Insomniac Games has been hit with a cyberattack by the Rhysida hacker group, CyberDaily reported, and is allegedly demanding a ransom with a starting price of 50 Bitcoin—that’s more than $2 million worth. Sony, which owns the studio behind Spider-Man 2 and the Ratchet & Clank series, is actively investigating the breach. “We are aware of reports that Insomniac Games…
AVAX, the native token of the Avalanche ecosystem has surprised the market, posting double-digit gains amid a drawback in the wider crypto space. AVAX token smashed through the $40 barrier on Dec.12 to reach an intra-day high of $43. At the time of publication, the layer 1 token trades at $38, up 12% over the last 24 hours and 123%…
It was around this time last year that former United States President Donald Trump released his first set of digital trading cards as NFTs, igniting both buzz and mockery—and generating millions of dollars in sales. After a second round last spring, he’s back again with the largest set of NFTs to date… but the market doesn’t appear to be responding…
Former 45th U.S. President Donald Trump is launching a third nonfungible tokens (NFT) drop center around the theme of his ongoing criminal indictments. According to the December 12 announcement, dubbed “MugShot,” the trading cards are purchasable via either credit card or Wrapped Ether (wETH) and are not transferrable until December 31, 2024. Users will need to provide know-your-customer (KYC) information…
The criminal investigation unit of the United States Internal Revenue Service (IRS) has listed four crypto-related cases among the top ten of its “most prominent and high-profile investigations” in 2023. In a Dec. 11 notice, the IRS unit said there were four significant cases in 2023 involving the seizure of cryptocurrency, fraudulent practices, money laundering and other schemes. Coming in…
For a man who spent part of the year unemployed, Sam Altman has nonetheless had an incomparably massive impact on the tech and business world in 2023. OpenAI co-founder and CEO Sam Altman and ChatGPT remain synonymous with the AI industry, which is why Altman has been named the Decrypt Emerge Person of the Year. With ChatGPT—and, to a much lesser…
BlackRock intends to make it easier for Wall Street banks to participate in its Bitcoin ETF—should it be approved—by shifting risk to crypto market makers. The plan includes a novel way for shares in the ETF to be redeemed, according to a memo the SEC shared about a late November meeting between BlackRock, Nasdaq, and the Commission. The parties met…
S&P Global has launched a stablecoin stability assessment. In its initial ratings of the eight stablecoins, none were given the top mark, but two received the lowest, based on their ability to maintain their fiat pegs. According to a statement, to establish its ratings, S&P Global first examines asset quality risks, then factors mitigating the risks, and then considers governance,…
KuCoin, the Seychelles-based crypto exchange, has agreed to cease all operations in New York and pay over $22 million to settle a lawsuit with the New York Attorney General over the illegally unregistered sale of securities and commodities. The company is now reportedly required to pay New York-based KuCoin users over $16.7 million worth of refunds for crypto transactions, and…
The U.S. Department of Justice (DOJ) has indicted two individuals for allegedly operating a $25 million artificial intelligence (AI) crypto-trading Ponzi scheme. According to the December 12 announcement, Australian national David Gilbert Saffron and Los Angeles resident Vincent Anthony Mazzotta Jr. are accused of operating trading programs that “falsely promised to employ an artificial intelligence automated trading bot to trade…
