California AI bill aimed at preventing disasters draws ire from Silicon Valley
Crypto VC giant a16z claims the AI legislation will “burden startups because of its arbitrary and shifting thresholds.”
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Binance buys virtual property in blockchain game The Sandbox
Binance has acquired virtual real estate property on the leading blockchain gaming platform The Sandbox. The cryptocurrency giant Binance has acquired virtual space within the blockchain gaming platform The Sandbox by buying 4,012 LAND tokens — each of which is a non-fungible token representing a piece of unique virtual real estate in The Sandbox metaverse.The…

Digital collectibles market sees 45% decline in Q2
CryptoSlam data shows a significant volume drop for NFTs from Q1 to Q2, with digital collectibles set to hit the lowest monthly transactions since March 2021.

DMM Bitcoin exchange liquidates, and rug pulls are on the rise: Crypto-Sec
Crypto exchange DMM will liquidate after suffering a $320 million hack back in May.

Hedera’s HBAR token pumps 96% on misinterpreted BlackRock announcement
A widely misinterpreted announcement from the HBAR Foundation has sparked confusion among crypto influencers and sent the price of HBAR token soaring.

'Every meme coin is a rug pull in the works' — Mark Cuban
According to CoinGecko, memecoins were the biggest crypto narrative in the second quarter of 2024, with a 14.3% share of all transaction volume.

MicroStrategy buys the dip by purchasing 660 Bitcoin for $25M
MicroStrategy bought significantly less BTC in January than in previous months, according to official data. Major Bitcoin (BTC) investor MicroStrategy has announced another major BTC purchase during a market dip to collect a total of 125,051 BTC as of Monday.According to an official form with the United States Securities and Exchange Commission (SEC) filed on…

NBA-China Scandal Crashes Nike Sneaker-Backed Crypto Token Price
A now-viral post by a Chinese cryptocurrency trader has highlighted the stark drop in the price of American sneaker-backed tokens in the wake of the fallout between the NBA and China.As Reuters reports on Oct. 16, the anonymous trader’s Weibo post from earlier this month had shone a spotlight on an apparent 10% crash in…

Silver Miller Files Lawsuit Against Creator of Alleged Crypto Ponzi Scheme
United States crypto-focused law firm Silver Miller has filed a lawsuit against a purported crypto hedge fund manager who was allegedly operating a fraudulent Ponzi scheme. The court documents were published to the Silver Miller website Dec. 26.The case — which has been filed at the Court of the Southern District of New York on…