San Fran city attorney sues sites that ‘undress’ women with AI
Dek: AI-powered websites allowing users to create nonconsensual nude photos of women and girls were visited 200 million times in the first half of the year.
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AXS price gains over 16% as Axie Infinity closes in on 1M daily active users
The price of Axie Infinity's native token AXS surged on Wednesday despite a lackluster upward momentum elsewhere in the cryptocurrency market.The AXS/USD pair rose to as much as $44.96 following a 16.44% intraday jump. Nonetheless, the strong upside move came as a part of a sideways trend that saw AXS fluctuating inside the $36.48-$56.57 price…
Decentralized Communication Startup New Vector Raises $8.5M
London-based decentralized communication startup New Vector has raised $8.5 million to drive adoption for Matrix, a major alternative messaging protocol.Slack rival Riot.IMThe Matrix protocol, which enables secure communication via end-to-end encrypted messaging applications such as Riot.IM, an alternative to WhatsApp, Telegram or Slack, will continue scaling and growing its network with the newly raised funds,…
Bulls Control Bitcoin Price Even as Funding Rates Reach Record Highs
Bitcoin (BTC) price finally woke up and surged to a new 2020 high but as the markets surged past $10,000, some traders seem to have opened excessively leveraged long positions. This effect became more noticeable as the funding rate for perpetual contracts reached the second-highest level this year at 12.4% per month.Funding alone shouldn’t be considered…
Bitcoin bulls risk losing $365 million upon Friday’s BTC options expiry
Bitcoin’s (BTC) price action hasn’t been bullish despite the $69,000 all-time high on Nov. 10. Some argue that th descending channel formed 40 days ago is the dominant trend, and $56,000 marks its current resistance.BTC/USD price on FTX. Source: TradingViewSuch bearishness follows scrutiny from United States regulators, after a Nov. 1 report from the President’s…
Coinbase cites Binance BNB token precedent in SEC petition
“Rulemaking is required here because the SEC has adopted a novel and sweeping, yet still indeterminate, view of the securities laws,” attorneys wrote.
The Financial System of the Future — Who Benefits From CBDCs?
In recent months, the race for the development of a central bank digital currency is gaining pace. The last signal was launched by Chinese President Xi Jinping, who publicly stated the need to invest public resources in blockchain, slated to be the core technology of the future. The euphoria of the Chinese market following the…
Russian Smelting Giant Nornickel to Launch Digital Trading Platform by End of 2019
Russian mining and smelting giant Nornickel is planning to roll out a digital platform for metals trading by the end of 2019, local news outlet TASS reported on July 9.The vice-president of Nornickel, Andrey Bugrov told TASS that “the preparation process was quite lengthy, but nevertheless, we plan to bring this product [digitization of metal…
Bitcoin miner Rhodium files for bankruptcy in Texas court
Rhodium’s debts range between $50 million and $100 million, while its total assets are estimated between $100 million and $500 million.