US DEA’s $50k Loss to Crypto Scammer Revealed in Forbes Report

The U.S. Drug Enforcement Agency (DEA) has fallen victim to a crypto scam, losing more than $50,000 in Tether’s USDT cryptocurrency. The incident came to light through a recent report by Forbes on August 24th. According to the report, the DEA unintentionally transferred 55,000 USDT to a fraudulent wallet controlled by a cunning scammer. The […]

Meta Unveils ‘Code Llama’: A Breakthrough AI Developer Assistant

In a significant stride towards aiding developers, Meta, the parent company of Facebook, made an impactful announcement on August 24. They introduced ‘Code Llama,’ a cutting-edge artificial intelligence tool designed explicitly for coders and developers. With a clear focus on revolutionizing the coding landscape, Code Llama leverages the capabilities of a large language model (LLM). […]

Mark Cuban Criticizes OpenSea’s Decision on Optional NFT Royalties

Billionaire entrepreneur Mark Cuban has voiced strong objections to OpenSea’s recent decision to make royalty payments for non-fungible tokens (NFTs) optional. Cuban highlighted his concerns in an Aug. 18 tweet, labeling the move as a “HUGE MISTAKE” with potential repercussions for the industry’s integrity. Understanding NFT Royalties OpenSea announced on Aug. 17 that it would […]

Vitalik Buterin’s Ethereum Wallet Sends $1 Million Worth of ETH to Coinbase Amidst Price Struggles

Based on on-chain data, a wallet linked to Vitalik Buterin, one of Ethereum’s co-founders, executed a transaction today by sending 600 Ether, approximately valued at $1 million, to the Coinbase exchange. The reason for this transaction is still uncertain at the time of this report. Typically, transfers to exchanges are interpreted as potential intentions to […]

SpaceX Suffers $373 Million Bitcoin Write-Down Amid Market Crash

SpaceX, led by billionaire Elon Musk, has been implicated as one of the driving forces behind a significant cryptocurrency market dip, with Bitcoin (BTC) falling sharply to approximately $25,300. This sharp decline came on the heels of a Wall Street Journal (WSJ) report that disclosed previously unrevealed financial details about SpaceX. According to the WSJ, […]

Mastercard Teams Up with Blockchain Leaders for Central Bank Digital Currency Evolution

In a significant move to harness the potential of Central Bank Digital Currencies (CBDCs), global payment leader Mastercard revealed its collaboration with blockchain frontrunners Ripple, Consensys, and several others on Aug. 17. Unveiling its CBDC Partner Program, the company welcomed a range of other prominent partners, notably Fluency, Fireblock, Consult Hyperion, and Idemia, amplifying its […]

Elevating the Landscape of AI-Blockchain Fusion: Jada AI Raises $25 Million Investment

In a harmonious melding of groundbreaking technologies, the Jada AI project emerges as a transformative force at the crossroads of artificial intelligence and blockchain. With an infusion of $25 million in investment capital from the esteemed alternative investment group, LDA Capital, Jada AI is poised to redefine the contours of enterprise decision-making and operational scalability. […]

BitGo’s Striking Surge in the Crypto Custody Market

Cryptocurrencies are reshaping the world’s economic structures, and safekeeping these assets has become crucial. Amidst this backdrop, BitGo emerges as a frontrunner, showcasing an ability to adeptly pivot and grow. A Brief History: BitGo’s Evolution The capricious nature of the crypto market demands resilience and adaptability, attributes that BitGo possesses in abundance. 2021 Acquisition Deal […]

Coinbase Introduces Grassroots Movement: The Stand With Crypto Alliance

Coinbase, on August 14, unveiled its “Stand With Crypto Alliance”, a fresh endeavor targeting the opposition to cryptocurrency legislation. Although a comprehensive strategy is still under wraps, Coinbase’s intention is evident: to spark a grassroots revolution pushing for crypto-friendly legal transformations. With 52,269 supporters already on board, Coinbase urges enthusiasts to enlist in the Stand […]

PayPal Expands Crypto Presence: PYUSD Stablecoin Targets DeFi Integration

PayPal, a major player in the financial technology space, is extending its foray into the cryptocurrency industry with the integration of its newly introduced stablecoin, PYUSD, into the decentralized finance (DeFi) ecosystem. Jose Fernandez da Ponte, PayPal’s Senior Vice President of Blockchain, Crypto, and Digital Currencies, recently shared the company’s ambitions during an appearance on […]

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