Prager Metis to pay $745K to settle SEC charges over FTX audit misconduct
The regulator alleges that Prager issued two audit reports for FTX between February 2021 and April 2022 that falsely represented auditing standards.
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Coronavirus, Drug Dealers and Buffett’s BTC: Bad Crypto News of the Week
The experts have had a rough few days. Anthony Pompliano, co-founder and partner at Morgan Digital Creek, spoke to CNN about Warren Buffett’s poor view of Bitcoin. The Sage of Omaha had said that he doesn’t own any BTC and sees no value in digital currencies. Pompliano argued that Buffett might be a whiz when…

Cyberattacks target French government websites: Report
French authorities have come under fire from free speech activists and the crypto community after arresting Telegram founder Pavel Durov.

Crypto Companies Adopt Features Similar to Banks (Only Better) to Drive Growth
Cryptocurrency exchange Deribit recently published an analysis explaining that cryptocurrency companies are racing to adopt financial services known from legacy finance. The post points out that all crypto companies, exchanges included, will soon offer users interest accounts, cost-effective ways to perform transactions, and tax services. Throughout his post, he explains why these features, along with others,…

What is fair use? US Supreme Court weighs in on AI’s copyright dilemma
Generative artificial intelligence models such as OpenAI’s ChatGPT are trained by being fed giant amounts of data, but what happens when this data is copyrighted?Well, the defendants in a variety of lawsuits currently making their way through the courts claim that the process infringes upon their copyright protections.For example, on Feb. 3, stock photo provider…

Total crypto market value breaks $1.9T for the first time since May
Crypto markets have recorded a notable rise, surging $700 billion, or 58%, over the past 21 days. 1112 Total views 30 Total shares The cryptocurrency market has continued a solid bullish trend in early August, with the total market capitalization nearing $2 trillion.According to data from crypto data aggregator CoinGecko, the total crypto market cap…

Price analysis 4/7: BTC, ETH, BNB, XRP, ADA, DOT, UNI, LTC, LINK, THETA
According to CoinShares, the institutional inflow into crypto products hit $4.5 billion in Q1, which is 11% higher than the intake seen in Q4 2020. This shows that institutional interest is on the rise but the quarter-on-quarter growth has slowed down from the 240% recorded in Q4 2020. As Bitcoin price moves higher, more funds are…

MicroStrategy expands Bitcoin holdings with $5.4B purchase
MicroStrategy acquires 55,000 Bitcoin for $5.4 billion, boosting its holdings to 386,700 BTC amid bullish institutional sentiment.

Webtoon platform Kakao Piccoma buys 50% of Japan’s Sakura Exchange
It follows a history of crypto projects from Kakao, including its Ground X blockchain subsidiary, which won the South Korean Central Banks’ CBDC tender last year. 222 Total views 32 Total shares Kakao Piccoma, a Japanese digital comics' subscription service and subsidiary of the Korean internet company Kakao, has purchased a 50% controlling stake in…