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Lingo Telecom Fined $1 Million for Biden Deepfake Incident

Lingo Telecom Fined $1 Million for Biden Deepfake Incident

The US Federal Communications Commission (FCC) has fined Texas-based telecommunications company Lingo Telecom $1 million for distributing deepfakes of President Joe Biden, according to a press release. In January, an unknown individual used artificial intelligence to mimic Biden’s voice and made a series of calls to voters in New Hampshire, urging them to boycott the […]

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Tron Removes 12,000 BTC from USDD Reserves

Tron Removes 12,000 BTC from USDD Reserves

The team behind the algorithmic stablecoin USDD within the Tron ecosystem has quietly removed an address holding approximately 12,000 BTC (~$716 million) from the asset’s reserves. This was highlighted by on-chain researcher Symbio. lmao @justinsuntron silently removed the 12.000 btc as USDD collateral recently and it’s now 100% backed by tron (except for 20mil. usdt). […]

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Trader Achieves 443-Fold Profit on Meme Token SunWukong

Trader Achieves 443-Fold Profit on Meme Token SunWukong

An unknown trader acquired 43.8 million SUNWUKONG tokens on the TRON (TRX) network for $997, which at the time of writing have exceeded a value of $441,450. The trader continues to hold the asset. Congratulations to trader TDm2 for turning $1K into $400K on SUNWUKONG TDm2 bought $999.9 of SUNWUKONG before it exited @sunpumpmeme’s bonding […]

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CryptoSummit in Russia Bans Cryptocurrency Advertising

CryptoSummit in Russia Bans Cryptocurrency Advertising

The organisers of the CryptoSummit forum have informed participants of a ban on advertising cryptocurrency transactions at their stands, as reported by Kommersant. Specifically, the promotion of particular coins, trading bot services, asset management, exchanges, and wallets is prohibited. However, advertising crypto forums or courses is permitted. In their letter, the organisers referred to the […]

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Neuralink's Second Patient Masters Gaming and 3D Design with Brain Chip

Neuralink’s Second Patient Masters Gaming and 3D Design with Brain Chip

Neuralink’s second patient, Alex, has learned to play video games and use software for designing 3D objects just weeks after his surgery. Early progress with our second participanthttps://t.co/uiFVAUZzvK — Neuralink (@neuralink) August 21, 2024 In early August, Elon Musk announced the successful integration of a brain-computer interface (BCI), though he did not specify the date […]

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Binance Dismisses IPO Plans Amid Strong Financial Standing

Binance Dismisses IPO Plans Amid Strong Financial Standing

Cryptocurrency exchange Binance is in a stable financial position and therefore does not consider an IPO. This was stated by the platform’s CEO Richard Teng in an interview with CoinDesk. “From the fifth month of operation, Binance became profitable, being very prudent in terms of expenses. So the topic [of an IPO] is not currently […]

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BitBoy and NBA Star Settle Binance Promotion Lawsuit for $340,000

BitBoy and NBA Star Settle Binance Promotion Lawsuit for $340,000

Cryptoblogger Ben Armstrong, known as BitBoy, and NBA star Jimmy Butler have agreed to a combined settlement of $340,000 to resolve a class-action lawsuit over promoting Binance, as reported by Cointelegraph. The claim alleges that the cryptocurrency exchange sold unregistered securities. On August 19, the influencers’ lawyers filed a motion in court for preliminary approval […]

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Undeads Games Celebrates Beta Launch with 5000 USDT Giveaway

Undeads Games Celebrates Beta Launch with 5000 USDT Giveaway

Undeads Games has announced a giveaway of 5000 USDT to users of its previously released game, Undeads Rush, in partnership with the Web3 store, Magic Store. The announcement was made on the social network X. ? Join the latest Undeads event at @MagicSquareio to share 5,000 #USDT rewards pool:https://t.co/tgtfZZUTn3#Undeads #Web3 #NFT #GameFi #Crypto #Blockchain #Bitcoin […]

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Co-founder of Bitcoin Scheme FutureNet Arrested in Montenegro

Co-founder of Bitcoin Scheme FutureNet Arrested in Montenegro

Police in Podgorica, acting on requests from Poland and South Korea, have arrested Roman Ziemian, co-founder of the cryptocurrency scheme FutureNet, on suspicion of multimillion-dollar fraud. This was reported by local media. According to the investigation, in 2014, the 51-year-old Polish national, along with Stephan Morgenstern, established a fund engaged in cryptocurrency trading. The platform […]

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Bitcoin's Dominance Climbs to 56% Amid Holder Resilience

Bitcoin’s Dominance Climbs to 56% Amid Holder Resilience

The dominance of the leading cryptocurrency has surpassed 56%, driven by the steadfastness of long-term investors amid market turbulence, according to a report by Glassnode. #Bitcoin, as the leading digital asset, continues see its dominance expand, now commanding a staggering 56% of the total market capitalization. Supporting this, Bitcoin Long-Term Holders remain steadfast in their […]

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Bitfarms to Acquire Stronghold Digital for $125 Million

Bitfarms to Acquire Stronghold Digital for $125 Million

Canadian mining company Bitfarms has entered into a definitive agreement to acquire its American competitor, Stronghold Digital Mining, in a deal valued at approximately $125 million. We are pleased to announce that #Bitfarms has entered into a definitive agreement to acquire @Stronghold_DM. Stronghold brings to Bitfarms vertically integrated crypto asset mining operations and access to […]

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Tether to Launch UAE Dirham-Pegged Stablecoin

Tether to Launch UAE Dirham-Pegged Stablecoin

Tether has announced plans to develop a stablecoin pegged to the United Arab Emirates Dirham (AED). Tether to Develop UAE Dirham-Pegged Stablecoin Read more:https://t.co/dkiDAI0y15 — Tether (@Tether_to) August 21, 2024 The launch of the asset is planned in partnership with the local technology conglomerate Phoenix Group, supported by Green Acorn Investments. According to the statement, […]

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