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August 24, 2023
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Published by Victoria Kyle at August 24, 2023
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Cypher announces recovery plan, says it will ‘socialize’ losses in initial stage

Cypher announced that losses from its exploit will be distributed among users in an initial stage, then compensated through protocol revenue when the platform relaunches.   […]
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August 24, 2023
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Published by Victoria Kyle at August 24, 2023
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Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report

The police force of Israel reportedly recommended to prosecutors that Moshe Hogeg be charged with fraud, theft, and money laundering and sex crimes.   Israeli entrepreneur […]
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August 24, 2023
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Published by Victoria Kyle at August 24, 2023
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‘The race is on’ for AI: Nvidia CEO bullish as Q2 revenue crushes estimates

Nvidia shares soared nearly 10% in after-hours trading, as the company beat Wall Street analyst expectations by more than $2 billion.   Shares of chip-making giant […]
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August 23, 2023
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Published by Victoria Kyle at August 23, 2023
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Crypto amplified financial risks in emerging markets: BIS papers

The central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto but warned against excessively prohibitive laws.   The […]
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August 23, 2023
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Published by Victoria Kyle at August 23, 2023
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Chinese official sentenced to life in prison for Bitcoin mining, corruption

Xiao Yi was accused of abuse of power and corruption in operating a $329 million Bitcoin mining enterprise.   China’s uncompromising stance on illicit cryptocurrency operations […]
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August 23, 2023
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Published by Victoria Kyle at August 23, 2023
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BlockFi argues FTX, Three Arrows Capital aren’t entitled to repayments

BlockFi argues its creditors, not FTX’s, are the “ultimate victims” of FTX’s alleged fraud.   The insolvent cryptocurrency lender BlockFi is striving to obstruct efforts from […]
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August 22, 2023
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Published by Victoria Kyle at August 22, 2023
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Coin Center responds to US lawmakers’ request for crypto tax guidance

The crypto advocacy group’s suggestions included a de minimis exemption for crypto transactions and having the IRS provide guidance on block rewards, airdrops and hard forks. […]
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August 22, 2023
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Published by Victoria Kyle at August 22, 2023
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Central African Republic expands Sango project to land, resource tokenization

Asset tokenization has been in the works for a year. The ambitious project has also included investor citizenship and an island in the metaverse.   The […]
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August 22, 2023
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Published by Victoria Kyle at August 22, 2023
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AI unlikely to destroy jobs, but cost to certain workers may be ‘brutal’ — UN study

The International Labour Organization study says that AI will more likely augment jobs than destroy them, though certain roles could be at more risk than others. […]
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August 21, 2023
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Published by Victoria Kyle at August 21, 2023
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Friend.tech generates over $1M fees in 24h, surpassing Uniswap, Bitcoin networks

Launched in beta on Aug. 11, the platform allows users to tokenize their social network by buying and selling “shares” of their connections.   Recently launched […]
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