Cryptocurrency news
NIST establishes AI Safety Institute Consortium in response to Biden executive order
Documentation from NIST states the consortium will adopt a “broad human-centered focus” with “specific policies.” The United States National Institute of Standards and Technology (NIST) and the Department of Commerce are soliciting members for the newly-established Artificial In...
Axie Infinity developer brings Japanese Web2 games to Ronin
The first Web2 game of the series to be bridged to Ronin is Zoids Wild Arena. On Nov. 2, Sky Mavis, the developer behind the popular monster-battle nonfungible tokens (NFT) game Axie Infinity, announced a partnership with Korean gaming studio Act Games to bring a variety of Japa...
PayPal faces SEC action related to PYUSD stablecoin: Report
PayPal was the first large fintech firm to adopt digital currencies for payments and transfers after launching its stablecoin in August. Payment giant PayPal has received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its U.S. dollar-pegged...
Tether issues $610M debt financing to Bitcoin miner Northern Data
In September 2023, Tether also invested an undisclosed amount in Northern Data, backing AI initiatives. The Tether (USDT) stablecoin issuer is raising the bet on Bitcoin BTC $35,396 mining by issuing a major debt facility to German-based BTC mining company Northern Data AG. No...
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...
85% of crypto rug pulls in Q3 didn’t report audits: Hacken
A cryptocurrency rug pull is one of the simplest scams to prevent, according to blockchain security auditor Hacken. Cryptocurrency rug pulls are not too difficult to spot by investors, as the majority of such scams usually share distinct and visible features, according to a new...
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...
Polygon launches POL token contract on Ethereum to eventually replace MATIC
The team migrated the POL token contract to the Ethereum network, paving the way for it to replace MATIC in the future. Polygon Labs has launched the Ethereum contract for the new Polygon token, POL, according to an Oct. 25 announcement. The new token is intended to replace the...
Peter Brandt says Bitcoin bottom is in, but prepare for a ‘chopfest’
The prop trader believes that, while Bitcoin has already bottomed, traders should brace themselves for a volatile fight to the next new all-time high. Bitcoin BTC $34,478 may reach new all-time highs by the end of next year, but crypto investors should brace themselves for a “c...