Navigating the Future of International Technology
The social finance (SocialFi) sector can learn valuable lessons from the collapse of Friend.tech, helping to drive the next generation of projects to sustained long-term success. SocialFi reimagines social media with decentralized structures, promising users greater control over their data, privacy and monetization opportunities. Friend.tech linked its decentralized social media platform to X, catching a…
Artificial intelligence firm OpenAI has begun rolling out its long-awaited “Advanced Voice” feature for select ChatGPT users. “Advanced Voice is rolling out to all Plus and Team users in the ChatGPT app over the course of the week,” OpenAI said in a Sept. 24postto X. “It can also say ‘Sorry I’m late’ in over 50…
United States Congressman Tom Emmer slammed SEC Chair Gary Gensler during a congressional hearing, calling him the most “destructive” and “lawless” Chair in the regulator’s 90-year history. “You’ve made up the term crypto asset security. This term is nowhere to be found in statute, you made it up [and] you never provided any interpretive guidance…
Crypto wallet provider Exodus has announced a sizeable donation to the Stand With Crypto Alliance in an effort to garner more political support for the industry from American voters. On Sept. 24, Exodus, the firm founded in 2015 behind the popular crypto wallet,announcedits $1.3 million donation to the Stand with Crypto political action committee (PAC)…
Bitcoin has been mislabelled as a “risk-on” asset, according to BlackRock’s head of digital assets, Robbie Mitchnick. “What’s happened a little bit in the crypto industry is a bit of an own goal,” said Mitchnick in aninterviewwith Bloomberg on Sept. 24. “Some of the crypto research type publications and daily commentaries have taken the fact…
The Bank of New York Mellon (BNY) is moving toward providing custody services for its exchange-traded fund (ETF) clients’ Bitcoin and Ether after the United States Securities and Exchange Commission (SEC) gave it a pass on observing controversial crypto accounting guidelines. The SEC’s Office of the Chief Accountant conducted a review earlier this year and…
On Sept. 24, former Alameda Research CEO Caroline Ellison was sentenced to two years in a minimum-security prison for her role in FTX’s collapse. The sentence was handed down by Judge Lewis Kaplan in the District Court of Southern New York, who determined that Ellison must also forfeit the roughly $11 billion she earned from…
Lawmakers grilled SEC Chair Gary Gensler at a congressional hearing, with one calling him the most “destructive” Chair in the history of the SEC. Former Alameda Research CEO Caroline Ellison was sentenced to two years in prison, and a Bitget report suggests the TON ecosystem may need to separate itself from Telegram due to ongoing…
Decentralized finance (DeFi) pioneer Sky, formerly Maker, is reconsidering its plan to offboard Wrapped Bitcoin (WBTC) as collateral for its lending protocol after receiving a new recommendation from one of its key advisers, BA Labs. On Sept. 24, BA Labs recommended pausing the WBTC offboarding plan following a lengthyconversationwith BitGo co-founder Mike Belshe on Sky’s…
Venezuelan opposition leader María Corina Machado‘s proposal to include BitcoinBTC$63,931in the country’s national reserves appeals to both Venezuelans and Bitcoin supporters alike. BTC $63,931 However, there’s a lingering distrust in the country’s political system and uncertainty over whether this proposal could realistically help the current crisis or if it’s just political posturing. On Sept. 6,…