Over 20,000 crypto tokens have been manipulated via decentralized exchange (DEX) wash trading in the last three years, according to market surveillance firm Solidus Labs. In the second part of its 2023 Crypto Market Manipulation Report released Sept. 12, Solidus said among a sample of 30,000 Ethereum-based DEX liquidity pools, nearly 70% were found to have executed wash trades since…
Binance.US, the United States arm of the crypto exchange has reportedly cut around a third of its staff — or 100 positions — with its president and CEO Brian Shroder also departing the firm. On Sep. 13, Bloomberg reported, citing a Binance.US spokesperson, that Shroder was replaced on an interim basis by chief legal officer Norman Reed. Shroder joined Binance.US…
Bucking the conventional wisdom about Bitcoin’s relationship with interest rates, popular macro-analyst Arthur Hayes published a blog post arguing that such traditional economic logic will crumble under the U.S. government’s exorbitant amount of debt. “Central banks and governments are flailing about trying to use the economic theories of yesteryear to combat the novel situations of the present,” Hayes wrote on…
Apple announced its iPhone 15 and iPhone 15 Pro smartphones on Tuesday, the latter of which comes with a new chip and a host of promised upgrades like ray tracing that the company says will make video games run smoother on the device. In addition, games like Capcom’s Resident Evil Village and Resident Evil 4’s remake will be available for…
With reports that China and Russia are using AI to target Americans, Microsoft President Brad Smith told U.S. lawmakers today that Know Your Customer (KYC) policies—standard in traditional finance—could play a part in national security. “We’ve been advocates for those,” Smith said. “So that if there is abuse of systems, the company that is offering the [AI] service knows who…
Champions Arena is a mobile-first role-playing game (RPG) from Gala Games and OneUniverse that incorporates trading card game and gacha elements—and optional NFTs, too. The game is available for iOS, Android, and Windows PC users. We recently reviewed Champions Arena and came away largely impressed by the addictive fantasy battle game—and if you’re looking to jump into the game, we’ve…
Since acquiring financial technology firm Fortress four days ago, Ripple said it was forced to fill a hole in some of the crypto custodian’s customer accounts after a security breach two weeks ago. Upon briefly disclosing the breach last Thursday, Fortress claimed that impacted accounts were “fully restored,” and that there had been “no loss of funds.” The confusing explanations…
Sony Network Communications, a subsidiary of global tech giant Sony, announced late Monday that is it developing a new blockchain platform in a joint venture with crypto tech firm, Startale Labs. The Singapore-based joint venture will be known as Sony Network Communications Labs Pte. Ltd. “We are excited to announce the establishment of this joint venture with Startale Labs, a…
Artificial intelligence and deepfakes pose a “real risk to the markets,” warned Wall Street’s leading regulator. Testifying before the Senate Banking Committee on Tuesday, U.S. Securities and Exchange Commission Chair Gary Gensler said that new technologies could “challenge” laws in the States. The regulator even said that a deepfake of himself was put out in the summer by someone “trying…
The Bank for International Settlements (BIS) and the central banks of Hong Kong and Israel released the results of Project Sela on Sept. 12. The project was a public-private partnership that used private intermediaries to create a retail central bank digital currency (rCBDC) combining the desirable characteristics of cash and the advantages of digitalization. The project leveraged the central banks’…
