The boom in generative AI is exposing small to medium enterprises (SMEs) to a unique set of problems—AI-powered cyberattacks—leaving budding businesses overwhelmed. In a recent US Congressional hearing, a group of cybersecurity experts from leading organizations including IBM, Hitachi, Protect
Bitcoin (BTC) briefly rose above $35,000 for the first time since May 2022, driven by speculation that U.S. regulators will soon approve a Bitcoin exchange-traded fund (ETF). The price of BTC reached $35,086 on Tuesday, up over 17% in 48
Vivek Ramaswamy has swiftly emerged as a figurehead for the crypto sector within the Grand Old Party (GOP) presidential race. A biotech entrepreneur by trade, Ramaswamy has cast himself in a new role: a crusader for crypto, promising sweeping changes
Telegram, the popular messaging app, has recently reignited investor interest by unveiling its long-anticipated crypto wallet, TON Space. Built on The Open Network (TON) blockchain, this move fuels optimism for TON’s long-term viability and marks a new phase for Telegram
Binance US CEO Brian Shroder has announced his resignation amid a wave of layoffs. The company is slashing its workforce by a third, letting go of 100 employees. Brian Shroder’s departure marks the third CEO change for Binance US since
Payments processor PayPal is further integrating cryptocurrency into its services. The payments giant has now launched crypto-to-USD conversions (aka off-ramps) for customers in the U.S. According to a blog on the PayPal website, the off-ramp service will increase access to
Genesis Global Holdco LLC, the crypto lender in financial distress that filed for bankruptcy earlier this year, has launched a lawsuit against its parent entity, Digital Currency Group (DCG), along with DCG International Investments Ltd. This lawsuit has been officially
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
Investors and crypto enthusiasts on the X platform (formerly Twitter) have been abuzz with questions and speculation after Genesis Global Trading announced it will be winding down its U.S.-based spot trading crypto services by Sept. 18. The move has left
In the wake of high-profile bankruptcies and regulatory actions that have left the cryptocurrency lending industry reeling, Coinbase Global Inc. is stepping in to fill the void. Through its Prime service, the U.S.-based exchange aims to attract institutional investors with
In a decision by the Securities and Exchange Commission (SEC), Grayscale Investments LLC has won the right to convert its hefty $17 billion Bitcoin trust into a physically backed ETF. While this move positions Grayscale favorably in the ETF sector,
In a landmark decision that could have far-reaching implications for the cryptocurrency industry, Judge Katherine Polk Failla of the Southern District of New York ruled Ethereum (ETH) a commodity. This determination, stemming from the Uniswap lawsuit, is particularly notable given
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