A group of NFT holders sued the creators of the collection, claiming they made no significant steps to fulfill promised perks and had no knowledge of blockchain. Source: https://cointelegraph.com/news/nft-holders-sue-art-gallery-broken-metaverse-promise?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: October 2024
BRICS Nations to Expand Use of National Currencies Through New Financial Platform
Russian presidential aide Yury Ushakov announced new BRICS initiatives to increase the use of national currencies in trade, backed by financial infrastructure developments like a BRICS-wide platform and special clearing systems. This move aims to simplify transactions between member nations and reduce trade costs. Meanwhile, Russian Deputy Foreign Minister Sergey Ryabkov highlighted ongoing Western efforts […] Source: https://news.bitcoin.com/brics-nations-to-expand-use-of-national-currencies-through-new-financial-platform/
Bitcoin Price Holds Steady Despite SEC’s Case Against Market Maker Cumberland DRW
Thursday’s revelations the US Securities and Exchange Commission was going after crypto market maker and liquidity provider Cumberland DRW did little to rattle prices. While bellwether Bitcoin did briefly drop below $60,000 ahead of the news, the world’s largest crypto has since found a footing, CoinGecko data shows. Perhaps it’s because there’s little to fear the SEC could win its…
FBI Seeks Crypto Fraud Victims in Major Market Manipulation Case
The Federal Bureau of Investigation (FBI) is urging potential victims of cryptocurrency fraud to come forward as it investigates market manipulation involving several cryptocurrency companies. Accusations include “wash-trading” and artificially inflating trading volumes to deceive investors. FBI Seeks Victims in Major Cryptocurrency Fraud Investigation The Federal Bureau of Investigation (FBI)’s Boston Division is calling on […] Source: https://news.bitcoin.com/fbi-seeks-crypto-fraud-victims-in-major-market-manipulation-case/
SEC Commissioner Mark Uyeda slams agency’s crypto policy as a ‘disaster’
The SEC’s Mark Uyeda says the regulator’s approach to crypto has been “the wrong one,” and it needs to provide clear guidelines before launching enforcement actions. Source: https://cointelegraph.com/news/sec-crypto-policy-disaster-commissioner-mark-uyeda?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Heavy Sell-Off Pushes Bitcoin to $58.8K, Cautious Buying Fuels Modest Recovery
The price of bitcoin dipped to $58,867 on Thursday, around 2 p.m. Eastern Time, but by 8:50 p.m. it had climbed back above $60,000. The initial drop reflected heavy selling pressure, but the later rebound—though slow—suggests a potential recovery might be on the horizon. Bitcoin Reclaims $60K After Market Dips: Traders Face $191M in Losses […] Source: https://news.bitcoin.com/heavy-sell-off-pushes-bitcoin-to-58-8k-cautious-buying-fuels-modest-recovery/
SEC settles with trading firm over $4M ‘AI-washing’ scheme
The SEC alleged that Rimar LLC’s executives overstated the AI capabilites of Source: https://cointelegraph.com/news/sec-settles-charges-alleged-ai-washing-trading-firm?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Solana Could Surge 400% Under Trump Presidency, Standard Chartered Predicts
Banking giant Standard Chartered predicts that solana could experience a significant surge of up to 400% if Donald Trump wins the 2024 U.S. presidential election. The bank’s head of digital assets suggests that solana’s faster transaction speed and support for decentralized applications position it well in a crypto-friendly environment. Standard Chartered Predicts Solana Surge if […] Source: https://news.bitcoin.com/solana-could-surge-400-under-trump-presidency-standard-chartered-predicts/
Your Lifelike Zoom Clone May Soon be Taking Meetings For You. Here’s How
In the not-so-distant future, you won’t attend Zoom meetings–your digital clone will. Or at least, that’s the dream of Zoom’s CEO Eric Yuan, who recently outlined his vision of a world where AI clones attend your meetings while you focus on “real work.” “Think about it: What if AI could free up a whole day every week?” he said during…
Who is Cumberland, the SEC’s Latest Big Crypto Target?
The U.S. Securities Exchange Commission has pursued a spate of lawsuits against prominent crypto exchanges and blockchain technology companies such as Kraken, Binance, and Ripple Labs in recent years. But, the agency’s latest target, Cumberland, isn’t exactly a household name. The Chicago-based market maker—charged on Thursday with acting as an unregistered dealer of securities among other securities-laws violations—is a major…