South Korea’s Financial Supervisory Service (FSS) is preparing regulations to supplement the Virtual Asset Users Protection Act passed earlier this year, according to local reports. New regulations should be ready by January, well ahead of the law entering into force, the FSS head said. The South Korean National Assembly Political […]

Collapsed crypto exchange FTX has floated a revised proposal that could see more than 90% of creditor holdings that were held at the exchange prior to its November 2022 implosion returned to them by the end of the second quarter of 2024. As per a statement released on Monday, the […]

Ferrari has started the process of accepting crypto as a means of payment for its high-end sports cars in the United States. According to a CNBC article published earlier today, Enrico Galliera, Ferrari’s Chief Marketing and Commercial Officer, revealed in a Reuters interview that this move is in response to […]

Baidu, one of China’s largest technology companies, released version 4.0 of its popular “Ernie” artificial intelligence (AI) large language model (LLM) chatbot. According to an English language translation provided by Baidu, embedded in an X post alongside the usual Google Translate subtitles, CEO Robin Li claimed the updated model “stands […]

In the ever-evolving world of cryptocurrencies, Bitcoin has always emerged as the undisputed leader. Despite the significant drop in Bitcoin’s value, with prices hitting as low as $25,000 last quarter, influential players have continued to accumulate the digital asset. Large Bitcoin holders have been quietly expressing their bullish sentiment in […]

Caroline Ellison wasn’t doing a good job leading Alameda Research in 2022, and she did not hide it. Pieces of her personal notes shared as evidence by prosecutors on Sam Bankman-Fried’s trial revealed details about the trading firm’s struggles and its CEO’s desire to resign weeks and months before the […]

Decentralized exchange (DEX) THORSwap has resumed operations after briefly going into maintenance mode due to detecting illicit funds on its platform. THORSwap took to X (formerly Twitter) on Oct. 12 to announce that the platform is back online. The platform asked users to resume their regularly scheduled swapping of over […]

HKVAC made major updates to its flagship cryptocurrency indexes, including XRP replacing USDC in the top five list. The changes also include adding Hedera (HBAR) and Maker (MKR) to the Cryptocurrency Global Large Market Cap Index, among others. HKVAC’s Cryptocurrency Global Large Top10 Index and Cryptocurrency Global Large Top10 Equal […]

A 75-minute secretly recorded audio clip of Caroline Ellison has revealed the exact moment 15 former Alameda Research staff found out the hedge fund was “borrowing” user funds from FTX.  The full-length recording, obtained by Cointelegraph, provides fresh insights into the palpable tension felt by Ellison and Alameda staff in […]

Unauthorized artificial intelligence-powered recreations of people’s voices and images would be banned under a proposed bill by a bipartisan group of United States senators. In an Oct. 11 press release, Democratic Senators Chris Coons and Amy Klobuchar, along with Republican Senators Marsha Blackburn and Thom Tillis, released a discussion draft […]