Bitcoin
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How Fed Rate Cuts Will Impact Bitcoin, Ethereum, and Solana

After 14 months of maintaining federal interest rates in the range of 5.25% to 5.5%, the Federal Reserve is set to announce a reduction in rates. For the cryptocurrency market, Fed rate cuts could signal a positive shift. The decision, expected during the Federal Open Market Committee meeting, is anticipated to be significant, with markets assigning a 65% chance of…

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Binance Denies Responsibility in WazirX Hack, Says It Never Acquired the Company
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Binance Denies Responsibility in WazirX Hack, Says It Never Acquired the Company

Binance denies WazirX ownership and responsibility for a recent $235 million hack, urging the platform to address user fund losses. Binance released a statement addressing recent claims about its relationship with the Indian crypto platform WazirX in a blog post earlier today. This announcement follows a reported hack on WazirX in July 2024, which resulted in the loss of user…

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Trump
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Trump Launches New Cryptocurrency Venture but Declines to Share Details

Donald Trump has officially launched his family’s cryptocurrency venture, World Liberty Financial, during a livestreamed interview on the social media platform X. This announcement comes as Trump, the Republican presidential nominee, seeks to expand his influence in the digital currency space. However, the details surrounding the venture remain vague, sparking curiosity and skepticism alike. Limited Details on World Liberty Financial…

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OpenAI's o1: The Good, the Bad, and the Ugly of AI's Latest Brainchild
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OpenAI’s o1: The Good, the Bad, and the Ugly of AI’s Latest Brainchild

Last week, OpenAI unveiled its latest AI model, o1, after a wave of speculation involving different post-GPT4 models with cryptic names including “Strawberry,” “Orion,” arguably “Q*,” and the obvious “GPT-5.” This new offering promises to push the boundaries of artificial intelligence with enhanced reasoning capabilities and scientific problem-solving prowess. Developers, cybersecurity experts, and AI enthusiasts are abuzz with speculation about…

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'Why Were the Bitcoins Missing?': FTX Bankruptcy Lead Slams SBF's 'Delusional Defense
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FTX Auditor Prager Metis Settles SEC Charges Over ‘Negligence’

The U.S. Securities and Exchange Commission (SEC) announced Tuesday that FTX’s former auditor, Prager Metis, has reached a $1.95 million settlement with the regulator. The agreement resolves allegations of negligence-based fraud stemming from Prager Metis’ relationship with the collapsed crypto exchange. At the same time, the agreement covers alleged violations of auditor independence rules dating back as early as 2017.…

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SEC Fines Prager Metis $1.95M Over Negligent FTX Audits
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SEC Fines Prager Metis $1.95M Over Negligent FTX Audits

The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto exchange FTX. The case highlights critical oversights and violations of key industry standards, raising questions about the firm’s practices and the risks it missed. “Prager’s […] Source: https://news.bitcoin.com/sec-fines-prager-metis-1-95m-over-negligent-ftx-audits/