Month: June 2024

The U.S. Securities and Exchange Commission (SEC) instituted administrative proceedings against Lufkin Advisors LLC on Wednesday. This follows an offer of settlement from Lufkin Advisors, which the SEC has accepted. The SEC found that Lufkin Advisors engaged in fraudulent activities, including the mismanagement of crypto assets, undisclosed investments with an employer related to the spouse […] Source: https://news.bitcoin.com/sec-revokes-lufkin-advisors-registration-amid-fraudulent-crypto-activities/

Binance CEO Richard Teng has given some advice for investors interested in getting into cryptocurrency. He provided three key tips for starting a crypto journey. “Explore and constantly reassess your strategy” was one of the three pieces of advice the Binance executive gave. Binance’s CEO Shares Tips for New Crypto Investors Binance CEO Richard Teng […] Source: https://news.bitcoin.com/binance-ceo-shares-key-tips-for-investors-getting-into-crypto/

A newly formed alliance of open-source AI developers has ambitious plans to launch a new AI model, one that could compete directly with Stable Diffusion and its controversial latest release. The Open Model Initiative (OMI) was launched last week by Invoke, a Generative AI platform for Professional Studios, Comfy.org, which focuses on the development of ComfyUI, and CivitAI, the world’s…

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Kadokawa Corporation, the parent company of Elden Ring publisher FromSoftware, revealed on Thursday that it was the victim of a ransomware attack earlier this month. According to a Kadokawa press release shared by IGN, the attack took place on June 8 and targeted the companey’s servers in Japan. The focus of the attack, Kadokawa said, was services related to Niconico,…

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South Korean automobile brand Hyundai has announced the deployment of AI-powered robots, taking the technology out of science fiction and deploying it in a much more mundane setting: an office building. The robots are very different, and are not humanoid in form, designed to tackle specific tasks. The pair of machines do interact with humans at the Factorial Seongsu building…

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Rich Dad Poor Dad author Robert Kiyosaki has revealed that he purchased 60 bitcoins at $6,000 each and continues to buy more bitcoin every month. He explained that the crypto represents “rules-based money,” contrasting it with government fiat money, which he describes as “debt-based.” Kiyosaki emphasized that rules-based money increases wealth, while debt-based money diminishes […] Source: https://news.bitcoin.com/robert-kiyosaki-bought-60-bitcoins-at-6k-now-buys-btc-every-month/

We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports U.S. cryptocurrency exchange Coinbase has announced that it “will not execute” the upcoming migration of tokens for the Artificial Superintelligence Alliance (ASI), which means Coinbase users…

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The Federal Reserve Board’s annual stress test results reveal that large banks are expected to face nearly $685 billion in projected losses during a severe recession scenario. These losses are significantly higher than last year due to increased risks in bank balance sheets and higher expenses. The aggregate common equity tier 1 (CET1) capital ratio […] Source: https://news.bitcoin.com/federal-reserve-stress-test-projects-685-billion-in-losses-for-large-banks/