Fund Management Titan Fidelity Says Bitcoin Is A “Superior Form Of Money”
Fund management titan Fidelity Investments says Bitcoin is a “superior form of money” and that investors overestimate its downside risks. It shared this view in Go to Source
US senators draft NO FAKES bill to ban unauthorized AI copycats
The proposed act came just hours after talks broke down between actors and Hollywood studios, with AI replicas a major friction point in negotiations. Unauthorized artificial intelligence-powered recreations of people’s…
DOJ charges exec over ‘cherry picking’ scheme involving crypto futures
The former CEO of Systematic Alpha Management faces up to five years in prison for his role in a fraudulent scheme tied to crypto futures contracts. The former CEO of…
NFTs aren’t dead — they’re just resting
The market for nonfungible tokens (NFTs) might be struggling during this “NFT Winter,” but there are signs of life if you know where to look. Headlines predicting the death of…
BitVM’s goal is to scale Bitcoin, not be a pseudo-Ethereum, says dev
Building a decentralized exchange on Bitcoin would be a “step backward,” for example, said Bitcoin developer Super Testnet. One of the developers working on “BitVM” — a Bitcoin-based virtual machine…
House committee chairman threatens SEC chair with subpoena, but not over crypto
U.S. House Oversight and Accountability Committee chair James Comer thinks Genlser is stonewalling him. Crypto supporters know the feeling. James Comer, chair of the United States House of Representatives Oversight…
Stocks fall, yields rise as inflation data comes in hotter than expected
The stock market declined on Oct. 12 as the US BLS released new data showing prices rose faster than expected. Stocks fell in the United States on Oct. 12 as…
Trader Joe’s grocery store files trademark lawsuit against Trader Joe DEX
The claims include allegations of federal trademark infringement and dilution, with Trader Joe allegedly capitalizing on the store’s “name, goodwill, and brand recognition.” Lawyers representing United States supermarket chain Trader…
Changpeng Zhao’s tweet ‘contributed’ to collapse of FTX, claims Caroline Ellison
The former Alameda Research CEO placed part of the blame for FTX’s failure on CZ, while the Binance CEO claimed Ellison’s offer to buy the firm’s FTT holdings was the…
Uptober might be over: Bitcoin price data shows investor sentiment at 3-month low
Bitcoin price has corrected at each attempt to rally above $28,000. Cointelegraph explains why. Bitcoin (BTC) faced a 4.9% correction in the four days following the failure to break the…
China opens industrial park for digital yuan CBDC development in Shenzhen
The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan. China opened an industrial park dedicated to developing the…
CFTC and FTC file lawsuits against former Voyager Digital CEO for fraud, making false claims
The legal action followed reports staff at the CFTC had completed an investigation concluding Stephen Ehrlich violated U.S. derivatives regulations. The United States Commodity Futures Trading Commission (CFTC) and Federal…
Stocks across Asia and Europe rise on Economic growth indicators
Stocks across the Asia Pacific region marked a second consecutive day of bullish growth as the European stock market reached a three-week high. Stock markets in the Asia-Pacific region and…
Trader swaps 131k stablecoins for $0 during USDR depeg
An attempt to withdraw USDR stablecoins amid a liquidity crunch appears to have gone horribly wrong. During yesterday’s real-estate-backed U.S. dollar stablecoin Real USD (USDR) crisis, a trader appears to…
Did SBF really use FTX traders’ Bitcoin to keep BTC price under $20K?
Bitcoin sales by FTX come to light as part of the SBF trial, as one prediction suggests that they stopped the BTC price from hitting $100,000. Bitcoin (BTC) failed to…