Coffeezilla calls out AI firm Rabbit over alleged NFT scam
Coffeezilla said that the artificial intelligence product Rabbit R1 was overhyped, similar to the Gama NFT project, which he believes to be a “scam.”
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US stocks lose $1.25T in a day — more than entire crypto market cap
Bitcoin (BTC) and altcoins lost big on Aug. 26 after the United States Federal Reserve delivered hawkish remarks on economic policy.Across the board, risk assets took a major hit — U.S. equities shed around $1.25 trillion in a single session.Analyst: Powell retiring "soft landing" rhetoricAs comments by Fed Chair, Jerome Powell, suggested that larger rate hikes…

Celo Developer Bootcamp Announces 18 Finalists From 15 Countries
Open-source payments network and Libra rival Celo has announced 18 finalists spanning 15 countries from its CeloCamp blockchain accelerator program hosted in partnership with digital events company Upright.The program, launched during mid-February, comprises an eight-week virtual boot-camp intended to stimulate app-building on top of the Celo blockchain prior to its launch.The teams are competing for…

EU says ChatGPT outputs too much false information to comply with rules
While the assessment remains ongoing, OpenAI appears to have made little in the way of progress since 2023.

Winklevoss’ Crypto Exchange Gemini Eyes Entrance Into UK Market, Sources Report
Tyler and Cameron Winklevoss, creators of U.S..-based cryptocurrency trading platform Gemini, are looking to expand the platform to the U.K. market, sources told the Financial Times (FT) September 24.The Gemini Trust Company, founded in New York in 2014, is currently ranked the 58th largest crypto exchange globally by adjusted daily traded volume, according to CoinMarketCap.The…

Nexo and Amber Group executives claim ‘exponential’ growth in crypto institutional investment
During the 8th edition of the Blockchain Africa Conference 2022, Cointelegraph's editor-in-chief Kristina Lucrezia Cornèr moderated a virtual panel titled "Cryptocurrency Institutional Investment: Increasing Returns and Improving Diversification." Panelists Kalin Metodiev, co-founder and managing partner at Nexo, and Dimitrios Kavvathas, chief strategy officer at Amber Group, focused on the opportunities that institutional investors perceive in the…

DLT tracking partnership to fight fake diamonds in China
Everledger’s partnership with JD.com will allow buyers in China to purchase diamonds knowing their origins. DLT supply chain firm Everledger is partnering with local Chinese diamond sellers to ensure customers only receive genuine gemstones.In an Aug. 25 announcement, Everledger, a global digital registry for diamonds, said it would be working with Chinese e-commerce giant JD.com…

What is crypto tax-loss harvesting, and how does it work?
Crypto tax planning can help optimize taxes by identifying opportunities to minimize tax liability on cryptocurrency transactions. For instance, donating cryptocurrency to a charitable organization can provide a tax deduction and also avoid capital gains tax on the donated assets.Crypto tax-loss harvesting is another strategy that cryptocurrency investors use to reduce their overall tax liabilities.…

Australian financial regulator sues eToro over ‘volatile’ trading products
Australia’s financial regulator has sued eToro over its contract for difference (CFD) product, alleging the trading platform used insufficient screening tests when offering the leveraged derivative contracts to retail investors.The Australian Securities and Investments Commission (ASIC) said on Aug. 3 that it hadcommenced Federal Court proceedings over eToro’s CFD product for targeting too wide a…