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  • Big AI: A socio-economic rubicon crossing

    Big AI: A socio-economic rubicon crossing

    The following is a guest post by John deVadoss, the co-founder at InterWork Alliance. The pundits expound on Artificial General Intelligence, the so-called AI Singularity, existential threats to humanity from AI, and more. A more pressing and urgent hazard that is not being debated is the centralized AI monopoly (“Big AI”) and its implications to…

  • WazirX launches bounty program to recover stolen assets

    WazirX launches bounty program to recover stolen assets

    The exchange remains focused on addressing the impact on customer funds and ensuring the security and integrity of their platform. In response to a significant cyberattack, WazirX, one of India’s leading cryptocurrency exchanges, has announced the launch of a bounty program to freeze and recover stolen assets. In a post on the X social platform, WazirX…

  • Nigerian crypto star out on bail following police detention

    Nigerian crypto star out on bail following police detention

    Industry watchers are closely monitoring the case for signs of how Nigerian authorities will handle similar cases, which could impact the country’s growing cryptocurrency sector. Nigerian cryptocurrency celebrity Linus Williams, popularly known as Blord, has been granted bail following three days in police custody. The fintech CEO, who commands a significant following in the cryptocurrency community,…

  • South Korea's strict laws on crypto exchanges come into force

    South Korea's strict laws on crypto exchanges come into force

    The new regulations issued by South Korea’s watchdog to protect user assets on crypto exchanges went into effect on July 19. The much-talked-about new regulations from South Korea’s financial security regulator, designed to protect users buying and storing crypto assets with virtual asset service providers (VASPs), came into force on July 19.Titled the “Virtual Asset…

  • Crypto firms’ vulnerability to CrowdStrike blackout: Analyst insights

    Crypto firms’ vulnerability to CrowdStrike blackout: Analyst insights

    Although no major crypto exchange was affected by the CrowdStrike downtime, analysts provided possible impacts in a case where they are. The recent data blackout CrowdStrike experienced has raised questions about its potential impact on various industries, including cryptocurrency firms. Blockchain researcher and ex-CEO of Naijacrypto Chiagozie Iwu provided insights into how the disruption could…

  • ETH price may dip after spot Ether ETF 'novelty' wears off due to surging supply

    ETH price may dip after spot Ether ETF 'novelty' wears off due to surging supply

    Into The Cryptoverse founder Benjamin Cowen says if supply keeps increasing it will “revert” to similar levels before the Ethereum Merge in September 2022. Ethereum is in high speculation territory with spot Ether ETFs set to start trading on July 23. However, an analyst warns that once the initial buzz fades, the asset could face…

  • ‘10:1’ odds against US Bitcoin strategic reserve by 2028: BlockTower Capital

    ‘10:1’ odds against US Bitcoin strategic reserve by 2028: BlockTower Capital

    BlockTower Capital CIO Ari Paul is prepared to “lay 10:1” against the possibility of the US creating a Bitcoin strategic reserve in the next four years. The idea of the United States government holding a Bitcoin strategic reserve may be “bullish” for its price, but is unrealistic to actually come to fruition in the near…

  • TON Network TVL surpasses $760M — Is this bullish for TON price?

    TON Network TVL surpasses $760M — Is this bullish for TON price?

    Investors’ excitement over airdrops and other incentives fueled TON Network’s TVL, but how sustainable is this strategy? Toncoin (TON) is the native coin of The Open Network, a layer-1 blockchain initially developed by the Telegram messaging app. The TON ecosystem is largely driven by Telegram’s 900 million active users. Despite being relatively new to the decentralized…

  • Cboe confirms trading launch of 5 spot Ethereum ETFs on July 23

    Cboe confirms trading launch of 5 spot Ethereum ETFs on July 23

    The Chicago Board Options Exchange (Cboe) issued listing notifications for five new spot Ethereum exchange-traded funds (ETFs) scheduled to begin trading on July 23 — confirming reports from earlier in the week. The notification clarifies that the funds are pending final regulatory approval. The five ETFs are 21Shares’ CETH, Fidelity’s FETH, Franklin Templeton’s EZET, Invesco’s QETH,…

  • Liminal says infrastructure was not responsible for WazirX hack, blames compromised devices

    Liminal says infrastructure was not responsible for WazirX hack, blames compromised devices

    Multiparty computation (MPC) wallet provider Liminal said its infrastructure remains safe and was not compromised in the recent hack of India-based crypto exchange WazirX. The firm made the statement in its post-mortem report on July 19. The report attributes the breach to compromised devices within WazirX’s network, clarifying that Liminal’s user interface (UI) was not…

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