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…
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…
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…
Cardano’s Voltaire-era governance overhaul prevents it from becoming a “dictatorship” like Ethereum and sidesteps the “anarchy” of Bitcoin, its founder Charles Hoskinson said. Speaking to Cointelegraph at Token2049 in Singapore, Hoskinson attacked Ethereum’s governance model, claiming it relies too heavily on its co-founder Vitalik Buterin for direction. Hoskinson said that blockchains can elect to keep…
The United States Department of Justice (DOJ) has filed an antitrust suit against payments giant Visa for allegedly operating a debit payments monopoly. A complaintfiledin a federal court in New York on Sept. 24 alleged that Visa uses exclusivity agreements and the threat of penalties against vendors to prevent competition from infringing on the company’s…
BitcoinBTC$63,195stands to win big thanks to macroeconomic liquidity driven by both the United States and China, traders say. BTC $63,195 In its latest bulletin to Telegram channel subscribers, trading firm QCP Capital joined voices calling for BTC price gains on the back of a “pivotal moment” for markets. Global market “optimism” follows China’s policy easing…
The Swedish Police Authority and the Financial Intelligence Unit (FIU) have classified cryptocurrency exchanges as “professional money launderers (PML)” following an analysis of services provided by unlicensed and illegal providers. According to the FIU, PMLs have criminal links and enable several individuals and criminal networks to systematically launder money. Based on their analysis of underlying…
Solana-based decentralized exchange Mango Markets could soon be fined another $500,000 to settle allegations brought by the United States Commodity Futures Trading Commission (CFTC). In a Sept. 22proposalfrom Mango Markets’ legal representatives to the Mango DAO, the lawyers noted an “ongoing and nonpublic” investigation from the CFTC. They suggested fronting up half a million dollars…
The parent company of cryptocurrency asset manager 21Shares, 21.co, announced on Sept. 23 that it is adding Chainlink’s proof of reserve to 21BTC to address potential concerns about the Bitcoin wrapper’s backing. Integrating proof of reserves into 21BTC on Ethereum and Solana “protects against malicious minting by embedding cryptographic guarantees that new tokens minted are…