According to the Bank of Canada’s Governor Tiff Macklem, central banks need to be closely attuned to how AI is affecting inflation, both indirectly through overall demand and supply and directly through price-setting behavior. Source: https://cointelegraph.com/news/ai-inflation-bank-of-canada?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Powerledger integrates with Solana mainnet ecosystem
Powerledger’s co-founder John Bulich believes the expansion emphasizes “that sustainability is a common goal that transcends ecosystems.” Source: https://cointelegraph.com/news/powerledger-integration-solana-mainnet-john-bulich-refi?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Nayib Bukele meets Elon Musk at Tesla to discuss AI, future of humanity
President Bukele visits Tesla to discuss the future of AI, Bitcoin, and El Salvador’s emerging role in tech innovation with Elon Musk. Source: https://cointelegraph.com/news/nayib-bukele-elon-musk-meet-tesla-ai-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Woman Sentenced to 8 Years in Prison After Failed Bitcoin Murder-for-Hire Plot
A woman has been sentenced to over eight years in prison after her murder-for-hire plot using bitcoin fell apart. Melody Sasser attempted to use the dark web to hire a hitman to kill an Alabama resident. She paid nearly $10,000 in cryptocurrency and tried to make the murder look like an accident. Authorities discovered incriminating […] Source: https://news.bitcoin.com/woman-sentenced-to-8-years-in-prison-after-failed-bitcoin-murder-for-hire-plot/
Crypto firms cannot naively trust engineers with code: Exodus CEO
Exodus CEO JP Richardson says the firm’s security team reviews all engineers’ code to prevent malicious actions. Source: https://cointelegraph.com/news/crypto-firms-engineers-code-malicious-actors-exodus-ceo-token2049?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘Microsoft of Blockchains:’ Bitwise Doubles Down on Ethereum’s Fundamentals
Bitwise, a crypto index fund and ETF provider, believes that ethereum has the fundamentals needed to recover from its bad price performance compared to currencies like bitcoin. Bitwise CIO Matt Hougan compared Ethereum with Microsoft, stating that while it was not as disruptive as other chains, it still had the size to overcome these difficulties. […] Source: https://news.bitcoin.com/microsoft-of-blockchains-bitwise-doubles-down-on-ethereums-fundamentals/
Court Orders New York Man to Pay $36M for Forex, Digital Asset Fraud
William Koo Ichioka has been ordered to pay over $36 million after admitting to a forex and digital asset fraud scheme. His scam, which started in 2018, involved falsifying financial documents and misusing investor funds for personal luxuries like cars and jewelry. In addition to financial penalties, Ichioka faces prison time. The Commodity Futures Trading […] Source: https://news.bitcoin.com/court-orders-new-york-man-to-pay-36m-for-forex-digital-asset-fraud/
US Sentences Nigerian Darknet Fraud Leader to Five Years in Prison for $6M Scheme
A Nigerian national has been sentenced to five years in federal prison for his role in a massive darknet fraud scheme that intended to cause over $6 million in losses, according to the U.S. Department of Justice (DOJ). Using various online aliases, Kaura led a global network selling stolen payment card data, using cryptocurrencies like […] Source: https://news.bitcoin.com/us-sentences-nigerian-darknet-fraud-leader-to-five-years-in-prison-for-6m-scheme/
Crypto wallets will evolve into 'filing cabinets' by 2030: Crypto exec
Reown CEO Jess Houlgrave believes crypto wallets will transition into a “collection of wallets and accounts that can interact with each other.” Source: https://cointelegraph.com/news/cryptocurrency-wallets-transition-filing-cabinets-reown-ceo-token2049-interview?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
FATF Urges India to Strengthen Virtual Asset Regulation
India has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing. In a joint assessment with regional bodies, the FATF praised India’s progress but pointed out areas needing improvement, especially in regulating the non-financial sector and virtual asset providers. The country was […] Source: https://news.bitcoin.com/fatf-urges-india-to-strengthen-virtual-asset-regulation/