The Avalanche Foundation, an influential supporter of the Avalanche blockchain, has introduced distinctive eligibility framework for acquiring meme coins. This initiative is part of the Foundation’s broader strategy to promote cultural engagement and community building in the cryptocurrency space. The foundation aims to purchase meme coins using funds from its $100 million Culture Catalyst program, … Read more

A recent study from the Massachusetts Institute of Technology (MIT) has provided a new perspective on the ongoing debate about artificial intelligence (AI) replacing human jobs. Contrary to popular belief, the study reveals that human labor remains more cost-effective than AI in most job roles, especially tasks that require visual processing. The study, a joint … Read more

Kaspersky Labs has uncovered sophisticated targeted malware campaign MacOS users that download pirated apps. The malware specifically targets newer operating systems, macOS versions 13.6 and later, and is designed to infiltrate users’ computers through compromised software installers. Once inside, it replaces legitimate Bitcoin and Exodus crypto wallets with infected versions.​​​​ The infection mode includes compromised … Read more

The US Securities and Exchange Commission (SEC) recently faced a significant cybersecurity breach when its X (formerly Twitter) account was hacked on January 9, 2024. This incident put the financial regulatory agencies’ security measures in the spotlight and their presence on social media platforms. Incident review On the afternoon of January 9, an unauthorized party … Read more

Congresswoman Maxine Waters, ranking member of the US House Financial Services Committee, questions Meta Platforms, Inc. (formerly Facebook) regarding its trademark applications, indicative of a potential expansion into the digital asset ecosystem. Waters’ concerns, conveyed in a January 22, 2024 letter to Meta CEO Mark Zuckerberg and COO Javier Olivan, stemmed from five trademark applications … Read more

The Bank for International Settlements (BIS) has announced a set of six pioneering projects for 2024, signaling a significant leap in the integration of emerging financial technologies such as quantum security, AIand green finance. The move demonstrates BIS’s commitment to enhancing the resilience and efficiency of the global financial system in an increasingly digital and … Read more

Alameda Research Ltd., linked to the now-bankrupt cryptocurrency exchange FTX, has voluntarily withdrawn its lawsuit against Grayscale Investments. This development comes amid significant outflows from Grayscale’s Bitcoin Trust (GBTC) following its conversion to an exchange-traded fund (ETF). The lawsuit, which began in March 2023, accused Grayscale of siphoning off more than $1.3 billion in excessive … Read more

OKX, a leading Web3 technology company and crypto exchange made recently titles by integrating your wallet with Osmosis, a decentralized exchange on the Cosmos blockchain, improving its dollar cost averaging bot and surpassing $10 billion in cumulative institutional trading volume on its Liquid Marketplace.​​​​ However, amid this progress, OKX has been embroiled in controversy over … Read more

To combat terrorist financing, the US, UK and Australia have imposed a fifth round of sanctions on Hamas, specifically targeting its virtual currency transfer networks. This action, announced on January 22, 2024, marks a concerted effort by these nations to disrupt the financial mechanisms that support terrorist activities, particularly those facilitated by cryptocurrency. Office of … Read more