerability in the Libbitcoin Explorer 3.x library has allowed over $900,000 to be stolen from Bitcoin users, according to a report from blockchain security firm SlowMist. The vulnerability can also affect users of Ethereum, Ripple, Dogecoin, Solana, Litecoin, Bitcoin Cash and Zcash who use Libbitcoin to generate accounts. SlowMist Security Alert Recently, #Distrust…
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Prosecutors and defense lawyers agreed to a bail modification having the former Celsius CEO under electronic monitoring and largely be restricted from moving funds over $10,000. Source link
Stablecoins are at the heart of a dollar-based revolution and could be a pivotal factor in keeping the United States dollar the dominant global currency, according to an Aug. 9 opinion piece published in The Wall Street Journal. The authors, Brian Brooks and Charles Calomiris, urged Congress to implement a “sound and stable regulatory framework” for…
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The emergence of high-level artificial intelligence (AI) technology has caused the United States and China to safeguard their resources in a race to develop the most powerful systems. A tense relationship is developing between the two world powers, as the Biden Administration announced it would limit Chinese tech investments in semiconductors, quantum computing and AI. This…
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Apple wants to put an AI in your pocket Apple has been playing its cards close to its chest when it comes to AI. While rival Microsoft has jumped on the ChatGPT bandwagon and is integrating AI into everything despite the bugs and hallucinations, the acronym didn’t even get a mention at Apple’s Worldwide Developers…
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San Fransico-based Sofi Bank revealed it holds $170 million in crypto on its balance sheet in the Q2 earning report. The United States bank that serves over 6 million customers has seen a significant increase in its crypto holdings compared to the last quarter. The bank holds Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Cardano (ADA),…
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Indian citizens might soon have the option to sign documents digitally through crypto tokens. The feature is envisaged as part of a project to develop a national web browser spearheaded by the Ministry of Electronics and Information Technology. On Aug. 9, the ministry announced the launch of the Indian Web Browser Development Challenge, which hopes…
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Bitcoin (BTC) hovered near $29,500 on Aug. 10 as markets braced for a fresh United States Consumer Price Index (CPI) print. BTC/USD 1-hour chart. Source: TradingView Trader warns of Bitcoin “downside” despite CPI volatility Data from Cointelegraph Markets Pro and TradingView showed BTC price action stabilizing in the run-up to the CPI release — itself…
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In France, amendments to the existing crypto regime will come into effect next year to align national regulations with the pan-European framework set by Markets in Crypto-Assets (MiCA). The Autorité des Marchés Financiers (AMF), France’s principal financial authority, announced the provisions of its General Regulation and its policy on digital asset service providers (DASPs) to…
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