The Coinbase Chief Legal Officer (CLO), Paul Grewal, has vehemently countered a recent report by the U.S. Government Accountability Office (GAO). The report raised concerns about the use of cryptocurrencies to evade U.S. economic sanctions. The GAO report highlighted instances where foreign states facing U.S. sanctions used cryptocurrencies like Bitcoin (BTC) to circumvent the intended […]
5 Artificial Intelligence (AI) Stocks to Buy Now
The technology market is evolving at a rapid pace lately and artificial intelligence (AI) stocks have emerged as a leading player in the space. Notably, the AI as well as the generative AI (GenAI) sectors are now among the hottest trend globally, due to their wide use cases. However, it’s also worth noting that the […]
BSC Reduces Security Breach Losses in 2023 Despite Increase in Cyber Crime Cases
BNB Smart Chain (BSC) on Monday said that the contract blockchain saw a steady decrease in financial losses from security breaches in 2023. The Binance-backed blockchain network published a report on Monday stating that the total financial loss dropped to just $97 million in 2023. BSC sees a drop in losses from security incidents BSC […]
JPEX Crypto Exchange Assets Frozen by Hong Kong Police Over Alleged Fraud
The JPEX case in Hong Kong has sprung back to life, sending shockwaves through the cryptocurrency community. After months of silence, authorities have frozen assets worth over US$29 million linked to the collapsed exchange. With key figures arrested and ongoing investigations, concerns over fraud in the digital asset space are reignited. JPEX Crypto Exchange Assets […]
FTX’s $1B Grayscale ETF Sale Linked to Major Outflows: Report
The now-bankrupt exchange FTX has reportedly offloaded nearly $1 billion of shares in Grayscale’s Bitcoin Trust (GBTC). This massive sell-off revealed through confidential data and anonymous sources, is part of FTX’s ongoing bankruptcy process. The exchange aimed to liquidate its holdings to aid in reimbursing its creditors, having disposed of all 22 million shares it […]
Magic Eden Debuts Bitcoin Runes Platform Ahead of Schedule
Magic Eden, a prominent player in the NFT marketplace, has introduced its latest innovation—a platform for Bitcoin Runes. Scheduled for release on April 23, 2024, the platform was released earlier, according to a company representative. Among the features of this new update is the possibility of transferring BTC and buying Runes and Ordinals directly with […]