The Sultanate of Oman is inching closer to launching its own virtual asset regulations, with its financial markets regulator seeking public comments on its proposed regulatory framework governing digital assets, such as cryptocurrencies. The Capital Market Authority of Oman is currently in the process of drafting a comprehensive regime for the virtual asset sector, which includes various business requirements and…
Cryptocurrency-friendly trading neobank Revolut is wrapping up its crypto services in the United States amid the ongoing regulatory uncertainty. Soon after announcing a partial delisting of certain digital assets from its platform, Revolut took a decision to suspend all crypto services for U.S. users, the firm said in a statement to Cointelegraph on Aug. 4. Together with its U.S. banking…
Shytoshi Kusama, the lead developer of Shiba Inu, has given a response to Coinbase’s Onchain Summer campaign. He suggested that Coinbase’s campaign seemed to have similarities with the ideas originally presented by the Shiba Inu community. Kusama responded to Coinbase’s CEO, Brian Armstrong’s update with the statement, “If it isn’t a shadowcat, it’s a copycat.” On August 3, Armstrong showcased…
Cyberattacks have emerged as a serious threat to people, organizations and governments in today’s digitally connected world. A cyberattack is a malicious attempt to exploit vulnerabilities in computer systems, networks or software for nefarious purposes. Understanding the anatomy of a cyberattack is essential for individuals, businesses and governments to develop effective cybersecurity strategies. To shed light on the changing environment…
Crypto security firm CertiK revealed it recently unearthed a vulnerability in the Worldcoin protocol that allowed an attacker to bypass the verification process to become an Orb operator. According to CertiK, this vulnerability would have enabled anyone to circumvent the verification requirements to become a Worldcoin Orb operator. The individual wouldn’t be obligated, for instance, to be a legitimate company,…
Massachusetts securities regulators have started a new investigation into the use of artificial intelligence (AI) in the securities industry, after becoming increasingly concerned about the implications. On Aug. 3, Massachusetts Secretary of the Commonwealth William Galvin officially announced an investigation into the ways in which firms may be using AI in their interactions with Massachusetts investors. Galvin’s securities division on…
American actor and comedian Adam DeVine has appeared in a new paid advertisement created by crypto exchange Bitget. “Now it’s time to make our wildest dreams come true. Trade crypto from the comfort of your race car bed at 2:00 am. I don’t give a care. Business hours? Thing of the past,” says DeVine in a newly released clip, titled…
Curve Finance, together with MetronomeDAO and Alchemix Finance, has initiated a negotiation with the hackers, issuing a subtle warning. In an on-chain message sent via Ethereum on Thursday, the DeFi trio offered the exploiters a “10% bounty of any stolen funds” in exchange for returning the rest. They set a deadline of August 6 at 8 am UTC. Curve Finance,…
Revolut, the UK-based fintech firm, has announced the suspension of its cryptocurrency services in the United States. This decision, influenced by the evolving regulatory landscape and uncertainties surrounding the crypto market in the U.S., is set to take effect from September 2, 2023. From this date, U.S. customers will no longer be able to place buy orders for cryptocurrencies on…
Meta, the parent company of Facebook and Instagram, launched a suite of generative AI models on Aug. 2, which it calls AudioCraft, for the purpose of music creation from various inputs, according to a blog post. Included in the suite of generative AI tools are MusicGen and AudioGen, which operate off of text-based inputs to create new audio, along with…
