In the vast and complex world of digital currencies, an unexpected financial archaeologist recently unearthed a forgotten fortune. Conor Grogan, Head of Product at Coinbase, took on a digital treasure hunt that led him to discover hundreds of thousands of
Crypto tokens related to AI surged over the last three days, spurred by optimism that OpenAI’s new text-to-video generator, Sora, will help boost profits for companies operating in the sector. Worldcoin (WLD), a crypto project co-founded by OpenAI CEO Sam
The Overwatch Champions Series has banned teams from having sponsors related to cryptocurrencies, NFTs, and AI following the collapse of the previous Overwatch League. The rulebook, revealed by ESL Faceit Group, aims for a cleaner esports environment. Team sponsorship regulations
Neom, the $500 billion futuristic urban metropolis currently under construction in northwest Saudi Arabia, has revealed Aquellum, its latest luxury destination off the Gulf of Aqaba coast. The project is embedded within a 450-meter-high mountain range, exposing an experiential and
In a year in which AI dominated virtually every economic sector, related cryptocurrency tokens soared in value as investors took positions in a technology that’s being viewed as the next big thing. The broader crypto market bounced back in November,
A federal court in New York has frozen the assets of Alexander Mashinsky, the former CEO of the now-bankrupt crypto lending company Celsius Network. Unsealed documents disclosed on Sept. 5 reveal that the court has targeted Mashinsky’s bank accounts and
OpenSea volume during the second month of Q3 was the lowest it has recorded in the past two years, and the new low has reduced its standing in the ranks of the largest NFT marketplaces in the sector. OpenSea, a
The U.S. Securities and Exchange Commission (SEC) on Monday charged Los Angeles-based entertainment company Impact Theory with conducting an “unregistered offering of crypto asset securities” through non-fungible tokens, or NFTs. The enforcement action, considered the first by the capital markets
Following a security breach that removed $1 million from its funds, the decentralized futures trading platform Cypher has unveiled its comprehensive recovery strategy. Operating on the Solana blockchain, the platform faced severe scrutiny after it paused its smart contract, promptly
In an interview with Cowboy State Daily, Custodia Bank’s CEO, Caitlin Long, has spoken out against the regulatory crackdown on digital assets by Washington, D.C. Long voiced opposition in the interview, stating that despite facing significant regulatory hurdles, her Bank
PayPal’s new stablecoin, dubbed PayPal USD (PYUSD), is not so much a program to boost blockchain-based payment services as a marketing stunt designed to cash in on the cryptocurrency hype, according to some analysts. The company launched its dollar-pegged stablecoin
Abu Dhabi, often hailed as the financial hub of the United Arab Emirates (UAE), has once again demonstrated its forward-thinking attitude toward fintech. It’s been officially confirmed that the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority has granted
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