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 recent series of tweets from Adam Cochran has cast a shadow over the future of Huobi, the world’s 12th-largest crypto exchange. Cochran alleges that the exchange might be on the brink of insolvency, a revelation that has sent shock
As the AI revolution poses a threat to the job market, Australia’s Labor Party and Workers’ Unions want a new government body to manage its progress and protect employees at risk of losing jobs to the technology. The party’s stance
Teenagers in China will be restricted to using their phones for just an hour per day under new draught rules proposed by the state’s cyberspace regulator, reports Insider. The Cyberspace Administration of China unveiled proposed guidelines aimed at addressing “the
Effective October 3, Revolut, a leading fintech firm headquartered in the UK, will cease all cryptocurrency-related services for its clientele in the United States. The decision comes in response to the escalating intricacy and unclear nature of the US regulatory landscape
The U.S. Department of Justice (DOJ) is weighing whether to charge Binance with fraud. But prosecutors are worried that doing so could cause a run on the world’s largest crypto exchange, leading to losses for users, Semafor reported. Prosecutors fear
The XRP community, which recently rejoiced over a decision in the ongoing Ripple versus SEC case, may need to prepare for a fresh round of legal battles. Judge Jed Rakoff of the Southern District of New York issued an order
UPDATE: Kenya’s interior minister Kithure Kindik on Wednesday halted all activities of Worldcoin while the government investigates potential risks to public safety. Local media reports say over 350,000 Kenyans had signed-up to Worldcoin by Tuesday. Regulators in the UK, France
The U.S. Securities and Exchange Commission (SEC) is filing to sue PulseChain and Hex founder Richard Heart for securities fraud, mere days before the premiere of his vanity movie project, The Highest of Stakes. With multiple serious charges against him
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
FTX founder Sam Bankman-Fried has been accused of intimidating witnesses ahead of his upcoming fraud trial in a new twist to the unfolding legal drama. Consequently, prosecutors now argue that he must face jail time. They present this pressing argument
TikTok, a China-owned social media company has consistently faced criticism for disseminating the state’s propaganda. The latest report accuses the platform of deceiving millions of Europeans through Chinese state propaganda outlets, focusing on subjects such as COVID-19 and tourism in
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