Magnate Finance Rug Pulls .5M in Latest Base L2 Exit Scam

Magnate Finance Rug Pulls $6.5M in Latest Base L2 Exit Scam

Things are going from bad to worse for Coinbase’s Base layer-2 network. Just weeks after $23 million in BALD token liquidity was rug-pulled, Magnate Finance has exit scammed with $6.5 million. Initial reports…

attorneys leave SEC side, both groups add new lawyers

attorneys leave SEC side, both groups add new lawyers

Multiple attorneys have moved in and out of the lawsuit between Ripple Labs, executives and the United States Securities and Exchange Commission (SEC),  as signified by court filings on Aug.23. The latest motions…

‘I’m Ready To Tell My Story’

‘I’m Ready To Tell My Story’

Aditya Baradwaj, a former employee at Alameda Research, has spilled the beans regarding his experience working for Sam Bankman-Fried’s now-defunct investment firm. “As an engineer at Alameda Research, I had my entire life…

Atomic Wallet faces lawsuit over 0M crypto hack losses: Report

Atomic Wallet faces lawsuit over $100M crypto hack losses: Report

A group of disgruntled cryptocurrency investors have launched a class action against Atomic Wallet, which suffered a major breach and $100 million in losses in June. Dozens of high-net worth investors from Russia…

SAVE Student Loan Relief Could Boost Savings and Investments

SAVE Student Loan Relief Could Boost Savings and Investments

US President Joe Biden has introduced a new plan to alleviate student debt and encourage saving in an effort to control the country’s debt crisis. A crypto-savvy younger generation with potentially more savings…

SEC-Ripple lawsuit cost XRP 3 years of adoption: Lawyer

SEC-Ripple lawsuit cost XRP 3 years of adoption: Lawyer

The United States Securities and Exchange Commission (SEC) lawsuit against Ripple filed in December 2020 has deprived the XRP token of nearly three years of adoption in the United States, said pro-XRP lawyer…

Challenged In UK High Court

Challenged In UK High Court

The Bitcoin Legal Defense Fund, a non-profit organization founded by Twitter founder Jack Dorsey, has challenged its alleged obligation to assist Craig Wright in reclaiming his purportedly stolen billions in Bitcoin. In the…

Google responds to accusations of ads tracking data of children

Google responds to accusations of ads tracking data of children

Google, the parent company of YouTube, responded to a report that suggested YouTube advertisers are sourcing data from children viewing videos on the platform.  On Aug. 18, a day after the report surfaced,…

Some Altcoins Show Recovery Signs, But No Love for Bitcoin

Some Altcoins Show Recovery Signs, But No Love for Bitcoin

A handful of altcoins are starting to show promising signs of recovery following last week’s crypto market crash. However, Bitcoin remains in the digital doldrums having moved very little over the weekend. Over…

US judge rules in favor of human ingenuity, denies copyright for AI art

US judge rules in favor of human ingenuity, denies copyright for AI art

In a recent court decision, United States District Judge Beryl Howell upheld the stance of the U.S. Copyright Office that artworks created solely by artificial intelligence (AI) are not eligible for copyright protection….

XRP Not Security, Legal Clash Endures

XRP Not Security, Legal Clash Endures

The U.S. Securities and Exchange Commission (SEC) admitted that the underlying assets in its case against Ripple and Terraform Labs do not necessarily constitute securities. However, it intends to appeal the judge’s ruling…

New Zealand parliamentary report advises against hasty crypto regulation

New Zealand parliamentary report advises against hasty crypto regulation

While the cry for crypto regulation is becoming ever louder in much of the world, and regulation by enforcement is a controversy, a report prepared for the New Zealand Parliament has recommended a…

The FCA Gets Serious About ‘Travel Rule’ Compliance for Crypto

The FCA Gets Serious About ‘Travel Rule’ Compliance for Crypto

The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), has gotten serious about stopping the use of cryptocurrency for money laundering and other crimes. It has implemented much tougher requirements for companies…

ChatGPT politically biased toward left in the US and beyond: Research

ChatGPT politically biased toward left in the US and beyond: Research

ChatGPT, a major large language model (LLM)-based chatbot, allegedly lacks objectivity when it comes to political issues, according to a new study. Computer and information science researchers from the United Kingdom and Brazil…

Bitcoin Options Set to Expire Today But Markets Already Battered

Bitcoin Options Set to Expire Today But Markets Already Battered

Friday is Bitcoin options expiry day, and market volatility has surged again with the recent big move. Can this week’s tranche of contract expiries reverse the downward momentum for BTC and ETH markets?…

Axie Infinity’s play-to-earn ‘scheme’ alarms Phillippine National Police

Axie Infinity’s play-to-earn ‘scheme’ alarms Phillippine National Police

The Philippine National Police Anti-Cybercrime Group (PNP ACG) scrutinized some of the models used by cryptocurrency games, warning Filipino citizens against the various schemes used to extort money from the gaming community. While…

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