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…
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…
NEAR, the native token of the Near Protocol, continued its uptrend after rising by 2.3% over the last 24 hours to trade at $5.21. Data fromCointelegraph Markets ProandTradingViewshow that after falling to a Sept. 6 low at $3.41,NEAR$5.23climbed by 57% to establish an eight-week high at $5.36 on Sept. 24. NEAR $5.23 NEAR/USD daily chart….
Coinbase’s lobbying group, Stand With Crypto, has retracted its labeling of Kamala Harris as “supports crypto” on its website and says it has now changed how it scores politicians following strong backlash. The group, which publishes its rankings of United States politicians on their support of crypto based on public comments, gave the Democrat’s presidential…
MicroStrategy’s BitcoinBTC$63,942buying spree has been a “key driver of its stock’s outperformance,” and the company should consider “beginning to generate yield by lending out a portion of its Bitcoin holdings,” according to a Sept. 24 analyst report shared with Cointelegraph. BTC $63,942 The company’s stock, MSTR, could be worth $215 per share if MicroStrategy continues…