Cryptocurrency news - Business
Elon Musk says posts busted by Community Notes won’t earn revenue share
Posts corrected by X’s community-driven fact-checking feature will be “ineligible for revenue share,” to stem the flow of misinformation and sensationalism, says Elon Musk. In an Oct. 29 X post, the executive chairman said misleading or inaccurate posts “corrected” by Community...
Kraken to suspend trading for USDT, DAI, WBTC, WETH and WAXL in Canada
According to customer emails, the changes will go into effect starting Nov. 30. Kraken will suspend all transactions related to Tether USDT $1.00, Dai DAI $1.00, Wrapped Bitcoin (WBTC), Wrapped Ether (WET) and Wrapped Axelar (WAXL) in Canada in November and December, according...
FTX probes $6.5M in payments to AI safety group amid clawback crusade
Bankrupt crypto exchange FTX wants to look into millions it had given to the Center for AI Safety, a nonprofit that has argued AI should be a global priority next to pandemics and nuclear war. Bankrupt crypto exchange FTX is looking to demand information on millions of dollars i...
BAYC creator Yuga Labs completes restructuring to focus on metaverse
Yuga Labs, a firm behind the Bored Ape Yacht Club NFTs, has completed restructuring to focus on its upcoming metaverse project Otherside. Yuga Labs, a company behind the major nonfungible token (NFT) project, Bored Ape Yacht Club (BAYC), has completed restructuring amid the ongo...
Friend.tech clone Stars Arena drives surge of activity on Avalanche
The price of AVAX has surged more than 8% amid heightened network activity brought about by Friend.tech look-alike Stars Arena. Decentralized social media (DeSo) application Stars Arena has caused a major uptick in activity on Avalanche’s C-Chain network. As network activity in...
Friend.tech users blame SIM swaps after more than 100 ETH drained in a week
In a short period of time, four friend.tech users reported their accounts were compromised and drained after hackers seized control of their mobile numbers. Friend.tech users are warning of possible SIM-swap attacks after a recent spate of supposed hacks resulting in nearly 109...
The Metaverse is real: Zuck’s ‘incredible’ photorealistic tech wows crypto Twitter
Often roasted for his metaverse tech demos, Zuckerberg appears to have blown away internet users with his latest avatar tech. While critics have been busy writing eulogies for Meta’s metaverse dream over the last few years, Mark Zuckerberg’s latest demonstration of its photoreal...
Hong Kong to list 'suspicious' crypto platforms in wake of JPEX scandal
In the wake of the ongoing JPEX scandal, the Hong Kong Securities and Futures Commission says it will issue a public list of suspicious crypto trading platforms. One of Hong Kong's principal financial regulators, the Securities and Futures Commission (SFC) has vowed to step up e...
FTX bolsters claims portal security measures following cyber breach
Following the cyber breach of non-sensitive data, bankrupt cryptocurrency exchange FTX has reactivated account access to its customer claims portal. Bankrupt cryptocurrency exchange FTX has restored its customer claims portal with tighter security protocols, which was previously...
SBF’s lawyers want to quiz jurors on crypto, altruism and ADHD
U.S. prosecutors, meanwhile, want to ask prospective jurors their beliefs on how cryptocurrency should be regulated. Potential jurors in the upcoming criminal trial of former FTX CEO Sam Bankman-Fried could be asked their thoughts on crypto, effective altruism and attention-defi...