Tether's strategic hire of a seasoned government affairs expert underscores its commitment to navigating regulatory complexities and fostering industry collaboration.
The post Former PayPal executive joins Tether as Head of Government Affairs appeared first on Crypto Briefing.
This week’s Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX’s repayment plan.
A recent enforcement action in the United States has intensified the scrutiny over decentralized finance (DeFi) protocols, which have largely operated within a regulatory gray zone.
Regulators again targeted the decentralized trading platform Uniswap for allegedly facilitating illegal derivatives trading. The Commodity Futures Trading Commission (CFTC) has imposed fines and ordered Uniswap to cease the alleged violations. The move is indicative of the increasing regulatory focus on DeFi front ends as authorities seek to bring protocols into compliance with existing financial regulations.
In another headline, Bitfarms has issued a response to Riot Platforms’ recent push for changes to its board of directors, marking the latest development in the two firms’ ongoing corporate struggle.
Explore the risks of centralization in cloud computing and AI and discover how decentralized models are changing the landscape for innovation and independence.
Advancements in cloud computing, data storage and artificial intelligence have transformed how businesses operate and manage information. However, this transformation has also led to challenges because these technologies are highly centralized and in the hands of a few tech giants.
The cloud computing industry is currently dominated by three key players: Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform. These companies control over 65% of the global cloud computing market. AWS holds the largest share at 31%, followed by Microsoft Azure at 25% and Google Cloud at 11%. This concentration of power raises several concerns for the broader technology ecosystem.
Awaiting extradition to either the US or South Korea, Do Kwon could have had access to the Terraform Labs wallet containing more than 1,075 BTC.
A wallet reportedly associated with Terraform Labs and one of its co-founders, Do Kwon, has moved $62 million worth of Bitcoin to a different address.
According to data from blockchain analytics firm Arkham Intelligence, on Sept. 2, Terraform moved more than 1,075 Bitcoin (BTC) — roughly $62 million at the time of publication — from one of its wallets. It’s unclear if Kwon, currently awaiting extradition from Montenegro, was responsible for the transfer.
The Terra ecosystem collapsed in 2022, with authorities from the United States and South Korea filing charges against Kwon and some of his associates for their alleged role in the platform’s downfall. In 2023, Kwon was arrested in Montenegro on unrelated charges and sentenced to four months in prison.
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted in individual losses ranging from 1.2 million […]
Even artificial workers can’t escape the bureaucracy.
The future of artificial intelligence may involve more of a corporate takeover than a robot uprising. This, according to AI firm Anthropic’s CEO, Dario Amodei.
Amodei recently discussed the future of AI in an interview with Noah Smith and Erik Torenbergon the Econ 102 podcast. The trio touched on everything from the military use of AI to human workers being replaced by more efficient machines.
Perhaps most interestingly, however, Amodei discussed the company’s inside efforts to develop an efficient hierarchical structure for completing tasks via a network of artificial intelligence models.
AMINA Bank's zero-fee banking for Web3 startups could significantly boost innovation and growth in the digital assets sector.
The post Crypto-focused AMINA Bank unveils zero-fee banking package for Web3 startups and scale-ups appeared first on Crypto Briefing.
The funding boost for Story Protocol could revolutionize IP management, ensuring fair compensation for creators in the evolving digital economy.
The post Layer 1 blockchain Story secures $80M in Series B funding led by a16z appeared first on Crypto Briefing.
The rebranding and integration of Cenit Finance into Space and Time's suite could significantly enhance token economy management and risk assessment.
The post Microsoft-backed Space and Time rebrands Cenit Finance as ‘Space and Tokens’ appeared first on Crypto Briefing.
Binance's compliance in India underscores the importance of adhering to local regulations for global market expansion and user trust.
The post Binance resumes operations in India, confirms regulatory compliance appeared first on Crypto Briefing.
