Coinbase to cease issuing new Bitcoin-backed loans via Borrow service
The service allows users to borrow up to $1 million with no credit check, provided they post Bitcoin as collateral....
Day: May 3, 2023
$22M of Curve Finance algo stablecoin minted since mainnet launch
Decentralized finance protocol CurveDAO has successfully launched its algorithmic stablecoin crvUSD on the Ethereum network. Decentralized finance (DeFi) protocol Curve...
SEC steps back from defining digital assets in new hedge fund rules
The SEC and its staff are “continuing to consider” the term “digital assets” despite proposing a definition of the term...
ChatGPT and AI the newest vector for malware: Meta security team
Security researchers at Meta said “bad actors” have flocked to generative AI because it’s the latest tech to capture “people’s...
Amazon Rumored to Launch Its NFT Marketplace This Month – Here’s What You Need to Know
Amazon, the world’s largest e-commerce behemoth, is reportedly preparing to launch its highly anticipated non-fungible token marketplace before the end...
36% of the top 1,000 crypto projects went silent on blogging this year
A whopping 35.8% of the world’s largest crypto projects haven’t uploaded a single blog post in 2023. More than a...
FTX seeks to claw back $4B from Genesis in a battle of the bankrupt
The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent”...
Jury convicts former OpenSea manager in NFT-insider trading case
Prosecutors claimed Nathaniel Chastain profited from inside information as to which NFTs would be featured on the marketplace. The former...
Mashinsky files motion to dismiss NY AG suit, says it ‘parrots misinformation’
Former Celsius CEO Alex Mashinsky was charged with seven counts of fraud in connection with “false and misleading statements” about...
Crypto Exchange Coinbase Faces Legal Action Over Biometric Data Collection
The Nasdaq-listed cryptocurrency exchange Coinbase has been accused of “wrongfully” profiting from its users’ facial and fingerprint scans. “Coinbase collects,...
White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto Mining
On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured...
Federal Reserve Raises Interest Rate by 25bps, Insists ‘US Banking System Is Sound and Resilient’
The U.S. Federal Reserve, in conjunction with the Federal Open Market Committee (FOMC), announced on Wednesday that the central bank...
Global Law Enforcement Agencies Dismantle Darknet Marketplace Monopoly Market, Arrest 288 and Seize $53.4 Million
On May 2, 2023, Europol announced a collaborative effort between law enforcement agencies from the U.S., Europe, the U.K., and...
Google DeepMind CEO Demis Hassabis says we may have AGI ‘in the next few years’
The CEO of Google DeepMind says human-level AI could emerge before 2033 — an event that could radically alter how...
State regulators crack down on fraudulent cryptos promoted as ‘Elon Musk AI Token’ and ‘TruthGPT Coin’
According to the cease and desist order, investors are being given the impression that Elon Musk endorses "TruthGPT Coin." The...
