Australia fines Kraken operator $5M for regulatory breaches

A dozen European Union (EU) politicians have signed a letter calling for the “safe” development of artificial intelligence (AI) as Google's CEO cautioned against releasing powerful AI tech before society has had a chance to adapt.An April 16 open letter shared on Twitter by EU Parliament member, Dragoș Tudorache, called for a collaborative effort and…

Litecoin (LTC) founder Charlie Lee has addressed recent project abandonment allegations.In a series of tweets published on Aug. 10, Litecoin founder Charlie Lee addressed allegations that Litecoin did not have further plans for the coming year:“Recently there's been a lot of FUD about Litecoin having no code commits in 2019. When you look at Litecoin…

Former top U.S. banking regulator Brian Brooks is joining the U.S. affiliate of the world’s largest cryptocurrency exchange as its new CEO. 3260 Total views 22 Total shares Brian Brooks, the former acting comptroller of the currency of the United States Office of the Comptroller of the Currency, is set to become the new CEO…

Crypto wallet provider Komodo effectively hacked itself to prevent fraudsters from accessing its users’ funds, the company confirmed in a blog post on June 5.Security researchers had alerted the company to a vulnerability in its Agama wallet. Realizing that hackers could strike any moment, Komodo’s cybersecurity team decided to use the same exploit to move compromised crypto…

Nonfungible tokens are all the rage right now, but how long will the fanfare last? Nonfungible tokens, or NFTs, have gained significant traction in the crypto space in recent months, with some tokens selling for millions of dollars. Even though the current excitement over NFTs will eventually simmer down, the concept will live on, according…

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Schwab’s crypto ETF would buy into stocks on its Crypto Economy Index to give investors indirect access to digital assets by investing in businesses that deal with crypto. 190 Total views 21 Total shares Multinational financial services giant Charles Schwab has responded to client demand to invest in cryptocurrency by filing with the Securities and…

Rapper Post Malone bought two Bored Ape Yacht Club NFTs for a combined 160 ETH via a new crypto fintech startup MoonPay. 951 Total views 26 Total shares Rapper Post Malone is the latest celebrity to move into nonfungible tokens (NFT) by promoting a major NFT project and a cryptocurrency firm.In his latest collaboration with…

The crypto community is incredibly financially literate and savvy. Despite everyone calling for crypto adoption and more merchants to accept crypto as payment, most people want to accumulate more crypto, not spend it. Holders think it will be worth more in the future, so why spend it now?Spending Bitcoin (BTC) at Starbucks for a cup…