As OpenAI and Microsoft sort out who’s going to be on whose payroll, the iris-scanning biometric project Worldcoin—co-founded by Sam Altman—has remained quiet. And its WLD token, which it launched just six months ago, has dropped 11%, according to CoinGecko. At the time of writing, WLD is trading at $2.22 per token. The price has been volatile since Altman left…
DeFi oracles network Pyth enjoyed a strong debut for its much-anticipated token airdrop on Monday, quickly nabbing an initial market capitalization of $765 million for its Solana-based PYTH token. However, that figure settled down to roughly $457 million at writing, according to data from CoinMarketCap. Upon PYTH’s launch this morning, the token began trading at $0.53, only to fall to…
Meta is restructuring of its “Responsible AI” team, reflecting a strategic shift in its approach to artificial intelligence development. The move, first reported by The Information, seems to take a distributed approach amid a roiling landscape where the role of AI in society is increasingly scrutinized. Meta told the news outlet that it is integrating its Responsible AI team members…
The SEC alleged Kraken operated as an unregistered exchange, broker, dealer and clearing agency. Source: https://cointelegraph.com/public/index.php/news/sec-sues-kraken-for-securities-laws-violations
The United States Securities and Exchange Commission (SEC) has sued Kraken alleging it failed to register as an exchange, broker, dealer and clearing agency with the regulator and claimed it commingled customer funds. In a Nov. 20 complaint, the SEC claimed that since 2018, Kraken had operated as a platform that offered the unlawful sale of cryptocurrencies. “Without registering with the SEC…
The United States Securities and Exchange Commission (SEC) announced Monday that it has filed charges against cryptocurrency exchange Kraken, just months after settling previous charges against the firm. In a press release, the SEC alleged that Kraken’s parent companies were “operating Kraken’s crypto trading platform as an unregistered securities exchange, broker, dealer, and clearing agency.” The agency filed similar charges…
Liechtenstein-based Bittrex Global today announced it will wind down operations, ceasing all trading on its exchange by December 4. The move follows a series of regulatory challenges that have hindered the crypto exchange, including the closure of its U.S. operations earlier this year. In March, Bittrex shuttered its U.S. exchange because it was not “economically viable” to continue doing business following…
The bakong, a digital currency operated by the National Bank of Cambodia (NBC), will provide users with access to the Alipay merchant network and enable cross-border transactions on Alipay+ using QR codes under a memorandum of understanding (MoU) signed at the FinTech Expo in Singapore, the local press reported. The bakong service operates by the NBC on a blockchain, but…
The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion received an education in the uses of blockchain technology in a hearing titled “Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets.” The meeting began with a discussion of Hamas’s use of crypto for fundraising. However, the committee’s Chair, Representative French Hill, declared…
Though freshly elected Argentinian president Javier Milei only declared victory yesterday, he’s already done much with his recent time in the global spotlight. On the campaign trail this year, Milei proposed legalizing the sale of human children via a “free market for babies.” He also pledged to lower Argentina’s age of consent, laid out plans to mandate forced labor in…
