Tag: Digital

Can AI bots steal your crypto? The rise of digital thieves

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What are AI bots? AI bots are self-learning software that automates and continuously refines crypto cyberattacks, making them more dangerous than traditional hacking methods. At the heart of today’s AI-driven cybercrime are AI bots — self-learning software programs designed to process vast amounts of data, make independent decisions, and execute complex tasks without human intervention. While these bots have been a game-changer in industries like finance, healthcare and customer service, they have also become a weapon for cybercriminals, particularly in the world of cryptocurrency. Unlike traditional hacking methods, which require…

Winklevoss twins donate $21m in bitcoin to Digital Freedom Fund PAC

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Tyler Winklevoss and Cameron Winklevoss, the co-founders of the crypto exchange Gemini, have donated $21 million in Bitcoin to the Digital Freedom Fund political action committee. Summary Tyler Winklevoss and Cameron Winklevoss have donated $21 million in Bitcoin to the Digital Freedom Fund PAC. The donation is in support for efforts to make America the crypto capital of the world. Gemini’s Tyler Winklevoss announced the donation of $21 million in Bitcoin (BTC) on Wednesday, noting the move aligns with their quest to help bring President Donald Trump’s vision of the…

From Utility Token To Digital Reserve Asset

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Ethereum’s evolution has followed a trajectory many analysts predicted, from a high-growth utility asset powering decentralized applications, to a maturing store of value that institutions and long-term holders are beginning to recognize. How Ethereum Enters Traditional Finance Ethereum’s journey as a store of value has followed a predictable but powerful curve, and ETH’s rise has been less of a surprise than a confirmation of history. Analyst Cas_Abbe has highlighted on X that since the ETH launch in 2015, what began as an experiment among cypherpunks and developers slowly found its…

Digital Asset Rout: BTC, ETH, and XRP Lead $300B Crypto Sell-Off

Bitcoin experienced a significant drop in the early hours of August 18, briefly falling to $114,955 before stabilizing above $115,200. Market-Wide Plunge and Bitcoin’s Retreat On Monday, Aug. 18, bitcoin ( BTC) tumbled, briefly dropping to $114,955 before recovering and consolidating above $115,200. The top cryptocurrency’s 2.3% decline in 24 hours came just days after […] Source CryptoX Portal

US Treasury Considers Digital ID in DeFi to Curb Illicit Finance

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The US Department of the Treasury is seeking public feedback on how digital identity tools and other emerging technologies could be used to fight illicit finance in crypto markets, with one option being embedding identity checks into decentralized finance (DeFi) smart contracts. The consultation, published this week, stems from the newly enacted Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), signed into law in July. The Act, which sets out a regulatory framework for payment stablecoin issuers, directs the Treasury to explore new compliance technologies, including application…

Digital Currency Group Sues Subsidiaries Over $1.1B Promissory Note

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Update (Aug. 15 at 11:40 pm UTC): This article has been updated to include a statement from Genesis’ counsel. Venture capital firm Digital Currency Group (DCG), the parent company of many entities tied to cryptocurrency and blockchain, has filed a complaint against two of its subsidiaries over a promissory note to guard against the 2022 default of Three Arrows Capital (3AC). In a Thursday filing in the US Bankruptcy Court for the Southern District of New York, DCG alleged that Genesis Global Capital and Genesis Asia Pacific, both under the…

Hive Digital Q1 Earnings Hit Record on Bitcoin, AI Growth

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Hive Digital, a Bitcoin miner turned data center infrastructure provider, reported record revenue and earnings in its fiscal first quarter, driven by strong growth in high-performance computing (HPC) hosting services alongside its core mining business. In its fiscal Q1 2026, Hive generated $45.6 million in total revenue. Digital currency mining contributed $40.8 million, up 44.9% from the previous quarter, as the company mined 406 Bitcoin (BTC) — a 34% increase quarter-over-quarter. Bitcoin’s rising value further supported the company’s performance.  Revenue from its HPC division, operating under the Buzz HPC brand,…

Stablecoins Dominate Digital Asset Transactions in Sub-Saharan Africa, Surpassing Bitcoin

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A study revealed that stablecoins represented 43% of cryptocurrency transactions in Sub-Saharan Africa in 2024, significantly outpacing bitcoin’s 18.1% share. Transaction Growth and Nigerian Dominance According to a study, stablecoins accounted for 43% of cryptocurrency transactions in Sub-Saharan Africa (SSA) in 2024, more than double that of bitcoin (18.1%). Nigeria and South Africa lead the […] Original

S&P Global Expands Credit Ratings to Crypto Institutions, Including Stablecoins and Digital Asset Funds

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S&P Global Ratings has assigned a B- issuer credit rating to Sky Protocol, formerly known as Maker Protocol, marking the first time a major credit rating agency has issued a rating for a decentralized finance (DeFi) platform. The rating is part of S&P’s ongoing assessment of stablecoin issuers, which began in 2023 to evaluate their ability to maintain a stable value relative to fiat currencies. The review covers the creditworthiness of Sky’s liabilities, the USDS (USDS) and DAI (DAI) stablecoins and the sUSDS and sDAI savings tokens.  Sky Protocol, evaluated…

Biometric ID Platform Humanity Protocol Launches Mainnet, Enhancing Privacy-First Digital Identity

Humanity Protocol has officially launched its mainnet, introducing a unified identity layer that connects Web2 credentials with decentralized Web3 services through zero-knowledge Transport Layer Security (zkTLS). This technology allows users to verify credentials, such as job titles or university transcripts, without exposing personal data. At launch, travelers can link frequent-flyer and loyalty accounts from major […] Source CryptoX Portal