Sam Bankman-Fried backed out of FTX sponsorship deal with Taylor Swift: Report
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Sam Bankman-Fried backed out of FTX sponsorship deal with Taylor Swift: Report

The sponsorship deal between defunct cryptocurrency exchange FTX and Taylor Swift was reportedly called off at the request of former CEO Sam Bankman-Fried (SBF), and not the singer-songwriter as many reports have suggested. According to a July 6 report from the New York Times citing three individuals with knowledge of the sponsorship deal, Sam Bankman-Fried was the one responsible for…

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US Homeland Security returns $314K from 2016 Bitfinex hack
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US Homeland Security returns $314K from 2016 Bitfinex hack

Via a July 6 announcement, cryptocurrency exchange Bitfinex says it has received $312,219.71 in cash and 6.917 in Bitcoin Cash (BCH) from the United States Department of Homeland Security (DHS). The seizure was conducted in cooperation with the U.S. Customs and Border Protection. According to Bitfinex staff: “This is part of Bitfinex’s ongoing efforts, working with law enforcement and other…

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DeSo offers $1M bounty for building decentralized Reddit
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DeSo offers $1M bounty for building decentralized Reddit

Via a July 6 announcement, decentralized social media protocol DeSo has issued a $1 million bounty for building a competitor to Reddit using its native blockchain. In supporting the decision, developers wrote: “Reddit recently sparked controversy within its community following a decision to limit API access. This move provoked a series of 48-hour subreddit blackouts in protest. This price hike…

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Elon Musk calls for AI regulatory oversight: Report
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Elon Musk calls for AI regulatory oversight: Report

Twitter’s executive chairman Elon Musk continues to push for more regulatory oversight of artificial intelligence, claiming it may be “smarter than all humans at everything” in the future. In a video keynote address at a Chinese government-backed AI conference on July 5, Musk reportedly noted that governments should be concerned about deep intelligence, urging regulators to step in to prevent…

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DeFi Traders Lost $228 Million to Hackers in 3 Months
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DeFi Traders Lost $228 Million to Hackers in 3 Months

Hackers intensified their efforts to hack cryptocurrency projects in the past year and mostly had DeFi in their crosshairs, according to a new report from Immunefi. The report, compiled by the bug bounty platform Immunefi, found that overall hacks across blockchains went up by 63% in the second quarter of 2023 compared to the same period last year. Though total…

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Is Web3 messaging going to replace WhatsApp and iMessage? Co-founder of XMTP explains
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Is Web3 messaging going to replace WhatsApp and iMessage? Co-founder of XMTP explains

Hashing It Out episode 24 explores Web3 messaging with Shane Mac, co-founder of XMTP — an open protocol and network for secure Web3 messaging — who explains the differences between Web2 and Web3 messaging. Mac also explains how Web3 messaging could spark major adoption for the entire industry moving forward, regardless of current user experience limitations.  Prior to XMTP, Shane founded…

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Bittrex may still face enforcement action in Florida amid bankruptcy
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Bittrex may still face enforcement action in Florida amid bankruptcy

The Florida Office of Financial Regulation is considering action against United States-based cryptocurrency exchange Bittrex, which filed for Chapter 11 bankruptcy protection in May. In a July 5 filing with the U.S. Bankruptcy Court for the District of Delaware, Florida Office of Financial Regulation (OFR) assistant general counsel Brandon Greenberg said the state regulator had been given information on Bittrex’s…

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Tron DAO To Kick Off Builder Tour In New York
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Tron DAO To Kick Off Builder Tour In New York

Tron DAO and Huobi Ventures have announced the Tron Builder Tour, co-hosted by Huobi Ventures, a global outreach program to encourage developers to build on the Tron blockchain. “It’s all aboard the blockchain bullet train!” the organizers of the world tour said. “And the sign at the station reads: ‘Developers wanted. Decentralized future ahead.’” Starting in July, the Tron DAO…

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