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SEC Commissioner's Critique: A 'Disastrous' Approach to Crypto Regulation

SEC Commissioner’s Critique: A ‘Disastrous’ Approach to Crypto Regulation

SEC Commissioner SEC Mark Uyeda stated on FOX Business that the regulator’s stance on digital assets is “a disaster for the entire industry.” The official acknowledged that the Commission’s approach was “wrong.” The agency should have provided clear guidelines before enforcement actions. “Our policy and approach over the past few years have simply been a […]

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Tezos Stakers Renew Legal Battle Against US Tax Authority

Tezos Stakers Renew Legal Battle Against US Tax Authority

Tezos validator Josh Jarrett and his wife Jessica from Tennessee have filed a new lawsuit against the IRS concerning the taxation of tokens created through staking. In their complaint, the couple argues that such assets should be considered newly created property, with tax liabilities arising only upon sale. They compared tokens received from staking to […]

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AI Tools Exploit KYC Loopholes in Cryptocurrency Exchanges

AI Tools Exploit KYC Loopholes in Cryptocurrency Exchanges

Malefactors are employing AI-based software to circumvent stringent KYC measures on cryptocurrency exchanges, according to a report by security firm Cato Networks. The tool, named ProKYC, represents a “new level of sophistication” in crypto fraud. It marks a significant advancement over older methods used by cybercriminals to bypass two-factor authentication and KYC. Instead of purchasing […]

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US Prosecutors Seek 18-Month Sentence for Bitfinex Hack Accomplice

US Prosecutors Seek 18-Month Sentence for Bitfinex Hack Accomplice

US prosecutors have requested an 18-month prison sentence for Heather Morgan for her role in laundering 119,754 BTC stolen from the Bitfinex exchange in 2016. In 2022, law enforcement arrested the couple involved in the hack—34-year-old Ilya Lichtenstein and 31-year-old Morgan. They seized over 94,000 BTC valued at $3.6 billion at the time. The couple […]

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Bitcoin Tests $60,000 Amid Weak Macro Data and SEC Lawsuit Against Cumberland

Bitcoin Tests $60,000 Amid Weak Macro Data and SEC Lawsuit Against Cumberland

On the evening of October 10, the price of the leading cryptocurrency fell below $59,000 before rebounding above $60,000. The selling pressure was triggered by disappointing macroeconomic data from the US and a lawsuit from the SEC against market maker Cumberland. The regulator accused the firm of operating as an “unregistered dealer” in cryptocurrency transactions. […]

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Tesla Unveils Autonomous Taxis and Bus

Tesla Unveils Autonomous Taxis and Bus

At the “We, Robot” event, Tesla’s CEO Elon Musk showcased the Optimus robots, the driverless Cybercab taxi, and the Robovan prototype—an electric autonomous vehicle resembling a bus. The Cybercab features two “gull-wing” doors, lacks a steering wheel, pedals, and a standard charging port. Instead, it employs “inductive charging” without wires. Production is expected to commence […]

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Justin Sun Appointed Prime Minister of Liberland

Justin Sun Appointed Prime Minister of Liberland

Tron founder Justin Sun has been appointed as the Prime Minister of the self-proclaimed microstate of Liberland.

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Solana-Based 'Tap-to-Earn' Game Launches on TikTok

Solana-Based ‘Tap-to-Earn’ Game Launches on TikTok

The Solana project SonicX has introduced a Tap-to-Earn game on TikTok, aiming to become the “Notcoin” of the short video platform, reports Decrypt. The game is built on the gaming-focused L2 solution Sonic SVM. Developers plan to collaborate with content creators and launch a series of clickable ads on the short video platform, allowing users […]

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Uniswap Unveils Unichain: A New Layer 2 Solution for DeFi

Uniswap Unveils Unichain: A New Layer 2 Solution for DeFi

The decentralized exchange Uniswap has introduced its own Ethereum Layer 2 network named Unichain, specifically developed for DeFi. Introducing @unichain — a new L2 designed for DeFi ✨ Fast blocks (250ms), cross-chain interoperability, and a decentralized validator network Built to be the home for liquidity across chains pic.twitter.com/lqfJh6Ltio — Uniswap Labs ? (@Uniswap) October 10, […]

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Gary Gensler Questions Cryptocurrencies as Payment Tools

Gary Gensler Questions Cryptocurrencies as Payment Tools

Bitcoin and other cryptocurrencies are likely to be seen as stores of value rather than widely used payment instruments in the future. This was stated by SEC Chairman Gary Gensler, according to CoinDesk. “This is 3000 years of history. Hundreds of great nations, thousands of nation-states—we tend to have one currency. We are not even […]

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Solv Protocol Launches Integration Product for Bitcoin Staking

Solv Protocol Launches Integration Product for Bitcoin Staking

The team at Solv Protocol has unveiled the Staking Abstraction Layer (SAL). This product is designed to simplify and standardize liquid Bitcoin staking across various networks. Introducing The Staking Abstraction Layer (SAL) Today, we’re thrilled to introduce SAL, a revolutionary framework designed to simplify and standardize Bitcoin staking across chains. With the help of partners […]

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Russian Hackers Exploit AI 'Deepnude' Generators to Spread Malware

Russian Hackers Exploit AI ‘Deepnude’ Generators to Spread Malware

Russian hackers are deploying ‘AI Deepnude generators’—software designed to create nude images of women from uploaded photos—to infect users’ devices with viruses, according to a report by security firm Silent Push. Experts indicate that the hacker group FIN7 has established at least seven websites offering tools to ‘undress’ women. Potential victims are prompted to download […]

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