Crypto investment funds see $435M outflow as bull market stalls amid rising inflation concerns

Once again, the question of whether digital assets constitute securities is under question. 77 Total views 13 Total shares A Connecticut Jury has found that digital assets linked to cryptocurrencies are not securities in what a defense lawyer called a world-first verdict. GAW Miners investor Stuart Fraser was cleared of liability in a fraudulent operation co-opted…

Musk said in a recent interview that if done right, X has the potential to become half of the global financial system. 441 Total views 5 Total shares The popular social media platform Twitter officially rebranded to X after months of teasing by its former CEO, Elon Musk. The rebranding saw the popular social media…

Author Sarah Silverman, and two others, opened a lawsuit against OpenAI and Meta for using copyrighted work to train their AI systems without permission. The American comedian and author Sarah Silverman, along with two other authors, Richard Kadrey and Christopher Golden, have filed lawsuits against Meta Platforms’ LLaMa and OpenAI’s ChatGPT over copyright infringement.Meta and…

CEO Brian Armstrong expects the percentage of profits spent on cryptos to grow over time. 77 Total views 2 Total shares Leading U.S. exchange by trade volume, Coinbase, has revealed plans to add half a billion dollars worth of crypto to its balance sheet.Coinbase CEO, Brian Armstrong, announced that the company’s board had approved the…

Bitcoin (BTC) fell to around its lowest levels this year on March 12 as another wave of coronavirus panic gripped both cryptocurrency and traditional markets.Cryptocurrency market daily overview. Source: Coin360BTC price sheds another 7%Data from Coin360 and Cointelegraph Markets showed BTC/USD sliding under $7,400 on Tuesday. The last time such levels were seen was on…

This week CNBC reported that Morgan Stanley will give its millionaire clients access to Bitcoin (BTC) starting in April and this shows that traditional financial powerhouses are under pressure from their clients who are demanding exposure to cryptocurrencies. This suggests that the rate of institutional adoption may still be at a nascent stage.Crypto market data…

The government previously promised to liquidate approximately 40,000 remaining BTC from the seizure in “four more batches” over the remainder of the calendar year. 360 Total views 1 Total shares A cryptocurrency wallet associated with the United States Department of Justice (DOJ) moved approximately 9,825.25 Bitcoin worth around $299 million in a series of transactions on…

A number of pools using Vyper have been exploited due to a malfunctioning reentrancy lock that potentially exposes all pools with wrapped Ether (WETH). 136 Total views 1 Total shares Decentralized finance (DeFi) protocols are undergoing a stress test following a critical vulnerability was found on versions of Vyper programming language, resulting in the theft…

Blockchain-based PC games distribution platform Ultra.io has announced on Oct. 2 that its first three block producers (BPs) are Bitfinex, EOS Rio and EOS New York.All three future network maintainers are EOS BPs while Bitfinex is also a major and well-known cryptocurrency exchange.Making the gaming industry fairerPer the announcement, the three entities will help Ultra…