Two Florida men accused of running a multi-million dollar Bitcoin scheme have been charged by and subsequently settled with the Commodity Futures Trading Commission (CFTC) on Thursday. The U.S. derivatives market regulator charged Randy Craig Levine and Philip Reichenthal for engaging in digital asset fraud. The duo lied to investors and conned them out of over $5 million dollars meant…
New legislation focused on artificial intelligence-driven employment tools went into effect in New York City on Wednesday, prohibiting employers and agencies from using automated employment decision tools (AEDT) unless that tool was audited for bias within the last year. Based on the 2021 Local Law 144, the new rule aims to prevent bias and ensure fairness in employment decisions using…
Abnormally large outflows from the Multichain MPC bridge platform on July 6 have sparked fears that an exploit could be underway. Over $102 million worth of crypto has been withdrawn from Multichain’s Fantom bridge on the Ethereum side, as well as $666,000 from Dogechain and $5 million from Moonriver. Multichain likely hacked. Exit all multichain assets. Good idea to revoke…
Inside Champions Ascension: Like ‘For Honor’ with NFTs? Plai Labs Marketing Director Payton Kaleiwahea tells Decrypt’s Kate Irwin about player response to the combat game Champions Ascension in development, which offers arena combat, raid bosses, AI landscape features, and more. Source: https://decrypt.co/videos/live-events/gvM9ajww/inside-champions-ascension-like-for-honor-with-nfts
This story comes from GG. Your Web3 Gaming Power-Up Discover GG The next wave of NFT-infused games promises to be a dramatic step up from the simplistic, DeFi-driven experiences that defined the initial play-to-earn gaming wave. Want proof? Just check out the games below. From Illuvium to Shrapnel and Otherside, these games look and feel just like the glossy AAA…
Binance’s chief strategy officer Patrick Hillman has confirmed he is leaving the crypto exchange amid reports that other top executives in the United States have been departing as a result of a United States Department of Justice (DOJ) investigation. On July 6, Patrick Hillmann tweeted “I am leaving [Binance], but I’m doing so on good terms.” “I’ve been here for…
The United States Department of Defense (DOD) is conducting live tests in an attempt to leverage generative artificial intelligence in its decision-making process, according to a report by Bloomberg. Generative AI is a type of artificial intelligence that can create new content—such as text, images, or music—using prompts. Strohmeyer said the military exercises that run until the end of July…
Advocacy group UK Finance is urging the British government to encourage securities tokenization. The market is small now, but the future stakes are high, it said. In a report co-written with consulting firm Oliver Wyman, UK Finance said the advantages of tokenization, such as lower costs, lower risk and wider access, are not just “a nice-to-have.” Tokenization “can transform the…
A recent report released by the United Kingdom Law Commission could weaken a central argument brought by Craig Wright in his controversial lawsuit against 12 Bitcoin core developers, argues the Bitcoin Legal Defense Fund (BLDF). In a 300-page report on digital assets published in late June, the UK Law Commission — an independent body that reviews and recommends reforms to UK and…
Crypto exchange Bitfinex today announced that it had recovered $312,219 in cash and 6.9 in Bitcoin Cash—today worth $1,951—stolen during a 2016 hack. In a Thursday release, the exchange said it received the assets from the United States Department of Homeland Security. British Virgin Islands-based Bitfinex is working with law enforcement to recover assets from the hack years ago and…
