Robinhood to Pay for Spamming
In 2021, a class-action lawsuit was filed against Robinhood in Washington, citing violations of Commercial Electronic Mail Act and Consumer Protection Act.
Hong Kong Gears Up for Stablecoin Legislation
In a span of two months, the Hong Kong Monetary Authority (HKMA) collected 108 responses from industry players and financial institutions about regulations for fiat-referenced stablecoins. Government officials see these assets as the most promising, which is why the new bill will focus on them.
Bitwise CIO Predicts ETH to Hit $5000
In a recent note on the company’s website, Matt Hougan, Chief Investment Officer of Bitwise, forecasts that inflows into Ethereum-based exchange-traded products (ETPs) could push ETH prices above $5000.
Craig Wright Is Not Satoshi Nakamoto, His Website States
Craig Wright, who has famously claimed to be Satoshi Nakamoto, was compelled to issue a retraction on his website after the High Court of England and Wales found his claims to be false.
AI Steps Up for Crop Yield Forecasting
Cropin Technology, a company specializing in artificial intelligence within the agricultural sector, has launched Sage—a new tool designed for crop yield forecasting. This tool leverages the Google Gemini model and analyzes historical agricultural data to provide real-time forecasts for 13 different crops.
H-Coin Founder Convicted of Fraud
A U.S. court has convicted Chinese businessman Miles Guo (real name Guo Wengui) of racketeering conspiracy and a $1 billion fraud. Simultaneously, the U.S. Securities and Exchange Commission (SEC) has also charged him with cryptocurrency fraud linked to his H-Coin project, which raised about $500 million.
Match Systems Targets Phishing App Angel Drainer
Blockchain security company Match Systems has identified several developers behind the phishing app Angel Drainer, which promptly ceased operations. Preliminary assessments indicate that at least 35,000 users lost around $25 million due to Angel Drainer’s activities.
Uniswap Extension Now Open to All Users
Uniswap, the decentralized exchange, officially released its Uniswap Extension browser add-on to the public. This extension serves as a non-custodial wallet with an integrated swap feature located on the browser’s sidebar, rather than the usual pop-up window.
Spot ETH ETFs are Set to Launch Amidst Mt. Gox Reimbursements
Bloomberg’s senior ETF analyst, Eric Balchunas, has revealed that the SEC asked applicants to submit their final S-1 form documents by Wednesday, along with a request for effectiveness on Monday. This suggests that the launch could happen on Tuesday, July 23.
U.S. Officials Likely to Act Before Inflation Hits 2%
Fed Chair Jerome Powell recently spoke at the Economic Club of Washington, highlighting the influx of positive inflation data and the unlikely prospect of the economy experiencing a “hard landing.”
Synchron Integrates OpenAI’s AI into Its BCI Platform
The project will use generative AI to help paralyzed patients generate messages via signals from its BCI.
Tornado Cash Co-Founder’s Case Gets Delayed
A U.S. court granted a three-month postponement in the case of Tornado Cash co-founder Roman Storm, despite the prosecution’s objections.
Crypto Market Records Gains Post Trump Assassination Attempt
During a campaign rally in Pennsylvania, a 20-year-old local resident fired a shot at Donald Trump, injuring him in the ear. Reuters reported the incident.
Interview with the Shiba Inu Leaders
Shytoshi Kusama and Kaal Dhairya, the anonymous developers behind the iconic meme coin SHIB, recently sat down for a live interview with a journalist from Arabian Business in an undisclosed country.
Coinbase Wallet Launches Web App
Coinbase Wallet has launched a new web app that enables users to connect multiple wallets, analyze balances and transactions, manage DeFi positions, and even handle NFT collections across major blockchains. To enhance user experience, developers have added specific filters for selected networks or wallets.
Morgan Creek Digital Launches $500 Million Fund
American company Morgan Creek Digital plans to raise $500 million for its new Web3 Venture Capital Fund, which will focus on artificial intelligence, blockchain technologies, chip manufacturing, and data processing. This initiative is part of the firm’s strategy to expand its presence in Europe, Africa, and other regions, building on its already managed assets of over $440 million.
Senators Introduce AI Regulation Bill
A bipartisan group of senators has introduced a new bill known as COPIED, aimed at regulating artificial intelligence, particularly focusing on combating deepfakes and ensuring fair compensation and rights for content creators. Should this initiative pass, it would implement these standards at the federal level.
Court Questions Coinbase’s Pursuit of Gensler’s Emails
Federal Judge Katherine Polk Failla has advised the cryptocurrency exchange Coinbase not to seek access to the personal correspondence of SEC Chairman Gary Gensler, particularly those messages sent before his appointment. She characterized the request as inappropriate but allowed formal proceedings to begin.
SEC Ends BUSD Probe
The U.S. Securities and Exchange Commission (SEC) concluded its investigation into Paxos and its stablecoin, BUSD. Jorge Tenreiro, Acting Head of the Crypto Assets and Cybersecurity Division, privately informed the company of this decision on July 9.
Neuralink to Implant Second Neural Chip Soon
Neuralink, a neurotechnology company, is gearing up to implant a chip in a second patient within the next few weeks. This plan comes despite recent connectivity problems with the brain device in the first patient, which required immediate engineering intervention.
AI and Atomic Bomb Genesis Lab Team Up
OpenAI announced a partnership with the Los Alamos National Laboratory, renowned for its role in developing the world’s first atomic weapon.
Marathon Data Center Manager Cleared of Noise Complaint Charges
A jury has acquitted David Fischer, the manager of Marathon Digital’s Texas data center, of all charges related to alleged noise pollution violations.
Huione Guarantee’s Illicit Activities Exposed by Elliptic
Elliptic, an analytical company, performed a detailed probe into the Asian trading platform Huione Guarantee, which has attracted significant attention from fraudsters.
xAI and Oracle: $10 Billion Deal Falls Through
xAI, a company specializing in building artificial intelligence, failed to reach an agreement with Oracle to expand its computing capacity lease. The deal faltered due to unrealistic deadlines set by Elon Musk and potential issues with the power supply at the site proposed by xAI staff.
Polychain Ex-Partner Faces Allegations of Undisclosed Deal
Polychain Capital has accused its former general partner, Niraj Pant, of secretly arranging a deal with cryptocurrency project Eclipse Labs, where he received tokens without informing the company. According to internal documents from Eclipse, Pant was allocated 5% of the tokens shortly after he recommended that Polychain invest in the project.
Opinion
MORE
Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
Investigation
MORE
Zora Network Reviewed: A Testnet Guide
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.