Two Middle Eastern powerhouses are vying for the AI crown. With its cutting-edge AI chips, Nvidia finds itself at the center of an escalating race between Saudi Arabia and the UAE. With global chip shortages and surging demand from major
Congresswoman Maxine Waters voices concerns as PayPal unveils PYUSD stablecoin, highlighting potential implications for financial markets. Meanwhile, reports suggest an alarming surge in counterfeit PYUSD tokens across blockchains. The influential Democrat on the House Financial Services Committee has recently articulated
In an unfolding twist to the ongoing controversies within the cryptocurrency space, Ripple Labs’ Chief Legal Officer, Stuart Alderoty, amplified calls initiated by former SEC official John Reed Stark to probe ex-SEC official Bill Hinman over potential conflicts of interest
In a recent revelation, CoinsPaid, an Estonia-based crypto payments provider, disclosed details of a cyber heist that resulted in a loss of $37 million. It appears the culprits capitalized on the vulnerability of human trust. By masquerading as potential employers
Terra Luna Classic’s community is inclined to burn a colossal 800 million USTC tokens, a decision underscored by the inactivity surrounding the Ozone Protocol’s initially proposed development plan. The original intent of the Ozone Protocol, the brainchild of Terra co-founder
In a bold move against emerging tech fraud, China has ramped up its efforts to quash illicit activities that leverage state-of-the-art technologies. The spotlight shines on overseas telecommunication firms accused of exploiting the realms of cryptocurrency and artificial intelligence (AI).
A significant disclosure recently rippled through the cryptocurrency world as Ilya ‘Dutch’ Lichtenstein, an American businessman, investor, and web developer, emerged as the orchestrator of the $4.5 billion Bitfinex Bitcoin theft in 2016. This revelation unfolds a new chapter in
In a recent analysis by data agency CCData, the South Korean digital asset platform, Upbit has surpassed leading global exchanges, Coinbase and OKX, in spot trading volume. This shift coincides with the ongoing regulatory challenges faced by Binance, the largest
The U.S. Internal Revenue Service (IRS) has laid a new rule classifying cryptocurrency staking rewards as gross income. The IRS announced its landmark decision in Revenue Ruling 2023-14 on July 31, which seeks to clarify the tax treatment of income
The DeFi ecosystem has been dealt a significant blow following a security exploit that impacted both the Curve Finance and the BNB Smart Chain (BSC) platforms. Curve Finance, a prominent decentralized stablecoin exchange reported a staggering loss of $41 million
After months of contentious bankruptcy proceedings, embattled cryptocurrency firms FTX and Genesis Global Capital are on the verge of a settlement. Recent court filings indicate that the two parties, embroiled in a dispute worth billions of dollars, have achieved a
A trending video showcasing Massachusetts Representative Stephen Lynch’s unwavering support for the U.S. Securities and Exchange Commission (SEC) has sparked controversy within the crypto community. Lynch defended the SEC’s actions against Ripple Labs Inc., suggesting that the regulatory body had
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