SpaceX’s Bitcoin write-down report on Aug. 18 sparked confusion among the crypto community. The report published in Wall Street Journal puzzled many, who questioned whether SpaceX held $373 million worth of Bitcoin and sold it in 2021-22 or whether they only reduced their Bitcoin exposure by the same amount. Several social media outlets reported that SpaceX had sold its entire…
Financial scams are rising, with losses amounting to $8.8 billion in 2022 alone. According to the United States Federal Trade Commission, losses from financial fraud have increased by 30% from 2021 to 2023. This paints a dire portrait of the dark underbelly of digital advancement, with scammers now leveraging generative artificial intelligence (AI) to craft increasingly complex and realistic scams.…
The Shiba Inu project has opted to secure insurance coverage amounting to $2 million to address potential fund retrieval challenges upon the restart of Shibariu… Source: https://cointelegraph.com/app/public/index.php/news/shiba-inu-shibarium-network-resumes-block-production-after-brief-pause
The U.S. Securities and Exchange Commission (SEC) is reportedly set to greenlight Ethereum futures exchange-traded funds (ETFs) in the coming months. According to a Bloomberg report, which cites anonymous sources familiar with the matter, the regulator is not expected to block the applications of around twelve companies, including ProShares, Volatility Shares, Bitwise, and Valkyrie, that have recently applied to launch…
Shiba Inu’s Layer-2 Shibarium network has resumed block production following a nearly day-long transaction pause. As per Shibariumscan.io block explorer, Shiba Inu’s layer-2 blockchain Shibarium (SHIB) has reactivated and is generating blocks. The Shibarium network entered a fail-safe mode and paused operations to safeguard funds due to unexpectedly high traffic after the mainnet launch. Lead developer Shytoshi Kusama verified that…
ChatGPT, a major large language model (LLM)-based chatbot, allegedly lacks objectivity when it comes to political issues, according to a new study. Computer and information science researchers from the United Kingdom and Brazil claim to have found “robust evidence” that ChatGPT presents a significant political bias towards the left side of the political spectrum. The analysts — Fabio Motoki, Valdemar…
Securitize, a tokenization firm, announced its acquisition of Onramp Invest, a digital asset wealth platform designed for financial professionals. Securitize’s product aims to increase liquidity and transparency by moving private investments to public blockchains such as Ethereum, Avalanche, Polygon, and Algorand. Onramp serves a diverse range of Registered Investment Advisors (RIAs) throughout the U.S. The platform manages more than $40…
A community member started a discussion among participants in the Mantle decentralized autonomous organization (DAO), proposing to restrict the collapsed FTX exchange and Alameda Research from converting their BitDAO (BIT) tokens worth $43 million to Mantle (MNT) amid the ongoing token migration process. Community discussion on preventing FTX from converting its BIT tokens. Source: Mantle On Nov. 2, 2021, BitDAO…
David Ferrucci, a notable artificial intelligence (AI) researcher who led the team behind IBM Watson’s creation, according to official documentation, has successfully raised close to $60 million for his AI startup named Elemental Cognition. As per the submission made on Thursday, August 17, the company has finalized equity sales amounting to $59.95 million from 17 investors, with additional plans to…
The United States Securities and Exchange Commission isn’t likely to block the debut of Ethereum futures ETFs, according to sources. Source: https://cointelegraph.com/app/public/index.php/news/sec-to-approve-ethererum-eth-futures-etf
