Web3 has been gaining ground in mainstream industries with the rise of Web3 business models based around nonfungible tokens (NFTs), blockchain technology and crypto. But it’s still an open question whether it’s actually improving mainstream industry and products. According to a June Coinbase study, over half of the top 100 United States companies listed in the Fortune 500 have pursued…
The current claim pricing of FTX has reached a maximum of 57%, according to data from Claims Market. The increase in FTX’s claim pricing is attributed to the valuation of the Artificial intelligence (AI) companies that the now-bankrupt crypto exchange previously invested in. Creditors stake their claims to try to recoup some of their investment when businesses experience financial difficulties…
The Beatles have released what they’re calling their “last song” featuring vocal tracks of the late John Lennon developed with the assistance of artificial intelligence (AI) on Nov. 2. “Now and Then” was released by Universal Music Group (UMG), one of the world’s leading music companies, and was accompanied by a short documentary detailing how they came to create the…
U.S. Attorney Damian Williams called Bankman-Fried’s crimes “a multibillion-dollar scheme designed to make him the king of crypto” and one of the biggest financ… Source: https://cointelegraph.com/public/index.php/news/ftx-founder-sam-bankman-fried-found-guilty-on-all-charges
The former FTX CEO is headed back to prison and awaits a potential second trial in March, while his lawyers pledged to “continue to vigorously fight the charges… Source: https://cointelegraph.com/public/index.php/news/whats-next-sam-bankman-fried-prison-ftx-criminal-trial
A new malware discovered on Apple’s macOS — tied to the North Korean hacking group Lazarus — has reportedly targeted blockchain engineers of a cryptocurrency exchange platform. The macOS malware “KandyKorn” is a stealthy backdoor capable of data retrieval, directory listing, file upload/download, secure deletion, process termination, and command execution, according to an analysis by Elastic Security Labs. MacOS malweare…
Abu Dhabi, the second-most populous emirate in the UAE, has introduced a formal regulatory framework for Decentralized Autonomous Organizations (DAOs) and other digital ledger entities as it doubles down on its ambition to be a leader in digital asset innovation within the Middle East. The new framework allows DAOs to operate legally and issue tokens to their members, providing regulatory…
The United Kingdom’s global summit on artificial intelligence safety, the AI Safety Summit, concluded on Nov. 2 with a one-on-one chat between U.K. Prime Minister Rishi Sunak and billionaire Elon Musk. Musk was one of the many big names to attend the summit, including heads of OpenAI, Meta, Google and its AI division DeepMind, along with leaders from 27 countries.…
Block, the fintech firm led by the former Twitter CEO Jack Dorsey, saw its share price jump by more than 20% to over $52 in after-hours trading on Thursday, after reporting better-than-expected Q3 earnings. The company, formerly known as Square, posted a net revenue of $5.62 billion, up 24% year-over-year (YoY), and an adjusted EBITDA–earnings before interest, taxes, depreciation and…
Bitcoin (BTC) continues to circle its highest levels in 18 months and bullish BTC price predictions are flowing in — how high can the bull market go and how fast? From a crash to $20,000 to six figures within months, there is plenty of variety when it comes to what Bitcoin might do next, with November traditionally one of its…
