AI Powerhouse Openai Raises $6.6B Achieving a $157B Valuation
AI startup Openai reported closing a funding round led by Thrive Capital and the participation of other tech companies like Microsoft and Nvidia. The $6.6 billion raised would be used…
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Crypto Ponzi Leader Receives 121-Month Prison Sentence
David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class…
Paypal Completes First Corporate Transaction Using PYUSD Stablecoin
Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in…
Over 20 Crypto Hacks in September 2024: Here’s How Much Was Stolen
Blockchain security firm PeckShield has reported that the crypto space suffered more than 20 hacking incidents in September 2024. According to the company, these events caused about $120.23 million in…
Washington State Accuses 2 Cryptocurrency Platforms of Defrauding Investors
Two cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies allegedly lured investors with promises of huge returns, but later blocked withdrawals and demanded…
Crypto Advocacy Group Launches Initiative to Protect Blockchain Developers
The Cryptocurrency Open Patent Alliance (COPA) has teamed up with Unified Patents to launch the Blockchain Zone, a new initiative designed to safeguard blockchain developers from “patent trolls.” The campaign…
New York Man Pleads Guilty in Crypto-Fueled $25M Money Laundering Case
The U.S. Attorney’s Office and the FBI announced on Friday that Yanbing Chen, a 30-year-old from Brooklyn, N.Y., pleaded guilty to his involvement in an international money laundering and drug…
Institutional Investors Predict Surge in Digital Asset Fund Launches, Research Finds
Institutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed expecting a rise over the next 12 months, according to new…
UK Finance Publishes Report on Successful Regulated Liability Network
The various use case tests conducted by UK Finance in partnership with Quant, R3, DXC Technology, and Coadjute found that the Regulated Liability Network could unlock new functionalities for the…
US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio
The U.S. government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud. The funds, converted from stolen bitcoin, could soon be returned…
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