Palau to freeze USD-backed stablecoin after pilot launch in July
Palau’s USD-backed stablecoin build on XRP Ledger will be frozen on Sept. 15 as the government will be collecting feedback from users to shape the way ahead. Palau, a country…
AI-generated Drake song up for Grammy nomination
A hit track made from an AI-generated vocal track of the rapper Drake has been submitted to the Recording Academy for Grammy nomination in two categories. A viral track from…
EU financial chief: Don’t rush digital euro before new Commission in June 2024
Mairead McGuinness believes that the CBDC project should be approached “quietly and slowly” by the next European Commission. The European Commissioner for Financial Stability, Financial Services and the Capital Markets…
Nigeria’s Web3 education efforts seek to tackle language challenges
The chief operating officer (COO) of Bitkova Academy, a blockchain education platform, Bello Usman Abdullahi said the language barrier is one of the current major challenges. While Nigeria appears to…
Former OpenSea manager withdraws application for bail pending appeal
The attorneys representing Nathaniel Chastain informed the court that Chastain will self-surrender on Nov. 2 to begin serving his sentence. A former manager at nonfungible token marketplace OpenSea sentenced to…
Rejection of crypto bill exposes Aussies to ‘unregulated market’ — Senator Bragg
Australian Senator Andrew Bragg says a rejection of his crypto bill would drive investment away from the country, but a lawyer says the work that went into the bill will…
FASB rules ‘eliminate the poor optics’ that shied firms from crypto: Analyst
“The change should help MicroStrategy and other companies that hold digital assets to eliminate the poor optics that have been created by impairment losses,” Berenberg Capital analysts say. The United…
Ripple Labs chair slams Biden, Gensler for having ‘screwed up’ on crypto
Ripple Labs chair Chris Larsen commented on the recent cases involving Ripple, Grayscale, and the SEC, arguing it is time for Congress to take the lead on crypto policy. The…
VanEck, ARK filings ‘officially’ start clock for spot Ethereum ETFs: Analyst
Bloomberg ETF analyst James Seyffart expects more spot Ethereum ETFs to be filed in the coming days. The race for the United States’ first spot Ethereum exchange-traded fund has officially…
Celsius Network files ‘adversary complaint’ against EquitiesFirst
Bankrupt crypto lender Celsius Network is attempting to recover assets from a private lender called EquitiesFirst Holdings, which reportedly owes $439 million in cash and crypto. Bankrupt crypto lender Celsius…
Tornado Cash co-founder pleads not guilty to all charges: Report
Roman Storm, facing charges related to Tornado Cash allegedly facilitating money laundering, has been free on bail following his arrest by U.S. authorities in August. Roman Storm, the co-founder of…
Grayscale Bitcoin Trust’s alleged wallet addresses released by Arkham
The blockchain analytics firm claims Grayscale is the world’s second-largest BTC entity. Blockchain analytics platform Arkham Intelligence claims to have identified the addresses of the Grayscale Bitcoin Trust. The trust…
Bitcoin short-term holders capitulate as data highlights potential generational buying opportunity
Bitcoin’s current price action leaves much to be desired, but multiple indicators point to what could be a generational buying opportunity for patient investors. Bitcoin’s price action suggests that the…
OpenAI and Microsoft accused of stealing data to train ChatGPT in new class-action suit
The lawsuit alleges that OpenAI’s profits came as a result of using illegally scraped data to train its models. OpenAI and Microsoft have been named as the defendants in yet…
Appellate judge denies Sam Bankman-Fried’s request for immediate release from jail
The motion from Sam Bankman-Fried’s lawyers will now go to a three-judge panel, with less than four weeks before the former FTX CEO’s criminal trial is set to begin in…