Crypto exchange Crypto.com’s Dubai entity was granted a Virtual Assets Service Provider (VASP) license by the city’s regulator, pending operational approval. In a Nov. 14 press release, Crypto.com said that once fully approved by Dubai’s Virtual Assets Regulatory Authority (VARA), its local business CRO DAX Middle East FZE can offer retail and institutional investors exchange, broker-dealer, and lending and borrowing…
Ethereum account abstraction advocate John Rising has shared some “sobering” numbers showing overall ERC-4437 adoption has been far from ideal. In a Nov. 14 post on X (formerly Twitter), Rising shared data points that showed ERC-4337-enabled smart accounts suffered a decline in users, low transaction activity and poor operational costs for core infrastructure providers. The ERC-4337 standard was launched through…
Tech giant Google filed a lawsuit on Monday in a U.S. District Court in San Jose, California, against entities it claims attempted to use copyright laws and the hype around artificial intelligence to scam the public on Facebook. According to court documents posted online by Reuters, the scammers used social media and fake ads that used Google’s logo to trick…
An employee of FTX’s charity wing recruited by FTX co-founder Sam Bankman-Fried is trying to get paid $275,000, the remainder of his claimed 2022 salary bonus. Ross Rheingans-Yoo’s lawyers argued in a Nov. 13 court filing that only $375,000 of his $650,000 bonus was paid by FTX. They claim the remaining funds were owed when the crypto exchange filed for…
The proposed redefinition of a single word in a federal tax rule by the U.S. Treasury and the Internal Revenue Service (IRS) would, if adopted, permanently destroy or push offshore any decentralized finance (DeFi) project in the United States, the Blockchain Association said Monday. In a blistering, 33-page comment submitted today regarding the proposed change, the leading crypto lobbying group…
The price of a memecoin drawing its namesake from Elon Musk’s artificial intelligence project “Grok” plummeted over 70% after blockchain sleuth ZachXBT alleged the token’s social media account was recycled from a scam token project. In a Nov. 13 X (formerly Twitter) post, ZachXBT shared screenshots showing various social media accounts and websites tied to the Grok (GROK) token were…
It has been a breakout year for Nvidia, and it’s not because of gaming or Bitcoin mining—2023 has seen the chipmaker not just participating in the AI revolution but driving it forward, with a laundry list of updates and upgrades that continue to set new benchmarks for computing power. Ian Buck, Nvidia Vice President of high-performance computing and hyperscale data…
A bombshell report detailing a culture of rampant sexual harassment, misogyny, and lewd behavior at the Federal Deposit Insurance Corp. (FDIC) was published by the Wall Street Journal on Monday—prompting some crypto leaders to affirm the pervasiveness of sexism in the banking sector, and others suggesting political motivations for timing of the story’s release. The article recounted numerous instances in…
A BlackRock filing suggesting the asset manager was creating an XRP (XRP) exchange-traded product caused a 12% spike in XRP, which it quickly lost after the filing was confirmed as fake. The saga lasted an hour late on Nov. 14 as X (Twitter) users picked up on a Delaware filing showing BlackRock filed to register the “iShares XRP Trust” —…
For a brief moment today, XRP holders were in disbelief. And for good reason. The “BlackRock iShares XRP Trust” filing in Delaware that sent the crypto asset flying 12% in just half an hour was a fake. Someone did indeed submit the corporate registration in Delaware—but it wasn’t BlackRock, a company spokesperson confirmed to Decrypt. BlackRock, which did register the…
