The SEC’s interlocutory appeal comes nearly a month after Judge Analisa Torres laid out her non-final ruling. Source: https://cointelegraph.com/templates/beez3/index.php/news/sec-seek-interlocutory-appeal-ripple-case
Month: August 2023
Aptos token rises 11.6% after Microsoft deal to marry AI with blockchain
Aptos (APT), the cryptocurrency powering layer-1 blockchain Aptos Network, is up approximately 11.6% since announcing it will leverage Microsoft’s suite of artificial intelligence tools to advance Web3 adoption among banks and financial enterprises. This will be achieved by enabling the Aptos Network to tap into Microsoft’s Azure OpenAI service to explore innovations in asset tokenization, on-chain payments and central bank…
Google Hungers for More Data to Train Its AI—But At What Cost?
Google is making clear it intends to feast on the content of web publishers to advance its artificial intelligence systems. The tech and search giant is proposing that companies must opt out—as they currently do for search engine indexing—if they don’t want their material scraped. Critics of this opt-out model say the policy upends copyright laws that put the onus…
Fireblocks discloses massive vulnerability affecting crypto wallets
Over 15 widely-used crypto wallet providers and projects have gaping vulnerabilities that could potentially see millions of crypto wallets drained, according to digital asset infrastructure firm Fireblocks. In an Aug. 9 press release, Fireblocks said the series of vulnerabilities, dubbed BitForge, are affecting wallets using multi-party computation (MPC) technology, which allows for multiple parties to control and manage cryptocurrency holdings.…
Google Hungers for More Data to Train Its AI—But At What Cost?
Google is making clear it intends to feast on the content of web publishers to advance its artificial intelligence systems. The tech and search giant is proposing that companies must opt out—as they currently do for search engine indexing—if they don’t want their material scraped. Critics of this opt-out model say the policy upends copyright laws that put the onus…
Did Special Counsel Jack Smith Get Donald Trump’s Twitter DMs?
Twitter has lost its appeal of a court ruling that held the company in contempt for failing to promptly respond to a search warrant seeking information related to the Twitter account of former president Donald Trump—even though the social media platform ultimately complied. The original ruling, which also carried a $350,000 sanction, was issued in March, and the rejection of…
DeGods Ditch Polygon, Moving y00ts to Ethereum and Returning $3 Million Grant
DeLabs’ NFT profile picture (PFP) project y00ts has already made one migration, from Solana to Ethereum scaling network Polygon earlier this year—and it’s about to take another trip, migrating over to Ethereum mainnet to live alongside the startup’s more prominent DeGods collection. The news was announced late Wednesday afternoon in the run-up to the reveal of DeGods’ “Season 3” content.…
Frens Forever? Building a Social Graph on Bitcoin With Ordinals
A friendly new protocol has just dropped on the ever-expanding Ordinals ecosystem. Dubbed .frens, the project brings the social aspect of Bitcoin onto its immutable blockchain. Spawning from the decade-old meme term fren–which means friend–the .frens protocol is designed to build a social graph on Bitcoin where users declare their social connections via Ordinals Inscriptions. The protocol also relies on an…
Bitcoin miner Riot Platforms trims Q2 loss to $27.7M
Colorado-based Bitcoin mining firm Riot Platforms narrowed its second quarter net loss to $27.7 million as it ramped up its Bitcoin production and reached record hash rate capacity. The crypto miner posted total revenue of $76.7 million — up 5.2% from Q2 2022 — which was primarily driven by a 27% year-on-year increase in Bitcoin (BTC) production, offset by a…
SEC Says It Plans to Appeal XRP Sales Ruling in Ripple Case
The Securities and Exchange Commission (SEC) signaled on Wednesday that America’s financial watchdog plans to appeal a court’s recent decision that found the cryptocurrency XRP is not necessarily a security on its face. “The SEC seeks to certify the Court’s holding that Defendants’ ‘Programmatic’ offers and sales to XRP buyers over crypto asset trading platforms and Ripple’s ‘Other Distributions’ in…