Category: CryptoX News

Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC

Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project’s now-defunct algorithmic stablecoin. According to a court filing, the settlement terms are currently undisclosed and the alleged […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Iconic Auto Brand DeLorean Partners With Web3 Agency Otherlife to Launch Digital Marketplace

On May 30, the renowned auto brand DeLorean, made famous in the iconic film “Back to the Future,” revealed a collaboration with Web3 creative agency Otherlife, a branch of Moonpay. Together, they aim to launch a groundbreaking marketplace where DeLorean enthusiasts can purchase, sell, and exchange vehicle reservation build slots. Web3 Agency Otherlife and Auto […] Source BitcoincryptoexchangeExchanges CryptoX Portal

How Anthropic Designed Itself to Avoid OpenAI’s Mistakes

Last Thanksgiving, Brian Israel found himself being asked the same question again and again. The general counsel at the AI lab Anthropic had been watching dumbfounded along with the rest of the tech world as, just two miles south of Anthropic’s headquarters in San Francisco, its main competitor OpenAI seemed to be imploding. OpenAI’s board had fired CEO Sam Altman, saying he had lost their confidence, in a move that seemed likely to tank the startup’s $80 billion-plus valuation. The firing was only possible thanks to OpenAI’s strange corporate structure,…

Blackrock Advances Spot Ether ETF With SEC Amendment, Analyst Eyes June Launch

The world’s largest asset manager, Blackrock, has updated its S-1 registration statement for the Ishares Ethereum Trust, which will be listed as “ETHA.” According to the update, ‘Seed Creation Baskets’ were acquired by the fund’s ‘Seed Capital Investor.’ Furthermore, several spot ether exchange-traded fund (ETF) applicants now have their respective tickers listed on the Depository […] Source BitcoincryptoexchangeExchanges CryptoX Portal

AI-Driven Fraud on the Rise, Financial Institutions Unprepared, Reveals Report

A new report by Signicat, the European digital identity and fraud prevention solutions provider, reveals that artificial intelligence (AI) is used in over a third of fraud attempts targeting financial institutions, with one in fifteen fraud attempts now using deepfakes. The study, titled “The Battle against AI-driven Identity Fraud,” found that 42.5% of detected fraud […] Source CryptoX Portal

Paxful Slashes Gift Card Fees by 80%, Volumes and Interest Surge

Paxful, the peer-to-peer cryptocurrency platform, has announced a significant reduction in transaction fees for gift cards. The company has slashed its fees by 80%, from the industry standard of 5% to just 1%. This has already resulted in a surge in gift card volumes and trader interest according to the company. The fee reduction applies […] Source CryptoX Portal

what happened to ADA’s big dreams?

Can Cardano, once hailed as the future of blockchain, recover from its steep decline, or has ADA’s journey from promise to disappointment marked the end of its ambitious dreams? How the story started Cardano (ADA) started with big dreams. Created by Charles Hoskinson, one of Ethereum’s (ETH) co-founders, it aimed to tackle the issues of scalability, sustainability, and interoperability that troubled earlier blockchains like Bitcoin (BTC) and Ethereum. Using a proof-of-stake (PoS) system called Ouroboros, Cardano promised a greener and safer blockchain. Cardano’s journey had some notable milestones. The Alonzo…

Nigerian Senate Committee: Regulated Crypto Trading a Boost for Local Currency

The Nigerian Senate Committee on Capital Markets has called for the regulation of cryptocurrency and warned that the country’s unclear position could be costing the country. The committee also urged the government of Bola Tinubu to develop the capital and crypto markets to defend the local currency. Nigeria’s Ambiguous Stance on Crypto The Nigerian Senate […] Source CryptoX Portal

Bitfarms founders may not be acting in ‘best interests’ of shareholders

Bitcoin mining giant Riot Platforms is on track to acquire its rival Bitfarms for $950 million, accusing Bitfarms founders of not acting in the best interests of all shareholders. In an attempt to become the “largest publicly listed Bitcoin miner” globally, American company Riot Platforms has made an acquisition offer of all BITF shares for $2.3 per share to Bitfarms, totaling the acquisition at $950 million. In a press release on May 28, the Colorado-headquartered crypto mining company says its offered cash and common stock in a deal that would…