The US Securities and Exchange Commission (SEC) filed the complaint on January 3, 2023 in the US District Court for the District of Columbia. This submission emphasized parallels between its lawsuit against Terraform Labs, its co-founder Do Kwon, and its enforcement actions against Binance, Binance.US and Changpeng Zhaoformer CEO of Binance. The SEC filing drew … Read more
Cipher Mining Technologies Inc. announced the purchase of 16,700 new Bitcoin miners. This significantly acquisition is in line with the company’s strategy to become a leading player in the industry in light of the upcoming Bitcoin halving event expected in April 2024. Understanding Bitcoin Halving and Its Impact Bitcoin halving is a fundamental feature of … Read more
Fans of Elvis Presley, the undisputed king of rock and roll, are in for a groundbreaking experience with the upcoming ‘Elvis Evolution’ virtual concert. According to BBC. The brains behind this project are Layered Reality, a British immersive entertainment company known for cutting-edge experiences such as The Gunpowder Plot and The War of The Worlds. … Read more
ZetaChain, a universal blockchain platform, has announced strategic partnership with Curve Finance. This collaboration introduces native Bitcoin (BTC) support for cross-chain swaps and asset pools on all chains, marking a key moment in blockchain interoperability and asset management. ZetaChain’s Universal Blockchain Capabilities ZetaChain, recognized for its versatile blockchain capabilities, is making a significant leap in … Read more
The recent dYdX v3 incident involving significant price movements on SUSHI and YFI tokens, raised critical concerns in the crypto community. This incident was characterizes through a sophisticated attempt to manipulate market prices, leading to significant financial impact and sparking debates about market integrity and security measures in decentralized finance (DeFi). Understanding the incident The … Read more
California, known for its technological innovation, is taking significant steps to ensure the ethical and safe implementation of artificial intelligence (AI) through legislative action. Introduction of Senate Bills 892 and 893 by State Senator Steve Padilla brands a major move towards establishing a robust framework for AI services, especially those commissioned by government agencies. Senate … Read more
The legal technology sector is experiencing an unprecedented boom, largely driven by advances in AI. This trend is exemplified by the recent fundraising achievements of Robin AI Ltd. and Harvey AI, two companies at the forefront of this revolution. Robin AI has provided a significant $26 million in Series B funding on January 2, 2024, … Read more
At the hands of the National Tax Service (NTS), South Korean gaming company Wemade, which is well known for its blockchain gaming advocacy, has faced a huge tax search the equivalent of $41 million. This request is made with the intention of collecting taxes. An investigation into Wemade’s cryptocurrency operations conducted between 2019 and 2022 … Read more
In early January 2023, the Financial Services Commission (FSC) of South Korea made several decisions that were quite important. A legislative notice published on January 3 highlighted the Financial Services Commission’s (FSC) concerns about the potential for money laundering and illicit financial outflows linked to the acquisition of cryptocurrencies by South Koreans from foreign exchanges. … Read more
Intel Corporation announced the creation of Articul8 AI, Inc., an independent company focused on generative artificial intelligence (GenAI) software platforms for enterprise customers. This move represents a strategic initiative by Intel to expand its footprint in the fast-growing AI sector. Articul8 AI, Inc., which operates independently, was created with the intellectual property and technology developed … Read more